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TCS's Soaring Q2 Profits📊, Government's Gaming Win🎯
Urban Company's Water Venture, Tech Firms' Indian Gaze, Pro Kabaddi League's Bold Ascent, Funding Deals and more.
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🎮 Govt Rakes in ₹600 Cr from Online Gaming💲
In the fiscal year, the Indian government has cashed in a cool Rs 600 crore from online gaming companies through tax deducted at source (TDS). Additionally, cryptocurrency exchanges contributed Rs 105 crore to the treasury.💸🎲
📈 TCS Q2 Profits Soar! 💼
In a stellar performance, Tata Consultancy Services (TCS) has set the stage for the Q2 earnings season by reporting a remarkable 9% year-on-year growth in consolidated net profit, soaring to Rs 11,342 crore in the quarter ending September. The company's consolidated revenue also experienced a substantial 8% YoY increase, reaching Rs 59,692 crore.💰
💧 Urban Company Dives Into Clean Water Business 💦
Home services giant Urban Company made a splash by introducing its own line of water purifiers, aptly named 'Native'. Expanding its horizons, Urban Company has ventured into providing not just services, but essential products too, ensuring clean water flows into every home.🏠
🌍 Tech Firms Eye India Amidst Global Uncertainty 🌐
In the wake of escalating tensions between Israel and Hamas, tech giants like TCS and Wipro are considering shifting their operations to India as part of their contingency plans. This strategic move aims to ensure business continuity and stability amidst global uncertainties.💼
🔥 Pro Kabaddi League: Bigger, Better, Bolder 🏆
Get ready for an adrenaline-fueled ride as the Pro Kabaddi League (PKL) gears up for its 10th season! Anticipation soars as higher advertiser interest and innovative revenue streams promise an electrifying spectacle. With a whopping 17.2% growth in viewership, reaching 222 million fans, PKL is set to conquer hearts and screens nationwide.🤩
Crossborder neobank Zolve has raised $100 million in a warehouse debt facility from US-based impact investor Community Investment Management (CIM).
Mumbai-based lifestyle retailer Bagzone Lifestyles Pvt. Ltd. has raised a $9 million investment from First Bridge India Growth Fund.
Tata Capital Healthcare Fund II—Tata Group's private equity fund focused on growth-stage healthcare companies—has pumped in $10 million in India’s second-largest dialysis chain, Apex Kidney Care (AKC), for an undisclosed stake.
Co-working space brand iSprout has raised Rs 40 crore through the issuance of its first secured bond. It was subscribed by Vivriti Asset Management (VAM).
Tweet of the day🐥
“When we are no longer able to change a situation, we are challenged to change ourselves.”
— Viktor Frankl
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