JEF.MX
Jefferies Financial Group Inc. News
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"title": "Lack of AI is reducing Indian software stocks’ heft as tech bets",
"description": "Unlike counterparts in the developed world and China, Indian software makers including leader Tata Consultancy Services Ltd. have yet to make significant advances in generative AI. That combined with a still cloudy outlook for client spending may soon leave them looking like the tech bets of yesterday.",
"keywords": "AI, software stocks, Indian software makers, IT outsourcing firms, artificial intelligence, business models, technology bets, client spending, cloud offerings, revenue growth, ai, indian software stocks, ai stocks, indian ai stocks, tech stocks, BSE Ltd., Alphabet Inc., Microsoft Corp., Tata Consultancy Services Ltd., DRChoksey FinServ Pvt.",
"snippet": "\n\n\n\n(You can now subscribe to our\n\n(You can now subscribe to our ETMarkets WhatsApp channel\n\nShares of India’s vaunted IT outsourcing firms are facing a reali...",
"url": "https://economictimes.indiatimes.com/markets/stocks/news/lack-of-ai-is-reducing-indian-software-stocks-heft-as-tech-bets/articleshow/110193228.cms",
"image_url": "https://img.etimg.com/thumb/msid-110193210,width-1200,height-630,imgsize-571968,overlay-etmarkets/photo.jpg",
"language": "en",
"published_at": "2024-05-17T03:19:17.000000Z",
"source": "economictimes.indiatimes.com",
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"highlight": "The IT sector may see further downgrades after sales missed expectations last quarter, according to <em>Jefferies</em> <em>Financial</em> <em>Group</em> <em>Inc</em>.“Results by IT firms disappointed on the top line, and management commentary points to a weaker-than-expected growth outlook,” analysts Akshat Agarwal and Ankur Pant wrote in a note dated May 7.",
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Exchange
- Mexican Stock Exchange
- equity
- Financial Services
- mx