PM Modi inaugurates 806-bedded Infosys-Foundation made 'Vishram Sadan' at Jhajjar
India | October 21, 2021 11:54 ISTVishram Sadan has been constructed by the Infosys Foundation at a cost of about Rs 93 crore.
Vishram Sadan has been constructed by the Infosys Foundation at a cost of about Rs 93 crore.
The net profit, which is 4.4 pc higher than the preceding June quarter, came on the back of broad-based growth across verticals and geographies, strong revenue contribution from the Daimler deal, and higher adoption of digital transformation by clients.
Pravin Rao will be stepping down soon, and December 11 will be his last day in the company.
The Bengaluru-based company, which has drawn flak for glitches continuing months after the launch of the portal in June, said it has seen steady increase in usage over the last few weeks, and over 3 crore taxpayers have logged into the portal and successfully completed various transactions.
The shares were bought back at a volume-weighted average price of Rs 1,648.53 per equity share, according to public notice.
The new income tax e-filing portal developed by Infosys was launched on June 7 in a bid to ease the tax filing process and expedite the refund issue. However, taxpayers have been facing several problems in using the portal since its inception.
In a tweet, Income Tax India on Sunday wrote, "Ministry of Finance has summoned Salil Parekh, MD & CEO @Infosys on 23/08/2021 to explain to Finance Minister Nirmala Sitharaman as to why even after 2.5 months since the launch of new e-filing portal, glitches in the portal have not been resolved. In fact, since 21/08/2021 the portal itself is not available."
IT major Infosys on Saturday said it has seen approval rates for its H-1B visa applications in the US increase significantly starting from the first quarter of FY21.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping USD 100 billion mostly in salaries annually, says a report.
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.
Finance Minister Nirmala Sitharaman on Tuesday asked Infosys and its Chairman Nandan Nilekani to fix technical glitches being encountered on the income tax department's new e-filing website, after users flooded her Twitter timeline with complaints.
Mahindra group chairman Anand Mahindra and Infosys co-founder Nandan Nilekani have zeroed in on 'TecHalli' as the new title for Bengaluru, days after the former asked the Twitterati to suggest new a title for the tech city, instead of calling it the 'Silicon Valley of India'.
Infosys co-founder S D Shibulal on Wednesday purchased shares worth Rs 100 crore of the IT major through an open market transaction.
In an email to employees, Infosys CEO Salil Parekh said the company has established vaccination centres for employees and their families at seven of its development centers (DC) across the country, and work is in progress to establish them in other DCs.
Infosys said that it will provide critical training and mentoring opportunities for the fresh hires.
Equity benchmark indices traded flat during early hours on April 15 amid an interplay of resurgence in COVID-19 cases and the pace of vaccination. Investors tracked updates on the vaccines approval and prediction of a normal monsoon season across the country despite mixed global cues. At 10:15 am, the BSE S and P Sensex was down by 204 points or 0.42 per cent at 48,340 while the Nifty 50 edged lower by 40 points or 0.28 per cent to 14,465.
As per the company statement, it aims to hire 24,000 freshers from India and 2,000 foreigners. The freshers will be engaged in compensation cycles which will be effective July 2021
Infosys share buyback: Infosys has fixed buyback price at Rs 1,750 apiece.
Infosys has posted a 17.5 per cent rise in net profit to Rs 5,076 crore in the fourth quarter. The IT major has announced up to Rs 9,200 crore buyback offer.
Share of IT major Infosys on Monday hit a 52-week high of 1,477.55 on the NSE on account of buyback news.
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