Facebook owner Meta reports blockbuster Q4 numbers, earns massive $20.8 billion in profits; here’s what Mark Zuckerberg said

The parent company of Facebook and Instagram, Meta Platforms Inc posted blockbuster fourth-quarter results but cautioned that its capital expenditures will increase in 2025, as per reports. The capital expenditure is expected to rise due to its investment in generative AI technology. Financial results Meta’s net income rose 21% in the fourth quarter to $20.8 … Read more

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case

The Goods and Services Tax (GST) investigative arm, Directorate General of Goods and Services Tax Intelligence (DGGI), has given partial relief to IT services major Infosys by closing the tax proceedings for financial year 2017-18 (FY18), the company informed exchanges on Saturday evening. The GST amount during this period was Rs 3,898 crore. The move … Read more

Why Infosys was given VIP access? UK Opposition attacks PM Rishi Sunak, says ‘…serious questions to answer’

The UK’s Opposition Labour Party has claimed Infosys was effectively granted “VIP access” after a media report alleged the software services major was promised help to grow in Britain due to Prime Minister Rishi Sunak’s familial connection with co-founder Narayana Murthy. A ‘Sunday Mirror’ report based on a freedom of information (FOI) request said Trade … Read more