Friday, 24 March, 2023

IT companies face demands for discounts, payment delays from clients

<p>Clients of IT and ITes companies, expecting a massive slowdown in the economy following COVID-10 pandemic, are seeking a 20-60% discount in the bill. This is besides requests for the delay in payment. Media reports say around 60% of the clients of IT companies have made or planning to make similar requests. The average demand for the discount and delay for the payment is 30% and 3 months, respectively.&nbsp;</p>