In the last two years, TCS, Infosys, and Wipro have been profitable and their salaries are increasing. But now their margins are at risk because of a potential economic slowdown in the US. The recession could prolong wage costs and reduce attrition from job seekers who are considering new jobs in the IT sectors. The
Many stocks (Nifty 50) opened deep into the red on August 26 following US Fed chairman Jerome Powell’s hawkish stance in regards to inflation. Tech Mahindra was the top loser in the markets, followed by Infosys, HCL Tech and Wipro. TCS and Hindalco along with JSW Steel were also top losers in the markets. Of
Despite India’s 8.7% GDP growth in FY22, this was only in comparison to a nearly 6.6% GDP contraction in FY21, implying that the Indian economy is still limping back to health with much of the gains realized during pre-pandemic times. This study looks at how sectors fared during those two years and how capacity utilization
Thailand’s economy could grow at the fastest pace in the last quarter of this year, according to a Reuters poll, as tourism increased due to a slowdown in Covid cases. Reuters polled that tourism and less restrictions as curtsies lifted were two major economic growth factors for Thailand. However, increased cost of living or a
Learn from Sheikh Hasina: Pakistan’s newspaper The Express Tribune published an article praising Prime Minister Sheikh Hasina’s leadership for Bangladesh economic development. The article published on Tuesday titled ‘Takeaway from Bangladesh Leadership’ was authored by Sahebzada Riaz Noor. Sahebzada Riaz Noor, a postgraduate from Cambridge, was the Chief Secretary of the Khyber Pakhtunkhwa province of
Global sovereign 10Y yields have shown moderation across the board as recession fears outweighed inflationary concerns. However, central banks kept in mind price stability and went on with aggressive rate hikes. India’s 10Y sovereign yields have only fallen a tad in the current fortnight. Average borrowing cost for central government securities, SDLs and TBills have
In recent times, one of the topics of discussion in regional politics including Bangladesh is the economic and political disaster in Sri Lanka. Since early 2022, this issue has been the subject of extensive discussion in both national and international level. Bangladesh’s story is different from others The worsening economic crisis that Sri Lanka and
A recent survey by Software Industry Association of India NASSCOM and IHS Market identified that Indian tech firms had supported and created 1.6 million jobs in total, generating $198 billion for the US economy. The industry spent $1.1 billion to expand STEM education in the US. Indian tech firms contributed $3 million to American elementary,
Confidence is falling in the world’s largest consumer market as European companies are moving apart from their operations in China. A recent survey by European Chamber of Commerce in China states that the supply chain concerns and other disruptions in China due to the tight COVID-19 lockdown measures have pushed around 23 percent of European
China’s envoy to Bangladesh has applauded Prime Minister Sheikh Hasina’s leadership for building Padma bridge with the country’s own finance and described the Awami League-led government’s achievements in Bangladesh during the last decade as “extraordinary. Li Jiming, the Chinese ambassador in Dhaka, has lauded Prime Minister Shekh Hasina’s decision to proceed with the Padma Bridge
