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Chennai Rains, Furloughs to Mute IT Revenues in December Quarter: Analysts
Indian IT firms are likely to post muted revenue growth in the December quarter, affected by Chennai floods and more-than-expected furloughs in the US and European markets, analysts said.
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Sensex Recovers From Over 3-Month Low, but Jittery Ahead of Fed
Indian shares rose on Monday after touching a more than three-month low earlier in the session as lenders such as ICICI Bank recovered from recent losses, but sentiment was muted ahead of the Federal Reserve meeting later this week.
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IT Firms Invoke Alternate Plans as Flood Hits Chennai Operations
Heavy downpour has hit operations of IT companies in Chennai - one of the leading IT destinations in the country - but the firms say that they have invoked alternative measures to ensure there is no impact on critical services.
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Chennai Rains, Furloughs to Mute IT Revenues in December Quarter: Analysts
Indian IT firms are likely to post muted revenue growth in the December quarter, affected by Chennai floods and more-than-expected furloughs in the US and European markets, analysts said.
-
Sensex Recovers From Over 3-Month Low, but Jittery Ahead of Fed
Indian shares rose on Monday after touching a more than three-month low earlier in the session as lenders such as ICICI Bank recovered from recent losses, but sentiment was muted ahead of the Federal Reserve meeting later this week.
-
IT Firms Invoke Alternate Plans as Flood Hits Chennai Operations
Heavy downpour has hit operations of IT companies in Chennai - one of the leading IT destinations in the country - but the firms say that they have invoked alternative measures to ensure there is no impact on critical services.
