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Tuesday, December 17, 2019

Infosys to pay $800,000 to settle worker misclassification, tax fraud charges

Infosys, India's top IT major, has agreed to pay $800,000 to settle allegations of misclassification of foreign workers and tax fraud, officials announced on Tuesday. Infosys will pay California $800,000 (nearly Rs 56 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.

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SIP flows scale Rs 20,000 crore mark 1st time

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