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BENGALURU (Reuters) -India's Infosys filed a counterclaim against rival Cognizant in a Texas federal court on Thursday, accusing the U.S.-based company of engaging in anti-competitive practices ...
In December 2019, Infosys reached an $800,000 settlement with the State of California in a visa and tax fraud case. Between 2006 and 2017, nearly 500 Infosys employees were found to be working in the state on Infosys-sponsored B-1 visas instead of the required H-1B visas , enabling the company to avoid paying California payroll taxes, including ...
Bayer. $10.9 billion German pharmaceutical company Bayer agreed to pay nearly $11 billion to settle thousands of lawsuits over subsidiary Monsanto’s weed-killer Roundup. The settlement aims to ...
BENGALURU (Reuters) -Shares of Infosys , India's No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company's annual revenue forecast fanned further ...
In June 2020, Bayer agreed to settle over a hundred thousand Roundup lawsuits, agreeing to pay $8.8 to $9.6 billion to settle those claims, and $1.5 billion for any future claims. The settlement does not include three cases that have already gone to jury trials and are being appealed. [63] However the settlement was not allowed to cover future ...
Sikka took over from then-CEO S.D. Shibulal, one of Infosys' founders, on 1 August. [19] He was inducted as a whole-time director of the Board and CEO & MD (Designate) of Infosys on 14 June. [20] His annual compensation was set at $13 million and stock options worth $9million. [21] Vishal Sikka resigned from Infosys as MD and CEO on 18 August ...
India's second-largest software services exporter Infosys said it signed a $1.5 billion contract for a 15-year period with a "global company". Under the deal, Infosys will provide enhanced digital ...
The city is home to Tata Motors (Marcopolo), Hitachi Construction Equipments, Telcon and Sankalp Semiconductors, among others. Infosys is about to commence operations from Hubli with a campus of over 50 acres. Due to raising construction activity including malls and business centers in Hubli, Real Estate Companies [4] also added lot to the economy.