Software Export
Infosys tightens FY24 guidance to 1.5-2%, Q3 net profit down 7.3%
The Bengaluru-based IT major, however, maintained its operating margin guidance at 20-22 per cent for FY24
 "Infosys tightens FY24 guidance to 1.5-2%, Q3 net profit down 7.3%")
Software exports from MP's four IT SEZs jump 66% to Rs 2,926 crore in FY23
Software exports from four information technology (IT) Special Economic Zone (SEZs) in Madhya Pradesh's Indore jumped 66 per cent to Rs 2,925.60 crore during FY23, a commerce and industry ministry official said on Wednesday. The largest share in the overall shipments from the SEZs has been of IT giant TCS with 51.6 per cent. The official said in the FY22, software worth Rs 1,761.19 crore was exported from these four IT SEZs. During the financial year ended March 2023, software exports worth Rs 1,509.80 crore were made from TCS SEZ, registering a growth of about 74 per cent. Exports from Infosys SEZ grew more than three times to Rs 444.80 crore during the period, while the outbound shipments from Impetus SEZ more than doubled to Rs 330.77 crore, the official said. According to the official, during FY23 software exports from Crystal IT Park SEZ reached Rs 640.23 crore, registering an increase of about seven per cent.
 "Software exports from MP's four IT SEZs jump 66% to Rs 2,926 crore in FY23")
The making of an economic juggernaut
It is a book that boasts of the recommendation of two stalwarts of the industry, N R Narayana Murthy and N Chandrasekaran, and is sure to age well
 "The making of an economic juggernaut")
Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank
Premji, the founder chairman of Wipro, increased his donation by nearly a fourth during the pandemic year
 "Azim Premji donated Rs 27 cr per day in FY21, retains top giver rank")
Payments by Indian firms for foreign software not taxable: Supreme Court
The court held that there is no liability for Indian companies to deduct tax at source with respect to purchase of software from foreign companies.
 "Payments by Indian firms for foreign software not taxable: Supreme Court")
Tamil Nadu software exports at Rs 25,000 cr in last 6 months: STPI
"For achieving the target ($5 trillion) Tamil Nadu has to at least contribute $500 billion to the GDP," Tyagi said
 "Tamil Nadu software exports at Rs 25,000 cr in last 6 months: STPI")
India's software exports to grow 7-8%, net hiring 150,000 in FY18: Nasscom
The industry body has forecasted a 10-11 percent growth in domestic sector.
 "India's software exports to grow 7-8%, net hiring 150,000 in FY18: Nasscom")
