Daily Archives: November 1, 2017

Cognizant Q3 net up 11% at $495 mn, eyes 10% revenue growth in 2017

The US-based IT major Cognizant on Wednesday said its net profit has jumped 11.4 per cent to $495 million during September 2017 quarter from the year-ago period. This is against a net profit of $444 million in July-September 2016, Cognizant said in a statement. Cognizant, which follows January-December as a financial year, has a majority

Anil Ambani’s RCom, GCX ratings unaffected by debt restructuring: Fitch

The ratings on Reliance Communications and its subsidiary Global Cloud Xchange will be “unaffected” by the debt restructuring plan outlined by the company, according to Fitch Ratings. Re-rating will happen after clarity on the execution of the sale of its assets and the capital structure of the revamped entity, it added. Earlier this week, billionaire

Malaysia probes leak of 46 mn phone users’ data

Malaysia is investigating an attempt to sell details of more than 46 million mobile phone subscribers that were leaked online in a massive data breach, a minister said today. The breach was originally reported by local technology website Lowyat.net after unidentified individuals offered the phone data, from several telecoms companies, and other personal information for

Tech Mahindra Q2 net profit up 29.7 pc to Rs 836 cr

Country’s fifth largest IT firm Tech Mahindra today said its consolidated net profit has increased 29.7 per cent to Rs 836.15 crore for the quarter ended September. This is against a net profit of Rs 644.73 crore in the July-September 2016 quarter, Tech Mahindra said in a statement. The company’s revenue from operations was up

Telia sells remaining Megafon stake to Gazprombank for $1 bn

Nordic telecom operator Telia Company is selling its remaining 19 percent stake in Russia’s Megafon to Gazprombank for around 8.6 billion Swedish crowns ($1.03 billion), it said on Tuesday. Telia said it was selling at a price of 514 roubles ($8.86) per share, implying a discount of almost 10 percent to Monday’s closing price. “The

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