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The latest announcement is out from Infosys Limited ( (IN:INFY) ).
Infosys Limited has disclosed that the Employment Development Department of the State of California has imposed a total penalty of USD 11,041.03 on the company for the late payment of State Unemployment Insurance for the fourth quarter of FY25. The company has clarified that this penalty will not have any material impact on its financials, operations, or other activities, indicating that the issue is limited in scope and does not affect its broader business performance or strategic positioning.
More about Infosys Limited
Infosys Limited is a global information technology services and consulting company that provides end-to-end digital, cloud, and outsourcing solutions to enterprises across industries, with a strong presence in key markets such as North America, Europe, and Asia-Pacific.
Average Trading Volume: 437,929
Technical Sentiment Signal: Strong Buy
Current Market Cap: 6815.5B INR
For detailed information about INFY stock, go to TipRanks’ Stock Analysis page.