Two bad news in one day and both news items are related to software companies. Companies have posted lower margins for the 3rd quarter 2007-2008. The net growth of all companies put t0gether has been around 16%. However, in tune with the market sentiments, companies have posted lesser profits and lesser growth for the previous [...]
Filed under: software companies | Tagged: rising rupee, software companies | 1 Comment »
The Indian software Industry is estimated at $40 billion. It is expected to grow to an astronomical figure by 2011 (5 yr estimate). But, there is a catch. Only if the rupee keeps low and does not appreciate.
But, as of now, 2007, there are numerous reports in newspapers stating that the Industry is in a [...]
Filed under: rising rupee | Tagged: rising rupee | 2 Comments »
The rise in rupee is being watched closely by all. No wonder, it is occupying the headline news.
As of 5th october, 2007, rupee is at Rs. 39.45/- per dollar. Industry experts say, we are in for a regime of a firmer rupee.
While exporters are lobbying with the govt. and the govt. has categorically said that [...]
Filed under: the rising rupee | Tagged: rising rupee | 1 Comment »
