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No perceivable inconsistency in Infosys data points: ICICI Securities

Wednesday, October 30, 2019, 7:48 PM

A Mumbai-based brokerage firm said there is "no perceivable inconsistency" in key data points shared by Infosys as alleged by anonymous whistleblowers in a recent letter. This report comes at a time when the USSEC has initiated an investigation. According to the report, "net-new" deals are an important data point to consider, the importance of retaining renewals cannot be underestimated.
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Many investors want in on suit: Phillip Kim, lead attorney on the lawsuit

Friday, October 25, 2019, 8:22 PM

Many investors of IT-services provider Infosys have reached out to join a class-action lawsuit against the company, New-York-based law firm which filed the suit told ET. "Many investors have already contacted-us and joined the case," Phillip-Kim, lead attorney on the lawsuit, told ET in an email. The suit seeks to represent people or entities that acquired Infosys shares from July-7, 2018 to October-20, 2019.
 
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Infosys announces stock incentives for nearly 7,000 mid-level employees

Friday, October 25, 2019, 8:15 PM

Infosys announced that nearly 7,000 of its eligible mid-level employees have been granted stock incentive options in the form of restricted stock units (RSUs). In a notification to stock exchanges, Infosys said: "This is to inform that 2,298,020 stock incentives in the form of RSUs were granted to 6,949 mid-level eligible employees of the company/subsidiary companies under the 2015 Stock Incentive Compensation Plan."

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