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June 26, 2023
Here is your daily dose of key developments from the technology world of India.
June 26, 2023
Bribery investigation leads to 15 sackings and ban on 8 firms
June 25, 2023
Last week, six of Indias top-10 firms saw a drop of INR 102,280.51 crore ($14bn) in combined market valuation, with Reliance Industries suffering the biggest decline. Concern over interest rate rises and the bearish trend in global equities were identified as the reasons for the drop, with Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India the affected companies. However, gains were noted by Tata Consultancy Services, HDFC Bank, HDFC and Bharti Airtel.
June 25, 2023
One report said that four senior officials were sacked from Tata Consultancy Services for accepting bribes from recruitment agencies in exchange for jobs.
June 24, 2023
India Business News: NEW DELHI: With just a week to go to implement 'tax collected at source' (TCS) on credit card transactions on specific foreign exchange transactions, .
June 24, 2023
Indian banks are claiming that they do not yet have the requisite software to implement new rules relating to tax collection at source for foreign debit and credit card transactions, due to start from July 1. Rules issued by the Central Board of Direct Taxes last month require foreign card spending above INR700,000 ($10,874) to be counted towards the Liberalised Remittance Scheme and taxed at 20%. fn
June 24, 2023
India Business News: BENGALURU: Tata Consultancy Services (TCS) has sacked four executives for receiving bribes from staffing firms to get them to employ their candidates .
June 24, 2023
Mint Money highlights dining apps and credit cards to help save when eating out. BSE Sensex at all-time high, but investors should be wary of corporate borrowing. Also, a hiring scandal at Tata Consultancy Services, luxury real estate hits boom time and IndiGos record order of 500 jets from Airbus.
June 24, 2023
TCS has suspended four employees for violating its code of conduct, following a whistleblower complaint received earlier this month, sources said on Friday.
June 24, 2023
Accentures revenue growth guidance downgrade for fiscal year ending August 31 has increased caution toward the IT sector, particularly Indian IT companies. Morgan Stanleys note to clients shared that Accentures results and commentary confirmed slowdown concerns.