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India's Infosys forms global partnership with Celonis

INDIAN IT major Infosys on Monday (8) announced its global partnership with Celonis, a market leader in AI- enhanced process mining and process excellence software, to transform ERP modernisation and business process optimisation.

This partnership will enable customers to embark on long term transformation projects with significant operational savings, overcoming challenges typically associated with crowded technology landscapes, blends of legacy and homegrown systems, and operational silos that threaten digital transformation agendas, Infosys said in a statement.


Celonis is the leader in Enterprise Performance Acceleration software, harnessing the power of Process Mining technology to help organizations remove operational friction and become a Superfluid Enterprise. Companies around the world, including Siemens, L’Oréal, Uber, Citi, Airbus, and Vodafone, rely on Celonis technology to guide action and drive change, turning business processes into extraordinary experiences and resulting in huge savings.

Together, Infosys and Celonis will enable enterprise customers to meet their digital needs by helping them to scale the adoption of SAP S/4HANA and SaaS platforms. Infosys will drive business excellence and improve productivity through automation and building cutting-edge technology platforms by leveraging Celonis' unique capabilities, the statement added.

Infosys provides business consulting, information technology and outsourcing services across the globe.

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IMF cuts global growth outlook as oil shock from Middle East war raises recession risks

  • IMF lowers global growth forecast to 3.1 per cent from 3.3 per cent.
  • Severe scenario could see growth fall below 2 per cent, near recession levels.
  • Oil shock and supply disruption driving inflation and economic uncertainty.

The International Monetary Fund has lowered its global growth forecast, warning that the ongoing conflict in the Middle East and the resulting oil shock could push the world economy closer to a downturn if disruptions continue.

In its latest World Economic Outlook, the IMF now expects global GDP to grow by 3.1 per cent this year, down from its earlier estimate of 3.3 per cent. The revision reflects rising energy prices and uncertainty following the US-Israeli attack on Iran that began on February 28.

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