Wednesday, July 31, 2024

Infosys shares drop 1% over alleged Rs 32,000 crore GST evasion

Infosys shares dropped by 1% following news of an investigation by the Directorate General of GST Intelligence regarding a Rs 32,000 crore GST evasion. Infosys clarified via a filing that GST should not apply to services by overseas branches and asserted compliance with all GST obligations.

from Economic Times https://ift.tt/sLkGIct

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Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group

Sudarshan Chemical Industries announced the acquisition of Heubach Group for Rs 1,180 crore. Shares surged 20% on the news. Heubach Group is...