macroeconomic uncertainty

TCS CEO Krithivasan faces the biggest challenge amid uncertainty, Jeanai threat

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On 2 April, US President Donald Trump imposed several tariffs on imports of several countries, triggering concerns of tariff war worldwide. The analysts are worried that the world is on the verge of a recession. Any recession is bad news for IT service companies because when Fortune 500 companies hold their expenses back, the revenue … Read more

Accenture flags macroeconomic fears, casting shadow over global and Indian IT

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The early alert, coming in the backdrop of disappointing quarterly earnings in the second quarter (December-February) of the world’s biggest information technology (IT) services company, signals possible tough times ahead for both global as well as the Indian IT industry. Accenture follows a September-August financial calendar. “In recent weeks, we are seeing an elevated level … Read more