International Business Machines Corp. (IBM) is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on...
TCS beats estimates on faster demand recovery, announces Rs 16K-cr buyback
Tata Consultancy Services (TCS), the country’s largest IT services company, on Wednesday beat street expectations in its second-quarter (Q2) financials, led by a rebound in growth in key verticals and geographies. The...
Wipro to consider share buyback proposal, decision on 13 Oct board meeting
IT services firm Wipro is considering to go for a share buyback programme, following a similar move by industry leader Tata Consultancy Services (TCS). The Bengaluru-headquartered firm, in a filing with the stock...
Infosys completes acquisition of Czech-based GuideVision in Europe
Infosys said on Monday it has completed the acquisition of Czech Republic-based GuideVision, an enterprise service management consultancy specialised in offering strategic advisory, consulting, implementations, training...
NEC to buy Swiss software firm Avaloq for $2.2 billion
Japan’s NEC Corp said on Monday it will buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into finance software. NEC will...
HCL Technologies to acquire Australia-based firm DWS for $116 million
HCL Technologies has announced its intent to acquire Melbourne-headquartered DWS Ltd. in a step towards enhancing its digital initiatives in the Australia and New Zealand region. The Noida-based firm will acquire DWS, a...
HCL Tech shares hit a fresh record high as Co to acquire IT firm DWS Ltd
Shares of HCL Technologies hit a fresh record high of Rs 835, up 3 per cent on the BSE in the early morning deals on Monday after the company announced its intent to acquire IT company DWS Limited, a leading Australian...
Wipro keen to partner startups to drive innovation: Rishad Premji
Information technology (IT) firm Wipro Ltd is keen to partner startups in India to drive innovation and digital transformation for its clients, chairman Rishad Premji said on Friday. “What startups can do for India...
U.S. lawmakers raise questions about proposed Bytedance-Oracle deal
U.S. lawmakers of both major parties voiced skepticism about a proposed deal between Oracle and China’s Bytedance that appears to stop short of a full sale of Bytedance’s popular social media app TikTok to a U.S. firm...
Tech leads crisis-driven M&A boom with $350 billion deal rush
Global M&A volumes are approaching $2 trillion for 2020, with technology making up almost a fifth of the total after mammoth deals such as SoftBank’s $40 billion sale of chipmaker Arm. Dealmaking has stepped up a...
Hexaware promoter raises $600 mn; to partially use for delisting shares
Hexaware Technologies’ promoter HT Global IT Solutions Holdings has availed USD 600 million by pledging more than 18 crore shares of the company, which is set for voluntary delisting from the stock exchanges. HT...
Infosys to acquire US-based firm Kaleidoscope Innovation for $42 million
IT services firm Infosys is set to acquire Kaleidoscope Innovation, a product design and development firm that operates in medical, consumer and industrial markets. Infosys will pay $42 million for acquiring 100 per...
