Key Points
BENGALURU, Oct 25 (Reuters) - India's Tech Mahindra (TEML.NS) on Wednesday posted its biggest fall in profit in over 16 years as expenses mounted and clients tightened spending amid a tough macroeconomic environment...
India's information technology (IT) industry has been grappling with delays in dealmaking, as businesses in the U.S. and Europe, from where it draws the bulk of revenue, cut back investments amid fears of a recession...
Top IT services providers Tata Consultancy Services (TCS.NS) and Infosys (INFY.NS) reported lower-than-expected revenue, with Infosys along with HCLTech (HCLT.NS) cutting annual revenue forecasts earlier this month...
"Near-term demand environment remains challenging as the telecom sector, on which Tech Mahindra has a high dependence remains stressed," said Piyush Pandey lead analyst, Yes Securities...
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