Mumbai: Calling GenAI a civilisational shift, TCS CEO K Krithivasan said the company is not afraid of the technology disrupting livelihoods and is prepared to cannibalise its own revenues if needed, leveraging AI to deliver client outcomes more effectively. “We are telling associates that if you find you can do something faster, better and cheaper…
MUMBAI: Indian startups have laid off more than 4,500 employees since July last year, data sourced from executive search firm Longhouse Consulting showed. The sudden ban on online real-money gaming which nudged many startups to shut overnight has pushed the numbers up but much of it also has to do with the selective flow of…
MUMBAI: Scheduled commercial banks have regained market share in financing the commercial sector in FY26 up to Jan 31 by expanding non-food credit faster than the overall resource pool, reversing a contraction seen in FY25 amid a surge in equity issuances and non-bank funding.Data for FY26 up to Jan 31, 2026 released in RBI’s bulletin…
US Wall Street’s main indices opened higher on Wednesday, recovering after recent volatility as investors weighed concerns surrounding the AI trade and uncertainty over tariffs ahead of Nvidia’s earnings later in the day (local time).The Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points,…
A 7,400 sq ft apartment at DLF The Camellias in Gurugram has been purchased by Berkshire Hathaway’s Ajit Jain. The vice-chairman overseeing insurance operations at Berkshire Hathaway, Ajit Jain, is regarded as one of Warren Buffett’s most trusted associates. The apartment has been bought for around Rs 85 crore, according to sources quoted in an…
Russian and Iranian oil producers are reportedly offering deeper discounts to compete for the same limited pool of Chinese buyers after India pulled back from purchases. Analysts say India’s imports from Russia could fall by 40 per cent from January levels, to around 600,000 barrels a day, according to a scenario from Rystad Energy, as…
More than a year into US President Donald Trump’s second term, his sweeping economic policy changes have produced a mixed outcome, with strong growth and a tech investment boom on one hand, but stalled job gains and persistent inflation concerns on the other.The uncertainty surrounding the US economic outlook has deepened further following last week’s…
In February 2026, the company secured $30 billion in its latest funding round, pushing the valuation of the Claude chatbot developer to $380 billion. (AI image) Anthropic – it’s a name that has taken the technology world by storm globally – and its impact on Indian IT stocks has been significant. Anthropic – now valued…
Piyush Goyal (File photo) Union Minister Piyush Goyal on Wednesday said the shared vision of Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu is “steadily translating into action,” as negotiations for an India–Israel Free Trade Agreement (FTA) gather momentum, as PM Modi reaches Israel.In a post on X, Goyal highlighted ongoing discussions with…
TCS) CEO K Krithivasan (File photo) IT giant TCS encourages the use of artificial intelligence by its employees even if it affects their revenue streams, said its CEO, explaining the advantages of the firm’s approach. He described the adoption of AI as a ‘civilisational shift’.Speaking at the annual NTLF event in Mumbai, Managing Director and…