Infosys reopens offices as India Inc eyes long road back to work

#Business, #coronavirus, #Infosys, #Infosys office reopening, Infosys Ltd

Indian outsourcing giant Infosys Ltd told employees last week they could resume work from offices, according to a memo seen by Reuters that offers an early sign of the country’s $190 billion technology services sector moving to get back on track.

The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector as Indian officials warn about the looming threat of a third wave of COVID-19 infections.

Still, after a devastating second wave of infections in May, the country’s daily numbers are roughly a tenth of the peak, with infections falling to the lowest in four months on Tuesday.

Health experts have appealed to state governments and citizens to not lower their guard against COVID-19, saying a third wave was inevitable.

Other sectors such as aviation and manufacturing have had to call some employees back to sites, or are staying closed entirely as the pandemic disrupted travel and many states imposed lockdowns to curb rising cases.

In its memo, Infosys said the country’s safety situation seems to be improving, with growing vaccination coverage. Infosys did not respond to Reuters’ request for comment on the memo.

The company said it had been operating in emergency mode for months but noted that the situation in the country was now improving.

“We have been getting requests from certain accounts to allow their team members to work from Infosys campuses. In addition, some of our employees have also been asking to come back and start working from office, as a personal preference.”

After reporting results last week, Infosys executives told analysts that roughly 99% of its staff was working from home, and the company would make efforts to get “more and more people to come to office” over the next couple of quarters.

India’s government has launched a campaign to vaccinate the country’s roughly 950 million adults by the end of the year. So far, just about 9% of the adult population has been fully vaccinated with a mandatory second dose.

But after a disastrous second wave in April and May that raised India’s pandemic death toll to more than 400,000, many companies are holding off and focusing on getting more employees vaccinated.

The country’s software services sector, which offers critical services for some of the world’s biggest companies, including banks and retailers, struggled when the pandemic first hit the country last year.

Thousands of tech employees have grown comfortable with working from home since and some managers in the sector privately say they are worried about their ability to get workers back on site if and when the situation improves.

Tata Consultancy Services Ltd, the country’s biggest outsourcer, said earlier this month that it hoped to vaccinate all its employees and their families by September.

“Recognizing that vaccination was our best bet to an early return to normalcy, we undertook a pan-India vaccination drive that began in May,” said Chief Executive Officer Rajesh Gopinathan, adding that 70% of the company’s staff had been fully or partially vaccinated so far.

Other companies such as Wipro have said they will wait until September to get staff back to work.

News Related

OTHER NEWS

Investment in Myanmar port not in violation of US sanctions: Adani Ports

Representative image Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday said that the company believes that its investment in a port in Myanmar is not in violation of any sanction ... Read more »

The 14 postcode areas with no Covid deaths in England and Wales

Just 14 postcode areas have recorded zero Covid deaths in England and Wales since the start of the pandemic. The Office for National Statistics (ONS) has released a report with ... Read more »

Indian carmakers seek extra year to meet fuel efficency rules

Indian automakers are seeking an extra year to meet tighter rules on fuel efficiency, aimed at reducing carbon emissions, as the companies reel from the financial impact of COVID-19, sources ... Read more »

In Pics: Tata Motors, Bajaj Auto and more, check out which car and bike company has raised prices

Tata Motors, India’s third largest carmaker, said it will raise prices by an average of 0.8 percent for cars retailed after August 31. The average increase is expected to be ... Read more »

Sebi grants exemption for J&K Government from making open offer post capital infusion in J&K Bank

Jammu & Kashmir Bank | East Bridge Capital Master Fund sold 1,01,25,004 equity shares in the company at Rs 31.09 per share on the NSE. Market regulator, Securities and exchange ... Read more »

RBI announces framework for payment system operators; PSOs cannot outsource core management functions

Reserve Bank of India The Reserve Bank of India (RBI) on August 3 announced a framework for Payment Systems Operators with respect to outsourcing payment and settlement activities to other ... Read more »

Essel Group Chairman Subhash Chandra says has settled 91% of debt, to venture into video digital space

Subhash Chandra of Essel Group (Image: Reuters) In an open letter issued on August 3, Essel Group Chairman Subhash Chandra said he has settled 91 percent of the debt to 43 lenders, ... Read more »

NHS must work in “new ways” to deliver care, says new chief executive

Amanda Pritchard during a visit to University College Hospital London, following the announcement of her appointment as the new chief executive of the NHS in England. (PA) The health service ... Read more »

CDC adds 16 locations to list of places posing ‘high risk' of Covid infection to travelers

(Independent) The US Centres for Disease Control and Prevention has added 16 international locations to a list of countries with “very high” risk, and has urged Americans to avoid them ... Read more »

More under-18s could be cleared for Covid vaccines within days, says Nicola Sturgeon

(Independent) Clearance for more under-18s to be inoculated against coronavirus is expected from the government’s official vaccination advisers “within the next few days”, Scottish first minister Nicola Sturgeon has said. Read more »

Scotland to lift most coronavirus restrictions next Monday, Sturgeon announces

(Independent) Most legal coronavirus restrictions in Scotland are to be lifted on 9 August, first minister Nicola Sturgeon has told the Scottish Parliament. Ms Sturgeon made the announcement of Scotland’s ... Read more »

What are UK hotels doing behind the scenes to tackle coronavirus?

Hotels are taking extra measures to keep guests safe (Getty) “I keep telling them to shout about what they’re doing, because lots of them aren’t right now,” says Jane Pendlebury, ... Read more »

How cruises will change after coronavirus

Cruising will change in many ways post-Covid (Getty Images) The multibillion pound cruise industry, which normally carries 30 million people a year on the world’s oceans and rivers, has been ... Read more »

Honda Cars India hikes prices of City, Amaze and others by Rs 16,000

The relentless surge in commodity costs has made Honda Car India to hike prices of all its products with effect from August 2 to mitigate the impact. While the petrol ... Read more »

IPO-bound Windlass Biotech plans to build CDMO injectable biz, trade generics

Windlass Biotech, which will open its initial public offering (IPO) on August 4, said it plans to invest the proceeds of the offer to build an injectable business to support ... Read more »

Scotland freedom day: What time is Nicola Sturgeon speaking today?

Scotland’s own ‘Freedom Day’ is imminent, with all remaining major coronavirus restrictions expected to be lifted in the country on 9 August. While Scotland moved to ‘level 0’ on July ... Read more »

Women health and care workers suffering discrimination and ‘sexual harassment around world'

While women hold seven in ten health and care jobs around the world, they earn an average of 28 per cent less than the men they work alongside (Getty Images) ... Read more »

Virus hunters: By catching bats, researchers hope to stop the next pandemic

Kirk Taray holds onto a bat that was caught on a mist net as Ryan Llamas holds up a torch during field work at Mount Makiling in Los Banos, Laguna ... Read more »

Plans to protect online shoppers from rip-offs and fake reviews unveiled

Online shopping (PA Wire) A clampdown on online rip-offs including tackling subscription traps and fake reviews has been outlined by the Government It said “consumer catfishes” behind bogus online ratings ... Read more »

Brave new world beckons as nations shake off Covid shadow

(Unsplash) If, during the darkest days of 2020, you had turned to the neighbours and predicted a miraculous bounce back in the global economy this summer they may have questioned ... Read more »

Honda Motorcycle & Scooter India July sales rise 20% to 3,85,533 units

A man walks past a Honda Neowing tricycle at the 44th Tokyo Motor Show in Tokyo, Japan, October 28, 2015. REUTERS/Thomas Peter – GF20000035975 Honda Motorcycle & Scooter India (HMSI) ... Read more »

Keeping doors half-open will sound death knell of industry, say Mumbai restaurateurs

The Brihanmumbai Municipal Corporation (BMC) may have eased rules for dining-in services at restaurants, but restrictions on hours of operation and the number of people allowed at a time have ... Read more »

PNB never objected to housing finance arm's deal with Carlyle deal, only asked it to follow SEBI directions: MD & CEO

Earlier, SEBI had directed PNBHFL to halt the proposed deal until the company undertakes a fresh valuation from an independent valuer. (Image: Shutterstock) State-owned Punjab National Bank (PNB) on Tuesday ... Read more »

MG Motor ties up with Jio for connected features in its upcoming mid-size SUV

MG Motor India (Image: Moneycontrol) MG Motor India on Tuesday said it has tied up with digital services provider Jio India for the Internet of Things (IOT) features in its ... Read more »

KM Birla letter: Will discuss with other banks, telecom sector issues a worry, says PNB MD &CEO Mallikarjuna Rao

Punjab National Bank Punjab National Bank (PNB) Manging Director and CEO SS Mallikarjuna Rao on August 3 said the developments in the telecom sector over the last few days and the ... Read more »

IndusInd Bank gets empanelled as Agency Bank to RBI

IndusInd Bank on Tuesday said it has been empanelled by the Reserve Bank of India (RBI) to act as an “Agency Bank” to facilitate transactions related to government businesses. It ... Read more »

COVID-19 pushed back auto component industry by three years

Representative image The COVID-19 pandemic has pulled down the turnover of the automotive component industry to its lowest level in three years as continued disruption to value chain due to ... Read more »

TVS NTORQ 125 scooter crosses 50,000 sales mark in Nepal

TVS Motor Company on Tuesday said its 125 cc scooter NTORQ 125 has crossed the 50,000-units sales milestone in Nepal. The scooter has achieved the sales mark within three years ... Read more »

AP News Digest 3:30 a.m.

APTOPIX Tokyo Olympics Artistic Gymnastics (Copyright 2021 The Associated Press. All rights reserved) Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the ... Read more »

Covid UK news - live: PM U-turns on amber watchlist as England could be ‘over the edge' of third wave

✕ Close Boris Johnson hints at U-turn on amber watchlist Plans for an “amber watchlist” have been abandoned as ministers prepare to review the traffic light system which will decide ... Read more »

J&J committed to launch single-dose COVID-19 jab in India, talks with Centre progressing

File image of J&J COVID-19 vaccine Johnson & Johnson (J&J) said it was engaged in discussions with the Indian government to launch its single-dose COVID-19 vaccine and the reports about ... Read more »

Indian Hotels Company Vivanta debuts in Bhubaneswar

Representative Image Tata group hospitality arm Indian Hotels Company Limited (IHCL) on Tuesday announced the debut of its Vivanta Hotel in Bhubaneswar. The hotel boasts of a contemporary design that ... Read more »

UST to hire over 10,000 employees in 2021

UST will hire over 10,000 employees this year in various geographies to fulfil the growing demand for its solutions. [Representative image] American technology firm UST said it would hire over 10,000 ... Read more »

Edtech start-up Skill-Lync raises $17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raised USD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better ... Read more »

Two charged 20,000 for travelling to Canada with false vaccine papers

Two travellers who falsified their proof-of-vaccination documents have been fined $20,000 each for entering Canada with the fraudulent credentials. The Canadian Public Health Agency reported that the travellers provided falsified ... Read more »

Government accused of ‘playing political games' after objecting to vaccine-sharing proposals

Scientists have said there are challenges involved in sharing vaccine ‘blueprints’ between manufacturers (AFP/Getty) The government has been accused of “playing political games” for once again holding up attempts to ... Read more »

Ron DeSantis slammed as ‘pied piper' of Covid as Florida breaks hospitalisation record

A Florida mayor has slammed governor Ron DeSantis as the “pied piper” of coronavirus for opposing pandemic health measures as cases across the state surge. Dan Gelber, the mayor of ... Read more »

Tata Motors hikes passenger vehicle prices by 0.8%

Tata Motors | Representative image Tata Motors on Monday said it has increased prices of its passenger vehicles by 0.8 percent with effect from August 3. The Mumbai-based auto major, ... Read more »

Marico eyes Rs 450-500 crore from online-first personal care products by FY24

Marico in July bought a majority stake in direct-to-customer ayurvedic company Apcos Naturals, which makes hair and skin care products branded Just Herbs. FMCG company Marico is eying a bigger ... Read more »