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What is the story about?
A brutal global technology sell-off has erased over $1 trillion in market value, with software heavyweights such as Salesforce, Adobe Inc. and ServiceNow among the worst hit as AI disruption fears intensify.
The tremors reached Dalal Street, where the Nifty IT index plunged over 5%, wiping out ₹1.6 lakh crore in market capitalisation and dragging Tata Consultancy Services below the ₹10 lakh crore mark for the first time in over five years.
Industry veterans, however, argue that fears of AI-led displacement may be overstated.
On the macro front, retail inflation inched up to 2.75% in January, the first print under the new FY24-base series.
Meanwhile, SoftBank Group swung back to profit on a $4.2 billion OpenAI gain, even as political and trade tensions simmer globally.
TCS, Infosys, Wipro shares slide as AI fears drag Nifty IT down over 5%
The Nifty IT index dipped over 5% on February 12, gripped by a fresh wave of anxiety that artificial intelligence could disrupt traditional software and IT services businesses.
Read More Here
TCS market cap slips below ₹10 lakh crore for the first time after December 2020
Shares of Tata Consultancy Services Ltd. (TCS) fell as much as 5% on Thursday, February 12, in-line with the sell-off seen in IT and software-related companies worldwide.
Read More Here
January inflation at 2.75%: economists flag food risks, RBI likely to stay on pause
India’s retail inflation, measured by the Consumer Price Index (CPI), came in at 2.75% in January 2026 under the new base year (FY24).
Read More Here
India clears purchase of 114 Rafale, six P8I Poseidon aircraft
The Defence Acquisition Council (DAC) cleared the purchase of 114 Rafale Multi Role Fighter Aircraft and six P8I Poseidon aircraft on Thursday, February 12, sources told CNBC-TV18.
Read More Here
HUL Q3 Results: Stock falls 5%, drags Nifty 50 down, after topline miss
India's largest FMCG company, Hindustan Unilever Ltd. reported its December quarter results on Thursday, February 12, largely in-line with muted expectations. Underlying volume growth came in at 4%, higher than the CNBC-TV18 poll estimate of 2% to 3%.
Read More Here
India to get same yarn, cotton benefits as Bangladesh in US trade deal: Goyal
Commerce and industry minister Piyush Goyal on Thursday (February 12) said the proposed US trade deal would not hurt India’s textile and farm sectors, citing the scale of India’s exports.
Read More Here
Bangladesh elections see muted turnout; 3 injured in poll centre bomb blast
Voting for Bangladesh’s 13th general elections concluded at 4.30 pm (Bangladesh time) on Thursday, February 12, with voter turnout recorded at 47.91% as of 2 pm, the country's Election Commission (EC) Senior Secretary Akhtar Ahmed said.
Read More Here
SoftBank's profit drop amid WeWork worries, Sprint approval
Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork.
Read More Here
US House votes to slap back Trump's tariffs on Canada in rare bipartisan rebuke
The House voted Wednesday to slap back at President Donald Trump’s tariffs on Canada, a rare, if largely symbolic, rebuke of the White House agenda as Republicans joined Democrats over the objections of GOP leadership.
Read More Here
Slew Of high-profile researchers quit from AI companies
A wave of top AI researchers has been leaving major artificial intelligence companies raising eyebrows across the tech world.
We'll see you on Friday with another engaging 'Top 10@10’
The tremors reached Dalal Street, where the Nifty IT index plunged over 5%, wiping out ₹1.6 lakh crore in market capitalisation and dragging Tata Consultancy Services below the ₹10 lakh crore mark for the first time in over five years.
Industry veterans, however, argue that fears of AI-led displacement may be overstated.
On the macro front, retail inflation inched up to 2.75% in January, the first print under the new FY24-base series.
Meanwhile, SoftBank Group swung back to profit on a $4.2 billion OpenAI gain, even as political and trade tensions simmer globally.
TCS, Infosys, Wipro shares slide as AI fears drag Nifty IT down over 5%
The Nifty IT index dipped over 5% on February 12, gripped by a fresh wave of anxiety that artificial intelligence could disrupt traditional software and IT services businesses.
Read More Here
TCS market cap slips below ₹10 lakh crore for the first time after December 2020
Shares of Tata Consultancy Services Ltd. (TCS) fell as much as 5% on Thursday, February 12, in-line with the sell-off seen in IT and software-related companies worldwide.
Read More Here
January inflation at 2.75%: economists flag food risks, RBI likely to stay on pause
India’s retail inflation, measured by the Consumer Price Index (CPI), came in at 2.75% in January 2026 under the new base year (FY24).
Read More Here
India clears purchase of 114 Rafale, six P8I Poseidon aircraft
The Defence Acquisition Council (DAC) cleared the purchase of 114 Rafale Multi Role Fighter Aircraft and six P8I Poseidon aircraft on Thursday, February 12, sources told CNBC-TV18.
Read More Here
HUL Q3 Results: Stock falls 5%, drags Nifty 50 down, after topline miss
India's largest FMCG company, Hindustan Unilever Ltd. reported its December quarter results on Thursday, February 12, largely in-line with muted expectations. Underlying volume growth came in at 4%, higher than the CNBC-TV18 poll estimate of 2% to 3%.
Read More Here
India to get same yarn, cotton benefits as Bangladesh in US trade deal: Goyal
Commerce and industry minister Piyush Goyal on Thursday (February 12) said the proposed US trade deal would not hurt India’s textile and farm sectors, citing the scale of India’s exports.
Read More Here
Bangladesh elections see muted turnout; 3 injured in poll centre bomb blast
Voting for Bangladesh’s 13th general elections concluded at 4.30 pm (Bangladesh time) on Thursday, February 12, with voter turnout recorded at 47.91% as of 2 pm, the country's Election Commission (EC) Senior Secretary Akhtar Ahmed said.
Read More Here
SoftBank's profit drop amid WeWork worries, Sprint approval
Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork.
Read More Here
US House votes to slap back Trump's tariffs on Canada in rare bipartisan rebuke
The House voted Wednesday to slap back at President Donald Trump’s tariffs on Canada, a rare, if largely symbolic, rebuke of the White House agenda as Republicans joined Democrats over the objections of GOP leadership.
Read More Here
Slew Of high-profile researchers quit from AI companies
A wave of top AI researchers has been leaving major artificial intelligence companies raising eyebrows across the tech world.
We'll see you on Friday with another engaging 'Top 10@10’
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