Brokerages said the earnings hit for Indian IT firms on account of Donald Trump’s $100,000 H-1B levy is likely to be modest and largely offset by higher offshoring and localisation.
Agencies
Nomura, Kotak and BofA see the disruption as short-lived and are advising clients to accumulate largecap names on weakness, with Infosys, TCS, HCL Tech and Tech Mahindra among their top picks. Some brokerages also see selective opportunities in midcaps such as Coforge and Firstsource.
What perfect timing! A few days before my mother-in-law’s 75th birthday, the Mercedes-Benz E 450 entered our long-term fleet. Naturally, I grabbed the keys...
Podcast: Play in new window | Download (Duration: 1:55:24 — 117.1MB)Subscribe: | More
This Week: Life on Mars, HomoNaledi, Koala Vaccines, Bugs Against Cancer,...
Thousands have been evacuated in the Philippines as the nation braces for a super typhoon that has been described by regional authorities as potentially...
as a Reliable and Trusted News Source
