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Tech Mahindra Q4 profit dives 33 per cent on weak margins

Tech Mahindra Ltd, India's fifth-largest software service provider, posted a lower-than-expected fourth-quarter consolidated profit on Friday, weighed down by weak margins and higher cost of services.

 
 
Founder Chairman of Infosys N R Narayana Murthy today expressed sadness over the IT companies laying off their employees as part of their cost cutting strategy.
Country's top refiner said profit came in at Rs 3,721 crore ($576.45 million) in the quarter ended March 31, compared with Rs 2006 crore a year earlier.
Flipkart, which is frequently referred to as 'The Amazon of India' has become a hallmark of growth in Asia, the report said.
Premji Invest is a minority shareholder in Snapdeal, and had invested in the e-commerce company in May 2014.
One97 Communications Pvt Ltd, the holding company of Paytm will invest Rs 400 crore initially into the bank.
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