Bengaluru (Karnataka) [India], October 13 (ANI): India's second-largest IT services firm Infosys on Thursday said its consolidated net profit surged by 11.1 per cent year-on-year to Rs 6,021 crore for the second quarter of the current financial year as compared to Rs 5,421 core recorded in the corresponding period of the previous year.

Washington [US], September 2 (ANI): Researchers have published results that show encouraging therapeutic options for patients with blood cancer and multiple myeloma after first-line treatment with bispecific antibodies fails. Bispecific antibodies are a type of antibody that can bind to two different antigens at the same time -- they are meant to enhance the immune system's destruction of tumour cells.

New Delhi [India] August 9 (ANI): Housing finance company HDFC has increased its retail prime lending rate on housing loans by 25 basis points, it said in a regulatory filing to the exchanges late on Monday night.

New Delhi [India], August 5 (ANI): Housing finance company HDFC on Friday announced the completion of the USD 1.1 billion syndicated social loan facility for the financing of affordable housing in India.

Bengaluru (Karnataka) [India], April 13 (ANI): India's second-largest IT services provider Infosys on Wednesday reported a consolidated net profit of Rs 5,686 crore for the fourth quarter of 2021-22 against Rs 5,076 crore in the corresponding quarter of the previous year, registering a year-on-year growth of 12 per cent.

Mumbai (Maharashtra) [India], April 4 (ANI): The merger of India's largest mortgage lender Housing Development Finance Corporation (HDFC) with private sector lender HDFC Bank will be good for the economy and it is expected to get the required regulatory approvals in 15 to 18 months, HDFC Chairman Deepak Parekh said on Monday.

Mumbai Aug 31 PTI The Maharashtra COVID-19 task force on children on Tuesday stressed on undertaking vaccination of teachers and non-teaching staff on priority before taking any decision on reopening schools for physical classesThe paediatrician task force was formed by the state government in May to prevent children from contracting COVID-19 amid fears of a possible third wave of the pandemicOn apprehensions that a new wave would disproportionately affect children a task force member sought to downplay such fears saying there is no particular variant of COVID-19 that would specifically target minorsSchools in most of the urban areas in the state are not holding in-person classes in view of detection of coronavirus infectionsIn this backdrop the task force on children has come up with a set of guidelines but stressed on getting teachers and non-teaching staff in schools vaccinated against COVID-19 before resuming in-person classes to minimise chances of infections among pupilsDr Bakul Parekh a senior Mumbai paediatrician and a member of the task force said Primarily teachers and non-teaching staff in schools should get the vaccine first This would enhance their immunity and make schools safer for children The task force has also recommended that only one student should to allowed to sit on a bench and classes should be planned accordingly If possible schools with online teaching infrastructure can simultaneously hold physical as well as online classes Students can attend in-person classes by rotation he saidVehicles ferrying schoolchildren should not have closed windows and they should have sufficient ventilation Parekh saidThe task force has suggested the school administration to hold parent-teacher meetings before re-opening schools At these meetings parents should be apprised about precautions schools will be taking for safety of students Parekh saidCommenting on physical activities and games he said Schools should conduct games where students do not physically come in contact of each other Only such games should be allowed at the beginning Asked about fears of a third COVID-19 wave affecting children more Parekh said We must understand that it is adults who would infect children It is not that a particular variant of COVID-19 would specifically target children If all precautions are taken re-opening of schools will not trigger further spread of COVID-19 PTI ND RSY RSY

New Delhi [India], August 23 (ANI): Finance Minister Nirmala Sitharaman has given Infosys time till September 15 to resolve the issues faced by taxpayers on current functionalities of the e-filing portal of the Income Tax Department after the meeting with the company's CEO Salil Parekh on Monday.

New Delhi Aug 23 PTI Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the governments deep disappointment and concern over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags As glitches continued to mar the functioning of the portal even after over two months of its launch Sitharaman summoned Infosys MD CEO Parekh at her office here to know the reasons for not resolving the snags in the portal A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured Honble Finance Minister demanded that the issues faced by taxpayers on current functionalities of the portal should be resolved by the team by 15th September 2021 so that taxpayers and professionals can work seamlessly on the portal the I-T department said in a statement after the meeting Sitharaman the statement said conveyed the deep disappointment and concerns of the government and the taxpayers about the continuing glitches in the e-filing portal She sought an explanation from Infosys for the repeated issues faced by taxpayers it added During the meeting Parekh was also sensitised on the difficulties that the taxpayers were facing and the problems that are arising on account of the delays in the functioning of the portal Parekh explained that he and his team are doing everything to ensure the smooth functioning of the portal Further he said over 750 team members are working on this project and Pravin Rao COO of Infosys is personally overseeing this project He also assured that Infosys is working expeditiously to ensure a glitch-free experience to the taxpayers on the portal the statement added The portal which went live on June 7 was not accessible on August 21 and 22 till late evening It came back after what the tech major described was an emergency maintenance This is the second time that Sitharaman has met the Infosys team over the issue She had on June 22 met Parekh and Rao Infosys was awarded the Rs 4242 crore contract in 2019 to develop the new portal The project was aimed at developing the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and also expedite refunds Between January 2019 to June 2021 the government has paid Rs 1645 crore to Infosys for developing the portal The new income tax e-filing portal wwwincometaxgovin however faced tech glitches from day one with users complaining that certain functionalities were either unavailable or working slow Consequently the I-T department had to allow the manual filing of remittance forms and also extend due dates for electronic filing of forms related to intimation by pension funds and sovereign wealth funds Shiv Sena MP Priyanka Chaturvedi in a tweet said its been two months since the IT portal was launched and yet no resolution has been found to resolve the problems How does summoning castigating the CEO become PR material for finance ministry Nothing but a mighty embarrassment for a country talking of Aatmanirbhar Digital BharatPHDCCI Chair Direct Tax Committee Mukul Bagla said India has around 7 crore persons or entities who file their income tax returns Due to glitches in the income tax portal their day to day functioning has been adversely affected since June 7 Taxpayers are unable to download documents filed earlier with the income tax department or file their income tax returns for ay 2021-22 if they opt for new rates us 115BAC The assessee is not able to file returns pursuant to notice us 148 file reply to penalty proceedings etc Many other important tax functions have been affected he said In the absence of a fully functional income tax portal either we suspend all income tax proceedings till it is functional and further extend due dates of filing ITR otherwise the life of the tax payer as well as the tax professional is very miserable Bagla added PTI JD ANZ MKJ

New Delhi Aug 23 PTI Finance Minister Nirmala Sitharaman on Monday raised concerns over the continuing glitches in the nations new electronic tax filing portal with the chief executive of Infosys Ltd which had developed the website Sitharaman met Salil Parekh CEO of Infosys at her office here and sought to know the reasons for not resolving the snags in the portal even after two-and-a-half-months since its launch official sources said Parekh and his team are believed to have given a road map for fixing the problems On Sunday the Income Tax Department in a Twitter post said Parekh has been summoned by the minister to explain the problems The portal which went live on June 7 was not accessible on August 21 and 22 till late evening It came back after what the tech major described was an emergency maintenance This is the second time that Sitharaman has met the Infosys team over the issue She had on June 22 met Parekh and COO Pravin Rao Infosys was awarded the contract in 2019 to develop the new portal The project was aimed at developing the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and also expedite refunds The new income tax e-filing portal wwwincometaxgovin however faced tech glitches from day one with users complaining that certain functionalities were either unavailable or working slow Consequently the I-T department had to allow the manual filing of remittance forms and also extend due dates for electronic filing of forms related to intimation by pension funds and sovereign wealth funds Ministry of Finance has summoned Sh Salil Parekh MD CEO Infosys on 23082021 to explain to honble FM as to why even after 25 months since the launch of new e-filing portal glitches in the portal have not been resolved In fact since 21082021 the portal itself is not available the I-T department had tweeted on Sunday Infosys India Business Unit in a late evening tweet on Sunday said The emergency maintenance of the IncomeTaxIndia portal has concluded and the portal is live We regret any inconvenience caused to taxpayers PTI JD ANZ MKJ