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Infosys sees marginal impact on profits amid covid-19; CEO salary at $6.15 mn in FY20

city New Delhi Usa covid-19 outbreak 2020 crisis
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NEW DELHI : IT services major Infosys has said its profitability may be "marginally impacted" and its cash flows negatively affected amid covid-19 pandemic.

Also, Infosys CEO Salil Parekh drew a pay package of about USD 6.15 million (at current exchange rate worth ₹46.44 crore) in fiscal 2020, Infosys said in a regulatory filing.

Outlining risks related to the occurrence of COVID-19, Infosys said its profitability may be marginally impacted as some clients have sought price reductions or discounts. "Lower profitability and prolonged payment terms requests from clients can impact our cash flows negatively and may impact our ability to provide dividend to shareholders," Infosys said in its 20-F submission to the US Securities and Exchange

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Frustration builds as ICBC keeps road tests parked over COVID-19 concerns
COVID-19 pandemic forced ICBC to cancel all tests, estimated to be more than 50,000, due to concerns over spread of the virus during the in-vehicle tests.Dueling says the cancellation has his livelihood on life support.“It can mean my small business will go under and collapse,” Dueling said. “A business I have worked blood and sweat and tears on could collapse.”ICBC is expected to submit a plan to WorkSafeBC next week on how it can safely rescue road tests.
covid-19 bc coronavirus ICBC Coronavirus
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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