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Time of India
an hour ago
- Time of India
Infosys HR sends warning emails to employees working more than 9 hours 15 minutes; Check details
Tired of too many ads? Remove Ads What is the monitoring system? Tired of too many ads? Remove Ads India's second-largest IT services firm, Infosys , has started sending personalised warning emails to employees exceeding standard working hours—directly contradicting founder N.R. Narayana Murthy 's recent push for a 70-hour workweek. The Bengaluru-based company has introduced an automated system that flags and alerts staff working more than 9 hours and 15 minutes a day."We must work for 9.15 hours a day for five days a week, and if we overshoot this while working remotely, it prompts a trigger," an employee told The Economic Times. The company's HR department now tracks remote working hours monthly, sending detailed notifications to staff members who exceed prescribed monitoring system was introduced after Infosys adopted hybrid work arrangements for its 323,500 employees. When excessive working hours are flagged, HR sends detailed notifications outlining remote working days, total hours logged, and daily averages. As per the company's workplace policy, in effect since November 2023, employees are required to work from the office for at least 10 days each month."While we appreciate your commitment, we also believe that maintaining a healthy work-life balance is crucial for both your well-being and long-term professional success," reported ET quoting the HR communication. The emails emphasize that prioritising health and work-life balance benefits both personal wellbeing and professional policy represents a significant departure from Narayana Murthy's recent statements calling for Indians to work 70 hours weekly to accelerate economic growth. The move reflects evolving workplace norms in Indian IT sector, where employee mental health and sustainable productivity are gaining prominence over extended working India's second-largest IT firm with a workforce of around 323,500, currently mandates a minimum in-office presence of 10 days per month. Its decision to monitor remote work hours and issue cautionary emails appears to be a response to growing health concerns linked to overworking in remote CN Manjunath, a noted cardiologist and Lok Sabha member, toldThe Economic Times that one-fourth of young heart attack patients studied at his hospital from 2013 to 2018 showed no conventional risk factors but had elevated stress levels. "Stress is one thing you cannot measure in a lab," he warned, cautioning professionals against overworking in pursuit of career ambitions.
Economic Times
2 hours ago
- Economic Times
Akash Deep turns tragedy into ten-fer after years of toil in record-breaking Birmingham outing
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Time of India
2 hours ago
- Time of India
IndusInd Bank shares in focus after Q1 business update shows 4% YoY drop in advances
IndusInd Bank shares may remain under pressure after its Q1FY26 business update showed a 3.9% YoY drop in net advances and a 0.3% fall in deposits. The corporate banking segment saw a sharp 14.4% decline in loans, while CASA ratio and LCR also weakened. The stock is still down over 40% in the past year despite recent short-term gains. Tired of too many ads? Remove Ads Segment highlights: Tired of too many ads? Remove Ads Corporate Banking net advances declined sharply by 14.4% YoY and 6.2% QoQ. Consumer Finance portfolio rose 4.8% YoY but edged lower by 0.9% QoQ. Retail and Small Business Deposits stood at Rs 1.84 lakh crore as of June 30, 2025, slightly down from Rs 1.85 lakh crore in March. The bank's daily average Liquidity Coverage Ratio (LCR) for Q1FY26 was 141.27%, marginally lower than 145.26% as of June 30. IndusInd Bank share price history Shares of IndusInd Bank are expected to be in focus on Monday, July 7, after the lender released its Q1FY26 business update post-market hours on Friday, reporting a 3.9% year-on-year (YoY) decline in net advances and a 0.3% YoY fall in per regulatory filings, the bank's net advances stood at Rs 3.34 lakh crore as of June 30, 2025, compared to Rs 3.47 lakh crore a year ago. Sequentially, advances declined 3.1%, down from Rs 3.45 lakh crore at the end of March also saw a mild annual dip, falling to Rs 3.97 lakh crore as of June 30, 2025, from Rs 3.98 lakh crore a year earlier. On a quarter-on-quarter (QoQ) basis, deposits dropped 3.3%, from Rs 4.10 lakh crore in Current Account Savings Account (CASA) ratio declined both annually and sequentially, falling to 31.49% in Q1FY26 from 32.81% in Q4FY25 and 36.67% in Q1FY25, indicating a shift in the deposit the past year, shares of IndusInd Bank have declined by 40.67%. On a year-to-date (YTD) basis, the stock is down 11.66%, and over the last six months, it has dropped 14.22%. However, in the shorter term, the stock has gained 25.50% in the past three months and 5.11% over the last Friday, IndusInd Bank shares closed 0.7% lower at Rs 856.20 on BSE.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
