'If there was compassionate capitalism, what need for corporate social responsibility?', Priyanka Kharge’s riposte to Narayana Murthy
Noting that the government had rolled out the guarantee scheme just a few months ago, Kharge said that those who criticise the schemes should wait at least one full financial cycle.
The Infosys co-founder also said compassionate capitalism is the only solution for a poor country like India to become a prosperous nation.
The report said Bengaluru, Hyderabad and Chennai contributed 58% to total office leasing and 70% to new supply during Q3 of this calendar year.
The IT sector has been facing many challenges including macroeconomic headwinds and delays in decision making by clients.
"Our nation, targeting a GDP of $5 trillion soon, will not find it a big financial burden,” he said.
In March this year, Tech Mahindra announced Infosys veteran Mohit Joshi as the MD and CEO designate of the company.
The NHAI aims to complete the filling by Saturday night and expects to finish the road tarring process by Monday.
Regarding personal finances, your ability to earn more can affect your long-term wealth. A lot of youngsters are planning to retire early.
Top IT firms like TCS, Infosys and Wipro gradually calling back their employees to office
From March 2020, employees have been working from home, and in April last year, the company began its hybrid model, offering flexibility to employees.
"Every quarter, every week, we are seeing more and more employees back into the campus and we believe this will continue on," Salil Parekh, CEO and MD, Infosys, said.
He added that the world and India need to keep sustainability in mind and build models such as the new technology for mobility as it is the need of the hour.
Disagreeing with Murthy, upGrad founder Ronnie Screwvala in a post said boosting productivity isn’t just about working longer hours.
The Infosys founder urged the youth of the country to step up productivity to compete with those countries that have made tremendous progress.
Infosys has slashed its FY24 guidance to 1-2.5%. Earlier in July, it slashed its FY24 revenue guidance from 4-7% to 1-3.5%.
Hoping that Infosys would do wonders for Vizag, he noted that IDC, which was beginning its operation with a strength of 1,000 employees, would expand further.
Accommodating more than 1,000 employees across 10 business units, IDC fosters inclusiveness and equality through modern hybrid workplaces, incorporating new designs and harnessing local talent.
The IT services company lowered its revenue growth guidance to 1-2.5% from the previous estimates of 1-3% citing challenges in discretionary spending and slow decision-making in the market.
On the return to office, the IT company said it wants to remain flexible with employees.
This is the sixth consecutive quarter that Infosys has been seeing a decline in hiring and the second quarter in a row when its total workforce strength has slipped.