INFO-TECH: Global crisis, biz uncertainty cast a shadow on industry.

from BUSINESS LINE, December 31, 2009 New Delhi, Dec. 30 - The year that passed by was one of the toughest in the decade for the Indian IT industry, which reeled under the impact of the worst-ever global economic crisis.

It was a reality check for the industry, with companies facing huge uncertainty on their business outlook for most part of the year as customers held back or cancelled investments in new technology.

Towards the close of the year, the industry began to show early signs of recovery, with customers starting to take decisions on IT spends.

Shares move up Reflecting the sentiment, shares of IT companies such as Infosys, Wipro, and HCL …