Infosys , a global leader in next-generation digital services and consulting, is set to receive a substantial tax refund from the Indian Income Tax Department. The company has announced that it expects a refund of ₹2,949.00 crore, pertaining to the assessment years 2016-17 and 2019-20. Additionally, Infosys has recently deployed a unified digital platform to transform HR processes for LKQ Europe across 18 countries.

Tax Refund Details

According to an official intimation filed by Infosys under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company received orders under Section 250 of the Income Tax Act, 1961 from the Income Tax Department, Government of India. These orders, received on March 25 and 26, 2025, for the assessment years 2016-17 and 2019-20 respectively, indicate a refund of ₹2,949.00 crore, including interest.

Financial Implications

Infosys is currently evaluating the implications of these orders on its financial statements for the quarter and year ending March 31, 2025. This significant refund is expected to have a positive impact on the company's financials for the relevant period.

Company's Response

A.G.S. Manikantha, Company Secretary of Infosys, signed the official intimation to the stock exchanges. The company has assured stakeholders that it will provide further updates as it assesses the full impact of this development on its financial statements.

Digital HR Platform for LKQ Europe

In a separate development, Infosys has successfully implemented a unified digital platform to transform HR processes for LKQ Europe, the European automotive aftermarket leader. This solution, powered by Infosys Cobalt, aims to streamline and enhance HR operations across 18 countries. The deployment of this platform showcases Infosys's capabilities in delivering innovative digital solutions to global clients.

About Infosys

Infosys is a global leader in next-generation digital services and consulting, with a workforce of over 300,000 employees. The company operates in more than 56 countries, helping clients navigate their digital transformation journeys. With a strong focus on cloud and AI-powered solutions, Infosys continues to play a significant role in shaping the future of the IT services industry.

As the situation develops, investors and stakeholders will be keenly watching for further announcements from Infosys regarding the utilization and impact of this substantial tax refund, as well as the company's ongoing efforts in digital transformation projects for global clients.

Infosys , a global leader in next-generation digital services and consulting, has taken a significant step towards fostering STEM education and innovation in India. The company's Infosys Springboard initiative has established a state-of-the-art MakerLab at Symbiosis International (Deemed) University in Pune, marking a new chapter in hands-on learning experiences for students.

Bridging the Gap Between Theory and Practice

The Infosys Springboard MakerLab, launched on March 26, 2025, aims to provide students with practical, hands-on experience in Science, Technology, Engineering, and Mathematics (STEM) fields. This initiative is designed to bridge the gap between theoretical knowledge and real-world applications, enhancing students' employability in an increasingly technology-driven job market.

Cutting-Edge Technology Access

The MakerLab offers students access to a wide range of advanced technologies, including:

• Educational DIY kits
• Equipment related to science and electronics
• Robotics and microcontrollers
• Internet of Things (IoT) devices
• Augmented and Virtual Reality (AR/VR) tools
• Drones
• 3D printing technology

This diverse array of resources is aimed at equipping students with the skills needed for Industry 4.0, automation, and digital transformation.

Collaborative Effort and Wider Access

Dr. Vidya Yeravdekar, Pro-Chancellor of Symbiosis International (Deemed) University, emphasized the importance of this collaboration, stating, "Together with Infosys, we are preparing students to excel in a rapidly evolving technological landscape." The lab is not limited to Symbiosis students alone; it is open to students from all Symbiosis schools and colleges, as well as those from nearby educational institutions.

Aligning with National Education Policy

The establishment of the MakerLab aligns with the National Education Policy 2024, focusing on modernizing the educational ecosystem in India. It aims to transform students from passive learners to active creators and problem-solvers.

Industry Perspective

Thirumala Arohi, EVP and Head of Education, Training, and Assessment at Infosys, highlighted the significance of this initiative: "This collaborative initiative will provide students with relevant and necessary hands-on experiences and help advance STEM education in the country. Through this lab, we aim to inspire the next generation of creators and problem-solvers and help in the creation of a future-ready workforce."

Looking Ahead

As Infosys continues to invest in educational initiatives, this MakerLab represents a significant step towards nurturing talent and innovation in India's tech sector. The company's commitment to bridging the skills gap and fostering practical learning experiences aligns well with the evolving needs of the global technology industry.

This initiative by Infosys Springboard not only enhances the learning experience for students but also contributes to the broader goal of creating a skilled workforce capable of tackling the challenges of an increasingly automated and digitized world.