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The market ended on a weak note this week, weighed down by the sharp fall in IT stocks, which wiped out nearly Rs 3,000 crore from the IT index, and the benchmark index also fell. The Sensex and Nifty fell about 1% for the week, with the Nifty IT index posting its steepest decline in a year.
Despite heightened volatility in the sector, industry experts say AI-driven adjustments may be overkill, sparking a broader discussion on how disruptive artificial intelligence could be for India’s IT services companies, and Vishal Sikka also addressed the topic, as Microsoft’s head of AI warns that risks of automation in white-collar roles could accelerate.
Globally, artificial intelligence giant Anthropic’s valuation has soared to $380 billion, increasing competition from OpenAI and other tech giants. Corporate development remains in focus, with Siemens outlining plans for bolt-on acquisitions to expand its software and digital capabilities.
At home, the government conducted a Rs 75,500-crore G-sec switch auction with the Reserve Bank of India, while the central bank proposed stricter exposure norms for banks lending to REITs. Changes in politics and policy also shaped the week’s headlines, from the impact of the Bangladesh election to changes to US climate regulations under President Donald Trump.
300,000 rupees disappeared from index due to IT carnage. Sensex, Nifty fall as global unrest deepens – Key factors
Indian stocks ended the week in the deep red as nearly 300,000 rupees of market capitalization was wiped out of the index, weighed down by a heavy sell-off in information technology stocks.
The Sensex and Nifty each fell about 1% for the week, while the Nifty IT index fell 8%, its biggest weekly decline in a year. Five of the six biggest losers on Nifty were IT giants including Infosys, TCS, HCLTech, Wipro and Tech Mahindra.
Also read: Edelweiss AMC CIO says AI-led IT downturn may be overdone and it’s not time to exit
Anthropic reaches $380 billion valuation as competition from OpenAI intensifies
https://www.youtube.com/watch?v=Lpdv5mx9l4g
Artificial intelligence company Anthropic has announced that it is now valued at $380 billion, cementing its place alongside rivals OpenAI and Elon Musk’s SpaceX among the world’s three most valuable startups, with investors waiting to see if they go public on Wall Street this year.
Also read: How serious are AI risks for Indian IT services companies? Vishal Sikka explains
How serious are AI risks for Indian IT services companies? Vishal Sikka explains
https://youtu.be/aPR-g9ywsTw?si=O4pZcBV2GUCGbru3
According to Vishal Sikka, founder and CEO of Vianai and former CEO of Infosys, artificial intelligence (AI) could start impacting Indian IT services companies by changing the way certain types of enterprise operations are delivered, especially tasks that are repetitive and prescriptive in nature.
Also read: Microsoft AI chief warns most white-collar jobs could be automated within 18 months
Siemens is considering ‘bolt-on’ acquisitions in 2026 to expand software and digital twin technology, CEO says
https://www.youtube.com/watch?v=tszFnEKgV78
In an exclusive interview with CNBC-TV18, Siemens CEO Roland Busch highlighted the company’s strong momentum at the beginning of the 2025 fiscal year, supported by a huge order book of 117 billion euros and a solid order growth of 10%.
Government buys ₹75,505 cr G-sec from RBI in switch auction
https://youtu.be/fVcEpj944RQ?si=etOwRXOyuXoIy6ih
The Government of India on Thursday, February 12, bought back government securities (G-secs) worth Rs 75,504.43 billion and issued bonds worth Rs 69,436.15 billion from the Reserve Bank of India (RBI) through a switch auction.
Also read: RBI proposes 10% exposure limit on bank loans to REITs
2026 Bangladesh general election results: Sheikh Hasina claims voting is unconstitutional, Yunus welcomes power transition
https://www.youtube.com/watch?v=VgDwTZWLfdk&pp=0gcJCYcKAYcqIYzv
The BNP won Bangladesh’s first general election after the uprising, with Tarique Rahman pledging reforms. Sheikh Hasina rejected New Delhi’s results. Muhammad Yunus and international leaders welcomed the results.
Government needs to implement new public sector enterprise policy without delay: Parpanel
A parliamentary committee on Thursday stressed the need to implement new public sector enterprises (PSE) policies without delay to achieve the desired goal of fiscal consolidation.
PM Modi transfers PMO to Seva Teeth Complex for the first time since independence | In photos
https://www.youtube.com/watch?v=AsWsUvFPfYs
Prime Minister Narendra Modi on Friday inaugurated a new integrated complex, Seva Tias, which will house the prime minister’s official residence, marking the first relocation since independence. The government said the move will move India’s most powerful platform to a modern facility designed to consolidate executive functions and improve efficiency.
DP World CEO resigns, investors suspend trading after Jeffrey Epstein emails surface
Sultan Ahmed bin Sulayem has resigned as chairman and chief executive officer of DP World after emails between him and convicted sex offender Jeffrey Epstein were released by the US Department of Justice, sparking investor anxiety and prompting a swift management shake-up at the Dubai-based logistics group.
Also read: Epstein file aftermath: Goldman Sachs’ Kathryn Ruemmler resigns after discovery of ‘extensive relationships’
President Trump rescinds U.S. climate change regulations and scraps vehicle emissions standards
https://www.youtube.com/watch?v=SqWjJmIWVYA
President Donald Trump’s administration announced Thursday that it would repeal scientific findings that greenhouse gas emissions endanger human health and eliminate federal tailpipe emissions standards for cars and trucks.
See you on Monday for another fascinating “Top 10@10”
