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'AI is a survival tool, not just for productivity'

Financial Express Delhi

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March 14, 2026

The AI disruption has rattled the global tech sector, with software and services stocks taking a sharp hit in recent months.

VK Mathews, founder & chairman of IBS Software Services — an enterprise SaaS company whose clients include Emirates, Singapore Airlines, Lufthansa, and Delta, and which holds over 50% of the global air freight software market — speaks to Anees Hussain about what this means for Indian IT and his own business. Excerpts:

Software and services stocks have taken a beating globally. Is this the beginning of the end for Indian IT services?

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Financial Express Delhi

Google should share data with rivals: EU

THE EUROPEAN COMMISSION has proposed that Google allow third-party search engines to access its search data, including that of artificial intelligence chatbots with search functionalities, to comply with the Digital Markets Act, the commission said on Thursday.

time to read

1 min

April 17, 2026

Financial Express Delhi

Hiring at Wipro stays subdued; attrition falls

WIPRO'S HEADCOUNT REMAINED largely flat on a sequential basis in the fourth quarter (Q4) of the 2025-26 fiscal year, inching up 0.56%.

time to read

2 mins

April 17, 2026

Financial Express Delhi

'Don't expect disruption over distribution costs'

HDFC Life Insurance reported a 6% increase in standalone net profit for FY26 at ₹1,910 crore, with GST changes and surrender norms impacting profits and business margins.

time to read

2 mins

April 17, 2026

Financial Express Delhi

Buyouts gain pace as PE investors seek control

PRIVATE EQUITY INVESTORS in India are increasingly favouring buyouts as they seek greater control and operational influence, driving a sharp rise in both deal value and volume.

time to read

2 mins

April 17, 2026

Financial Express Delhi

Europe has ‘6 weeks of jet fuel left’: IEA

EUROPE HAS \"MAYBE 6 weeks or so (of) jet fuel left,'the head of the International Energy Agency (IEA) said Thursday, warning of possible flight cancellations “soon” if oil supplies remain blocked by the Iran war.

time to read

1 min

April 17, 2026

Financial Express Delhi

Move at ‘light speed’: Musk to suppliers on chipmaking plan

ELON MUSK'S LIEUTENANTS have reached out to chip industry suppliers including Applied Materials, Tokyo Electron and Lam Research for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips.

time to read

1 mins

April 17, 2026

Financial Express Delhi

Cost-led rally in metals despite weak demand

A SHARP SPIKE in coal and iron ore costs is rippling through the global metals chain, triggering a cost-led rally in aluminium and steel even as demand fundamentals remain weak, highlighting a widening disconnect between prices and underlying demand.

time to read

2 mins

April 17, 2026

Financial Express Delhi

HDFC AMC posts 16% rise in FY26 net profit

HDFC AMC ON Thursday reported a 16% rise in its net profit for FY26 to %2,859 crore.

time to read

1 min

April 17, 2026

Financial Express Delhi

Wipro clears ₹15,000-crore share buyback

THE BUYBACK WILL be undertaken from existing shareholders on the record date on a proportionate basis, in line with the Securities and Exchange Board of India’s Buy-Back of Securities Regulations, 2018, and the Companies Act, 2013.

time to read

1 mins

April 17, 2026

Financial Express Delhi

Niti Aayog meeting to focus on human capital

THE NITI AAYOG Governing Council, chaired by Prime Minister Narendra Modi, may meet in June to chart a road map to strengthen India’s human capital, with a sharp focus on education, skilling, and future-ready jobs.

time to read

1 mins

April 17, 2026

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