Tuesday, 22 October 2019

Infosys investors lose Rs 53,000 crore in a day

Shares of IT services firm Infosys on Tuesday plummeted nearly 17 per cent, wiping Rs 53,451 crore from its market valuation, on concerns over a whistleblower complaint which alleged that two top executives of the company were indulging in unethical practices to increase short-term revenue and profits.

from Times of India https://timesofindia.indiatimes.com/business/india-business/infosys-shares-nosedive-nearly-17-pc-m-cap-drops-by-rs-53451-cr-on-whistleblower-complaint/articleshow/71704827.cms
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