Page 28 - Infosys

Intelligence just got real: IT companies hard-pivot to Generative AI

The company, which will announce its results on July 20, clarified that it was a closure of an old deal. It, however, refrained from disclosing the name of the client

Infosys surges 4% on signing a 5-year AI deal with $2 billion target spend

Infosys was trading at its highest level since March 2023. In the past four trading days, the stock has rallied 11 per cent after sector major TCS and HCL Tech released their Q1FY24 results

IT companies to focus on fixed price projects to improve margins: Report

Fixed price projects allow companies to control the cost better and also to introduce automation in the projects

Infosys signs 5-year AI deal worth nearly $2 bn with existing client

In May, Infosys launched Topaz, a comprehensive suite of services, solutions, and platforms that harness the power of generative AI technologies

Infosys, HCLTech put off pay hikes for employees; TCS bucks trend

Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the matter, the report said

Infosys' US arm expands to Canada, opens 10,000-sq ft digital centre

IT company Infosys on Thursday said it has set up a new subsidiary in Canada under its US arm Infosys Public Services. Headquartered in Ottawa, Infosys Public Services Canada will span over 10,000 square feet. "Infosys Public Services (IPS), a North America-based company of Infosys, today announced the opening of its new subsidiary, Infosys Public Services Canada, Inc headquartered in Ottawa, Ontario with local offices in Mississauga ON, Calgary AB, and Burnaby BC," the company said in a statement. The expansion follows a series of Infosys' investments in the Canada. IPS Canada aims to work with local universities and technical colleges to recruit talent, it added. "This IPS Canada announcement is the latest development in a series of investments made by Infosys which has expanded the employee count to over 7,000 with a commitment to increase to 8,000 employees by 2024," the statement said. IPS Canada will help modernize public sector service delivery for new and existing federal

Infy, Coforge: Breakout in IT index may assist stocks to soar up to 10%

While index requires to scale major hurdles, the aggressive rally towards those has triggered positive upside in IT stocks.

Large cost-optimisation deals returning for top Indian IT companies

In recent months both TCS and Infosys announced bagging mega deals

Infosys placing emphasis on upskilling employees: Nandan Nilekani

Nandan Nilekani said that Infosys spares no effort in giving its employees opportunities to upskill and improve

Infosys sharpens focus on generative AI, open to acquisitions: Parekh

"We are looking more carefully at the future of acquisitions," said Parekh

AI-first strategy working for Infosys despite unresolved issues: Nilekani

Artificial Intelligence-first business strategy adopted by Infosys is working well for the company despite unresolved ethical and IPR issues around the technology, Infosys Chairman Nandan Nilekani said on Wednesday. In his address at Infosys' 42nd Annual General Meeting, Nilekani said the company can be more efficient while nurturing readiness for growth, given its performance in challenging scenarios created by inflation, interest rates, geopolitics, demand volatility and supply chain dislocations. "Several practical, ethical and intellectual property-related issues, when it comes to AI remain unresolved. We also know that the motto of scaling AI in the enterprise is far from simple. And yet, the AI-first strategy we're embracing already working for us," Nilekani said. He said that the board has approved a dividend of Rs 17.5 per share, taking the total to Rs 34 per share. "The company has returned approximately 86 per cent of free cash flow to shareholders over four years startin

Stocks to Watch: SBI, HDFC twins, JSW Steel, Vedanta, TCNS, ITC, ABFRL

Stocks to watch on June 28, 2023: HDFC said the announced dates for its merger into HDFC Bank are tentative and subject to completion of certain formalities; JSW Steel could replace HDFC in Sensex

Infosys bags $454 mn deal from Danske Bank; to acquire bank's IT centre

IT major Infosys has bagged a digital transformation deal from Denmark-based Danske Bank estimated to be around USD 454 million for five years, the company said on Monday. As part of the strategic collaboration with Danske Bank, Infosys will acquire Danske Bank's IT centre in India, which employs 1400 digitally skilled professionals "Danske Bank, a leading Nordic bank, has selected Infosys as Strategic Partner to accelerate the bank's digital transformation initiatives with speed and scale. This collaboration will help Danske Bank achieve its strategic priorities towards better customer experiences, operational excellence, and a modernised technology landscape, powered by next-gen solutions," Infosys said. Nordics is a strategic market for Infosys and this collaboration further enhances our commitment to the region. "The estimated deal value is USD 454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times," the company ...

Infosys inks $454 mn deal with Danske Bank; to acquire its India IT centre

The deal is estimated at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times

Infosys signs $454 mn deal with Danske Bank to boost digital transformation

The deal is valued at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times

Stocks to Watch: IndusInd Bank, Ipca Lab, Infosys, ICICI Securities, RVNL

Stocks to Watch on June 26, 2023: The Hinduja Group is in talks to invest Rs 10,000 crore to hike its stake in IndusInd Bank, as per media reports

Learning to grow

Higher education needs to attract private funds

Infosys to provide certification in AI, generative AI skills on Springboard

IT services company Infosys on Thursday announced it has launched a free Artificial Intelligence (AI) certification training on Infosys Springboard Virtual Learning Platform. According to a statement, Infosys AI-first specialists and data strategists, responsible for delivering Infosys Topaz AI-first set of services, solutions, and platforms will help shape the curriculum, to arm learners with future-ready skill sets. Infosys will provide certification in AI and Generative AI skills, crucial for landing jobs, through Infosys Springboard Virtual Learning Platform, it said. The certification will offer a variety of courses that cover a slew of topics related to AI, including an introductory course on AI and Generative AI, with a focus on deep learning and natural language processing, and a masterclass on AI and the impact of Generative AI. Moreover, a customised course on 'Citizens Data Science' will aim to cover various aspects of the data science discipline, including Python ...

Generative AI may affect 1% of IT jobs in India, add $2-3 billion revenue

Expansion of the usage of AI may not necessarily mean job losses but it may play an increasingly significant role in how certain parts of these jobs are performed

Infosys, association of tennis professionals launch 'Carbon Tracker'

Infosys solution to enable ATP players to track and mitigate their carbon emissions from travel on the tour