Latest news with #PersistentSystems
Entrepreneur
a day ago
- Business
- Entrepreneur
Companies Step Up Reskilling in the Era of AI
AI is not just reshaping industries; it's redefining the future of work. So, it's critical for companies to reskill and upskill their talent to remain relevant and co-exist with AI You're reading Entrepreneur India, an international franchise of Entrepreneur Media. As artificial intelligence (AI) continues to transform industries, companies face a critical challenge: How to prepare their workforce for a future that looks vastly different from the past. To stay relevant, companies are taking on various measures to reskill and upskill their employees to mitigate the risk of turning them redundant. The World Economic Forum estimates that automation will displace 85 million jobs by 2025, and 40 per cent of core skills will change for workers. AI will usher in a new era of productivity and value, and business leaders in the C-suite should make employees part of that future. At IT services company Persistent Systems, continuous learning and development of its people has always been a strategic priority to ensure they remain relevant and future-ready. "Our talent strategy is rooted in a robust learning ecosystem, led by Persistent University and our Digital Engineering Academy. Our Digital Engineering Academy offers AI-personalized learning paths mapped to over 6,500 skills, enabling employees to gain both breadth and depth in emerging technologies," says Dhanashree Bhat, Chief Operating Officer, Persistent Systems. "Over 18,000 employees have completed internal foundational training in GenAI, and our teams have earned close to 4,000 external certifications. Beyond this, we are scaling access to deeper specializations in AI, ML, and GenAI through a mix of internal modules and industry-recognized certifications. We have over 22,000 partner certifications across a range of technologies, including AI, which are critical to driving customer transformation," says Bhat. Fidelity Investments' global capability center (GCC) in India has been a key part of the company's global operations for over two decades. With a talent base of over 7,000 associates in India, it plays a pivotal role in driving innovation and delivering business-critical solutions. "At Fidelity Investments India, we recognise that in today's fast-changing landscape, embracing the cutting edge of technology is key to making a difference. We look to develop solutions and experiences to meet the dynamic business requirements," says Srinivas Gururaja Rau, Head of Fidelity Fund and Investment Operations Technology India, Fidelity Investments. "We have embedded this culture of constant upskilling and reskilling across all levels of the organization. Whether it's through structured programs like LEAP, an upskilling cohort for early-career technologists, role-based learning journeys, internal technology communities, niche hackathon events, our innovation and patent programs, or regular hands-on certification and training programs, we provide a host of opportunities for our technologists to learn and work on the latest emerging technologies in financial services, to innovate for the future," says Rau. ACQUISITIONS AND PARTNERSHIPS Several companies are also acquiring niche startups and leveraging partnerships to enable their reskilling initiatives. For instance, IT major Accenture recently acquired edtech firm TalentSprint from NSE Academy Ltd. The acquisition is expected to bolster Accenture LearnVantage's ability to drive growth through key university certifications and high impact bootcamps, creating trained talent pools for enterprises and governments. As part of the acquisition, TalentSprint's team of approximately 210 professionals will join Accenture LearnVantage. "TalentSprint's end-to-end delivery capabilities of focused learning programs provide a competitive value proposition for learners and enterprises alike, making it a great fit for our expanding LearnVantage business," said Kishore Durg, global lead of Accenture LearnVantage. "The addition of TalentSprint further boosts our ability to meet our clients' demand for training, helping their people gain the essential technology skills in emerging areas needed to reinvent their organizations and achieve greater business value." Saurabh Kumar Sahu, who leads Accenture's India business, added, "India is witnessing a growing need for specialized technology skills at scale as enterprises accelerate their digital transformation efforts and Global Capability Centers evolve into R&D, innovation, and engineering hubs. We see significant opportunities to partner with these organisations to build a pool of readily deployable talent skilled in emerging technologies." The acquisition of TalentSprint complements Accenture's recent investments in Udacity and Award Solutions, and aligns with the company's USD 1 billion investment in LearnVantage over three years, announced in early 2024. "Since inception, our mission has been to equip learners with deep expertise for a disrupted world," said Anurag Bansal, Managing Director and CEO of TalentSprint. "Joining forces with Accenture LearnVantage allows us to scale our impact, delivering cutting-edge technology and next-gen management programs that are valued and trusted by students, professionals, organizations, and governments alike." French IT major Capgemini recently collaborated with the Nasscom Foundation to skill and certify more than 700 disadvantaged youths through their AI for Skilling program. As India moves swiftly towards an AI-driven future, the demand for a workforce proficient in AI competencies continues to grow. Capgemini and the Nasscom Foundation partnership plays a key role in helping to meet this demand by equipping the youth with advanced skills in generative AI, robotics, fintech, and more. Implemented currently in Delhi NCR and Bengaluru, the program is designed to provide a comprehensive 200-hour training, comprising over 140 hours of technical training and more than 60 hours of soft skills development. The initiative builds on Capgemini Digital Academy program, which trains thousands of youths across India in high-demand digital skills, creating opportunities for careers in technology. "AI is shaping a bold new era of work—one where innovation, inclusion, and human potential thrive together. Through Capgemini's Digital Academy, in partnership with Nasscom Foundation, we are bridging the digital divide - equipping the youth with industry-relevant AI and technology skills for meaningful careers. This initiative is also fuelled by the passion of our employee volunteers, who mentor and guide learners, reinforcing our commitment to inclusive growth," says Ashwin Yardi, CEO, Capgemini India. Commenting on the success of the initiative, Jyoti Sharma, CEO, Nasscom Foundation said, "AI is not just reshaping industries, it's redefining the future of work. Our collaboration with Capgemini, under the AI for Skilling initiative, reflects our shared vision of an inclusive digital economy, where marginalized youth have the opportunity to participate and break barriers to AI access. By enabling future-ready skills and focusing on foundational, core-work skills, we are investing in the potential of India's youth to fully embrace evolving digital opportunities." To ensure holistic development, the initiative extended beyond technical training and included expert sessions conducted by industry professionals, as well as aptitude-building modules, and awareness programs. Real-world exposure was also facilitated through corporate volunteer engagement and industry visits, helping learners gain insights into workplace expectations and the professional culture of the technology sector. CO-EXISTENCE OF HUMANS AND AI Persistent Systems is of the view that collaboration between human expertise and AI is a "force multiplier". As GenAI becomes integral to business workflows, it's driving faster decisions, greater scale, and more dynamic operations. In fact, according to McKinsey, 71 per cent of business leaders now report using GenAI in at least one function, up from 65 per cent in early 2024. "We follow a human-in-the-loop approach, where employees are involved in training models, prompt engineering, and validating outputs, ensuring AI remains contextually relevant, ethical, unbiased, and aligned with business goals. Our focus is on outcome-based learning. From customer interview coaching to internal mobility programs, we help employees apply AI-first thinking to solve real problems, bridging skill development with delivery impact," says Bhat. He says that across industries, roles are being redefined. Developers are moving beyond manual coding toward solution design, while business teams are using AI to personalize experiences and accelerate decisions. This shift empowers talent to focus on higher-value, creative, and strategic work. Ultimately, AI is elevating human potential, and that synergy is shaping more agile, future-ready workforces capable of delivering stronger outcomes in a dynamic, technology-first world.
Mint
3 days ago
- Business
- Mint
Persistent Systems share price falls 3%, drops 9% YTD; should investors buy or book profits?
Persistent Systems share price dropped nearly 3 per cent in intraday trade on the BSE on Thursday, June 19, looking set to extend losses to the second consecutive session. Persistent Systems share price opened at ₹ 6,013.50 against its previous close of ₹ 6,025.30 and dropped 2.6 per cent to hit an intraday low of ₹ 5,866.60. Around 11:25 AM, the IT stock traded 2.32 per cent down at ₹ 5,885.80. Equity benchmark Sensex was 0.05 per cent down at 81,401 at that time. Persistent Systems share price has declined about 9 per cent year-to-date (YTD), underperforming the sectoral benchmark Nifty IT which has climbed over 4 per cent this year so far. The stock hit a 52-week low of ₹ 3,765.20 on June 19 last year and a 52-week high of ₹ 6,788.80 on December 20. (This is a developing story. Please check back for fresh updates.)
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Business Standard
4 days ago
- Business
- Business Standard
Breakout stocks, June 18: MCX, Persistent Systems among stocks to buy today
Nifty outlook today, June 18: Nifty index opened positive, but fell sharply in the initial hour of the day, after which it consolidated in a lacklustre manner on while Nifty share price also managed to close above 24,800-24,850 zones, it has to decisively cross the 25,000 zones for the next leg of rally to commence. Nifty has formed a 'bearish' candle on daily frame and has started to make higher highs – higher lows from the last two sessions. Now, it has to hold above 24,800 zones for an upside move towards 25,000, followed by 25,250 zone. Nifty share price has support at 24,700 and 24,600. Nifty F&O data On the option front, Maximum Call OI is at 25,000, followed by 25,500 strike, while Maximum Put OI is at 24,000, followed by 24,800 strike. Call writing is seen at 24,900, followed by 25,000 strike, while Put writing is seen at 24,000, followed by 24,850 strike. Nifty option data suggests a broader trading range in between 24,500 to 25,250 zones while an immediate range between 24,700 to 25,100 levels. Bank Nifty outlook today Bank Nifty index opened on a flattish note near 56,000 zones, but failed to hold its gains and gradually drifted lower towards 55,650 zones in the latter part of the session on Tuesday. It formed a small bearish candle on daily scale as selling pressure was seen at higher zones. The index is hovering near its 20-DEMA. While the Nifty Bank index has got stuck in a wider range with supports intact at lower levels, the momentum is missing at higher zones. Now, it has to hold above 55,750 zones for a bounce towards 56,000, and then towards 56,250 levels. A hold below the same could see some weakness towards 55,555 and 55,250 zones. Stocks to buy today, June 18: Buy AB CAPITAL | CMP: ₹255 | Stop loss: ₹247 | Share price target: ₹272 AB Capital share price has given a range breakout at its 8 year 'all-time high' zone with a strong bodied bullish candle. The ADX line is rising which confirms the strength of the uptrend. Buy Persistent Systems | CMP: ₹6,068 | Stop Loss: ₹5,885 | Share price target: ₹6,450 Persistent Systems share price has formed a inverted head and shoulder pattern on the daily scale which suggests a positive trend reversal. The MACD indicator is rising which confirms the positive momentum. MCX share price has formed a bullish pole and flag pattern on the daily chart suggesting a continuation of the uptrend. The RSI indicator is rising which confirms the upwards momentum. ============== Disclaimer: Chandan Taparia is head - derivatives & technicals, wealth management at Motilal Oswal Financial Services. Views expressed are his own.
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Business Standard
6 days ago
- Business
- Business Standard
Coforge, Infosys, TCS: Why are IT stocks rising in trade today? Explained
IT stocks today: Information Technology (IT) shares were rising in trade on Monday, June 16, 2025. The Nifty IT index hit an intraday high of 39,258, rising 2 per cent. Among individual stocks, Persistent Systems share price and Mphasis share price was ruling 2.6 per cent higher each, followed by Coforge (up 2.5 per cent), Oracle Financial Services Software (up 2.4 per cent), Tech M (2 per cent), Infosys (1.6 per cent), and TCS (1.5 per cent) at 2:40 PM. In the broader universe, Dynacons Systems, Newgen Tech, KPIT Tech, Sonata Software, and Cigniti Tech rose up to 8 per cent. Nifty IT index in 2025 So far in calendar year 2025, the Nifty IT index has slipped nearly 10 per cent on the NSE as against the benchmark Nifty50's growth of around 5.5 per cent. Why are IT stocks rising in trade today? The rise in IT stocks comes amid a decline in Indian Rupee against the US dollar. A decline in Indian Rupee is beneficial for IT stocks as it boosts related companies' revenues in dollar terms. Notably, the domestic currency started 10 paise weaker against the US dollar on Monday, at 86.18 per US dollar, versus Friday's close of 86.08/$. Further, thus far in June 2025, Rupee has declined around 1.7 per cent against the greenback, trading as the worst performing Asian currency. FPI & geopolitics Foreign portfolio investors (FPIs) have been selling Indian equities and buying dollars, which has pushed up Dollar prices. FIIs/FPIs were net sellers of Indian stocks on Friday, June 13, as they dumped equities worth ₹1,263.52 crore. They also sold India stocks on June 12 and June 11, worth ₹3,831.42 crore and ₹446.3 crore, respectively. So far in June 2025, foreign investors have net sold Indian stocks worth ₹4,812.4 crore. Besides, the recent surge in oil prices amid Israel-Iran tensions has pumped up Dollar demand by oil-drilling and refining companies, boosting the greenback's price. Going ahead, investors will watch out for the US Federal Reserve's interest rate decision on Wednesday, June 18, where they expect the central bank to hold the rates steady amid a stable jobs market. Nonfarm payrolls in the US rose 139,000 in May 2025, above the Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the US economy added in April. A strength in the US economy bodes well for IT stocks, as the US is a key market for Indian IT companies. IT sector: Q4 results According to analysts at Nuvama Institutional Equities, Q4FY25 revenue growth was modest, but in-line with expectations. Quality Tier-2 companies outperformed largecap peers, with Coforge and Persistent Systems delivering double-digit year-on-year (Y-o-Y) revenue growth. Margins, too, were broadly in-line with estimates with companies expanding margins Q-o-Q and Y-o-Y with a few exceptions. The highlight of the quarter, the brokerage said, was the strong deal bookings, which were solid with almost all companies reporting Y-o-Y growth (ex-TCS, Infosys, Cyient). IT sector outlook in India 2025 Meanwhile, in the ongoing quarter (Q1FY26), IT companies reported a slowdown in deal wins in April 2025, which remained largely flat in May 2025, amid the looming tariff-related uncertainty. Analysts believe the ongoing global macroeconomic uncertainty will keep deal momentum slow in the coming months. "The three-month rolling sum of deal signings, a strong one-quarter lead indicator of deal total contract value (TCV), declined further in May 2025. Europe deal signings saw some recovery from a decline in April. North America saw a sharp decline. Among verticals, BFSI led with strong deal signings, while those in Manufacturing were steady M-o-M. TCS and Infosys (4 each) led the deal wins in May 2025, followed by Wipro (2)," said those at BNP Paribas. According to channel checks by Kotak Institutional Equities, the deal activity in the IT sector is tilted toward cost takeout. This is being achieved through vendor consolidation and outsourcing. Many vendor consolidation deals announced by companies are not net new for the IT industry. Companies that are aggressive, have good client engagement and can structure deals smartly are gaining wallet share. Select large and mid-tier companies are gaining share as opposed to the usual narrative of large companies consolidating out smaller ones. In some cases, deals involve upfront cash payments or other incentives offered to clients to win deals. The use of balance sheet to win deals, while not common, is increasing. These deals may not be margin-dilutive, although they can be NPV-dilutive, the brokerage said. "Profitability pressures are high, resulting from pricing decline in competitive deals and lack of leverage of growth. Companies are managing margins by fine-tuning costs, aligning compensation with business dynamics, and close control on all discretionary costs. Rupee depreciation will be critical to meet margin aspirations of companies, assuming companies don't aggressively cut variable compensation," KIE said in a recent report. The brokerage believes FY2026 will mark another year of low single-digit growth for the incumbents, not encouraging, especially with potential deflationary GenAI risks for the sector. Risk-reward in IT services, it said, is balanced. The brokerage picks Tech Mahindra. Hexaware, Infosys, Coforge and Indegene as its key picks.
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Business Standard
12-06-2025
- Business
- Business Standard
This tech indicator turns positive for these 3 IT stocks; details here
Infosys, Persistent Systems and Mphasis are likely to trade with a favourable bias as a key momentum indicator - the MACD has turned positive on the technical charts for these 3 IT stocks. Listen to This Article There is a common factor between these 3 IT stocks - Infosys, Persistent Systems, Mphasis, at present, which signals a likely positive bias for the shares. Technical chart shows that the Moving Average Convergence-Divergence (MACD) line has crossed over the signal line, thus indicating a 'Buy' alert for these 3 IT stocks. Technically, MACD is a key momentum oscillator which helps in identifying the direction or potential trend reversals for the particular index or stock. The MACD is a combination of two moving trend lines, including the MACD line and the Signal line, based on the 9-day Exponential Moving
