Category: Infosys

Simple, transparent tax system needed: Narayana Murthy

N.R. Narayana Murthy, Founder and Chairman Emeritus of Infosys, said here on Saturday that reducing friction for business and creating an easy-to-comply-with tax system can help shore up the Human Development Index (HDI) of the country. He also called for jailing people who do not pay tax as it is… – Continue reading

Benchmarks trim losses; trade continues in red

Indian equity markets trimmed their losses and continue to trade weak in late morning session on account of selling in frontline blue chip counters. Sentiments remained down-beat with the repot that the Finance Ministry has cut its ambitious disinvestment revenue target by 57% to Rs 30,000 crore for the current… – Continue reading

Markets retain early gains amid a range bound trade

Indian equity markets retaining their early gains were trading in a range in early noon session, on value buying activities by market-participants. Sentiment got boost with the statement of finance ministry that the country will grow by 7.5 per cent in the current fiscal, slightly higher than international rating agency… – Continue reading

Shome, Senapaty, Pai and Bala set up tax think-tank

BENGALURU: Parthasarathi Shome, who is chairman of the Tax Administration Reforms Commission (TARC) of the Union finance ministry, together with and former Wipro CFO Suresh Senapaty, has formed a taxation think-tank that will be based in Bengaluru.  Called International Tax Research Foundation (ITRF), the think-tank will study and understand the… – Continue reading

Infosys’ offshore staff get 6.5% pay hike

Infosys, the country’s second largest IT services exporter, has announced a salary hike of 6.5 per cent for its offshore employees and two per cent for its onsite employees, effective April 1. High performing offshore employees will receive up to 9 per cent hike. This year’s salary hike is almost… – Continue reading

50% of H-1B visas in 2013 went to offshore companies, mostly in India

WASHINGTON, DC: As the US Citizenship and Immigration Services (USCIS) opened its doors to this year’s round of H-1B visa applications, data show that about 50% of last year’s H-1B visas were granted to offshore companies, and the top two of those are based in India – Infosys and Tata… – Continue reading