Tax Tangle

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/Files

Infosys to challenge new tax demand

Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees income tax demand raised by Indian authorities earlier this month.  Full Article 

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MARKET EYE-Indian shares gain; HCL Tech, Wipro jump

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Chinese Premier Li Keqiang waves upon his arrival at the airport in New Delhi May 19, 2013. Li on Sunday arrived in New Delhi for a three-day state visit. REUTERS/Adnan Abidi

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Thu Jan 17, 2013 10:17am IST 

* The BSE index gains 0.17 percent, while the NSE index
 is up 0.15 percent. 
* Technology shares gain after HCL Technologies Ltd 
beat estimates with a 68.4 percent jump in quarterly profit.
 
* HCL Technologies is up 6.3 percent after hitting its highest
since February 2000. Infosys Ltd is up 0.8 percent
while Tata Consultancy Services Ltd is higher 0.9
percent.
* Wipro gains 3.4 percent after UBS raised its ratings
to "buy" from "sell", saying revenue momentum will start picking
up from the October-December quarter. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
India Markets
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