Page 7 - Infosys

GST breather for Infosys: DGGI closes ₹32,400 cr pre-show cause notice

The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing. With the receipt of the communication from DGGI, "this matter stands closed", India's second-largest IT company Infosys said. "In continuation to our earlier communications on July 31, 2024; August 1, 2024, and August 3, 2024, on GST, this is to inform that the company has today received a communication from the Director General of GST Intelligence (DGGI), closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22," the company said in a filing late Friday evening. Infosys said it had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under the Reverse Charge Mechanism. "The GST amount, as per the pre-show cause notice for this period, was Rs .

Infosys gets relief as DGGI drops Rs 32,403 crore GST demand notice

Infosys said it has received official communication from the GST intelligence authority closing pre-show cause proceedings for financial years 2017-18 to 2021-22

Nandan Nilekani commits second multi-year grant to AI4Bharat at IIT Madras

Nandan Nilekani backs AI4Bharat's mission to build open-source AI infrastructure for Indian languages, advancing digital inclusion through language accessibility

Infosys launches AI-powered features for fans at Roland-Garros 2025

Infosys is using agentic and generative AI to create interactive, personalised fan experiences at Roland-Garros 2025, to enhance overall viewer engagement

India's IT giants can't afford to sit out the AI race, says senior official

Infosys, TCS ramp up GPU investments and staff upskilling to pivot from service delivery to proprietary AI products. "Surviving without AI will be very difficult," says MeitY's Abhishek Singh

Tariffs, AI unleashing unprecedented uncertainty: Infosys chairman Nilekani

Nilekani cautioned that tariffs, which have become a lightning rod across the globe for their impact on various industries, are underscoring the need for companies to diversify their sourcing

Infosys CEO Salil Parekh's salary rises nearly 22% to Rs 80.6 crore

One of the reasons for Parekh's high salary for FY25 is restricted stock units (RSUs). Parekh exercised higher RSUs in FY25

Infosys CEO's compensation rise 22%; among highest paid Indian IT chiefs

Infosys CEO Salil Parekh's pay rose to ₹80.58 crore in FY25, despite slow growth in the IT industry

Infy, TCS, HCLTech: IT stocks staring at further losses; hint tech charts

Technical outlook on IT stocks: Infosys, TCS HCL Technologies and Tech Mahindra may slip up to 9% from present levels, suggest charts.

Infosys unveils over 200 AI agents under Topaz in Google Cloud tie-up

Infosys launches over 200 enterprise AI agents with Google Cloud to automate complex workflows, enhance efficiency, and drive AI-led digital transformation across industries

IT stocks shine: Nifty IT rises 2% as US Federal court blocks Trump tariffs

IT stocks jumped in trade after a US federal court on Wednesday (local time) blocked President Donald Trump from imposing broad tariffs on imports under an emergency-powers law.

Dividend, bonus, rights issue: Bajaj Finance, Infosys, 14 others in focus

According to data from the BSE, Angel One has declared a final dividend of ₹26 per share, Bajaj Finance ₹44 per share, and Infosys ₹22 per share

Dividend stocks: Infosys, ITC, Trident, 17 others to go ex-date next week

Here is the complete list of stocks along with their key details that will remain in focus as they trade ex-dividend during next week

Infosys asks Bengaluru employees to work from home due to heavy rain

In an internal email, Infosys stated that employees may choose to work from home in coordination with their respective managers, given the forecast of continued heavy rainfall over the next 24 hours

India's tech capital, Bengaluru, still has no answer to rain woes

The city received about 103 millimetres of rainfall over the past 24 hours, according to reports by the India Meteorological Department

LIC portfolio recovers ₹1.8 trillion amid market rebound from April lows

LIC's top equity holding in terms of value, Reliance Industries (RIL), has been one of the biggest contributors in its portfolio, with the stock's 25 per cent surge adding ₹26,515 crore in value

What’s behind Infosys’ surprise bonus cut?

India’s second-largest IT giant, Infosys, has rolled out performance bonuses for the fourth quarter of FY25, but the numbers aren’t exactly making headlines for the right reasons.

Infosys trims variable bonus payment to 65%, cites business condition

Most IT services companies expect near-flat growth in FY due to macroeconomic uncertainty

Infosys rolls out 65% average bonus for Q4FY25 amid macro challenges

India's second-largest IT services company Infosys has rolled out a bonus payout averaging 65 per cent for Q4 FY25, according to sources. An email sent to Infosys did not elicit a response. According to a source, Infosys has rolled out an average bonus payout of 65 per cent for Q4 FY25, considering the "macroeconomic factors". The source, however, pointed out that this is an average and that top performers will be given a higher payout. Infosys had posted an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter. The profit (attributable to owners of the company) was at Rs 7,969 crore in the year-ago period.The company has guided for a revenue growth of 0-3 per cent in constant currency terms in the current fiscal year. Revenues for the quarter under review came in at Rs 40,925 crore, 7.9 per cent higher from Rs 37,923 crore in Q4 FY24. Sequentially, the company's profits rose 3.3 per cent, but revenues declined 2 per cent. For the full year FY2

Infosys rolls out 65% bonus for Q4 FY25, down from previous quarters

Infosys distributed an average a bonus of 80 per cent in Q3 FY25, and 90 per cent in Q2 FY25, Moneycontrol reported