India is among the most advanced countries in terms of development of Artificial Intelligence (AI) technologies for the Industrial Internet of Things (IIOT), according to a survey by Finnish AI-based solutions specialists Zyfra.
Google CEO Sundar Pichai has for the first time gone public about his company’s China-centric plans and has stressed on its need to re-enter the Asian nation that has the world’s largest population, a media report said.
Shares of Infosys was trading 1% higher at Rs 707 at 01:23 pm, extending its Monday’s 3% gain on the BSE, ahead of its results for the second quarter of the financial year 2018-19 (Q2FY19) today. The information technology major will announce September quarter results after market hours.
IT major Infosys on Tuesday reported a net profit of Rs 41.10 billion for the September quarter of FY19. It had reported 3.7 per cent year-on-year (y-o-y) growth in consolidated net profit at Rs 36.12 billion for the quarter ended June 30, 2018.
The Reserve Bank of India on Tuesday laid out guidelines that would allow for seamless payments between different mobile wallets, in a move that could further boost the use of digital payments in the country.
In a seasonally strong quarter, the country’s second-largest information technology (IT) services player, Infosys, demonstrated an improved performance. It met Street expectations on most counts, backed by large deal wins and broad-based growth in key verticals such as banking, financial services and insurance (BFSI), and retail.
Infosys CEO Salil Parekh Tuesday said the company has begun to focus on its elements of growth, including digital and automation, to improve its clients’ businesses as part of its transformation plans that kickstarted two quarters ago.
The Reserve Bank of India (RBI), on Tuesday, issued guidelines for interoperability of e-wallets, which will allow transfer of money from one wallet to another.
Infosys on Tuesday said it would pay its former chief financial officer Rajiv Bansal the pending severance package amount of Rs 121.7 million as directed by the arbitration tribunal in September this year.
With the RBI not relenting on extending the Monday’s deadline for data localisation, as many as 80 per cent of industry players including Amazon, Alibaba and WhatsApp have complied with the data storage norms, according to official sources.