Tag: latest business updates

Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown

Goldman cuts Infosys, TCS to ‘sell’ on looming slowdown

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Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something not […]

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Foreign portfolio investment inflows hit 20-month high of ₹51,200 crore in August

Foreign portfolio investment inflows hit 20-month high of ₹51,200 crore in August

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India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the U.S. Federal Reserve along India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the U.S. […]

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