It Companies

War Rooms, Oxygen: IT Companies Scramble To Handle COVID-19 Surge

India News | Reuters | Wednesday April 28, 2021

Giant IT firms in Bengaluru and other cities have set up COVID-19 "war-rooms" as they scramble to source oxygen, medicine and hospital beds for infected workers and maintain backroom operations for the world's biggest financial firms.

School Dropout, Owner Of UK-Based Company Creating IT Awareness Among Kashmiri Youth

Education | Reported by ANI | Thursday March 25, 2021

Sheikh Asif, a school dropout from Kashmir's Batamaloo and owner of a UK-based Information Technology (IT) company, is creating IT awareness among Kashmiri youth and giving online classes to them in web designing and digital marketing.

Tesla Coming To India: The Genesis, The Journey 

Written by Sahil Gupta | Monday January 25, 2021

Now that Tesla has incorporated its company in India, finally in 2021, it is very likely we will see, the Model 3 land in the country.

Sensex, Nifty Surge To Record Highs Led By Gains In IT Shares

Business | Written by Abhishek Vasudev | Friday January 8, 2021

The S&P BSE Sensex and NSE Nifty 50 indexes surged to record highs in trade on Friday led by gains in information technology heavyweights like Infosys and Tata Consultancy Services ahead of earnings announcement of the country's largest IT company, TCS. The benchmarks staged a gap up opening and extended gains in noon deals. The Sensex rose as much...

China Says It Will Take Action Against US Delisting Of Its Telecom Firms

World News | Reuters | Saturday January 2, 2021

China will take "necessary measures" to safeguard the interests of its companies after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties, the country's commerce ministry said on Saturday.

IT Stocks Strengthen As Infosys, Wipro Bag Mega Contracts

Business | Edited by Peter Noronha | Wednesday December 23, 2020

IT majors Infosys and Wipro bagged mega multi-year contracts from Germany's Daimler AG and Wipro won a strategic digital and IT partnership deal from METRO AG

Uber, Hard-Hit by Pandemic, Sells Its Robot-Vehicle Division ATG to Aurora

Associated Press | Tuesday December 8, 2020

Uber is selling off its autonomous vehicles development arm, Uber Advanced Technologies Group (ATG), as the ride-hailing company slims down after its revenues were pummelled by the coronavirus pandemic.

IT Shares Gain On Hopes Of Easy H-1B Visas Under Joe Biden's Administration

Business | Edited by Abhishek Vasudev | Monday November 9, 2020

Gauge of 10 IT shares on the National Stock Exchange - Nifty IT index - climbed as much as 2% with all, but one share, in the index trading higher.

Assam JEE Proxy Candidate Case: Search On For Coaching Centre Owner, IT Professional

Education | Reported by Press Trust of India | Friday October 30, 2020

Assam JEE Proxy Candidate Case: The Assam Police has launched a hunt to apprehend two prime accused - an owner of a coaching institute and an employee of a leading IT company - in connection with the JEE (Mains) examination scam.

Huawei, ZTE Ban: China Urges Sweden to Reverse Decision to Avoid Harming Its Companies

Reuters | Thursday October 22, 2020

Sweden should reverse its ban on Chinese telecommunications companies Huawei and ZTE from a planned 5G spectrum auction to avoid a "negative impact" on its own companies, said China's foreign ministry.

Share Market Updates: Sensex Jumps Over 350 Points, Nifty Above 11,750 Amid Broad-Based Gains

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 16, 2020

Share Market Updates: Shares in Noida-based HCL Tech fell after the IT company reported its financial results for the September quarter and announced a dividend of Rs 4.

Sensex, Nifty Likely To Open Flat Today After Markets Rally For 10 Days

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 15, 2020

Infosys shares will be in focus today, a day after the country's second largest IT company raised its annual revenue growth forecast.

Infosys Posts 14% Rise In Q2 Profit, Announces Salary Hikes From January

Business | Edited by Sandeep Singh | Wednesday October 14, 2020

Infosys, the country's second largest IT company, on Wednesday reported a 14 per cent rise in net profit to Rs 4,845 crore in the July-September period compared to the previous quarter, beating analysts' estimates. In a regulatory filing after market hours, the IT major said its revenue increased 3.82 per cent sequentially to Rs 24,570 crore in the...

Stock Market Updates: Sensex Soars 550 Points, Nifty Near 11,900; TCS, Wipro Hit Record Highs

Business | Edited by Sandeep Singh (with inputs from agencies) | Thursday October 8, 2020

Stock Market Updates: Wipro shares jumped 6.28 per cent to a record high of Rs 356.30 apiece on the BSE, after the IT company said it will consider a stock repurchase.

HCL Tech Share Price Rises After IT Major Expands Partnership With Google Cloud

Business | Edited by Sandeep Singh | Thursday September 17, 2020

HCL Technologies on Wednesday announced the expansion of its strategic partnership with Google Cloud to bring the IT company's Actian portfolio to Google Cloud.