Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
IT still a long way from re-rating
Mint Chennai
|June 26, 2025
ON THE LOOKOUT DISCRETIONARY IT spends still remain subdued, cautions Accenture management THE Nifty IT index trades at premium valuation despite delayed revenue revival
Indian IT services sector is the most preferred investment theme among fund managers, according to the latest Asia Fund Manager Survey by BofA Securities. In June, 21% of fund managers chose the sector as their top pick, up from 13% in May. The survey findings were followed by results from global IT major Accenture, which is seen as a bellwether for Indian tier-1 IT firms.
Accenture, which follows a September-August financial year, reported 7% year-on-year constant currency revenue growth in the quarter ended May (Q3FY25), beating consensus estimates and meeting the upper end of its guidance range.
A Motilal Oswal Financial Services report dated 20 June said the impact of a tariff-related pause was milder than earlier feared for Accenture.
The Nifty IT index, too, has rebounded to 39,046 after slumping to a 52-week low of 32,517 on 7 April, amid sharp selling triggered by the US tariff announcement on 2 April.
Dit verhaal komt uit de June 26, 2025-editie van Mint Chennai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Chennai
Mint Chennai
Beyond megawatts: Green transition turns to stability
India now eyes storage capacity and a focus on more stable sources such as nuclear power
3 mins
January 01, 2026
Mint Chennai
External risks on horizon, but RBI keeps faith in local buffers
Financial stability report cautions about exchange rate volatility, trade weakness, muted FDI
2 mins
January 01, 2026
Mint Chennai
Just 35% global SMEs have disaster plans, Indian firms most exposed
As climate shocks intensify, most small businesses remain dangerously unprepared, with Indian enterprises among the most exposed, says a study.
2 mins
January 01, 2026
Mint Chennai
Govt may ease PN(3) to raise China FDI
Inter-ministerial consultations have already been held in this regard, with a recent such consultation taking place in December,” the person said.
2 mins
January 01, 2026
Mint Chennai
Gig workers' strike fails to hit e-comm, food delivery services
A section of gig workers on Wednesday stopped work demanding better pay and work conditions but the agitation had little impact on services on e-commerce and online food delivery platforms that saw robust business on New Year Eve.
2 mins
January 01, 2026
Mint Chennai
Latin America’s new birth of democracy
To imagine all Latin American countries being governed by a republican order respectful of freedom and democracy seems utopian.
6 mins
January 01, 2026
Mint Chennai
Is crypto an opportunity or a threat?
The fascination with cryptocurrencies shows no sign of fading.
4 mins
January 01, 2026
Mint Chennai
From plastic to glass: Kitchenware firms bet on buyers going premium
Kitchenware and crockery companies are nudging consumers to swap plasticware for glassware, positioning it as a premium lifestyle upgrade to capitalize on the post-pandemic focus on health.
2 mins
January 01, 2026
Mint Chennai
Trump and the end of American hegemony
It has become almost routine to end each year with talk of the “polycrisis,” and to acknowledge the difficulty of anticipating a future that seems pregnant with the risk of new wars, pandemics, financial crises, and climate driven devastation.
4 mins
January 01, 2026
Mint Chennai
Trump is cancelling rule of law, democracy
The first year of US President Donald Trump’s second term has taken a heavy toll on the rule of law.
7 mins
January 01, 2026
Listen
Translate
Change font size