Intelligence, decoded

Indian Software Stocks Nosedive as Accenture Pulls the Panic Button

Friday was a banner day for doom-and-gloomers: as the tech world racked up bad news, Indian software firms tanked right along with the rest of the crew. Accenture just dropped the bomb nobody wanted to hear — growth is slowing down — and the market did what it always does when spooked: it sold everything in sight.