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Wipro Q4 Results Out, Future of Crypto et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 25, 2018 2:08 PM 1 min read
Editorial

End of Day Wrap-up (Wednesday / April 25, 2018) #Wipro #Airtel #Indus #Bharti #Infosys #IT #cryptocurrency #Bitcoin #Blockchain #Ripple #Ethereum #twitter #Moodys #Comcast #Sky #Transfin

Editor's comment: Wipro reports 20% drop in Q4 profits vs. prior year driven by additional provision charges for 2 of its clients, including telecom company undergoing bankruptcy. 

 

Airtel approves merger of Bharti Infratel with Indus Towers, creating one of world's largest mobile tower operator with 163,000 towers. Transaction subject to regulatory approval and expected to close by March 2019.

 

Infosys, Wipro, other Indian IT services cos see a drop of 43% in H1-B approvals between 2015 and 2017.

 

Cryptocurrencies to continue facing regulatory hurdles in the near term, as per a report from Moody's. Notes cryptocurrencies provide sizeable savings over peer-to-peer alternates.

 

Twitter reports its second profitable quarter with revenues and monthly active users beating Analysts' estimates. International sales comprise 48% of total growing 52% yoy vs. 2% in the US.  

 

Comcast officially bids $31bn to acquire Sky, competing with 21th Century Fox's bid. Separately Comcast vying for Fox assets eyed by Walt Disney.