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Indian IT stocks faced a massive selloff, shedding ₹1.75 lakh crore in market value as investor fears grew over AI's potential to disrupt traditional software services.
Redington Limited reports a 16% year-on-year revenue increase to ₹30,959 crore for Q3 FY26, driven by strong growth in its software and cloud solutions segments.
Lloyds Engineering Works reports a 69.5% year-on-year jump in Q3 net profit to ₹61 crore, driven by significant margin expansion despite a marginal revenue increase.
Force Motors reports a remarkable 148% surge in Q2 FY26 net profit to ₹350 crore, driven by strong domestic and export sales growth.
CCL Products reports a record-breaking Q2 with a 52.7% year-on-year revenue increase to ₹1,128.21 crores, driven by strong volume growth and operational efficiency.
Trent Ltd reports a 17% year-on-year rise in standalone revenue to ₹5,220 crore for Q3 FY26, driven by the aggressive store expansion of its Zudio brand.
Apollo Tyres reports a 40% jump in Q3 FY26 net profit, declares a ₹3.50 interim dividend, and approves a ₹5,810 crore capacity expansion plan.
FMCG major Marico has acquired a 60% stake in digital-first wellness brand Cosmix for ₹225.67 crore, valuing the company at ₹375 crore to expand its health portfolio.
Metropolis Healthcare reports a strong 26% year-on-year revenue increase for Q3 FY26, driven by growth in its wellness and specialty testing segments.
The launch of Anthropic's advanced AI plugins for corporate tasks triggered a massive selloff in Indian IT stocks, erasing ₹1.9 lakh crore in market value.
Indian IT stocks plummeted, erasing ₹2 lakh crore in market value, as new AI tools from Anthropic triggered widespread fears of industry disruption and increased competition.
The Nifty IT index plunged over 7% after AI developer Anthropic launched new automation tools, sparking concerns about increased competition for major Indian IT firms.
Indian IT stocks, including Infosys and TCS, fell up to 6% after US-based Anthropic launched new AI tools, sparking fears of disruption to the outsourcing industry.
Indian IT stocks, including Infosys and TCS, plummeted after US-based Anthropic launched new AI tools, erasing ₹1.9 lakh crore in market value amid disruption fears.
Indian IT stocks, including Infosys and Wipro, faced a sharp selloff following the launch of new automation tools by AI developer Anthropic, fueling investor concerns about industry disruption.
Indian IT stocks including Infosys and TCS plunged up to 8 per cent as Anthropic’s new AI automation tools sparked fears of structural disruption in traditional software services.