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Indian IT major Infosys has agreed to pay USD 800,000 (nearly Rs 5.6 crore) to settle allegations of misclassification of foreign workers and tax fraud, officials said on Tuesday.
 Infosys will pay California USD 800,000 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.
 This misclassification resulted in Infosys avoiding California payroll taxes such as the unemployment insurance, disability insurance, and employment training taxes. 
 H-1B visas also require employers to pay workers at the local prevailing wage, an official statement said.
 "Today's settlement shows that attempting to evade California law doesn't pay. Infosys brought in workers on the wrong visas in order to underpay them and avoid paying taxes. With this settlement, California has been made whole," Becca said.
 In the settlement, Infosys, however, denied the allegations and asserted of no wrongdoings. 
 Further, the company on Wednesday informed Indian stock exchanges that it has reached a settlement with California Attorney General.
 In the regulatory filing, it said the case is being dismissed with prejudice and was reached to avoid the time, expense, and distraction of protracted litigation on allegations dating back more than 13 years.
 "The agreement - which notes that Infosys strongly disputes the allegations and in which Infosys admits no wrongdoing - will result in the case being dismissed..." Infosys said. 
 The comapny asserted that it maintains robust policies and procedures to ensure adherence with all applicable regulations and laws.
 In 2017, Infosys had agreed to pay the State of New York USD 1 million to settle allegations of submitting wrong documents to federal authorities.
 The Californian settlement that was carried out in November was released to media on Tuesday.
 California initiated legal actions against Infosys after a complaint was filed by whistleblower Jack "Jay" Palmer, a former Infosys employee. 
 Palmer had sued the Indian company in 2017. See also: <a href="https://www.businessinsider.in/business/corporates/news/infosys-untouchable-not-even-god-will-find-evidence-of-fraud/articleshow/71949075.cms">Infosys untouchable, ‘not even God’ will find evidence of fraud</a> <a href="https://www.businessinsider.in/thelife/personalities/news/salil-parekh-infosys-ceo-profile/articleshow/71699382.cms">The Infosys clean-up under Salil Parekh seems to have come a full circle within 2 years</a> <a href="https://www.businessinsider.in/business/corporates/news/infosys-is-in-more-trouble-as-a-class-action-lawsuits-gather-steam-in-the-us/articleshow/71705319.cms">Infosys is in more trouble as a class action lawsuits gather steam in the US</a>

Infosys is paying ₹5.6 crore to settle allegations of tax fraud and misclassification of foreign workers

<ul><li>Google Doodle is celebrating the Indian bollywood icon <keyword id="16975" type="PERSON" weightage="20" keywordseo="Zohra-Sehgal">Zohra Sehgal</keyword> today for her shattering the glass ceiling of Indian cinema back in 1946.</li><li>The movie was Indian cinema’s first film to gain international acclaim. </li><li>Sehgal also acted opposite the first <keyword id="492147" type="ENTERTAINMENT" weightage="20" keywordseo="Doctor-Who">Doctor Who</keyword>, <keyword id="10019192" type="UNKNOWN" weightage="20" keywordseo="william-hartnell">William Hartnell</keyword>.</li></ul>Most millennials remember Zohra Sehgal as their favourite on-screen dadi in films like <keyword id="37921" type="ENTERTAINMENT" weightage="20" keywordseo="Kabhi-Khushi-Kabhi-Gham">Kabhi Khushi Kabhi Gham</keyword>, <keyword id="37737" type="ENTERTAINMENT" weightage="20" keywordseo="Dil-Se">Dil Se</keyword>, and Veer Zaara. But before she was the grandmother that we all know and love, Sehgal already had a long series of wins under her belt. This includes a brief stint in the original BBC series Doctor Who and acting in the first Indian movie — <keyword id="62426" type="ENTERTAINMENT" weightage="20" keywordseo="Neecha-Nagar">Neecha Nagar</keyword> — that was met with international acclaim. <div type="image" title="ZohraSehgal_DoctorWho_TardisFandom_edited" msid="78377871" hostid="261" caption="&amp;lt;p&amp;gt;Zohra Sehgal in Doctor Who&amp;lt;/p&amp;gt;"></div> Google Doodle today is celebrating Sahibzaadi Begum Zohra Mumtazullah Khan for shattering the glass ceiling of Indian cinema back in 1946. Sehgal’s was cast in Chetan Anand’s Neecha Nagar and the movie made it onto the screens at the Cannes Film Festival. It was Indian cinema’s first international critical success. <div type="image" title="neechanagat" msid="78377894" hostid="261" caption="&amp;lt;p&amp;gt;The poster for &amp;lt;em&amp;gt;Neecha Nagar&amp;lt;/em&amp;gt;&amp;lt;/p&amp;gt;"></div> Zohra Sehgal travelled the world before settling in India Sehgal was born in Uttar Pradesh’s Saharanpur. And her official title is actually Sahibzaadi Begum Zohra Mumtazullah Khan — a Rohilla Pathan of the Rampur nobility. In her early 20s, Sehgal left for Germany to study ballet, after which she travelled the world with legendary icon Uday Shankar for a decade. <div type="image" title="Uday_Shankar_Ballet_Troupe,_ca_(1935-37)" msid="78377906" hostid="261" caption="&amp;lt;p&amp;gt;The Uday Shankar Ballet Troupe. Also seen at the bottom left Zohra Segal, who joined in August 1935, and toured with Uday Shankar till he returned to India, 1938.&amp;lt;/p&amp;gt;"></div> In 1945, she returned to India to join the Prithvi Theatre and moved across the country with the troupe for shows. It was during this time that she signed onto Neecha Nagar. A little over a decade later, Sehgal moved to New Delhi as the newly appointed director of the Natya Academy. Acting with the very first Doctor Who Her stint at the academy was a short one, from 1959 to 1962, when she moved to London, and we saw her on the international stage across the first Doctor Who, William Hartnell. She posed as Sheyrah in season two of the series in the episode arc called <a href="http://www.bbc.co.uk/doctorwho/classic/photonovels/crusade/two/index.html">The Crusade</a>. She also had a small role in the 1964 story Marco Polo. She only returned to India in the 1990s, where she continued to act and went on to win the Padma Shri in 1998 and the Padma Bhushan in 2002. Sehgal was 102 when she passed in 2014. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-infosys-central-bank-of-india-dhfl-anuh-pharma-shalby-balaji-telefilms-and-others/articleshow/78376167.cms">Top stocks to watch— Infosys, Central Bank of India, DHFL, Anuh Pharma, Shalby, Balaji Telefilms and others</a> <a href="https://www.businessinsider.in/finance/news/rbi-postpones-monetary-policy-meeting-new-dates-to-be-announced-soon/articleshow/78361698.cms">RBI postpones Monetary Policy meeting as the hunt for three new MPC members continues</a> <a href="https://www.businessinsider.in/defense/news/rajnath-singh-releases-indias-new-defence-acquisition-procedure-amid-india-china-border-dispute/articleshow/78362908.cms">Rajnath Singh releases India's new Defence Acquisition Procedure amid India-China border dispute</a>

Google Doodle celebrates Zohra Sehgal — Everyone's favourite dadi, an Indian royal and Doctor Who star

Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge. After opening on a positive note, the 30-share index turned choppy to trade 54.61 points, or 0.14 per cent, lower at 40,061.45. Similarly, the broader NSE Nifty slipped 33.20 points, or 0.28 per cent, to 11,807.25. Top losers in the Sensex pack included Bharti Airtel, IndusInd Bank, Tata Motors, SBI, Tata Steel, ONGC and HUL, shedding up to 3.34 per cent. On the other hand, Infosys, Yes Bank, Asian Paints and Maruti were among the top gainers, rising up to 2.13 per cent. On Wednesday, the Sensex settled 229.02 points, or 0.57 points, lower at 40,116.06. Likewise, the Nifty dropped 73 points, or 0.61 per cent, to close at 11,840.45. Foreign institutional investors purchased shares worth Rs 584.92 crore in the capital market in the previous session, while domestic institutional investors sold equities worth Rs 890.03 crore, data available with stock exchange showed. According to traders, investors have turned jittery on account of weak macro numbers and negative global cues. Retail price based consumer inflation spiked to 16-month high of 4.62 per cent in October on costlier food items, reducing the headroom for a rate cut by the RBI in its monetary policy due next month. "Weak economic data has alerted the market to turn cautious," said Vinod Nair, Head of Research, Geojit Financial Services. GDP data is also likely to be released by the end of the month, the expectation for which has worsened below 5 per cent noted in Q1FY20, he said, adding that the central bank is unlikely to change its monetary policy soon. Market players are now awaiting wholesale inflation numbers, scheduled to be released later in the day. Globally, Hang Seng and Nikkei were trading up to 0.92 per cent lower amid concerns over political unrest in Hong Kong, while Shanghai Composite Index and Kospi were trading marginally higher. Further, China's industrial output grew much slower than expected in October, as its trade war with the US weighed on its overall economy. Stock exchanges on Wall Street ended on a mixed note on Wednesday after Federal Reserve chief Jerome Powell said the US economy is likely to continue to grow, but faces continued risks from the global slowdown and trade disputes. On the currency front, the rupee depreciated 15 paise (intra-day) against the US dollar to trade at 72.24 in early session. Brent futures, the global oil benchmark, rose 0.35 per cent to USD 62.59 per barrel.

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Infosys is paying ₹5.6 crore to settle allegations of tax fraud and misclassification of foreign workers

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Google Doodle celebrates Zohra Sehgal — Everyone's favourite dadi, an Indian royal and Doctor Who star

BI India Bureau

Stock market open on volatile note over on weak economic data

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