Instability in Europe has forced companies there to cut costs by outsourcing. Cognizant, which operates on lower margins than its rivals, has been able to win a larger share of the business.
Volatility here to stay and Ambareesh Baliga suggests investors to hold some cash in their portfolio to buy at better levels, which may come up in a couple of months.
Benchmark global oil markets may already fully reflect the risk of political instability worsening in Egypt and the spill-over effects on the broader region, implying further oil price gains may be limited in scope this week, traders and analysts told CNBC.
Political instability has been one of the main reasons why business sentiment has taken a beating in Karnataka. But with a new Chief Minister in place the second replacement following Yedyurappa's infamous exit post the illegal mining scam, the question is are things going to change for the better? reports CNBC-TV18's Vineetha Athrey.