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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
March 10,2020

The Alumni Association members along with the members of Women’s Cell organized a programme to celebrate Women’s day and felicitate the student achievers in various fields.

The programme began with a prayer song by the members of the Women’s cell. Among the dignitaries were Sr Dr M Jeswina A.C, Principal, St Agnes College, Mrs Geanette Dsouza, Vice President, Agnesian Alumni Association, Ms Vivid Dsouza, Convenor of the programme and Secretary Agnesian Alumni Association, Mrs Jyothi Cutinha, Joint Secretary Agnesian Alumni Association. 

The college president, Ms Jerusha Maben welcomed the gathering followed by a welcome dance. The student achievers of the college were honoured by the Agnesian Alumni Association;

Agnesian Outstanding Leader Award sponsored by Mrs Carol Pais in honour of her parents Mr Philip and Mrs Mariette Pais is awarded to Ms Jerusha Maben of III BCom.

Agnesian All-Rounder Award sponsored by Mrs Marjorie Texeira is awarded to Ms Anna Una Crasta of II MA English.

Agnesian Scholar Award sponsored by Dr Meera Aranha is awarded to Ms Shane Joveeta Jovet of III BCom.

Agnesian Best Sports Woman Award sponsored by Mrs Daisy Coelho is awarded to Ms Anusha K.J of III BSc.

Agnesian Best NSS Volunteer is awarded to Nerissa Clementina Noronha of III BCom.

Agnesian Best NCC Cadet Award (Army Wing) is awarded to CPL Melani Lobo of III BCom.

Agnesian Best NCC Cadet Award (Air Wing) is awarded to CWO Vanditha Anusha Dsouza of III BSc.

Sr Dr M Jeswina AC presided over the programme congratulated all the student achievers and wished them the best.

Mrs Carol Pais compered the programme and Ms Vivid Dsouza, Secretary of Alumni Association proposed the vote of thanks.

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Media Release
March 4,2020

Mangaluru, Mar 4: With an objective to create awareness among children about the importance of consumption of fruits in regular diet, First Steps Pre-School, Kudroli, celebrated Fruits Day on Friday 28th February 2020 with fun and frolic.

The tiny tots of preschool celebrated Fruit Day. Children, representing the fruits of their choice sang the fruit rhymes with great zest, enthusiasm and vigour, enjoying the moments of joy and happiness in the company of their mates & teachers.

Teachers had made interesting and simple stories on encouraging children to have fruits in their meals. The teachers also explained the importance of fruits’ intake in diet for mental and physical growth. The tiny tots also learned more about the taste, smell,

color and texture of each fruit. Children clearly understood the importance of washing the fruits before eating or cooking and about the benefits of eating fresh fruits.

All the children were found to be quite thrilled and were positive on the fact that fruits are better than junk food.

The head teacher Himna S. Ahmed, teacher Azeema and Master Shehzan S. Ahmed arranged the event in an impressive manner which added feather to the event.

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

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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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