01-01-1970 12:00 AM | Source: Accord Fintech
Infosys rises on signing MoU with Aramco
News By Tags | #175 #572 #409 #6534

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Infosys is currently trading at Rs. 1233.00, up by 6.70 points or 0.55% from its previous closing of Rs. 1226.30 on the BSE.

The scrip opened at Rs. 1226.30 and has touched a high and low of Rs. 1235.00 and Rs. 1215.45 respectively. So far 184055 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1672.45 on 01-Dec-2022 and a 52 week low of Rs. 1,215.45 on 25-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1257.60 and Rs. 1215.45 respectively. The current market cap of the company is Rs. 506240.62 crore.

The promoters holding in the company stood at 15.14%, while Institutions and Non-Institutions held 68.86% and 15.98% respectively.
 
Infosys has signed a Memorandum of Understanding (MoU) with Aramco, one of the world's leading integrated energy and chemicals companies, to collaborate on accelerating their human resource (HR) technology. Together, Infosys and Aramco aspire to bring new insights to HR data and analytics; scale the use of automation tools; and enhance employee experience through artificial intelligence (AI) technologies.

Infosys also plans to embed digital transformation practices and tools into Aramco’s HR platform, enhancing the overall digital experience for employees to engage more productively. Additionally, Infosys aims to leverage AI to further bolster Aramco’s employee learning and development experiences and reduce skill gaps. This will attempt to help Aramco unlock talent to match people to opportunities in the company.

The collaboration also intends to work on analysing how automation can optimize repetitive tasks related to HR management through AI-powered learning, reducing time and effort in training delivery. AI-powered analysis will aim to provide insights, track return on investment and support Aramco with algorithmic decision-making to spot trends and identify relevant recruitment channels.

Infosys is a global leader in next-generation digital services and consulting.