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Boeing 737 Max Jets Crisis hits Infosys and TCS, $1 billion at stake

Boeing 737 Max Jets Crisis hits Infosys and TCS, $1 billion at stake

Boeing has stopped the production of 737 max Jets with effect from January 2019. This has created a big business concern for most of the major Indian IT firms. According to the reports, TCS, Infosys, HCL and L&T Technology have clients which are directly or indirectly connected with Boeing. These includes clients from various core domain like engine manufacturers, body suppliers, avionics etc. As a result of this, the major IT firms have direct exposure to Boeing and the halt…

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Telenet picks Infosys to drive its Digital Transformation journey

Telenet picks Infosys to drive its Digital Transformation journey

Infosys wins a five year contract from Telenet for its digital and data transformation program The two giants have already shared a 19 year old relationship in various IT services Telenet picks Infosys as its strategic and preferred partner to provide various IT services around digital transformation and data initiatives. The deal has been awarded to Infosys for a period of next five years. Infosys is a global leader in providing consulting, technology and next-generation services to a large number…

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Infosys launches Cyber Next platform powered by Microsoft Azure Sentinel

Infosys launches Cyber Next platform powered by Microsoft Azure Sentinel

Infosys, a global leader and country’s second largest software exporter announced that it has launched Cyber Next platform which will offer enhanced security monitoring, management, threat detection and response services to enterprises. Cyber Next platform is powered by Microsoft Azure Sentinel. Azure is the cloud computing solution provided by Microsoft and is one of the major cloud service provider in the market. What is Microsoft Azure Sentinel Microsoft Azure Sentinel is a cloud based Security Information Event Management (SIEM) and…

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Economic slowdown hits IT sector, they are finding it difficult to win large deals

Economic slowdown hits IT sector, they are finding it difficult to win large deals

Economic uncertainity coupled by a pressure to reduce costs is impacting IT sector Clients are skeptic about giving big projects to the IT vendors amid slowdown concerns Global economic slowdown and uncertainty about the growth prospects in coming quarters has resulted in declining business for IT companies. Most of the major IT companies are of the view that because of these concerns, clients are not willing to award big deals and hence the decision on such projects and deals are…

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IT sector to reduce their head count, slated to remove 30k-40k mid-level staff: T V Mohandas Pai

IT sector to reduce their head count, slated to remove 30k-40k mid-level staff: T V Mohandas Pai

The move is being looked at as a part of improving productivity with less no of people. Focused on automation and up-skilling, IT is banking on resources with multiple skills Indian IT sector is currently facing a rough patch owing to slow growth and a reduction in demand. Faced with this challenge, industry is looking to reduce the head count at their mid level staff. Generally speaking, in IT, mid-level staff is the one who has around 8-12 years of…

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Infosys enters into partnership with Siemens Gamesa Renewable Energy

Infosys enters into partnership with Siemens Gamesa Renewable Energy

Bangalore headquartered Infosys enters into a long term partnership with Siemens Gamesa Renewable Energy(SGRE) to support its digital transformation journey. As a part of this relationship, Infosys will provide end-to-end IT infrastructure transformation for SGRE which includes hybrid cloud transformation, software denied network, setting up an intelligent service desk and digital workplace services. SGRE also chose Infosys fir its application management and transformation service.