Brexit Is Worse Than Y2K For Customers, Says Infosys’ Mohit Joshi
(Bloomberg) -- Brexit is now worse than Y2K -- at least in terms of customer concerns, according to India's second-largest provider of IT services.
“All of us knew Y2K would come to a head, right? In this case, nobody knows whether it's going to be June, July, or October, or 2020,” Mohit Joshi, co-president at Infosys Ltd., said Tuesday in a Bloomberg Television interview on the sidelines on the Milken Institute global conference in Beverly Hills, California.
Brexit day came and went on March 29 and the U.K. is still in the European Union. The drawn-out saga of Britain's departure from the bloc was thrown into disarray by the U.K. Parliament's repeated rejection of the divorce deal negotiated by Prime Minister Theresa May. Exasperated EU leaders granted the U.K. another extension to Oct. 31 to provide more time for Britain to work out its domestic politics.
Read: Brexit's Tortured Endgame as the Deadline Pushes Out
“It is something which is a huge concern to all our clients,” Joshi said. “What they're telling us is that the uncertainty is really affecting them, and the uncertainty is affecting their investment plans.”
— With assistance by Edward Ludlow
©2019 Bloomberg L.P.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
