Infosys shifting services from Russia to other global delivery centres amid Sunak row
The move comes amid mounting pressure on UK Chancellor Rishi Sunak, who has been fielding some tough questions lately over the Russian presence of Infosys, a company in which his wife, Akshata Murty, has a share.
IT major Infosys is shifting its services from Russia to its other global delivery centres, according to sources.
The move comes amid mounting pressure on UK Chancellor Rishi Sunak, who has been fielding some tough questions lately over the Russian presence of Infosys, a company in which his wife, Akshata Murty, has a share.
See Zee Business Live TV Streaming Below:
Sources said that Infosys is transitioning services from Russia to other global delivery centres but did not elaborate on any details.
Infosys has less than 100 employees in Russia, and the status of the local staff there and whether they will be relocated could not be immediately ascertained.
To a emailed query by PTI, Infosys said, "We do not have any comments".
The UK earlier imposed wide-ranging sanctions on Russian businesses and individuals, with Sunak issuing a call for all UK companies to think very carefully about any investments in Russia over the ongoing Ukrainian conflict. With reference to stringent sanctions being imposed on Russia, Sunak, who is the son-in-law of Infosys co-founder Narayana Murthy was asked on air if his advice to businesses was not being followed within his own home.
The minister stressed that the operations of individual companies was a matter for them.
Last month, an Infosys statement said the multinational software services major supports and advocates for peace between Russia and Ukraine.
The statement had said: "Infosys has a small team of employees based out of Russia, that services some of our global clients, locally. We do not have any active business relationships with local Russian enterprises.
"A key priority for Infosys in times of adversity, is to continue extending support to the community. The company has committed USD 1 million towards relief efforts for the victims of war from Ukraine
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
10:11 AM IST