Indian IT honchos put on a brave face as GenAI disruption looms

India’s leading IT services companies, TCS, Infosys, and Wipro, find themselves at a critical juncture as the rapid rise of generative AI and its potential to disrupt traditional business models casts a shadow over the industry’s future. While the management teams of these IT giants paint a picture of resilience and opportunity in the face […]

Infosys buys Singtel’s Malaysia delivery center

Infosys Ltd, one of India’s top IT services providers, said it has agreed to acquire Singapore Telecom’s Malaysia delivery center for up to SGD 6 million or around Rs 33.3 cr. Global Enterprise International Malaysia “acts as a delivery center to provide customer experience and technology services to Singtel,” the Bangalore-based company said. The company […]

Infosys to introduce Amazon’s Cobalt quantum computing service to clients

Infosys, a prominent supplier of IT services and products to enterprises, said it will explore the use of Amazon’s Cobalt ‘quantum computing’ platform to build quantum computing applications for clients. Quantum computing refers to the use of non-binary technologies to carry out computations. Traditional computers carry out all computations by reducing all data into a […]

Infosys Finacle gets new client for cloud computing solution

Infosys Ltd said Philippines-based UnionBank has selected its Finacle banking platform as its software of choice for easing its migration to a cloud architecture. The UnionBank of Philippines, a medium-sized bank with over 3,500 employees, is a traditional Infosys’ customer. Banks are increasingly moving from the traditional IT architecture — under which they buy accounting, […]

ArcelorMittal is Infosys’ new client

Outsourced services provider Infosys today bagged a major client in the form of ArcelorMittal, the world’s leading steel and mining company. ArcelorMittal is a Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel and is the world’s largest steel […]

5G could spell bonanza for TechM, Wipro, TCS & Infy

A move away from traditional equipment vendors such as Ericsson and Huawei by telecom operators could open up a multi-billion dollar market for the likes of Tech Mahindra, Wipro, HCL Technologies, TCS and Infosys. Traditionally, telecom operators like Bharti Airtel and Vodafone Idea have almost completely outsourced the construction and management of their networks to […]

Infosys to provide workspace solution to German chemicals maker

As the Coronavirus pandemic tightens its grip over the world, Infosys has announced a long-term contract with a billion dollar Germany chemicals maker to provide a managed workspace solution for its 14,300 employees in 33 countries. “Infosys will setup an end-user centric modern workplace with globally standardized device/workplace landscape (for Office, Functional and Virtual users) […]

Infosys certified as Managed Service Provider by Google Cloud

Infosys said it has qualified as a ‘managed service provider’ for Google’s cloud computing products. Google gives the title of managed service provider or MSP to those companies who “have shown deep cloud expertise”. “From deep daily engagement across Google Cloud business and technical teams to quarterly business reviews, these partners will have the tools […]

Infosys to acquire ABN AMRO’s mortgage services unit

Bengaluru-based IT services firm Infosys said it will take over the mortgage administration services unit of ABN AMRO, based in Amsterdam, Netherlands. Infosys will acquire a 75% of the shareholding in Stater, while the remaining stake will continue to be with ABN AMRO. Financial details of the deal were not disclosed. Stater offers pure-play, end-to-end […]

Infosys pays Rs 34.35 lakh to SEBI over severance to Rajiv Bansal

Infosys said it has paid Rs 34.35 lakh to settle the investigation into the incident of the company paying over Rs 17 cr as severance pay to Rajiv Bansal, who resigned as its finance head in October 2015. There have been allegations, including from the side of founder Narayana Murthy, that everything was not well […]

Infosys to create 1,200 digital tech jobs in Australia

Infosys, the Bangalore-based technology company, announced it would create 1,200 jobs in Australia and open three new ‘innovation hubs’ by 2020. The company said 40% of the jobs will be filled with Australian university graduates from areas like computer science and design. This is part of the company’s efforts to broad-base its workforce by opening […]

Infosys to open 1000-employee center in Arizona

Infosys said it will open a ‘Technology and Innovation Hub’ in the US state of Arizona and hire 1,000 American workers in the state by 2023. Infosys said it has hired 5,874 American workers in the last 16 months. Arizona center will focus on autonomous technologies, Internet of Things (IOT), full-stack engineering, data science and cyber security. […]

Infosys doubles investment in startup TidalScale to $3 mln

Outsourced services provider Infosys said it has made yet another investment of $1.5 mln in start-up software company TidalScale, taking the total to $3 mln. TidalScale creates software that helps ‘merge’ multiple servers (or powerful computers) into a giant and super-powerful unit. Traditionally, the need for more power has been met by ‘clustering’ servers together. […]

Infosys buys Nordic Salesforce.com consultant for undisclosed amount

Infiosys announced it was buying Europe-based Salesforce consultant Fluido for an undisclosed sum. The acquired company has over 240 specialists and offices in Finland, Denmark, Sweden, Norway and Slovakia. Salesforce is a low-cost alternative to customer relationship management software from the likes of Oracle and SAP, and is preferred by smaller organizations and those that […]

Infosys CEO Salil Parekh dismisses growth concerns

Infosys CEO Salil Parekh reassured investors that the IT services behemoth was not facing a growth crisis because of the replacement of traditional sourcing models with digital services. He said new age services — such as analytics, marketing, digital product design, digital system integration, cloud migration and cyber security were already at a huge size, […]