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India's top IT companies are changing how they hire. They are bringing in more fresh graduates and giving them AI tools. Middle managers are being reduced. This move aims to control costs and improve efficiency. Companies are focusing on productivity growth. Revenue per employee is increasing. This
Tech Mahindra is acquiring an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million. This strategic move aims to bolster Tech Mahindra's BFSI sector capabilities, particularly in payments modernization and wealth platforms. The acquisition is expected to be finalized
Meta Platforms has raised $25 billion through bond sales to boost its artificial intelligence infrastructure. This move follows a significant $30 billion sale last year. The company is increasing its capital expenditure forecast for 2026. Meta is also scaling back its metaverse business and planning
Huawei anticipates a significant surge in its AI chip revenue, projecting a 60% increase this year. This growth is driven by strong demand from Chinese companies. The tech giant expects its chip revenue to reach approximately $12 billion this year, a substantial rise from previous figures.
Amazon Web Services anticipates several months to restore cloud operations in Bahrain and the UAE following Iranian drone strikes in early March. The attacks disrupted services, prompting AWS to advise customers to migrate resources and restore from backups.
Cybersecurity giant Palo Alto Networks is acquiring AI infrastructure startup Portkey to bolster its defences for autonomous AI systems. This move aims to provide enterprises with a centralised control plane for managing and securing AI agents. The acquisition is expected to close in Palo Alto Netwo
Sandisk has reported a significant surge in revenue and profit. The company has secured long-term contracts worth at least $42 billion. This move aims to stabilize its business against price fluctuations. Sandisk also plans a substantial $6 billion share buyback program.
Voice assistants that engage in back-and-forth communication are something you’ve likely experienced. But a voice assistant that provides rational, uninterrupted exchanges via spoken dialogue? That’s what xAI delivered with their Grok Voice Think Fast 1.0 in April 2026 and instantly, it became the t
Elon Musk spars with OpenAI attorney in trial over company's evolution from a nonprofit
Elon Musk is in court battling Sam Altman's lawyer over his lawsuit against OpenAI. Musk claims the AI company abandoned its nonprofit mission for profit. He seeks massive damages and a return to its original structure. OpenAI argues Musk is motivated by control and bitterness. The trial is ongoing
Anthropic has launched Claude Security in public beta, an AI-powered tool for enterprise security teams to scan codebases for vulnerabilities and generate patches. Powered by Claude Opus 4.7, the product reasons through code like a human researcher, tracing data flows and mapping component interacti
Electric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its stringent eligibility criteria favor established players. EV-first companies, despite leading in technology and localization, are excluded, facing a significant cost d
Meta Platforms experienced a slight decline of 20 million daily active users across its social media platforms in Q1 CY 2026, marking a break in its growth streak. While external factors were cited, the dip may signal user saturation or dissatisfaction as the company heavily invests in AI and infras
Karnataka plans to establish 1,000 MW data parks in Bengaluru, Mysuru, and Mangaluru to boost industrial growth with green digital infrastructure. A 500 MW facility near Bengaluru will utilize solar power and treated water, while Mangaluru will see a park on 350 acres. The state will ensure power an
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