RSS-Linked Journal Accuses IT Giant Infosys of Allying With 'Naxals, Tukde-Tukde Gang'. Here's Why
3 years, 6 months ago

RSS-Linked Journal Accuses IT Giant Infosys of Allying With 'Naxals, Tukde-Tukde Gang'. Here's Why

News 18  

In an unprecedented attack on IT major Infosys, RSS-affiliated magazine Panchajanya alleged that the Bengaluru-based company may be deliberately trying to destabilise the Indian economy and accused it of helping ‘Naxals, Leftists and tukde tukde gang’. The Sangh-linked magazine was slammming Infosys for issues surrounding the Goods and Services Tax portal and the new Income Tax portal of the government of India. Besides questioning Infosys’ work ethic, the Panchajanya article also alleges that there have been several accusations against the company for financing left-wingers, anti-nationalists, media portals and fact checking pages to create unrest in the country. The new income tax portal ‘www.incometax.gov.in’, which went live on June 7, had a bumpy start since its launch as it continued to face tech glitches including longer logging in time, inability to generate OTP for Aadhaar validation, non-availability of ITRs for past years. Addressing shareholders’ questions on the matter, Infosys said it is deeply concerned with the inconvenience caused by the technical glitches in the new income tax e-filing portal, and that it is working to resolve all the issues at the earliest.

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History of this topic

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore
2 weeks, 4 days ago

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

Live Mint  

Infosys block deal on March 12: Shruti Shibulal, one of Infosys's promoters, acquired additional shares of India's second-largest information technology giant on Wednesday, March 12, through an open market transaction for ₹469 crore. Infosys Q3 Results On January 16, the Sahil Parekh-led tech giant reported a rise of 11.4 per cent in net profit to ₹6,806 crore in the October-December …

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings
Trending News
2 months, 3 weeks ago

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings

Live Mint  

In a first, Infosys Ltd has asked employees to think out of the box and come up with new ideas that can be scaled up and offered to clients as part of a business incubator programme. A core objective of the ‘Be The Next Business Incubator’ programme, which is open to all employees across job levels, locations and subsidiaries, is …

Govt May Withdraw Infosys $4 Billion GST Notice: Report
7 months, 1 week ago

Govt May Withdraw Infosys $4 Billion GST Notice: Report

ABP News  

The government is likely to withdraw its tax demand notice to Infosys, asking them to pay $4 billion in back taxes, following extensive persuasion by the IT giant and significant criticism from the software services sector, according to a Reuters report citing two government sources familiar with the matter. However, the federal finance ministry now believes that the notice contradicts …

No Relief For Infosys As Govt Upholds Rs 32,000 Crore GST Claim: Report
7 months, 3 weeks ago

No Relief For Infosys As Govt Upholds Rs 32,000 Crore GST Claim: Report

ABP News  

The government is not considering any relaxation in the tax demand issued to Infosys last month, citing a government source news agency Reuters reported on Tuesday. The government issued a tax demand of over Rs 32,000 crore to Infosys, pertaining to services received from its overseas branches between July 2017 and the 2021-22 fiscal year. Former Infosys board member and …

Infosys' ₹32,000-crore tax demand not to be relaxed by government: Report
7 months, 3 weeks ago

Infosys' ₹32,000-crore tax demand not to be relaxed by government: Report

Hindustan Times  

The government is not considering any relaxation over the ₹32,000-crore tax demand it sent to Infosys Ltd, news agency Reuters citing sources in the know. The tax demand on Infosys is in accordance to GST rules and the company has sought ten days to submit its response after meeting tax officials, the report claimed. Last week GST authorities slapped a …

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22
7 months, 3 weeks ago

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22

Hindustan Times  

Infosys Ltd has been given a tax relief of ₹3,898 crore for the financial year 2017-18, the IT major wrote in a company filing to the exchanges on Saturday. Infosys Ltd has been given a tax relief of ₹ 3,898 crore for the financial year 2017-18 “The Company had received and responded to a pre-show cause notice issued by DGGI …

Infosys says Karnataka authorities have withdrawn ₹32,403 crore GST tax notice
7 months, 4 weeks ago

Infosys says Karnataka authorities have withdrawn ₹32,403 crore GST tax notice

Hindustan Times  

Infosys informed that Karnataka State Authorities have withdrawn the 'pre-show cause' notice and directed the IT firm to submit a further response to the DGGI central authority on the matter. This comes after India's second-largest IT services company said Karnataka GST authorities slapped a ₹32,403 crore notice. Additionally, as per a recent Circular.issued by the Central Board of Indirect Taxes …

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors
7 months, 4 weeks ago

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors

The Hindu  

Tax authorities may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a ₹32,000-crore tax demand. In serving its highest-ever tax demand on Infosys, the government accused the country’s second largest tech services company of …

Former Infosys CFO Criticises Rs 32,000 Crore GST Demand To Firm; Here's What He Said
7 months, 4 weeks ago

Former Infosys CFO Criticises Rs 32,000 Crore GST Demand To Firm; Here's What He Said

ABP News  

Former Infosys board member and Chief Financial Officer Mohandas Pai has strongly criticised the Rs 32,000 crore Goods and Services Tax demand issued to the software company, describing it as the epitome of 'tax terrorism.' The pre-show cause notice issued by Karnataka State GST authorities demanding the payment of Rs 32,403 crore in GST has caused a major shock, given …

Infosys slapped with ₹32,403 crore GST notice for overseas expenses
7 months, 4 weeks ago

Infosys slapped with ₹32,403 crore GST notice for overseas expenses

The Hindu  

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. The Bengaluru-headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of ₹32,403 crore for the period July 2017 to March 2022 towards the expenses incurred …

Infosys share price falls 1% as company gets ₹32,000 crore GST evasion notice: What IT major said
7 months, 4 weeks ago

Infosys share price falls 1% as company gets ₹32,000 crore GST evasion notice: What IT major said

Hindustan Times  

Infosys shares fell almost 1 per cent today after the IT major received a GST notice citing a ₹32,000 crore tax evasion. The Directorate General of GST Intelligence said that Infosys is “liable to pay IGST under reverse charge mechanism on supplies received from branches located outside India to the tune of ₹32,403.46 crores for the period 2017-18 to 2021-22.” …

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’
7 months, 4 weeks ago

Last-minute ITR filers face glitches galore on income tax portal: ‘Infosys got ₹4,200 crore for this?’

Hindustan Times  

As the deadline for filing income tax returns ends on Wednesday, July 31, many last-minute filers encountered technical glitches on the income tax portal. Many taxpayers tagged software giant Infosys that has developed the income tax portal. I respectfully request that you initiate portal improvements starting tomorrow and ensure a seamless and efficient experience for taxpayers in the next year,” …

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend
8 months, 1 week ago

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend

Hindustan Times  

Infosys raised its revenue growth forecast for the financial year 2024-25 on July 18, raising the growth percentage to 4% from 3% earlier. The IT giant's consolidated revenue grew 7% to ₹39,315 crore for the first quarter of the financial year 2024-25 from ₹37,933 during the previous year. The company had previously revised its yearly revenue growth guidance five times …

‘Ask Infosys team to work at least 1 hour’: Bengaluru CA’s jibe at Narayana Murthy over IT portal glitches
8 months, 2 weeks ago

‘Ask Infosys team to work at least 1 hour’: Bengaluru CA’s jibe at Narayana Murthy over IT portal glitches

Hindustan Times  

Technical glitches in the income tax portal developed by Infosys have led to frustration among chartered accountants. He then wondered whether Murthy could ask his Infosys team to work at least one hour a day so the income tax portal could run smoothly. Ask your Infosys team to work at least one hour per week to smoothly run the income …

Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh
9 months ago

Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh

The Hindu  

Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India's No.2 IT services exporter during a 2020 contract, the country's markets regulator said on Thursday. Mr. Parekh agreed to pay 2.5 million rupees to settle the markets regulator's charge, which related to a contract for Infosys to provide U.S. financial firm …

Infosys gets demand notice of ₹341 crore from income tax department
11 months, 4 weeks ago

Infosys gets demand notice of ₹341 crore from income tax department

Live Mint  

IT giant Infosys said on Monday that it had been issued a tax demand of ₹341 crore by the Income Tax department for the assessment year 2020-21. “Infosys Ltd on March 31, 2024, received order under Section 201 & 201 of the Income Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a …

Taxing Experience: How Infosys-designed I-T Portal Has Been Mired in Glitches since Launch in June 2021
2 years, 9 months ago

Taxing Experience: How Infosys-designed I-T Portal Has Been Mired in Glitches since Launch in June 2021

News 18  

Many users reported problems accessing the I-T portal and thought that it was hacked on June 7. The new e-filing portal, www.incometax.gov.in, which went live on June 7, 2021, had a rocky start, with taxpayers and professionals reporting glitches and difficulties in its operation. This is what happened afterwards: June 2021 The e-filing portal experienced numerous glitches in its operation …

Infosys says some users continue to face difficulties, working to streamline I-T portal experience
3 years, 6 months ago

Infosys says some users continue to face difficulties, working to streamline I-T portal experience

India TV News  

IT major Infosys on Thursday acknowledged that some users continue to experience difficulties in accessing the income tax portal and assured that it is working expeditiously, in collaboration with the Income Tax Department, to further streamline end-user experience. The Bengaluru-based company, which has drawn flak for glitches continuing months after the launch of the portal in June, said it has …

RSS distances itself from Panchjanya article critical of Infosys
3 years, 6 months ago

RSS distances itself from Panchjanya article critical of Infosys

Live Mint  

New Delhi: The Rashtriya Swayamsewak Sangh on Sunday distanced itself from an article critical of Indian software major Infosys that was published in Panchjanya, a magazine associated with the saffron organisation. Shiv Sena leader Priyanka Chaturvedi on Sunday questioned the "silence" of India Inc on the issue months after commerce minister Piyush Goyal's criticism of Tata Sons. "After @PiyushGoyal alleged …

RSS distances itself from Panchjanya article on Infosys
3 years, 6 months ago

RSS distances itself from Panchjanya article on Infosys

The Hindu  

The Rashtriya Swayamsewak Sangh went on record on Sunday to distance itself from an article that appeared in a magazine associated with the organisation, Panchjanya, which alleged that Indian software major, Infosys, was with “anti-national” forces, in the way that it had messed up the government’s Income Tax portal. Sunil Ambekar, the all-India prachaar pramukh of the RSS, took to …

Role of Infosys in India's Development Crucial, 'Panchajanya' Not Mouthpiece of Sangh, Says RSS
3 years, 6 months ago

Role of Infosys in India's Development Crucial, 'Panchajanya' Not Mouthpiece of Sangh, Says RSS

News 18  

Sunil Ambekar, all-India publicity in-charge of RSS, on Sunday sought to distance the Sangh from the Panchajanya-Infosys controversy, saying the role of the IT giant in India’s development was critical. In an unprecedented attack on IT major Infosys, RSS-affiliated magazine Panchajanya alleged that the Bengaluru-based company may be deliberately trying to destabilise the Indian economy and accused it of helping …

Panchajanya attacks Infosys on Income Tax portal glitches
3 years, 6 months ago

Panchajanya attacks Infosys on Income Tax portal glitches

The Hindu  

The issues surrounding the Goods and Services Tax portal and the new Income Tax portal of the government of India, developed by the Bengaluru-based software company Infosys, has come under a scathing attack by the RSS-associated magazine Panchajanya. More interestingly, the article then alleges that the Infosys Trust finances many “Left wing” outfits, including fact checking outfits, media portals, that …

I-T portal glitches: FM Sitharaman sets Sept 15 deadline for Infosys to resolve issues
3 years, 7 months ago

I-T portal glitches: FM Sitharaman sets Sept 15 deadline for Infosys to resolve issues

India TV News  

Finance Minister Nirmala Sitharaman on Monday asked Infosys CEO Salil Parekh to resolve glitches in the new income tax filing portal by September 15. "Hon'ble Finance Minister demanded that the issues faced by taxpayers on current functionalities of the portal should be resolved by the team by 15th September 2021 so that taxpayers and professionals can work seamlessly on the …

Income Tax Return: FM Asks Infosys to fix Glitches of incometax.gov.in by September 15
3 years, 7 months ago

Income Tax Return: FM Asks Infosys to fix Glitches of incometax.gov.in by September 15

News 18  

Finance minister Nirmala Sitharaman on Monday asked Infosys to fix the glitches on the new income tax portal by September 15. Amid various complaints from the taxpayers, finance minister met Infosys managing director and chief executive officer Salil Parekh on Monday to discuss the technical glitches on new income tax e-filing portal. Nirmala Sitharaman took a meeting with Mr. Salil …

Why Infosys Alone Can't be Blamed for Frequent Glitches on Income Tax Filing Portal
3 years, 7 months ago

Why Infosys Alone Can't be Blamed for Frequent Glitches on Income Tax Filing Portal

News 18  

As if India’s image as an investment destination hasn’t suffered enough, the Income Tax department has added its might to make things appear even worse. “Ministry of Finance has summoned Sh Salil Parekh,MD&CEO @Infosys on 23/08/2021 to explain to hon’ble FM as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not …

Finance Ministry summons Infosys CEO Salil Parekh over repeated glitches on Income Tax portal
3 years, 7 months ago

Finance Ministry summons Infosys CEO Salil Parekh over repeated glitches on Income Tax portal

Op India  

Finance Ministry has summoned Infosys Managing Director and Chief Executive – Salil Parekh over troubles with the new income tax e-filing portal. Salil Parekh has been called to appear before the Ministry of Finance on August 23, Monday, to explain to Finance Minister Nirmala Sitharaman “as to why even after 2.5 months since the launch of new e-filing portal, glitches …

Irked by Glitches in New I-T Portal Even After 2.5 Months, Govt Calls Infosys CEO as Taxpayers Fret
3 years, 7 months ago

Irked by Glitches in New I-T Portal Even After 2.5 Months, Govt Calls Infosys CEO as Taxpayers Fret

News 18  

The Ministry of Finance has summoned Salil Parekh, MD and CEO of Infosys, to seek an explanation about why glitches in the new income tax filing portal have not been resolved, an issue flagged by Finance Minister Nirmala Sitharaman. Addressing shareholders’ questions on the matter, Infosys said it is deeply concerned with the inconvenience caused by the technical glitches in …

Infosys Acknowledged Technical Issues in New Income Tax E-filing Portal: FinMin
3 years, 8 months ago

Infosys Acknowledged Technical Issues in New Income Tax E-filing Portal: FinMin

News 18  

Infosys has acknowledged the technical issues in the new Income Tax portal and some of the initial glitches like slow functioning of the portal and non-availability of certain functionalities have been mitigated, Parliament was informed on Tuesday. In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said more than 700 e-mails …

Infosys to resolve major issues with new tax filing portal in a week
3 years, 9 months ago

Infosys to resolve major issues with new tax filing portal in a week

Business Standard  

Infosys to resolve major issues with new tax filing portal in a week Sitharaman asked Infosys to work on the tax portal to make it more "humane and user-friendly" Premium The move comes after FM took cognizance of the problems faced by taxpayers with the I-T portal 2.0, following complaints flooding her Twitter timeline since its launch on June 7 …

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal
3 years, 9 months ago

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday reviewed with Infosys officials the technical glitches that continue to mar the new income tax e-filing portal. “The Income Tax Department said the new portal was aimed at making compliance more taxpayer-friendly, however the technical glitches shall be addressed fast, for convenience of all,” the ICAI statement said. Addressing shareholders' questions on the matter, …

Finance Ministry Calls Meeting With Infosys On Resolving Glitches Of IT Portal
3 years, 9 months ago

Finance Ministry Calls Meeting With Infosys On Resolving Glitches Of IT Portal

ABP News  

The Finance Ministry has called a meeting with information technology major Infosys on June 22 to resolve issues/glitches in the recently launched e-filing portal of the Income Tax Department. Representatives from Infosys team will be present to answer queries, clarify issues and receive inputs on the working of the portal, to remove glitches and sort out issues faced by the …

Infosys regrets glitches, expects system to stabilise during week: Nilekani responds to Sitharaman
3 years, 9 months ago

Infosys regrets glitches, expects system to stabilise during week: Nilekani responds to Sitharaman

India TV News  

Infosys Co-Founder Nandan Nilekani has responded to Finance Minister Nirmala Sitharaman after the latter flagged issues in the new income tax e-filing website asking the technology company to fix the glitches. Infosys has developed the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds. The software major had also …

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation
5 years ago

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation

Firstpost  

New Delhi: The finance ministry has asked Infosys to provide within 15 days a plan for quick resolution of glitches on the GSTN portal, as it took strong note of the “unresolved” problems and “tardy” progress made over the last two years on multiple issues faced by taxpayers in filing returns. On Saturday, Revenue Secretary held a meeting with top …

Infosys shares jump over 5% after company reports 24% rise in consolidated net profit for December quarter
5 years, 2 months ago

Infosys shares jump over 5% after company reports 24% rise in consolidated net profit for December quarter

Firstpost  

New Delhi: Shares of Infosys on Monday jumped over 5 percent after the company reported a 23.7 percent rise in consolidated net profit for the December quarter. Infosys on Friday said its audit committee has found no evidence of financial impropriety or executive misconduct, virtually giving a clean chit to CEO Salil Parekh and CFO Nilanjan Roy who were accused …

Opinion: Infosys may need some private time to fix itself
5 years, 5 months ago

Opinion: Infosys may need some private time to fix itself

Live Mint  

India’s best-known software exporter is facing an impossible trinity of sorts: Out of sales, margins and governance, Infosys Ltd. can hit only two goals at a time. It’s a deja vu moment for co-founder and non-executive Chairman Nandan Nilekani, who returned to the Bangalore-based company two years ago during a previous crisis — sparked by a set of different anonymous …

Infosys clocks 9.8 per cent revenue growth in Q2
5 years, 5 months ago

Infosys clocks 9.8 per cent revenue growth in Q2

Deccan Chronicle  

Mumbai: Infosys, India’s second largest IT services company, delivered stronger second quarter revenue growth than its peer Tata Consultancy Services. The Bengaluru-based firm saw its revenues rise 9.8 per cent to Rs 22,629 crore during the July-September 2019 quarter against Rs 20,609 crore in the year-ago quarter. Infosys also raised the lower-end of its FY20 revenue guidance, and the revised …

Infosys hired 9,100 people in the US between Apr '17-Mar '19
5 years, 9 months ago

Infosys hired 9,100 people in the US between Apr '17-Mar '19

India TV News  

IT major Infosys said it has hired over 9,000 people in the US between April 2017 and March 2019, almost meeting its target of recruiting 10,000 American workers. Infosys Chairman Nandan Nilekani described FY2018-19 as a year of "resolute stability" and said the company has deepened its focus on strengthening its digital capabilities, especially in areas like analytics, cloud, Internet …

Infosys to implement new ITR filing project
6 years, 2 months ago

Infosys to implement new ITR filing project

Live Mint  

New Delhi: IT major Infosys Ltd has been selected to implement the next generation system for processing income tax return filings, with the Union Cabinet sanctioning an estimated ₹ 4,241.97 crore for the project. The Cabinet, chaired by Prime Minister Narendra Modi, gave its “approval to expenditure sanction of ₹ 4,241.97 crore for Integrated E-filing and Centralised Processing Centre 2.0 …

Infosys Q3 results pack a punch
6 years, 2 months ago

Infosys Q3 results pack a punch

Live Mint  

Shares of Infosys Ltd have risen 27% in the past year, outperforming the Nifty IT index’s 18% gain. The constant currency revenue growth of 10.1% from a year ago is notably higher than Street estimates. Importantly, Infosys also revised FY19 growth upwards by about 100 basis points. While the Infosys Q3 results were declared after Indian markets closed on Friday, …

Infosys to design new forms for filing GST returns
6 years, 6 months ago

Infosys to design new forms for filing GST returns

India TV News  

The Goods and Services Tax Network has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi on Saturday. "We have directed Infosys to design new forms as suggested by the GST Council to simplify filing returns by traders on the network," Modi told reporters here after …

Infosys to design new forms for filing GST returns
6 years, 6 months ago

Infosys to design new forms for filing GST returns

The Quint  

Bengaluru: Bihar Deputy Chief Minister and GST Group of Ministers for technology Chairperson Sushil Kumar Modi addresses during a press conference, in Bengaluru on Sept 22, 2018. Bengaluru, Sep 22 The Goods and Services Tax Network has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi …

Infosys looks to reboot under new CEO after stormy 2017
7 years, 3 months ago

Infosys looks to reboot under new CEO after stormy 2017

Live Mint  

New Delhi: Each new year holds the promise of a fresh beginning. With its new CEO Salil Parekh taking charge on 2 January, Infosys will certainly hope to turn the page in the coming year as it seeks to move on from the year-long, public standoff between its high-profile promoters and the past leadership that kept it in the spotlight …

Infosys to configure editing facility in the GST network to enable traders to file returns
7 years, 4 months ago

Infosys to configure editing facility in the GST network to enable traders to file returns

Firstpost  

Software vendor Infosys would configure the editing facility in the GST Network by 20 November to enable traders to file their three-page summary return, said the GST Group of Ministers Chairman Sushil Kumar Modi on Saturday. “Over 2 lakh tax payers were unable to file their summary returns in August and September due to the non-provision of the editing facility …

GSTN glitches: ‘Rapid policy changes’ to blame, says Infosys as traders seek CBI probe against firm for 'dismal performance' of portal
7 years, 4 months ago

GSTN glitches: ‘Rapid policy changes’ to blame, says Infosys as traders seek CBI probe against firm for 'dismal performance' of portal

India TV News  

Dismayed by frequent glitches hampering traders’ compliance to India’s single largest indirect tax reform, the Confederation of All India Traders has demanded a CBI inquiry against Infosys and other companies for the “failure” of the Goods and Services Tax portal despite the large amount of investment and time that has gone into the system. “Some of these modifications have resulted …

Infosys Q2 results: Analysts expect concrete guidance, stability with Nandan Nilekani at helm
7 years, 5 months ago

Infosys Q2 results: Analysts expect concrete guidance, stability with Nandan Nilekani at helm

Firstpost  

Besides answers to the controversies, Infosys stakeholders will be looking at dates for the its Rs 13,000 crore share buyback plan New Delhi: Ahead of Infosys’ second quarter earnings announcement, analysts expect the outcome of the board meeting to reflect on long-term stability in the business along with short-term confidence building measures like date for share buyback and employees salary …

Infosys veterans launch IT solution GSTSTAR for businesses to shift to new tax reform era
7 years, 9 months ago

Infosys veterans launch IT solution GSTSTAR for businesses to shift to new tax reform era

Firstpost  

The GSTSTAR solution is offered both as a standard cloud based self-subscription version and full-scale enterprise version Bengaluru: Infosys veterans on Tuesday launched GSTSTAR, a comprehensive solution catering to Goods and Services Tax regime needs of businesses, professionals and large organisations. Minimum fee will be Rs 500 per month for the standard on cloud version and the on-premise customisable deployment …

Infosys profit up 5 percent raises sales forecast for FY 16-IndiaTV news – India TV
9 years, 8 months ago

Infosys profit up 5 percent raises sales forecast for FY 16-IndiaTV news – India TV

India TV News  

Bengaluru: Infosys Ltd today reported better than expected 5 per cent rise in June quarter net profit and raised its full-year sales growth forecast as business revamp helped it win more IT contracts. The firm, under its first non-founder chief executive, raised sales forecast for the financial year ending March 31, 2016 to 7.2-9.2 per cent in US dollar terms. …

Infosys targets $1 bn revenue in 3-4 yrs from India
15 years, 6 months ago

Infosys targets $1 bn revenue in 3-4 yrs from India

The Hindu  

With its key export market US yet to show any signs of revival, Infosys on Thursday said it would bid for all big government projects in the country and would target a billion dollar revenue from India in the next 3-4 years. We are targeting a billion dollar revenue from the services business in India in 3-4 years time-frame,” Binod …

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