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The Latest Breaking News from Infosys

Federal government paid Infosys $191m for abandoned Centrelink calculator that only processed 784 claims

Automated welfare ‘engine’ was part of effort to overhaul payments system but then abandoned, with Bill Shorten saying it ‘wasn’t fit for purpose’

The Guardian - AU

Top Karnataka news developments today

Here are the top news developments from Karnataka on August 20

The Hindu

Sunak's family firm signed $1.5B deal with BP before oil and gas license announcement

JUST two months before Rishi Sunak opened hundreds of new licences for oil and gas extraction in the North Sea, an IT firm founded by his…

The National (Scotland)

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Is Sudha Murty the new celebrity we love to hate?

Are you a journalist who’s passed their use-by date? Or an academic with a mysterious daytime job? Or perhaps a social media talking head?

Newslaundry

Airlines slow to take off on cloud tech, but it’s not too late to upgrade

The aviation industry has soared above the clouds for over a century. But its navigation of cloud computing? That has led to some turbulence.

Fortune

Delegates of G20 Young Entrepreneurs’ Alliance visit Mysuru

YI Mysuru hosted G20 YEA delegates, showcasing Infosys, start-ups, innovation ideas, Mysore Palace, Kalisu Foundation's Govt. School, impressing delegates with city's commitment to education, tech & development. Delegates to take back learnings to share with colleagues in other countries.

The Hindu

Sensex, Nifty crash on earning disappointments, global cues

NEW DELHI: Dragged by IT stocks and weak quarterly results, the BSE benchmark sensex on Friday crashed by over 800 points to end at 66,684.

The Times of India

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A $46 billion rally shows India tech woes easing

NEW DELHI: Optimism is returning for India’s information-technology companies as easing odds of a recession in the US and the emergence of artificial intelligence as a potential new source of revenue drive a rebound in their stocks.

The Times of India

Betting big on Bengaluru

My introduction to Bengaluru (then Bangalore) happened in 1983. I joined Wipro fresh from business school and stayed at the Gautam Hotel. It was ₹70 for a double room. We’d hang out at the Coffee House, The Only Place, The Rice Bowl, and a Chinese rooftop restaurant at Ashoka –…

The Hindu

Technical Education Directorate and Infosys sign deal for sharing learning platform

Technology and digital services firm Infosys and the State’s Directorate of Technical Education have signed an agreement for sharing the Infosys Springboard learning platform

The Hindu

Why India risks falling way behind in the AI race

India's tech industry is being less than bold in embracing artificial intelligence. It's hoping to create solutions for corporate clients by building on top of somebody else's investment in foundational technologies, hardly a strategy for pathbreaking success.

Bangkok Post

Dear Deputy CM, nice thought, but an elite task force is not what Bengaluru needs

A civic activist explained that as long as task forces or advisory groups are not institutionalised under the law, the members, however influential they may be, cannot bring about any change in Bengaluru

The Hindu

Out-of-touch Rishi Sunak gives $3million to US college as UK schools can't afford basics

Rishi Sunak and his wife donated a huge sum for a computing lab at Claremont McKenna in California, where Akshata Murty studied. The college fees are $86,500 a year for tuition and board

Daily Mirror

In the era of unicorns, there are few takers for Sudha Murty’s brand of simplicity

The author and wife of Infosys founder, N.R. Narayana Murthy, became the butt of a thousand jokes and memes recently after her comments on a TV talk show went viral. Read more on The Hindu

The Hindu

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The Times of India

Infosys founder Narayana Murthy to double private firm’s investments

BENGALURU: The money manager of billionaire Infosys Ltd founder Narayana Murthy will hire professionals and double its $1 billion in investments in the next five years, betting India will emerge as a high-quality manufacturing hub.

TechRadar

Assuring digital trust to your customers in today’s business environment

Vishal Salvi at Infosys discusses how to assure digital trust to your customers in today’s new-age business environment.

The Guardian - UK

Rishi Sunak’s family fortune falls by £200m in Sunday Times rich list

Fall in value of Infosys, in which PM’s wife Akshata Murty holds a stake, drives drop in couple’s wealth

The Guardian - UK

Tesco chair steps down after allegations of inappropriate behaviour; Rishi Sunak and Akshata Murty lost £200m in a year – as it happened

John Allan to stand down after allegations of inappropriate behaviour, while latest Sunday Times rich list shows first fall in the number of billionaires since financial crisis

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Marie Claire

Akshata Murty: what to know about Rishi Sunak's fashion designer wife

Evening Standard

Akshata Murty net worth | Evening Standard Tech Rich List

Akshata Murty was born into one of India’s most powerful industrial dynasties but is now best known as the wife of Britain’s Prime Minister Rishi Sunak, who she met at California’s Stanford University. Her father Narayana Murthy co-founded the Bangalore based IT services company Infosys and is sometimes hailed as…

Evening Standard

What is Infosys and who owns it? Rishi Sunak remains ‘tight-lipped’ over scheme

The company has been involved in £172m worth of public-sector contracts

Daily Mirror

Rishi Sunak's wife loses £49million in ONE DAY as shares in family firm plunge

The Prime Minister’s heiress wife Akshata Murty took a hit to her vast fortune as shares in the Indian IT giant Infosys, which was co-founded by her billionaire dad, dropped in value

Evening Standard

Akshata Murty net worth: How the PM’s wife earned more than the entire Labour party this year

Maddy Mussen digs into the first lady’s finances, which has been revealed to be greater than the entire earnings of the Labour party MPs combined this year alone

The Guardian - UK

Akshata Murty to get almost £6.7m in Infosys dividends

Income of Rishi Sunak’s wife from Indian tech firm to reach £13m for financial year

Evening Standard

Rishi Sunak’s wife Akshata Murty lands £6.7 million Infosys payout

Murty has collected over £20 million in dividends over the past twelve months

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