IBM beats expectations; CCI fines MMT, Oyo; Persistent hits $1 bln revenue run rate, KPIT raises forecast

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IBM yesterday beat analysts' estimates for its fiscal third quarter across software, consulting and infrastructure segments, and raised its growth projection for the full year, CNBC reports. The Competition Commission of India has pulled up MakeMyTrip, Goibibo and Oyo for anti-competitive behaviour, fining them $47 million in total; and mid-sized Indian IT services companies are reporting strong growth