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Tuesday, 22 October 2019

Infosys hires law firm to probe charges, stock tanks over 16%

"CEO and CFO recused from matter to ensure independence of the investigation", said Nilekani in a statement.

from Tech-Economic Times https://ift.tt/2W5oRoC

Data centres may prove to be the next big opportunity in India.

From big businesses to real estate companies to global technology firms, everybody is talking of setting up data centres or of making aggressive expansions. Priyanka Sangani delineates the new trend.

from Tech-Economic Times https://ift.tt/2Pay0en

Samsung India outsources production of some phones

Almost three years ahead of schedule, Samsung has already begun exporting India-made phones to a few countries owing to its fully exhausted existing capacity. Therefore, outsourcing production is a viable option in order to meet the high demand.

from Tech-Economic Times https://ift.tt/2p4zqfK

Google India revenues more than halved to Rs 4,147 crore

Revenue, however, more than halved to Rs 4,147 crore during the fiscal year, from Rs 9,337 crore in the previous year. The local unit of the US search giant said revenue slipped due to the adoption of Ind-AS accounting standards.

from Tech-Economic Times https://ift.tt/33TNfwo

Social media app TikTok removes Islamic State propaganda videos

The videos featured corpses being paraded through streets and Islamic State fighters with guns, according to the Wall Street Journal. An employee at TikTok told AFP that about 10 accounts were removed for posting the videos.

from Tech-Economic Times https://ift.tt/35ZqNUy

Infosys may need some private time to fix itself

It’s a deja vu moment for co-founder and non-executive Chairman Nandan Nilekani.

from Tech-Economic Times https://ift.tt/2JcTlA9

US law firm begins preparing class-action suit against Infosys on whistleblower allegations

Rosen Law Firm, which specialises in securities class actions, put out an Infosys Loss Notice stating it ‘continues to investigate potential securities claims on behalf of shareholders.

from Tech-Economic Times https://ift.tt/2JbY30S