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Deployable AI use cases in big firms very limited: Teleperformance CEO

Deployable AI use cases in big firms very limited: Teleperformance CEO

Julien talked about the hype and reality of artificial intelligence (AI), and the importance of India as well as other new emerging countries in the business
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Surajeet Das Gupta
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For Paris-headquartered business process management giant Teleperformance (now rebranded TP), India accounts for over 20 per cent of its 500,000-strong workforce, and the country is also its most profitable and high-growth market. Teleperfomance Chairman and Chief Executive Officer (CEO) Daniel Julien, who was recently in New Delhi, talked about the hype and reality of artificial intelligence (AI), and the importance of India and other emerging countries in the business, with Surajeet Das Gupta in a video interview. Edited excerpts:
Teleperformance has many top global companies as their clients with whom you work closely. How are they using AI and digital

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Infosys gets huge relief on GST as DGGI closes ₹32,400-crore pre-show cause notice
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The Hindu

time6 hours ago

  • The Hindu

Infosys gets huge relief on GST as DGGI closes ₹32,400-crore pre-show cause notice

In a major relief for Infosys, the Director General of GST Intelligence has closed pre-show cause notice proceedings against the company for financial years 2018-19 to 2021-22 involving a staggering ₹32,403 crore in GST dues. The latest move effectively ends nearly a year-long GST saga for India's second-largest IT services firm. Mid-last year, the goods and services tax (GST) authorities had slapped ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting 2017. The GST demand, in fact, exceeds Infosys's annual profits — Infosys's net profit for full FY25 stood at ₹26,713 crore — and its closure now is bound to come as a significant relief for the tech major. Also Read | After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors The Bengaluru-headquartered company, in a BSE filing, said with the receipt of the latest communication from DGGI "this matter stands closed". 'In continuation to our earlier communications on July 31, 2024, August 1, 2024 and August 3,2024 on GST, this is to inform that the company has today received a communication from the Director General of GST Intelligence (DGGI) closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22,' the company said in the filing late Friday (June 6, 2025) evening. Infosys, which competes with the likes of TCS, Wipro and others for global IT contracts, said it had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under Reverse Charge Mechanism. 'The GST amount as per the pre-show cause notice for this period was Rs 32,403 crore. The company had on August 3, 2024 received a communication from DGGI closing the pre-show cause notice proceedings for the financial year 2017-2018. With the receipt of today's communication from DGGI, this matter stands closed,' Infosys said. Also Read | Nasscom defends Infosys, says ₹32,000-cr. GST notice shows lack of understanding of industry model In July last year, Infosys had informed that Karnataka State GST authorities issued a pre-show cause notice for payment of GST of ₹32,403 crores for the period July 2017 to March 2022 towards the expenses incurred by overseas branch offices of Infosys Ltd, and added that the company has responded to the pre-show cause notice. 'The company has also received a pre-show cause notice from Director General of GST Intelligence on the same matter and the company is in the process of responding to the same,' the filing of July 2024 had said. All along, Infosys maintained that GST is not applicable on these expenses. 'Additionally, as per a recent circular issued by the Central Board of Indirect Taxes and Customs on the recommendations of the GST Council, services provided by the overseas branches to Indian entity are not subject to GST,' Infosys had argued back in July 2024. The tech firm had asserted GST payments are eligible for credit or refund against export of IT services. 'Infosys has paid all its GST dues and is fully in compliance with the central and state regulations on this matter,' the company had contended. The document sent to Infosys by GST authorities at that point had reportedly said, 'In lieu of receipt of supplies from overseas branch offices, the company has paid consideration to the branch offices in the form of overseas branch expense. Hence, M/s Infosys Ltd, Bengaluru is liable to pay IGST under reverse charge mechanism on supplies received from branches located outside India to the tune of Rs 32,403.46 crores for the period 2017-18 (July 2017 onwards) to 2021-22.' The Directorate General of GST Intelligence in Bengaluru had been of the opinion that Infosys did not pay the Integrated-GST (IGST) on the import of services as a recipient of services. For the just-ended March quarter, Infosys reported an 11.7 per cent decline in consolidated net profit to ₹7,033 crore mainly on account of compensation to employees, and acquisitions during the reported period. The company has guided for a revenue growth of 0% to 3% in constant currency terms in the current fiscal year, citing uncertainty in the environment. For the full FY25, profits saw a marginal increase of 1.8% to ₹26,713 crore; revenues climbed 6.06% to reach ₹1,62,990 crore - exceeding its guidance of 4.5% to 5% for the full FY25.

Resilience must be anchored in foundations of development, says PM Modi's Principal Secretary
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Infosys sets up development centre in Gift City with 1,000 employees capacity
Infosys sets up development centre in Gift City with 1,000 employees capacity

Time of India

time13 hours ago

  • Time of India

Infosys sets up development centre in Gift City with 1,000 employees capacity

Infosys announced the inauguration of its new development centre at Gujarat International Finance Tec-City ( GIFT City ) in Gandhinagar on Saturday. "This centre will offer a state-of-the-art facility for over 1,000 employees in a hybrid working model . It will function as a key TechFin hub, delivering advanced digital solutions for global BFSI clients," Infosys said in a statement. Its services will span critical domains including digital banking, regulatory affairs, trade finance, capital markets, cards and payments, as well as risk and compliance management, it added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo The centre will leverage the latest technologies, such as artificial intelligence (AI) and generative AI (GenAI), cloud computing, application programming interface (API), cybersecurity and blockchain, to deliver seamless cross-border digital services and enhance client proximity to strengthen India's position as a global financial technology powerhouse. The centre strengthens the Bengaluru-headquartered IT bellwether's global delivery model. Live Events 'Setting up our development centre in GIFT City is a strategic step aligned with our vision of leading innovation in financial services from within India's foremost international financial hub," said Jayesh Sanghrajka, chief financial officer, Infosys. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The centre is designed as a future-ready hybrid workplace, focusing on enhancing productivity and building social capital among other things.

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