IT news
Infosys employees group accuses CEO Salil Parekh of financial fudging
21 Oct 2019
In a letter to the board of Infosys, the employees have alleged that they were told not to report costs in recent quarters in a bid to inflate profits, adding that during the current quarter, there is pressure not to recognise $50 million of the costs incurred by the company
Govt seeks details of top 5 sellers on Amazon, Flipkart
21 Oct 2019
Traders body CAIT alleges an unholy nexus among e-commerce firms like Amazon and Flipkart, brands, particularly in mobile, FMCG, electronics, electrical appliances, footwear, garments and various banks that tend to distort prices of different products on online portals
Infosys Q2 net down 2.2% at Rs4,019 crore
11 Oct 2019
TCS fails to impress with a 1.8% rise in Q2 net to Rs8,042 cr
11 Oct 2019
TCS, which heavily relies on banking clients, was hurt by dampening of IT spending by financial clients, while the escalating trade war between the United States and China, as well as Britain’s planned exit from the European Union also dampened demand for its products and services
US, UK and Australia seek keys to Facebook’s encrypted messages
04 Oct 2019
Facebook, which expanded the use of encryption following global criticism for its failure to protect the data of its users, now faces government demand to allow snooping operations
Infosys 3rd in Forbes’ list of ‘World’s Best Regarded Companies’
24 Sep 2019
Visa and Ferrari topped the list that also had Indian companies like Tata Consultancy Services at 22, Tata Motors at 31, Tata Steel at 105 and L&T at 115
Microsoft announces $40 bn share buyback, hikes dividend
19 Sep 2019
Microsoft reported revenue of $125.8 billion for the financial year 2019, and a net income of $39.2 billion, setting a new record fiscal year, even as the trillion-dollar company returned $7.7 billion to shareholders in the form of share repurchases and dividends in the fourth quarter of fiscal year 2019
Wipro Q1 net profit up 13% at Rs2,388 cr
17 Jul 2019
Future is bright, Premji tells Wiproites ahead of his last AGM as CMD
17 Jul 2019
Premji said while the company is committed to enhancing value for stakeholders, as a large technology company which employs 170,000 plus people, Wipro has the responsibility to drive an inclusive growth
Infosys shares zoom over 7% on strong Q1 earnings
15 Jul 2019
Infosys on Friday reported strong performance in earnings and revenue for the April-June 2019-20 quarter and announced plans to recruit 18,000 people from campuses this fiscal
TCS Q1 FY’20 net profit rises 10.8% to Rs8,131 cr
10 Jul 2019
TCS also posted an 11.4 per cent rise in revenue to Rs38,172 crore during the April-June 2019-20 quarter and reported operating margin of 24.2 per cent for the quarter
Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million
24 Jun 2019
Binny Bansal, who had earlier also sold a small portion of his residual stake in Flipkart, owned 3.52 per cent stake in Flipkart before the latest sale of 5,39,912 shares to Walmart
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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