Listen: TCS Q1 profit blues; Flipkart buys stake in Arvind Fashions arm; New hires in for a tough ride at Mu Sigma

In the latest episode of TechThisWeek podcast from the TechCircle newsroom, our reporters discuss the TCS FY21 first quarter results, and the precedent it sets for the IT sector that is reeling from the Covid-19 impact. 

Gartner senior research director DD Mishra joins us on the podcast this week for an overview of what the rest of the year could look like for the sector.

Also in this week’s podcast:

• Ecommerce major Flipkart invested $35 million to acquire a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions.
• Big data analytics company Mu Sigma revised the pay structure of its summer placement offers. The incoming batch of employees will have to pay a heavy financial penalty for breach of contract.
• Yotta Infrastructure Solutions launched a tier-IV data centre facility called Yotta NM1 in the Panvel area, near Mumbai.