Shares of Infosys India’s second-largest information technology company witnessed a rise of 0.47 percent hitting an intraday high of Rs 1605.70 on the Bombay Stock Exchange (BSE) on Thursday. The rise came after Infosys post-market hours informed exchanges that it is expecting a refund of Rs 2949 crore from India’s Income Tax Department. Subsequently the shares also performed well on the National Stock Exchange (NSE) rising 0.41 percent to hit an intraday high of Rs 1606.05. The Narayan Murthy company informed in its exchange filling that it received orders from the IT department for the assessment year 2016-16 and 2019-20 on March 25 and 26. According to the order the IT giant is expecting a refund of Rs 2949 crore (including interest). The company is in the process of evaluating the implications of these orders on the financial statements for the quarter and year ending March 31 2025 Infosys said in exchange filing. Infosys launched its Springboard Makerlab at Symbiosis International (Deemed) University in Pune on Wednesday. The new lab a first of its kind will provide young learners with hands-on experience in Science Technology Engineering and Mathematics (STEM) fields with the aim to help them become more employable. It is open to students from all Symbiosis schools and colleges as well as students from nearby educational institutions the Bengaluru-based company said in a press release. Infosys Springboard Makerlab offers access to a range of cutting-edge technologies including educational DIY kits and equipment related to science electronics robotics microcontrollers Internet of Things (IoT) Augmented/Virtual Reality (AR/VR) drones and 3D printing. It provides access to advanced technology and experiential learning that aims to equip students with the skills needed for Industry 4.0 automation and digital transformation Infosys added. Infosys stock has underperformed the NIFTY50 index in 2024 declining 15 percent compared to the indexs 0.67 percent decrease.  However at 9:21 am Infosys shares showed a slight increase of 0.10 percent trading at Rs 1601.05 mirroring the NIFTY50s 0.08 percent rise.