Infosys Share Price Live Updates: Infosys wraps up at Rs 1553.8
04 Jun 2025 | 08:45:18 AM IST Stay informed with the Infosys Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Infosys, including: Last traded price 1543.0, Market capitalization: 640848.55, Volume: 6853403, Price-to-earnings ratio 23.99, Earnings per share 64.32. Our liveblog combines fundamental and technical insights to provide a holistic view of Infosys's performance. Stay ahead of the market with breaking news that can influence Infosys's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Infosys Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 08:45:18 AM IST, 04 Jun 2025 Show more
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Time of India
2 hours ago
- Time of India
It's a first! Infosys launches cash reward policy for employees who help with hiring; staff to earn Rs 700 per interview
The scheme awards 700 points (Rs 700) for each interview conducted. (AI image) Infosys , India's second-largest software company, has launched a new initiative offering cash rewards to senior staff members who participate in lateral recruitment interviews, aiming to enhance staff engagement. The Bengaluru-based IT firm has introduced this incentive-driven scheme for the first time. The cash benefits are restricted to recruitment within India. This initiative recognises staff contribution to the interview process during a period when the IT industry is prioritising lateral recruitment over campus placements. A staff member indicated that this initiative aims to motivate team managers and mid-level leadership to acquire external talent and encourage employees to connect with high-calibre candidates. The scheme awards 700 points (Rs 700) for each interview conducted. Staff members can claim rewards for interviews dating back to January 1, as the programme is being implemented with retrospective effect, according to sources who spoke to ET. At the organisation, technical professionals including track leads, architects and project managers at job levels 5 and 6 (JL5 & JL6) regularly conduct 2-3 rounds of interviews with candidates selected by the talent acquisition team for lateral recruitment, before proceeding to the HR stage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pinga-Pinga e HBP? Tome isso 1x ao dia se tem mais de 40 anos Portal Saúde do Homem Clique aqui Undo Also Read | Infosys staff gets bonus letters; most employees get just 50% payout, some receive 70% Under Salil Parekh's leadership, Infosys organises recruitment sessions during weekends, attracting numerous applicants. During these events, staff members can conduct 10-15 interviews daily, evaluating candidates' proficiency in software technologies including Python, Java, Machine Learning, DevOps, and others. The monetary incentive serves to boost interview participation. The organisation has not included HR personnel, talent acquisition staff, contractors and senior leadership positions from participating in the incentive scheme. The reward cannot be claimed for cancelled interviews or when candidates fail to appear. The $280 billion software services industry faces a scarcity of skilled professionals, particularly in AI, whilst dealing with growth challenges caused by declining global demand and trade conflicts in primary markets. The initiative was introduced to address concerns among employees who received modest salary increases of 5-8% for FY24, coupled with reduced performance bonuses for the March quarter. "Earlier, we did not get any such cash incentive for interviews done. In fact, the company gave us compensatory leaves for the interviews conducted at the campus over the weekends," the employee said. Although this practice isn't widespread, several prominent and medium-sized technology organisations, including Honeywell, Accenture and Sonata Software, provide monetary and non-monetary benefits to motivate staff participation in interview panels, ensuring the recruitment of top industry talent. Also Read | Apple's biggest contract manufacturer Foxconn readies 300-acre iPhone making campus in India with dorms for 30,000 employees Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
9 hours ago
- Time of India
Infosys gets relief as DGGI closes Rs 32,403 crore GST notice
Infosys , India's second-largest IT services firm, has received a closure in the goods and services tax (GST) demand notice for over Rs 30,000 crore. Infosys said it had received communication from the Directorate General of GST Intelligence (DGGI) 'closing' the pre-show cause notice proceedings for the financial years 2018–19 to 2021–22. 'With the receipt of today's communication from DGGI, this matter stands closed, the Bengaluru IT major said in a regulatory filing late evening on Friday. The closure report comes after the Karnataka State GST authorities in July last year had sent a Rs. 32,403 crore notice for non-payment of GST under the reverse-charge mechanism for services imported from its foreign branches during the period spanning July 2017 to March 2022. This amounted to 85% of its revenue for the quarter ended June 30 in FY25. Live Events In July and August 2024, Infosys said it had received and responded to the notice issued by DGGI. 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 After the notice, the NR Narayana Murthy-founded company had said it paid all its dues and is in compliance with central and state regulations. In a separate regulatory filing on Friday to the NSE, the company said: 'It may be noted that the Company 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 Company had on 3 August 2024 received a communication from DGGI closing the pre-show cause notice proceedings for the financial year 2017–18,' the company further said in the Friday filing. In the notice last year, the DGGI had stated that as the company creates overseas branches to service clients as part of its agreement with the clients, those branches and the company are each treated as 'distinct persons' under the IGST Act. "Thus, 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 GST under the reverse charge mechanism on supplies received from branches located outside India,' said the notice sent last year.
Economic Times
9 hours ago
- Economic Times
Infosys gets relief as DGGI closes Rs 32,403 crore GST notice
Infosys, India's second-largest IT services firm, has received a closure in the goods and services tax (GST) demand notice for over Rs 30,000 crore. Infosys said it had received communication from the Directorate General of GST Intelligence (DGGI) 'closing' the pre-show cause notice proceedings for the financial years 2018–19 to 2021–22.'With the receipt of today's communication from DGGI, this matter stands closed, the Bengaluru IT major said in a regulatory filing late evening on Friday. The closure report comes after the Karnataka State GST authorities in July last year had sent a Rs. 32,403 crore notice for non-payment of GST under the reverse-charge mechanism for services imported from its foreign branches during the period spanning July 2017 to March 2022. This amounted to 85% of its revenue for the quarter ended June 30 in FY25. In July and August 2024, Infosys said it had received and responded to the notice issued by DGGI. After the notice, the NR Narayana Murthy-founded company had said it paid all its dues and is in compliance with central and state regulations. In a separate regulatory filing on Friday to the NSE, the company said: 'It may be noted that the Company 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 Company had on 3 August 2024 received a communication from DGGI closing the pre-show cause notice proceedings for the financial year 2017–18,' the company further said in the Friday the notice last year, the DGGI had stated that as the company creates overseas branches to service clients as part of its agreement with the clients, those branches and the company are each treated as 'distinct persons' under the IGST Act."Thus, 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 GST under the reverse charge mechanism on supplies received from branches located outside India,' said the notice sent last year.
