TCS in Financial Crisis

Essay specific features

 

Issue:

Business

 

Written by:

Jeffrey M

 

Date added:

January 14, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 285

 

Was viewed:

458 times

 

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Essay content:

India’s top five ITS companies – TCS, Infosys, Wipro, Satyam and HCL Tech – collectively lost over Rs 2,50,000 crore in market value in 2007-2008. Operating profits were also down, with margins for the companies decreasing by 6 to 15 percent this year. The banking, financial services and insurance (BFSI) vertical, which has been the stronghold of the many ITS firms has been the worst hit by the subprime crisis...
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Most major western financial companies have taken huge losses and are undergoing managerial changes, which has slowed their decision-making on large projects. Major challenges faced by the IT industry are, • Slowdown in U.S economy • Unstable currency • Fallout of subprime and credit crisis on banking, retail services • Rising oil prices • Wage inflation • Fall in operating margins • Cap on H1-B visas • Protectionism threats ahead of the U...
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