Capgemini to buy IGATE Corp in $4-billion cash deal

Last Updated: Monday, April 27, 2015, 11:49

French IT services company Capgemini will buy IGATE Corp -- a US-based company with a large presence in India -- for USD 4 billion in cash to create an entity with a combined revenue of USD 14 billion to take on rivals like IBM.

Wall Street mixed as earnings offset merger news

Last Updated: Wednesday, April 22, 2015, 01:26

US stocks ticked lower on Tuesday, with the Dow industrials weighed by companies reporting earnings while the Nasdaq gained on the back of a proposed merger in the biotech sector.

IBM sales fall for 12th quarter, currency weighs

Last Updated: Tuesday, April 21, 2015, 03:31

International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.

IBM to invest $3 bn on 'Internet of Things'

Last Updated: Tuesday, March 31, 2015, 17:29

Technology giant IBM today said it will invest USD 3 billion (about Rs 18,770 crore) over the next four years to establish a new Internet of Things (IoT) unit to help its enterprise customers make better business decisions.

IBM says to invest $3 bn in 'Internet of Things' unit

Last Updated: Tuesday, March 31, 2015, 14:50

IBM said a unit of the Weather Co will move its weather data services onto IBM`s cloud, so that customers can use the data in tandem with IBM`s analytics tools.

IBM targets $40 billion in cloud, other growth areas by 2018

Last Updated: Thursday, February 26, 2015, 21:52

International Business Machines Corp, which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.

Lufthansa CEO says no plans to sell IT arm

Last Updated: Wednesday, February 11, 2015, 20:03

German carrier Lufthansa has said it has no plans to sell its IT arm Lufthansa Systems, though it has outsourced some part of the job to the tech giant IBM last year.

IBM sues Priceline over patents

Last Updated: Wednesday, February 11, 2015, 07:14

IBM is suing Priceline over a set of patents that the century-old technology firm says have been vital to the relative newcomer`s success.

Softbank to add learning technology to empathetic robot

Last Updated: Tuesday, February 10, 2015, 22:27

Japanese mobile carrier Softbank said on Tuesday it will incorporate artificial intelligence technology from IBM into its empathetic robot Pepper that goes on sale in Japan this month.

IBM brings back bonuses for top execs even as profits slide

Last Updated: Saturday, January 31, 2015, 08:59

International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday.

CBDT asks officials not to pursue Vodafone-type tax cases

Last Updated: Thursday, January 29, 2015, 19:53

The Tax Department on Thursday asked its field officers not to pursue transfer pricing cases similar to Vodafone's, a move being seen as a major relief to multinationals fighting such cases involving tax demands of thousands of crores of rupee.