Federal Reserve
Bernanke points to reduced Fed bond buying this year
Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Infosys says settles whistleblower lawsuit in the U.S
Employees walk in front of a pyramid-shaped building at the Infosys campus in the Electronic City area of Bangalore September 4, 2012.
Credit: Reuters/Vivek Prakash/Files
BANGALORE |
BANGALORE (Reuters) - Infosys (INFY.NS), India's No. 2 software services firm, said on Friday it settled a lawsuit filed by former employee Satya Dev Tripuraneni.
The lawsuit filed against the company has been withdrawn following successful mediation, the company said in a statement on its website. An amicable settlement has been reached without any admission of liability, Infosys said.
Tripuraneni, an American ex-employee, had said he was harassed by his supervisor after he accused Infosys of visa fraud, according to the lawsuit filed on August 2 in the federal court for the Northern District of California.
A separate lawsuit by another employee Jack Palmer, alleging retaliation after pointing out what he said was the misuse of U.S. B1 visas, was thrown out by a U.S. judge in August. (Reporting By Harichandan Arakali; Editing by Anand Basu)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters