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After difficult year, IT braces for US downturn (Live mint.com 7th Jan 2008)After weathering a tough 2007, India’s flagship IT companies face the spectre of the US economic slowing and squeezing profits as they start unveiling earnings this week, analysts saySoftware firms such as Tata Consultancy Services Ltd, Infosys Technologies Ltd and Wipro Ltd were last year roiled by the rupee’s steepest appreciation against the dollar in three decades, surging wages and real estate values and the end of a tax holiday. More
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