Infy settles issue with California employees

Infosys Technologies on Friday said it has voluntarily settled the issue of payment of overtime to certain employees in California for a total amount of $26 million.

The company has settled the issue with the California Division of Labour Standards Enforcement (DLSE).

"The payment pertains to the last three years and such back wages will be paid to employees in due course," the Bangalore-headquartered, Nasdaq-listed firm said in a statement.