Can Indian IT survive the AI era? | The Daily Brief скачать в хорошем качестве

Can Indian IT survive the AI era? | The Daily Brief

In today's episode of The Daily Brief, we cover 2 major stories shaping the Indian economy and global markets: 1. Indian IT at a Crossroads: Growth Slows, AI Brings Uncertainty India's top IT firms—Infosys, TCS, and HCLTech—have reported mixed Q1 results, reflecting deeper troubles in the sector. While Infosys shows signs of resilience, others like TCS face layoffs and revenue dips. Behind the numbers lies a bigger issue: Indian IT’s traditional services model is being challenged by AI, shrinking deal margins, and delayed client spending. Companies are investing in “Enterprise AI,” but lack clarity on returns, R&D, and long-term strategy. Hiring has slowed, wage hikes are minimal, and the industry now faces a pivotal moment that may redefine its future. 2. Why India Can Now Tax Foreign Firms Like Hyatt The Supreme Court has ruled that Hyatt’s UAE affiliate must pay taxes in India, even without a formal office here. The court found Hyatt had a “Permanent Establishment” through its operational control of Indian hotels, making it liable under India’s tax laws despite international treaties. This verdict sets a precedent: foreign companies offering strategic oversight or managing local operations—directly or indirectly—may now fall under India’s tax net. As business goes increasingly digital, the definition of “presence” in India is evolving, and more global firms could face similar tax scrutiny. Timestamps: 00:00 Intro 00:31 What’s ailing Indian IT? 11:06 Hyatt now has to pay tax in India 19:41 Tidbits Get smarter every day with our daily newsletter. Subscribe here: https://thedailybrief.zerodha.com/ Checkout The Chatter here: https://thechatterbyzerodha.substack.... Check out our latest newsletter "Aftermarket Report" here: https://aftermarketreport.substack.com/ Every day, each team member shares something they've learned, not limited to finance. It's our way of trying to be a little less dumb every day. Check it out here: https://onethingwelearned.today/ Listen to this episode on your preferred podcast platform: Spotify: https://open.spotify.com/show/2SJiLdv... Apple Podcasts: https://podcasts.apple.com/in/podcast... Watch this episode in Kannada on @marketsbyzerodhakannada : Disclaimer: Some image(s) may have been created using Al, no copyright infringement is intended. Note: This content is for informational purposes only. None of the stocks, brands or products mentioned are recommendations or endorsements.