Sunday, August 23, 2026

No Infosys employee detained or deported by US authorities, says CEO Salil Parekh

Date:

Infosys CEO and Managing Director Salil Parekh dismissed reports claiming that an employee of the company was detained or deported by US immigration authorities, terming the allegations circulating on social media as incorrect.

Speaking during Infosys’ third quarter earnings conference on January 14, Parekh clarified that no Infosys employee had been apprehended by Immigration and Customs Enforcement (ICE) or any other US authority. “No Infosys employee has been apprehended by any US authority. A few months ago, one of our employees was denied entry into the US and was sent back to India,” he said.

The clarification came after a viral post on social media platform X alleged that a Mysuru-based Infosys employee working on an on-site project in the US was picked up by ICE agents and given two hours to decide whether to return to India or face jail. The post further claimed that the employee was escorted by authorities during transit, publicly humiliated during the journey, and that Infosys planned legal action against US authorities.

Infosys has denied these claims, stating that no such detention or deportation incident involving its employees has taken place in recent times.

Infosys Q3 Results

Infosys reported a net profit of ₹6,654 crore for the October–December quarter, lower than the CNBC-TV18 poll estimate of ₹7,445 crore and down 9.6% sequentially from ₹7,364 crore in the September quarter.

Earnings before interest and tax (EBIT) stood at ₹9,479 crore, slightly below the poll estimate of ₹9,624 crore, but up 1.3% sequentially from ₹9,353 crore. Operating margin for the quarter came in at 20.8%, compared with the poll expectation of 21.3% and 21% in the preceding quarter.

Shares of Infosys Ltd ended marginally higher on Wednesday, January 14, by 0.62% at ₹1,608.90 on the NSE.

Also Read: Infosys headcount hits 11-quarter high with 5,043 additions in Q3



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Anand Mahindra re-appointed to RBI Central Board for four more years

The Central Government has re-appointed Anand Gopal Mahindra as...

Will consider requests by subsidiaries of cos for relaxed FDI norms at relevant time: Govt sources

India considers relaxing FDI norms, removing ₹5,000 crore cap,...

As many as 29 FDI proposals worth ₹5,000 cr reported after 10% Chinese stake rule: Official

The decision to permit overseas companies with up to...

Govt denies ethanol diversion caused sugar prices to rise, points to lower output and festive demand

The government on Friday (August 21) rejected claims that...