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
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