Tag: BFSI
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Currency Depreciation Boosts IT Outsourcing Outlook Amid Seasonal Challenges
Currency depreciation is expected to benefit IT companies as they navigate the third quarter, with HCLTech and Coforge poised for growth. Key earnings announcements in January will provide insights into 2024 and 2025 prospects, with BFSI recovery aiding expansion. Analysts anticipate varied performance among leading firms, with a focus on future IT budgets and hiring…
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IT Companies Prepare for Mixed Q3 Results with Tier 1 Firms Anticipating Modest Growth
The Indian IT services sector is preparing for a mixed Q3 FY25, with Tier 1 companies expected to report modest revenue growth, while Tier 2 firms like Coforge may demonstrate stronger performance. Improving operational practices and demand, particularly in BFSI and TMT, contribute to this outlook. Additionally, generative AI is emerging as a key growth…
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Tech Mahindra Aims to Expand BFSI Sector Revenue Under New CEO Mohit Joshi
India’s Tech Mahindra is focusing on expanding its banking, financial services, and insurance (BFSI) business to increase its revenue share from this segment from 16% to 25% by March 2027. New CEO Mohit Joshi emphasizes leveraging his banking background to diversify beyond telecom clients, while also highlighting the importance of generative artificial intelligence in enhancing…
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Cedar-IBSi Capital to Invest in Fintech Startups for Industry Modernization
Cedar-IBSi Capital plans to invest in 10-15 fintech startups, particularly in the banking and insurance technology fields. The fund will allocate Rs 4-10 crore for this purpose, having already secured Rs 50-75 crore from its early-stage fund. The focus is on enhancing operational efficiency within financial institutions and supporting experienced entrepreneurs. Cedar-IBSi Capital announced its…