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Stock Market & Financial Investment News

News Breaks
June 12, 2014
05:34 EDTSAP, INFYInfosys to appoint Dr. Vishal Sikka as CEO, promotes U.B. Pravin Rao to COO
The Infosys (INFY) board announced the selection of Dr. Vishal Sikka as CEO and Managing Director of the company. Dr. Sikka will be inducted as a whole-time director of the board and CEO & MD on June 14. He will take over as CEO & MD from S. D. Shibulal on August 1. The board has also elevated U.B. Pravin Rao, president and whole-time director, as COO, with effect from June 14. Dr. Vishal Sikka was, until recently, a member of the executive board of SAP AG (SAP).
News For INFY;SAP From The Last 14 Days
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February 10, 2016
10:00 EDTINFYInfosys McCamish, M Financial extend BPO contract to 2025
Infosys McCamish Systems LLC, an Infosys BPO company, and M Financial Group announced a 10-year extension of their BPO contract till 2025. For the last 15 years, Infosys McCamish has been managing the customer care center, policy administration, and claims processing activities for Magnastar.
February 3, 2016
07:21 EDTSAPSAP to pay $3.9M settlement to SEC over Panama bribery charges, Reuters says
SAP will pay almost $3.9M to settle SEC charges related to a former executive's scheme to bribe Panama government officials in an effort to win technology contracts, Reuters reports. The SEC said that SAP's internal controls let Vicente Garcia, former vice president of global and strategic accounts responsible for Latin America sales, to pay $145,000 in bribes to a top Panamanian government official and offer bribes to two others in order to win contract orders, the report says. Reference Link
January 27, 2016
15:19 EDTSAPSAP to hold a capital markets day meeting
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