Posted inSouth Asia

Infosys fines director for trading norms breach

Indian information technology services major Infosys Technologies has fined one of its independent directors, Kiran Mazumdar-Shaw, a leading entrepreneur, for selling company shares during market hours without permission. In a regulatory stock exchange filing Infosys has accused Mazumdar-Shaw, Chairperson and Managing Director (CMD) of India’s leading biotechnology firm Biocon Limited, of inadvertently selling 1,600 shares […]