Major IT services provider Accenture, which is listed on the Nasdaq, increased its prediction for fiscal 2025 revenue growth from 3-6% to 4-7%. The modification is ascribed to a decreased adverse effect of foreign exchange fluctuations, which is now anticipated to be roughly 0.5% as opposed to the 1.5% that was previously estimated. With more…
Due to strong domestic valuations and volatility in the global market, foreign institutional investors (FIIs) engaged in a wave of significant selling during the first two weeks of August. However, later in the month, they turned their attention to purchasing, allocating Rs 25,000 crore across eight important sectors. With purchases of Rs 5,297 crore, consumer…
According to a domestic ratings business, the revenue growth of the Indian IT services sector will decrease to 3% in the current fiscal year from 9.2% in the prior fiscal year. According to ICRA Ratings, this fiscal year’s profitability would also suffer, and the operating profit margin will drop to 20–21%, a reduction of up…
