India's IT Stocks Hold Steady Amid Middle East Conflict; Advances in EV and Digital Currency
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India's IT Stocks Hold Steady Amid Middle East Conflict; Advances in EV and Digital Currency

India's IT stocks have shown resilience amid the ongoing Middle East conflict, with the Nifty IT index slipping only about 1% and even rallying against broader market declines. This stability is partly attributed to a weakening rupee benefiting exporters. Meanwhile, Anthropic's CEO criticized OpenAI over military collaborations and alleged political retaliation. Separately, India is advancing its EV infrastructure under the PM E-Drive scheme and exploring linking its digital currency with the UAE's for faster remittances. Illegal offshore betting platforms remain accessible despite bans, and tech hiring shows early recovery signs.

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