MakeMyTrip said that the recent demonetisation of large notes had not yet affected its plan to collect parts of the payments in cash as it had just been a week.
In the current year, Gartner said IT spending will have contracted 1.6% to $67.7 billion. The research firm had expected India IT spending to touch $72.3 bn.
He, however, argued that Infosys has the capability to surmount hurdles in the way of the free movement of technology professionals.
TidalScale helps companies draw insights from big data faster, more easily and with greater flexibility at improved costs.
Infosys has cut its guidance two times in a row this year, a record that was only topped by Cognizant trimming its top-line expectations three times.
The source added that the ‘hasty actions appear to have been done at night’ given the stock exchange announcement at 8.00 am on Thursday.
The salt-to-steel-to-software conglomerate put out the statement justifying its ignominious removal of Mistry as Group Chairman last month.
This is the latest in a series of steps in the escalating war between the Tata and Mistry, who was ignominiously removed as Chairman of the group last month.
Infosys has been pushing the Zero Distance programme, which aims to deliver innovation and improvements, to all the projects the company is running.
Experts say affordable and easy-to-use software are the need of the hour in order to get more of the 50 million SMEs in India to get online.
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