Page 24 - Infosys
How customer support agents are learning the ropes of work from home
Anantha Radhakrishnan, CEO and MD of Infosys BPM, sees in this disruption an opportunity to digitise the entire value chain
 "How customer support agents are learning the ropes of work from home")
Job cuts in IT sector likely if biz climate doesn't improve soon: Nasscom
Many of the industry's clients closed their set-ups globally as part of containment measures to check coronavirus. Travel and hospitality, aviation, retail, auto and manufacturing hit the hardest
 "Job cuts in IT sector likely if biz climate doesn't improve soon: Nasscom")
US court dismisses class action lawsuit filed against IT major Infosys
Whistleblower complaints alleging certain unethical practices by the top management emerged in October last year
 "US court dismisses class action lawsuit filed against IT major Infosys")
IT firms seek higher volume of work from clients amid price discount demand
Higher volume may offset losses from delayed payment in short-term; travel & hospitality, auto cliebts make max requests for delayed payment; Large IT firms likely to gain most from price war
 "IT firms seek higher volume of work from clients amid price discount demand")
Covid-related disclosures by Indian companies
While filing their financial results for FY20, corporations should adequately address the Covid-19 related concern and its impact on asset quality
 "Covid-related disclosures by Indian companies")
Different Centre-state rules slow India Inc's bid to restart business
The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.
 "Different Centre-state rules slow India Inc's bid to restart business")
Covid-19: Infosys partners Rhode Island to launch contact tracing solution
The company has developed a mobile app that will help Rhode Islanders follow required health and safety guidelines
 "Covid-19: Infosys partners Rhode Island to launch contact tracing solution")
L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4
Revenue of the Mumbai-headquartered IT services firm rose 21.2 per cent year-on-year to Rs 3,011.9 crore during this period.
 "L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4")
Covid-19 crisis: IT services companies pad up to reopen offices for staff
Apart from issuing guidelines for employees with dos and don'ts, the companies are using technology-led solutions to ensure social distancing at workplaces.
 "Covid-19 crisis: IT services companies pad up to reopen offices for staff")
Market Wrap, May 15: Here's all that happened in the markets today
Of 30 constituents, 20 declined and 10 advanced. Mahindra & Mahindra ended as the top loser on the index while telecom major Bharti Airtel was the biggest gainer
 "Market Wrap, May 15: Here's all that happened in the markets today")
IT firms form teams to chase revenue streams emerging from Covid-19 crisis
Industry observers said the high level of virtualisation across most sectors has led to increased demand for various IT services.
 "IT firms form teams to chase revenue streams emerging from Covid-19 crisis")
RIL, Infosys, HUL account for 51% recovery in Sensex from 52-week low
In all, these three entities have added Rs 5.8 trillion to their m-cap during the period, against a Rs 11.3-trillion rise in the incremental m-cap of all 30 Sensex companies
 "RIL, Infosys, HUL account for 51% recovery in Sensex from 52-week low")
Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%
According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.
 "Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%")
Both clients & vendors have to think about adoption of WFH model: Infy COO
With relaxations in the nationwide lockdown induced by Covid-19, Infosys plans to adopt a staggered approach in getting back employees to office.
 "Both clients & vendors have to think about adoption of WFH model: Infy COO")
10 most-valued domestic firms add Rs 3.10 trn to m-cap; TCS biggest gainer
Reliance Industries Ltd witnessed a rise of Rs 31,506.3 crore to Rs 9,30,006.19 crore in its valuation
 "10 most-valued domestic firms add Rs 3.10 trn to m-cap; TCS biggest gainer")
IT firms with higher fixed-price contracts may see lower impact on top line
HCL Tech, Wipro have more than 60% of revenue coming from such contracts, while Infosys has more than 50% share
 "IT firms with higher fixed-price contracts may see lower impact on top line")
Tech Mahindra Q4 net falls 29%; recommends final dividend of Rs 5/share
The Pune-headquartered company reported Rs 804 crore in consolidated net profit for the March quarter (Q4FY20), a decline of 29.1 per cent on year-on-year (YoY) basis
 "Tech Mahindra Q4 net falls 29%; recommends final dividend of Rs 5/share")
Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products
Firms drawing higher revenue from software products and platforms have edge over peers
 "Advantage Infosys, HCL as India Inc unlikely to cut spending on IT products")
Employee count shows Indian IT biggies hired fewer people in March quarter
TCS showed marginal rise in their employee count, as Infosys and Wipro witnessed drop in their staff base on sequential basis
 "Employee count shows Indian IT biggies hired fewer people in March quarter")
RSI indicator hints at positive momentum in Nifty; stay long: Nilesh Jain
The volatility India (VIX) has fallen below 40 levels, which is giving comforts to the bulls
 "RSI indicator hints at positive momentum in Nifty; stay long: Nilesh Jain")
