Citigroup acquired over 8.61 crore shares in Ola Electric for Rs 435 crore as Hyundai and Kia exited. The block deal triggered a sharp 8% drop in share price amid poor earnings.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also