Infosys Shares Rise as Rs 32,403 Crore Tax Matter Concludes
Infosys announced the closure of a significant tax matter involving Rs 32,403 crore for fiscal years 2018-19 to 2021-22. The Director General of GST Intelligence (DGGI) concluded pre-show cause notice proceedings, marking a crucial milestone for the company. Infosys confirmed receiving official communication from DGGI about the closure. The market responded positively, with Infosys shares climbing 1.13%.
Infosys Concludes GST Proceedings with DGGI, ₹32,403 Crore Pre-Show Cause Notice Closed
Infosys has closed pre-show cause notice proceedings with the Directorate General of GST Intelligence (DGGI) regarding Goods and Services Tax (GST) matters. The inquiry, covering financial years 2017-18 to 2021-22, focused on non-payment of Integrated GST under the Reverse Charge Mechanism. The resolution involves a substantial amount of ₹32,403.00 crore that was under examination. This closure indicates that Infosys has satisfactorily addressed DGGI's concerns, with no further action expected.
05Jun 25
Infosys Partners with French Tennis Federation to Revolutionize Roland-Garros Fan Experience
Infosys has announced a collaboration with the French Tennis Federation to enhance the fan experience at Roland-Garros 2025 using AI technology. The partnership will introduce AI-powered commentary, virtual venues, and creative contests to improve engagement for both in-person and remote fans. This initiative aims to transform how tennis enthusiasts interact with the prestigious Grand Slam tournament through innovative digital experiences.
02Jun 25
Infosys Reports FY25 Results: Headcount at 323,578, Lowers FY26 Revenue Forecast, Adds New High-Value Clients
Infosys released its FY25 financial results, showing a total employee count of 323,578 and 15,000 new graduate hires. Q4 results fell short of expectations with ₹7,033.00 crore net profit and ₹40,925.00 crore revenue. The company revised its FY26 revenue growth forecast down to 0.0-3.0% from 4.5-5.0%. Despite challenges, Infosys added two new $50 million+ clients, bringing the total to 85, and secured $11.60 billion in large deals for FY25.
30May 25
Infosys BPM Revolutionizes Finance and Accounting with New AI Agents
Infosys BPM, a subsidiary of Infosys, has introduced AI agents to transform finance and accounting services. These AI-powered tools aim to enhance efficiency, accuracy, and analytical capabilities in financial operations. The move is expected to revolutionize the industry by automating complex processes, reducing errors, providing deeper insights, and enabling scalability. This innovation positions Infosys BPM at the forefront of digital transformation in finance and accounting outsourcing.
29May 25
Infosys Boosts AI Capabilities with Launch of 200+ Enterprise AI Agents
Infosys has introduced over 200 enterprise AI agents as part of its Infosys Topaz AI offerings, developed in partnership with Google Cloud. This strategic move significantly expands Infosys' AI capabilities and services, aiming to provide comprehensive AI solutions to enterprise clients. The AI agents are expected to assist in areas such as process automation, data analysis, customer service, decision-making, and predictive maintenance.
Infosys Unveils Agentic AI Foundry, Boosting Its Artificial Intelligence Capabilities
Infosys has announced the launch of its new Agentic AI Foundry, marking a significant advancement in its artificial intelligence initiatives. While specific details are yet to be revealed, this development suggests a focus on autonomous, goal-oriented AI systems. The move is expected to enhance Infosys' AI offerings, provide a competitive edge, drive innovation, and attract top talent in the AI field. This initiative underscores the growing importance of AI in the tech industry and Infosys' proactive approach to emerging technologies.
27May 25
Infosys Declares Generous Final Dividend of ₹22 per Share for FY25
Infosys Limited has declared a final dividend of ₹22 per share for FY25, representing a 440% payout on each equity share with a face value of ₹5. The record date is set for May 30, 2025, with payment scheduled for June 30, 2025. The current dividend yield stands at 3.10%, signaling strong financial performance and commitment to shareholder returns.
21May 25
Infosys Partners with LogicMonitor to Boost IT Infrastructure Management
Infosys has announced a strategic collaboration with LogicMonitor to improve business performance and IT operations reliability. The partnership aims to leverage LogicMonitor's IT infrastructure monitoring expertise and Infosys' digital transformation experience. Key objectives include transforming business performance, enhancing IT operations reliability, and improving monitoring capabilities with real-time insights. This collaboration could expand Infosys' service offerings, allowing for more comprehensive infrastructure management solutions for its global clients.
21May 25
Infosys Expands Global Footprint: Bank of Sydney Adopts Finacle Digital Banking Suite on AWS Cloud
Infosys has secured a significant contract with the Bank of Sydney, which has subscribed to Infosys's Finacle Digital Banking Suite. The suite will be deployed on the Amazon Web Services (AWS) cloud platform, marking a strategic move for both entities. This collaboration enhances Bank of Sydney's digital banking capabilities while reinforcing Infosys's position in the global banking sector. The cloud-based deployment aligns with industry trends, offering benefits such as improved scalability, enhanced security, and reduced infrastructure costs.
15May 25
Infosys Extends Strategic Partnership with DNB Bank ASA to Accelerate Digital Transformation
Infosys has announced an extension of its strategic collaboration with DNB Bank ASA, Norway's largest financial services group. This partnership aims to accelerate DNB's digital transformation efforts, enhancing its technological capabilities and digital services. The collaboration is expected to improve customer experiences, increase operational efficiency, and potentially strengthen DNB's market position in the Nordic banking sector. While specific details are not disclosed, this partnership underscores Infosys' strong position in delivering digital transformation solutions to major global banks and its focus on expanding its presence in the European market.
14May 25
Infosys Completes 2% Stake Sale in HIPUS to Mitsubishi Heavy Industries
Infosys has completed the sale of a 2% stake in HIPUS, a joint venture in Japan, to Mitsubishi Heavy Industries (MHI) on May 14, 2025. This strategic move, announced on April 17, 2025, aims to strengthen Infosys' presence in the Japanese market. The sale is expected to support Japanese enterprises with digital solutions and optimize partnerships in one of the world's largest technology markets. Financial terms were not disclosed.
08May 25
Infosys Subsidiary in Mexico Voluntarily Liquidated
Infosys has announced the voluntary liquidation of its Mexican subsidiary, IN-TECH Automotive Engineering de R.L. de C.V. This decision is likely part of Infosys' strategy to streamline global operations and optimize its international presence. While specific reasons weren't disclosed, such moves often aim to improve operational efficiency, shift market focus, or restructure business operations. Given Infosys' vast global presence, this liquidation of a single subsidiary may not significantly impact its overall operations.