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'Adopting AI is essential — there's no room for delay'

Financial Express Kochi

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February 18, 2026

Anthropic's new AI tool triggered a selloff in Indian IT stocks due to fears about Al's power to undercut traditional IT services.

- • MIHIR SHUKLA, CO-FOUNDER, CHAIRMAN & CEO, AUTOMATION ANYWHERE

“IT services companies are already transforming — smaller firms can pivot faster than larger ones, but rapid change is imperative for all,” said Mihir Shukla, co-founder, chairman and CEO of Automation Anywhere, a San Jose, California-based software company that specialises in Al-powered robotic process automation.With deep expertise in global processes, India's GCCs are well positioned to lead AI and automation initiatives, he told Sudhir Chowdhary at the India AI Impact Summit. Excerpts:

Do you see the ongoing AI shift has something bigger than the industrial revolution?

MEER VERHALEN VAN Financial Express Kochi

Financial Express Kochi

Urban consumption rises in Q3, rural sector slips

WHILE URBAN SPENDING growth picked up to a seven-quarter high of 8% in the three months to December 2025, the rate of expansion of rural consumption slipped to 5.3%, data from a CLSA report show.

time to read

1 min

March 05, 2026

Financial Express Kochi

Expanded metro list for HRA adds shine to old tax regime

FOR MANY SALARIED taxpayers, especially those residing in high-rent cities, the ability to claim house rent allowance (HRA) exemption often determines whether the old regime results in lower tax outgo compared to the concessional new regime.

time to read

2 mins

March 05, 2026

Financial Express Kochi

AI founders in India more cost efficient: Bessemer

US HAS MORE RESEARCH-LED AI FIRMS, INDIA SERVICES-ORIENTED, IT SAYS

time to read

2 mins

March 05, 2026

Financial Express Kochi

More entities aim to raise funds through GIFT City unit

MORE ENTITIES ARE exploring fundraising opportunities through Gujarat International Finance Tec-City (GIFT City) treasury centres to benefit from the tax advantage. Certain companies are also in discussions to set up treasury centres in GIFT City to capitalise on this opportunity.

time to read

1 mins

March 05, 2026

Financial Express Kochi

IFSC cuts filing fees for retail & ETF schemes by 33%

THE INTERNATIONAL FINANCIAL Services Centre Authority (IFSCA) has reduced the rates for filing of retail and ETF schemes by 33% from the new financial year 2026-27.

time to read

1 min

March 05, 2026

Financial Express Kochi

Polymarket, Kalshi's Iran war wagers are ghoulish

AS BAD BEHAVIOUR in finance goes, the idea of insiders betting on the US and Israel attacking Iran is about as appalling as it gets.

time to read

3 mins

March 05, 2026

Financial Express Kochi

AI revenues of $10-12 bn within reach of IT firms

Analysts say achieving the target hinges on net-new spending and clearer definitions

time to read

2 mins

March 05, 2026

Financial Express Kochi

Building responsible universities in age of AI

REDESIGNING ASSESSMENTS FORAI ADOPTION

time to read

1 mins

March 05, 2026

Financial Express Kochi

New era of UK education in India

BEYOND SOUTHAMPTON: EIGHT MORE UK UNIVERSITIES OPENING CAMPUSES

time to read

2 mins

March 05, 2026

Financial Express Kochi

SpaceX to add Citi to IPO bank lineup

SPACEX HAS ADDED Citigroup to the banks leading its initial public offering, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite company moves closer to a blockbuster debut.

time to read

1 min

March 05, 2026

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