AI poses a challenge for TCS and Infosys, says Kotak Alts MD
During a podcast, Kotak Alts MD Srini Sriniwasan noted that major IT companies such as TCS, Infosys, and Wipro previously served as a safety net for international investors, benefiting from dollar earnings when the rupee weakened. He further explained that there is now a growing concern that AI could negatively impact their long-term profits, a situation made more significant due to the substantial weight these companies hold in market indices.
by shortkt.com✓