The slower growth is more because of the packaged applications portion, the ERP, the back-office centric, the on-premises work, says Gupta.
HCL Tech’s stock fell 4.57% down on the BSE at Rs 799.30 on a day when the benchmark Sensex was down 1.77% to end at 25,603.10 points.
The RBI gave licence to operate pre-paid wallets to around 26 entities and the last two years have seen a flurry of launches.
Pressure is mounting on Infosys to get MCA project in order even as Niti Aayog CEO Amitabh Kant launched a withering attack on Infosys on Twitter.
The Association of Radio Taxis plans to appeal to the department of industrial policy & promotion against app-based taxi aggregators for flouting a norm.
The Chandigarh-based startup has raised $10 million in this round from investors including Snow leopard, an existing investor, and VC firm Rocketship.vc.
MobiKwik competes with the likes of Paytm in this space which has already got a licence for a bank and plans to launch it by August this year.
A clutch of Indian origin Silicon Valley stalwarts have invested in financial technology firm Deal4Loans that provides loans through the online portal.
Called the “Twitter Seva” service, it will act as a helpline of sorts for entrepreneurs seeking funding, support or government assistance of any kind.
After getting a stay from the Uttarakhand High Court over the issue of entry tax, Flipkart has sued the government of West Bengal over a similar issue.
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