Infosys faces 175,000 euro penalty from French labour authority over work-time tracking

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AI summary

Infosys received a Euro 175,000 penalty from French labour authority DRIEETS over shortcomings in its working time recording system. The system was found non-compliant with French legal requirements on reliability, auditability and monitoring for certain employee categories. Infosys says there is no material impact on financials or operations.

Likely market impact

Minor penalty with no material financial or operational impact disclosed. Limited effect expected on share price.