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

[email protected] (Agencies)
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
February 13,2020

St. Agnes College (Autonomous), Mangaluru, which is celebrating its centenary year, celebrated 99th college day and merit programme of the academic year 2019-20 in P.U College Auditorium on February 11.

Ms. Philomina Lobo, Retired Director, Secondary Education department of public instructions, Government of India was the chief guest of the programme. The programme began by evoking the blessings of God. Sr Dr M Jeswina A.C, Principal, St Agnes College, Sr Dr M Maria Roopa A.C, the Joint Secretary, Mr. Ronald Pereira PTA Vice President, Mr Charles Pais the Controller of Examinations ,Dr Subha Rao were  present.

Ms. Seemanthini, Assistant Professor, Department of Computer Applications presented the annual college report digitally, highlighting the achievements of the institution, staff and students for the academic year.

Addressing the students, Ms Philomina Lobo advised, “You have knowledge and intelligence but you need to pray for wisdom. Use your talents in the right way.” She also mentioned that the companies today are looking forward for skilful youngsters and asked the students to “be skilful” in order to achieve success in life.

Students received Principal's role of honour, various scholarships and merit certificates for their excellence in academics. The cabinet members of the current academic year were also awarded on the occasion. The Principal gave a token of gratitude to Ms Philomena Lobo, who is also an alumna of the college. Mrs Meera, HOD, Department of History proposed the vote of thanks.

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Agencies
July 3,2020

New Delhi, Jul 3: The Delhi High Court on Friday refused to entertain a plea challenging Karnataka government's decision to impose a 25 percent domicile reservation in the National Law School of India University in Bengaluru.

A division bench of Justice Hima Kohli and Justice Subramonium Prasad observed that the impugned law is passed by the State of Karnataka, and the respondent university is also situated in Karnataka.

The court granted liberty to the petitioner to move the appropriate forum with their grievances.

The Karnataka Assembly had passed the National Law School of India (Amendment) Act, 2020 in March this year, which provided a 25 per cent horizontal reservation for students of Karnataka in the NLSIU.

The High Court observed that the main contesting parties in the present case were the NLSIU and the Karnataka Government. As the court did not show any interest in entertaining the plea, the petitioner withdrew the plea.

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News Network
August 9,2020

The core objective of the new National Education Policy (NEP), which has given freedom for amalgamation of different concepts, will be translated into action through the National Curriculum Framework, CBSE director said on Friday.

CBSE Director Biswajit Saha made the comments during an e-conclave on the new NEP organised by the PHD Chamber of Commerce and Industry.

“The core objective of the policy will be translated into action through the National Curriculum Framework (NCF), which needs more participatory approach. The policy has given freedom for amalgamation of different concepts and multidisciplinary approach. The NCF will give a roadmap for implementation of reforms laid down in the policy,” he said.

Saha said the training required for competency-based education and learning outcomes can be achieved with progressive participation of stakeholders.

“There could be a debate about the training required for competency-based education and learning outcomes but once we have decided we want to do it, it can be achieved with progressive participation of stakeholders. It is a forward-looking policy,” the Central Board of Secondary Education (CBSE) director said.

The NEP approved by the Union Cabinet replaces the 34-year-old National Policy on Education framed in 1986 and is aimed at paving the way for transformational reforms in school and higher education systems to make India a global knowledge superpower.

Choice between 3 or 4 year undergraduate courses, multiple entry and exit options in degree courses, adding 3.5 crore seats in higher education institutions, which will now have a single regulator, discontinuation of M.Phil programmes and fixation of fees are among the higher education reforms outlined in the new NEP.

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