Rs. 70 Lakh Salary ‘Insufficient’ in Canada: Infosys Techie Claims

28 Sep 2024

An Indian-origin techie's candid revelation about being dissatisfied with his Rs. 70 lakh salary in Canada has ignited a viral discussion on social media. He attributed his dissatisfaction largely to the high cost of living in Toronto, where he works for Infosys, and mentioned that nearly $4000 of his income...

Narayana Murthy Faces Backlash for Parenting Remark: ‘Parents Working 70 Hours a Week’

12 Sep 2024

Infosys founder Narayana Murthy has faced criticism on social media for his recent comments on parenting. Speaking at an event in Bengaluru on September 9, Murthy emphasized that parents should create a disciplined environment at home to help their children focus on their studies. He recalled how he and his...

Hurun India Rich List 2024: Infosys’ Kris Gopalakrishnan Tops Narayana Murth

10 Sep 2024

Narayana Murthy, the co-founder of Infosys, and his wife, Sudha Murty, have secured the fifth position in the list of Bengaluru’s richest families, as per the Hurun India Rich List 2024. With a net worth of ₹36,600 crores, Narayana Murthy ranks as the fifth-wealthiest individual in Bengaluru and the 69th...

Cognizant Sues Infosys Over Trade Secrets Theft; Infosys Denies

24 Aug 2024

Cognizant's subsidiary, TriZetto, has filed a lawsuit in a Texas federal court accusing Infosys of illegally accessing its proprietary healthcare insurance software data. The lawsuit alleges that Infosys used this data to develop a competing product, which has sparked a significant legal dispute between the two IT giants. Allegations of...

Infosys Granted ₹3,898 Crore GST Relief For 2017-18 Amidst Larger Tax Notice

04 Aug 2024

Infosys Ltd has been granted a tax relief of ₹3,898 crore for the financial year 2017-18, as detailed in a company filing to the exchanges. The IT giant had previously received a pre-show cause notice from the Directorate General of Goods and Services Tax Intelligence (DGGI) for the period from...

Infosys : Karnataka Government Withdraws GST Pre-Show Cause Notice

02 Aug 2024

Infosys announced on Friday that Karnataka State authorities are retracting the pre-show cause GST notice issued to the company, which had included a tax demand of Rs 32,403 crore. The company shared this update in a filing with the exchange. Infosys stated, "The Company has received a communication from Karnataka...

Over 5 Crore ITRs Filed As Deadline Nears: Income Tax Dept’s Update

27 Jul 2024

The Income Tax Department announced on Saturday that over 5 crore tax returns for the Assessment Year 2024-25 have been filed so far through its e-filing portal, marking an 8% increase from the previous year. On July 26 alone, the portal received 28 lakh ITRs, showing a surge in last-minute...

Infosys Loses Key Executive: Hemant Lamba Resigns

08 Jul 2024

Infosys, the Bengaluru-based IT giant, has announced the departure of Hemant Lamba, its Executive Vice President and Global Head of Strategic Sales. Lamba, a UK-based executive, had been with organization for over seven years before resigning recently. According to a filing with the Bombay Stock Exchange (BSE), Lamba tendered his...

Infosys Likely To Win This Key Government Contract!

28 May 2024

Infosys is poised to secure another significant government contract. According to a report by Money Control, Infosys has emerged as a leading contender for developing the government's upgraded central repository of KYC records, CKYCRR 2.0. Earlier this year, the Central Registry of Securitisation Asset Reconstruction and Security Interest of India...

Infosys Founders Call For Entrepreneurship Focus In New Government Agenda

16 May 2024

Infosys' NR Narayana Murthy and S 'Kris' Gopalakrishnan have called on the incoming government to prioritize fostering entrepreneurship, which they believe will lead to job creation, wealth generation, and higher tax revenue. "They (entrepreneurs) convert an idea into jobs for people, into wealth for themselves and their investors..." The founder...