Foxconn Singapore has increased its holding in its Indian arm Foxconn Hon Hai Technology India Mega Development Ltd, after a $37.2 million investment took ownership to 99.9%. The move comes as part of Foxconn's ambitious expansion strategy in India and its "3+3+3" framework.
Anthropic has accused Chinese tech giant Alibaba of launching the biggest known AI ‘distillation attack’ to illegally strip the capabilities from their Claude AI model. The AI startup said that operators affiliated to Alibaba had deployed thousands of false accounts to mimic Claude’s reasoning.
Apple has raised the pricing of its Macs, iPads, Apple TV and HomePod gadgets substantially in India as global DRAM and NAND memory prices climb, but kept the iPhone price unchanged. Apple’s price hikes are affecting products across the company’s range with some models 89% higher.
Now that Instagram is available on Samsung Smart TVs in the US, Indian marketing and media luminaries are debating what it means for the television industry. Experts feel that if Instagram TV is released in India, then it can blur the barrier between social media and traditional television.
Amazon’s long-term focus on India is renewed and the company aims to invest $48 billion from 2026 to 2030, CEO Andy Jassy said during a meeting with Prime Minister Narendra Modi.
India is set to approve a $370 million investment by Horse Powertrain, a hybrid-engine business funded by Geely, Renault and Saudi Aramco, in what would be one of the largest Chinese-linked industrial ventures since India loosened investment regulations for nearby nations.
The BHIM Payments App witnessed a significant jump in digital transactions, with monthly volumes climbing from 79.64 mn in June 2025 to 244 million in May 2026, demonstrating robust growth led by increased use of UPI.
Qualcomm said it will buy AI infrastructure company Modular to improve its software stack and broaden its footprint in the fast-growing AI data center industry. The transaction, worth roughly $4 billion, will provide Qualcomm with access to Modular’s developer-friendly AI platform.
The announcement of Jalapeno, the first in-house AI chip built in collaboration with Broadcom, is a key step toward establishing its own AI infrastructure, said OpenAI. The bespoke CPU is intended to run ChatGPT, Codex and future AI models, and is designed to give improved performance per watt.
Nexus Venture Partners, an early investor in Delhivery, has offloaded shares worth INR 208 crore through a block trade, significantly paring its holdings in the logistics firm. It’s the third time the company has divested a stake in the June quarter.
Meta’s CEO Mark Zuckerberg has apparently entrusted a dedicated team with building Arena, a standalone prediction markets software that would be competing with Kalshi and Polymarket.
Amazon is pushing its quick-commerce business aggressively, Amazon Now with the competition heating up with Flipkart Minutes, Blinkit, Zepto and Instamart trying to touch 300 cities across India.
The US President Donald Trump has signed two executive orders to speed up research of quantum computing and keep America at the technical forefront. The steps aim to advance quantum computing, deploy quantum sensors and migrate federal systems to post-quantum encryption.
Adani Group Chairman Gautam Adani has unveiled a big expansion plan focused on nuclear power, artificial intelligence, digital infrastructure and transportation. The company wants to create 10 GW of nuclear power by 2035 and grow its data center platform to 3 GW.
As competition heats up in India’s rapid commerce segment, Flipkart Minutes has widened its network of fulfilment hubs to 1,000 across 130 cities, and expects to expand to 1,500 outlets spanning more than 180 locations in the next months.
Bajaj Auto has said it and its subsidiary Bajaj Auto Technology have been hit by ransomware attack on their systems. The company stated it immediately triggered its cybersecurity protocols and contacted CERT-In under the IT Act, 2000.
Nvidia has announced a liquid-cooled data center architecture that aims to eliminate the need for water on premises with a closed-loop system that utilises a water-propylene glycol mixture. The design can save more than $4 million a year for a 50 MW facility.
Instagram is launching its TV app for Samsung Smart TVs in the US, for models available from 2020. The Meta-owned site is also testing new features to enhance viewing on large screens like interest-based channels, the ability to cast Reels from smartphones etc.
Japanese AI firm Sakana AI has announced Fugu and Fugu Ultra, multi-model solutions that can orchestrate several AI models through one API. The business says Fugu Ultra matches or beats Anthropic’s Claude Fable 5 and Mythos Preview on major coding, reasoning, and scientific metrics.
Oracle has cut over 21,000 jobs worldwide in the last year as it speeds up its AI makeover. It is spending big on its AI infrastructure and data centers this fiscal year, with a targeted capital investment of $70 billion, to support customers like OpenAI.
Lucid Group said it will reduce about 1,800 jobs and eliminate the chief operating officer position as part of a major reorganisation plan that’s expected to generate about $158 million in annual savings.
A recent cybersecurity vulnerability was discovered by Tata Electronics, the company announced on June 22. According to experts, the Indian group's clients Apple and Tesla were among those whose component design and specification papers were leaked by World Leaks. In an interview with a news outlet, security researchers
The messaging platform WhatsApp revealed this week that Cred founder Kunal Shah will be taking over as CEO. As a result, the serial fintech entrepreneur is now at the helm of the biggest messaging platform in the world. As part of this acquisition, Cred will receive a $900 million investment
Renault India has commenced global exports of the new Duster with the dispatch of 750 India-made SUVs from Chennai to South Africa. The product built on the Renault Group Modular Platform and with a 5-star Bharat NCAP rating.
Tata Motors is embedding AI into car development, manufacturing, customer service, and labour management. The automaker is investing INR 2,836 crore in R&D to develop software-defined vehicles, connected technologies and AI-powered operations.
Last week, U.S. President Donald Trump hinted that he may have considered the AI firm Anthropic a danger to national security. But now, as revealed in an interview that was released on June 19th by "The Axios Show", he no longer does. Earlier this week, senior technical
Maruti Suzuki has tied up with the Gujarat government for setting up advanced manufacturing labs at five ITIs under its CSR project. The project is aimed at improving employability through hands-on training on modern industrial processes.
Zypp Electric has appointed Axis Capital, SBI Capital Markets and DAM Capital as bankers for a potential $200 million IPO in FY28. The EV logistics business is also looking to raise $40-50 million in pre-IPO funding round.
Storia Foods and Beverages Private Limited and Mrs. Bectors Food Specialities Limited, producers of English Oven bread, were fined INR 1 lakh each by the Central Consumer Protection Authority (CCPA). They were found guilty of misleading consumers about the ingredients in their food items by using the word "100%
A seven-year supply agreement worth $530 million (approximately INR 5,000 crore) has been inked between group company Jaguar Land Rover and Tata group electric-vehicle battery arm Agratas. Company disclosures and an executive with knowledge of the agreement indicate that it will commence this fiscal year. According to a resolution
Launched in February, Bharat Taxi is a cooperative-led ride-hailing business with ambitions to grow to 55-60 smaller cities. Over the next three to six months, these cities would be covered, according to a top official. Cities include Kanpur and Gorakhpur in Uttar Pradesh, villages in Rajasthan, and satellite communities surrounding
Orders for more than 3,400 electric commercial vehicles (eCV) have been obtained by commercial vehicle manufacturer Tata Motors. These orders are from the freight, logistics and passenger mobility categories as of June 21st. From e-commerce and logistics to cement, steel, mining, and tarmac operations, as well as inter- and
As the fintech firm Cred extends its payments strategy, CEO Kunal Shah informed colleagues in an internal mail that the number of customers for its biometric verification function for UPI payments is approaching 10 million. In March, the business introduced biometric authentication for UPI payments. This step eliminates the need
A draft IPO paperwork revealed that Jio Platforms Ltd. intends to repay its telecom unit's over $3 billion in external commercial borrowings with a portion of the funds from its proposed initial share offering. On June 19, the preliminary paperwork for an IPO involving the issuing of up
In the Indian e-commerce sector, Flipkart Group has increased its lead. Myntra has further solidified its position as the leading online fashion retailer, as per a report by Bank of America Securities (BofA). Even though there is a lot of competition in the internet industry, the survey says that consumer
Mukesh Ambani, chairman and managing director of Reliance Industries, laid out the company's plan for AI on June 18th. He announced that by the end of 2026, the first 120 MW of the company's artificial intelligence (AI) infrastructure will be operational in Jamnagar, thanks to the
Porsche Centre Hyderabad, the country's largest facility, was inaugurated on 18 June by the German luxury manufacturer Porsche India. The move is part of the brand's strategy to fortify its foothold in one of the most dynamic business and technology centers in India. This new facility,
In preparation for its planned initial public offering (IPO), Jio Platforms' Board of Directors has approved the DRHP. On top of that, the filing would be sent to the Sebi (Indian Securities and Exchange Board) later on today. These developments were revealed today by Mukesh Ambani, Chairman and Managing
Absolutely no CA costs. There will be no tedious sessions of staring at a blank screen. Claude, an AI developed by Anthropic, is quickly becoming the go-to choice for submitting income tax returns in corporate India, replacing the need for human accountants. Social media was a meeting place for working
Anthropic CEO Dario Amodei criticised this year's India AI Impact Summit, which took place in New Delhi, calling it "extremely disorganised" on June 18. According to him, just moments before a group photo was to be taken, people were moved around many times. Without implying anything
Cordelia Cruises' operator, Waterways Leisure Tourism Ltd., has set an initial public offering (IPO) price range of INR 769-808 per equity share. Public subscription to the listing will begin on June 23. The initial public offering (IPO), which includes a new share issuance of up to INR 585 crore,
India is an important market for OpenAI's user acquisition efforts and a proving ground for future AI products, such as a personalised voice-interaction feature. According to Abhi Muchhal, feature's product lead for international expansion, this functionality is scheduled to be released in the near future. In
With a main capital injection of approximately $2.75 billion (roughly INR 26,000 crore), Emirates NBD acquired a majority share in RBL Bank on 18 June. As a result of the closed required open offer and preferred share issuance, Emirates NBD now owns 60% of RBL Bank's
Innovist is an Indian direct-to-consumer (D2C) personal care brand, and L'Oréal announced on June 18 that it had reached a deal to buy a controlling stake in the company. This acquisition expands L'Oréal's India portfolio. Financial specifics of the purchase were not disclosed by
Pavel Durov, inventor of the peer-to-peer messaging platform Telegram, accused Reliance Jio of restricting his service. In response, Reliance clarified that it was running its network in accordance with international security and transparency regulations. While dismissing the claims, Reliance Jio on 17 June posted on X "Recent posts on
Jaguar Land Rover is banking on the United States market for high-end automobiles to fuel expansion. At the same time, as part of its continuous recovery from last year's cyber attack, the company is getting ready to slash costs by £1.7 billion. The Range Rover and Defender
Instagram, Facebook, and WhatsApp are now formally priced by Meta. With the new subscription brand Meta One, the business is introducing a tier of "Plus" services that users can access for a price, rather than charging for the apps themselves, which will remain free. Subscriptions will become a
In the coming year, Uber will launch a premium robotaxi service in collaboration with electric vehicle manufacturer Lucid and autonomous vehicle startup Nuro. The companies' robotaxi service was first introduced in the San Francisco Bay Area, and this will be their second in the US market. Houston is expected
As the rising cost of memory chips caused by the AI boom becomes harder to bear, Apple CEO Tim Cook announced that the company intends to increase pricing. In statements published on 17 June, Cook acknowledged that, regrettably, price hikes are inevitable. Memory chip prices have been on the rise
Telegram, a messaging platform, has gone to the Delhi High Court (HC) to contest the MeitY's decision to impose a temporary restriction, which was notified only one day ago. The case was reportedly brought before Justice Tejas Karia's vacation bench, which has agreed to hear it
On June 16th, Yum Brands revealed that it has finalised the sale of Pizza Hut to a third party for $2.7 billion. The decision is made at a time when the fast food chain is facing challenges in the industry as a result of customer caution and fierce competition.
In a recent interview, Canan Çelebioğlu, chairwoman of the Turkish airport ground-handling giant Çelebi Holding, stated that the company's worth was immediately cut in half due to the sudden cancellation of its security clearance systems in India. India's Bureau of Civil Aviation Security (BCAS) revoked the
N. Chandrasekaran, chairman of Tata Sons, has opted not to get a salary rise for fiscal year 26. The decision is made as Tata Group considers the profitability and allocation of funds for many new ventures. It is believed that Chandrasekaran stated his intention to forego a salary increase this
Tata Electronics' Hosur factory was found to be in compliance with environmental standards, and the Tamil Nadu Pollution Control Board (TNPCB) has thus ended its proceedings against the company. Additionally, TNPCB said that there was no indication of contamination in the water quality tests. This comes after the pollution
Bengaluru-based Sarvam announced a fresh $234 million fundraising round on 15 June, significantly bolstering India’s AI ambitions. This resulted in a valuation of $1.5 billion, making it the latest artificial intelligence unicorn in India. This investment comes as global governments and corporations seek to diversify their AI capabilities
Within days, Reliance Jio might submit the necessary paperwork for its highly anticipated initial public offering, which could pave the way for the biggest stock market debut in India's history. It is anticipated that the filing will be made shortly before Reliance Industries Chairman Mukesh Ambani gives his
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The Perungudi neighbourhood of Chennai is home to more than 1.5 lakh square feet of office space leased by IndiQube Spaces Ltd, an operator of flexible workspaces. From SRH Mota Star Promoters Pvt Ltd., the business has leased 151,462 square feet in the SRH Experience Tower. Commencing on
With an 18% GST tax on delivery fees, Flipkart has taken legal action by bringing a case to the Kolkata High Court. The main point of contention is whether the company's combined transportation and logistics system is eligible for a tax break that is typically reserved for transportation
A new artificial intelligence assistant called Seller Assistant will soon be available to Amazon's 1.7 million Indian sellers. The advertising, inventory planning, and cataloguing processes can all be improved using this solution. This application is designed to help sellers with onboarding, listings, and everyday tasks on the
Microsoft CEO Satya Nadella thinks the AI industry needs to be careful not to make the same mistakes that were made during previous economic revolutions. He said that industry should remain cautious even if AI is quickly becoming the backbone of how companies function. Nadella emphasised in a post on
In an announcement made on the evening of June 12th, the San Francisco-based business Anthropic stated that Mythos 5 and Fable 5 had been ordered suspended by the US Department of Commerce for "national security" grounds; however, no other information was provided. In contrast to Mythos 5, which
According to the most recent Patent Co-operation Treaty (PCT) rankings, Reliance Industries' technology subsidiary Jio Platforms has broken into the top 20 worldwide. The listing was recently made public by the World Intellectual Property Organization (WIPO). For the year 2025, Jio Platforms (JPL) jumped 320 spots. Consequently, it has
A giant leap forward has been made by digital payments unicorn Razorpay towards its public market debut. Under the SEBI's confidential filing procedure, the company has already submitted a DRHP to the stock exchanges and the regulator in India. The proposed initial public offering (IPO) of the Bengaluru-based
In a June 12 announcement, e-commerce company Meesho Ltd stated that it has acquired Kirana Club Pte. Ltd and Retail Pulse Labs Private Ltd for a total of INR 202.08 crore. The acquisition is aligned with firm's objective to strengthen its foothold in India's thriving
On June 12th, Tata Consultancy Services unveiled the Oracle AI Data Platform Lab and Centre of Excellence (CoE) in India. The purpose of establishing these hubs is to facilitate the rapid adoption of data-driven transformation and artificial intelligence by businesses. Together with Oracle, the team at Kolkata's Delta
On June 11th, Kumar Mangalam Birla, Vodafone Idea non-executive chairman, tried to assuage investor fears on the revival chances of the telecom company. This means that the firm has successfully navigated a very challenging period. Shareholders authorised an investment of INR 4,730 crore from the Aditya Birla Group through
Lenskart Solutions, an eyeglasses company, had a 2.3% share purchased on June 11th by a group of global financial institutions led by Goldman Sachs, Morgan Stanley, and Societe Generale. In open market transactions, these shares were acquired from the Abu Dhabi Investment Authority for INR 1,960 crore. On
Fresh funding has allowed quality-focused fast-commerce start-up FirstClub to speed up its expansion plans. The next step for the business is to expand to about fifty clubhouses in the Hyderabad and Bengaluru areas. During the following six months, it will expand its clubhouse and explore new product areas. The Bengaluru-based
Retail petrol stations are no longer allowed to sell petrol and diesel to businesses, institutions and industries due to a government ban. Also, due to geopolitical tensions and worries about interruptions to global petroleum supply lines, it has limited diesel sales to 200 litres per client or vehicle each day.
As the biggest initial public offering (IPO) to date, SpaceX is set to make its debut on June 12 in the US public markets. It is widely anticipated that OpenAI and Anthropic, two giants artificial intelligence (AI), will soon go public. As a result of a recent rule change implemented
An increase in the percentage of ethanol in petrol has resulted in the elimination of excise taxes by the central government. This is a necessary step for the eventual widespread use of fuels with ethanol concentrations higher than 20%. This came to light at a time when India is actively
A significant reduction in the prices of OpenAI's artificial intelligence services is being considered. The move is part of their strategy to steal customers from Anthropic. Media sources indicate that the corporation is considering a steep price reduction for tokens, the unit of measurement used by AI companies
Cognizant, a multinational information technology company, has generated an extra $200 million in sales potential. The company accomplished this by implementing an AI-driven system that analyses corporate interactions such as emails, chats, meetings, and more in order to identify new business prospects. In a statement, the Nasdaq-listed firm explained that
Zepto, a rapid e-commerce platform, saw its user base fall for the first time in the quarter ending in March. In the December 2025 quarter, there were 49.54 million Zepto users; in March 2026, that number dropped to 47.97 million. Despite massive advertising expenditure and an overall increase
On June 11th, Tata Consultancy Services (TCS) and Anthropic, the pioneering AI firm behind Claude, established a worldwide strategic alliance. This partnership will aid clients in expanding their use of AI within their organizations. By providing early access to the Claude model family, TCS will establish a specialised business unit.
The real estate technology firm Opendoor, headquartered in the United States, has declared that it will be terminating its operations in India and laying off approximately 250 workers there. Opendoor 2.0 was launched a few months ago with almost 250 people in India, according to a memo written by
Prior to the scheduled opening of commercial operations on June 15, the Noida International Airport (NIA) successfully conducted a flight trial on 9 June. Using an IndiGo jet, the study evaluated the launch-support operation's coordination of several components. The airport administration said in a press statement that on
Vaishnaw told a media agency that the government is consulting with business leaders to find the optimal regulatory strategy that won't hamper innovation. This is a really complicated subject, Vaishnaw said. While he acknowledges that the IT Act has allowed for some progress, he believes that a new
Another round of layoffs is allegedly underway at Salesforce. The most recent round of layoffs included personnel who had been involved in the company's Agentforce AI platform. The most recent round of layoffs follows months of speculation that Salesforce may officially adopt the Agentforce name, as floated by
According to a statement made by Elon Musk's Starlink on June 10th, the company is still in dialogue with the Indian government. The company went on to say that it has heard nothing but praise for its possible contribution to increasing connectivity. It is so denying rumours that
There are network outages and increased latency affecting Google Cloud services in several big Indian cities. This is all happening because of a fire that broke out at a data centre in the nation's capital that is owned and operated by a third party. Because of the fire,
For a while now, tech magnate Elon Musk has been discussing the possibility of bringing Starlink to India. Musk, though, may be in for an endless wait. The Indian government reportedly has put a hold on the necessary licenses for Starlink to launch its operations in the country due to
Meta Platforms is constructing its first AI-ready data centre complex in India in collaboration with Reliance Industries. In Jamnagar, Gujarat, at Reliance's hyperscale facility, the Facebook parent company will rent data centre capacity of 168 megawatts, with the potential to expand even further. Mark Zuckerberg, CEO and co-founder
To acquire a 100% equity share in IntelliSmart Infrastructure Private Ltd., Adani Energy Solutions Ltd. (AESL) announced that it has completed a binding securities purchase and subscription agreement. For INR 3,050 crore, AESL acquired a smart metering joint venture (JV) from Energy Efficiency Services Ltd (EESL) and the National
OpenAI, developer of ChatGPT, announced on June 8 that it had secretly registered for an initial public offering (IPO) in the United States. In an effort to attract investors looking to profit from the AI boom, the company will join Anthropic in making inroads into the stock market. According to
According to Tata Consultancy Services (TCS) chairman N. Chandrasekaran, the number of AI agents employed by the company will equal the number of human employees over the next three years. He made the statement during the 31st Annual General Meeting (AGM) that the company is developing its most significant effort
In their Updated Draft Red Herring Prospectus (UDRHP), Zepto said that in April, the Directorate of Enforcement (ED) summoned Aadit Palicha and Kaivalya Vohra, two of its founders. Both were summoned in connection with procedures related to the Foreign Exchange Management Act (FEMA), 1999. An amended filing with SEBI states
After the successful sale of stakes in NHPC, Coal India, and Central Bank of India, the government announced on 8 June an Offer for Sale (OFS) in NLC India Ltd, formerly known as Neyveli Lignite Corporation. The offer includes up to 3% of the company's equity, with a
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Zepto, a platform for rapid commerce, is getting closer to its initial public offering (IPO). In preparation for its debut on the Indian stock market, the company has submitted an amended DRHP to SEBI. A new issue of shares valued at INR 8,010 crore and an offer-for-sale (OFS) of
On June 9th, Apple announced that Siri, its long-running virtual assistant, would be rebranded as Siri AI and upgraded with AI capabilities. During the Worldwide Developers Conference, Apple's annual technology gathering, the company unveiled the updates. Executives from the company showcased the virtual assistant in action by using
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A one-time spectrum charge that the Centre had imposed on Bharti Airtel Ltd. and Vodafone Idea Ltd. has been set down by the Bombay High Court. As a result, the court decided that the government couldn't change the terms of telecom licenses' finances after they were already
IndiGo has presented a spectacular expansion plan for FY30. The new development strategy for the company aims to carry almost 200 million people per year. Consequently, increasing its global presence and turning India into a key hub for international aviation. At the airline's analyst day on June 8,
To speed up LG Group's upcoming AI-driven economic wave, NVIDIA and LG Group are constructing an AI factory. This is a huge step forward for LG as they expand into new areas, including graphics processing unit (GPU) cloud services, data center technologies, autonomous driving, and robots. Through the
At its annual developers conference (June 8 to 12, 2026), Apple is likely to introduce new AI technologies. Before John Ternus takes over as CEO in September, this conference will be the final appearance by Tim Cook. Unlike the fall launch of the latest iPhones, the World Wide Developers Conference
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Ather Energy is in the process of finalising its participation in the government's INR 1 trillion research, development, and innovation (RDI) programme. With this change, the electric vehicle manufacturer will be able to secure long-term debt capital at a reduced rate for its initiatives. As a result, filling
The decision to remove Rajesh Exports from the production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage is expected to be made by the Ministry of Heavy Industries (MHI) in the coming days. This action is being conducted in response to an interim order from SEBI that has