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The sample's revenue fell by 0.3% from the previous quarter to $20,207.5 million. In addition, the trailing 12-month (TTM) trend in revenue shows that after a spike between FY21 and FY22 amid the post-pandemic boom, the revenue growth for each of the five companies has fallen below the levels seen five years ago, impacted by a slack in the demand for discretionary projects - long-term contracts which are transformational in nature - amid the rising focus of clients to achieve cost efficiency for existing processes.
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The Indian government may soon introduce a social security plan for gig and platform workers, with the labour ministry developing a customised policy. The scheme aims to ensure fairness without cross-subsidization, potentially starting next financial year, and will establish both mandatory and voluntary benefits tied to work thresholds.
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Perplexity AI has presented a new proposal to TikToks parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikToks U.S. business, according to a person familiar with the matter.
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