Robust deal wins by IT cos raise hopes for a recovery in the coming quarters
After a subdued second quarter show by TCS on Wednesday, Infosys and HCLTech reported numbers on Thursday. Infosys beat the average analyst estimates in terms of revenue and net profit. While HCLTech disappointed on the revenue front, its net profit was above expectations. Each of the two companies also declared their respective highest total contract […]
Paytm Bank fined Rs 5.39 crore for compliance lapses
The Reserve Bank of India (RBI) has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank for failing to comply with regulatory guidelines. The bank was found to have violated licensing guidelines, delayed reporting of cybersecurity incidents, and failed to secure mobile banking applications.