Page 2 - Infosys Ltd News

Accenture results: Worst behind for India IT; buy selectively, say analysts

Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results

Infosys, Swedish electric car maker Polestar to set up tech hub in B'luru

IT major Infosys has collaborated with Swedish electric performance car brand Polestar to create a base for the latter's development of in-car infotainment, software and electrical/electronics engineering, user experience, and cloud-powered digital services. As part of this partnership, Infosys will establish a global technology hub for Polestar at its development centre in Bengaluru, a regulatory filing said. "This hub aims to deliver electric vehicle (EV) software development and validation across many domains, including infotainment, advanced driver assistance systems (ADAS), and telematics," it said. It will support Polestar's product management, customer engagement, corporate solutions, and accelerate direct-to consumer digital services through cloud-native development, testing, and data engineering, it added. Infosys said it will leverage engineering R&D services provider in-tech, its latest acquisition, to complement the engagement. "Polestar is starting a new chapter in ..

Infosys to help Posti spruce up customer experience, efficiency with AI

Indian IT services company Infosys on Thursday announced it is extending strategic collaboration with Posti to enable the delivery and logistics services provider in Finland, Sweden and the Baltics to enhance customer experience and operational efficiency. Infosys will adopt an AI-driven approach powered by Topaz, its AI-first offering using generative AI technologies, to empower Posti with operational efficiencies and service quality. Infosys Cobalt will leverage its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services for enterprises to drive their cloud journey, and enhance business productivity. "Infosys today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden and the Baltics," the release said. Over the last five years through the collaboration, Infosys has helped Posti improve the resilience of IT systems, reduc

Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

Mphasis, Infosys fall up to 6%, Nifty IT 3% ahead of Fed rate cut decision

The fall in IT stocks may also be attributed to a report which says Accenture Plc is planning to push back the bulk of its staff promotions by six months

Infy, TCS, LTIM: Pivot levels to track on IT stocks as Fed readies rate cut

The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.

Infosys enters collaboration with UK's Metro Bank to digitalise operations

Indian IT major Infosys on Tuesday said it has entered into a long-term collaboration with British community bank Metro Bank to digitise the bank's operations. The collaboration will utilise Infosys Topaz, the firm's AI-first offerings, to enhance Metro Bank's digital capabilities, improve automation, refine data, and embed further AI capabilities. This will assist the bank in increasing efficiency and saving costs, a regulatory filing said. "At the end of this transformation, we will be a very different business, but the true essence of Metro Bank will remain the same -- a high-quality service organisation putting customers centre-stage," Metro Bank CEO Daniel Frumkin said. The bank expects to deliver 80 million pounds of annualised cost savings this year across multiple initiatives, as it progresses towards the target of reaching mid-to-high teen return on tangible equity by 2027, he added. "Our shared goal is to continually enhance customer engagement, community focus, and the

LIC appoints Infosys to build NextGen platform as part of DIVE programme

LIC expects this digital platform to be the foundation for building high-value business applications

Cobalt serves as a funnel for Infosys' AI-led deals under Topaz platform

Even as the company launched Topaz, its AI-first offering last year, Cobalt has been preparing clients for their next big jump in adopting AI

Infosys, Proximus Group come together to drive new business opportunities

IT services firm Infosys and Belgium-headquartered digital services and communication solutions provider Proximus Group on Tuesday announced a strategic collaboration aimed at unlocking new business opportunities, according to a release. The strategic collaboration will focus on a joint go-to-market approach that will leverage products of Proximus' International affiliates, including Route Mobile's Communications Platform as a Service (CPaaS) and Telesign's Digital Identity (DI) solutions. "This combined with Infosys digital services will drive innovation in omnichannel customer engagement and AI-driven digital assistants for their customers," a release said, adding that the collaboration aims to enhance digital security by providing digital identity and fraud protection solutions, that drive trusted communication online. The collaboration between Infosys and Proximus enables the two sides to further strengthen their digital offerings and drive their innovative solutions to business

IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.

Infosys onboarding delays: Centre asks Karnataka to take appropriate action

The Union Labour Ministry instructed the Karnataka State Labour Commissioner's Office to address the situation and ensure compliance with relevant labour regulations

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Infosys initiates formalities for onboarding graduates from 2022-batch

IT company Infosys has initiated the formalities for onboarding engineering graduates from the 2022 batch, and many of them have been intimated about the joining dates and other terms of offer, sources said. While IT union Nascent Information Technology Employees Senate (NITES) claimed that the company has already issued letters to over 1,000 campus hires, there is no official statement from Infosys on the issue yet. An email sent to Infosys did not elicit a response. Sources said that Infosys has indeed reached out to campus hires from the 2022 batch and formalities are going on. The onboarding will start from September-end or October, the sources added. Infosys CEO Salil Parekh had recently assured that offers given to freshers will be honoured by the company and followed by joining, although there have been some changes in dates. In a recent interview, Parekh told PTI: "Every offer that we have given, that offer will be (for) someone who will join the company. We changed some d

Infosys, Nvidia expand ties to develop GenAI-powered solutions for telcos

Infosys on Thursday said it has expanded its partnership with American chipmaker NVIDIA to develop GenAI-powered solutions for telecom operators. The IT major has developed three generative AI solutions powered by its AI-offering Topaz, which make use of NVIDIA NIM inference microservices, NVIDIA NeMo Retriever embedding models, and NeMo Guardrails to customise and deploy generative AI telco domain-specific large-language models. It has also used NVIDIA Riva to allow real-time transcription and translations for call centre agents, according to a regulatory filing. "Telcos are increasingly adopting generative AI solutions to improve the productivity of their businesses with smarter networks, more efficient operations, and enhanced customer service. "Leveraging NVIDIA's full-stack accelerated computing and AI platform, Infosys Topaz is delivering a suite of domain-specific solutions that will help telcos accelerate and streamline their adoption of generative AI," Ronnie Vasishta, Sen

Infosys joins Stanford affiliate programme to speed AI research initiatives

Infosys on Wednesday said it has joined hands with Stanford University Institute for Human-Centered Artificial Intelligence (Stanford HAI) to help accelerate AI research initiatives. The IT major will become a part of the institute's Corporate Affiliate Program, according to a statement. The initiative will leverage Infosys AI-offering Topaz to focus on key areas to drive innovation and accelerate enterprise AI adoption, the statement said. As part of this programme, Infosys will engage with Stanford HAI faculty and researchers on topics like responsible AI, optimisation of AI models for cost efficiency, and enhancing the effectiveness of business process value chain through AI and ML, among others. "Through this collaboration, Infosys will support the development of cutting-edge thought leadership and research that will help enterprises accelerate their AI journey in a responsible manner. "By incorporating the latest AI research and proven practices into Infosys Topaz, we aim to

Infosys hits 52-week high, rises 5% in three days; stock nears record high

Infosys share price has rallied 5 per cent in the past three trading days. The stock has surpassed its previous high of Rs 1,903 touched on July 29, 2024

Everyone with offer will join: Infosys CEO on 2022-batch onboarding delays

Infosys CEO Salil Parekh has indicated that offers given to freshers will be honoured by the company and followed with joining, although there has been some change in dates. The comments of Infosys top honcho assumes significance amid reports that the company has delayed onboarding of 2,000 fresh engineering graduates from 2022-batch. "Every offer that we have given, that offer will be someone who will join the company. We changed some dates but beyond that everyone will join Infosys and there is no change in that approach," Parekh told PTI in response to a question on reported delays in onboarding of 2,000 fresh engineering graduates for two years. The Bengaluru-headquartered IT company has an overall employee base of 315,332 as on June 2024. Recently, IT and ITES union Nascent Information Technology Employees Senate (NITES) had filed a complaint with the Ministry of Labour and Employment against Infosys for delaying the onboarding of 2,000 engineering graduates selected for syste

Infosys eyes acquisitions, more 'in-tech' buys possible: CEO Salil Parekh

After two acquisitions this year, India's second-largest IT services company Infosys is on the lookout to scoop-up more firms and says the acquisition matching scale of recent in-tech buy is certainly a possibility. In an interview to PTI, Infosys CEO Salil Parekh said the company is keen on acquisitions in areas like data analytics, SAAS, and may look at some geographies within Europe, and the US. Asked if more acquisitions could be of the scale matching in-tech, which came with a price-tag of 450 million euros, Parekh said, "Absolutely, I think those would be the size that we will look at in terms of scale, and given our structure we could do a few of those." Back in January, Infosys announced a definitive agreement to acquire 100 per cent of the equity share capital in InSemi Technology Services, a semiconductor design services company headquartered in India, for a consideration (including earn-outs, and management incentives and retention bonuses) totalling up to Rs 280 crore.

Govt likely to withdraw Infosys $4 billion tax demand after backlash

Authorities last month ordered Infosys to pay the additional amount, arguing that its overseas offices should pay GST dating back to 2017