Category Archives: News

MPs want tax deduction they deny to everyone else

Now that MPs expense claims are subject to some scrutiny, they find themselves in the position of ordinary mortals, contractors, small businesspeople, and the self employed, dealing with significant expenses, and having to make tax returns to HMRC. Because the tax laws (passed by MPs) are very complex, many MPs are paying accountants to help […]

Microsoft Corporation buys business networking site Yammer

It has been confirmed that Microsoft has bought office social networking site, Yammer, for $1.2bn (£770.6m). The four year old site has around five million users and operates like Facebook for communication purposes within companies. Reports had emerged that the two companies were negotiating a deal, with Microsoft confirming their plans on 26th June 2012. […]

Samsung Overtake Nokia in Phone Shipments

Samsung Electronics have overtaken Nokia in becoming the world’s largest mobile phone maker, according to research firm Strategy Analytics. Nokia overtook Motorola in 1998, however, in the first quarter of 2012, Samsung have shipped 93 million phones, surpassing Nokia’s 83 million. Samsung have also reported its highest quarterly profits since 2008. Their net profit this […]

Mahindra Satyam and Tech Mahindra endorse new merger plans

Mahindra Satyam, previously named Satyam Computers, was created following a major stake bought by Tech Mahindra in 2009. This venture occurred due to Mahindra Satyam being involved in one of India’s biggest accounting frauds. Since then, Satyam Computers, renamed Mahindra Satyam, has been trying to rebuild its company and the merger is seen as a […]