The rapid development of artificial intelligence (AI) globally presents significant opportunities for Indian companies and will not adversely impact their businesses, Nasscom AI head Ankit Bose said on Tuesday.
HCLTech expects its recent large acquisitions to contribute about 1.5 per cent to revenue in 2026-27 (FY27), Chief Executive Officer and Managing Director C Vijayakumar said, as the company looks to build newer revenue streams in a subdued macroeconomic environment.
'Taxpayers' money cannot be given to these companies which can access the market and buy GPUs at a competitive price from any vendor.'
Armed with Rs 140 crore (Rs 1.40 billion) cash reserves, Internet company Sify Ltd on Friday said it is looking at acquisitions to grow its business.
Sify said on Tuesday it has acquired Us-based Globe Travels -- an e-ticketing company -- for an undisclosed sum. This acquisition marks Sify's entry into the fast growing online travel business, particularly e-ticketing, a company statement said.
The proposal for American Depository Receipts by Nasdaq-listed Internet and eCommerce major Sify is aimed at creating "liquidity" for its Indian shareholders, according to a top company official.
Nasdaq-listed Sify Ltd said on Thursday that Infinity Capital, a company controlled by Silicon Valley entrepreneur Raju Vegesna
Satyam Infoway Limited, an Internet, network and e-commerce services company, announced on Tuesday that it has completed the change of its name to Sify Limited.
Internet services provider Sify Ltd plans to seek shareholder approval to convert 3.6 to 4.6 million shares into American Depository Shares, it said in a filing with the US Securities and Exchange Commission.
Meanwhile, Sify reported revenues of $28.74 million for the quarter ended June 30, 2006, 29.1% higher than the quarter ended 30th June 2005. The sequential growth in revenues over the previous quarter was 2.5%.
Sify Limited, India's premier Internet, network and e-commerce services company, announced on Wednesday its consolidated US GAAP results for the quarter ended June 30th 2005.\n\n
Sify Ltd, the largest aggregator of bandwidth in India, is finding the going good for its BPO-specific Internet bandwidth solution in India.
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
Gulf Bridge International, the Middle East's privately-owned submarine cable operator, has signed an agreement with India's internet services firm Sify Technologies for its sub-sea cable system in India.
Internet, network and e-commerce major Sify Ltd has posted a consolidated net loss of $8.55 million on US GAAP basis for the fiscal ended March 31, 2004.
Amid speculations the US-listed Indian portal Rediff.com was on takeover radar of giants like Yahoo and Google, a leading business publication said shares of India's internet firms were too expensive.
Aptech managing director and CEO Anil Pant died on Tuesday, the company informed in a regulatory filing. "The company regrets to inform about the sad demise of Dr. Anil Pant, Managing Director and CEO of the company on Tuesday, August 15, 2023. Dr. Pant's contribution and energy will be missed by the company. "All the directors and employees of the company convey their deepest condolences to his family," Aptech Limited said in the filing.
Focus on Berkshire's size has grown over the years as it has amassed more than 80 businesses
Tamil Nadu secured investments worth Rs 1.44 trillion on Monday by signing of memoranda of understanding (MoU) with 60 companies, laying of foundation stones and inauguration of new projects.
No controversies, please. That's Saurav Ganguly's new mantra. "If it's to do with Navjot Sidhu, please keep away," was the prefix ahead of the interview.
Indian shares listed on the American bourses settled mostly in the red, while Infosys defied the trend, after the New York Stock Exchange halted trading in Satyam Computer at its bourses.
Pakistan fast bowler Shoaib Akhtar has not yet sought the Pakistan Cricket Board's (PCB) clearance for travelling to Mumbai for a commercial shoot.
"Yes, I expected them to take nine New Zealand wickets by tea on the fifth day's play, but it just did not happen," says Kris Srikkanth.
No matter how the Zimbabwean cricket team fares this summer, diminutive vice-captain Tatenda Taibu will steal some hearts.
In the early 1950s Indira Gandhi had challenged the Pakistani cricket team saying that they can't win against India.
Mark Waugh probably chose the wrong sport, the game with the rigid back and stiff upper lip.
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