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Infosys to invest Rs 1,918 crore to develop 3 new campuses in Bengaluru

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Infosys office
Employees queue up infront of Infosys office.

By NewsGram Staff Writer

IT giant Infosys, led by Vishal Sikka, got a green light on his proposal to set up three more campuses in Bengaluru at an investment of Rs 1,918 crore from the Karnataka government on Saturday.

Infosys has proposed to develop one new campus at Electronic City and two at Konappana Agrahara in Bengluru. The company has claimed in its proposal that it will create 27,000 new jobs from these three projects.

The IT major has also planned a Software Technology Park with an estimated cost of Rs 1,079 crore. In this project, the number of direct employment would be 15,000.

The govt. also approved the proposal from Mangalore Refinery and Petrochemicals Limited with an investment of Rs. 20,000 crore and another proposal from Biosciences with an investment of Rs. 235 crore.

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Infosys Launches Blockchain-powered Apps in 3 Verticals

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks

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Infosys
Office building of Infosys. Pixabay

Software major Infosys on Wednesday launched blockchain-powered distributed applications (apps) for government services, insurers and supply chain management verticals.

“The applications are designed as ready-to-subscribe business networks to ensure quick deployment, inter-operability across disparate systems of value chain stakeholders and cases involving analytics and IoT (Internet of Things),” the-city based IT firm said in a statement.

A blockchain is a list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data.

“Our applications are equipped with predictive RoI (return on investment) analytics for business investments that can be tailored to meet industry-specific needs,” Infosys said in the statement.

Global enterprises can capitalise on blockchain’s benefits of trust, immutability, and transparency to develop an inter-organisational conduit for strengthening their core business processes across multiple value chain partners having disparate IT systems, it said.

Infosys office
Employees queue up infront of Infosys office. Wikimedia Commons

The supply chain application leverages the blockchain platform to offer solutions for inbound/outbound logistics and distribution activities.

“The application can be integrated with the systems and IoT devices while ensuring 24×7 transaction security between stakeholders within a supply chain,” Infosys said.

Also Read: Tech Giants Amazon, Apple, Google Bat for Universal Smart Home Standard

The government services application enables state-run organisations to establish inter-departmental interaction, collaboration, data sharing, network transparency and defined workflows – to fulfil citizen-centric service requests, through a single window.

“Our insurance application is designed to aid insurance firms in policy administration, claims handling, multi-party negotiation, usage-based policy pricing and parametric insurance activities,” the statement added.

The modular, scalable and customisable application can be integrated with the enterprise systems and IoT networks. (IANS)

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