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  • Infosys, Labour Ministry to meet on May 16 to discuss non-compete agreement Apr 28, 2022 05:54 PM IST

    Infosys, Labour Ministry to meet on May 16 to discuss non-compete agreement

    The company was absent from the first round of discussion that was scheduled on April 28. In the next meeting, representatives from the ministry and Infosys are expected to be present along with the union that filed the complaint seeking removal of the agreement from offer letters.

  • Non-compete clause standard, won’t limit career growth: Infosys Apr 20, 2022 08:48 PM IST

    Non-compete clause standard, won’t limit career growth: Infosys

    While these provisions are not new and are common among companies, they have gained prominence against the backdrop of increased attrition. Infosys reported 27.7 percent attrition for the quarter ended March 31, 2022.

  • IT employees union files complaint against Infosys, seeks removal of non-compete clause Apr 20, 2022 10:47 AM IST

    IT employees union files complaint against Infosys, seeks removal of non-compete clause

    This comes in the backdrop of IT major’s Q4 earnings that showed the attrition continues to spike amid a robust demand environment. The company hired 85,000 freshers in the year ended March 31, 2022, while the attrition stood at 27.7 percent.

  • Max Life shareholders approve non-compete fee to promoters: Srcs Sep 26, 2016 10:08 AM IST

    Max Life shareholders approve non-compete fee to promoters: Srcs

    The minority shareholders including KKR, Goldman Sach and Kotak, which has over 25 percent stake in the company, has given a green signal to pay the non-compete fee.

  • Sony deal to keep Zee from competing in sports for 4 yrs: Goenka Aug 31, 2016 03:38 PM IST

    Sony deal to keep Zee from competing in sports for 4 yrs: Goenka

    Zee Entertainment‘s deal for sale of Ten Sports to Sony comprises a non-compete clause which restricts Zee from entering the sports business for up to 4 years, says Chief Executive Officer Punit Goenka in an interview to CNBC-TV18.