Tata Consultancy Services, an India-based IT company, was penalised $940 million in a case suit filed by Epic Systems, a healthcare software firm. Besides, a disciplinary fine of $700 million, the jury also ordered TCS to pay a $240 million to Epic.
U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday.
Netflix took the crown and got the number one spot on Morgan Stanley's sixth annual survey for the video streaming industry. Netflix's original content draws more subscribers and retain existing ones.
U.S. energy giant Peabody filed for Chapter 11 bankruptcy last Wednesday. The company had to declare its inability to pay its $10.1 billion debt following low energy sector and drastic plunge of coal price.
