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The key business vertical of hi-tech and emerging industries, where the revenue growth has been sluggish over the past few quarters, is likely to show a turnaround given the new deal wins. The company's management also expects to improve the operating margin in the second half of the fiscal year with rising utilisation levels.
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Devastating flash floods in eastern Spain have claimed at least 95 lives, with many more missing. Torrential rains submerged homes, destroyed roads, and cut off towns, prompting a large-scale rescue operation. The Valencia region was hardest hit, but Andalusia also experienced unprecedented rainfall and damage.
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The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China.
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