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.

infosys RBS 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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Mangaluru: Star Education Institute celebrates Talents Day

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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Shwetha Rasquinha conferred doctorate by Mangalore University

Press Release

January 2,2020

Mangaluru, Jan 2: Shwetha Rasquinha, Assistant Professor and Head of the Department of Social Work, St Aloysius College, Mangaluru, has been awarded Doctor of Philosophy (PhD) degree by the Mangalore University for her thesis titled “Effectiveness of Social work intervention on caretakers of cancer patients- A social work study in Mangalore”.

She did her studies under the guidance of Dr Rameela Shekhar, Professor (Rtd), School of Social work, Roshni Nilaya, Mangaluru.

Ms Shwetha Rasquinha hails from Vittal, D/o Vincent Rasquinha and Late Regina Rasquinha, and is the second person to complete doctoral studies from the Vittal Parish.

Her colleagues and well-wishers have congratulated her for her highest achievement in academics and successful completion of quality research.

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Hearty congratulations for your achievements. God bless your mission

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Mangaluru: St Agnes College celebrates 99th College Day and Merit Programme

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.