US Chamber of Commerce, lobbying group urged India to delay a new digital tax; say firms battling fallout of coronavirus
The digital tax, inserted into budget amendments passed in March, caught the industry off guard as it was not part of the main proposals finance ministry had presented in Parliament a month earlier
Facebook invests $5.7 billion in Reliance Industries Jio Platforms; plans digital services for Indian grocers
The deal for 9.99 percent of Jio Platforms, which houses the telecoms unit Jio Infocomm as well as other news, movie and music apps, gives Jio Platforms an enterprise value of about $66 billion, Reliance said.
Coronavirus Outbreak: Tech giants such as Google, Facebook seek to defer Indian digital tax, says report
The tax would also apply to e-commerce transactions on websites such as Amazon.com, as well as advertising revenue earned from companies overseas if it eventually “targets a customer” in India, the government said.
Salesforce hires former SBI banker Arundhati Bhattacharya as India CEO; to join firm in April: Report
Arundhati Bhattacharya previously headed the State Bank of India (SBI), the country’s largest lender, and was the first woman to lead the more than 200-year-old bank. She retired from SBI in 2017 after spending four decades in various roles.
G20 finance heads eye impact of coronavirus outbreak on global growth, see modest pick-up in 2020, 2021
The G20 finance ministers and central bank heads faced a sober presentation by the International Monetary Fund (IMF), which predicted the epidemic would shave 0.1 percentage points off global growth.
Hong Kong banks gird for online-only onslaught with high deposit rates, low fees, snazzy branches, fee waivers
The digital banks plan to begin by offering services such as savings accounts, credit cards, personal loans, foreign exchange and travel insurance.
Infosys, TCS results should be viewed beyond street estimates; industry growth momentum is real and broad-based
TCS will automate and maintain digital platform on the cloud for an estimated 3,00,000 chartered accountants and 8,00,000 students in India alone.
Following network failure, access to wages, pensions, subsidies, and all other bank transactions are hampered, leaving in its wake a disgruntled population.
Volvo to buy some assets of premium valet service Luxe in attempt to boost development of its digital services
San Francisco-based Luxe provides valet parking through an app. The deal is also expected to accelerate Volvo's ability to offer services such as pick-up and drop, the automaker said.
Nasscom President R Chandrashekhar said SC ruling will ensure that protection of citizen's privacy is a "cardinal principle" in India's growing digital economy
Atos claims the supercomputer is a successor to the Curie system installed at the Très Grand Centre de Calcul of the CEA in Bruyères-Le-Chate (lTGCC).
President Donald Trump announced on Monday he has signed an executive order creating a new technology council to "transfer and modernize" the U.S. government.
Idea Cellular has announced the launch of 'Digital Idea', a digital services platform to provide digital content to its users in the launch event here in Mumbai.
Ford Motor Co is expanding the use of Amazon.com Inc's Alexa personal assistant in its vehicles to allow drivers to talk to their cars - demanding anything from a nearby cheeseburger to a weather forecast.
In India, the number of internet users is predicted to reach 504 million by 2017. This impressive market potential is driving a surge in digital services, opened up by growing innovation in the digital age.
Alphabet Inc's Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business.
The acquisition will further strengthen and enable the company to engage with its clients at the start of the journey and help design the customer experience for their businesses
India is set to give our digital services - which are helping companies counter data fails and provide real-time insights for taking action globally - a much-needed boost in 2016, a top executive of global high-value services provider Concentrix has said.
The study report on IT services India: Market share gains despite headwinds also expects the industry to maintain its market share, with Ebitda (operating) margin at 21-22 percent.
As of 31 March 2015, the Bangalore-based company's total workforce stood at 1,58,217