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AI fears wipe Rs 6 lakh crore off IT stocks; how TCS, Infosys and other tech firms are shifting strategy

IT stocks have taken a massive hit, losing over Rs 6 lakh crore in market value across eight sessions, with the Nifty IT index dropping more than 8 per cent. The sell-off stems from fears that AI could automate core IT services like application development, maintenance, and testing – the backbone of Indian IT companies’…

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Nvidia CEO Jensen Huang on why $250 billion-plus wipe out in global stock markets triggered by Anthropic AI is purely ‘ILLOGICAL’

Jensen Huang, CEO, Nvidia Nvidia CEO Jensen Huang has dismissed the market panic that recently erased over $250 billion from global software stocks. Defending the software industry against fears that AI will make it obsolete, the chief executive of the world’s most valuable company has said that this concern is the “most illogical thing.” Speaking…

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IMF managing director Kristalina Georgieva ‘agrees’ AI will wipe out many jobs; but says it will also lead to …

Kristalina Georgieva, Managing Director of the International Monetary Fund, attends the Annual Meeting of the World Economic Forum in Davos, Switzerland, Friday, Jan. 23, 2026. (AP Photo/Markus Schreiber) Kristalina Georgieva the managing director of International Monetary Fund has issued a warning that artificial intelligence could transform or eliminate up to 60% of jobs in advanced…

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Mass culling exposed in Telangana: Lethal injections wipe out 500 stray dogs to keep poll promises; FIRs filed | Hyderabad News

HYDERABAD: A major controversy has erupted in Telangana’s Kamareddy and Hanamkonda districts after around 500 stray dogs were allegedly culled using lethal injections over the past week.According to a report by news agency PTI, some elected representatives — including sarpanches — allegedly carried out the killings to “fulfil promises made to locals” during the recent…

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Salesforce CEO Marc Benioff comforts investors as AI jitters wipe away more than $100 billion in shareholder wealth; says: We all know that …

Salesforce posted better-than-expected quarterly results this week, giving CEO Marc Benioff fresh ammunition to push back against a wave of investor skepticism regarding the company’s aggressive pivot toward artificial intelligence. The business software giant reported earnings that eclipsed analyst projections, offering a potential reprieve for a stock that has been hammered recently by doubts over…

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Prime Minister Mark Carney tells Canadians: US tariff will wipe $50 billion from Canada’s economy, and for you …

Mike Carney (AP file photo) Prime Minister Mark Carney of Canada is counting on the country’s energy sector to help the Canadian economy weather uncertainty from the US President Donald Trump’s tariffs. Carney signed an agreement with Alberta’s premier that rolls back certain climate rules to spur investment in energy production, while encouraging construction of…

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THIS common diet pattern can wipe out memories, a new study finds |

A study from Chiba University shows that a certain diet can impair memory by disrupting autophagy, a cellular recycling process crucial for neuronal health. Using fruit flies, researchers found HFD-fed flies had impaired intermediate- and long-term memory, linked to defective autophagosome-lysosome fusion. “This research advances our understanding of how dietary habits influence brain health. Our…

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