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I-T busts refund fraud, claims nexus between employees of top companies, CA
Thu, Jan 25, 2018
The Income Tax Department today claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like IBM, Vodafone and Infosys in alleged connivance with a Chartered Accountant (CA) in Bengaluru, the IT capital of the country.
Microsoft tops Thomson Reuters top 100 global tech leaders list
Wed, Jan 17, 2018
Thomson Reuters Corp on Wednesday published its debut "Top 100 Global Technology Leaders" list with Microsoft Corp in the no. 1 spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc .
Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India
Sun, May 28, 2017
Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.
Here are key highlights of Warren Buffett's address to Berkshire Hathaway's AGM
Sun, May 07, 2017
Berkshire Hathaway co-founder and CEO Warren Buffett while addressing the company's Annual General Meeting on Saturday healthcare, trade, stock buybacks, investment in Apple and IBM, among others.
Warren Buffett assails Wells Fargo, defends 3G at wide-ranging meeting
Sun, May 07, 2017
Berkshire Hathaway chairman Warren Buffett on Saturday during a meeting criticised Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal.
Will US Prez Donald Trump's new executive order hamper costs, biz of Indian IT firms?
Wed, Apr 19, 2017
The US president Donald Trump ordered a review of the US visa programme for bringing high-skilled foreign workers into the country which is likely to have impact on businesses of Indian IT firms.
Lloyds looks to move 1,900 staff to IBM to cut costs
Mon, Mar 13, 2017
Chief Executive Officer Antonio Horta-Osório is looking to shed thousands of jobs to streamline the business, support dividend payments and boost the share price as the government prepares to sell down its remaining stake in the bank this year.
CBI case a 'shock'; will hit Air India hard, says Lohani
Sat, Jan 14, 2017
Ashwani Lohani said, "Air India that has been a victim of gross indecision in recent years and only lately had started to come out of its slumber will also take a hit, I am absolutely certain, as an outcome of the unfortunate turn that this case has now taken."
Mistry does U-turn on Corus, TCS as Tata veterans trash claims
Thu, Nov 24, 2016
Springing to the defence of Ratan Tata, two retired group veterans - FC Kohli and B Muthuraman - on Wednesday rubbished as "frivolous and incorrect" Cyrus Mistry's charges that the patriarch wanted to sell TCS and his ego had inflated Corus acquisition cost, leading to the ousted group chairman p
Former TCS chairman Kohli denies Mistry's IBM claims
Wed, Nov 23, 2016
He said, "I was actively involved in the decision to bring IBM to India. A JV for hardware manufacturing and support in India, Tata IBM, was set up in 1991-92. This JV was undertaken to promote a computer hardware industry in India which was non-existent at that time."
IBM Q3 revenue falls, but tops forecasts on cloud, analytics growth
Tue, Oct 18, 2016
International Business Machines Corporation (IBM) posted better-than-expected third-quarter (Q3) revenue on Tuesday, helped by growth in the company's cloud and analytics businesses.
Why artificial intelligence startups are most sought-after in last 4 years
Thu, Jun 30, 2016
There have been over 20 acquisitions of AI startups in 2016 itself. The most recent being Twitter's acquisition of visual-processing startup Magic Pony Technology.
Warren Buffett buys stake in Apple
Mon, May 16, 2016
Berkshire is also backing a takeover bid for the core assets of struggling Internet company Yahoo.
IBM reports worst quarterly revenue in 14 years as businesses fail to halt decline
Tue, Apr 19, 2016
IBM's revenues fell 4.6% to approximately Rs 1.24 lakh crore as newer businesses including cloud and mobile computing failed to offset declines in its traditional business
IBM reports worst revenue in 14 years, shares slide
Tue, Apr 19, 2016
Excluding items, IBM earned $2.35 per share, beating the average analyst estimate of $2.09.