Page 46 - Infosys

Govt mulls extending April GST payment deadline; asks Infosys to fix glitch

As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed Infosys for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal. "Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest," the CBIC tweeted. GSTR-2B is an auto-drafted Input Tax credit (ITC) statement which is available to every GST registered entities based on the information furnished by their suppliers in their respective sales return form GSTR-1. GSTR-2B statement is usually made available to businesses on the 12th day of succeeding month, based on which they can claim ITC while paying taxes and filing GSTR-3B. GSTR-3B is filed in staggered manner between 20th, .

In struggle to get employees back to office; companies tread cautiously

In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required

Infosys hits over 10-month low; stock down 14% in a month

In the past one month, the stock of information technology (IT) major has declined 14 per cent after operating performance missed estimates in March quarter (Q4FY22).

Quarterly appraisals, mass hiring: How India Inc is tackling attrition

Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.

Infosys case: Sebi levies Rs 1 lakh fine on individual for violating norms

Capital markets regulator Sebi on Tuesday imposed a fine of Rs 1 lakh on an individual for violating the model code of conduct in a case related to shares of Infosys Ltd.

75% of Nifty50 stocks trade below 200-DMA; look weak on the charts

Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)

F&O Strategy: Nandish Shah recommends a Bull spread on Infosys

The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.

Drone maker ideaForge raises $20 mn in Series B from Florintree, Infosys

Qualcomm, Infina and Exim Bank also participated in the funding round for company that serves Indian security forces

Billionaire tech pioneer Nilekani takes on Amazon, Walmart in India

India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals there

TCS, Infosys come to terms with reality of real-time recruiting

The process runs unabated on a loop for large parts of the year, aided by online platforms

Mcap of 8 of top-10 most valued companies tumble Rs 2.21 trillion

Eight of the top-10 most valued firms together lost Rs 2,21,555.61 crore from their market valuation last week, with Infosys and HDFC Bank suffering the biggest hit.

TMS Ep156: Non-compete clause, AYUSH, markets, Russia's foreign default

Is invoking a non-compete clause to retain employees right? Will India become a hub for traditional healing? What are investors thinking about the market? Why foreign defaults await Russia? Allnswers

Is invoking a non-compete clause by Infosys a right move?

A workers' union has shot off a letter to the govt alleging Infosys of using a non-compete clause to prevent employees from joining rival firms. What's behind the clause? Can it set a wrong precedence

13-15% growth guidance strongest for Infosys: MD & CEO Salil Parekh

Infosys Chief Executive Officer and Managing Director Salil Parekh said the guidance of 13-15 per cent is the strongest ever for the company at the start of a financial year (2022-23)

NITES files complaint against Infosys over employment clause for staffers

NITES has raised a complaint against IT giant Infosys with the Centre over the contract guidelines for restricting former employees from working with competitor

Ukraine crisis hasn't impacted demand among European clients: Infy CEO

Infosys has said that the situation in Ukraine has not impacted the demand environment when it comes to European clients, and the company will see over the next few quarters on how things pan out.

Mindtree shares pare early gains; tumble nearly 9% on profit-taking

In early trade, the stock had climbed 3% after the company registered a 49.1% jump in consolidated net profit in the fourth quarter of FY22

BSE IT index sheds 4.76% in biggest single-day drop in nearly two years

Infy's weak numbers triggers selloff in other IT shares

Sensex sinks 1,172 pts, Nifty below 17,200; Infosys tanks 7%, HDFC Bank 5%

CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment

Sensex tanks 1,172 points in trade today; Key reasons behind the sharp fall

In Monday's early trade, the two frontline indices dropped 2 per cent each as IT major Infosys and banking giant HDFC Bank plunged sharply on disappointing Q4 performance