3,000 jobs to get affected post RBS project scrap: Infosys

August 16, 2016

New Delhi, Aug 16: Infosys has said it will ramp-down about 3,000 jobs following Royal Bank of Scotland's decision to cancel the project to set up a separate bank in the UK.

infosysRBS announced last week that it will not pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), for which Infosys was a key technology partner.

"Infosys has been a W&G program technology partner for Consulting, Application Delivery and Testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3,000 persons, primarily in India, over the next few months," Infosys said in a statement.

An Infosys spokesperson clarified that these jobs are not being cut and that the employees will be reallocated to other projects.

RBS is a key relationship for Infosys and the company looks forward to further strengthening strategic partnership and working with them across other strategic and transformation programmes, it added.

While Infosys has not specified the impact of the cancellation, market analysts peg it at around USD 40 million.

The loss of the five-year 300-million pound RBS deal could force Infosys to further downgrade revenue guidance for FY2016-17. Infosys had in July slashed annual sales outlook citing weak demand to 10.5—12 per cent in constant currency terms, lower than the previously estimated 11.5—13.5 per cent.

Stock of Infosys was trading at Rs 1,054.10, down by 0.87 per cent on BSE in afternoon session.

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Media Release
March 15,2020

First Steps Pre-School, Kudroli celebrated Red Day on Friday, 14th March 2020 with elegance. To mark the celebration, all the tiny tots wore Red clothing and brought Red coloured fruits, vegetables & toys to share with the class and each pre-schooler briefly described his or her Red item brought to the class. 

The classroom was decorated with red streamers, balloons and table settings. The bulletin board was designed with the word ‘Red’ with pictures of Red animals, vehicles, plants and foods.

The Bloomings were asked to bring Red coloured objects for a ‘Show and Tell’ activity.

The teachers collected the objects from the children and displayed them on a table and taught the names of the objects to the children and also introduced many other facts about them. Students were given a thorough understanding of the colour red through different activities.

The kids actively participated and were very happy and excited. Parents were equally thrilled and overwhelmed due to their child’s participation.

Career Guidance Counsellor, Distinguished Toastmaster (DTM) Shameer Ahmed was the chief guest of the event. He addressed the students on the importance of colours and explained the purpose of conducting such an event to boost the confidence and creative culture in kids.
 
Headteacher Himna S. Ahmed enlightened the importance of colour in our life. She further added that Red is the best colour to create enthusiasm for life and can awaken greater confidence & optimism. In the meaning of colours, Red inspires original thought and inquisitiveness. 

Red is the colour of energy, strength, power, determination as well as passion, desire, and love. Red is a very emotionally intense colour. Children learnt the significance, importance and identification of the colours.

The teachers Himna, Azeema decorated the classrooms with red objects that children can easily identify with. They created beautiful red tables, red drapes, red balloons, red toys, red boxes, red balls, red fruit and vegetable cutouts etc. Everywhere the kids looked, they found something or the other in red. Learning was fun on red day and the children are looking forward to learning about yet another colour.

Event coordinator Shehzan S. Ahmed arranged the event in a skilled manner, which added a feather to the event.

In the end, each child was sent home with a bright Red smiley prop. and the colouring sheets which they coloured as an indoor activity to commemorate the Red day.

The event magnificently concluded with refreshments for the kids of pre-school.

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Media Release
July 12,2020

Mangaluru: COVID-19 has disrupted the traditional academic year.  Due to the on-going pandemic situation and the financial crisis, the management of The Shepherds' International Academy, Mangalore (TSIA) has decided to reduce the annual school fees by 50% for the academic year 2020-21.

In a media release, TSIA correspondent stated that even though the school hasn't met the regular operating expenses, the management's decision is for the benefit of the communities.

The correspondent also informed that TSIA will start online classes  on receipt of the official nod from the Govt. Educational department.

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Media Release
January 14,2020

Mangaluru, Jan 14: The Star Education Institute organized Talents day celebration on 14th January 2020.

This program was presided by Janab Muhammed Saleem Malar, the Director of Star Education Institute, who gave the message about the encouragement of students talent.

The Chief guest of today’s program was Sunil Kumar Bajal , Ex- President old students union Mangaluru, who gave a message about Young generation and their role in the development of the nation.

Mrs. Prabha Naveen, Principal of Star Education Institute who gave the report of the activities of the Institute.

Mohammed Fatheen SPL and Zohara Farahath Secretary were also present on the dias.

Miss. Raksha P. J Science faculty welcomed the gathering. Miss Dipthi D’silva, Commerce faculty and Miss. Thanushree Computer faculty call out the prize list. Mrs. Deepa Lokanath, Commerce faculty proposed a vote of thanks. This programme was anchored by Mrs. Mohini. S. Thereafter the cultural programme was presented by the students.

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