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Motilal Oswal Financial Services' Siddhartha Khemka believes the RBI will keep interest rates unchanged in 2023 and will cut rates only after the US Federal Reserve. He added that valuations in the IT sector are attractive, making it a good opportunity for long-term investors to accumulate stocks.
This is a marked shift from the company’s previous stance, which, since September 2022, has required employees to adhere to a roster and be in office three days a week.
“Order inflow continues to remain by and large intact, no real big surprises, and TCS in particular has remained quite resilient over the last few weeks.Purely from a valuation perspective and the fact that there is going to be a rebound in the IT spend over the next one to two quarters, both TCS and HCL Tech are looking quite attractive at current prices and valuations.”
Elimination of tax breaks in IT sector, speeding up crisis already felt on labour market (analysis)The elimination of tax breaks in the IT sector...
Dalal will succeed Jan Siegmund, who intends to retire in early 2024, Cognizant said in a release, adding that Dalal will be reporting to chief executive officer Ravi Kumar S.