Are investors of the country's five largest IT services companies getting ahead of themselves? The largest homegrown IT services firms—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd—grew at a slower clip in the first nine months of the current calendar year compared with the year-ago period, defying analysts' and management's estimates that 2024 will be better than 2023 when the $254 billion industry reported its weakest growth.
Still, except Wipro, shares of the other four IT firms fared better this year than in 2023. In the first nine months of the current calendar year, TCS, Infosys, and HCL reported dollar revenue growth of 4.21%, 2.02%, and 6%, respectively. Wipro and Tech Mahindra saw their full-year revenue fall 4% and 2.5%, respectively.
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Big banks flee climate coalition formed to cut carbon emissions
U.S. megabanks want to leave behind some green pledges in 2024 finance Morgan Stanley, Citigroup, and Bank of America this week withdrew from an ambitious pandemic-era climate coalition designed to help drive a shift to reduce carbon emissions by businesses.
Training
Is war a debate, a dilemma or a drama? Or can it be a poem? A class contemplates its many meanings
No End
An idyllic summer comes to a close with the dawn of realisation
Ocean of Spines
Trying to conjure a sliver of the past, and remember to whom a story belonged
What we want to read in 2025
The Lounge team’s list of unread books has only grown longer, while we also revisit and re-read old favourites
Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents must identify themselves before their children can join certain online platforms.
Netbanking 2.0: NPCI pilot to ease mobile payments
You're about to pay for a purchase on a popular e-commerce website from your mobile, but your bank doesn't show up in the netbanking list.
New Angels Rush To Prop Early-Stage Funding Slack
Sports stars, actors and young professionals are taking early bets on new startups
Divided EU allows India to pitch for carbon tax relief
Differences within the European Union (EU) over a looming carbon border tax have given India an opportunity to pitch for some relief from its onerous requirements that are expected to hurt exports to one of the country's largest trading partners.
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan
