New Delhi, March 6 (IANS) Earnings estimates of IT firms for FY27 have been lowered by 1 per cent, while target multiples for large‑cap IT services and BPO firms have eased amid uncertainty around AI adoption, a report said on Friday.Emkay Global Financial Services Ltd in its report trimmed FY27 and FY28 earnings estimates of large‑cap IT services companies by 1 per cent and 2 per cent, respectively.The “implied terminal growth for covered large‑cap IT services companies” for these compani…
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New Delhi, Jan 6 (IANS) Adoption of generative AI (GenAI) in India has moved well beyond early experimentation and awareness now stands at 94 per cent, while usage has increased to 62 per cent, placing India among the highest-adoption markets globally, a report said on Tuesday.GenAI is becoming part of consumers’ everyday routines, including how they shop. Shopping-related use is now the third most common application of GenAI — and not just for big-ticket items, but also for everyday purchas…
New Delhi, Dec 22 (IANS) Around 62 per cent Indians are using GenAI at work regularly, whereas 90 per cent employers and 86 per cent employees believe that AI impacts productivity positively, a report showed on Monday.Also, 75 per cent employees and 72 per cent employers believe that GenAI enhances decision making, 82 per cent employees and 92 per cent employers believe it positively impacts quality of work, said the ‘EY 2025 Work Reimagined Survey’.The report shows that India is among the h…