Visakhapatnam will be home to a new information technology development centre and a Global Capability Centre (GCC) thanks to an invitation from the government of Andhra Pradesh to the international consultancy firm Capgemini. Government officials have estimated that this action might create 20,000 new jobs in the area. Andhra
Block, a global payments business, has laid off dozens of people in the marketing and communications departments in Australia. The step is taken as part of a larger reorganisation that will result in the elimination of about 4,000 jobs globally. Industry estimates place the number of local full-time positions
The Mohali Development Centre (DC) of IT giant Infosys has been enlarged with the opening of a new 350,000-square-foot integrated development campus, as announced on 12 March. According to the company's statement, the new facility can accommodate around 3,000 employees. A number of dignitaries, including Sanjeev
On 12–13 March, HCLTech gave its Chennai office workers the opportunity to work remotely due to a cooking gas shortage that affected cafeteria operations. Because of the continuing shortage of LPG, a number of cafeteria vendors had to close their doors. As a result, the business decided to let
In order to become a payment aggregator, the fintech company Cred was granted a final licence by the Reserve Bank of India (RBI) on 10 March. This paves the way for the company to accept merchants, process payments across various instruments, and deal with refunds and settlements. A prepaid payment
On March 11th, Atlassian, an Australian software business, announced that it would be laying off around 1,600 workers, or roughly 10% of its staff. This move is part of a larger reorganisation that will increase spending on AI and business sales. In a blog post, CEO Mike Cannon-Brookes explained
In response to the recent tightening of government regulations on the use of LPG in various industries, the IT services giant Infosys has sent an advisory to all of its employees at its Pune, Bengaluru, and Chennai campuses. Corporate campuses in India are starting to feel the effects of the
With the acquisition of automotive utility company Vehicle Info, used-car marketplace Cars24 is aiming to establish a full-stack platform for vehicle ownership, going beyond just vehicle transactions. Chirag Pipaliya launched the bootstrapped firm Vehicle Info in 2017. The firm provides a centralised location for important vehicle details like registration information,
On March 10, Minister of State (MoS) for Commerce Jitin Prasada informed Parliament that as of January 2026, over 6,700 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) had closed their doors. Prasad stated in a written response presented to the Lok Sabha that
The PhonePe 'RuPay On-The-Go' Card, a National Common Mobility Card (NCMC), has been introduced by PhonePe. With this introduction, India is taking another step towards its goal of digitising transit payments nationwide, as outlined in its 'One Nation One Card' vision. The 'On-The-Go' card
About 50,000 people will lose their jobs at Volkswagen in Germany by the year 2030. This led to layoffs at a number of different companies, including Porsche and Audi. The decision is made as the automaker faces dwindling earnings, increasing expenses, and fiercer competition in the electric vehicle industry.
The information reports that Meta has temporarily shut down its Tel Aviv offices due to the continuing Israel-Iran hostilities. According to the reports, the IT company's decision will have an impact on some 900 employees in Tel Aviv. Employees were allegedly notified of the office closure in a
On 10 March, IDFC First Bank said that it had paid the Haryana government INR 645 crore in response to a fraud investigation at one of its Chandigarh branches. This amount was 55 crore more than the bank had originally estimated. At first, the bank thought the incident's
In the ongoing push to include AI agents into office software, Microsoft has unveiled Copilot Cowork. It is an AI tool that can independently complete activities within the Microsoft 365 environment. Users will be able to deploy AI agents that can handle multi-step tasks like evaluating Outlook calendars, creating meeting
Robotics engineer Caitlin Kalinowski of OpenAI resigns over the company's handling of its artificial intelligence collaboration with the United States Department of Defence. This action has exacerbated the dispute regarding the role of commercial AI in national security. Caitlin Kalinowski announced her resignation "on principle" after
The digital retail giant Flipkart, which is owned by Walmart, has finally finished transferring its holding company domicile from Singapore to India. In preparation for a possible domestic public offering, it is a critical structural step for the company. A representative from Flipkart said that the company's internal
According to a recent filing by the company, e-commerce startup Meesho intends to challenge an income tax demand notice totalling around INR 1,500 crore, including interest. On March 6, Meesho was notified for the evaluation year 2023-24. According to the document, a tax demand totalling INR 1,500 crore,
Intercity bus ticketing services in India have been launched by ride-hailing firm Uber in partnership with ixigo's bus business AbhiBus. This marks the first international market for intercity travel provided by Uber. Users of Uber will be able to find and compare bus choices with AbhiBus' end-to-end
Sundar Pichai, CEO of Alphabet, may get $692 million in salary over the next three years if a new incentive plan is approved by the board of directors. Following the implementation of the new plan, Pichai will join the ranks of the world's highest-paid business executives. Reflecting Alphabet&
Tech Mahindra denied on March 9 that the company is mulling on a plan to drastically cut jobs. Consequently, denying rumours that the IT services provider may be laying off employees. The company clarified in a filing with stock markets that it had received calls and saw online posts about
Infosys is adjusting its hybrid work structure and has asked more workers to work from the office at least four days a week. The business is broadening its return-to-office requirements. Workers at specific units have just been notified by the IT services major that personnel at employment levels 6A and
Several news outlets have reported that, following performance reviews, Flipkart had asked 250–300 staff to resign this year. As is common practice in the business, around 1-2% of employees are let go each year as part of performance management. This round of layoffs affects about 2% of the workforce.
As part of its ongoing efforts to combine Discover Financial Services and Capital One Financial Corp., which it acquired for $35.3 billion last year, the banking firm intends to let off over 1,100 employees. This is the second big round of layoffs since Capital One finished its acquisition
Sarvam AI, a firm based in India that specialises in generative AI, announced the opening of its startup support programme on March 5th. The goal of this program is to provide its models and infrastructure to startups so that they can create AI-powered solutions. As stated in a number of