May 23, 2013 12:45 (IST)
The California-based law firm, Aiman-Smith & Marcy, said that iGate's head of investor relations Araceli Roiz was pregnant with Murthy's child.
May 23, 2013 12:14 (IST)
Oracle, majority owned by Oracle Corp, attracted demand of nearly four times its share sale of 4.4 million shares, according to exchange data, surprising investors who had shorted the stock for arbitrage in anticipation of tepid demand.
Beijing | May 22, 2013 15:52 (IST)
TATA group is the biggest Indian group present in China.
Washington | May 22, 2013 14:52 (IST)
Continued presence of such a problematic provision in the bill, which was passed by a key Senate panel yesterday, industry sources said would not only badly hit Indian IT companies, but also disrupt operational capabilities of a large number of key American companies as well.
London | May 21, 2013 13:26 (IST)
The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its US arm in one of the world's largest deals, posted a 4.2 per cent fall in organic service revenue, broadly in line with forecasts.
Mumbai/Bangalore, United States | May 21, 2013 10:39 (IST)
The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement.
Beijing | May 20, 2013 15:16 (IST)
Top executives of the both Huawei, China's number one telecom major along with ZTE were reportedly accompanying Chinese Premier, Li Keqiang, on his current tour of India, as part of his big business delegation.
New Delhi | May 19, 2013 16:50 (IST)
The Cellular Operators Association of India (COAI) is planning to approach the Department of Telecommunications (DoT) in the "next few days" asking it to cancel 19 licences awarded to Tata Teleservices (TTSL) over 5 years ago.
May 17, 2013 13:34 (IST)
Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.
May 17, 2013 13:00 (IST)
Overtaking Apple Inc as the world's leading maker of smartphones has stretched Samsung Electronics Co's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.
May 17, 2013 11:54 (IST)
Apple Inc CEO Tim Cook will propose tax changes that would encourage firms to bring home more of their offshore funds when he faces congressional queries next Tuesday over his company's overseas cash holdings and tax bills, the Washington Post reported.
May 16, 2013 23:40 (IST)
The sliver of computer-related jobs inside the U.S. that might be designated for foreigners fewer than 200,000 out of 6 million has been enough to strain a bipartisan deal in the Senate on immigration reform, showcase the power of big labor and splinter a once-chummy group of elite tech leaders hoping to make inroads in Washington.
May 16, 2013 19:23 (IST)
Software services provider Mahindra Satyam's net profit declined by 15 per cent to Rs 454.12 crore for the fourth quarter ended March 31, 2013. Net profit stood at Rs 534.21 crore in the same period last year.
New Delhi | May 16, 2013 16:05 (IST)
The Bangalore-based IT major said its profitability is being affected by pricing pressures on services, and volatility of the currency exchange rates increased wage pressures in India and at other locations.
May 13, 2013 13:01 (IST)
Offshore-centric IT services major Cognizant has paid its India-origin CEO Francisco D'Souza a pay package of $10.61 million in cash, stocks and other benefits.
May 12, 2013 18:36 (IST)
Telecom operator Tata Teleservices (TTL), which has approached DoT to surrender its additional CDMA spectrum in all circles except Delhi and Mumbai with some riders, may be asked to vacate the spectrum without any condition, sources said.
New Delhi | May 11, 2013 19:39 (IST)
Reliance Communications plans to use CDMA spectrum mainly for providing wireless internet services to increase revenues and migrate its predominantly voice customers to GSM technology platform.
New Delhi | May 10, 2013 17:48 (IST)
The smaller-than-expected fall in quarterly profit was helped by higher other income even as the country's third-biggest mobile carrier by customers struggles with its heavy debt load.
May 10, 2013 16:09 (IST)
Rolta India today said its fully-owned subsidiary Rolta LLC raised $200 million through a foreign bond sale at 10.75 per cent coupon to refinance existing debt and meet working capital needs.
Mumbai | May 10, 2013 12:52 (IST)
Piramal owns an 11 per cent stake in Vodafone India Ltd, which is the country's second-biggest phone carrier. Piramal had bought the stake in two stages for a total of about Rs 5900 crore.