Nifty IT hits four-month low amid AI, US Fed rate cut concerns Business News & more related News Here
Shares of Indian software exporters fell more than 4% on Thursday, extending losses for the week, as persistent fears of AI-led disruption and reduced expectations of a near-term rate cut by the US Federal Reserve weighed on sentiment. The rise of Anthropic’s AI tools threatens to upend the labour-intensive business model of the Indian IT…