Take Solutions Sinks 8% Over Chennai Floods Warning

After TCS and Wipro, two more IT companies have issued revenue warnings, saying the recent Chennai floods may impact their December quarter financial performance. (Read) Following the disclosure, Take Solutions shares slumped nearly 8 per cent, while Hexaware shares tumbled nearly 2 per cent on Friday. Take Solutions, which employs over 450 people in Chennai, said unprecedented rainfall and floods led to delays in client delivery. ...