Infosys latest news

 *Financial News Bulletin Dt.18th December,2023*

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Infosys kicks off long-awaited pay hike for employees ahead of holiday season.The pay hikes, which are typically effective from April 1, will now be effective November 1, 2023 instead, said a report.

-Business Today

Number of GST return filers rose 65% to 1.13 crore in 5 years, 90% submitting form on time: FinMin.In November, the monthly total GST collection was Rs 1.68 lakh crore. Overall, GST collection has surpassed Rs 1.60 lakh crore for the sixth time in the current fiscal year.

-Business Today

Why career progression is poor for women even in IT and banking sectors.The IT sector suffers the widest chasm of 18.7 percentage points between women’s representation at the employee level and at the level of key management personnel, as per one of the recent studies. While India has 22% women’s representation in the workforce, a majority of the companies have less than 20 per cent representation of women in leadership positions.

-Business Today

Zee requests Sony to extend timeline to complete merger.In September, Sony had announced a delay in the merger, saying it expected completion 'within the next few months'; on Saturday, two independent directors were unable to secure re-appointment to the board of Zee.

-Business Today

Will the number of public sector banks further come down to 10 from 12 next year? This could be within the realm of possibility, going by the agenda of the Lok Sabha’s Committee on Subordinate Legislation.The Committee plans to discuss with the representatives of Union Bank of India (UBI) and UCO Bank (in Mumbai on January 2), and Bank of Maharashtra(BoM) and Bank of India(BoI) (in Goa on January 6) on the rules/ regulations framed under the Banking Regulation Act, 1949, and other relevant Acts as applicable to them and “the regulatory scenario in post-merger scenario”, per its agenda.“That representatives of only four out of 12 PSBs were called for discussions, including on the regulatory scenario in post-merger scenario, by the Committee could be a harbinger of things to come,” said a banking expert.

-Business Line