On June 5, 2026, the policy repo rate under the liquidity adjustment facility (LAF) remained maintained at 5.25% by unanimous vote of the Monetary Policy Committee (MPC). As a result, the rates for the Bank Rate, the Standing Deposit Facility (SDF), and the Marginal Standing Facility (MSF) all stay
It has been claimed that Google has slashed positions across the Cloud division in the past two weeks, adding to the lengthy list of IT layoffs this year. It has been reported that layoffs have affected Google's cybersecurity departments, including the Mandiant team and the Google Threat Intelligence
In response to rising competition in the discount broking industry, industry leader Zerodha has unveiled new strategies to bring back consumer interest. New customers are no longer charged account maintenance fees (AMC) for the first year of service as of June 1st, according to the firm. It has also started
The educational technology company PhysicsWallah announced on June 4 that it will be leaving the student loan industry and instead forming partnerships with non-bank financial companies (NBFCs). This follows the firm's previous statement that it will enhance its wholly-owned subsidiary, FinZ Finance Private Limited, with an equity injection
Some aspects of Meta Platforms' contentious employee surveillance policy are being relaxed. Workers are granted exemptions, and the decision to temporarily cease tracking is made after weeks of internal debate. A new feature has been added to the company's AI training monitoring software. Employees can now pause
Vanguard, an American investment management firm, has reduced the value of its stake in Ola Consumer (ANI Technologies), a ride-hailing company. According to Vanguard's most recent filing with the US Securities and Exchange Commission (SEC), the reduction translates to a valuation of around $70.3 million for the
In response to an inquiry into allegations of market abuse, Apple has consented to provide the Competition Commission of India (CCI) with financial documents pertaining to its operations in India. This action brings the long-awaited case one step closer to a possible penalty judgement, as shown in an agency order.
'Project Glasswing' has allowed 150 businesses in over 15 countries, including India, access to Anthropic's cybersecurity AI model Mythos. Organisations that take part in the programme are paired with the closed Claude Mythos Preview model. Pairing helps find important zero-day vulnerabilities early on, before attackers have
Fédération Internationale de Football Association (FIFA) and Zed Entertainment Enterprises have teamed together to bring 39 international football tournaments to the Indian subcontinent. Notable events up until 2034 include the 2026 and 2030 FIFA World Cups, the 2027 FIFA Women's World Cup, and others. The agreement's
The JioHotstar platform is preparing to launch a series slate that will be created, animated, voiced, and edited entirely by AI. JioHotstar is owned by JioStar—a partnership between Reliance Industries Ltd. and Walt Disney Co. The entertainment and media conglomerate views it as a means to significantly lower production
According to a regulatory filing with the Registrar of Companies (RoC), the Open Network for Digital Commerce (ONDC) has received INR 220 crore in funding from several sources. These sources include software business Zoho, mobility platform Uber, fintech startup Paytm, and BSE Technologies, the digital solutions arm of the stock
To facilitate better employee-digital agent interaction, Microsoft has unveiled preliminary ideas for wearable and desktop AI gear. Accordingly, introducing the newest initiative by the corporation to transform computers in the workplace for the AI era. During Microsoft's annual developer conference, technical fellow Steven Bathiche presented the prototypes and
Prism, the parent company of Oyo, has been given the green light by the Securities and Exchange Board of India (Sebi) to move on with its planned INR 6,650 crore IPO. According to media reports, the travel technology company is estimated to be worth between $7 billion and $8
The Digital Commerce Coalition has been established by a number of ecommerce and quick commerce businesses. The goal of this industry-led coalition is to promote the long-term development of the ecosystem supporting online commerce. Zopto, Amazon, Swiggy, Eternal, and Meesho are among the first members of the alliance. With the
The 'Make in Haryana' Industrial Policy, an ambitious undertaking, has been unveiled by the Haryana government. Subsequently, targeting the generation of 10 lakh jobs and the attraction of INR 5 lakh Cr in investments. The move is part of the state's strategy to become a centre
On June 1st, artificial intelligence (AI) powerhouse Anthropic revealed that it has secretly filed for an IPO in the United States. Investors are rushing to get in on the AI boom, which might lead to a record-breaking share sale. Anthropic, PBC, formally filed a preliminary registration statement with the US
Wipro has increased its ownership of Aggne, a technology services and consulting company that provides services to the property and casualty (P&C) insurance sector, to 80% in exchange for $28.5 million in cash. Wipro will have an even greater edge in the insurance market after purchasing an
For INR 125.13 crore, Amazon Data Services India bought 10.6 acres of land in the Mumbai metropolitan region (MMR) from Lodha Developers. The land is located in Palava, Thane, as indicated by transaction-related documents that were referenced in media reports by a real estate data analytics firm. In
In a press statement released on 1 June, the Open Network for Digital Commerce (ONDC), which is funded by the government, announced that it is currently booking over 300,000 metro and bus tickets per day across its network. According to the release, ONDC is helping to speed up the
The first personal laptop computers designed for the operation of artificial-intelligence "agents" were unveiled by Nvidia. These computers utilise a newly developed variant of the company's signature AI chips. New personal computers will have a thickness of no more than 14 mm and a weight of
On May 31, the U.S. Department of Commerce issued instructions. These proposed guidelines would now seal a possible window of opportunity for the export of advanced chips. AI chips from brands such as Nvidia's Blackwell and Rubin processors, AMD's MI350x, and others now will not
The food safety authority in India, FSSAI, has contacted the fast-commerce platform Blinkit to request an explanation. An individual who claimed to have become ill after eating curd purchased on the platform has contacted FSSAI. A customer of the online grocery store Blinkit allegedly became sick after eating curd he
SentinelOne intends to lay off about 8% of its employees. This move comes as the cybersecurity firm shifts its focus to data, cloud, and artificial intelligence projects. Having said that, it has offered a reduced forecast for the current quarter and generated revenue that is weaker than projected. Along with
Under its Healthy Mode service, Zomato has introduced a new tool called "Healthy Subscriptions" that allows users to pre-plan nutritious meals from participating eateries. Users can subscribe to a curated 3-, 5-, or 15-day meal plan for lunch and dinner using this service. In addition, clients have the
Officeworks, a massive retailer in Australia, plans to send hundreds of jobs to third countries like India and the Philippines. According to several media reports, the move is a component of a comprehensive company makeover aimed at reducing expenses and increasing productivity. Earlier this week, the corporation informed dozens of
In its pursuit of operational excellence, Starbucks Corp. is linking the bonus payments of the majority of its IT employees to the extent to which they make use of artificial intelligence. According to various media reports, tech personnel will have a quarter of their bonuses tied to department-wide targets, one
By 2030, Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Industries, anticipates a "multifold" increase in revenues. According to RIL's FY26 annual report, the brand aspires to become a global leader in branded consumer products. Reliance announced that RCPL will maintain its
On May 28, Bajaj Finserv announced the introduction of "Finserv Intelligence." It is a hub for group-wide applied research and innovation in areas such as digital financial services, quantum technologies, cybersecurity, and artificial intelligence (AI). The move comes as the financial services giant places a strategic wager on
Nissan Motor India Pvt. Ltd. has strengthened its presence in Tamil Nadu by inaugurating the Autorelli 1S Nissan showroom in Chennai. A state-of-the-art showroom measuring 3,800 sq. ft. is available at the site, and it can showcase six vehicles. The outlet is designed to meet Nissan's global
By the beginning of next year, American Airlines Group intends to have increased the number of workers at its Hyderabad technological hub in India from 400 to 800. This growth is indicative of a general tendency among MNCs to pour more money into India's global capability centres (GCCs)
The Vellaripatti factory of the tyre maker TVS Srichakra Ltd, located near Madurai, is set to undergo a capital expenditure plan worth INR 230 crore. This will allow the company to increase production capacity in the two-and three-wheeler and off-highway tyre markets. A 5% capacity expansion is in the works
The lift maker Johnson Lifts, based in Chennai, has paid INR 125 crore for 39 acres of land near Sengadu, close to Chennai. In order to increase manufacturing capacity for innovative vertical transportation systems and high-speed lifts, this land acquisition is a component of the firm's long-term expansion
The US e-commerce conglomerate Amazon had its appeal against the anti-trust suspension of its investment arrangement with Future Group denied by the NCLAT in June 2022. However, on 27 May, the Supreme Court overturned this decision. The order of the Competition Commission of India (CCI) from December 17, 2021, which
Restrictions on domestic and international travel, as well as work-from-home arrangements, were announced by Maruti Suzuki India (MSIL) on May 26. In addition, in light of the continuing conflict in West Asia, the corporation has pushed for energy-saving measures in the workplace and the residences of its employees, as well
According to a government certification document, Ola Electric has obtained regulatory approval for a new electric scooter targeted at India's commercial mobility market. This could mean that the business is getting ready to join the commercial electric two-wheeler market, which is experiencing rapid growth as soon as this
Across the state of Washington, Meta is planning to lay off over 1,400 workers. This news came days after Facebook CEO Mark Zuckerberg assured staff that the firm will not be laying off any more workers in 2026. As of July 22, the parent company of Facebook will start
An in-principle clearance to operate as a payment aggregator-physical (PA-P) licence has been granted to listed fintech company MobiKwik by the Reserve Bank of India (RBI). With the licence in hand, MobiKwik may go forward with plans to expand into the offline merchant industry. The company stated that the PA-P
Reportedly, one-fifth of Wix's worldwide workforce—about 1,000 jobs—is set to be laid off. This can be considered one of the most significant restructuring initiatives in the organisation's history. Layoffs are taking place as a result of the growing impact of AI on company&
One 97 Communications, the parent company of the Paytm brand in the fintech industry, said on May 25 that its European payment business will get a €9 million investment from its wholly owned subsidiary, Paytm Cloud Technologies. Paytm Cloud Technologies Limited's (PCTL) board of directors has authorised a
According to reports, Microsoft is terminating the majority of its Experiences and Devices division's internal Claude Code licenses. The decision was made following a significant spike in AI-related expenses caused by heavy staff utilisation. Thus, revealing an increasing financial hurdle to enterprise AI adoption. The organisation has directed
The Indian and Vietnamese branches of National Australia Bank (NAB) intend to increase their workforce by over a thousand people. The move comes as Australian banks maintain their trend of outsourcing engineering and technology positions while laying off workers in the country. Media outlets in Australia have reported that NAB
Demand for AI-ready infrastructure is expected to surge in the next four to five years, leading Schneider Electric's India data centre business to surpass overall operations in the nation. Between 15 and 20% of Schneider Electric's revenue in India comes from data centres at the moment.
While Nvidia has been having trouble selling its high-end processors in China, Chinese tech firm Huawei has been touting a new strategy for developing advanced semiconductors despite U.S. sanctions. This autumn, Huawei announced that it had created a new engineering method called "LogicFolding" to produce its Kirin
To attract the next generation of Indian internet shoppers, Flipkart's Shopsy is rebranding as an AI-powered marketplace. The business boasted that the app is evolving into something more than just an offers-led marketplace. The target demographic for this shift is youthful, budget-conscious consumers in both major and smaller
Reportedly, Microsoft has started moving its engineering staff away from direct Claude Code licenses and toward GitHub Copilot CLI. This change occurs just six months after the tech company encouraged widespread experimentation with AI-assisted coding by making Claude Code. Making it available to thousands of its employees, including engineers, project
The B2B payments startup PayMate India Ltd, which has backing from Visa Inc. and Lightbox Ventures, has been late paying employees their full salary for up to a year. Until a planned transaction with DigiAsia Corp closes and new capital flows in, the company stated it cannot do so. A
For one of AI's most pressing problems, OpenAI is seeking a researcher to join their team. The goal of open AI is to find a solution to the problem of what occurs when AI systems can train themselves to be smarter. This position is part of the company&
Goldman Sachs, Societe Generale, and Citigroup Global Markets are among the global financial institutions that have purchased a 1.34% stake in Paytm's parent firm, One 97 Communications. These investment firms paid INR crores in open market transactions to acquire shares from SAIF Partners and Elevation Capital. The
In a move into the beauty services market, Snabbit now offers a salon-at-home service that, in a matter of minutes, links clients with certified beauty experts. This is the first step for the platform into a new market that it hopes will enhance its current home services offerings. After six
A significant agreement has been inked between India Post and Flipkart to enhance last-mile parcel delivery services nationwide. By merging India Post's extensive delivery network with Flipkart's robust online retail presence, the alliance seeks to enhance the reach and efficiency of e-commerce deliveries. The Department of
Stellantis has just launched the most significant rethinking of its India strategy in recent times. The company and Tata Motors have declared their intention to collaborate on the design and production of a new Jeep model for the international market. As a result, India went from being a challenging home
In its first quarter of fiscal year 27 earnings commentary, the worldwide retail juggernaut Walmart highlighted Flipkart and its quick commerce service, Flipkart Minutes, illuminating the platform's lightning-fast delivery growth in India. The e-commerce giant was singled out by the retailer for its contribution to the quarter'
Swiggy, a food tech giant, had its bid to become an IOCC (Indian-owned and controlled company) rejected by shareholders. The foodtech juggernaut was unable to restructure its board nominating process and change its articles of association (AoAs) due to a lack of support. The business reported 72.36% support for
Meta has initiated yet another round of job cuts in the Irish market. The US IT titan is moving on with a worldwide reorganisation strategy focused on AI and automation, which might lead to the layoff of as many as 350 workers. Meta plans to let off over 8,000
In July, Zepto, a platform for quick commerce, will conduct its initial public offering (IPO) with a target price of INR 11,000 crore. If the IPO is approved, Zepto would become the third Indian food delivery app to follow Swiggy and Zomato in being listed on a stock exchange.
With an investment of over $10 billion, Advanced Micro Devices plans to significantly increase its footprint in Taiwan. Therefore, in an effort to catch up to Nvidia in the rapidly expanding market for artificial intelligence chips, it is strengthening relationships throughout the island's semiconductor ecosystem. The American semiconductor
A broader overhaul of loan recovery standards is underway. Reserve Bank of India (RBI) has issued modification orders to update 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents.'. As part of the planned changes, financial institutions like banks and NBFCs will be able
As part of its aggressive push into artificial intelligence, corporate software company Intuit is laying off about 3,000 workers worldwide. Additionally, in order to better compete in a market that is becoming more and more driven by AI, the company is restructuring its organisational structure. Chief Executive Officer Sasan
Southwest Airlines' recently established Global Innovation Centre in Hyderabad aims to hire approximately 1,000 people in the next years. The move is part of the airline's strategy to fortify its engineering and technological capacities in countries other than the US. According to remarks made by senior
Despite TCS announcing an average salary increase of around 5%, numerous staffers have claimed that their monthly salaries have been reduced, leading employees to question the company's latest appraisal cycle. The corporation reportedly implemented wage adjustments on May 18, according to recent media reports. The appraisal season has
To increase commercial electric mobility and decrease emissions from the transportation sector, India is contemplating a $1 billion (approximately INR 8,300 crore) incentive programme. The step is taken to encourage private fleet operators to purchase electric buses and trucks. Despite having lower operating expenses than conventional diesel vehicles, electric
Priority Postpaid, a new service by Bharti Airtel that uses 5G slicing technology, was announced for launch on 19 May. The service will dynamically prioritise network capacity for postpaid customers, and this is the first commercial rollout of its kind in India, according to Airtel. Customers who rely on constant
With this latest round of massive layoffs, Meta is removing approximately 10% of its worldwide workforce. By ordering employees in places like the United States, the United Kingdom, and Singapore to remain at home and work, Meta successfully avoided any internal turmoil in the company. The layoff notifications eventually arrived
606 LinkedIn employees in California have been notified that they will be laid off this summer. This decision was made shortly after the professional networking platform's most recent quarterly results showed a 12% increase in revenue year over year. Multiple US media outlets reviewed a WARN filing that
By the year 2030, the food and drink giant PepsiCo plans to pour as much as INR 5,700 crore into the Indian market. According to Jagrut Kotecha, the chief executive officer for India and South Asia, the investment will mainly go toward increasing the production capacity of the company&
The National Payments Corporation of India (NPCI) is reportedly working on a standardised, interoperable framework for soundboxes. This new initiative will enable all payment apps to support transactions based on the Unified Payments Interface. As soundboxes proliferate among stores and mom-and-pop shops, NPCI's unified platform will function independently
On May 20, Meta will lay off 10% of its employees. This is all a part of a larger reorganisation that the company is undergoing in response to its increasing emphasis on AI and automation. The corporation is planning to implement significant organisational changes to restructure workflows around AI-driven operations
Standard Chartered, a bank with headquarters in London, has stated that it will eliminate over 15% (around 7800 employees) of its workforce by the year 2030. The move comes as the bank increases its use of AI to improve efficiency, according to media reports. Its website states that the layoffs
A new and ambitious industrial policy has been unveiled by the Haryana government. Massive investment, the creation of lakhs of jobs, and the promotion of cleaner transport in the National Capital Region (NCR) are all goals of the policy. On 18 May, the State Cabinet put the "Make in
There will be 850 layoffs at Inter IKEA, the business that franchises the internationally renowned Swedish furniture giant IKEA in 63 countries. In response to declining consumer demand and increasing economic pressures, the move is a component of a comprehensive plan to cut costs. The elimination of positions is part
In an effort to save $2 billion, Starbucks Corp. is considering opening a technology office in India. A message was sent to employees stating that the new hub is scheduled to be built during the company's fiscal year 2027, which begins in October. After deciding on a location
With the opening of Million Minds Tech City, Ahmedabad is vying to become one of India's many Global Capability Centre (GCC) nodes. In this endeavour, Ganesh Housing Limited is investing INR 15,000 crore to build an integrated technological township. Ahmedabad has long been known as a hub
Recently, Jane Street Group LLC established a new office in Singapore. Consequently, as it keeps expanding its operations across Asia, it is doubling its seating capacity to 250 people. A total of 24,000 square feet (2,230 square metres) has been leased by the market maker in the IOI
Electric vehicle (EV) giant Ola Electric's board of directors has approved a cumulative investment of INR 2,000 Cr just days before the company reports its financial results for the fourth quarter. The company's cell manufacturing division, Ola Cell Technologies Pvt Ltd (OCT), and its vehicle
Coal India Ltd's solar manufacturing subsidiary has been dissolved. This action officially ends the company's plans to use a special-purpose vehicle to get into integrated solar photovoltaic manufacturing. In a regulatory filing, the state-owned coal miner announced that CIL Solar PV Ltd has been dissolved and
On May 14th, the Enforcement Directorate announced that bank deposits totalling INR 526 crore had been frozen. Moreover, the Enforcement Directorate (ED) has announced that, following the conclusion of searches in a money laundering case involving the online gaming platform Gameskraft and its founders, it has confiscated INR 11 lakh
By the end of 2027, Uber intends to establish two substantial technology centers in Bengaluru and Hyderabad. Consequently, this shows Uber's stronger dedication towards India in the long run. The business is currently increasing its presence in the field of engineering and infrastructure in a rapidly developing market.
Campus job offers from Oracle have allegedly been withdrawn from students at various National Institutes of Technology and Indian Institutes of Technology. More than 30,000 workers across the globe were allegedly impacted by the tech company's massive global restructuring exercise, which was completed just weeks ago. Due
In anticipation of its highly anticipated initial public offering (IPO), the digital arm of Reliance Industries, Jio Platforms, has named Akash Ambani as its managing director for a duration of five years, starting April 9, 2026. The nomination was approved by a vote of all board members at an April
The health and insurance benefits for over 90,000 delivery colleagues across Amazon India's operations network have been enhanced, the company announced. Coverage for common medical expenses can be obtained through the benefits' outpatient department (OPD) coverage. Compensation for both temporary and permanent disabilities, as well as
Meta workers are protesting the company's new monitoring software that aims to teach AI by posting leaflets around the headquarters in the United States. This change occurred only days before the corporation was scheduled to start laying off 10% of its employees on May 20. The Model Capability
Walmart is purportedly contemplating the reduction or relocation of approximately 1,000 corporate employees. Its technology and AI activities are being restructured, and this relocation or these layoffs are just one component of this development. As part of its strategy to better integrate its worldwide technology and AI product teams,
S Cube Capital (SAIML Pte Ltd), a fund management firm located in Singapore, has been bought by InCred Capital, the wealth management subsidiary of InCred Group. The business announced its intention to merge S Cube Capital with its Singaporean subsidiary, InCred Global Wealth Pte Ltd, pending necessary regulatory clearances. With
The OpenAI Deployment Company is a new venture from OpenAI that will assist organisations in developing and implementing AI systems that are reliable and applicable to their critical daily operations. Organisations tackling difficult challenges in harsh environments will have access to Forward Deployed Engineers (FDEs), who are experts in frontier
Hundreds of paid workers in GM's IT department have been let go as layoffs have started. The move comes as the US carmaker tightens its grip on costs and reevaluates its workforce needs in certain areas. Roughly 500 to 600 employees worldwide are projected to be impacted by
Staff layoffs, reorganisation of management, and increased use of AI throughout internal processes are all part of GitLab's massive organisational change, which the company has disclosed. This move is being made by the software corporation in preparation for the ever-changing world of AI-driven development. On May 11th, the
The Seattle headquarters of Starbucks has laid off 61 corporate technology employees. Last week, the company's Worker Adjustment and Retraining Notification filing revealed that this action is being made as part of a comprehensive operational revamp under CEO Brian Niccol. With the layoffs underway, the worldwide coffee company
As part of its internal reorganisation in preparation for its anticipated initial public offering (IPO) next year, Google-backed edtech giant Adda247 has fired 20% of its staff, or about 200 people. The layoffs affected workers in a wide range of departments, according to news accounts. Employees in departments like product,
In order to fund further expenditures in artificial intelligence, Commerzbank intends to let off 3,000 employees. The move was made as the second-largest listed bank in Germany fortified its defences against a takeover bid by UniCredit of Italy. On May 8, the Frankfurt-based bank announced the layoffs as part
About 70 people, or about 15% of Truecaller's employees, will lose their employment. This comes after the company had a rough first quarter, posting sharp drops in sales in India as well as lower advertising income and overall pressure on its fundamental business model. The caller ID firm
Oracle is currently experiencing an increase in criticism from former employees as a result of the mass termination of approximately 20,000 employees. The layoff has resulted in disputes regarding severance terms, forfeited stock compensation, and labour protection regulations. Employees in the US, India, and other foreign locations were hit
Three of Porsche AG's companies will be closed, and over 500 jobs will be eliminated. The German luxury automaker is taking this action as part of its reorganisation to put greater emphasis on its primary business. This shift is a major strategic rethink for Porsche, as it is
Thousands of long-serving Microsoft employees in the US now have the option to voluntarily leave the company. Consequently, this is the first retirement buyout programme that the corporation has ever run in its fifty years. After being discussed internally last month, Microsoft's HR systems have officially detailed the
About 750 permanent workers in the passenger and commercial vehicle divisions of Tata Motors have been offered the opportunity to retire voluntarily (VRS). This will be the first exercise of its kind for the firm since its reorganisation in 2025. After unions representing workers at Tata Motors plants requested a
Roughly 1,000 positions will be eliminated worldwide at Fidelity Investments. The move is part of the financial services provider's effort to reorganise its product and technology operations in preparation for a new delivery model. Out of a total of 80,000 employees around the world, around 1%
Worldwide, more than 1,100 workers will be let go by Cloudflare. In preparation for what business leaders are calling the "agentic AI era", the cybersecurity and cloud infrastructure firm is reorganising its operations. Layoffs were revealed in an internal memo that was emailed to staff on 7
Verizon has started laying off workers again in the US. The telecom group has already eliminated 13,000 positions across the board, and now it is laying off hundreds more. In an interview with a news outlet, the telecom company confirmed the most recent layoffs but refused to provide a
SEBI has received the updated draft red herring prospectus (UDRHP-I) from InCred Holdings, the parent company of InCred Financial Services, a prominent NBFC. The public offering of the company's stock will include both a new issuance of shares up to INR 1,250 Cr and an OFS of
The Nissan plant in Sunderland, United Kingdom, will consolidate production lines and eliminate 900 jobs around Europe. The move is part of a larger restructuring effort by the Japanese automaker to cut surplus capacity and increase efficiency. The Sunderland plant, which produces the Leaf, Juke, and Qashqai models, will combine
A number of Nike's technology-related offices are being shuttered in Atlanta, China, and Poland, and others are being moved to Portland. As part of a larger restructuring plan, the sportswear firm is taking this action, which is anticipated to result in the loss of approximately 1,400 jobs.