Economic Times
IT giant Infosys received notices from GST authorities alleging tax evasion of Rs 32,403 crore. The demand covers services from overseas branches from
An ET Now poll had predicted the PAT figure at around Rs 235 crore. The company had posted a profit of just Rs 2 crore in the last year period.
The government accused Infosys of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended June 30. In
The policy focuses on several key areas such as awareness and education, skill building, promotion of industry and startups, partnerships and collabor
Clix Capital, a finance company, secured Rs 220 crore in equity funding from existing investors, including Apollo Global Management. The funds aim to
After imposing the sanctions on Riju Ravindran, US Bankruptcy Judge Brendan Shannon also rejected a request to put the US debt fight on hold so Ravind
The addition of AI capabilities to smartphones has driven a resurgence in end-market demand after the industry slumped to its lowest level in years, l
Meta has continued to grow as its spending has come under increasing scrutiny. After an initial wave of enthusiasm for AI when OpenAI's ChatGPT burst
CrowdStrike faces a lawsuit from shareholders over claims of deceptive software testing assurances following a global outage impacting millions of com
Amazon's capital spending rose dramatically in the second quarter, reaching $16.41 billion to boost its cloud and AI capabilities. This increase, howe
Meta rolled out its AI chatbot in India in June this year. India is the company's largest market with a combined subscriber base of over a billion acr
Unicommerce Esolutions Ltd announced a price band of Rs 102-108 for its IPO starting August 6, and listing on August 13. The IPO involves selling up t
Vaanam, as part of its outreach, will reach out to schools and colleges and create ‘Space Clubs’ to inculcate space thinking amongst students and
Chief financial officer Jatin Dalal said the sequential revenue growth of 2.1% in constant currency, driven by Financial Services and Health Sciences
Brainbees Solutions, which runs FirstCry, floated its IPO at a $2.9 billion valuation with a share price range of Rs 440-460. The IPO opened on August
Brainbees Solution, known for its FirstCry brand, declared a price band of Rs 440-465 for its Rs 4,194 crore IPO, open from August 6-8. The IPO includ
Meta Platforms outperformed market predictions for second-quarter revenue and offered a positive third-quarter outlook, highlighting strong digital ad
Happy Thursday! Tata Digital is developing a new ‘value fashion’ offering under its Cliq brand. Details on this and more in today’s ETtech Morni
AI and analytics unicorn Fractal Analytics is eyeing an initial public offering (IPO) worth $400-500 million, valuing the firm at close to $3 billion,
ideaForge, Rainmatter, Navam Capital, Faad Capital, and Anicut Capital also participated. The funds will be used to launch the satellite ‘Drishti Mi
