IT sector’s Q3 results show a positive start, with TCS and HCL Technologies exceeding revenue and profit expectations. HCL Tech recorded a nine-quarter high in new order bookings, while TCS maintained strong deal flow. Despite sustained new deals, TCS faces a revenue growth deceleration, raising concerns about deal ramp-up amid client delays.
US economy remains strong, India must accelerate reforms and AI adoption: Ajay Srivastava
Market veteran Ajay Srivastava highlights the U.S. economy’s robust performance, contrasting it with Indian investors’ perceptions. He emphasizes the global economy’s resilience despite geopolitical tensions