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1-10 results from 190 for query «severance»

6 December, 2018 4:06 AM 9-Year-Old Convinces Town To Overturn Century-Old Ban On Snowball Fights

A nine-year-old boy in Colorado this week threw his first snowball -- legally -- after a battle to overturn a century-old ordinance banning snowball fights in the small town of Severance. Dane Best said he decided to take on local authorities and persuade them to change the law by using simple logic. "Today's kids need reasons to play outside," Best said on Monday 112

18 September, 2018 12:47 PM Infosys Ordered to Pay Former CFO Rajiv Bansal Rs. 12 Crores

The arbitral tribunal ordered Infosys to pay its former Chief Financial Officer (CFO) Rajiv Bansal Rs 12.17 crore with interest as part of the severance amount, the IT major said on Tuesday. "Infosys is required to pay Bansal the outstanding amount of Rs. 12.17 crore with interest," said the city-based company in a regulatory filing on the BSE. Bansal 118

18 September, 2018 6:53 AM Infosys down 1% after company loses arbitration, to pay Rs 12.17cr to former CFO

Infosys is required to pay to Bansal the outstanding severance amount of Rs 12.17 crore with interest. Shares of Infosys were down 1 percent intraday Tuesday after company lost arbitration award to its former chief financial officer (CFO) Rajiv Bansal. The arbitral tribunal has communicated its decision in the arbitration proceedings in relation to the severance 117

17 September, 2018 5:23 AM Infosys eyes 15-20 firms for buyouts, expects to ink deals in next 2 years: Report

CEO Parekh said the mergers and acquisitions team at Infosys was evaluating a "shortlist of 15-20 companies". Infosys is looking at inorganic growth through acquisitions, in spite of the controversies surrounding its buyout of Israeli software firm Panaya, Chief Executive Officer (CEO) Salil Parekh told a leading business daily. In an interview with the Business 181

19 April, 2018 11:48 AM Qualcomm begins layoffs to cut annual costs by $1 billion

Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $1 billion, the chipmaker said on Wednesday. "Qualcomm is conducting a reduction of our full-time and temporary workforce," a company spokesperson who declined to be identifies said, without disclosing the exact numbers of job cuts. Though the company first 81

27 March, 2018 4:29 AM Salil Parekh’s contract leaves no room for Sikka rerun: Report

It also has a “Release of Claims� condition that ensures Infosys does not have to pay more than the promised severance to Parekh, in case the board ends his tenure before 2023. Infosys Ltd’s new chief executive Salil Parekh cannot work with eight competing firms after he quits the company, and will not get an assured minimum salary, a newspaper 281

27 October, 2017 6:57 AM Infosys 'rationalises' employment contracts for top executives

Even as Infosys is putting out the fires surrounding former Infosys executives getting arbitrary payouts, the Bangalore-based company has standardised the severance packages, reports The Times of India. However, a company spokesperson speaking to the newspaper said that it has revised the contracts without shedding light on the severance clause. As per the new norms 56

24 October, 2017 7:08 PM Murthy vs Infosys: Company declares Q2 numbers, fails to answer Panaya questions

NR Narayana Murthy has slammed the Infosys board for not addressing the questions on poor corporate governance raised by him, in a late evening statement on Tuesday, after non-executive chairman Nandan Nilekani reaffirmed the correctness of investigations that found no wrongdoing in the acquisition of Israeli software company Panaya. This exoneration 90

24 October, 2017 6:50 PM Murthy says ‘disappointed’ with board’s decision

N.R. Narayana Murthy, one of the seven founders of Infosys, on Tuesday said he was ‘disappointed’ by the board clearing former CEO Vishal Sikka and his management members on issues of corporate governance and irregularities on a $200 million acquisition. “I stand by every question on poor governance raised in my speech to Infosys investors dated August 54

24 October, 2017 11:39 AM Infosys likely to open lower on Wednesday; top 10 takeaways from Q2 results

A cut in revenue guidance and no significant update on the CEO front could weigh on the software major's stock when it next opens for trading. Infosys reported a beat on net profit on Tuesday when it declared results for the quarter ended September 30. But a cut in revenue guidance and no significant update on the CEO front could weigh on the software 69