Shiv Nadar, Azim Premji lose $12 billion as IT stocks sink in tariff-driven selloff

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Shiv Nadar, the founder of HCL Technologies and last year’s top wealth gainer among Indian billionaires, has taken the biggest hit. His fortune has plunged by $8.5 billion to $34.6 billion, while Azim Premji’s net worth has dropped by $3.5 billion to $27.4 billion, according to the Bloomberg Billionaires Index.

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