Try GOLD - Free
Banks' caution may weigh on growth of IT industry
Hindustan Times Haryana
|March 04, 2025
Better growth for the Big Five of India's IT industry in the next financial year has come under doubt, with some of the largest banks, the biggest customers of homegrown IT firms, putting large tech spending projects on hold.
NEW DELHI: The reason: Uncertainty over inflation rates and whether America's recent tariffs on goods from China and Mexico could start a new round of trade war.
After meeting company executives, at least two brokerages—JM Financial Institutional Securities Ltd and Kotak Institutional Equities—last week red-flagged some challenges that could dampen growth for the country's $283 billion IT industry. Optimism also weakened after Capgemini SE guided last month that the French IT services firm will experience no organic growth in the current calendar year.
This story is from the March 04, 2025 edition of Hindustan Times Haryana.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Haryana
Hindustan Times Haryana
Canada’s lawmakers slam SFJ for targeting Anita Anand at protest
Canada’s cabinet ministers have condemned the brazen targeting of minister of foreign affairs Anita Anand during a protest organised by the secessionist group Sikhs for Justice (SFJ) outside the Indian Consulate in Toronto on Friday.
1 min
November 03, 2025
Hindustan Times Haryana
Mehli Mistry files caveat against ouster from Tata Trusts
Mehli Mistry has challenged the decision of the Tata Trusts to remove him as a trustee before the Maharashtra Charity Commissioner, and urged the regulatory body to hear his case before approving the decision by the country’s largest philanthropic entities last week.
3 mins
November 03, 2025
Hindustan Times Haryana
New STP will address sewage issue in Vasant Kunj, Rangpuri
THE DELHI JAL BOARD HAS TAKEN 250 SQ METRES OF LAND TO SET UP THE PLANT, THE AGENCY TOLD THE NGT. THE PLANT WILL HAVE A CAPACITY OF 6 MGD
2 mins
November 03, 2025
Hindustan Times Haryana
43-YR-OLD LOSES ₹66.4L TO WOMAN FROM DATING APP
A 43-year-old man in Noida was allegedly duped of ₹66.42 lakh over nearly three years by a woman he met online and her associates, police said.
1 min
November 03, 2025
Hindustan Times Haryana
B'LURU: COUPLE KILLED AFTER BEING HIT BY SPEEDING AMBULANCE
A couple was killed and two others injured, while several two-wheelers were allegedly hit by a speeding ambulance ata traffic signal in the city, police said on Sunday.
1 min
November 03, 2025
Hindustan Times Haryana
RETD DDA OFFICIAL ON MORNING WALK ATTACKED IN ROBBERY BID
An 87-year-old retired officer from the Delhi development Authority (DDA) was injured on Wednesday morning after an unidentified assailant attacked him with a sharp object during his morning walk near Deer Park in southwest Delhi, police said Sunday.
1 min
November 03, 2025
Hindustan Times Haryana
The message in toxic air & monsoon deluge
India’s gains on the economic front face a challenge from the impact of the climate crisis
4 mins
November 03, 2025
Hindustan Times Haryana
'INDIA'S EXPORTS TO US DIP 37.5% DURING MAY-SEP'
India’s exports to the US have dipped 37.5% during May-September 2025 from $8.8 billion in May to $5.5 billion in September, think tank GTRI said on Sunday.
1 min
November 03, 2025
Hindustan Times Haryana
JD(U) strongman Anant Singh arrested in Bihar poll murder
The Bihar Police arrested Janata Dal (United) assembly candidate from Mokama, Anant Singh, along with his two aides from Bedna village on the intervening night of Saturday and Sunday in connection with the death of Dularchand Yadav, a campaigner for Jan Suraaj candidate Piyush Priyadarshi.
2 mins
November 03, 2025
Hindustan Times Haryana
OBAMA SAYS HE'S SURPRISED HOW FAST BIZ LEADERS BENT THE KNEE TO APPEASE TRUMP
WASHINGTON: Former president Barack Obama said on Saturday that he was taken aback by how quickly many of the United States’s business leaders, law firms and universities “bent the knee” to appease President Donald Trump, as he urged voters to push back against what he called the “lawlessness and recklessness” of the Trump administration, Reuters reported.
1 min
November 03, 2025
Listen
Translate
Change font size