Infosys opens 4th US tech centre in Connecticut Posted on 16th March 2018 |
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| BENGALURU: Infosys will open its fourth tech and innovation hub in Hartford, Connecticut, and hire 1,000 American workers by 2022. It inaugurated its first tech hub in Indianapolis, Indiana, followed by Raleigh in North Carolina and a design and innovation hub in Providence in Rhode Island. The Connecticut hub will have a special focus on insurance, healthcare and manufacturing. It will bring Infosys closer to its Connecticut clients and serve as the global hub to further strengthen its insurtech and health tech efforts. Last year, Infosys had said it would hire 10,000 American workers over the following two years and establish four technology and innovation hubs in the US. Ravi Kumar, president of Infosys, said this investment will further strengthen the company’s ability to serve clients’ needs throughout the New England region and expand the local workforce to help its clients compete in the rapidly digitising insurance, healthcare and manufacturing sectors. “Hartford’s position as the insurance capital of the world, paired with Connecticut’s world-renowned academic institutions, will place Infosys in proximity to valued clients and accelerate the recruitment of highly-skilled local talent,” he said. The hub will include insurance and healthcare labs that focus on smart underwriting, claims fraud, IoT and cloud. Infosys will also leverage the hub to train its employees in agile, cloud and information security projects.Connecticut governor Dannel P Malloy said, “I look forward to the value that Infosys will bring to our business community.” |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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