Infosys Ltd Stock Price today crashed 16% to ₹643.30 after India’s No.2 software services exporter said it is investigating whistleblower claims accusing its top two executives of “unethical practices” to boost short-term profit. Today’s crash wiped off ₹53,452 crore from its market capitalisation. Infosys Chairman Nandan Nilekani said in a statement on Tuesday that the complaints were placed before the audit committee and the non-executive members of the board.
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Dewan Housing Finance Corporation Ltd Stock Price extended declines for the fifth consecutive trading session. The stock hit a lower circuit of 10 percent at Rs 21.15.
Lakshmi Vilas Bank Ltd (LAKSHVILAS-534690) Hits 5% Lower Circuit For 2nd Day
Shares of Lakshmi Vilas Bank Ltd (LAKSHVILAS-534690) hit their lower circuit of 5 percent for the second consecutive trading session. The Reserve Bank of India put the bank under Prompt Corrective Action framework. The bank clarified that PCA does not mean moratorium for the bank.
Lakshmi Vilas Bank Ltd (LAKSHVILAS-534690), Fraud to the Tune of ₹790 cr
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