Page 27 - Infosys

No corporate has sought furniture to help employees in work: Godrej Interio

Leading office furniture brand Godrej Interio has "never" been approached by any corporate client asking for solutions to help an employee put in elongated work hours, a top official said on Tuesday. Corporate clients are more focused on making employees more productive, ensuring that they work as a team and also aspects like sustainability, its parent firm Godrej & Boyce chief executive Anil Verma said. "The short answer is... I never got a customer saying 'I want my people to work so many hours'," Verma told PTI, replying to a specific question if the company has seen corporates seeking such help. Infosys co-founder N R Narayana Murthy recently triggered a flutter by suggesting a 70-hour work week to help in faster growth of the economy. As companies get employees back to work ending the pandemic period practice of work from home, there is a sharp decline of over 70 per cent in the revenues from individuals, Godrej Interio's business head Swapneel Nagarkar said. However, the ...

BFSI, oil & gas sectors key drivers of India Inc earnings as IT slips

A slowdown in the IT services sector is expected to impact the growth of overall corporate earnings in the coming quarters

Tech talent embracing jobs in non-tech sectors amid IT hiring slowdown

While automobile, banking, and other sectors can absorb IT talent, they are unlikely to generate the same hiring volume as the tech sector

Infosys, Smart Europe ink 5-year pact to redefine e-mobility experience

Infosys said it will leverage its technical expertise and design thinking-led consulting approach to enable Smart Europe GmbH to derive "exceptional value" from software, data, and cloud investments

AI backlash may anger thousands of employees in UK, says Infosys Partner

The remarks ahead of Prime Minister Rishi Sunak's AI Summit next week underscore the stakes for policymakers facing a rapid shift in the nature of work

US businesses plan to invest 67% more in GenAI in 2024: Infosys Research

Companies are speedily ramping up investments in generative AI and realising rapid returns, according to research from Infosys Knowledge Institute (IKI), which forecast that companies will hike GenAI investments by 67 per cent in 2024. This translates to a conservative estimate of USD 6 billion to be invested by the US and Canadian companies in the next year, the findings of the research by IKI said. Infosys Knowledge Institute (IKI) is the research arm of Indian IT services company Infosys. "North American businesses plan to invest 67 per cent more in Generative AI in 2024 to drive efficiency, experience and growth," said the release citing Infosys Research. Enterprise leaders are taking a pragmatic view of GenAI, which may mitigate the reality check the broader GenAI market will likely face in the coming year, it added. The report found that Generative AI (GenAI) is not constrained by traditional innovation barriers, and that companies expect GenAI to deliver operational ...

TCS to revise rates for staffing cos to enhance transparency, better talent

The changes in rate cards are for contract staffing employees and not for permanent employees. TCS is revamping its hiring mechanism

RIL, HUL, ITC: Top 50 APAC firms lose over $185 billion in m-cap in Q3

Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter

Infosys to train 20,000 employees on Google Cloud's GenAI, aims expertise

The company is enhancing a wide range of its existing platforms and solutions with Infosys Topaz and Google Cloud GenAI features

IT sector job woes may pull down overall consumer demand in India

Historically, there is a strong positive correlation between the growth of compensation (salary, wages, etc) in the IT sector and the growth of PFCE in the economy

Weak outlook

Growth in the IT sector will remain muted

Infosys opens new development centre in Vizag to upskill employees with AI

Spanning 83,750 square feet, the facility is designed to accommodate approximately 1,000 employees and provide greater flexibility for hybrid working arrangements

Andhra CM to inaugurate Infosys, Pharma units in Visakhapatnam on Monday

He will also inaugurate the newly constructed Unit-2 Formulation Block at Laurus Labs, LSPL Unit-2. Reddy will also lay the foundation stone for Lawrence Lab Unit-11 and LSPL Unit-3

Weekend Bites: Another war, trouble in IT paradise, carmakers, 'those guys'

In which we munch over the week's platter of news and views

Sensex down 342 pts, banking shares weigh on indices; Infosys down over 2%

Key Asian indices were in the red and Hong Kong's Hang Seng Index dropped more than 2 per cent

Q2 impact: Infosys, TCS can fall up to 9%; HCLTech may rise 5%, show charts

IT majors - TCS, Infosys and HCL Technologies flagged concerns of slower growth going ahead after announcing the Q2 results in the last two days.

Infosys slips 4%, hits 6-week low on surprise revenue guidance cut in Q2

Infosys's revenue guidance is a negative surprise and likely factor in impact from these ramp downs as well as backend ended and delayed ramp up in mega deal, according to analysts.

Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare

Stocks to watch on October 13, 2023: Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier

Infosys announces five-year extension of its JV pact with Temasek

India's second largest IT services company Infosys on Thursday announced a five-year extension of its joint venture collaboration with Temasek, a global investment firm headquartered in Singapore. The extension underlines the shared objective of creating impactful digital transformation and investing in digital talent in Singapore, a statement said, announcing that Infosys and Temasek have extended the digital services joint venture for a period of five years. Infosys Compaz -- Infosys-Temasek joint venture (JV) company -- has collaborated with large corporations in Southeast Asia on their digital transformation journeys, leveraging deep technology expertise across cloud, data and analytics, cybersecurity, digital, artificial intelligence (AI) and automation, among others. Meanwhile, Infosys in a filing said that based on the recommendation of the nomination and remuneration committee, its Board approved the appointment of Nitin Paranjpe as an additional and independent director ...

Q2 results: Infosys cuts FY24 guidance to 1-2.5%, net profit up 3.2%

For the second quarter of FY24, the company reported net profit of Rs 6,212 crore up 3.2 per cent year-on-year (YoY). Sequentially, it was up 4.5 per cent