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.