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    <title>Infosys takes Rs 1,289 crore hit on new Labour Codes; Q3 net profit falls 2.2%</title>
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    <description>The Labour Codes consolidate 29 prior labour laws, introduce a uniform definition of wages and expanded leave benefits, and precipitated an increase in gratuity and leave liabilities for Infosys. The company recognised a one time consolidated charge of USD 143 million (Rs 1,289 crore) reflecting past service gratuity cost and higher leave accruals, recorded in the Consolidated Statement of Comprehensive Income, and expects an ongoing annualised impact of roughly 15 basis points on results.</description>
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