Bengaluru: Infosys and Cognizant are considering massive share buybacks as a way to restore investor confidence and engage in a more tax-efficient way to return money to shareholders. Infosys is planning up to a Rs 12,000 crore ($1.8 billion) share buyback, a move that is pending final nod from its key shareholders, including the founders. Sources said the company is currently discussing the buyback process–whether it should be an open tender or a market buyback–as also the premium to be paid.
NEW DELHI: Taiwan-based MediaTek Wednesday launched MediaTek Helio P25 chipset for dual-camera smartphones.
Samsung India, on Tuesday launched the Galaxy C9 Pro smartphone that comes loaded with 6GB RAM, 16MP front and back camera and 6 inch Full HD sAMOLED display. The Galaxy C9 Pro sports all metal unibody and is dubbed as a feature powerhouse. Samsung Galaxy C9 Pro will be available in Black and Gold colour variants. The device will be available across all retail channels in the latter half of February 2017 at a price of INR 36,900.
LAS VEGAS: Well, all of us did talk about the fact that Huawei would introduce a new smartphone at Consumer Electronic Show (CES) 2017 with dual rear cameras. It is called the Honor 6X and yes it comes with not one, but two rear cameras.
NEW DELHI: India’s largest telecom operator Bharti Airtel on Wednesday launched its 4G services in Guwahati across four major cities of Assam, including Dibrugar, Jorhat and Tinsukia.
NEW DELHI: Technology giant IBM today said it has appointed Karan Bajwa Managing Director of its India operations.
PUNE: Tech Mahindra has officially launched its Makers Lab program in Pune, an internal lab to boost innovation within the company. Makers Lab is currently active in four locations across India – at Pune, Chennai, Hyderabad and Bengaluru, with Pune housing the largest facility with 40 people. The lab was set up in 2014, and has since come up with a few innovative solutions that are being used either internally at Tech Mahindra or by clients.
Mumbai: Vodafone’s plans for mPesa have got a big boost with the RBI’s decision to allow merchants use digital wallets to accept payments up to Rs 50,000 a month without complying with “know your customer” norms. Ahead of the mPesa payments bank launch in March 2017, Vodafone has launching a new service where retailers can accept wallet payments.
Bengaluru: Wipro is learnt to have acquired US-based cloud consultancy firm Appirio. The size of the acquisition could be in the range of $400-500 million (Rs 2,700-3,350 crore), making it one of Wipro’s biggest acquisitions, sources told TOI.
NEW DELHI: Telecom operator Tata Teleservices on Thursday launched Mobile Device Management (MDM) in the Indian market. The solution enables access to official data and emails over mobile devices, easy data recovery in case of theft and loss of device, thereby aiding the BYOD (Bring Your Own Device) scenario.