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India.com
03-06-2025
- Business
- India.com
Narayana Murthy's Infosys makes big move, jobs of 77000 employees to be affected due to...
Narayana Murthy (File) IT giant Infosys is teaming up with one of Europe's largest energy companies to improve the daily work experience for 77,000 of its employees. As per various media reports, Infosys will use its AI-powered platform, called Infosys Topaz, to upgrade workplace systems. This move is part of plan to become more modern and efficient through digital technology. which provides energy across Europe through its networks, infrastructure, and retail services, wants to build a more digital-friendly work setup. As the energy sector changes quickly, the company needs smarter tools to keep up. Infosys will help by introducing AI tools that make work smoother, more efficient, and based on data. Victoria Ossadnik, head of digital and innovation, said that using digital tools is very important for building energy systems that are reliable, low-cost, and environmentally friendly. She added that working closely with Infosys is a key step in helping become more advanced and ready for the future. The main goal of this partnership is to make work easier and more flexible for employees by giving them more control over how they work, employees can be more productive which will in turn help the company bring in new ideas faster. This is important as works toward becoming a fully digital energy company. Ashiss Kumar Dash, a top executive at Infosys, said that using Infosys Topaz will help create a smart, AI-based work environment that improves both how employees work and how much they can get done. This project is part of Infosys's larger plan to grow its AI-based workplace tools. It also follows another recent partnership with LogicMonitor, a company that uses AI to help improve IT systems.
The Guardian
28-05-2025
- Business
- The Guardian
Thousands of Britons to receive compensation for prepayment meter force-fittings
Tens of thousands of British households that had prepayment meters force-fitted in their properties are to share more than £18.6m in compensation and debt write-offs on their energy bills. The energy regulator for Great Britain, Ofgem, found that energy companies forced prepayment meters on more than 150,000 homes that were not keeping up with their bills, in one of its most comprehensive compliance reviews. The investigation found that ScottishPower, EDF, Octopus, Utility Warehouse, Good Energy, TruEnergy and Ecotricity had fallen short of the regulator's standards when using this tactic to reclaim unpaid energy debts. The eight energy companies have committed to paying compensation and writing off energy debts for at least 40,000 consumers. However, the compensation payments do not include the customers of British Gas, Utilita or Ovo Energy, which face separate investigations by the energy regulator. Households affected by the scandal, which was first uncovered by the Times, can expect to receive payments starting at £40, rising to £250 or £500, depending on the way they were treated by their energy supplier. Payments of up to £1,000 could be paid to customers who had faced 'inappropriate installation', Ofgem said. Energy companies were found to have forced prepay meters into the homes of customers who were known to be vulnerable, including those with mental illnesses and young children, as the energy cost crisis in 2022 caused many to miss payments on their energy bills. The energy regulator was heavily criticised for failing to halt the forced meter installations, despite repeated warnings from campaign groups and MPs, until after the Times reported in early 2023 that debt agents working for British Gas had ignored signs of vulnerability to fit the meters. Ofgem allowed suppliers to restart forced meter installations less than one year later, although forced fittings in homes with young children and those over the age of 75 remain banned. Ed Miliband, the energy secretary, said: 'Justice is finally being delivered to many of the families, lots of them vulnerable, who were affected by the scandal of energy suppliers wrongly forcibly installing prepayment meters. 'Consumers must come first, which is why we are reforming the energy market to stamp out bad practice and make it easier to access proper redress when things go wrong, through our comprehensive review of Ofgem.' Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion Tim Jarvis, a director at Ofgem, said: 'This has been one of the most detailed reviews of supplier practices in Ofgem's history looking at tens of thousands of cases. It has taken time, but our priority has been to put things right for those who weren't treated properly, and ensure we don't see bad practice repeated. 'We have made our expectations clear to suppliers on how those customers who were treated poorly should be compensated. They have, and continue to, work closely and collaboratively with us to make sure their processes are robust and that their customers are properly supported.'
Yahoo
27-05-2025
- Business
- Yahoo
Infosys and E.ON Join Forces to Develop AI-Powered Digital Workplaces
Infosys Ltd's (NYSE:INFY) artificial intelligence solutions continue to elicit strong interest in the market. That was clear on May 27, as the digital services and consulting company inked a strategic partnership with Germany's The two companies are joining forces to create an experience-led, data-driven, and sustainability-focused digital workplace ecosystem. A scientist at a computer station, surrounded by a neural network of artificial intelligence code. is to leverage Infosys AI's first offering, Topaz, to modernize its operations and enhance user value. The generative AI solution is also expected to accelerate transition into a full-stack digital energy company. Infosys is committed to ensuring that energy networks and infrastructure companies realize business value through artificial intelligence. The strategic partnership with Infosys is key to digital transformation as it seeks to enable a brighter, more efficient energy future. Infosys is committed to enshrining its generative AI system. Topaz enables an AI-powered digital workplace transformation to bolster productivity and employee experience. The Indian IT giant has carved a niche as a global leader in next-generation digital services, leveraging advanced technology such as artificial intelligence. Infosys is a leader in digital services and consulting, helping businesses in 56+ countries accelerate AI-driven transformation. Committed to sustainability, governance, and diversity, the company fosters continuous growth through digital skills and agile solutions. While we acknowledge the potential of Infosys Ltd (NYSE:INFY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INFY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
27-05-2025
- Business
- Yahoo
Do National Grid shares look like they're worth me buying at just under £11 after 2024/25 results?
National Grid (LSE: NG) shares are close to their 23 April post-rights issue high of £11.03. This involved the right to buy seven shares for every 24 held and ended on 10 June last year. By then, the multinational electricity and gas utility giant had secured £7bn in new funding. The current high share price may indicate that little value remains in the stock. But it may result from the business being worth more now than it was before. To find out which is true, I took a deep dive into business and ran the key numbers. The firm's full 2024/25 fiscal year results saw operating profit jump 10% to £4.934bn. Profit before tax leapt 20% to £3.65bn. And earnings per share (EPS) increased 8% to 60p. On the expenses side, capital investment geared to government-regulated infrastructure expansion rose 20% to £9.847bn. This is part of National Grid's plans to complete around £60bn of such investment in the next five years. Looking ahead, it forecasts an EPS compound annual growth rate of 6%-8% to fiscal year 2028/29. It is earnings that drive a firm's share price and dividend higher over time. National Grid currently trades at a price-to-earnings ratio of 18.9 compared to its competitors' average of 13.5. These consist of at 8.9, Engie at 11.3, Enel at 12, and Iberdrola at 21.7. So the UK power firm is significantly overvalued on this measure. The same is true of its 2.9 price-to-sales ratio against its peers' average of 1.1. However, on the price-to-book ratio it is undervalued at 1.4 compared to its competitors' average of 2. I ran a discounted cash flow analysis to get to the bottom of the valuation. This shows National Grid shares are 23% undervalued at their present £10.89 price. Therefore, their fair value is £14.14, although various market forces could move them lower or higher. One of the previous advantages for owners of National Grid shares was its good yield. In 2023 and 2024 this averaged around 5.5%. However, in the latest results the full-year dividend was just 42.72p compared to 2024's 58.52p. This gives a yield on he current share price of just 4.3%. Moreover, analysts forecast this will remain about the same in the next three years. Reducing dividends is a red flag for me in my experience as a former senior investment bank trader and longtime private investor. Government-mandated spending on infrastructure is nothing new for big national power firms. But £60bn over five years looks a lot to me, given National Grid's already sizeable debt. Specifically, it has a net debt-to-equity ratio of 5.9 compared to the 3 or less considered healthy. Given this debt risk, I do not think the 23% undervaluation on the share price makes National Grid shares worth buying for me. The post Do National Grid shares look like they're worth me buying at just under £11 after 2024/25 results? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Simon Watkins has no position in any of the shares mentioned. The Motley Fool UK has recommended National Grid Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Business Upturn
27-05-2025
- Business
- Business Upturn
Infosys and E.ON collaborate to develop AI-driven digital workplace ecosystem
By Aman Shukla Published on May 27, 2025, 12:01 IST Infosys, a provider of digital services and consulting, has entered a strategic collaboration with one of Europe's leading energy companies. The partnership is focused on building a data-driven, sustainability-oriented digital workplace to support transformation into a digital energy company. The initiative will utilize Infosys Topaz, an AI-first platform that integrates generative AI technologies. This platform will be used to modernize operations, streamline workflows, and introduce automation with an emphasis on security and regulatory compliance. A key element of the collaboration is the creation of a human-centric support model. This model aims to improve employee experience by providing greater control, flexibility, and access to tools that support productivity and innovation. Through this partnership, plans to drive operational efficiency and leverage AI to create business value while progressing on its digital transformation journey. Ashiss Kumar Dash, EVP & Global Head – Services, Utilities, Resources, Energy, and Enterprise Sustainability, Infosys, stated, 'At Infosys, we are proud to bring our deep expertise in AI and digital transformation to this significant collaboration with By leveraging Infosys Topaz, we will enable an AI-powered digital workplace transformation that will bolster productivity and employee experience. We believe that energy companies like are at the forefront of driving a digital revolution driven by the need to better meet evolving customer demands and achieve operational excellence. Infosys is committed to providing the solutions and support needed to help enterprises navigate this evolution, while creating lasting value for both the organization and its customers.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
