INFY - Infosys Limited

An Expert’s Advice for Cutting Your Tax Bill

Noted financial-accounting expert Bob Willens highlights several tax issues of growing importance to his clientele, as well as recent changes in the tax code that could confound—or reward—investors.

Unisys Corporation -- Moody's reviews Unisys's ratings for upgrade on proposed sale of its US Federal business

Moody's Investors Service, ("Moody's") placed Unisys Corporation's ("Unisys") B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default rating, and B3 senior unsecured rating on review for upgrade. This rating action follows Unisys's announcement that the company has agreed to sell its US Federal business to Science Applications International Corp. ("SAIC") for $1.2 billion in an all-cash transaction (the "Divestiture"). Unisys plans to use the net proceeds for the principal and premium required to redeem all of its $440 million of 10.75% Senior Secured Notes and to make a pension contribution of $600 million.

Infosys Finds No Evidence of Wrongdoing and Executes a Solid Quarter; Shares at a Premium to $9 FVE

Infosys probe finds no evidence of misconduct after whistleblower complaint

India's second-biggest IT company, Infosys Ltd , said it found no evidence of financial misconduct by its executives following a investigation into whistleblower complaints. Bengaluru-headquartered Infosys, which earlier on Friday raised its revenue forecasts due to upbeat demand from Western clients, said an audit committee report exonerated Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy of all allegations, including accusations that the duo prevented employees from presenting data on large deals. "I'm very happy that CEO Salil Parekh and CFO Nilanjan Roy have emerged from this stronger," Infosys Chairman Nandan Nilekani told reporters.

Infosys says audit committee finds no evidence of financial impropriety

Global IT company lands at blue-chip corporate park, sources say

Infosys, a massive IT corporation with more than 200,000 employees worldwide, has leased more than 60,000 square feet at a 300-acre business park in North Austin, according to multiple sources.

LEAD PLAINTIFF DEADLINE: Johnson Fistel, LLP Encourages Investors to Contact the Firm

Johnson Fistel, LLP announces that class action lawsuits have been commenced on behalf of shareholders of the publicly-traded companies listed below. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased a common stock during the Class Period to seek appointment as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than the dates listed below. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Malaysia's Khazanah sells stakes worth $1.4 bln, including in Alibaba

Malaysia's sovereign wealth fund Khazanah Nasional Bhd has sold stakes worth 5.66 billion ringgit ($1.36 billion) in seven foreign firms including Alibaba Group Holding Ltd in the first 16 months of the current government, a minister said. Khazanah, which made its first loss in a decade last year, has been under pressure to raise funds for the debt-laden government of Prime Minister Mahathir Mohamad who took office in May last year. The fund has sold an undisclosed portion of its stake in Chinese e-commerce giant Alibaba worth 2.23 billion ringgit.