Tata Consultancy Services, the biggest provider of IT services in India, announced on 27 July that it will cut 2% of its personnel in its 2026 fiscal year, mostly affecting middle and senior management. About 12,200 positions will be lost as a result of the company's retraining
Shengjia Zhao, a co-creator of OpenAI's ChatGPT, will be the chief scientist of Meta Superintelligence Labs, according to a statement released by Meta CEO Mark Zuckerberg on 25 July. The $14 billion investment in Scale AI is the centrepiece of Zuckerberg's multibillion-dollar hiring spree in artificial
In its ongoing competition with the United States for technical supremacy, China has presented a comprehensive strategy to increase its influence in AI governance, which includes the establishment of a global cooperation organisation. China Proposes Global AI Oversight Body at WAIC 2025 During his speech at the inauguration of the
According to reports, 25 over-the-top (OTT) platforms and websites—including ALTT, ULLU, Big Shots App, Desiflix, and Boomex—have been blocked by the Centre for allegedly containing pornographic, indecent, and vulgar content. OTT Crackdown: What Happened According to a Storyboard18 report, under the Information Technology Act of 2000 and the
Ohm Mobility, a firm that provides EV financing and leasing, is now closing its doors, joining a growing list of startup closures. Despite many turning points along the way, the five-year-old startup was unable to scale, according to cofounder and CEO Nikhil Nair. Why Ohm Mobility Shut Down: Inside the
The Competition Commission of India's (CCI) antitrust verdict against Google over its Play Store policy was partially supported by the National Company Law Appellate Tribunal's (NCLAT) March ruling, which Google has challenged in the Supreme Court. "We have appealed the NCLAT's recent ruling
GitHub Spark is Microsoft's most recent venture into AI-powered software development. This new platform has the potential to completely change the way people develop apps. Spark is a comprehensive tool that enables anyone to create intelligent, full-stack apps using natural language, visual aids, or conventional code. What Is
Alphabet Inc. CEO Sundar Pichai has officially become a billionaire, which is an uncommon rise for a non-founder in the computer industry. Pichai's current net worth of $1.1 billion, as determined by the Bloomberg Billionaires Index, was solely derived from his work as a professional CEO rather
Due to fierce competition in the market, BigBasket, a fast commerce platform supported by Tata Digital, witnessed a decline in yearly income in the fiscal year that ended in March 2025. BigBasket's B2C division, Innovative Retail Concepts, had a 3% decline in turnover from INR 7,885 Cr
A trade deal worth an estimated £6 billion was signed by Keir Starmer and his Indian counterpart, Narendra Modi. The UK prime minister hailed the momentous accord as a "historic day" for Britain and India. Following more than three years of negotiations, the trade agreement will significantly lower
To increase its presence in children's psychological needs, AI-focused mental health startup LISSUN acquired US-based digital mental health provider Being Cares Inc. The business did not, however, provide the deal's financial details. According to LISSUN, the acquisition will enable it to broaden its offerings to address
According to documents filed with the Ministry of Corporate Affairs (MCA), supply chain solutions provider Leap India is prepared to become a publicly traded business. The company has given its consent to be converted from a "private company limited by shares" to a "public company limited by
According to a research group, the number of businesses and organisations impacted by a security flaw in Microsoft Corp.'s SharePoint servers is growing quickly, with the number of victims more than six times increasing in a matter of days. Dutch Firm Reveals Surge in SharePoint Exploits According to
According to a formal announcement, Tilaknagar Industries, the company behind Mansion House, the best-selling brandy brand in India and the second-best-selling brand worldwide, has finalised the agreement to purchase the Imperial Blue whisky business division from the Indian branch of the French liquor giant Pernod Ricard for INR 4,150
Since the new policy's draft would be subject to public input, which is anticipated to take time, the Delhi government has reportedly prolonged the present electric vehicle regulation until March 31, 2026, or until a revised version is announced. According to a PTI report, the decision was made
For suspected violations of the Foreign Direct Investment (FDI) regulations of INR 1,654.35 crore, the Enforcement Directorate (ED) has filed a complaint against Myntra, an Indian fashion e-commerce company, as well as its affiliated businesses and directors. According to the probe agency's statement, the case was
The largest IT services provider in India, Tata Consultancy Services (TCS), has stated that it is still dedicated to onboarding all experts who have been offered positions, despite several reports that experienced hires in various cities have been facing extended delays in their joining dates. TCS can confirm that, as
In order to facilitate easy cross-border money transfers and international payments, global payments company PayPal unveiled on July 23 ‘PayPal World’, an interoperability platform that links India's Unified Payments Interface (UPI) with some of the biggest digital wallets worldwide. How UPI Integration Benefits Indian Users? The initiative'
According to President Donald Trump, Japan, one of the US's biggest trading partners, has agreed to a "massive" trade agreement with the US. According to Trump's social media post, the idea would result in Japan investing $550 billion (£407 billion) in America and US
To reward consumers for their everyday spending, SBI Card and PhonePe have launched a co-branded credit card. There are two varieties of the PhonePe SBI Card: SELECT BLACK and PURPLE. SELECT BLACK vs PURPLE: What's the Difference? When making purchases using the PhonePe app, customers who use the
With 2.5 billion prompts every day—330 million of which come from the US alone—ChatGPT is transforming education. Students are quickly switching from traditional search engines to AI-driven explanations for homework, essays, and comprehending hard subjects. With features like an AI-powered web browser, OpenAI is improving ChatGPT to
Two sources familiar with the plans have informed Reuters that Costco Wholesale Corp., a US retailer, will establish its inaugural technology centre in Hyderabad, India. According to insiders, the Global Capability Centre (GCC) will hire 1,000 individuals at first and grow as it manages technology and research operations and
To make digital banking safer for all users, the Reserve Bank of India (RBI) has released a draft of new regulations. Internet banking, mobile banking, and any other online services provided by banks are covered by the new regulations. The new regulations require banks to provide consumers with clear options,
As it prepares for an IPO on the New York Stock Exchange, Figma is looking for a fully diluted valuation of up to $16.4 billion, a move that could boost the tech IPO market, which is currently recovering, according to a Reuters story. According to a statement made on