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Infosys Loses RBS Deal, 3,000 Jobs To Get Affected, Shares Fall
Royal Bank of Scotland has scrapped a deal involving Infosys Deal cancellation is likely to result in loss of 3,000 jobs at Infosys Infosys shares fell as loss of deal could hit the company's revenue
16 Aug 2016, 04:25 PM IST 
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Analysts expect Infosys to cut its annual guidance following the cancellation of RBS deal
Infosys shares slumped over 3 per cent on Tuesday, following Royal Bank of Scotland's decision to cancel a project to set up a separate bank in the United Kingdom. RBS announced last week that it will not pursue its plan to separate and list a new UK standalone bank, Williams & Glyn (W&G), for which Infosys was a key technology partner.
"Infosys has been a W&G program technology partner for consulting, application delivery and testi...
