IT articles

IBM returns to growth after six years, but dour forecast hits shares

International Business Machines Corp’s revenue rose for the first time in 23 quarters, beating analysts’ estimates, but the company warned that a higher tax rate this year would eat into its profit. IBM’s shares, which have rallied 10 percent so far this year on hopes of a strong turnaround in the company’s fortunes, fell more

Artificial Intelligence, Cloud becoming key technologies: Akash Ambani

Cloud is becoming one of the key technologies to facilitate communications infrastructure, and Artificial Intelligence or AI is turning out to be one of the ace technologies, Reliance Jio Infocomm chief strategist Akash Ambani Friday said. Akash Ambani, one of the two sons of Indian billionaire Mukesh Ambani, was speaking at the India Digital Open

Satyam scam: SAT refuses to lift Sebi’s two-year ban on Price Waterhouse

The Securities Appellate Tribunal (SAT) on Friday said that Price Waterhouse could continue to service existing clients whose financial year started on January 1, 2018, but it refused to grant a stay on a two-year audit ban ordered by the market regulator. The markets regulator, Securities and Exchange Board of India (Sebi), had last week

Prices of consumer electronics may go up 30% under tougher e-waste rules

Prices of consumer electronics may rise by 30 per cent across the nations if the government does not roll back the tougher norms on e-waste recycling that it has proposed, consumer electronic companies have warned. The government is currently proposing to amend the existing E-waste (Management) Rules, 2016 and has invited industry suggestions on a

Indian IT services stocks set for turnaround in 2018: Morgan Stanley

Indian IT services stocks are set for a turnaround in 2018 as recovery in spending is “imminent”, says a Morgan Stanley report. The IT sector underperformed the Sensex in 2017 as revenue growth was tepid, while investment in the business and a strong rupee kept margins in check. According to the global financial services major,

TCS bags M&S deal to help drive it become a digital-first business

The largest software exporter TCS has expanded its relationship with British retailer Marks & Spencer (M&S) to enable it become a digital-first business. As part of the deal, whose total value is not disclosed, the company will become a principal technology partner for the retailer, TCS said in a statement today. The retailer has a

UIDAI allows face recognition for Aadhaar authentication

Jan 15 () The UIDAI today allowed face recognition as additional means of Aadhaar authentication to be used in combination with existing ways such as fingerprint or iris scan. The move will enable easy authentication for those individuals who face a difficulty in other biometric authentication like fingerprint and iris. The facility is being allowed