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The CFO reading List: October 26, 2019

| Updated on October 28, 2019

Infosys had posted a good set of numbers in second quarter of the fiscal, much better than its nearest competitor, TCS Vivek Prakash

Missed all the important financial news this week in a pre-Diwali rush? Here’s a curated reading list of Businessline’s important stories on the subject this week

Infosys whistle-blower woes

The Infosys stock was battered by over 15 percent this week, with SEBI beginning a probe after a group of ‘ethical employees’ complained to the company’s Board and the SEC about alleged unethical top management conduct which included artificially boosting profit numbers. SEBI also plans to investigate insider trading in the stock ahead of this disclosure. 

Also read: Infosys shares tank; Nandan Nilekani says CEO Salil Parekh to be recused from probe

Big hit

Telecom operators such as Airtel and Vodafone will have to cough up over Rs 1.3 lakh crore by way of license fees and spectrum dues to the Centre after the SC upheld the DoT’s claim on what constituted Adjusted Gross Revenues.

Also read: SC ruling on AGR: Telcos will have to pay ₹1.3-lakh crore

Rethink on sunset

The SEZ sunset clause may get an extension beyond March 2020

https://www.thehindubusinessline.com/economy/commerce-ministry-considers-5-year-extension-of-income-tax-benefits-for-sez-units/article29785055.ece

Planning ahead

This time around automakers are planning ahead to cope with the approaching transition to BS VI

Here’s how automakers are gearing up for the BS-6 transition

Tax arrears

The CBDT has not been having much luck with recovering its tax arrears from defaulters, particularly with many of its demands stayed by tribunals .

Also read: Just 15% of outstanding arrears of corporate tax recovered in five years

Less lag

Tired of jetting around the world? Here’s a guide to beating the jet lag

Podcast | Infosys whistleblower: What next for Salil Parekh?

Compiled by Aarati Krishnan

Published on October 26, 2019

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