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COBOL MODERNISATION
An old legacy lights up: AI takes on decades of tech debtHelping enterprises unshackle billions of lines of legacy code they are buried under unlocks opportunities for Indian IT. But firms, especi...- New Nasscom chair flags AI-led structural shiftThe Indian technology sector faces major changes due to AI. Srikanth Velamakanni, the new Nasscom chairperson, highlights both challenges l...
- US Stock Market: IBM shares slide after software weakness clouds Q1 resultsIBM shares fell in after-hours trading after its Q1 results signalled a slowdown in revenue growth, particularly in its software division. ...
- AI: The great disruptor and where smart money is movingArtificial intelligence has long been spoken of as a technology of immense potential. What few anticipated, however, was the sheer velocity...
- Frightful February for IT stocks: How Anthropic’s 6 AI tools sparked a multi-billion dollar meltdown in 4 weeksIndian IT stocks have seen a sharp downturn in February, with the Nifty IT index dropping 21%. This decline was triggered by new AI launche...
- India not behind in AI race, must focus on deployment: IBM CEO Arvind KrishnaIn an interview with ET, IBM CEO Arvind Krishna shrugged off IBM’s 13% stock drop after an Anthropic blog post suggested its AI tool could ...
- Infosys, TCS lead IT rebound; stocks jump up to 5% after five-day routIndian IT stocks rose as much as 5%, sapping a 5-day losing streak after Anthropic announced enterprise partnerships, easing fears of AI-le...
- ETtech Explainer: Decoding Anthropic’s Claude Code update that triggered IBM selloffA single Anthropic blog claiming its AI model Claude can read and modernise COBOL wiped nearly $30 billion off IBM’s market value. COBOL, a...
- Markets tumble with IT shares hit by renewed anxiety over AI impactAI company Anthropic's blog post triggered a significant sell-off in Indian IT stocks, causing benchmark indices to fall sharply. The Nifty...
- Stock market crash: Investors lose Rs 3 lakh crore as Sensex plunges 1,069 pts. 6 factors why stock market fell todayStock Market Crash Today: Indian benchmark indices Nifty 50 and BSE Sensex experienced a sharp decline on Tuesday, with IT and auto stocks ...
- Explained: How IBM’s 13% plunge on Anthropic’s COBOL disruption fears sparked bloodbath in TCS, Infosys, Wipro & other IT stocksIBM Share Price and Anthropic AI Impact: IT stocks slumped on February 24, falling up to 8%, after IBM plunged 13% on Wall Street—its worst...
- AI transition to be painful for IT industry as it involves humans: HCLTech CEOAmid widespread concerns on jobs and the relevance of the nearly $300 billion India IT services sector, a key industry leader on Tuesday sa...
- AI coming for cybersecurity too? Anthropic fear hits another corner of Indian stock marketCybersecurity stocks in India and the US fell sharply after Anthropic launched Claude Code Security, raising concerns about AI-driven disru...
- IBM shares sink 13%, record steepest drop in 25 years after Anthropic says AI can modernise COBOLShares of IBM plunged 13.2% Monday, marking their steepest single-day drop in over 25 years, after AI startup Anthropic said its Claude Cod...
- Infosys, HCL Tech, TCS, other IT stocks fall up to 3% as Anthropic delivers new shockIT stocks like TCS, Infosys, and HCL Technologies experienced significant selling pressure following Anthropic's announcement of its Claude...
- IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise COBOLShares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic sa...
- Fear of the unknown: Is India's $250 billion IT industry facing its Kodak moment?Indian IT stocks are experiencing significant declines, sparking fears of an AI-driven "Kodak moment." While some analysts warn of direct e...
- Businesses now focusing on smaller models, due to their efficiencyThe difference between running on the largest, most powerful GPU versus a more affordable one can result in cost savings ranging from 2x to...
- LIC to review investment practicesThe board of Life Insurance Corporation of India (LIC) is likely to review the insurer’s operations, including investment practices, in the...
- LIC shortlists 4 cos for IT platform rejigLife Insurance Corporation of India (LIC) has shortlisted four of the leading Indian IT companies for its front office modernisation plan.
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