!['Too many regulations may kill innovation'](https://cdn.magzter.com/1547192204/1719773392/articles/3rQdRxK12RQE8DQYc85sys/TOO-MANY-REGULATIONS-MAY-KILL-INNOVATION.jpg)
The first half of the year is over, how do you see technology spends now?
Yes, there is recovery. But the recovery slope is slower and similar to the start of the year. We did say that we will end up with a higher exit rate and we stick by it. In terms of geographies, Europe has been more resilient than the US. In the US, there was more focus around cost reduction last year. Reason being, the technology bills have gone up, labour cost has gone up, the consumption of Cloud and software as a service (SaaS) has increased and so has the price. With heavy spending in 2021 and 2022, customer's technology bills have gone up, and now they want to rationalise. The attention to cost remains, but now they want to invest to transform and be efficient. We see large programmes on how they can drive efficiency.
Would it be fair to assume discretionary spending will also be back as recovery happens?
This story is from the July 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 01, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![Air India cancels US flight to ferry T20 world champions](https://reseuro.magzter.com/100x125/articles/18959/1753789/8frIm7inhrqlaitXjb5sys/AIR-INDIA-CANCELS-US-FLIGHT-TO-FERRY-T20-WORLD-CHAMPIONS.jpg)
Air India cancels US flight to ferry T20 world champions
DGCA asks for 'factual report' from the airline
![It's showtime for live entertainment](https://reseuro.magzter.com/100x125/articles/18959/1753789/GnLa67b3Xks3YkHdnhksys/ITS-SHOWTIME-FOR-LIVE-ENTERTAINMENT.jpg)
It's showtime for live entertainment
A heady cocktail of social media and youth craving for experiences has triggered a boom in live events. Can it last?
![The fate of the compensation cess](https://reseuro.magzter.com/100x125/articles/18959/1753789/pKlECgRJo73jFWS5sjdsys/THE-FATE-OF-THE-COMPENSATION-CESS.jpg)
The fate of the compensation cess
In our piece yesterday, we reviewed the performance of the Goods and Services Tax (GST) over the past seven years, emphasising that the states did well but at the cost of a revenue sacrifice by the Centre.
Near-term headwinds seen for realty stocks
Analysts suggest cautious approach, advise against exiting completely
Strong outlook for AMCs but high valuations pose risk
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker.
![Sebi has strong case against Hindenburg, say lawyers](https://reseuro.magzter.com/100x125/articles/18959/1753789/5NK6sRcFnY4PensYDdBsys/SEBI-HAS-STRONG-CASE-AGAINST-HINDENBURG-SAY-LAWYERS.jpg)
Sebi has strong case against Hindenburg, say lawyers
The Indian market regulator, the Securities and Exchange Board of India (Sebi), has a strong case against US-based short-seller Hindenburg Research, who the former has alleged to have traded based on unpublished price-sensitive information.
![Sensex may hit 87K by year-end](https://reseuro.magzter.com/100x125/articles/18959/1753789/P6zsvmpcY8EgKoASb6Psys/SENSEX-MAY-HIT-87K-BY-YEAREND.jpg)
Sensex may hit 87K by year-end
Analysts advise investors to stay with largecaps
![FMCG sector weight in Nifty 50 falls to lowest level since 2010](https://reseuro.magzter.com/100x125/articles/18959/1753789/b1zevXTycA0Hb5boVGdsys/FMCG-SECTOR-WEIGHT-IN-NIFTY-50-FALLS-TO-LOWEST-LEVEL-SINCE-2010.jpg)
FMCG sector weight in Nifty 50 falls to lowest level since 2010
Weak financial results reason for waning investor interest: Analysts
![Yin, yang and assumptions](https://reseuro.magzter.com/100x125/articles/18959/1753789/24oyCyexW1720040693446/YIN-YANG-AND-ASSUMPTIONS.jpg)
Yin, yang and assumptions
India and China are two of the world's largest civilisations, countries and Leconomies.
Lagging indicator
Gender diversity in India Inc still sub-optimal