AI and job losses explained: Why Sam Altman says companies are using 'AI washing' to justify layoffs
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Moneycontrol
AI and job losses explained: Why Sam Altman says companies are using 'AI washing' to justify layoffs
Major firms such as Google, Amazon and Tata Consultancy Services have cut thousands of roles in recent months, often citing efficiency gains from AI adoption.
*📈 Silver ETFs jump over 6%, gold ETFs gain 2% as Trump tariff ruling, softer dollar lift bullion*
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Moneycontrol
Silver ETFs jump over 6%, gold ETFs gain 2% as Trump tariff ruling, softer dollar lift bullion
Silver ETFs rose sharply by as much as 6 percent on Monday, as safe haven demand rose after the United States Supreme Court struck down President Donald Trump's broad tariffs. Gold ETFs also rose by over 2 percent, tracking the underlying bullion prices.
#MarketsWithMC | Adani Ports shares jump 2.5% to top become Nifty gainer today on iron ore MoU with NMDC, Vale Brazil
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Moneycontrol
Adani Ports shares jump 2.5% to top become Nifty gainer today on iron ore MoU with NMDC, Vale Brazil
Adani Ports stock jumped as much as 3.5 percent intraday, after the company announced an MoU with NMDC Ltd and Vale SA to develop an iron ore blending and export ecosystem at Gangavaram Port. The stock has gained nearly 45 percent over the past one year.
*Nifty largecap stocks at 52-week highs, lows today: SBI Life, Bank of Baroda, SBI shine; Wipro, Info Edge sink* 📊
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Moneycontrol
Nifty largecap stocks at 52-week highs, lows today: SBI Life, Bank of Baroda, SBI shine; Wipro, Info Edge sink
IT stocks fell, with Wipro slipping to new 52-week lows amid sustained selling pressure. Among the gainers, SBI Life Insurance stock touched a fresh 52-week high, while Bank of Baroda and State Bank of India also climbed on continuous buying in PSU banking…
Nifty Back Around 25,700 But Midcaps In Red As UPL, IDFC First Dent Sentiment | Closing Bell
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Sensex settles nearly 500 pts higher, Nifty ends above 25,700 amid US tariff relief; IT caps gains
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Moneycontrol
Sensex up 600 pts, Nifty above 25,750: US Supreme Court order on tariffs among key factors behind market rise
US Supreme Court on Friday struck down Trump's sweeping tariffs, which he had pursued under a law intended for use in national emergencies
India sees more options on US trade deal after tariff ruling
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Moneycontrol
India sees more options on US trade deal after tariff ruling
New Delhi is not considering backing away from a bilateral trade agreement with the US struck earlier this month
OpenAI deepens partnerships with consulting giants to push enterprise AI beyond pilot
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Moneycontrol
OpenAI deepens partnerships with consulting giants to push enterprise AI beyond pilot
The company said on Monday it had launched the so-called “Frontier Alliance,” a program built around its new Frontier platform and anchored by BCG, McKinsey, Accenture and Capgemini
US withdraws Beirut embassy staff as Trump warns of ‘really bad things’ over Iran
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Moneycontrol
US withdraws Beirut embassy staff as Trump warns of ‘really bad things’ over Iran
The US State Department is evacuating non-essential staff from its Beirut embassy amid rising Iran tensions, as President Donald Trump boosts military deployments and warns of consequences if nuclear talks fail.
Elon Musk says ‘I agree with the teachings of Jesus’ as post sparks online debate
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Moneycontrol
Elon Musk says ‘I agree with the teachings of Jesus’ as post sparks online debate
Elon Musk sparked online debate after posting “I agree with the teachings of Jesus” on X, prompting praise, scepticism and renewed discussion about the billionaire’s evolving views on faith.
Russian oil exports stay above pre-2022 Ukraine war levels despite sanctions, says report
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Moneycontrol
Russian oil exports stay above pre-2022 Ukraine war levels despite sanctions, says report
Most Russian crude is now directed toward a small group of countries. China, India, and Turkey together accounted for 93 percent of these exports, underscoring a major shift in trade patterns.
Daily Voice: Softer tariffs lift earnings outlook; durability the real test, says Right Horizons' Anil Rego
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Moneycontrol
Daily Voice: Softer tariffs lift earnings outlook; durability the real test, says Right Horizons' Anil Rego
Anil Rego remains constructive on the lending cycle heading into FY27. Recent data indicating 14% growth in the second fortnight of January suggests that credit momentum remains healthy despite macro volatility.
Asian stocks follow US lower, China set to return
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Moneycontrol
Asian stocks follow US lower, China set to return
The MSCI Asia Pacific Index edged down 0.2%, with shares in South Korea — a bellwether for AI investments — falling 0.5%.
Anthropic kicks off share sale for staffers of up to $6 billion
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Moneycontrol
Anthropic kicks off share sale for staffers of up to $6 billion
The company has lined up $5 billion to $6 billion for the share sale, but the final amount will depend on how many eligible Anthropic employees opt to sell
🚨Donald Trump considers new tariffs on batteries, chemicals, telecom gear, says report
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https://www.moneycontrol.com/news/business/donald-trump-considers-new-tariffs-on-batteries-chemicals-telecom-gear-reports-wall-street-journal-13840515.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Donald Trump considers new tariffs on batteries, chemicals, telecom gear, reports Wall Street Journal
These measures would be implemented under Section 232 of the Trade Expansion Act of 1962, which allows the president to levy tariffs on imports deemed a threat to national security.
Cheesecake Factory Bakery launches first India outlet in Bengaluru, eyes Rs 200–250 cr revenue in 5 years
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Moneycontrol
Cheesecake Factory Bakery launches first India outlet in Bengaluru, eyes Rs 200–250 cr revenue in 5 years
The global dessert brand has partnered The Gourmet Cafe for a multi-city rollout, planning 55 outlets as the premium café segment gains traction.
#Business | $500-million boost for India shipbuilding as Cochin Shipyard, HD Hyundai Group advance JV talks: Report
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https://www.moneycontrol.com/news/business/500-million-boost-for-india-shipbuilding-as-cochin-shipyard-hd-hyundai-group-advance-jv-talks-report-13840606.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
$500-million boost for India shipbuilding as Cochin Shipyard, HD Hyundai Group advance JV talks: Report
The agreement is expected in the second half of 2026
#MarketsWithMC | Gokaldas Exports, Arvind, other textile stocks fall up to 6% as RoDTEP incentive cut by 50%
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Moneycontrol
Gokaldas Exports, Arvind, other textile stocks fall up to 6% as RoDTEP incentive cut by 50%
With immediate effect, the DGFT said the applicable RoDTEP rates shall be limited to 50% of the existing rates
#MarketsWithMC | IBM share price falls 13% as Anthropic says Claude can streamline COBOL code: Why did it trigger crash among Indian IT stocks?
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https://www.moneycontrol.com/news/business/markets/ibm-falls-13-as-anthropic-says-claude-can-streamline-cobol-code-why-did-it-trigger-crash-among-indian-it-stocks-13840759.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
IBM falls 13% as Anthropic says Claude can streamline COBOL code: Why did it trigger crash among Indian IT stocks?
COBOL remains a critical language for many Indian IT companies, particularly those supporting global banking, insurance, and retail systems
#MarketsWithMC | Sensex down 900 pts, Nifty near 25,450: IT sell-off among key factors behind market decline
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https://www.moneycontrol.com/news/business/markets/sensex-down-650-pts-nifty-near-25-500-it-sell-off-among-key-factors-behind-market-decline-13840604.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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Moneycontrol
Sensex settles 1,000 pts lower, Nifty ends below 25,450: Massive IT sell-off among five key factors behind market crash
Sensex, Nifty declined on renewed uncertainty around Trump's tariff policy, while IT stocks declined on persistent fears of AI-driven disruption.
#MarketsWithMC | Real estate stocks fall on IT sector worries; Nifty Realty index down 1.5%, ‘Best is behind us’, says expert
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https://www.moneycontrol.com/news/business/stocks/real-estate-stocks-fall-on-it-sector-worries-nifty-realty-index-down-1-5-best-is-behind-us-says-expert-13840956.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
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https://www.moneycontrol.com/news/business/stocks/real-estate-stocks-fall-on-it-sector-worries-nifty-realty-index-down-1-5-best-is-behind-us-says-expert-13840956.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
Real estate stocks fall on IT sector worries; Nifty Realty index down 1.5%, ‘Best is behind us’, says expert
The sell-off in realty shares comes alongside a sharp decline in IT stocks, which have been hit by fears of artificial intelligence-led disruption after recent claims by Anthropic on automating legacy software modernisation.