India’s IT services companies were beginning to see improving demand for tech services in the US, their biggest market. But if the trade war unleashed by US President Donald Trump pushes his country into a recession, IT clients could tighten their discretionary spending budgets again, according to experts. The jitters are already reflecting in the…
Top-tier IT services provider Wipro Ltd bagged a mega deal worth 500 million pounds from Phoenix Group—the UK’s largest long-term savings and retirement business. The 10-year strategic project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group’s operational transformation. In the IT industry, mega deals are large-scale,…
On Monday, Nasscom said the IT industry should end with $283 billion in revenue in FY25, which would mean a 5.1% growth from the year-ago period. Surprisingly, for the first time in a quarter of a century, it revised its FY24 revenue estimate from the $253.9 billion set in September to $268.8 billion. Nasscom also…
Mumbai: Fears over fewer rate cuts in the US and a greenback gathering steam sent shockwaves over the Street on Monday, making investors poorer by more than â‚ą12 trillion overnight. The carnage did not spare any corner of the market – While the Nifty and Sensex plunged 1.5% and 1.4% to close at seven-month lows…
As India has largest amount of data and largest IT services industry in the world, the country can do to artificial intelligence (AI) what China did to manufacturing, said Ola founder and chief executive officer (CEO) Bhavish Aggarwal on Sunday. In a post on social media platform X (formerly twitter), Bhavish Aggarwal said: “India has:…
