Visa’s bid to acquire fintech startup Plain Inc facing antitrust review

Visa Inc’s $5.3 billion acquisition of fintech startup Plaid Inc is facing antitrust scrutiny following the U.S. Justice Department filing a court petition on Tuesday demanding more information on the transaction. The DoJ is reviewing the proposed deal to check whether it violates provisions of antitrust law. It has filed a petition with a U.S. district…

Accenture Plc’s reports net income of $1.36 billion on the strength of its cloud and digital services

Accenture Plc’s first quarter earnings have beaten Wall Street analysts’ estimates, on the back of fast-growing digital and cloud services businesses. The IT consulting firm has shifted its focus to the cloud and offers a wide range of services ranging from managing clients’ social media marketing strategies to helping them move to the cloud. Accenture…