That means Infy will have to settle for lower margins in the private sector if it is to gain any market sector on Tata and Wipro in the months ahead.

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That would settle the argument about the relative merits of private and public provision in the state sector.

ECONOMIST: Education

The combination of an SEC and private lawsuits generally leads defendants to settle cases rather than defend them in court.

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But it also notes in a recent regulatory filing that it may have to take further provisions to settle private suits.

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