Net profit of India's largest IT firm TCS up 23%

India's biggest IT outsourcer, Tata Consultancy Services, said on Monday that net profit beat forecasts to rise 23 percent in the third quarter despite economic woes in its main markets.

Hollywood studios questioning their friendship with Facebook

Hollywood's friendship with Facebook is showing signs of strain. The entertainment industry was among the first to embrace the Silicon Valley phenomenon. Studio executives thought the giant social network held great promise ...

Sizzling mobile-application industry ready to hire

Ross Waycaster designed the first of his four mobile applications as a high school senior in Tupelo, Miss., a game called "Super Marrio Jump" that's been downloaded from the Apple store more than 20,000 times, earning him ...

India's TCS says profit jumps 44%, beats estimates

India's biggest software exporter TCS said Friday its quarterly net profit jumped 44 percent, beating estimates, as outsourcing orders rose despite economic troubles in the firm's major markets.

India's Infosys pays $350 mn for Swiss consultancy

Indian IT outsourcing giant Infosys said Monday it had agreed to buy Zurich-based consulting firm Lodestone for $350 million as part of its strategy to move into higher value services.

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