Page 26 - Infosys

IT major Infosys inks pact with Shell for sustainable data centres

IT major Infosys on Thursday said it has partnered with energy company Shell to accelerate the adoption of immersion cooling services for data centres. Infosys and Shell will bring together their capabilities in digital and energy, respectively, along with an ecosystem of partners to create an integrated offering for green data centres, the IT firm said in a statement. "In our joint efforts with Shell, we aim to create a more sustainable future. This collaboration will leverage AI-based digital solutions that will create environmentally responsible data centres that can manage high computing loads with optimised hardware. "It is also critical that future digital and physical solutions are created with a view to make AI more sustainable and scalable," Infosys EVP & Global Head - Sustainability, Services, Utilities, Resources and Energy Ashiss Kumar Dash said. Infosys claims to have turned carbon-neutral in 2020, 30 years ahead of the timeline set by the Paris Agreement.

IT hiring slowdown to continue for 2-3 quarters, global slowdown to blame

Sekhar Garisa, CEO of foundit, said that companies do not need as many designers and content writers as before since technology can help make some of these jobs more efficient

Indian IT industry to be worth $350 bn by 2030: Kris Gopalakrishnan

'High-growth industry' will continue performance despite global slowdown, says co-founder of Infosys

Capitalism based on free market only solution to alleviate poverty: Murthy

Murthy said that over the years, he has transformed from a 'confused leftist' to a 'determined compassionate capitalist'

Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%

Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.

SBI, Infosys, Axis Bank, ONGC most sold large-cap stocks by MFs in Oct

Kotak Mahindra Bank, ICICI Bank, Reliance Industries, Tech Mahindra and NTPC were the most bought large-cap stocks in October.

Is Narayana Murthy right?

The founder of Infosys' comment about working 70-hour weeks says productivity should be at the heart of a national debate

Infosys inks partnership with TK Elevator to help build AI-first strategy

As part of the engagement, Infosys said it will "consolidate, harmonise, and modernise TK Elevator's digital landscape"

The future is flexible: IT companies juggle in-person with remote work

Some IT employees Business Standard spoke with said that their companies are offering them certain perks to work in a hybrid environment

M-cap of 7 of top 10 firms swells Rs 1.50 trn; TCS, Infosys biggest gainers

The combined market valuation of seven of the top 10 valued firms climbed Rs 1,50,679.28 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 890.05 points or 1.37 per cent. Reliance Industries, TCS, HDFC Bank, Infosys, Hindustan Unilever, ITC and Bharti Airtel were the gainers while ICICI Bank, State Bank of India and Bajaj Finance faced erosion from their market valuation. The valuation of TCS jumped Rs 62,148.99 crore to Rs 12,81,637.63 crore, emerging as the biggest gainer from the top 10 pack. The market capitalisation (mcap) of Infosys rallied Rs 28,616.98 crore to Rs 5,96,681.75 crore. The mcap of Reliance Industries climbed Rs 28,111.41 crore to Rs 15,93,893.03 crore and that of HDFC Bank surged Rs 11,136.61 crore to reach Rs 11,42,215.81 crore. The market valuation of Hindustan Unilever soared Rs 10,032.75 crore to Rs 5,94,317.36 crore

Amid muted earnings, Infosys to hand out 80% variable pay for Q2FY24

The IT sector has faced challenges as the Western markets have struggled with the possibility of a recession. Most clients for Indian IT companies are from the USA and Europe

Invest $1 bn a year for 2 decades to train teachers, says Narayana Murthy

India must aspire to move to stage four in every area that affects the lives of our poorest citizens in the remotest part of the country, says Murthy

Infosys Science Foundation names winners of Infosys Prize 2023: All details

The Infosys Prize focuses on the achievements of the recipients and awards them for their contributions to science and research impacting India

IT companies to diversify, draw 30% revenue from non-western mkt by 2030

Japan, Australia, and countries from West Asia will play a major role in this shift as they expand their share in the Indian IT outsourcing space

M-cap of 4 of top-10 firms decline by Rs 23,417 cr; TCS biggest laggard

The combined market valuation of four of the top-10 most valued firms fell by Rs 23,417.15 crore last week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the biggest hit. Last week, the BSE benchmark advanced 540.9 points or 0.84 per cent. While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys faced erosion from their market capitalisation (mcap), HDFC Bank, ICICI Bank, ITC, Bharti Airtel, State Bank of India and Bajaj Finance witnessed a combined addition of Rs 17,386.45 crore. The market valuation of Infosys fell by Rs 8,465.09 crore to Rs 5,68,064.77 crore, the most among the top-10 firms. The mcap of TCS declined by Rs 6,604.59 crore to Rs 12,19,488.64 crore. Hindustan Unilever's mcap diminished by Rs 5,133.85 crore to Rs 5,84,284.61 crore and that of Reliance Industries dipped by Rs 3,213.62 crore to Rs 15,65,781.62 crore. However, the valuation of HDFC Bank jumped Rs 5,236.31 crore to Rs 11,31,079.20 crore. ICICI Bank added Rs 3,520.92 c

Infosys, AWS join hands to help financial clients accelerate cloud adoption

As part of the collaboration, Infosys and AWS aim to support financial organisations, like retail banking at NatWest Group, in accelerating their cloud adoption journeys

70-hr work raises compliance issues, violates labour laws: TeamLease VP

A 70-hour work week could raise compliance issues as it violates labour laws, a senior official of staffing company TeamLease said on Friday. "If somebody is spending 70 hours (in office), they are going beyond 9 hours. There is a fundamental disconnect, when you are an employee labour law allows you to work 9 hours," Vice President and Business Head for TeamLease Degree Apprenticeship Dhriti Prasanna Mahanta said. Former Infosys CEO N R Narayana Murthy had recently advocated for a 70-hour work week, drawing reactions from across the spectrum. The cost of employment, if a 70-hour work week is made possible, will also increase, and in a lot of places you are not allowed to pay overtime, he said. He pointed that this works for entrepreneurs and self-motivated individuals but cannot be accepted due to labour law compliance norms in place. Speaking to PTI on hiring trends, Mahanta said around 65 per cent of the demand is coming from non-tech sectors for job roles in AI, machine learni

Infosys US unit hit by cyber security event; probe on to identify impact

The company said it is working with a cyber security company to resolve the issue

Infosys opens new proximity centre in Bulgaria, to hire 500 in 4 years

Infosys believes Bulgaria's strategic location and reputation as an attractive market for IT development will help the company tap into its local talent pool

Infosys asks some staff back in office 10 days a month, bucks global trend

Since the pandemic, they had been allowed to work remotely full-time, and the company's other employees are still permitted to do so