Claude Code shock: Big Blue falls, Indian IT stocks follow

Claude Code shock: Big Blue falls, Indian IT stocks follow

FILE PHOTO: Figurines with computers and smartphones are seen in front of the words “Artificial Intelligence AI” in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo | Photo Credit: Dado Ruvic Shares of IBM tumbled over 13 per cent on Monday, wiping out more than $30 billion in market capitalisation and dragging Indian IT […]

AI scare trade sinks IBM 13% as disruption fears hit software and payments stocks

AI scare trade sinks IBM 13% as disruption fears hit software and payments stocks

IBM tumbled 13%, its worst fall since 2000, while DoorDash, Visa, Mastercard and private equity firms also declined sharply. | Photo Credit: KYLIE COOPER The artificial intelligence “scare trade” erupted again on Monday as growing concerns about the disruptive power of AI dragged down shares of delivery, payments and software companies, and sent International Business […]

SEBI Board meet on March 23 likely to revisit conflict-of-interest rules

SEBI Board meet on March 23 likely to revisit conflict-of-interest rules

FILE PHOTO: The logo of Securities and Exchange Board of India (SEBI) is seen on its headquarters in Mumbai, India, March 24, 2025. REUTERS/Hemanshi Kamani///File Photo | Photo Credit: HEMANSHI KAMANI The Securities and Exchange Board of India (SEBI) board meeting scheduled for March 23 is expected to discuss the conflict-of-interest framework for senior officials […]

Fitch to retain UPL rating post-reorganisation

Fitch to retain UPL rating post-reorganisation

Fitch Ratings has maintained the credit rating of UPL Corporation at ‘BB/Stable’ after the proposed group reorganisation. It will not lead to any change in its creditworthiness or consolidated rating framework, it said. In its note on Friday, Fitch said that the new corporate structure preserves cash fungibility, majority control and common governance, along with […]

Stock Market Live Feb 20: Sensex surges nearly 400 points to 82,887, Nifty 50 gains 140 points to 25,594

Stock Market Live Feb 20: Sensex surges nearly 400 points to 82,887, Nifty 50 gains 140 points to 25,594

GHV Infra: Company wins ₹123 Crore Solar Project for 28.83 MWp Rooftop Plants. (Positive) NCC: AVSR Holdings bought 1.24 lakh shares. (Positive) Time Technoplast: Time Exports bought 1.55 lakh shares. (Positive) Apollo Pipes: S Gupta Holding bought 5.25 lakh shares. (Positive) Zydus Lifesciences: The US FDA completes an inspection of the company’s Ahmedabad unit with […]

Maize now accounts for close to half of ethanol produced in India

Maize now accounts for close to half of ethanol produced in India

In recent years, maize has overtaken traditional sugarcane-based feedstocks to become the primary source of raw material for ethanol production process in India. The role of maize in India’s ethanol blending programme has strengthened considerably during the Ethanol Supply Year (ESY) 2024–25 (November-October), reflecting a clear shift in feedstock dynamics. Maize emerged as the dominant […]