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TechThisWeek: Q2 IT earnings; Paytm’s new launchpads; deals and dealmaking
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India’s largest IT exporter Tata Consultancy Services reported a 3% increase in quarterly revenues to Rs 40,135 crore, beating Dalal Street expectations, even as net profits declined 7% from a year ago.
Guest speaker Sanjeev Hota, vice president and head of research at BNP Paribas’ Sharekhan, joined our reporters to discuss the results and the upcoming earnings of TCS peers.
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Bengaluru-based Unocoin Technologies, which runs an eponymous cryptocurrency exchange, raised an undisclosed sum as part of a targeted $5 million Series A funding round.
The company’s co-founder and CEO Sathvik Vishwanath joined TechThisWeek to discuss the regulatory framework and interest from retail investors in the cryptocurrency space.
Also in the podcast:
- Infosys on Thursday said that it will acquire Blue Acorn iCi, a provider of digital customer experience, commerce and analytics solutions, for up to $125 million.
- Even as Paytm First Games is back on the Google Play Store after being banned for weeks, its parent has continued its rhetoric against the search engine giant.
- Dealmaking this week saw a 40% uptick compared to the previous week. Technology startups raised a total of $96 million across 11 deals.
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