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Global software and IT stocks suffered a sharp selloff after Anthropic unveiled new AI tools capable of automating legal, sales, marketing and data analysis tasks. Fears that AI may replacerather than supportsoftware firms triggered what analysts call a SaaSpocalypse, wiping out billions in market value across the US, Europe and India.
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The social media platform recently announced that it was axing around 15% of its workforce.
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Waaree Energies' shares surged following a US-India trade deal easing tariffs, boosting export prospects. The company also reported strong Q3 results, exceeding Ebitda guidance and expanding its order book. Strategic backward integration and diversification into BESS and green hydrogen further underpin its growth trajectory.
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