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Wednesday, 23 October 2019

Infosys faces class action suit in US as regulators step up pressure

The BSE has asked the Bengaluru-headquartered firm to provide an explanation citing Sebi regulations.

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Microsoft reports more than $1 billion in India revenue

Microsoft India reported an 8% jump in net profit to Rs. 386 crore during the same period. Microsoft India's total expenses for the fiscal were reported as Rs. 6,699 crore.

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TCS launches blockchain-based multi-brand customer loyalty platform on R3’s Corda

“An open, incentivized ecosystem can make trillions of loyalty points fungible as digital tokens," said Lakshminarasimhan (Lakshmi) Srinivasan, Global Head, Blockchain Services, TCS.

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Hard Brexit an opportunity to Indian IT companies: Expert

Former NASSCOM President expressed the view that if there was a "hard" Brexit, the UK would look for new partners and also eye establishing (new) partnerships in technology space. UK's trade linkage with India will eventually help the IT sector.

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Cloud data management company Rubrik opens R&D centre in Bengaluru

“With the new R&D center, Rubrik is proving it’s unique dual development center strategy and strengthening strategic business and trade ties between the US and India,” said John Chambers, Board Advisor of Rubrik.

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Tuesday, 22 October 2019

The Infosys episode so far: How the crisis at the Asian tech icon is unfolding

The whistle-blowers' letter has accused the tech major's Chief Executive Officer Salil Parekh of instigating employees to inflate profits, mis-represent the lucrativeness of deals, even of abusing travel privileges.

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Govt sets up panel to resolve MeitY and Niti fight over AI

The committee, which has been formed to root out duplication of work, will be headed by principal scientific advisor K VijayRaghavan. The panel will specify the roles of different agencies in achieving the AI mission.

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