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Mint's analysis shows the share of young workers in TCS's workforce has fallen from 59% in FY22 to 50.3% in FY24. For Infosys, that's a drop from 60% to 55% over the same period. Analysts attribute this to low growth of the IT services companies, and not to generative AI taking away jobs.
Market experts are bullish on IT stocks, the correction in prices over the last few months has made valuations more reasonable. Strong deal pipeline, and growing hope of US interest rate cut support the optimism.
Facing a cautious market and clients tightening their purse strings, IT companies are adopting a strategy from startups and web commerce: creating a new C-suite role – the chief growth officer (CGO).
Happy Monday! Investors in new-age startups are set for huge gains as these firms list on the public markets. This and more in todays ETtech Morning Dispatch.
Sebi proposes to tighten the selection criteria for stocks in the derivatives segment to improve investor participation and market efficiency. The proposed rules aim to enhance the trading environment in the F&O segment.