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Goldman downgrades stocks of these two Indian IT giants: Report

India's top IT services firms have started freezing or cutting staff bonuses, worried that tightening budgets at US and European clients who are bracing for a recession will sharply hit their own profit as the pandemic-led boom fades out.

Goldman Sachs downgrades Infosys, TCS to 'sell' on looming slowdown(Reuters Photo)
Goldman Sachs downgrades Infosys, TCS to 'sell' on looming slowdown(Reuters Photo)
Updated on Sep 14, 2022 05:07 PM IST
Reuters |

Bank stocks are back in vogue on stimulus hopes, interest-rate outlook

The KBW Bank Index has jumped 8.4% in January, beating the S&P 500 Index’s 1.8% advance.

The head offices of Goldman Sachs in London, U.K., on Monday, Dec. 7, 2020. As the U.K.'s second lockdown, lifts City of London firms are likely to let more workers return, giving a boost to businesses in the financial district before Christmas. Photographer: Jason Alden/Bloomberg(Bloomberg)
The head offices of Goldman Sachs in London, U.K., on Monday, Dec. 7, 2020. As the U.K.'s second lockdown, lifts City of London firms are likely to let more workers return, giving a boost to businesses in the financial district before Christmas. Photographer: Jason Alden/Bloomberg(Bloomberg)
Published on Jan 10, 2021 06:04 PM IST
Bloomberg |
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