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SoftBank posts $5.93 billion loss in December quarter as investment arm struggles
Business

SoftBank posts $5.93 billion loss in December quarter as investment arm struggles

SoftBank generated a profit for the first time in three quarters in the prior quarter as it sold a sizable portion of its treasured holding, Alibaba Group Holding, to raise funds

Kanwar Grewal's homes raided by IT officials: Who is Punjabi singer who wrote protest anthems for farmers?
India

Kanwar Grewal's homes raided by IT officials: Who is Punjabi singer who wrote protest anthems for farmers?

Kanwar Grewal is a renowned Sufi singer who actively participated in farmers’ agitation in Delhi last year. He often wrote songs during demonstrations and prepared langar for farmers

Bombay HC extends no coercive action order against Anil Ambani till Dec 19 in tax case
India

Bombay HC extends no coercive action order against Anil Ambani till Dec 19 in tax case

The order was extended by a division bench of Justices S V Gangapurwala and S G Dige after the IT department sought more time to file its affidavit in response to Ambani's petition challenging the notice

I-T officials raid premises linked to Bihar minister's kin
India

I-T officials raid premises linked to Bihar minister's kin

The personnel also visited the minister's home in the state capital to "enquire" about his relative in a case pertaining to alleged tax evasion

Accenture India fires employees with fake documents; details here
Business

Accenture India fires employees with fake documents; details here

Accenture has issued a warning to job seekers, advising them to be cautious of some employment agencies and individuals who are requesting payment in exchange for jobs

Stock Market Update: Nifty, Sensex hit flat note; IT shares rise
Business

Stock Market Update: Nifty, Sensex hit flat note; IT shares rise

The Sensex of the Bombay Stock Exchange (BSE) was trading at 57,826, down 164 points, while the Nifty of the National Stock Exchange (NSE) was down 46 points at 17,194

India came to a halt during UPA rule, decisions not taken on time, says Narayana Murthy
India

India came to a halt during UPA rule, decisions not taken on time, says Narayana Murthy

During his interaction with young entrepreneurs and students at the Indian Institute of Management - Ahmedabad (IIMA) on Friday, Murthy expressed confidence that young minds can make India a worthy competitor of China, the world's second largest economy

Infosys bans moonlighting, Wipro head calls it ‘cheating’: What’s this practice on the rise in the tech industry?
Business

Infosys bans moonlighting, Wipro head calls it ‘cheating’: What’s this practice on the rise in the tech industry?

Infosys has sent out an email to its employees warning them against moonlighting, saying it could lead to termination. The practice of taking up a second job during or outside of regular office hours is on the rise in the tech industry, especially with work from home

India@75: IT sector’s historic rise since Independence to become a global powerhouse
Business

India@75: IT sector’s historic rise since Independence to become a global powerhouse

Considering its fast growth pace, India is at the centre of global IT attraction with players betting big on the future of IT in India

Maharashtra: IT conducts raids on premises of close aides of Aaditya Thackeray and Anil Parab
Politics

Maharashtra: IT conducts raids on premises of close aides of Aaditya Thackeray and Anil Parab

Reacting to the raids, Shiv Sena leader Sanjay Raut accused the Central Government of trying to pressurise and destabilise the coalition government in Maharashtra

IITs attract 9,000 jobs in first phase of campus hiring, including 160 offers of Rs 1 crore plus annual salary
India

IITs attract 9,000 jobs in first phase of campus hiring, including 160 offers of Rs 1 crore plus annual salary

The average salary hike at the older campuses this year has been in the range of 15 percent to 35 percent so far, making it one of the most successful years of campus placement for the elite engineering schools

Income tax refunds over Rs 67,400 crore issued in five months of this fiscal
India

Income tax refunds over Rs 67,400 crore issued in five months of this fiscal

Of this, income tax refunds of Rs 16,373 crore have been issued in over 22.61 lakh cases and corporate tax refunds of Rs 51,029 crore have been issued in over 1.37 lakh cases

Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil
Business

Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil

The Crisil estimate is based on an analysis of 300 companies accounting for 55-60 percent of the market capitalisation (excluding financial services and oil companies)

ITR due date extension: Centre extends FY21 filing deadline for individual tax payers to 30 Sep
India

ITR due date extension: Centre extends FY21 filing deadline for individual tax payers to 30 Sep

The deadline for issuing Form 16 by employers to employees has also been extended by a month till 15 July, 2021, the CBDT said

'Not so sasti anymore': Taapsee Pannu's rebuttal to Nirmala Sitharaman's claims on IT raids
Entertainment

'Not so sasti anymore': Taapsee Pannu's rebuttal to Nirmala Sitharaman's claims on IT raids

"Not so sasti anymore," Taapsee Pannu responds to the IT raids at her place, referring to Kangana Ranaut's "sasti copy" remark from 2019

Income Tax department raids premises linked to Taapsee Pannu, Anurag Kashyap's Phantom Films
Entertainment

Income Tax department raids premises linked to Taapsee Pannu, Anurag Kashyap's Phantom Films

Income Tax officials said the searches are part of a tax evasion probe and conducted at about 20 locations in Mumbai and Pune.

Laid off during lockdown, Hyderabad-based techie dies by suicide due to harassment from online lender
India

Laid off during lockdown, Hyderabad-based techie dies by suicide due to harassment from online lender

The police is investigating several online lender app companies, which allegedly obtained sensitive data such as contacts and photographs from the mobile phones of customers and used them to defame or blackmail the victims to get the repayment

Ahead of The Stand's release, Stephen King looks back on the best and worst TV adaptations of his stories
Entertainment

Ahead of The Stand's release, Stephen King looks back on the best and worst TV adaptations of his stories

As with the film adaptations, attempts to bring King’s books to life on TV have had mixed results, and few have reached the heights of The Green Mile or Misery.

S Jaishankar suggests free trade talks with EU stuck due to bloc's reluctance
India

S Jaishankar suggests free trade talks with EU stuck due to bloc's reluctance

The talks for the FTA have been stalled since May 2013 when both sides failed to bridge substantial gaps on crucial issues, including on data security status for the IT sector

Infosys announces salary hikes, promotions from Jan 2021; special incentive pay for junior employees
Business

Infosys announces salary hikes, promotions from Jan 2021; special incentive pay for junior employees

The Bengaluru-based company had 2,40,208 employees at the end of September 2020 quarter. COO Pravin Rao said the quantum of hikes would be identical to previous years