While brokerages have cut earnings estimates for TCS, they see it as the best play in Indian IT.
“It will incentivise lending institutions to give credit as their losses from defaults on loans will be protected to the extent of 75%,” said Anil Gupta, head of financial sector ratings at ICRA. The CGFMU scheme, announced in April 2016, covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana.
Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. Clarissa Garcia began her internship before COVID-19 hit. Her job at WishSlate Inc., an e-commerce app, was focused on PR and media relations. Unsurprisingly, her tasks quickly rendered incredibly difficult due to […]
From a decrease in pollution to the exposure of flaws in our systems, there are some good things to come of the coronavirus pandemic.
This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. Egon Durban, the co-CEO of tech-focused private-equity firm Silver Lake, has made memorable appearances at Fortune’s Brainstorm Tech conference in Aspen over the years. I interviewed him on Thursday […]
While we may not see a V-shaped recovery in the economy coming out of the coronavirus crisis, investors are certainly seeing a V-shaped rebound in the Nasdaq. Despite the coronavirus pandemic wreaking havoc on markets, the tech-heavy index, which holds 100 top names including Amazon and Alphabet, soared higher on Tuesday morning, only 2% off […]