Page 2 - Infosys

TCS on the verge of closing deals worth $1 billion with Marks & Spencer

In addition to this, TCS is also working towards renewing their existing five-year engagement with the UK-headquartered company

Infosys partners with social organizations to bolster women empowerment

Infosys Foundation, the philanthropic and CSR arm of Infosys, on Tuesday said a grant of Rs 39.6 crore has been extended to social organisations to bolster women empowerment through education and employment in the country. The Foundation has "signed Memorandums of Understanding (MoU) in this financial year, with Avanti Fellows, Nirmaan Organization, and Shrimad Rajchandra Aatma Tatva Research Centre, to bolster women's empowerment in India," a company statement said. "These strategic collaborations are aimed at providing quality education and employment opportunities to women from underprivileged communities across the country." The Infosys Foundation's strategic collaboration for empowering women includes a grant of Rs 25.7 crore to Avanti Fellows to provide free engineering and medical test preparation for over 10,000 girl students in government schools across Maharashtra, Telangana, Odisha, Rajasthan, Kerala, Karnataka, Tamil Nadu, North-East regions, and Delhi. A grant of Rs 4.

90% firms lack culture, structure to unlock digital growth: Infosys report

A mere 7 per cent of companies have the right combination of culture and operating structure to spur growth from digital technologies, according to a new research from the Infosys Knowledge Institute. The report -- based on a survey of 2,700 business executives across the US, UK, France, Germany, Australia, New Zealand, China, and India -- found that companies that make decisions based on high quality, transparent data and build a culture of responsible risk-taking are more likely to deliver profitable growth in tough macro-economic conditions. Moreover, organising around products, not process, gets new products to market faster, increasing early-mover advantage. The report by Infosys Knowledge Institute (the thought leadership arm of Infosys) found that nine out of ten companies lack the culture and organisational structure to unlock digital growth. It said only seven per cent of companies have the correct combination of culture and operating structure to boost growth from digital

Flexi work model is here to stay, was around even before Covid: Infosys

Coming to work voluntary, though firm is encouraging staff to come for 1-2 days a week; statement is of significance as several firms are asking employees to head back to office

VC model of investment looks like ponzi scheme: N R Narayana Murthy

Murthy believes that ChatGTP provides one with a certain knowledge and they can show their creativity and smartness…but cannot replace the human mind

Infosys starts pvt 5G-as-a-Service to drive business value for enterprises

Indian IT services major Infosys on Monday announced the roll-out of private 5G-as-a-Service to drive business value for its enterprise clients globally. Infosys' wireless 5G expertise and its private network management solution ensure high bandwidth, low latency, and reliable wireless connectivity for enterprises, the company said in a statement. "The private 5G-as-a-Service is customised to the specific needs of clients and is implemented in an agile and timebound manner. To reduce the complexity of deployment, Infosys has pre-integrated the 5G stack from multiple product vendors and tested against different use case requirements," the release said. Infosys' private 5G-as-a-Service incorporates multi-access Edge Computing (MEC), which reduces network lag by minimising the time required for data processing. "This enables a much more reliable network operation for high-bandwidth enterprise use cases such as remote-guided vehicles, drone-based real-time analytics, high-definition me

Generative AI like ChatGPT will be a co-worker, will not replace jobs: TCS

Tata Consultancy Services (TCS) feels generative artificial intelligence platforms like ChatGPT will create an "AI co-worker" and not replace jobs. Milind Lakkad, the chief human resources officer (CHRO) of the country's largest IT services firm that employs over 6 lakh people said such tools will help improve productivity, but not change the business models for companies. "..it (generative AI) will be a co-worker. It will be a co-worker and that co-worker will take time for them to understand the context of the customer," Lakkad said in an interview with PTI recently. The context for a job to be executed will be industry and customer-centric, which will continue to come from the human who is being assisted in tasks by such a co-worker, Lakkad explained. "It is not that jobs will get replaced, but the job definitions will change," he added in the comments which will assuage concerns about future of jobs in the sector which is one of the biggest recruiters of engineering talent in t

Narayana Murthy asks youngsters to ditch WFH, moonlighting; attend office

Murthy said the whole idea of working from the office three days a week and working from home is not the way young Indians should behave at this point in time

Infosys collaborates with Microsoft to drive industry adoption of cloud

Indian IT services major Infosys on Thursday announced that it will expand collaboration with tech giant Microsoft to drive enterprise cloud transformation globally. According to a statement, the extended strategic collaboration between Infosys and Microsoft is expected to benefit enterprises by bringing them the best of Infosys Cobalt cloud offerings and Microsoft's cloud computing technologies, led by Azure, across the business value-chain. "The deepening of the collaboration will entail the onboarding of Infosys Cobalt solutions to Microsoft's industry clouds, to empower enterprises to build agile cloud-powered platforms and innovate at scale," the statement said. The joint capabilities across application modernisation, enterprise solutions, data analytics and Artificial Intelligence (AI), digital workplace solutions, low-code, no-code power platforms and cybersecurity innovations will create a strong foundation for cloud-powered transformation.

Wipro President Rajan Kohli resigns after nearly three decades: Report

Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and led a team of over 100,000 employees

Delhi is one city where indiscipline is the highest: N R Narayana Murthy

Citing an example of traffic rule violation in the national capital, Infosys founder N R Narayana Murthy on Tuesday said that he feels uncomfortable coming to Delhi because it is the one city where indiscipline is the highest. While speaking at the All India Management Association (AIMA) Foundation Day, Murthy shared that people should treat community property better than personal property as one of the values to avoid issues of dishonesty in public governance. "I really feel very uncomfortable coming to Delhi, this is one city where indiscipline is the highest. Let me give you an example. I came yesterday from the Airport. At a red signal, there were so many cars, motorbikes and scooters, you know, violating the red light without a single care. "If we can't even wait a minute or two, just to move forward. Do you think those people will wait if there is money? Of course they won't wait," Murthy said. He said while emphasising on the creation of right value in the corporate world.

Nation needs to embrace compassionate capitalism: Narayana Murthy

Touching upon the issue of layoffs, Murthy said that it seems to have become a worldwide phenomenon as several companies are indulging in it

Infosys announces appointment of Shaji Mathew as group head of HR

Is also designated as executive officer for reporting under SEC rules and Key Managerial Personnel as defined under IndAS 24-Related Party Disclosures

Indian IT firms start training employees in ChatGPT, other AI-related tech

AI models are expected to disrupt Indian IT firms and their access to talent, as they make some jobs redundant

Moody's affirms Baa1 rating for TCS, Infosys, sees growth slowing in FY24

IT services companies expected to maintain businesses growth and market position

Cost cutting measures around the world help Top Indian IT firms gain ground

IT firms across the globe have taken steps to optimise costs in the current uncertain economic environment

Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan

Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption

Going slow: Infosys, Wipro keep Class of 2023 waiting for campus hiring

Industry players said IT hiring was not as strong as it was in 2022

Automation, skilling can bring in $282-bn profit globally: Infosys study

Shifting to a flexible, diverse, and digital work model may bring 7.7% higher profit growth and 6.7% higher revenue growth

2,500 IT freshers to be given pink slips for failing screening test: Report

The screening tests may also get more stringent as the firms are under pressure to honour campus offers but are already overstaffed