{"id":841488,"date":"2024-08-06T09:19:02","date_gmt":"2024-08-06T03:49:02","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=841488"},"modified":"2024-08-06T09:36:55","modified_gmt":"2024-08-06T04:06:55","slug":"us-jobs-data-fallout-recession-fears-add-to-it-services-sector-concerns","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/06\/us-jobs-data-fallout-recession-fears-add-to-it-services-sector-concerns\/","title":{"rendered":"US jobs data fallout: Recession fears add to IT services sector concerns"},"content":{"rendered":"<p>Fear of a recession in the US due to rising unemployment has added to the concerns of India\u2019s IT services sector, which was seeing some growth returning post-Q1FY25 results. <\/p>\n<p>The Nifty IT closed 3.26 per cent down, as major IT services companies\u2019 stock value fell. Tata Consultancy Services (TCS), India\u2019s largest IT services firm, saw its stock price fall 4 per cent during intraday trading. It finally closed at Rs 4,155.30 per share, down 2.98 per cent from previous close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fear of a recession in the US due to rising unemployment has added to the concerns of India\u2019s IT services sector, which was seeing some growth returning post-Q1FY25 results. The Nifty IT closed 3.26 per cent down, as major IT services companies\u2019 stock value fell. Tata Consultancy Services (TCS), India\u2019s largest IT services firm, saw its stock price fall 4 per cent during intraday trading. It finally closed at Rs 4,155.30 per share, down 2.98 per cent from previous close.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-841488","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=841488"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/841488\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=841488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=841488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=841488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}