Indian IT companies are sitting on a huge pile of cash, with top four companies together holding Rs 96,200 crore on their books. An analysis of balance sheets shows
The shock waves of Brexit as well as a decline in IT spend by global companies are taking a huge toll on Indian software companies as most them have given
Investors have turned bearish on IT companies as most of brokerages have downgraded the IT sector stocks. IT stocks have largely underperformed the benchmarks by a wide margin over
- Sep01By Reuters
The European Union’s imposition of a $14.5 billion back tax bill on Apple is “total political crap”, chief executive Tim Cook said in a newspaper interview on Thursday, and anti-US bias may have played a role.
- Aug30By PTI
The rapidly expanding e-commerce companies on Tuesday made a strong case for keeping them out of the proposed GST net but the state finance ministers appeared in no mood to oblige.
The European Commission will rule against Ireland's tax dealings with Apple on Tuesday, sources familiar with the decision told Reuters, one of whom said Dublin would be told to recoup over 1 billion euros in back taxes.
- Aug29By PTI
India's Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, on Monday announced that it has been recognised in the leadership zones across several segments by
- Aug26By Reuters
IT services provider Infosys is seeing some “softness” in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.
- Aug23By PTI
Software giant Microsoft has bought a smart scheduling app Genee, as part of its effort to embed artificial intelligence (AI) to compete with the likes of Google Now and Apple.
- Aug22By Reuters
Japan’s Renesas Electronics Corp is in the final stages of negotiations to acquire US chipmaker Intersil Corp for as much as 300 billion yen ($2.99 billion), an industry source familiar with the deal said on Monday.
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