Microsoft to set up 10 AI labs, train 5 lakh youth in India

Microsoft India on Wednesday announced to set up Artificial Intelligence (AI) labs in 10 universities and train five lakh youth across the country in disrupting technologies. The company also said it will upskill over 10,000 developers over the next three years. “We believe AI will enable Indian businesses and more for India’s progress, especially in


IT industry seeks clarity on tax provisions for BPO/KPO services, quashing of angel tax

IT industry body Nasscom has urged the government to clarify tax provisions that treat BPO-KPO services as intermediaries under GST rules, and scrap angel tax levied on investments in startups. Expressing concerns over rising instances of revenue authorities treating IT-enabled services, including BPOs and KPOs, as ‘intermediary services’, Nasscom Senior Director and Public Policy Head


TV18 Broadcast reports over Rs 146-cr Q3 net profit

TV18 Broadcast Tuesday reported a consolidated net profit of Rs 146.96 crore for the third quarter ended December 31, 2018. The company had reported a net profit of Rs 8.53 crore in the corresponding quarter a year ago. The figures for the current quarter are not comparable with those of the corresponding period consequent to