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It Sector

All articles tagged with #it sector

space-exploration3 years ago

Pakistan's Space Exploration Gap: A Comparative Analysis with India, Russia, Japan, and the US

Pakistan lags behind in space exploration due to persistent economic challenges, hindering significant investments in space research and exploration. The country's space agency, SUPARCO, has fallen behind India's ISRO, which ranks among the top 10 largest space agencies globally. Pakistan's limited activity until the 1990s and a lack of a well-developed IT sector have also impeded its progress. In contrast, India's robust IT industry has played a major role in supporting its space advancements.

Infosys shares plummet: Here's why.
business3 years ago

Infosys shares plummet: Here's why.

Infosys shares have dropped over 10% due to a dismal revenue outlook caused by the impact of banking turmoil in major markets, specifically the United States and Europe. The IT sector, which earns more than 25% of its revenue from just the US and European banking, financial, services and insurance sector, is facing rising global uncertainties and fears of a recession causing clients to defer spending. At least 10 brokers have lowered their ratings on Infosys stock, and the outlook for India's IT services sector is set to worsen over the next six months before bottoming out.