New Delhi, March 26 (IANS) Nokia on Thursday announced key leadership changes in India, appointing Samar Mittal as India Country Business Leader and Vibha Mehra as India Country Manager, effective April 1. The move is part of the company’s renewed strategy to strengthen its presence and sharpen its business focus in the country.In his new role, Samar Mittal will lead Nokia’s business strategy in India, focusing on expanding the company’s partnerships with telecom operators, as well as play…
Latest Cloud services News & Updates
New Delhi, Feb 12 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Union Budget 2026-27 has come at a rare moment for India’s economy, where strong growth and low inflation are being achieved together.Speaking in the Rajya Sabha, FM Sitharaman described this phase as a ‘Goldilocks moment’ and said it was the result of sustained effort, careful planning and timely policy action, not chance.“According to the first advance estimates released by the National Statistical Office…
New Delhi, Feb 4 (IANS) As the Union Budget announced tax holiday for data and cloud centre companies, Finance Ministry sources on Wednesday clarified four essential conditions for foreign firms to meet to become applicable for the exemption.The exemption is available from tax year 2026-27 onwards till tax year 2046-47, to “a foreign company which provides cloud services globally including in India,” sources said.Four essential conditions must be satisfied by the foreign company to qualify for t…
New Delhi, Feb 1 (IANS) Industry body Nasscom on Sunday hailed the Union Budget 2026 for its thrust on technology as a core driver of inclusive, sustainable growth.Finance Minister Nirmala Sitharaman, in her ninth consecutive Budget, presented a forward-looking and consultative Budget that reinforces the partnership between government and industry.“The Budget reflects a continued focus on ease of doing business and on strengthening India’s position as a global technology and services powerho…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a tax holiday till 2047 to any foreign company that provides cloud services to customers globally by using data centre services from India as part of the proposals in the Union Budget 2026-27 presented in the Parliament on Sunday.The move is aimed at developing critical infrastructure and boosting investment in data centres. Those availing of the incentive will have to provide services to Indian customers through an …
Washington, Jan 21 (IANS) A US agency on Tuesday announced support for a proposed submarine cable system linking India with Singapore and major Southeast Asian data hubs.The US Trade and Development Agency (USTDA) said it has signed an agreement with SubConnex Malaysia Sdn. Bhd. to fund a feasibility study for the SCNX3 submarine cable system. The project would connect India with Singapore and other parts of Southeast Asia and is expected to serve nearly 1.85 billion people.USTDA said the study …
New Delhi, Dec 26 (IANS) Coforge on Friday announced that it will acquire US-based engineering services firm Encora in a $2.35-billion all-stock deal, marking one of the largest transactions in India’s IT services space.The acquisition will be carried out through a share swap, under which Coforge will issue 93.8 million equity shares priced at Rs 1,815.91 each.This values the non-cash transaction at around Rs 17,032 crore. After the deal, Encora’s shareholders will own about 21.25 per cent o…