Infosys Ltd has said that it expects a refund of ₹6,329 crore from the Income Tax Department. It also informed the stock exchanges about tax demand to the tune of ₹2,763 crore, citing various assessment orders. The company said said it has received orders from the Income Tax Department for assessment years 07-08 to 15-16, […]

AT&T Inc. said that personal data from about 7.6 million current account holders and 65.4 million former customers was leaked onto the dark web. The data — leaked about two weeks ago — includes personal information such as Social Security numbers and appears to be from 2019 or earlier, the company said Saturday in a […]

 Tata Consultancy Services has said that allegations that it engages in unlawful discrimination are meritless and misleading. “TCS has a strong track record of being an equal opportunity employer in the US, imbibing the highest levels of integrity and values in our operations.” TCS said in a statement after over 20 employees in the US […]

The United States District Court for the District of Columbia confirmed a $132-million award awarded to Deutsche Telekom against the Republic of India. The German company had petitioned the court to confirm this award even as India countered this petition to get the award dismissed. Also read:Telecom players may take a call on tariff hike […

Policymakers’ push for semiconductor manufacturing and chip design talent base has led to more chip industry GCCs (global capability centres) setting up shops in India. Also read:DY Patil University starts BTech course on semiconductor For the first time, the semiconductor sector accounted for about 30 per cent of the new GCCs established in India

Only 4 per cent of organizations in India have the ‘mature’ level of readiness needed to be resilient against modern cybersecurity risks, according to Cisco’s 2024 Cybersecurity Readiness Index. Companies today continue to be targeted with various techniques, ranging from phishing and ransomware to supply chain and social engineering attacks. While

Amazon.com Inc has announced that it is investing an additional $2.75 billion in Anthropic, completing a deal it made last year to back the artificial intelligence startup and expand a partnership between the companies.  The infusion brings Amazon’s total investment in Anthropic, a well-regarded builder of AI tools able to generate text and analysi

SaaS-based conversational messaging platform Gupshup is seeing a higher allocation by client spending for experimental digital initiatives and increased spending on conversational channels, according to Beerud Sheth, co-founder and CEO, Gupshup. He said that the average client spend has grown about 10 per cent over the last year, driven by increase

With data consumption exploding in India, Chennai-based Sify Technologies is setting up more data storage centres. Its data centre at Rabale in Mumbai went live recently, and it will launch two more — in Chennai and Mumbai — by June, said MP Vijay Kumar, Executive Director and Group CFO, Sify Technologies. The Rabale facility will […]

In a bid to rescue struggling financials after the Zee-Sony merger collapse, the board of Zee Entertainment Enterprises Ltd (ZEE) has institutionalised a structured Monthly Management Mentorship (3M) Programme, which hopes to achieve the 20 per cent EBITDA margin committed by Goenka to investors. In a nutshell, the 3M programme is expected to do cr

KPMG India and Cisco, an enterprise networking and security company, announced a strategic alliance to provide organisations in India with a broad range of services to help navigate complex business challenges and accelerate digital transformation. By combining KPMG in India’s business knowledge and Cisco’s technological expertise, the strategic al

The Ministry of Electronics and IT has completed the drafting process for the rules of the Digital Personal Data Protection Act (DPDP), 2023. However, the rules will be open for consultation only after the Lok Sabha Elections. A source told businessline that most of the drafting process for these rules was done earlier this year. […]

Start-ups are set to challenge the Competition Commission of India’s recent order denying them interim relief during the pendency of their plea challenging tech giant Google’s Play Store payment policies. The appeals are likely to be filed before the National Company Law Appellate Tribunal in the next few days, sources said. “Despite CCI finding pr

In line with the policy to promote exports of high-tech items, the government is set to liberalise exports of two controlled items with dual-use capabilities – networking equipment and information security software – for certified exporters shipping the items for civilian use following specified standards, sources have said.  The identified items a

Telecom consumers must brace for another round of tariff hikes after the general elections and mobile operators are looking to improve their average revenue per user. However, experts believe that telcos will need to follow a differential pricing strategy for entry level to ensure that low-income consumers are not forced to give up their mobile [&h

Data analytics platform Databricks’ India arm has recorded an 80 per cent annualised growth over the past two fiscal years, the company has said in a release. The company has also launched its Databricks Infrastructure on Google Cloud’s India (Mumbai) region to support the growing customer base and demand for the Databricks Data Intelligence Platfo

Born Group, Inc., a step-down subsidiary of Tech Mahindra Ltd (TML), will merge with Tech Mahindra (Americas) Inc., a subsidiary of TML, with the appointed date of the merger plan being April 1, 2024. The plan of merger of Born Group, Inc. (BORN) with parent Tech Mahindra (Americas) Inc. (TMA) was approved at their respective […]

As India has set an ambitious mission of becoming a major hub for semiconductor, Zoho’s co-founder and CEO Sridhar Vembu wants to set up a semiconductor design project in rural Tenkasi in southern Tamil Nadu. He hinted at this in a post on X (Twitter) while reacting to a post by Ananthan Ayyasamy, a former […]

Vodafone Group Plc is looking to sell up to 3 per cent stake in Indian telecom infrastructure company Indus Towers, which has seen its shares run up over 70 per cent over the last one year. The deal size is likely to be a little over ₹2,000 crore, sources said. The UK telecom operator owns, […]