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SOFTWARE SECTOR SLUMP
Another AI aftershock sends Indian IT stocks for a tumbleIndian IT shares extended their seventh straight session of losses as Anthropic's new AI model intensified investor fears of revenue disrup...- IT’s Rs 18 lakh crore m-cap rout; Info Edge, Ixigo post Q4 profitsA multi-month bear market has hit the valuations of India’s top 10 digital and technology services exporters. This and more in today’s ETte...
- IT stocks tumble on OpenAI's push into AI adoptionIndian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% to a three-year low. This decline w...
- Infosys, TCS, HCLTech shares tumble 5% to fresh 52-week lows; Nifty IT crashes 4%. What’s spooking investors?Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff follow...
- US stocks today: US market slips on Middle East impasse, mixed earningsU.S. stock indexes opened lower on Thursday as investors remained cautious amid uncertainty surrounding the U.S.-Iran conflict. Mixed corpo...
- IT takes D-St on a tumble, AI fears pop up on HCL Q4 missIndian IT stocks experienced a significant decline on Wednesday. This sell-off was triggered by HCL Technologies' disappointing fourth-quar...
- US Stock Market | Stocks tumble, Dow confirms correction territory, as Middle East tensions dragU.S. stocks plunged Friday, with major indexes hitting seven-month lows as a Middle East war continued to suppress risk appetite. The Dow e...
- US stocks today: US stocks tumble to lowest close in 6 months as Iran war drags; Nasdaq confirms correctionU.S. stocks plunged Friday, with major indexes hitting over six-month lows as the Middle East war suppressed risk appetite. Megacap and sof...
- US Stocks | From software to real estate, U.S. sectors under the grip of AI scare tradeWall Street is in the grip of disruption worries from AI. It first started with investors dumping shares of software companies but soon spr...
- Software selloff continues as investors debate AI's existential threatThe recent downturn in global software stocks has investors on edge, pondering whether the fears surrounding artificial intelligence have b...
- MFs cut banking stocks exposure to Rs 82,000-crore in July-endIn percentage terms, exposure to banking stocks have fallen to 19.86 per cent of equity AUM in last month as against 20.4 per cent in June.
- MFs bullish on IT stocks; exposure at record high of Rs 43,000 croreFund mangers remained bullish on software stocks in the entire 2015. Their exposure increased from Rs 33,970 crore in December 2014 to Rs 4...
- MFs remain bullish on IT stocks; exposure rises to Rs 42k croreMutual fund managers continued to be bullish on software companies as they raised their total allocation in the sector to around Rs 42,000 ...
- Chambal Fertilisers to sell Birla Textile Mills to SutlejChambal Fertilisers and Chemicals has entered into an agreement to sell its textile business to Sutlej Textiles and Industries for Rs 232.6...
- Karnataka exempts IT from labour law for another 5 yearsIT experts pointed out that the complex and outdated labour laws were originally designed and more suited for manufacturing sector.
- Mutual Funds' exposure to software stocks at 3-month highThe MF industry's investment in software stocks stood at Rs 18,430 crore as on June 30, accounting for 10.21 per cent of their total equity...
- Bangalore sees 14% increase in hiring compared to last yearDespite selective hiring practiced in sectors like construction, insurance,IT and ITes industries, Bangalore has seen a 14% increase in the...
- Currency fluctuation a major concern: InfosysGopalakrishnan said that growth has been broad-based and led by US and BFSI clients. Check out the top gainers, losers and recommendations ...
- India's software exports face protectionismIndia's outsourcers earn 90% of their revenue from exports -- mainly to the United States and Europe. More Infotech Stories | IT margins ma...
- India's flagship outsourcing sector hits tough timesThese are tough times for India's flagship outsourcing industry whose skilled, low-cost workforce helped plant the country on the global bu...
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