Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: empanelment :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: ACCOUNTING STANDARD :: due date for vat payment :: TDS :: VAT RATES :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« Budget Extravaganza »
 Are you expecting good tax breaks in Budget 2017? Think again
 Budget 2017: Home insurance premium should get income tax exemption
 Demonetisation may be the trigger for any increase in service tax rate this budget
 10 things Arun Jaitley can do to make it a Budget for the middle class
 How budget 2017 can ease pain of demonetisation via income tax sops
 Budget 2017: Do we expect an overhaul of personal income tax rates and slabs?
 All eyes on Budget 2017 proposals on capital gains tax
 Budget-2017 And Gst Expectations
 Income Tax Appellate Tribunal, Kolkata Benches Kolkata Constitution of kolkata Benches for One Week From 16.01.2017 To 19/01/2017
 What’s the big deal if budget presented on Feb 1, which law violated? SC asks PIL petitioner
 What aam aadmi wants from Budget 2017

Infosys has not seen clients reducing their budget plan on IT due to slowdown in the US and Europe this year: Kris Gopalakrishnan
September, 09th 2011

Infosys Technologies Executive Co-Chairman Krish Gopalakrishnan on Thursday said Infosys has not seen clients reducing their budget plan on information technology due to the slowdown in the US and Europe this year.

"If there was a cut back it would probably get reflected in next year's budget ... all companies are doing well financially... their cash positions are strong ... balance sheets are strong. They are prepared to face the slowdown period," he told reporters on the sidelines of the Seventh India Innovation Summit 2011 here.

Asked what kind of pricing environment did he see in the slowdown period, Gopalakrishnan said the pricing was stable for now as the focus on cost was there since 2008 as the companies realise the perils of global slowdown.

"The concerted action of the governments around the world to invest significantly to get the economy going probably gave some optimism, but it was shortlived ...," he said.

Asked if he expects to budget to be spent this year, he said it may not be spent as it depends on what happens in the next three months which is difficult to predict.

"Since IT service is a support industry to other sectors, the impact will be felt after the other sectors feel it," he informed.

"We're not seeing any immediate effect from the slowdown in the US and Europe. Clients are paying close attention to the developments in those regions but they aren't cancelling any projects right now," said Shibulal in a media statement.

Replying to another query, Gopalakrishnan said Infosys was agressively hiring people and it would continue.

Asked whether Infosys was looking into reducing variable pay component to protect margins, he said it would excercise the option till there is a reason for doing it.

"Right now, we are not looking into reducing variable pay component because companies have grown last quarter.

We have to wait for an event to unfold and wait for the next quarter results ... I don't have an update in the middle of the quarter," Gopalakrishnan said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions