$50B of Indian IT services market value was eroded in the last 30 days. The Citrini article predicts it will collapse even more.
Niftya IT index: -15%
Wipro: -25%
Infosys: -25%
TCS: -17%
Cognizant: -24%
HCL: -17%
Accenture: -25%
Capgemini: -30%
LTI Mindtree: -25%
TechMahindra: -18%
Mphasis: -20%
Palantir claims it can compress complex SAP ERP migrations (ECC to S4) from years to 2 weeks. GCCs (companies owning their own offshore IT departments in India) with Claude Cowork are far more ecomical than multi year IT services contracts. I do think the 18% rupee collapse is exaggerated though.
The IT services business model absolutely breaks at the current capability of AI tooling, and its ~10% of Indian GDP.
ICC has hired US based consulting giant McKinsey & Company to review the future of cricket, including franchise windows and how all the 3 formats can coexist.
Via Code Sports AU
Ankit has mentioned that he was told to GIVE IN WRITING TO NOT ESCALATE THE matter or he won't be allowed to FLY!!
WHAT on earth is this GOONDARAJ!??? @AirIndiaX@DGCAIndia@MoCA_GoI@RamMNK
He is there with his family going to a vacation which turned into a nightmare for his entire family.
The permanent termination of the Pilot needs to come on a letterhead.
His license must be cancelled and communicated in clear words!!!
#AirIndiaExpress
So Semaglutide goes off-patent in India next year and the generics are already lined up. From what I understand Natco pharma will be first off the block. They were first-to-file. Dr. Reddy's will be next or Alkem I think. Prices are expected to fall to 500-1000 (~$6-$12per month). Even at current prices Munjuro is doing 100Cr+ a month. Imagine what happens when this is affordable to almost 50-100mn people.
This is going to be such a change maker for this society. Expect so much to change.
@shantanugoel@ku1deep Two different jobs: look good vs. be healthy. Working out is painful, so people who just want to look good drop off and find easy ways out. Kinda a Zeptos of the fitness world.
Also, wedding packages "LOSE WEIGHT BEFORE MARRIAGE" are done. Same with clothing brands, food.