Infosys spends lakhs on training freshers; each talent costs this much to the tech firm
Posted on 13th June 2019 |
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| India’s second largest information technology services firm Infosys spends about Rs 14 lakh on the training of each student, after which it takes them 12 weeks to become productive, Ravi Kumar, President and Deputy COO, told CNBC TV18. Infosys, which hires students from schools and colleges, has picked some 3,000 students and is focussing on training, skilling and building talent locally, Ravi Kumar added. The bellwether for the IT industry in India, Infosys attracts a large number of software engineers every year. Ravi Kumar also said that the company has got the magic formula of training students from schools and creating a talent pool which doesn’t exist in the market. The company hired more than 24,000 professionals in the financial year ending March 2019, according to reports. IT Software and Hardware industry has been the top employment provider in the country for some time now, according to some reports. IT – Software in April 2019 recorded a notable rise of 39% growth over last year, a Naukri JobSpeak report had recently revealed. The demand for IT software professionals has been high and the same observed a rise of 33% in April 2019, compared to the same period last year. Recently, Infosys had offered 5 crore shares to employees as a part of an expanded stock ownership programme. The company’s move was intended at attracting top talents. The Expanded Stock Ownership Program 2019 links long term employee incentives with shareholder value creation, said the firm. By making the employees stakeholders in the company, Infosys CEO Salil Parekh said, the employees get an opportunity to be beneficiaries in the long term success of the company and realize the results of their work and dedication. “Our employees are our biggest asset, and through this program, we aim to recognize and reward individuals who are committed to driving value creation for all stakeholders through their continued and consistent performance,” he had said in a press release. |
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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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