Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Rolls-Royce and Infosys Announce Strategic Partnership for Aerospace Engineering in India

Posted On: 2020-12-02 00:41:22 (Time Zone: Arizona, USA)


Rolls-Royce, one of the world's leading aerospace and defence technology companies, and Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, signed a strategic partnership for sourcing engineering and R&D Services for Rolls-Royce's Civil Aerospace business. As part of the overall partnership, Rolls-Royce will transition a significant part of its engineering centre capabilities for Civil Aerospace in Bengaluru to Infosys. Leveraging its expertise in core engineering services, digital transformation capabilities, and Rolls-Royce product knowledge acquired through the partnership, Infosys will provide a full range of high-end engineering and R&D services integrated with advanced digital service to Rolls-Royce.

Speaking about the partnership, Kishore Jayaraman, President, Rolls-Royce India & South Asia, said, "India has grown to become a key contributor to the Rolls-Royce global engineering ecosystem, delivering high levels of technical capability to support a broad range of complex business demands. Our vision is to continue this high capability engineering work in India, in partnership with Infosys. Infosys has been a valued partner to Rolls-Royce for many years, and we now look forward to building on this strategic partnership to secure the full range of our engineering capabilities here, while ensuring future growth potential for our engineering talent. We are committed to India and remain positive about the long-term prospects in this market."

Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said, "We have always believed it is important to integrate the physical knowledge of a product with digital capabilities like Industry 4.0, additive manufacturing, and predictive analytics. The Rolls-Royce engineering team at Bengaluru has been at the forefront of these innovations, and we are delighted to welcome them to Infosys. We have had a long and fruitful association with Rolls-Royce and are looking forward to supporting the company in addressing Civil Aerospace industry challenges. We are confident that this excellent talent will be a great addition to Infosys' deep experience in turbomachinery. We look forward to continuing to deliver industry leading solutions to our clients in the aerospace and defence sectors and beyond, while providing a great career path to our new colleagues within a rapidly growing ecosystem."

Over the past decade, Rolls-Royce established a multidisciplinary engineering centre in Bengaluru, and this has been an integral part of Rolls-Royce Engineering and R&D services. The Centre covers a mix of engineering capabilities spanning the full range of sub-functions and specialisms in R&D. Going forward, RollsRoyce will continue these complex engineering activities in India in partnership with Infosys.

Through robust investments over last two decades, Infosys has established an industry leading position in engineering services and is delivering end-to-end solutions to customers in the turbomachinery, propulsion (TMP), aerospace and defence industries. The ability to take over customer centres, seamlessly integrate them and leverage strong native engineering and digital capabilities has enabled Infosys to deliver enhanced services while optimizing operational costs for its customers. The engineering centre for Civil Aerospace will strengthen Infosys' existing capabilities in Turbomachinery and Propulsion that are currently delivered through a network of engineering centres in Mysore, Baden, and Karlovac.

Shares of INFOSYS LTD. was last trading in BSE at Rs.1137.25 as compared to the previous close of Rs. 1100.55. The total number of shares traded during the day was 571933 in over 20053 trades.

The stock hit an intraday high of Rs. 1139.7 and intraday low of 1105.55. The net turnover during the day was Rs. 645329004.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Raksha Mantri unveils India's First Indigenously Designed & Developed Driverless Metro Car

Dr. Reddy's receives approval to conduct Phase 3 clinical trial for Sputnik V vaccine in India

L&T Finance Holdings Ltd posts consolidated PAT of Rs. 290.66 crore in Q3FY21

Shoppers Stop Ltd Q3FY21 consolidated loss at Rs. 25.11 crores

Plastiblends India Ltd reports net profit of Rs. 11.37 crore in Q3FY21

SORIL Infra Resources Ltd Q3FY21 consolidated PAT at Rs. 4.98 crore

Mastek's Group CEO Mr. John Owen quits

CFO Tech Outlook Recognizes Emagia As 'The Top 10 Account Receivable Solution Providers 2020'

MPCB issues closure notice to Bajaj Healthcare Limited's plant

Syncom Formulations India Ltd awarded by IPF Industrial Excellence Awards, 2021

Captain Polyplast Ltd announces capacity augmentation at Kurnool plant

ITC Limited conferred the ICSI National Award for Excellence in Corporate Governance

Hitachi Cooling and Heating launches country's first of its kind premium and luxurious air conditioning system 'SET FREE mini' for Indian market

Bhakti Gems and Jewellery Ltd Q3FY21 PAT soars to Rs. 2.07 crore

Fiat Chrysler Automobiles partners with Wipro to establish its first Global Digital Hub in India

PVR announces results for the Quarter Ended December 31, 2020

Route Mobile Ltd board to announce third quarter results on Jan 28, 2021

Maruti Suzuki India Ltd board to approve Q3FY21 results on Jan 28, 2021

Shree Cement Ltd board to consider 3rd quarter results on Jan 30, 2021

OnMobile Global Ltd board to announce Q3FY21 results on Feb 1, 2021

Page Industries Ltd board approve 2nd interim dividend, Q3 results on Feb 10, 2021

Polycab India Ltd board to announce third quarter results on Jan 23, 2021

Kotak Mahindra Bank Limited board to consider Q3FY21, 9MFY21 results on Jan 25, 2021

Hindustan Organic Chemicals Limited board to approve 3rd quarter results on Jan 27, 2021

Sukhjit Starch & Chemicals Ltd board to announce third quarter results on Jan 29, 2021

Canara Bank board to approve quarterly results on Jan 27, 2021

TeamLease Services Limited board to consider Q3FY21 results on Jan 28, 2021

Dhunseri Tea & Industries Ltd completes sale of Khetojan Tea Estate

GAIL India Ltd board approves interim dividend of Rs. 2.50 for FY21

Indian Oil Corporation Ltd board to announce Q3 results on Jan 29, 2021

V-Guard acquires non-controlling stake in a battery startup - Gegadyne Energy Labs Private Limited

Hathway Cable & Datacom Ltd Q3FY21 consolidated PAT at Rs. 62.56 crores

PVR Ltd posts consolidated loss of Rs. 49.10 crore in Q3FY21

Adtiya Birla Money Ltd posts Rs. 4.20 crore PAT in Q3FY21

GAIL India Ltd board approves buyback at Rs. 150

Onward Technologies Ltd Q3 consolidated net profit at Rs. 2.35 crore

SBI Cards and Payment Services Ltd board to announce Q3FY21 results on Jan 21, 2021

Vaibhav Global Ltd board to approve quarterly results, interim dividend on Jan 29, 2021

Sonata Software Ltd board to consider third 3rd quarter results on Feb 4, 2021

Goa Carbon Ltd board to announce Q3 results on Jan 28, 2021

Kopran Ltd board to approve third quarter results on Jan 22, 2021

Maruti Suzuki Smart Finance rolls out one-stop online finance facility for Maruti Suzuki ARENA customers

Symphony Ltd board to announce Q3FY21 results on Jan 22, 2021

UCO Bank board to consider 3rd quarter results on Jan 25, 2021

NELCO LTD board to announce Q3 results on Jan 28, 2021

Smart, safe and sustainable electrification delivers clean water supply in Surat

Mangalam Organics Limited board to approve third quarter results on Jan 22, 2021

Birla Precision Technologies Ltd board to consider allotment of 84,31,703 Equity Shares

Andhra Paper Ltd board to approve quarterly results on Jan 28, 2021

Tata Power Company Ltd board to announce Q3FY21 results on Feb 4, 2021



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020