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AI shock hits IT stocks: Nifty IT posts worst monthly fall in 17 years as sector loses Rs 5.7 lakh crore

The Nifty IT index plunged 19.5% in February, marking its steepest monthly decline in 17 years, as mounting fears of artificial intelligence-led disruption triggered heavy selling across technology services stocks.The fall is the sharpest since September 2008, when the index had dropped nearly 21% during the global financial crisis. The index declined in 12 of…

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After 44 Years, BJP returns to Mumbai mayor’s office: Ritu Tawde set to be elected unopposed; end of Thackeray era in BMC | India News

Sanjay Ghadi and Ritu Tawde (PTI image) NEW DELHI: BJP corporator Ritu Tawde is set to become Mumbai’s next mayor after being elected unopposed, marking the party’s return to the post after 44 years and ending the Shiv Sena’s uninterrupted 25-year hold over the Brihanmumbai Municipal Corporation (BMC).The contest turned uncontested after the Uddhav Thackeray-led…

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