Infosys bags $100 Mn in Microsoft-Coca Cola deal🤝🏻
Infosys bags $100 Mn in Microsoft-Coca Cola deal🤝🏻
Zomato drops around 1%, slice and North East Small FB's merger, ‘Power’ program offering freshers up to Rs 9 LPA, and more.
Good morning and welcome to Tuesday’s edition of Rise & Shine!
"Circumstances don't make the man, they only reveal him to himself."
— Epictetus
Today, Epictetus offers us a compelling insight into self-awareness and personal growth through life's challenges.
Our reactions to challenges and adversities are what truly define and refine our character, offering a mirror to our true selves.
Tech Updates
Infosys to bag a $100 million pie in Microsoft-Coca Cola deal
Infosys could rake in revenue of more than $100 million as a supporting partner in the $1.1 billion cloud migration deal that beverage giant Coca-Cola signed with Microsoft in April this year. Regulatory filings with the US Securities and Exchange Commission (SEC) show that the Indian IT major is set to get over $27 million through this deal only for the Euro-Pacific geography.
Zomato share price drops around 1% after Alibaba arm Antfin’s stake sale worth ₹5,438.50 crore
Shares of Zomato worth ₹5,438.50 crore were sold in a block deal on August 20, Moneycontrol reported. Antfin Singapore Holding, a subsidiary of Alibaba Group, is believed to be the seller. In the transaction, 21 crore shares, equivalent to a 2.4% stake in the online food delivery giant, changed hands.
NCLT approves slice and North East Small Finance Bank’s merger
Fintech unicorn Slice has received approval from the National Company Law Tribunal (NCLT) for its merger with North East Small Finance Bank (NESFB). Both the companies announced their merger in October 2023. In March last year, Slice acquired a 5% stake in Guwahati-headquartered bank for about $3.42 million.
Infosys opens ‘Power’ programme offering freshers up to Rs 9 LPA
As part of the campus placement drive, IT services major Infosys has launched a ‘Power’ programme’ for colleges with differential hiring, offering packages of up to Rs 9 lakh per annum. The package offered is substantially higher than the entry-level fresher pay packages of Rs 3-3.5 lakh offered by the Bengaluru-based company.
📝 Short Story: The Unveiling Test
A project manager, Michael faced a significant crisis when a key project went off the rails due to supplier issues. Initially, he was tempted to blame external factors and surrender to frustration.
However, reflecting on Epictetus’s quote, Michael saw this as an opportunity to learn about his capabilities.
Instead of yielding to despair, he mobilized his team to look for creative solutions, leading discussions that fostered innovation and resilience among his colleagues. This approach saved the project and strengthened the team's bond and Michael’s leadership skills.
The crisis revealed Michael's ability to lead under pressure, a quality he doubted.
Tweet of the day🐥
Today, consider the challenges you face not as barriers but as opportunities to reveal and develop your inner strengths.
Rise & Shine is here to encourage you to embrace every situation as a chance to learn more about yourself and to grow stronger.
Have an insightful and revealing Tuesday!
Thanks for reading till the end!