- Ten Hag bemoans Man Utd's lack of killer instinct in Palace stalemate
- France's Macron appoints new government in shift to right
- Cheika proud of Leicester grit after winning start as boss
- Profligate Man Utd pay price in 0-0 draw at Palace
- Kane, Olise run riot as Bayern thump Bremen
- Diaz fires Liverpool top of Premier League, Man Utd held at Palace
- LIV champion Rahm out of LIV Team semis with severe flu
- Slot surprised by tearful Nunez's moment of magic
- Title rivals Norris, Verstappen on 'cool' front row for Singapore GP
- Biden talks China with 'Quad' leaders in hometown summit
- Juve and Napoli play out goalless draw in early Serie A title tussle
- Alcaraz fears tennis tour grind will 'kill us'
- Carey sparks recovery as Australia thrash England in 2nd ODI
- Leclerc, Sainz lament 'disappointing' Saturday in Singapore
- Bottega Veneta holds investors' aces as Madonna pops into D&G
- Beirut digs for victims at building flattened in Israeli strike
- Verstappen stages protest over 'ridiculous' swearing punishment
- Bayern boss Kompany lauds 'special talent' Olise
- Diaz fires Liverpool top of Premier League, Spurs bounce back
- Heavy fire over Israel-Lebanon border after deadly Beirut strike
- Ramos guides unbeaten Toulouse to Montpellier win despite Hogg scuffle
- Myanmar flood death toll jumps to 384
- Chelsea owners 'happy' with win at West Ham amid rift report
- Kane and Olise run riot as Bayern thump Bremen
- Ramos guides unbeaten Toulouse to Montpellier win
- Norris pips Verstappen to dramatic Singapore pole after Sainz crash
- Carey takes Australia to 270 in 2nd ODI against England after collapse
- Two Hezbollah leaders killed in Israel's Beirut strike
- Hungary Danube waters reach decade high after Storm Boris
- Bagnaia cuts Martin's MotoGP lead with Emilia-Romagna sprint win
- Jackson double fires Chelsea to victory at woeful West Ham
- Fiji beat Japan to lift Pacific Nations Cup
- Kasatkina to face Haddad Maia in Korea Open final
- S.Africa snowfall closes roads, strands motorists overnight
- Lawyers of women alleging Al-Fayed sex abuse receive over 150 new enquiries
- President Museveni's son backs Ugandan strongman for 7th term
- Norris quickest as Verstappen bounces back in Singapore practice
- Wallabies lament All Blacks' fast start
- Germany's Oktoberfest opens under tight security after attacks
- Environmental protesters block French cruise liner port
- Hezbollah in disarray after Israeli strike kills top commanders
- No place like home: Biden hosts 'Quad' leaders
- One dead, 7 missing as heavy rains trigger floods in central Japan
- Zelensky says no UK, US go-ahead to use long-range missiles
- New Zealand edge Australia 31-28 in Bledisloe Cup thriller
- Japan orders evacuations as heavy rains trigger floods in quake-hit area
- New Zealand pilot freed in Indonesia after 19 months in rebel captivity
- Hezbollah in disarray after Israeli air strike kills top commanders
- Leading climate activist released from Vietnam jail
- Ethiopians struggle with bitter pill of currency reform
India's Infosys to exit Russia business
Indian software giant Infosys said Wednesday it was "transitioning" out of the Russian market following the Ukraine war and conflict of interest accusations levelled at Rishi Sunak, the British finance minister.
Sunak's wife Akshata Murty holds a nearly $1 billion stake in the IT firm, which was founded by her father N.R. Narayana Murthy and established itself as a global outsourcing behemoth.
Critics have accused Sunak of financially benefiting from Infosys operations in Russia through his wife's stake, even in the wake of stiff British sanctions against Moscow in response to the invasion of Ukraine.
"Given what is going on in the region, we have started to transition all of our work from our centres in Russia to our centres outside Russia," chief executive and managing director Salil Parekh told a media briefing.
"We have no work with any Russian client today and we have no plans for any work with any Russian client going ahead," he added.
Parekh said the company was "very concerned" about the situation in Ukraine and had committed $1 million in humanitarian aid.
But he declined to confirm if the company's board has discussed recent criticism surrounding Murty's stake in the company.
"We have no comments to make on any individual shareholder," he said.
Infosys also announced quarterly earnings on Wednesday but fell short of analyst estimates despite strong growth on the back of sustained demand for digital services since the pandemic.
Net profit at the Bangalore-headquartered company rose 12 percent on-year to 56.86 billion rupees ($746 million) in the March quarter.
Revenues grew 22.7 percent to 322.76 billion rupees, and were up 19.7 percent on a full-year basis, the company's fastest pace in 11 years.
Revenue growth was forecast at 13-15 percent for the current financial year, after the company recorded an order book of $9.5 billion for the year to March 31.
Infosys was at the forefront of an outsourcing boom that saw India become a back office to the world as Western firms subcontracted work to a skilled English-speaking workforce.
More than 60 percent of its revenue comes from North American markets.
The company's board approved a final dividend of 16 rupees per share. Its stock closed 0.41 percent higher in Mumbai ahead of the earnings announcement.
B.Shevchenko--BTB