TCS’s robust $12 billion Total Contract Value signals stability amidst AI disruption fears, indicating intact client spending. Analysts project 5-6% dollar growth and 16-17% rupee earnings CAGR, suggesting potential stock rerating. IT firms’ system integrator role remains a strong moat, though AI may alter cost-sharing dynamics.
Calcutta exchange’s unlisted shares double on revival hopes
Calcutta Stock Exchange shares have more than doubled in the unlisted market in three months as hopes of a revival gain momentum. The exchange is