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Infosys said the U.S. Department of Labor has suspended new and pending Permanent Labor Certification (PERM) applications for certain companies, including Infosys. The company said it does not anticipate the suspension will have a material impact and will work with relevant government agencies to address questions.

Dreamfolks Services received a GST demand-cum-show-cause notice for FY2021-22 concerning input tax credit claimed on invoices from a supplier whose GST registration was retrospectively cancelled. The notice seeks tax of ₹78,86,667 and proposes an equal penalty, totaling ₹1,57,73,334, plus applicable interest; the company is preparing its reply.