Page 15 - Infosys

Govt likely to withdraw Infosys $4 billion tax demand after backlash

Authorities last month ordered Infosys to pay the additional amount, arguing that its overseas offices should pay GST dating back to 2017

Govt likely to withdraw Infosys $4 billion tax demand after backlash

Authorities last month ordered Infosys to pay the additional amount, arguing that its overseas offices should pay GST dating back to 2017

Govt open to resolve $3.9 billion tax dispute with Infosys, says report

Authorities are exploring options to settle with companies including Infosys, which last month got hit by a demand for Rs 32,403 crore ($3.9 billion) in back taxes dating back to 2017

NITES files complaint against Infosys over delayed joining of 2k freshers

NITES alleged that despite fulfilling all requirements on their part, these professionals have been kept in limbo for more than two years, causing immense frustration, anxiety, and uncertainty

Infosys could earn over $100 mn from Coca-Cola's cloud deal with Microsoft

IT service providers like Infosys can capture around 15% to 20% of cloud migration deals

Mcap of 7 of top 10 valued firms rises to Rs 1.40 trn; TCS, Infosys lead

The combined market valuation of seven of the top 10 valued firms jumped Rs 1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining nearly 1 per cent. Tata Consultancy Services and Infosys emerged as the biggest gainers in line with an optimistic trend at Dalal Street. Last week, the BSE benchmark rose by 730.93 points or 0.91 per cent following a strong rally on Friday. The market capitalisation (Mcap) of Tata Consultancy Services (TCS) surged by Rs 67,477.33 crore to Rs 15,97,946.44 crore. The valuation of Infosys jumped Rs 36,746.21 crore to Rs 7,72,023.49 crore. The Mcap of Bharti Airtel rallied Rs 11,727.55 crore to Rs 8,45,123.87 crore and that of ICICI Bank by Rs 10,913.96 crore to Rs 8,36,115.19 crore. The valuation of ITC soared Rs 8,569.73 crore to Rs 6,28,399.10 crore and that of Reliance Industries by Rs 5,311.4 crore to Rs 20,00,076.41 crore. Hindustan Unilever added Rs 117.48 crore to take its valuation to Rs 6,45,926.13 crore. However

IIT-Delhi gets notice for Rs 120-cr GST on research funds, given 30 days

The notice demands Rs 120 crore in GST from the premier institute on research funding acquired between 2017 and 2022, as well as interest and penalties

Technology shares in demand; Nifty IT index rises 2%, TCS nears record high

The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.

Govt to not give any relaxation in its Rs 32,000 cr GST demand on Infosys

Shares of Infosys, which were up 1.6% before the news amid a broader market rebound, briefly trimmed gains to about 0.3%

Infosys coded tax network in India, it got a Rs 32,400 cr GST notice

Infosys said Wednesday it has paid all that it is legally required to - and even investors don't believe that India's second-largest software exporter needs to provide for the alleged liability

Stocks to Watch on August 5: Infosys, SBI, Titan, Britannia, Ambuja Cement

At 6:41 AM, GIFT Nifty futures were down 369 points, trading at 24,342.50, suggesting a gap-down start.

Mcap of 8 of top-10 most valued firms slump Rs 1.28 trn; TCS, Infosys lag

Eight of the top-10 most valued firms together lost Rs 1,28,913.5 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards, amid weak trend in equities. The valuation of TCS tumbled Rs 37,971.83 crore to Rs 15,49,626.88 crore, the most among the top-10 firms. The market capitalisation (mcap) of Infosys tanked Rs 23,811.88 crore to Rs 7,56,250.47 crore. ITC's mcap dropped by Rs 16,619.51 crore to Rs 6,11,423.11 crore and that of State Bank of India slumped by Rs 13,431.54 crore to Rs 7,56,717.85 crore. The valuation of Reliance Industries Limited declined by Rs 13,125.49 crore to Rs 20,28,695.57 crore. Bharti Airtel's market valuation went lower by Rs 11,821.5 crore to Rs 8,50,389.88 crore and that of ICICI Bank diminished by Rs 7,843.75 crore to Rs 8,42,176.78 crore. The valuation of Hindustan Unilever dipped by Rs 4,288 crore to Rs 6,32,862.41 crore. However, the mcap of HDFC Bank jumped Rs 32,759.37 crore

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case

Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities

Infosys shares fall in trade on Friday amid GST notice row; check details

On the bourses, Infosys's stock witnessed a decline, falling 1.32% to an intraday low of Rs 1,828.10 per share on the NSE. In comparison, the Nifty IT index dropped 1.64% to a low of 40,038.25 levels.

The tax issue: Karnataka withdraws Infosys notice, Centre may go for review

DGGI to examine if June 26 circular can apply in this case

Karnataka authorities have withdrawn GST tax notice, says Infosys

DGGI sent a notice to Infosys for non-payment of Integrated Goods and Services Tax (IGST) on import services as the recipient of services

Nasscom urges govt to have simple and single interpretation on compliance

Nasscom was reacting to the Rs 32,400 crore goods and services tax (GST) demand from India's second-largest IT services firm, Infosys

After $4 bn GST notice to Infosys, other IT cos may also get under scanner

In serving its highest-ever tax demand on Infosys, the government accused India's second-largest tech services company of evading taxes and sought Rs 32,000 crore

Infosys says it's in full compliance after Rs 32,000 crore GST notice

The company, in a regulatory filing, said that the demand was towards the expenses incurred by its overseas brand offices for the period from July 2017 to March 2022

Infosys gets demand notice for GST evasion of over Rs 32,000 crore

The tax demand relates to services availed by the IT services conglomerate from its overseas branches for five years starting 2017