The company’s net profit during the period was up 13 per cent sequentially at Rs 4,110 crore, while consolidated revenue grew 7.7 per cent quarter-on-quarter to Rs 20,609 crore, with digital business accounting for 31 per cent of the total revenues.
Infosys had agreed to pay Rajiv Bansal a severance amount of Rs17.38 crore or 24 months of salary, but the company suspended payments after he got Rs 5 crore as co-founders objected to the severance pay as being excessive in nature.
M D Ranganath, popularly called Ranga, will continue in his current position as chief financial officer till November 16, 2018, Infosys said in a stock exchange filing, without giving a reason for the resignation.
India's second-biggest IT firm Infosys Ltd retained its revenue outlook for the fiscal year to March, with its chief executive upbeat about demand for the company's services in the key markets of the United States and Europe.
"The EAC, on being satisfied with the submissions of the project proponent, recommended the project for grant of environmental clearance and stipulated the following specific conditions along with other environmental conditions while considering for accord of environmental clearance..." the EAC said