Slowdown in IT sector not just due to AI, Trump tariffs: Sridhar Vembu

IANS | April 18, 2025 10:53 AM

New Delhi, April 18 (IANS) The slowdown seen in the quarterly results by India's information technology (IT) companies is not just a result of disruption due to artificial intelligence (AI) and Donald Trump’s reciprocal tariffs but also inefficiency in products and services of the broader software industry, Zoho founder Sridhar Vembu said on Friday.

BluSmart’s parent firm Gensol shares crash 90 pc as SEBI exposes mega fraud

IANS | April 17, 2025 3:00 PM

New Delhi, April 17 (IANS) The stock of Gensol Engineering Limited, the parent company of EV maker BluSmart, crashed another 5 per cent on Thursday, taking the total fall to nearly 90 per cent from the 52-week high of Rs 1,124.90 after a massive fraud was exposed by the capital markets regulator.