Page 5 - Digital Services

Improving deal pipeline and growth factored into L&T Technology stock

Q3 performance was better than estimates led by growth across verticals

Digital Service Taxes discriminates against US firms: Trade Department

The US Trade Representative on Thursday said that the Digital Service Taxes (DSTs) discriminates against American companies.

Record deal wins offer revenue visibility for Infosys in next 3 quarters

While double-digit growth in FY22 is a given, near term margins could come under pressure

United States says India's digital services tax is discriminatory

US said the tax has an adverse impact on American commerce and is actionable under the trade act

Google tax mop-up rises 64%, Bengaluru and Hyderabad top the list

This complements improvement in direct tax collection, with contraction narrowing to 9.6 per cent as on January 7

USTR backs action against India's equalisation levy, finds it burdensome

Highlighting the discrimination part, the report said that of the companies that are subjected to India's equalisation levy, 72 per cent are American companies

Tech firms' services could face ban if they breach EU rules: Industry chief

The new draft rules come as critics of U.S. tech giants, which include companies and industry bodies, question the EU's rulings against Alphabet unit Google

Infosys completes acquisition of digital service provider Blue Acorn iCi

IT services firm Infosys on Wednesday said it has completed the acquisition of Blue Acorn iCi. Infosys had, earlier this month, announced inking a pact to acquire Blue Acorn iCi - a digital customer experience, commerce and analytics services provider - for up to USD 125 million (about Rs 915 crore). "This acquisition further strengthens Infosys' end-to-end customer experience offerings and demonstrates its continued commitment to help clients navigate their digital transformation journey. Blue Acorn iCi brings to Infosys, significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and experience driven commerce services," Infosys said in a statement on Wednesday. This acquisition further deepens Infosys' capabilities in the Adobe, Magento, Salesforce Commerce and Shopify ecosystems, it added. The acquisition was undertaken by Infosys Nova Holdings, LLC, a wholly-owned subsidiary of Infosys.

Jump Networks Limited envisages to tap the $100-bn opportunities in India

India has the highest number of disconnected people despite having the second largest online market in the world

Yatra.com aims to become digital services platform: CEO Dhruv Shringi

The company is taking certain steps especially on the corporate side of business

Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report

India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

France to apply digital tax whether US returns to negotiations or not

Nearly 140 countries have been negotiating the first rewrite of international tax rules in a generation

Why controversy over digital services tax could create a new trade war

The OECD does recognise the need to reform international tax rules for taxation of digital businesses but so far hasn't arrived at a consensus on the scope and manner of taxation

US probe into India's digital tax not a move of aggression, says official

The Indian government has so far not commented officially on the USTR investigation

US says it will probe India, other countries for digital services taxes

Other countries against whom the investigations might be initiated include Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey and the United Kingdom

Hotstar offers free content, aims to thrive in Tier-II, Tier-III markets

Hotstar's free content includes movies like Chhichhore, Mission Mangal; TV shows from Star Plus and Star Bharat; and News

Tamil Nadu's leap into AI, blockchain to help the state with better service

Part of the state's digital initiative involves steering the government towards evolving policies that are based more on data and analytics than on unproven assumptions and guesswork

Small units to be bigger as TCS revisits 2011 strategy to boost revenue

Also plans to identify the next billion-dollar bets in the digital services space

Digital States of India ranking: Chhattisgarh tops, Haryana at third spot

The report in 2019 is the second in series, the first one released in October 2017

Auto brands drive around digital speed breakers to plug friction gaps

With friction leading to 26% dropouts for 4-wheelers and 34% for 2-wheelers, companies such as Maruti, Hyundai look at ways to plug the gaps