Showing posts with label India's IT. Show all posts
Showing posts with label India's IT. Show all posts

Wednesday, October 19, 2011

Indian outsourcers hit by global economic worry

MUMBAI — Shares in India's biggest IT outsourcing firms sank on Tuesday on concerns that rising global economic uncertainty in key markets will hit future growth of the country's flagship sector.

India's largest software exporter Tata Consultancy Services closed down 7.71 percent to 1,033.50 rupees -- the company's sharpest single-day fall in a year a day after its latest quarterly growth data lagged estimates.