The two verticals that most IT companies saw notable slowdown were banking and telecom, and these two sectors saw significantly higher digital spend during the pandemic period. The commentaries by companies indicate that project ramp downs or cancellations might still be on-going as and when these projects come up for renewals.
IndiGo profit falls on higher cost on older planes
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines
July 27, 2024