Infosys global head of manufacturing and engineering resigns Infosys disclosed earlier in a regulatory filing that on August 28 Ashok Vemuri, Member of the Board, Member - Executive Council, Head of Americas and Global Head of Manufacturing and Engineering Services, conveyed his intention to resign from the company. The Board has accepted his resignation and has decided to relieve Vemuri from his responsibilities effective September 12, the company said.
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Infosys upgraded to Outperform from Market Perform at Cowen Cowen upgraded Infosys after its survey indicated improvements in key demand metrics. The firm raised its price target for shares to $65 from $55.