IT news
Infosys cuts guidance despite 10.5% rise in Q4 net to Rs4,078 cr
15 Apr 2019
Infosys forecasts compressed margins for the year ahead at 21-23 per cent, much lower than its margin of 22.8 per cent in FY19, while TCS saw its margin rising from 25.6 per cent in FY19 to 26-28 per cent in FY20
TCS Q4 profit jumps 18% to Rs 8,126 crore
12 Apr 2019
TCS reported the strongest revenue growth in the last fifteen quarters with sizeable expansion in order book and client addition
March 2019’s most wanted malware Coinhive stops digging, but cryptomining still dominates
10 Apr 2019
Barring PE Asia to acquire 53% in NIIT Tech for Rs4,890 cr
08 Apr 2019
NIIT Technologies, on its part, will acquire Wishwork IT Consulting, besides selling its entire 88.99 per cent stake in Esri India Technologies Ltd to other equity shareholders of Esri, Inc
Facebook removes ISI-backed Congress party accounts, pages
01 Apr 2019
Facebook said it is removing 687 pages associated with the Congress party, including 103 accounts linked to individuals working for the publicity division of Pakistan’s military establishment, or the Inter-Services Public Relations (ISPR)
Google pushes online gaming industry with its Stadia
26 Mar 2019
Instead of a console, Google’s Stadia would use a cloud platform to do all the processing online, with the devices requiring only a fast internet connection
European Commission hits Google with $1.7 bn antitrust fine
20 Mar 2019
The latest fine on Google, for allegedly forcing customers of its AdSense business to sign contracts barring rival search engines, takes total EU fine on Google over the last three years to $9.3 billion
Mindtree board rejects L&T’s Rs10,733-cr hostile bid
19 Mar 2019
The board of Mindtree said they saw no strategic advantage in the transaction and believed that it would be “value destructive for all shareholders,” but said it would deliberate over the L&T proposal tomorrow
Co-founder Bagchi returns to save Mindtree from L&T’s takeover bid
18 Mar 2019
Larsen & Toubro is reported to be now offering as much as Rs7,000 crore for a 20.4 per cent stake in Mindtree, currently held by its largest shareholder V G Siddharth, against its earlier offer of about Rs3,000 crore
Premji pledges another 34% of his Wipro shares to philanthropy
14 Mar 2019
Wipro chairman Azim Premji, who is also chairman of the Azim Premji Foundation, has now 67 per cent of his beneficial ownership in Wipro Ltd pledged irrevocably to charity
India to insist on local presence for foreign online retailers
25 Feb 2019
Policy loopholes have helped e-com entities from China to grab a major share of the smartphone and fashion businesses in India, with Tier-II and Tier-III cities accounting for 30 per cent of their fashion sales
Future is digital, says Nasscom
21 Feb 2019
Exports from the IT-BPO sector crossed $137 billion, marginally above the Nasscom guidance of 7-9 per cent, while sector revenues crossed $180 billion on the back of a 30 per cent jump in digital revenues to $33 billion in 2018-19
Millions of SBI account details leaked: report
31 Jan 2019
EC to lodge FIR on self-proclaimed EVM hacker
22 Jan 2019
Infosys offers Rs10,000-cr buyback and dividend after profit fall
11 Jan 2019
Infosys reported a 29.62 per cent drop in consolidated net profit to Rs3,610 crore for the December quarter against a Rs5,129-crore net profit in the corresponding quarter last year
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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