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GST authorities have issued a Rs 32,403 crore notice on Infosys for services availed by the company. New Delhi: Apex IT association Nasscom on Thursday came out in support of Infosys — which is facing a Rs 32,403 crore GST notice, saying that the move reflected a lack of understanding of the industry’s operating model….
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GST authorities have slapped a ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years. File | Photo Credit: Reuters GST authorities have slapped a ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting in 2017. Infosys,…
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Representational image of the Indian flag | Photo Credit: AP The first major multi-stakeholder coalition in India focused on the responsible development and deployment of AI technology, the Coalition for Responsible Evolution of AI (CoRE-AI), was created this week, bringing together over 30 key stakeholders in the tech space with a focus on fostering innovation…
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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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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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….
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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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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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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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“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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