Get latest articles and stories on Business at LatestLY. Gurugram (Haryana) [India], November 23: WeAce, a leading global digital coaching and upskilling platform and a vanguard in cultivating Coaching and Development for Leadership Excellence and fostering inclusive cultures across South Asia, Middle east, Africa and the UK, held the 4th edition of its annual leadership conclave, SPARK, focused on Inclusive Leadership on November 21st, 2023, at Gurgaon. The Summit was presented by Flipkart and was held in partnership with SMFG India Credit Company Ltd, Fiserv, IBM, DBS and 360 One Wealth and Asset Management Ltd. Business News | WeAce Illuminates the Corporate Landscape with Spark: A Leadership Summit, a Transformative Gathering of Industry Leaders.
The Chennai Income Tax Appellate Tribunal has ruled that Cognizant Technology Solutions India Pvt. Ltd. is liable for Dividend Distribution Tax on a Rs 19,000 crore buyback.
This buyback was conducted through a scheme approved by the Madras High Court during the assessment year 2017-18. The assessee bought 94,00,534 equity shares from its shareholders in the US and Mauritius at a rate of Rs 20,297 per share, totaling Rs 19,080.26 crore.
While holding that the reopening proceedings should be a clear case of change of opinion, the Madras High Court had quashed reopening proceedings against Cognizant Technology Solutions India Pvt Ltd.
We look at the latest developments boosting the investment viability of India's IT sector, including push for local hardware manufacturing and 5G trials.