Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Cos may up GenAI spending by half
Mint New Delhi
|January 01, 2025
will likely occur at the time of renewals when there is generally pricing pressure on IT services contracts and generative AI could add even more pressure,
" he said in the note. However, a second set of analysts said GenAI will not be deflationary and that cost savings by clients will not result in lesser business for IT service companies.
"In our view, AI technology will serve as a competitive advantage to create new business opportunities and operating models," said Axis Capital analysts Manik Taneja, Sak-sham Savernya, and Rohit Thorat in a note dated 10 December.
"We expect the savings gained through leveraging new technologies to be reinvested towards ever more ambitious pursuits of tech innovation for better business," said the Axis Capital analysts.
This story is from the January 01, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
A plan to hunt down digital arrest crooks takes shape
To crack down on surging online financial frauds such as 'digital arrests', a parliamentary panel has recommended that banks use government-issued IDs to trace, freeze and blacklist mule accounts siphoning crores of rupees. Experts call it a crucial first step, but banks warn implementation will be difficult.
3 mins
September 26, 2025
Mint New Delhi
Why this is the toughest test yet for Indian shrimp
As if the 50% tariff imposed by the US was not debilitating enough, Indian shrimp exporters are staring at an additional anti-dumping duty of as much as 40%. How will this impact exporters and the 16 million people dependent on the seafood sector? Mint explains:
2 mins
September 26, 2025
Mint New Delhi
HI-B crisis sparks legal scramble for new HR solutions
Law firms and corporations are racing to tackle the human resources impact of the vexed H-1B matter, after US President Donald Trump's latest immigration crackdown threw India's $283 billion IT sector into turmoil.
3 mins
September 26, 2025
Mint New Delhi
CAFE-3 pitches big relief for small cars
Lower fleet-wise emissions for small cars in latest BEE draft
4 mins
September 26, 2025
Mint New Delhi
Makhana to millets, snack makers tap into mindful munching
Urban Indians' appetite for healthier snacking is growing and no food is off limits as snack-makers race to cash in on the trend.
3 mins
September 25, 2025
Mint New Delhi
What is Trump's problem with paracetamol?
US President Donald Trump has linked the use of over-the-counter painkiller Tylenol (paracetamol) by pregnant women to an increased risk of autism in children, leading to widespread alarm.
2 mins
September 25, 2025
Mint New Delhi
New highway builders may toll older parallel roads too
Highway developers winning new projects may also be allowed to operate older parallel roads and charge tolls on them, in an effort to reduce toll leakage and attract more investors.
2 mins
September 25, 2025
Mint New Delhi
Govt unwraps $8 bn outlay to buoy ports, shipping
India is setting sail on its biggest maritime bet yet, with the Union cabinet on Wednesday unveiling an incentive package of ₹69,725 crore or about $8 billion for the shipping and ports industry.
3 mins
September 25, 2025
Mint New Delhi
Large exposure rule begins to squeeze corporate lending
A six-year-old Reserve Bank of India (RBI) rule meant to keep a check on banks' lending to large corporate groups is once again causing heartburn for lenders.
3 mins
September 25, 2025
Mint New Delhi
Insolvency relief for homebuyers soon
Separating troubled projects, early house registration proposed
3 mins
September 25, 2025
Listen
Translate
Change font size