Foreign institutional investors (FIIs) are fleeing India’s tech sector at an alarming rate, unconvinced that software services giants can survive the AI disruption that threatens to erode their business models. FIIs withdrew Rs 10,956 crore from Indian IT stocks in the first two weeks of February after the launch of new models from Claude and […]
The S&P 500 and the Dow Jones hit record highs on Monday, with shares of technology companies and retailer Walmart rising and investors largely brushing aside concerns about the Justice Department’s criminal investigation into Federal Reserve Chairman Jerome Powell. Shares of Walmart rose 3%, boosting the S&P 500 and the Nasdaq, where the retail giant […]