Infosys gets a dressing down and FM’s (over) ambitious monetization plan
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Editor's note: This is the fifteenth edition of Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Advait here. If Infosys CEO Salil Parekh earlier this week looked like an errant student being summoned by the principal, there was a good reason. India’s most popular IT service provider seems to be failing tests repeatedly. But what if the problem is not entirely at its end? I take a look. Having taken Infosys to task, the FM then moved on to making an $81 billion announcement. Prince says Nirmala Sitharaman could take a leaf out of the book of the late Arun Jaitley to pull off one ambitious project. Read on. Tax portal glitches: A flawed approach? Filing income tax returns is fairly straightforward. Log in, upload documents, submit, e-verify the information and download the receipt. A few more steps get added for business owners. Either way, for a country where only 1% of …
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