{"id":995289,"date":"2026-02-27T09:35:25","date_gmt":"2026-02-27T04:05:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=995289"},"modified":"2026-02-27T10:39:47","modified_gmt":"2026-02-27T05:09:47","slug":"ai-fears-shake-indias-it-giants-as-hard-truths-hit-software-industry-47-billion-wiped-off","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/27\/ai-fears-shake-indias-it-giants-as-hard-truths-hit-software-industry-47-billion-wiped-off\/","title":{"rendered":"AI fears shake India\u2019s IT giants as hard truths hit software industry, $47 billion wiped off"},"content":{"rendered":"<p>India\u2019s world-beating software services industry has been rocked by a stock market rout, with almost $47 billion wiped off valuations in the last few weeks amid mounting fears that fast-evolving artificial-intelligence tools could dramatically slash the amount of work outsourced by global clients. <\/p>\n<p>This week, the pressure intensified after brokerage firm Jefferies released a bearish report warning that six leading companies \u2013 Infosys, TCS, HCL, LTIMindtree, Mphasis and Hexaware Technologies \u2013 could be hit by AI\u2019s rapidly advancing capabilities. Jefferies suggested shares could fall by up to 33 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s world-beating software services industry has been rocked by a stock market rout, with almost $47 billion wiped off valuations in the last few weeks amid mounting fears that fast-evolving artificial-intelligence tools could dramatically slash the amount of work outsourced by global clients. This week, the pressure intensified after brokerage firm Jefferies released a bearish report warning that six leading companies \u2013 Infosys, TCS, HCL, LTIMindtree, Mphasis and Hexaware Technologies \u2013 could be hit by AI\u2019s rapidly advancing capabilities. Jefferies suggested shares could fall by up to 33 per cent.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83,4,22],"tags":[],"class_list":["post-995289","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/995289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=995289"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/995289\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=995289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=995289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=995289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}