The New York-listed IT services giant follows a September to August financial year and is the first company to make an earnings announcement since the global pandemic began.
The state health department has already rolled out an interactive voice response system (IVRS) that calls people with recent international travel history and are home-quarantined, to check on their health status during the 14-day quarantine period.
PNB Housing is creating new software solutions for its wholesale loans business, specifically to make sure that disbursement of loans and management of the portfolio are easy and risk-controlled.
The spread of the coronavirus is causing issues for IT services companies and they are just beginning to evaluate the impact. IT services experts expect to see more companies seeking waivers as the intensity of the pandemic increases. Analysts said most work, though, was easy to move to a work-from-home model and that contracts had ‘force majeure’ clauses that would allow for it.
Coronavirus outbreak: Tata Sons asks employees to avoid domestic travel, cut down face-to-face meetings
“Please stop all non- essential travel – whether domestic or international, until further notice,” the Tata Sons advisory said. The previous advisory sent earlier in the month, asked employees to discontinue non-essential international travel. The advisory also asks employees to avoid large face-to-face meetings and gathering and to restrict essential face-to-face meetings to 20 people.
“Infosys is aware of the allegations against certain employees who have been found violating the company’s policies. The employees have been terminated, after a thorough internal investigation,” Infosys said in a statement. “Infosys takes any breach of its policies and code of conduct seriously and we are fully cooperating with the authorities,” the company added.
The National Association of Software and Services Companies (Nasscom) has asked the government to relax norms for a month to allow work-from-home for technology and backoffice employees as a measure to deal with the spread of Covid-19 virus in India.
This will enable them to provide services that are cheaper and one that can be dialled-up or down based on demand. Experts say the model is helping clients get better quality talent on projects and helping curb attrition.
Infosys held its annual management planning session last week to take stock of its initiatives and plan for the next financial year. A key goal is to ensure that the Bengaluru-headquartered IT services exporter ends the ongoing fiscal year at a fast growth clip, which will set the stage for the next.
The t company said it expected 2020 revenue to grow 10.5 per cent-12.5 per cent.
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