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INFOSYS ARBITRATION CASE
Foxconn-HCL semiconductor pact; most valuable IT services brandsTaiwan’s Foxconn is set to enter India’s semiconductor industry as it stitches up a deal with the HCL group. This and more today’s ETtech M...- Wipro's case against former CFO Jatin Dalal referred to arbitrationOn January 3, Wipro and Dalal were directed to resolve the case under section 8 of the Arbitration Conciliation Act, 1996. The official ord...
- Explainer: A primer on breach of contract, lawsuitsWipro and Infosys are pursuing legal action against former executives joining Cognizant, raising questions on non-compete clauses' validity...
- Wipro seeks Rs 25 crore damages from ex-CFO Jatin Dalal for breach of non-compete ruleAs part of the non-compete agreement, one of the clauses bars Dalal from joining any other rival company for a period of 12 months from the...
- Indian IT firms fight it out to foil plans of talent-fishing companiesPlagued by a slew of senior-level management exodus, Wipro has filed lawsuits against at least two of them. In another instance, Infosys, t...
- Wipro sues former CFO Jatin Dalal who joined rival CognizantFormer Wipro CFO Jatin Dalal joined Cognizant on December 1. While the reasons for the suit remain uncertain, the next hearing is scheduled...
- TCS looks to settle US discrimination suits by ex-staffersTCS as well as those filing the suit have made a joint filing with the court, stating they are in talks for settlement.
- Infosys pays Sebi Rs 34 lakh as consent fee, gets ex-CFO payoff case finally settledSebi found that Bansal's payoff was decided without approval of the nomination & remuneration committee and without prior nod of audit comm...
- Infosys pays Rs 34 lakh as consent fees to Sebi in Rajiv Bansal caseAn investigation by SEBI found that Bansal’s severance payment was not in accordance with the remuneration policy.
- Infosys says will pay out arbitration award to former CFO Rajiv BansalRajiv Bansal had dragged the company to arbitration after it halted payouts on his over Rs 17 crore severance.
- Infosys fails to prove ex-CFO deleted data from laptopInfosys declined to make any further comment beyond its regulatory filings made last week that claimed the verdict of the arbitrator was co...
- Missive to Sebi: Ex-Infy Board must shell out Bansal awardBansal, who bagged an Rs 17.38 cr severance package, had initiated arbitration proceedings in April 2017.
- Can Infosys regain its ethical bellwether status?A CEO’s departure, controversies about board decisions sullied its impeccable corporate governance record.
- Sebi accepts consent plea of Infosys on severance pay to ex-CFO Rajiv BansalInfosys filed the consent plea last year in December to settle charges of disclosure lapses regarding the severance agreement it signed wit...
- Deleted official emails may hold key to why former Infosys CFO Rajiv Bansal's payout was held backBansal, who quit Infosys in October 2015, was awarded more than Rs 17cr in severance, which was characterised as outsize by some of the co’...
- Former Infosys CFO Rajiv Bansal demands pending Rs 12 crore of severance payWhen Bansal left, Infy had agreed to pay him Rs 17.38 cr as severance, about two years of pay. But it paid out only about Rs 5 cr before su...
- Why most partings across India Inc are acrimoniousConscious or unconscious, most partings across India Inc are acrimonious. Unlike in the West, disputes are either handled by arbitrators or...
- Setback for Infosys? No arbitration in Jack Palmer case on H-1B visa misuseJack Palmer accused that the company was circumventing H-1B visa rules by sending low-level and unskilled employees to the US on B1 visas i...
- No arbitration for Infosys in visa fraud case: US fed judgeThe case, whose proceedings started in February, charges Infosys with large-scale visa fraud. The case will be now decided in court.
- Infosys employee Jack Palmer to take company to court on accusation of circumventing H-1B visa rulesPalmer, who has been working with Infosys since 2008, further said that Infys' managers in US were intentionally committing fraud.
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