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Tag - Infosys
A Bangalore, India-based company -- InfoSys -- is losing two key executives due to a scandal involving overbilling Apple, reports say. InfoSys is known to provide outsourced tech support services for Apple. The Economic Times of India says that InfoSys has fired the CFO of its business process outsourcing unit, Abraham Mathews, for violating the company's code of conduct. CEO Gautam Thakkar has reportedly resigned on "moral grounds," and will depart on November 30.
Apple is aiming to "quadruple" the amount of money it spends in India, claims local publication The Economic Times. In January the company's CIO, Niall O'Connor, is said to have visited the city of Bangalore, where he was met by senior officials from two technology companies, Infosys and Wipro. O'Connor is reportedly deciding which firms in India will get lucrative software and maintenance contracts worth about $100 million.