India's IT spending increased by 6.8% at $88.8 billion in 2021
Mon, Jan 25, 2021 7:48 PM

India's IT spending increased by 6.8% at $88.8 billion in 2021

A Flip by Flipitnews
Get it on Google Play
Research firm Gartner stated that India's IT spending is projected to climb $88.8 billion in 2021, which is an increase of 6.8% from 2020. The report revealed that earlier in 2020, the nation's IT spending was down 2.7% as CIOs prioritised spending on services and technology. However, In 2021, CIOs have to fast-track their digital projects to get the necessary attention and funding from the board.

More great flips

3 Reasons to Buy Berkshire Hathaway Stock Like There's No Tomorrow

3 Reasons to Buy Berkshire Hathaway Stock Like There's No Tomorrow

Warren Buffett's Berkshire Hathaway, with a $940 billion market cap, offers a diversified portfolio with operations in various industries and a stock portfolio including Coca-Cola, Chevron, and American Express. Buffett expects market-like returns for now, but with a huge cash hoard of $28 bn and $153 bn in short-term marketable securities, the company is poised for long-term outperformance.

Open Flip
3 Millionaire-Maker Artificial Intelligence (AI) Stocks

3 Millionaire-Maker Artificial Intelligence (AI) Stocks

📌Lemonade's revenue increased 25% year-over-year, with $119 million in revenue and $794 million in-force premium. 📌Opendoor trades at a dirt-cheap price-to-sales ratio of 0.3, with high-growth opportunities. 📌Pagaya reported 31% year-over-year revenue and network volume growth, with a top issuer of personal loan ABS in the US.

Open Flip
Dividend stock Share India declares 20% interim dividend in FY25

Dividend stock Share India declares 20% interim dividend in FY25

Share India declared a total dividend of ₹12.50 per share in FY24, with a net dividend yield of around 5.50%, close to bank fixed deposit interest rates. The company's board of directors has also declared a ₹0.40 per share interim dividend for FY25, with a record date of August 2, 2024. This translates to a 20% dividend payout of the face value of Share India shares.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon