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SAASPOCALYPSE
Market wrap: BEL, HUL, ICICI Bank, Axis Bank top gainers and losers on Nifty and Sensex on TuesdayIndian equity markets extended losses on September 8, with Sensex and Nifty falling amid elevated crude prices, rate-hike concerns and heav...
SaaS is beating the ‘SaaSpocalypse’! CLSA explains what AI means for Indian IT stocksCLSA sees AI widening the gap between SaaS platforms and Indian IT services, favouring Persistent Systems and LTIMindtree. SaaS firms are g...
David Wadhwani, Anil Chakravarthy or...? Adobe Looks within & outside for CEO in AI eraAs part of the search, Microsoft Executive VP Charles Lamanna held discussions with Adobe about the role, but ultimately opted against cont...
Is SaaSpocalypse real? CLSA says maybe not and here’s whyInitial fears of an "SaaSpocalypse" following Anthropic's AI plug-in release have subsided. Brokerages now suggest AI is driving a shift to...
Freshworks cofounder Mathrubootham rejects ‘SaaSpocalypse’ prediction, says AI agents won’t kill industryMathrubootham said Anthropic’s February Claude Cowork plugins triggered a sell-off in markets across the globe, erasing $285 billion in sof...
Tech crash rub off! Prestige Estates, Brigade Enterprises, other realty stocks slide up to 4%Real estate stocks, particularly those exposed to Bengaluru, saw a significant drop on Friday. This sell-off is driven by investor concerns...
Infosys, Wipro and other IT stocks slide up to 6% as AI fears continue to hammer tech packShares of IT giants Infosys and Wipro tumbled as much as 6% on Friday, extending recent losses. This decline follows a sharp overnight drop...
An Indian's role in the SaaSpocalypse that took away Rs 2.5 lakh cr from desi tech giantsAn Indian-born tech leader, Rahul Patil, is at the heart of a market upheaval. His work on Anthropic's new Claude AI, capable of independen...
Infosys, Wipro, TCS, other IT stocks in focus as US tech shares rebound following selloff last weekIndian IT stocks are back in focus after a rebound in US technology shares helped stabilise sentiment following a sharp sell-off. Concerns ...
SaaSpocalypse hits when plumbers are outearning Indian techiesIndia's entry-level tech jobs face a stark reality as home service workers reportedly now earn more. A recent AI release has intensified fe...
Anthropic AI plug-ins creating chaos in IT stocks. Too early for you to plug out?Indian IT stocks are experiencing significant selling pressure following the launch of AI-powered workplace tools, leading to a market valu...
Rs 2 lakh crore SaaSpocalypse for IT stocks explained: What it means for investorsIndian IT stocks experienced a significant selloff on Wednesday. Investors reacted to fears that artificial intelligence could make traditi...
AI is the pin popping SaaS inflated balloon: Zoho founder Sridhar Vembu on Anthropic shockZoho founder Sridhar Vembu has warned that AI is bursting the “inflated” SaaS bubble, as automation threatens core coding and professional ...
From feature to foe: Anthropic move is a trailer of AI-pocalypseAnthropic's Claude Cowork agent, now equipped with task-automating plugins, has triggered a "SaaSpocalypse" fear in tech stocks. This move ...
‘SaaSpocalypse’: What is Anthropic’s newest AI tool and what are the consequences for global tech companies?Global software and IT stocks suffered a sharp selloff after Anthropic unveiled new AI tools capable of automating legal, sales, marketing ...
BofA lifts near‑term rupee forecast by 2% to 88.60–89 after US trade dealBank of America expects the rupee to strengthen to 88.60–89.00 by March-end after a landmark U.S.–India trade deal triggered its sharpest g...
Gokaldas Exports shares surge over 40% in two days after India-US trade dealGokaldas Exports shares have surged over 40% in two sessions after India and the US announced a landmark trade deal cutting tariffs to 18%....