Infosys, which has its headquarters in Bengaluru, is already setting up similar hubs in the US - its largest market - and expects to hire 10,000 local workers by 2019.
The company had posted a net profit of Rs 3,726 crore in the year-ago period. Its revenue grew 17.3 per cent to Rs 20,609 crore in the said quarter.
The central bank had invited of expression of interest (EOI) in July for identification of solution provider for implementation of CIMS by overhauling the Data Warehouse (DW) of the apex bank.
"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 the 10th meeting of the GoM, held here to review the working of the network.
"We are hiring 1,000 American workers and opening our next technology-cum-innovation hub in the state of Arizona," said the city-based IT firm in a statement here.
Infosys said it will take legal advice for further action on the issue.
"The additional investment of $1.5 million is made through our innovation fund in TidalScale Inc, which is spearheading the software-defined server revolution," said the city-based IT major in a statement here.
On August 18, Ranganath, who has been working with Infosys for close to two decades, resigned in a surprise move that raises questions about stability at the country's second largest IT services firm.
Confirming the news about Ranganath's resignation, a statement from Infosys said that he was moving out to "pursue professional opportunities in new areas".
The first phase of the project will be completed within 15 months from the date of obtaining all statutory clearances.
Revenues from operations of the Bengaluru-based firm grew 12 per cent to Rs 19,128 crore in the April-June quarter compared to Rs 17,078 crore in the year-ago period, Infosys said in a BSE filing.
The country's second-largest IT services firm also asserted that it has sufficient time to file a key US regulatory document -- the subject of a recent whistleblower complaint -- and said the filing will be made "within the stipulated time".
The centre will enable incubation, co-innovation and proliferation of solutions leveraging Microsoft Cloud services.
The top-seven Indian based companies received only 8,468 approved H-1B visa petitions in the financial year 2017, a decline of 43 percent for these companies since the financial year 2015.
Infosys had a total headcount of 2,04,107 people at the end of 31 March, 2018. While the gross addition stood at 12,329 people, the net addition was of 2,416 employees.
However, in terms of YoY comparison, the company’s Q4 profit witnessed a rise of 2.4 % rise and the revenue for the quarter rose 5.6% to Rs18,083 crore.
"We will open our next technology and innovation hub at Harford in Connecticut and hire 1,000 American workers in the state by 2022," said the IT major in a statement.
In a regulatory filing on the BSE, the IT major said consolidated revenue, however, grew 3 per cent annually to Rs 17,794 crore for the quarter under review (Q3) from Rs 17,273 crore in the same period year ago.
"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores. He would be eligible for variable pay of Rs 9.75 crores at the end of the fiscal year," independent board member at Infosys Kiran Mazumdar Shaw said.
The lawsuit against TCS was filed in 2015 by a white IT worker who claimed he was subject to "substantial anti-American sentiment" within the company and was ultimately terminated within 20 months.
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