Digital Technologies to add more than $1 trillion to global economic output by 2020

The increased use of digital technologies could add $1.36 trillion to total global economic output in 2020, according to a recent study by Accenture and Oxford Economics. This may be only a fraction of a percent of the total global gross world product (currently sized at about $87 trillion), but it’s a substantial contribution to growth. To put it in perspective, moving forward full-force with digital would add an economy the size of South Korea to the global market (current GDP at $1.3 trillion).


NTT Communications to Acquire 86.7% Stake in e-shelter

Will become EU’s 3rd largest data center operator by leveraging strong European presence of Germany’s top data center operator


Softbank Quarterly Profit Up Despite Sprint Woes

Softbank's quarterly profit nearly tripled as gains from the IPO of Chinese e-commerce company Alibaba offset losses at U.S. mobile carrier Sprint.


AT&T to Buy Iusacell for $1.8 Billion in Mexico Expansion Plan

AT&T is buying Mexican wireless company Iusacell for $1.8 billion (roughly Rs. 11,000 crores) and plans to grow in Mexico.


Infosys net profit falls by 1%

Infosys' revenue rose moderately in the June quarter, but at the cost of profit, which took a hit partially on account of salary increases. Net profit for the quarter declined by 1% to $482 million and by 3.5% in rupee terms to Rs 2,886 crore over the preceding quarter. Revenue rose to $2.1 billion, a 2% increase over the previous quarter and 7.1% increase from the year ago period.

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