EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid.
Bharti Airtel Ltd, India's top mobile phone carrier, cut prices of its mobile data services on a special plan on Monday, accelerating discounts in the highly competitive market as the entry of a new rival looms.
The company, which has about 8,500 people across its centres in India, has also set up a new office in Bengaluru with a capacity of 3,500 workstations.
In a move to counter Reliance Jio, telecom major Bharti Airtel has slashed 4G and 3G mobile internet charges by up to 80 per cent to as low as Rs 51 per gigabyte (GB) under a special scheme.
With five of the top global IT services firms being Indian, India was the best market for e-commerce growth as the industry was heading in the right direction, said Infosys co-founder Kris Gopalakrishnan on Sunday.
The Competition Commission of India (CCI) has ordered a detailed investigation against Italy's Esaote after finding that the imaging diagnostic systems maker imposed unfair business practices.
Reports of layoffs in start-ups and the IT sector notwithstanding, HR experts believe these pink slips are due to a mix of non-performance and margin pressure and the overall outlook is not that bleak, with medium- and high-skilled jobs likely to see continued growth.
Chinese telecom gear maker Huawei launched its largest global service centre (GSC) in India with an initial investment of Rs 136 crore.
Facebook Inc changed its popular "Trending" feature, which shows users the most-talked about topics of the day, to make it more automated and further eliminate the potential for human bias, the company wrote in a blog post on Friday.
Setting at rest reports that the spectrum auction might be pushed by a few days to coincide with the period considered auspicious by Hindus, as requested by the telecom industry, the Union government said it would take place during the end of September.
RCom and Aircel talks, if successful, would lead to formation of third largest telecom operator in the country with subscriber base of over 196 million.
Country's second largest software services firm Infosys on Friday said it will give a clearer picture on its revenue guidance post the September quarter.
Infosys CEO Vishal Sikka on Friday told analysts that the Bengaluru-based IT company is not laying off employees. His comments come at a time when there has been intense speculation about pink slips at Infosys, following Royal Bank of Scotland's decision to cancel a project for which the IT major was a key technology partner.
Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said.
Ride-hailing giant Uber Technologies Inc lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter.
HCL Technologies outperformed other IT stocks on Thursday, following its first analyst meet in seven years. HCL Tech shares closed 1 per cent higher at Rs 798, outperforming the IT sub-index on the National Stock Exchange that ended 1.12 per cent lower. India's fourth largest outsourcer had on Wednesday announced a new strategy to drive growth.
Bharti Airtel said its Open Network initiative, which offers network information to customers and seeks their feedback for improvement, has led to upgradation of over 9,000 sites and optimisation of over 30,000 existing ones.
To counter competitors, state-run BSNL on Wednesday announced a national unlimited 3G mobile data plan for Rs 1,099 and doubled the data usage limit in some existing plans.
Following complaints by offline players on advertisements given by e-retailers in media announcing sale, the Commerce and Industry Ministry on Wednesday said a grievance redressal mechanism is being set up to look into the issues.