Yahoo to buy back $3 biilion shares

Yahoo Inc said on Tuesday it would buy back $3 billion of its common shares to provide liquidity to stockholders looking to sell shares ahead of the company’s pending deal with Verizon

Toshiba may report profit after six quarters

Toshiba said it plans to report on Friday first-quarter financial results that are “close to” what were reported by the Nikkei business daily, which put its operating profit at about 20 billion

Nasscom may cut growth target for IT industry again

IT industry body Nasscom may forecast lower growth for the software services sector in the next financial year as the industry grapples with increasing macroeconomic uncertainty and currency volatility. Growth issues in

Microsoft criticises India’s cloud policy

Microsoft has criticized the Centre’s proposal to empanel a set of cloud service providers for rendering government services, with Bhaskar Pramanik, chairman of the Indian unit of the American technology company telling