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The majority of the gains for Tata Sons resulted from participation in the TCS share buyback and dividends received from the software services firm.

The grant was approved as part of the Digital Communication Innovation Square Initiative, under the Champion Services Sector Scheme.

Ramachandran will also be a member of the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee.

The technology giants including Apple in a letter to the Centre, urged immediate intervention to check ED of a ‘lack of understanding’ of royalty payments.

Global digital payments are set to swell over $1.2 trillion by 2027 from the present $332 billion in 2022.

HR Jagannath will be new VP engineering, Mark Turner VP of inflight product and services and Vishesh Khanna VP sales, distribution and customer engagement.

According to FMI, the global out of band authentication market will reach $4.3 billion by 2032, expanding at a CAGR of 13.2 per cent between 2022 and 2032.

The government e-marketplace — GeM portal — has surpassed 10 million orders since its launch on August 9, 2016.

Compared to the corresponding quarter last year, Apple’s smartphone business driven by iPhone 13 grew by 5.5%. Revenue from the iPhone stood at $50.5 billion.

HCL Tech expects revenue to grow between 12-14 percent in constant currency for fiscal 2023.