The Business Times

IT services

Telcos, Media & Tech

Tata Consultancy Services to cut workforce by 2%, affecting more than 12,000 jobs

nfosys, India’s No 2 IT services company, registered a 2.3 per cent increase in revenue in its banking, financial services and insurance (BFSI) unit in constant currency terms in the second quarter.
Telcos, Media & Tech

India’s Infosys, Wipro top Q2 revenue estimates as spending revives

Accenture reported fourth-quarter revenue of US$16.41 billion, compared with analysts expectations of US$16.38 billion.
Telcos, Media & Tech

Accenture unveils US$4 billion share buyback as AI powers strong quarterly revenue

Quarterly reports from Infosys and other IT firms showed a nascent recovery in BFSI client demand after six quarters of depressed spending since the Silicon Valley Bank collapse.
Banking & Finance

Global banks’ tech revival sparks hope for US$254 billion Indian IT sector

CrowdStrike’s faulty update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting Internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare.
Global Enterprise

Fortune 500 firms to see US$5.4 billion in CrowdStrike losses, says insurer Parametrix

Minister for Digital Development and Information Josephine Teo says: "We need to do as much as we can even before incidents happen so that we can recover and prevail over the disruptions.”
International

Putting in place safeguards, crisis plans for tech outages starts in peacetime: Josephine Teo

Passenger crowds had swelled at airports on Friday as dozens of flights were cancelled after an update to a programme operating on Microsoft Windows crashed systems worldwide.
International

Flights resume after global IT crash wreaks havoc

Travellers hoping to file insurance claims related to the outage should keep all their receipts or bills to show proof of purchase.
International

What travellers need to know about the global tech outage

CMG20240720-ChiaTY01/谢智扬/杨烨/跟进：机场受到网络下线问题.[Changi Airport T4] AirAsia self check-in counters still down with screens blacked out. Large crowds around the manual counters.
Singapore

Check-ins for most airlines hit by global IT outage at Changi Airport back to normal

The New York Stock Exchange and Nasdaq said markets were operational and working normally.
Companies & Markets

Traders eye return to business as usual after cyber outage; issues remain

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