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Infosys Announcements

Exchange:

Date Announcement
04-Mar-2021 Infosys announced that at it would be bringing 500 jobs to Calgary over the next three years, doubling its Canadian workforce to 4,000 employees by 2023. Within the last two years, Infosys has created 2,000 jobs across Toronto, Vancouver, Ottawa, and Montreal, with plans for further expansion across the country. The Calgary expansion will enable Infosys to scale work with clients in Western Canada, Pacific North West, and the Central United States across various industries, including natural resources, energy, media, retail, and communications. The company will hire tech talent from fourteen educational institutions across the country, including the University of Calgary, University of Alberta, Southern Alberta Institute of Technology, University of British Columbia, University of Toronto, and Waterloo. Infosys plans to build a strong pipeline to expand the skills needed to accelerate digital transformation. Infosys has recently been recognized as a Best Place to Work in Canada - Glassdoor Employees' Choice Award. Additionally, the company has been certified Global Top Employer by the Top Employers Institute – the regions covered include all of North America, APAC, and Europe.
26-Feb-2021 Infosys announced its commitment to add 300 American workers in Pennsylvania in continuation of its overall hiring plan in the U.S. The company, known for building leading-edge digital capabilities and training the next generation of global talent, will recruit for a range of opportunities across technology and digital services, client administration, and operations as it expands its new Retirement Services Center of Excellence (the Center). The Center will develop technology solutions and services to help firms capitalize on the opportunities emerging at the intersection of employee benefits, wealth management, and digital transformation, beginning with a focus on the employee-sponsored retirement plan experience. The Center was conceived last year following the partnership forged with Pennsylvania-based investment management firm Vanguard.
16-Feb-2021 Infosys McCamish Systems, a US-based subsidiary of Infosys BPM, the Business Process Management arm of Infosys announced the strategic purchase of a state-of-the-art New Business and Underwriting platform from STEP Solutions Group LLC to ease the complexity of all types of insurance products such as Life, Annuity, and Health, for individuals and groups across North America. STEP Solutions Group LLC is an affiliate of the Dillon Kane Group LLC based in Chicago, Illinois, with a successful track record in building leading-edge technology solutions in Insurance Underwriting and New Business. The powerful rule-driven New Business and Automated Underwriting platform from STEP will help Infosys McCamish in enhancing its industry-leading VPAS® policy administration platform to offer end-to-end business solutions in the North American insurance market. The platform quotes and recommends products based on the customer's lifestyle, financial state, and unique requirements, using digital portals and intuitive workbenches that drive business outcomes through a personalized experience. Integrated intelligent workflow supports full or partial automation of underwriting cases, which reduces cost and time-to-decision, and greatly speeds up policy issuance and assures consistent rating. The platform, which supports cloud-native microservices for flexible deployment options, is also fully integrated with ACORD Industry standards, external origination systems, as well as data and evidence providers such as MIB (Medical Information Bureau), MVR (Motor Vehicle Report), Rx (Prescription) and Credit Agencies in compliance with all the relevant state laws and other regulatory bodies in North America. Once deployed, the platform shortens the time to process a case from days, to a few hours.
12-Feb-2021 Infosys has agreed with ideaForge Technology, leading UAV systems manufacturing company, to invest an additional US$1.0 million (earlier, the Company had invested US$ 1.5 million in 2016) taking the cumulative investment to US$ 2.5 million as of date), subject to necessary closing conditions. ideaForge's UAV systems are increasingly being used across wide spectrum of organizations. Several customers of Infosys have also embraced UAV systems as they digitalize rapidly. The investment is intended to be utilized on R&D, sales, marketing, business development and working capital needs at ideaForge. This is expected to enhance joint capabilities to help our customers better. Based out of Mumbai, ideaForge is a leading UAV systems manufacturer known for rugged and highprecision UAV systems. The systems are used extensively for inspection, surveillance and mapping with integrated vertical solutions across Defense, Homeland Security, Mining, Construction, Agriculture, Energy and Utilities.
11-Feb-2021 Infosys, the Australian Open's Official Digital Innovation Partner, this year is applying technology to enhance tennis experiences for those onsite and those unable to attend in person. Using digital as an equaliser to bridge the physical gap, Infosys and Tennis Australia are opening up new possibilities by leveraging cloud, AI, 3D virtual experiences and mobility. The innovations are envisioned to alter the sporting normal well beyond the current Grand Slam and represent a shift towards placing digital at the core of the tournament to elevate immersion, passion, brilliance and experience for those on court and across the globe.
10-Feb-2021 Infosys announced that it further enhanced its collaboration with Toyota Material Handling (TMH), a North American leader in material handling innovation, to deliver an immersive experience to its dealer ecosystem on the Infosys Meridian platform. A part of Infosys Cobalt, Infosys Meridian enables enterprises to evolve into a remote-first, hyper-productive anywhere workplace that deepens stakeholder engagement, streamlines work processes and enhances productivity. Infosys has been collaborating with TMH for about two years in multiple digital transformation initiatives including its global telematics solution, enterprise data strategy and hyper automation. TMH holds a premier annual event to engage with its dealer partners. In this event they showcase their existing offerings and solutions and launch new products. With wide-spread social distancing, it was very challenging for them to achieve this in an effective manner. TMH partnered with Infosys to host this 4-day event, virtually on the Infosys platform. Delivering hyper-personalized experiences to dealers from across North America, the company disseminated information on the latest products and innovations in its forklifts and advanced logistics solutions. Infosys Meridian's observability and AI virtual assistant capabilities helped Toyota Material Handling to engage with dealers seamlessly through highly captivating and experiential virtual events.
08-Feb-2021 Infosys announced a strategic collaboration with Spirit AeroSystems, a leading aero structures manufacturer. Spirit has chosen Infosys as its lead technology integration partner to help drive and set up the end-to-end applications and infrastructure integration of a few of Bombardier's former aerostructures and aftermarket services assets, which have been recently acquired by Spirit. As the exclusive IT partner, Infosys will leverage its system integration expertise, ecosystem partners, and extensive knowledge of the aviation sector to develop a robust IT framework, which will be built on infrastructure solutions powered by Infosys Cobalt. Seamless IT integration is imperative for successful mergers and acquisitions. The partnership will enable Spirit AeroSystems to empower stakeholders by transforming business applications and facilitating agile, resilient operations on the cloud.
29-Jan-2021 Infosys has been recognized by the Top Employers Institute as a Top Employer 2021, across Europe, Middle East, Asia Pacific and North America in recognition of its excellence in employment practices. Infosys has been recognized with the Top Employer Global certification across the following regions: 1. North America – USA, Canada, Mexico
2. Asia Pacific – India, Singapore, Australia, New Zealand and Japan
3. Middle East – UAE, Bahrain & Oman
4. Europe – Belgium, Netherlands, Germany, Sweden, Switzerland, Romania, France, Ireland and the United Kingdom
28-Jan-2021 Infosys has achieved Elite Status in the Snowflake Partner Network. Along with Snowflake, the Data Cloud company, Infosys will offer transformational solutions for enterprises, built on Snowflake's Data Cloud, which include a hyper data economy for enterprises, proven industry and business solutions and managed cloud consumption solutions from the Infosys Cobalt portfolio.
27-Jan-2021 Infosys has been recognized as the fastest growing among the top ten IT services brands, by Brand Finance, the world's leading brand valuation firm, in its Global 500 2021 report. The brand valuation summarizes three years of significant brand growth for Infosys, marked by over 29% increase in its brand value over three years, bringing it to $8.4bn in the 2021 ranking, and positioning it among the Top 5 brands in IT services globally throughout this period.
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Flash News 08-Mar-2021
  •  ( 15:31) India Grid Trust buys NER-II Transmission from Sterlite Power for Rs 4,625 cr  
  •  ( 14:38) Metal stocks advance  
  •  ( 14:37) Shares trade with minor gains  
  •  ( 14:22) Talbros Automotive receives multiyear orders worth Rs 304 crore  
  •  ( 13:39) SBI Cards board to mull fund raising on 12 March  
  •  ( 13:36) The Nifty breaches its psychological 15,000 mark  
  •  ( 13:34) Benchmarks slide lower, yet market breadth remains strong  
  •  ( 13:28) India Ratings revises ratings of Happiest Minds to ‘IND A-'  
  •  ( 13:11) Vivimed Labs receives approval for two products from Uzbekistan Government  
  •  ( 13:10) Meera Industries bags an exports order worth $180,000 from Turkey   
  •  ( 12:37) The Nifty index held its 15,000 mark  
  •  ( 12:36) Indices trade range bound; strong market breadth  
  •  ( 12:27) Muthoot Finance chairman M G George Muthoot dies  
  •  ( 12:27) Just Dial signs advt agreement with Star India for IPL  
  •  ( 11:51) Natco Pharma receives final approval for everolimus tablets in the US market  
  •  ( 11:27) The board of Indian Bank divests stake in JV to monetise its non-core assets  
  •  ( 11:00) ICICI Prudential MF sells 8.10 lakh shares (0.32% stake) of Tata Chemicals  
  •  ( 10:51) Benchmarks hit fresh intraday high  
  •  ( 10:32) Bank stocks in demand  
  •  ( 10:09) Cipla winds up its UK-based arm, Cipla (UK) from 5 March 2021 onwards  
  •  ( 10:08) Mishra Dhatu raises Rs 50 cr from Union Bank of India  
  •  ( 09:53) Force Motors February 2021 production down 1.87% Y-o-Y to 1,829 units  
  •  ( 09:29) Nifty regains 15,000; breadth strong  
  •  ( 09:21) Maruti Suzuki Feb. 2021 production nos. up 19.33% Y-o-Y to 1.68 lakh units  
  •  ( 09:21) Market trading higher in early trade  
  •  ( 09:21) Maruti Suzuki Ind. Feb. 2021 production nos. up 19.33% Y-o-Y to 1.68 lakh units  
  •  ( 08:24) Asian shares trading higher  
Show News
08 March 2021 00:00
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