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Infosys (Image used only for representative purpose_

‘Steady rise in usage over last few weeks’: Infosys gives update on tax portal

By hindustantimes.com, New Delhi
PUBLISHED ON SEP 23, 2021 02:08 PM IST
The IT major noted in a statement that more than 30 million users have logged into the portal thus far, while till date, more than 15 million returns have been filed.
The article comes in the backdrop of glitches in the new Income Tax e-filing portal developed by Infosys.(Reuters)
The article comes in the backdrop of glitches in the new Income Tax e-filing portal developed by Infosys.(Reuters)

RSS distances itself from article on Infosys

By HT Correspondent, Hindustan Times, New Delhi
UPDATED ON SEP 06, 2021 02:14 AM IST
“There might be certain issues with a portal run by Infosys, but the article published by Panchjanya in this context only reflects individual opinion of the author,” RSS spokesperson Sunil Ambekar said. 
Indian CEO and managing director of Infosys Salil Parekh at a press conference in Bangalore.(AFP Photo)
Indian CEO and managing director of Infosys Salil Parekh at a press conference in Bangalore.(AFP Photo)

‘Is anti-national...’: RSS-linked weekly attacks Infosys over IT portal glitches

By hindustantimes.com | Written by Kunal Gaurav, Hindustan Times, New Delhi
PUBLISHED ON SEP 04, 2021 07:29 PM IST
  • Panchjanya has carried a four-page cover story on the Bengaluru-based IT services company, with Infosys founder Narayana Murthy’s picture on it, and text which reads 'Saakh Aur Aghaat' (Reputation and Damage).
Infosys has been one of the fastest growing companies in India.(Reuters File Photo)
Infosys has been one of the fastest growing companies in India.(Reuters File Photo)

Infosys hits $100 billion m-cap, fourth Indian firm to reach milestone

By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON AUG 24, 2021 12:12 PM IST
Infosys shares hit a record high on Tuesday and helped it enter the 'Big Four' club. Reliance Industries, Tata Consultancy Services and HDFC Bank are the other firms with a market capitalisation of $100 billion or above.
Union finance minister Nirmala Sitharaman set a deadline for Infosys to resolve issues in the e-filing portal developed by it. (HT File)
Union finance minister Nirmala Sitharaman set a deadline for Infosys to resolve issues in the e-filing portal developed by it. (HT File)

Sitharaman tells Infosys CEO Parekh to resolve IT-portal glitches by Sept 15

Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi
PUBLISHED ON AUG 23, 2021 09:25 PM IST
  • The Union finance minister was concerned about the glitches still being there on the portal despite two and half months since its launch, the Income Tax department said in a statement.
In its memo, Infosys said the country's safety situation seems to be improving, with growing vaccination coverage(REUTERS)
In its memo, Infosys said the country's safety situation seems to be improving, with growing vaccination coverage(REUTERS)

Infosys reopens offices as India Inc eyes long road back to work

Reuters | | Posted by Ayshee Bhaduri, Bengaluru
PUBLISHED ON JUL 21, 2021 09:51 PM IST
  • Infosys stopped short of calling all employees back to work, reflecting wider caution across the sector as Indian officials warn about the looming threat of a third wave of Covid-19 infections.
Profit rose 22.7% in the three months ended June 30 to <span class='webrupee'>₹</span>5,195 crore from a year ago.(REUTERS)
Profit rose 22.7% in the three months ended June 30 to 5,195 crore from a year ago.(REUTERS)

Infosys logs Q1 profit at 5,195 crore, raises revenue forecast for FY22

By Ayushman Baruah, Bengaluru
PUBLISHED ON JUL 15, 2021 06:45 AM IST
  • India’s second-largest software services company now expects revenue to rise 14-16% in constant-currency terms from the 12-14% it forecast three months ago.
Thakur’s response comes after Congress leader Shashi Tharoor said that the government failed to achieve the objective of giving citizens a new income tax portal even after spending <span class='webrupee'>₹</span>4,200 crore.(ANI Photo)
Thakur’s response comes after Congress leader Shashi Tharoor said that the government failed to achieve the objective of giving citizens a new income tax portal even after spending 4,200 crore.(ANI Photo)

‘Finance ministry, Infosys resolving glitches’: Anurag Thakur on new tax portal

By hindustantimes.com | Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi
PUBLISHED ON JUL 06, 2021 04:00 PM IST
  • Thakur said that Union minister for finance Nirmala Sitharaman held a meeting with the officials of Infosys where she told them to repair the glitches with the new IT portal as soon as possible.
Last year, Infosys - India's second largest IT firm - had announced plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years.(Mint/ File photo)
Last year, Infosys - India's second largest IT firm - had announced plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years.(Mint/ File photo)

Infosys sees massive hike in H-1B approval rates, says COO Pravin Rao

PTI | , New Delhi
UPDATED ON JUN 19, 2021 10:49 PM IST
H-1B approval rates for Infosys has significantly increased, says COO
Infosys chairman Nandan Nilekani. (Reuters File )
Infosys chairman Nandan Nilekani. (Reuters File )

Strengthened our talent pool with 19,230 graduates from India, says Infosys

PTI |
PUBLISHED ON JUN 19, 2021 07:25 PM IST
Speaking at Infosys' 40th annual general meeting on Saturday, chairman Nandan Nilekani also noted that the company is well-positioned for another year of "market-leading performance" in a post-pandemic, cloud-first digital era.
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers.(Bloomberg)
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers.(Bloomberg)

5 of top-10 firms add more than 1 lakh cr in m-cap; TCS, Infosys lead gainers

PTI | , New Delhi
PUBLISHED ON JUN 13, 2021 02:21 PM IST
The valuation of Tata Consultancy Services (TCS) jumped by 47,551.31 crore to reach 12,10,218.64 crore, becoming the biggest gainer among the top-10 companies.
Infosys co-founder and chairman Nandan Nilekani. MINT(MINT_PRINT)
Infosys co-founder and chairman Nandan Nilekani. MINT(MINT_PRINT)

Regret initial glitches: Nandan Nilekani responds to Sitharaman on new tax site

By hindustantimes.com | Written by Shivani Kumar | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 09, 2021 07:02 AM IST
  • The new portal (www.incometax.gov.in) went live on Monday evening. It replaced the earlier income tax portal, www.incometaxindiaefiling.gov.in.
The Bengaluru-based company's net profit (after minority interest) was <span class='webrupee'>₹</span>4,321 crore in the January-March 2020 quarter.(File photo)
The Bengaluru-based company's net profit (after minority interest) was 4,321 crore in the January-March 2020 quarter.(File photo)

Infosys net profit rises 17.5% to 5,076 crore in March quarter

PTI | , New Delhi
PUBLISHED ON APR 14, 2021 05:39 PM IST
Infosys expects FY22 revenue to grow 12-14 per cent in constant currency.
An Infosys Ltd. office building in the Electronic City area of Bengaluru. (Bloomberg)
An Infosys Ltd. office building in the Electronic City area of Bengaluru. (Bloomberg)

ArcelorMittal, Infosys announce collaboration for digital transformation

ANI | , Bengaluru
PUBLISHED ON APR 09, 2021 02:40 PM IST
Digital services and consulting major Infosys will help ArcelorMittal to help accelerate the company's digital transformation journey
Australian Open match at Melbourne Park(Twitter)
Australian Open match at Melbourne Park(Twitter)

Australian Open: Tennis Australia, Infosys reimagine digital experience

PTI |
PUBLISHED ON FEB 11, 2021 01:00 PM IST
3D Court Vision allows individuals to watch the ongoing tournament matches in an animated form, with data overlay for each shot.
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore(Reuters)
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore(Reuters)

IT companies eye large deals to boost revenue

, Livemint, Bengaluru
PUBLISHED ON JAN 27, 2021 05:54 AM IST
  • HCL Technologies Ltd said it signed 13 new ‘transformational’ deals in the December quarter, aided by momentum in its digital, cloud, and products and platform segments.
File photo
File photo

Infosys reports nearly 17% rise in third-quarter profit

Reuters |
PUBLISHED ON JAN 13, 2021 04:30 PM IST
Revenue from operations rose 12.3% to 259.27 billion rupees.
Billionaire Mukesh Ambani’s Reliance Industries is the most valuable company with a market value of ₹12.64 lakh crore, followed by Tata Consultancy at ₹10.91 lakh crore.(REUTERS)
Billionaire Mukesh Ambani’s Reliance Industries is the most valuable company with a market value of ₹12.64 lakh crore, followed by Tata Consultancy at ₹10.91 lakh crore.(REUTERS)

Five companies will end 2020 with 5 lakh crore market cap

Livemint, Mumbai | By Nasrin Sultana and Ravindra Sonavane
PUBLISHED ON DEC 26, 2020 03:19 AM IST
Hindustan Unilever Ltd and Infosys Ltd entered the 5 lakh crore market capitalisation club this year, joining Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank Ltd.
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore.(REUTERS)
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore.(REUTERS)

Infosys, Wipro in billion-dollar tech overhaul deals with German firms

Livemint, New Delhi | By Nandita Mathur
UPDATED ON DEC 23, 2020 05:39 AM IST
While Infosys didn’t disclose financial details of the contract with Daimler, a person familiar with the development said the outsourcing deal is worth more than a billion dollars.
A screen on the facade of BSE building displays stock prices.(PTI)
A screen on the facade of BSE building displays stock prices.(PTI)

Sensex extends winning run, closes at record-high of 47,026 points

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON DEC 18, 2020 05:52 PM IST
Infosys was the top gainer in the Sensex pack, rising around 3 per cent, followed by Bajaj Auto, SBI, ICICI Bank, HCL Tech, Titan and Asian Paints.
The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)
The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)

Market capitalisation of eight of top 10 most valuable firms zoom Rs 1.53 lakh crore

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON DEC 13, 2020 12:27 PM IST
The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.
West Bengal Chief Minister Mamata Banerjee.(ANI file photo)
West Bengal Chief Minister Mamata Banerjee.(ANI file photo)

Bengal government to provide tabs to 9.5 lakh students to facilitate online education

Hindustan Times, Kolkata | By HT Correspondent
UPDATED ON DEC 03, 2020 06:59 PM IST
There are around 36,000 government and government-aided secondary schools, around 14,000 higher secondary schools and 636 madrasahs in the state.
The engineering centre for civil aerospace will strengthen Infosys’ existing capabilities in Turbomachinery and Propulsion.(Bloomberg)
The engineering centre for civil aerospace will strengthen Infosys’ existing capabilities in Turbomachinery and Propulsion.(Bloomberg)

Infosys, Rolls-Royce ink strategic partnership for aerospace engineering in India

New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON DEC 02, 2020 02:04 PM IST
Over the past decade, Rolls-Royce established a multidisciplinary engineering centre in Bengaluru, and this has been an integral part of Rolls-Royce Engineering and R&D services.
RIL’s market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.(REUTERS)
RIL’s market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.(REUTERS)

Five of top 10 most valued firms lose together Rs 91,699 cr m-cap; RIL worst hit

New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON NOV 29, 2020 02:26 PM IST
RIL was leading the chart of top-10 most valued firms, followed by TCS, HDFC Bank, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.
FILE PHOTO: A cashier checks rupee notes inside a room at a fuel station in Ahmedabad, India.(REUTERS)
FILE PHOTO: A cashier checks rupee notes inside a room at a fuel station in Ahmedabad, India.(REUTERS)

Retail investment in firms at 11-year high

Livemint, Mumbai | By Nasrin Sultana
PUBLISHED ON NOV 09, 2020 06:50 AM IST
Stocks have rallied in the September quarter as the unlocking of businesses and uptick in economic activity led to a recovery in the overall economy.
Employees walk past an Infosys logo at the campus of Infosys Ltd. at the Electronics City area in Bengaluru.(Bloomberg File Photo)
Employees walk past an Infosys logo at the campus of Infosys Ltd. at the Electronics City area in Bengaluru.(Bloomberg File Photo)

Infosys aligns with carbon goals early

Mint, Bengaluru | By Ayushman Baruah and Sharan Poovanna
PUBLISHED ON OCT 29, 2020 07:45 AM IST
In FY20, nearly 44% of Infosys’s electricity consumption was met through renewable energy sources. The company operates 60MW of captive solar photovoltaic capacity.
Infosys executive Salil Parekh.(Mint)
Infosys executive Salil Parekh.(Mint)

The cloud is the limit, says Infosys executive Salil Parekh

Livemint, Bengaluru | By Ayushman Baruah
UPDATED ON OCT 22, 2020 06:12 AM IST
The pandemic has accelerated the digital transformation of enterprises as companies scrambled to build capacity to support remote work and maintain business continuity amid widespread disruptions, lifting the Bengaluru-based IT services firm’s overall growth.
Infosys has already made three cloud-related acquisitions this year.(Reuters)
Infosys has already made three cloud-related acquisitions this year.(Reuters)

Big IT firms acquire small cos with eye on cloud business

Livemint | By Ayushman Baruah, Bengaluru
UPDATED ON OCT 19, 2020 06:20 AM IST
These smaller specialized firms bring in ready talent and tech capabilities that complement the existing expertise of larger companies such as Infosys Ltd, Wipro Ltd and Cognizant Technology Solutions Corp., which have seen a spike in digital revenues, especially from cloud computing.
Over the past week, Sensex lost 526.51 points or 1.29 per cent(Bloomberg)
Over the past week, Sensex lost 526.51 points or 1.29 per cent(Bloomberg)

6 of top 10 most valued firms’ combined market valuation tumbles over Rs 1 lakh cr

New Delhi | By Press Trust of India | Posted by Ayshee Bhaduri
PUBLISHED ON OCT 18, 2020 07:35 PM IST
Over the past week, Sensex lost 526.51 points or 1.29 per cent. RIL,TCS, HDFC Bank, ICICI Bank, HCL, and Bharti Airtel suffered losses,while HUL,Infosys, HDFC, and Kotak Mahindra Bank were the gainers
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