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TCS: Revenue in North America, which accounts for half of total revenue, slipped 2.3% year-on-year. Revenue from banking, financial services and insurance clients, its biggest vertical, fell 3.2%.
Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent. So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index. The IT index has been on a continuous decline in the last three sessions.
Tata Consultancy Services has retained the second spot in the BT500 list. With a new leader, the IT behemoth is looking to ride out global headwinds and emerge stronger - Issue Date: Dec 10, 2023
An equity index that houses Indias biggest operator of cinema screens as well as its top television broadcaster has lost about 6% since reaching a 17-month high in early September. Still, up 31% this quarter through Friday, the gauge is poised for its best performance since 2009.
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