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Current Account Deficit To Moderate In Second Half Of 2022-23: RBI Governor
Shaktikanta Das said services exports rose 24.9 per cent year-on-year in the third quarter of 2022-23, driven by software, business and travel services.
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Current Account Deficit Likely To Be Lower At 3% This Fiscal: SBI Report
State Bank of India has pencilled in lower current account deficit at 3 per cent for this fiscal as against the minimum consensus of 3.5 per cent, citing rising software exports, remittances and a likely USD 5-billion jump in forex reserves via swap deals.
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US Tightens Export Controls on Advanced Chips, Engine Technology Critical to National Security
The US has announced new export controls on technologies including additional equipment, software, and technology used to produce semiconductors and gas turbine engines. Devices that utilise these materials have significantly increased military potential, according to the US Commerce Department
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TCS Chief Says Aim To Become World's Largest IT Company
India's largest software exporter TCS on Friday said it aims to become the topmost IT services company in the world
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TCS Fixes Record Date For Share Buyback Worth Rs 18,000 Crore: 5 Points
Top software services exporter Tata Consultancy Services (TCS) has approved the buyback of shares worth Rs 18,000 crore and fixed February 23 as the record date for determining the entitlement of equity shareholders. "This is further to our letter dated January 12, 2022, informing the decision of the board of directors of the company to buyback up ...
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Nucleus Software Gains Over 4% After Bagging Order From Vietnam Bank
Nucleus Software Share Price: Nucleus Software shares opened on the BSE at Rs 497.05, swinging to an intra day high of Rs 520.70 and an intra day low of Rs 495.60, in the trading session so far.
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Pegasus Spyware Maker NSO Blacklisted by US Following Surveillance Scandal
US authorities put the Israeli maker of the Pegasus, NSO, on a blacklist of restricted companies, taking aim at software central to a scandal over surveillance of journalists and officials.
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TCS Net Profit Jumps 29% To Rs 9,624 Crore In Second Quarter
Software exporter Tata Consultancy Services Ltd (TCS) on Friday reported a 28.75% rise in its second quarter (Q2) profit -- ended on September 30 -- of the current financial year 2021-22 (FY22), boosted by a pandemic-led demand for digitisation from businesses.
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Nucleus Software Exports Announces Buyback Offer Of Nearly Rs 159 Crore
Nucleus Software Exports has announced a buyback offer of around Rs 159crore on Friday. The company in a notification to exchanges said, "The Board of Directors on September 24 approved the proposal for buyback of its shares from the equity shareholders on a proportionate basis through the tender offer route."
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Software Services Exports Grew By 2% To $148.3 Billion In 2020-21: RBI
There was a two per cent growth in exports of software services, which also included services rendered by foreign partners of Indian entities.
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Huawei Founder Ren Zhengfei Urges Shift to Software to Counter US Sanctions
Huawei founder Ren Zhengfei has called on the company's staff to "dare to lead the world" in software as the company seeks growth beyond the hardware operations that US sanctions have crippled.
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TikTok Buyers Said to Pursue Four Options in Effort to Revive Talks
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
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Chinese Tech Giant Qihoo 360 Criticises US for 'Politicising Business'
One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.
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WhatsApp to Stop Working on Older Android Phones, iPhone Models Today: Next Steps
WhatsApp had announced the deadline last year, giving users a fair amount of time to either update their phones to newer Android and iOS versions, or save their chat history.
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NSO Group Israeli Surveillance Software Lawsuit Goes Behind Closed Doors
An Israeli court on Thursday ordered closed-door hearings in Amnesty International's legal bid to stop NSO Group exporting surveillance software, which rights groups say is used to spy on journalists and dissidents worldwide.
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Current Account Deficit To Moderate In Second Half Of 2022-23: RBI Governor
Shaktikanta Das said services exports rose 24.9 per cent year-on-year in the third quarter of 2022-23, driven by software, business and travel services.
-
Current Account Deficit Likely To Be Lower At 3% This Fiscal: SBI Report
State Bank of India has pencilled in lower current account deficit at 3 per cent for this fiscal as against the minimum consensus of 3.5 per cent, citing rising software exports, remittances and a likely USD 5-billion jump in forex reserves via swap deals.
-
US Tightens Export Controls on Advanced Chips, Engine Technology Critical to National Security
The US has announced new export controls on technologies including additional equipment, software, and technology used to produce semiconductors and gas turbine engines. Devices that utilise these materials have significantly increased military potential, according to the US Commerce Department
-
TCS Chief Says Aim To Become World's Largest IT Company
India's largest software exporter TCS on Friday said it aims to become the topmost IT services company in the world
-
TCS Fixes Record Date For Share Buyback Worth Rs 18,000 Crore: 5 Points
Top software services exporter Tata Consultancy Services (TCS) has approved the buyback of shares worth Rs 18,000 crore and fixed February 23 as the record date for determining the entitlement of equity shareholders. "This is further to our letter dated January 12, 2022, informing the decision of the board of directors of the company to buyback up ...
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Nucleus Software Gains Over 4% After Bagging Order From Vietnam Bank
Nucleus Software Share Price: Nucleus Software shares opened on the BSE at Rs 497.05, swinging to an intra day high of Rs 520.70 and an intra day low of Rs 495.60, in the trading session so far.
-
Pegasus Spyware Maker NSO Blacklisted by US Following Surveillance Scandal
US authorities put the Israeli maker of the Pegasus, NSO, on a blacklist of restricted companies, taking aim at software central to a scandal over surveillance of journalists and officials.
-
TCS Net Profit Jumps 29% To Rs 9,624 Crore In Second Quarter
Software exporter Tata Consultancy Services Ltd (TCS) on Friday reported a 28.75% rise in its second quarter (Q2) profit -- ended on September 30 -- of the current financial year 2021-22 (FY22), boosted by a pandemic-led demand for digitisation from businesses.
-
Nucleus Software Exports Announces Buyback Offer Of Nearly Rs 159 Crore
Nucleus Software Exports has announced a buyback offer of around Rs 159crore on Friday. The company in a notification to exchanges said, "The Board of Directors on September 24 approved the proposal for buyback of its shares from the equity shareholders on a proportionate basis through the tender offer route."
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Software Services Exports Grew By 2% To $148.3 Billion In 2020-21: RBI
There was a two per cent growth in exports of software services, which also included services rendered by foreign partners of Indian entities.
-
Huawei Founder Ren Zhengfei Urges Shift to Software to Counter US Sanctions
Huawei founder Ren Zhengfei has called on the company's staff to "dare to lead the world" in software as the company seeks growth beyond the hardware operations that US sanctions have crippled.
-
TikTok Buyers Said to Pursue Four Options in Effort to Revive Talks
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
-
Chinese Tech Giant Qihoo 360 Criticises US for 'Politicising Business'
One of China’s biggest tech companies has criticized the Trump administration for “politicizing business” after it slapped export sanctions on 33 more Chinese enterprises and government entities.
-
WhatsApp to Stop Working on Older Android Phones, iPhone Models Today: Next Steps
WhatsApp had announced the deadline last year, giving users a fair amount of time to either update their phones to newer Android and iOS versions, or save their chat history.
-
NSO Group Israeli Surveillance Software Lawsuit Goes Behind Closed Doors
An Israeli court on Thursday ordered closed-door hearings in Amnesty International's legal bid to stop NSO Group exporting surveillance software, which rights groups say is used to spy on journalists and dissidents worldwide.
