Page 19 - Infosys

'Secrecy around AI models limits innovation': Infosys co-founder Nilekani

Nilekani highlighted the need for high-quality datasets, especially in Indian languages, to support AI growth in India

Stocks to Watch: Indigo, Infosys, Blue Star, Biocon, Britannia, 63 Moons

Share market today: IndiGo Airlines has emerged as the world's second fastest-growing airline in terms of seat capacity, with a 10.1 per cent increase in 2024

Explained: Why Infosys, Cognizant are battling it out in a US court

Infosys and Cognizant are locked in a legal battle over trade secrets, anti-competitive practices, and executive poaching in healthcare IT. Here's a deep dive

Mysuru layoffs: NITES threatens protest; Infosys defends testing norms

Pune-based IT workers union NITES on Wednesday said it will not hesitate to start a protest along with trainees, who were laid off recently by Infosys, if the government does not take "appropriate" action. Infosys said that every trainee joins with full understanding that performance evaluations are key part of their progress, and asserted that all eligible trainees (over 98 per cent) have received their relieving letter upon separation, along with outplacement services, severance pay, counselling, among other measures. Nascent Information Technology Employees Senate (NITES) in a statement on Wednesday said, "...we will continue to stand with these employees until they receive the fairness and dignity they deserve. Today we are politely requesting the authorities for justice, but if the government will not take appropriate measures then NITES along with all the employees will not hesitate to start a massive protest outside Infosys campus." NITES emphasised it is imperative that ...

Down 15% from record high; Nifty IT, 5 tech shares can dip 15% more: charts

Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.

Infosys delays trainee assessment amid fresher layoffs at Mysuru campus

India's second-largest IT services company had onboarded about 1,000 engineering graduates in October. Trainees get three attempts to clear the assessment, failing which they are asked to leave

Layoffs impact: Infy stock sinks below 200-DMA after 8 months; what next?

Infosys share price outlook: Infy was seen testing the 200-DMA for the first-time since June 2024; technical chart hints at further 9% downside risk for the stock.

IT stocks: Nifty IT index slips over 2% on fears of slowing US economy

At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.

Infosys denies forced layoffs in Mysuru, says cooperating with labour dept

IT services company Infosys on Wednesday said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities. In an interview to PTI, Shaji Mathew, Chief Human Resources Officer at Infosys, however, conceded that assessment failure percentages this time around have been "slightly higher" than in the past but dismissed charges that the tests had been designed for failure. On whether the layoffs would severely dent Infosys' brand as the company goes out to campuses for FY26 hiring, he said that plans to hire 20,000 freshers for next fiscal are on track and they should have nothing to worry about as they will get one of the best corporate training. Responding to allegations that testing parameters, assessment criteria and syllabus were altered and intimidation tactics were resorted leading to the 300 plus terminations at Mysuru campus recently, ...

After recent layoffs, Infosys defers internal assessments for trainees

Close on the heels of an outcry over recent layoffs of more than 300 freshers in its Mysuru campus, Infosys has now postponed, by a week, internal assessments scheduled for trainees. The company has, however, asserted that the deferment is aimed at giving them additional time for preparation. IT employee union Nascent Information Technology Employees Senate (NITES), meanwhile, claimed that the assessment meant for 800 trainees was postponed due to its intervention, "unwavering fight against unfair layoffs", as well as government action. Countering this, Infosys, in a statement, said it had not received any requests from the government or external parties to postpone assessments. "We are deferring our assessments by a week to provide additional preparation time for our trainees," Infosys said. Last week, the Bengaluru-headquartered IT services company had laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments aft

Infosys to establish GCC for Lufthansa to drive digital transformation

The move shows how global airlines have been setting up GCCs in India over the last few years

Infosys mass layoffs: Centre orders Karnataka to take 'urgent action'

IT workers' labour body NITES filed an official complaint with the labour ministry after Infosys laid off more than 350 trainees at its Mysuru campus

Trainees in tears as Infosys mass firings leave their careers in limbo

Stringent changes to the training test have led to a sharp rise in failure rates at Infosys. Out of 930 trainees who joined on October 7, only 160 passed on their first attempt

Infosys lays off about 350 Mysore campus recruits; employees upset

Affected employees, who were being trained at the company's Mysore campus, told Business Standard that the entire layoff process was being handled harshly

Infosys faces backlash after 350 freshers are laid off for 'failing tests'

Labour rights group NITES announced plans to file a formal complaint with the Ministry of Labour and Employment against Infosys

'Law misused': Kris Gopalakrishnan responds to SC/ST Act case against him

Infosys co-founder says Karnataka High Court has stayed proceedings against him in case involving his work as chairman of Indian Institute of Science's council

Infosys to accelerate digital learning of tech firm Siemens AC with GenAI

As part of the collaboration, Siemens' My Learning World, a digital learning platform accessible anytime, anywhere, will leverage Infosys Topaz

Infosys co-founder, former IISc director booked under SC/ST Atrocities Act

The case was filed at Bengaluru's Sadashiva Nagar Police Station following directives from the 71st City Civil and Sessions Court

Can DeepSeek sparked AI sell-off dent Indian IT shares? Tech view here

Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.

Infosys co-founder Kris Gopalakrishnan among 18 booked under SC-ST Act

A case was registered against Infosys co-founder Senapathy Kris Gopalakrishnan, former IISc Director Balaram and 16 others under the Prevention of SC/ST Atrocities Act on Monday. The case was registered at the Sadashiva Nagar police station based on the directions of the 71st city civil and session court (CCH). The complainant, Durgappa, who belongs to the tribal Bovi community, was a faculty member at the Centre for Sustainable Technology at the Indian Institute of Science (IISc). He claimed that in 2014, he was falsely implicated in a honey trap case and subsequently dismissed from service. He further alleged that he was subjected to casteist abuse and threats. The other individuals accused in this case include Govindan Rangarajan, Sridhar Warrier, Sandya Vishwswaraih, Hari K V S, Dasappa, Balaram P, Hemalata Mhishi, Chattopadyaya K, Pradeep D Sawkar, and Manoharan. There was no immediate reaction from the IISc faculty or from Kris Gopalakrishnan, who also serves as a member of