Financial Times FT.com

Infosys reassures investors through disclosure

By Joe Leahy in Hyderabad

Published: January 13 2009 07:41 | Last updated: January 13 2009 18:47

India’s Infosys Technologies moved to distance itself from the scandal afflicting Satyam Computer Services, its software outsourcing rival, on Tuesday by publishing full details of the scores of foreign and local banks with which it keeps its cash deposits.

The unprecedented disclosure by India’s second-largest outsourcing group by revenue is aimed at allaying any investor concerns about the status of its cash reserves.

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