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‘This is a market overreaction’: Tech Mahindra CEO Mohit Joshi on Anthropic AI threat to Indian IT firms

‘This is a market overreaction’: Tech Mahindra CEO Mohit Joshi on Anthropic AI threat to Indian IT firms

Feb 04, 2026, 09:03 PM IST

Mohit Joshi, CEO and managing director of Tech Mahindra, has dismissed fears around Anthropic’s new AI tool, calling the sharp sell-off in IT stocks a market overreaction. He said artificial intelligence represents a technology shift that will ultimately act as a tailwind for IT services and software companies rather than replace them.

AI Panic Or Market Overreaction? Tech Mahindra CEO Mohit Joshi On Tech Stock Sell-Off

AI Panic Or Market Overreaction? Tech Mahindra CEO Mohit Joshi On Tech Stock Sell-Off

Feb 05, 2026, 12:30 PM IST

From the World Government Summit in Dubai, Business Today Group Editor Siddharth Zarabi speaks with Mohit Joshi, CEO & MD of Tech Mahindra, on the sharp sell-off in global technology stocks triggered by fresh developments in artificial intelligence. As fears rise over AI platforms like Anthropic disrupting traditional IT services and SaaS models, Mohit Joshi calls the market reaction an overcorrection, arguing that AI remains a powerful tailwind rather than a threat. He explains why legacy systems, complex enterprise estates, cloud migration and data modernisation will continue to drive demand for human expertise and IT services. The conversation also explores global economic sentiment, the Middle East’s growth story, the India–US trade agreement, talent mobility, and how the global delivery model of Indian IT firms is evolving. A must-watch discussion on AI, markets, and the future of the technology services industry.

WGS 2026: Tech Mahindra’s Mohit Joshi says ambition for AI should be beyond corporate productivity

WGS 2026: Tech Mahindra’s Mohit Joshi says ambition for AI should be beyond corporate productivity

Feb 04, 2026, 07:33 PM IST

During a panel titled "Are Governments Building Systems or Buying Products?", Tech Mahindra CEO Mohit Joshi argued that people are "missing the picture" with their ambitions with AI.

5 stocks that contributed 65% of incremental Nifty EPS in Q3; do you own any?

5 stocks that contributed 65% of incremental Nifty EPS in Q3; do you own any?

Feb 04, 2026, 03:19 PM IST

Despite positive index returns over the past year, Nifty50 earnings expectations are moving in the opposite direction, with select names contributing to nearly two-third of gains.

Top 5 IT stocks lose Rs 1.8 lakh cr in m-cap: Mayuresh Joshi on what’s bothering investors

Top 5 IT stocks lose Rs 1.8 lakh cr in m-cap: Mayuresh Joshi on what’s bothering investors

Feb 04, 2026, 01:35 PM IST

Data showed that the top five IT firms by market capitalisation, Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd, lost Rs 1.78 crore in market value by 1.30 pm.

IT stocks on a roll as India-US trade deal boosts market sentiment; check top gainers

IT stocks on a roll as India-US trade deal boosts market sentiment; check top gainers

Feb 03, 2026, 11:13 AM IST

India-US trade deal: The BSE IT index surged 1,993 pts to 38,598 today against the previous close of 36,605. 

Wipro, Infosys, TCS: IT stocks in focus  today on India-US tariff cuts

Wipro, Infosys, TCS: IT stocks in focus today on India-US tariff cuts

Feb 03, 2026, 08:58 AM IST

IT stocks, impacted by subdued quarterly earnings, could be the major beneficiaries of the tariff cut move today. 

Union Budget 2026: TCS, Infosys, other IT shares sole gainers amid market crash today; here's why 

Union Budget 2026: TCS, Infosys, other IT shares sole gainers amid market crash today; here's why 

Feb 01, 2026, 04:55 PM IST

Union Budget 2026: Shares of TCS and Infosys were the top Sensex gainers today even as the 30-stock index tanked 1,547 pts to 80,722.  The 50-stock Nifty tanked 495.20 pts to 24,825.  

TCS, HCL Tech, Tech Mahindra, Infosys: IT stocks tumble ahead of Union Budget; here's why  

TCS, HCL Tech, Tech Mahindra, Infosys: IT stocks tumble ahead of Union Budget; here's why  

Jan 30, 2026, 04:23 PM IST

HCL Technologies (1.55%), Tech Mahindra (1.29%) and Infosys (1.05%) were among the top losers on Sensex today.

Sensex settles 221 pts higher, Nifty above 25,400 after Economic Survey; what’s next?

Sensex settles 221 pts higher, Nifty above 25,400 after Economic Survey; what’s next?

Jan 29, 2026, 03:50 PM IST

In the Sensex index, shares of State Bank of India (SBI), Tata Steel and Tech Mahindra of India hit their fresh 52-week high.

Sensex, Nifty close higher on India-EU trade deal; midcaps, smallcaps sink 

Sensex, Nifty close higher on India-EU trade deal; midcaps, smallcaps sink 

Jan 27, 2026, 04:04 PM IST

Sensex rose 320 points to 81,857 and Nifty gained 127 points to 25,175. Despite today's rally, Sensex has lost 3.91% and Nifty has fallen 3.71% in 2026.