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INFOSYS US PENALTY
Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.- Stocks in news: Infosys, Wipro, Tata Chemicals, Prestige Estates, Tata CommunicationsPrestige Group announced its latest acquisition of 62.5 acres of prime land in Indirapuram Extension, NCR. This strategic acquisition marks...
- Infosys charged $225 penalty by US authority on tax violationOn January 25, the Nevada Department of Taxation sent a communication to the Bengaluru-based software services exporter for collection of p...
- Fearing Biden tax, Indian MNCs go back to the drawing boardWith Biden making announcements to increase corporate tax in the run up to the election, companies are exploring options they might have in...
- US fiscal stimulus will keep IT downside in check: InfosysThe US government’s massive $2-trillion stimulus is expected to provide liquidity to companies, including banking and financial services th...
- Ultratech Cement, ACC, Ambuja Cements fall after SC stays CCI penaltyThe NSE Nifty50 index was trading 138 points down at 10,461 around 11:30 am.
- Infosys' settlement move with SEBI fine: Mohandas PaiThe chairman of Aarin Capital and also Manipal Global Education Services stressed that consent decrees are a very normal part of any capita...
- Infosys director Ravi Venkatesan violates company's insider trading norms inadvertentlyThe trade was made by Venkatesan's fund manager for all his clients. Infosys said the trade was brought to the attention of its compliance ...
- Silence of TCS management heightens growth uncertainty in the wake of fine slapped by US juryThis at a time when the company’s growth has decelerated compared to Infosys for first time since FY10. TCS revenue grew 7.1% in FY16 slowe...
- Infosys builds homes for flood victims, but gets tax noticeInfosys and Karnataka govt have locked horns over the latter's tax notice on the houses the software firm built for those displaced by the ...
- No single government project where Infosys has not lost money: N R Narayana MurthyInfosys, country's second largest software services firm, has not made any profit on government projects because of red-tapism and other is...
- Corporate India’s legal costs increase 17.5% in 2013-14Reliance Industries Ltd. continued to be the largest legal spender in India, with its expenses increasing 35% from a year earlier to Rs 1,1...
- Infosys rejects claims of hiring discrimination in USInfosys rejected allegations by an American job applicant that she was not hired for a position in the US because of her nationality.
- Infosys faces discrimination lawsuit in the USThe class action suit against Infosys alleges that its hiring policies discriminate against American workers in favor of those of South Asi...
- Infosys' visa-related costs jump over 50% at Rs 308cr in FY'13Difficult visa norms are adversely impacting the operating margins of the Indian IT players, who get close to 80% of their revenues from US...
- Infosys, Wipro turn to Ernst & Young in order to avert lawsuitsThe need to reassess internal procedures has come about after a series of incidents in which employees of Indian software firms sued them a...
- Nasscom concerned over US visa probe on Indian companiesNasscom has expressed concern over recent probe by the US against some Indian companies, including Infosys, on allegations of violating vis...
- Infosys to step up US hiringInfosys Technologies will hire more local citizens in the US to overcome the risks from changes in the nation’s visa policy, said CEO S Gop...
- Infosys fines its CEO for violating insider trading rulesBesides the CEO, an independent director, Jeffrey Lehman, also has been fined $2,000. IP address could ruin your life | Writing on the digi...
- Post-training poaching drains IT cosAnd this isn’t just about Infosys. It’s a dilemma facing the entire IT & BPO sector.
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