Hackers target important Saudi websites

The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...

Financial Times allegedly hacked by Syrians

Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...

Infosys to appeal against Rs 577 crore tax demand

BANGALORE: Infosys, country's No. 2 software services exporter, said it would challenge a Rs 577 crore ($105.3 million) income tax demand raised by income tax department earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' location and revenue from special economic zones in ...

Infosys to challenge latest tax demand of $105.3 million

View Photo Reuters/Reuters - An Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore, February 28, 2012. Picture taken on February 28, 2012. ...

Oil Holds Above $96 on US Economic Data

U.S. crude futures were steady in early Asian trading on Monday, holding above $96 a barrel after rallying last week on positive economic data in top oil consumer the United States. U.S. consumer sentiment in early May rose more than economists had expected, with more Americans giving favorable views about their financial and economic prospects, particularly among upper-income ...