Tag: PRASHANT SHUKLA
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Impact of DOGE Initiatives on Indian IT Sector and Federal Contracts
Everest Group reports Indian IT firms have limited exposure to U.S. federal contracts, under $6 billion, largely insulated by contracts with state and local governments. The U.S. federal budget proposes significant IT spending, indicating potential growth opportunities for Indian companies within the federal landscape. Experts believe DOGE’s modernization initiatives may enhance efficiency and innovation in…
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IT Companies Report Recovery in BFSI Spending and Growth Trends
– Indian IT providers signal a recovery in BFSI and North America markets. – Firms like Infosys, HCLTech, and Wipro have increased their guidance. – Manufacturing in Europe remains weak. – Aggregate growth of major companies stands at 3.8% YoY in constant currency. Key Highlights – Major Indian IT service providers display signs of recovery…