Page 21 - Infosys
Govt paid Rs 164.5 cr to Infosys for new I-T portal: Chaudhary
The government paid Rs 164.5 crore to Infosys to build the new income tax e-filing portal between January 2019 and June 2021, Parliament was informed on Monday. "The contract for Integrated e-filing & Centralized Processing Centre (CPC 2.0) Project was awarded through an open tender published on Central Public Procurement Portal (CPPP) to Infosys Ltd, the Managed Service Provider on the lowest cost basis. "Since January 2019 till June 2021, the total amount paid to Infosys is Rs 164.5 crore under this project," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. He said the Union Cabinet on January 16, 2019, gave its approval for this project at an outlay of Rs 4,241.97 crore for a period of 8.5 years, including payout to the Managed Service Provider (MSP), GST, rent, postage and project management cost. On June 7 this year, the government launched the new income tax e-filing portal as part of the Integrated e-filing and Centralized Processing .
 "Govt paid Rs 164.5 cr to Infosys for new I-T portal: Chaudhary")
A deeper look at Q1FY22 show of top-4 IT players tells a different story
While Q1 numbers show that the top four players are gearing up to capture the demand, the success of this will depend a lot on how they manage their supply side
 "A deeper look at Q1FY22 show of top-4 IT players tells a different story")
Innovation will be key to benefit multifold from this tech growth: Infy CEO
In a Q&A, Salil Parekh talks about the next phase of growth, sustaining this growth momentum and challenges in the Indian market
 "Innovation will be key to benefit multifold from this tech growth: Infy CEO")
Infosys reopens offices as India Inc eyes long road back to work
The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector
Infosys admitted glitches in I-T portal, resolving them: Finance Ministry
More than 700 e-mails detailing over 2,000 issues in the portal were received, says minister.
 "Infosys admitted glitches in I-T portal, resolving them: Finance Ministry")
Infy sets up Automotive Digital Technology and Innovation Centre in Germany
The new centre brings together automotive and IT experts from across Germany into a space for shared knowledge, skills and innovation
 "Infy sets up Automotive Digital Technology and Innovation Centre in Germany")
Chart check: Trading strategies for Infosys, Wipro and TCS post Q1 results
The current price action of these three stocks needs breakout to gain further traction, suggest charts
 "Chart check: Trading strategies for Infosys, Wipro and TCS post Q1 results")
Sensex, Nifty end at fresh closing high; IT, realty stocks charge ahead
HCL Tech (up over 5 per cent), L&T, Tech M, Hindalco, Wipro, UPL, HDFC Bank, and ITC were the top gainers
 "Sensex, Nifty end at fresh closing high; IT, realty stocks charge ahead")
Infosys hits record high on robust revenue guidance; zooms 103% in one year
Infosys now expects its revenue to grow by 14-16 per cent in FY22, up from the earlier estimate of 12-14 per cent in FY22.
 "Infosys hits record high on robust revenue guidance; zooms 103% in one year")
Stocks to watch: Infosys, Wipro, Titan, Marico, Craftsman Automation,
L&T Technology Services (LTTS) reported an 84 per cent YoY jump in its June quarter net at Rs 216.2 crore, largely on widening margins
 "Stocks to watch: Infosys, Wipro, Titan, Marico, Craftsman Automation,")
Infosys Q1 net profit rises 23%, ups FY22 revenue guidance to 14-16%
'This has been a landmark quarter for us with the company. Q1FY22 saw the fastest growth in the last 10 years,' says CEO Salil Parekh
 "Infosys Q1 net profit rises 23%, ups FY22 revenue guidance to 14-16%")
Top headlines: RBI setback to Mastercard; Infosys Q1 net profit rises 23%
Here are the top stories of the day
 "Top headlines: RBI setback to Mastercard; Infosys Q1 net profit rises 23%")
Infosys says income tax portal functioning 'single largest priority'
Infosys said it is focused on "expeditiously" resolving issues related to the new income tax portal and termed it as the "single largest priority" for the company at the moment.
Infosys Q1 PAT jumps 23% YoY to Rs 5,195 cr; ups FY22 guidance
The company's Q1 consolidated revenue came in at Rs 27,896 crore, up 17.87 per cent YoY, as against Rs 23,665 crore posted in the June quarter of FY21
 "Infosys Q1 PAT jumps 23% YoY to Rs 5,195 cr; ups FY22 guidance")
Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip
In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue
 "Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip")
Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta
ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality
 "Stocks to watch: Infosys, Mindtree, Barbeque-Nation, Torrent Power, Vedanta")
Top headlines: Analysts predict Infosys Q1 results, Zomato allots shares
News about Zomato's share allotment and what analysts are saying about Infosys's Q1 results later today.
 "Top headlines: Analysts predict Infosys Q1 results, Zomato allots shares")
Infosys Q1 preview: PAT likely to grow 27-30% YoY; may up FY22 guidance
Infosys' outlook will be key to watch, with many brokerages penciling in a rise in the company's FY22 revenue guidance
I-T assessments hit as e-filing portal's communication with back-end broken
A host of activities have been stalled on the upgraded e-filing portal; banks seek undertaking from customers for overseas payment
 "I-T assessments hit as e-filing portal's communication with back-end broken")
Officials, Infosys working to resolve glitches in I-T portal: Anurag Thakur
Earlier today, senior Congress leader Shashi Tharoor had slammed the Centre over the reported glitches in the new Income Tax portal
 "Officials, Infosys working to resolve glitches in I-T portal: Anurag Thakur")
