Tag: Infosys

Infosys Settles Insider Trading Charges With Markets Regulator, To Pay…

June 27, 2024 admin

Bengaluru: India’s No.2 IT services exporter Infosys’ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday. Mr Parekh agreed to pay 2.5 million rupees (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said. Source…

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Why Infosys Offered Staff Incentives Up To Rs 8 Lakh To Move To New Campus

June 18, 2024 admin

The new Infosys campus has a seating capacity of 5,000 employees. Information technology giant Infosys is giving employees incentives up to Rs 8 lakh to relocate to its new campus in Karnataka’s Hubballi. The move to shift to Hubballi is aimed at increasing its presence in tier-2 cities. Easier said than done, the perks and…

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‘India mid-tier IT firms gain share from industry goliaths’

May 22, 2024 admin

Mid-tier IT firms tend to focus on short-term deals aimed at helping clients cut costs rather than chase large-scale projects. Representational | Photo Credit: REUTERS Mid-tier firms in India’s $254 billion IT sector took market share from industry goliaths in recent quarters as clients curtailed discretionary spending amid inflationary pressures and economic uncertainty, analysts said….

Business

Infosys Receives Rs 341 Crore Tax Demand For Assessment Year 2020-21

April 1, 2024 admin

Infosys is the country’s second largest IT services company. (Representational) New Delhi: Infosys has received a tax demand of Rs 341 crore for assessment year 2020-21 from the Income Tax Department, the IT services company said on Monday adding it is evaluating filing an appeal against the said order. The Bengaluru-headquartered company said it is…

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Expecting Refund Of Rs 6,329 Crore From Income Tax Department, Says Infosys

March 31, 2024 admin

Infosys has received assessment orders for subsidiaries as well, totalling Rs 277 crore. (File) New Delhi: Infosys expects a refund of Rs 6,329 crore from the Income Tax Department, the country’s second largest IT services company said. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore, citing various…

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Infosys CEO Salil Parekh Joins US-India Strategic And Partnership Forum Board

February 23, 2024 admin

File photo Washington: Salil Parekh, CEO and managing director at Infosys, has joined the US India Strategic and Partnership Forum as its board of directors. An industry veteran with nearly three decades in the IT services industry, executing business turnarounds and managing successful acquisitions, Mr Parekh in his capacity as Infosys CEO sets the strategic…

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Infosys Asks Some Employees To Return To Office 10 Days A Month: Report

November 1, 2023 admin

“We are very clear that we want to remain flexible with our employees.” India’s No.2 software-services exporter Infosys Ltd has asked some of its employees to work from office 10 days a month, a source familiar with the matter said on Wednesday. The news comes at a time when companies across the globe are reversing…

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On Narayana Murthy’s 70-Hour Work-Week Comment, Ex Infosys CFO Mohandas Pai Says…

October 29, 2023 admin

Narayana Murthy gave examples of how other nations have enhanced their productivity. Infosys founder NR Narayana Murthy’s 70-hour work week comment has sparked a huge debate online. Mr Murthy made the remark on a podcast hosted by former Infosys CFO Mohandas Pai. Now, days after the interview, Mr Pai has shared “interesting data”. He added…

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Narayana Murthy Suggests 70-Hour Work Week To Youngsters, Sparks Debate

October 26, 2023 admin

Narayana Murthy was speaking on a podcast about the next 10-15 years. Infosys founder NR Narayana Murthy has said that India’s work culture needs to change and youngsters should be prepared to work for 70 hours a week if the country has to compete effectively on the global stage. The 77-year-old was speaking to former…

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Mcap of six of top 10 firms jumps ₹70,527.11 crore; Reliance Industries biggest gainer

October 15, 2023 admin

Reliance Industries remained the country’s most valued firm. File | Photo Credit: REUTERS The combined market valuation of six of the top 10 valued firms jumped ₹70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers,…

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