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India: Business & Economy

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MUMBAI - Tata Consultancy Services Ltd (TCS), India's No.1 software services exporter, posted a 23 percent rise in quarterly profit, joining rival Infosys Ltd in topping market forecasts and adding to expectations for a revival in corporate technology spending. Net profit rose to 35.52 billion rupees ($652 million) for the quarter ended December from 28.87 billion rupees a year earlier.

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