Anthropic will receive $10 billion from Google today, with an additional $30 billion on the table if the artificial intelligence business meets specific performance targets. The latest indication that Big Tech's hunger for cutting-edge AI is far from abating is the purchase, which values Anthropic at $350 billion.
Paytm Payments Bank's (PPB) banking licence has been revoked by the Reserve Bank of India (RBI). The RBI said that the bank's "general character of management" was harmful to depositors' and the public's interests. Additionally, it highlighted how the bank'
In the US, thousands of Microsoft employees have the option to retire voluntarily. In an attempt to realign its personnel and control expenses, the company has taken this daring action. About 7% of Microsoft's US employees will be able to participate in buyouts thanks to the scheme. With
In a statement sent to employees on May 20, Meta's chief people officer Janelle Gale announced plans to lay off about 10% of the company's worldwide workforce. After weeks of rumours about the social media company laying off employees, Gale finally broke the news. According to
About 10% of KPMG's audit partners in the US will be laid off. The decision is a result of a lack of success in a multi-year campaign to promote early retirements. Over a hundred partners are anticipated to be impacted by the cuts. Some will depart through voluntary
Approximately 1,400 positions will be eliminated in Nike's global operations business. In an internal memo, COO Venkatesh Alagirisamy stated that technology teams would be the hardest hit by the layoffs. As the organisation enters the last stage of its turnaround plan, the memo details a number of
As part of a larger cost-cutting initiative, Nestlé's French division has announced plans to lay off approximately 180 employees, according to Reuters. In October, the food giant announced plans to slash thousands of posts globally. This step is part of a bigger reorganisation initiative, which includes the proposed
In FY27, Infosys plans to employ approximately 20,000 freshers. Consequently, the firm was able to keep up its campus hiring pace despite a decrease in the overall workforce and an ease in attrition during the March quarter. The move is in line with the company's calibrated workforce
As new worries about cybersecurity, deepfakes, and threats to vital sectors arise from the fast development of AI, the Centre is increasing its focus on AI regulation. Reportedly, a six-person Technology and Policy Expert Committee (TPEC) was formed on April 13. The TPEC is reportedly working on new rules that
On April 23rd, Amazon India announced plans to spend over INR 2,800 crore ($300 million) to enhance the safety of its employees and grow its logistical networks. The online retailer intends to spend over $35 billion by 2030 on exports, employment, and digitalisation driven by artificial intelligence. With this
The proposed rules for PPI regulation were unveiled by the Reserve Bank of India (RBI) on April 22. The next set of regulations, titled the draft Master Direction on Prepaid Payment Instruments (PPIs), 2026, is intended to supersede the master directions from 2021. Additionally, it will bring a better organised
Razorpay has incorporated Google Pay to facilitate cross-border transactions. As a result, Indian exporters can now offer wallet-based checkout, which would greatly enhance the success rate of payments in global e-commerce. According to Razorpay, Indian companies may now accept payments from customers all across the world thanks to its integration
According to Amazon's inaugural Trustworthy Shopping Experience Report, the e-commerce powerhouse is utilising AI to detect and eliminate fraudulent listings. In 2025, the e-commerce giant successfully removed more than 15 million counterfeit products, as said in a study that was released on 22 April. The report details the
Ekart, the logistics division of Flipkart, has announced that it is deepening its cooperation with IKEA, the biggest furniture retailer in the world. Now that last-mile deliveries in Chennai are being handled by the partnership, Ekart's role in managing large-format logistics for enterprise clients is further enhanced. As
As part of a reorganisation spearheaded by its newly recruited chief technology officer, Starbucks has started to lay off employees in the technology department. The amount of positions impacted is unknown, and the business has chosen not to address the layoffs. These alterations are a result of Anand Varadarajan'
In response to growing financial losses and systemic problems in its operations, Canada Post intends to lay off 30,000 workers over the next decade. According to the organisation's annual report to Parliament, the decrease in employment will be accomplished through retirements and voluntary departures instead of layoffs.
Swiggy's interim protection has been maintained by the Karnataka High Court. Despite raising concerns about relying on third-party comments without cross-examination, the HC has prolonged Swiggy's stay on proceedings before the Competition Commission of India (CCI) in an ongoing antitrust probe. Justice Sachin Shankar Magadum, while
A number of managerial positions will be eliminated by ASML, the most valuable firm in Europe. The company is taking this action as part of its larger strategy to streamline its operations and increase productivity. Following its January announcement to reorganise its organisational chart and remove up to 1,700
Meta is reportedly planning to let off some 8,000 workers in its most extensive round of layoffs since its reorganisation in late 2022 and early 2023. The reports indicate that the layoffs are scheduled for May 20. About 10% of the worldwide staff will be let go in that
In anticipation of an IPO, Walmart-owned Flipkart intends to join the Indian market for movie and live event tickets. The company is thinking about launching a new sector to get into the fast-growing market. In a showdown with BookMyShow and Eternal's District, Flipkart is considering launching the service
As part of its ongoing trademark dispute with Marc Enterprises, Flipkart filed an appeal, but the Delhi High Court rejected it. An earlier order that prevented the e-commerce giant from selling appliances under the "MarQ" brand was essentially upheld by the HC. The issue started in 2018 when
Aiming to grow production and get ready for new programmes, Boeing is hiring more than 100 workers per week at its factories, the fastest rate it has seen in over a year. Every week, the American aircraft manufacturer hires 100–140 new factory workers. The goal of this action was
The business-to-business (B2B) online marketplace JSW One Platform, run by the Sajjan Jindal-led conglomerate, has been in talks with financial advisors about going public later this year. In addition, the company is now in discussions to seek funds through a private round prior to the listing. In order to provide
While Wipro is speeding up its transition to an AI-led operating model, it has been mum about its hiring plans for FY27, despite having hired 7,500 new employees in FY26. The announcement was made in conjunction with the company's fourth-quarter earnings report, in which top executives warned
Google, the tech powerhouse, eliminated 483.7 million ads that violated its policies. Additionally, in 2025, it used its AI platform Gemini to suspend 1.7 million advertiser accounts in India. Released on April 16th, Google's "2025 Ads Safety Report" details the company's global
Indian and international investors could put $2 billion to $2.5 billion into Flipkart in a pre-IPO round. A media source states that the corporation has met with many investment bankers in the past few months. Nevertheless, Walmart will make the final decision on the possible mega round. Walmart currently
Google, Meta, X, Reddit, and Scribd are among the worldwide tech companies that have received notices from the Gujarat High Court (HC). These notifications are issued in relation to the dissemination of AI-generated content that is hosted on these platforms. A division bench consisting of chief justice Sunita Agarwal and
In its worst layoff in almost a decade, the BBC has revealed intentions to eliminate as many as 2,000 positions. The layoffs are part of the national broadcaster's strategy to save some £500 million per year for the next two years. The budget cuts, which were announced
There has been a meteoric rise in the amount of electronics sent from India to China. This expansion is being propelled by Apple's component manufacturing strategy. In a shift away from previous tendencies, Indian vendors are increasingly shipping components to China. Overall, India's exports to China
Snap announced its intention to lay off over 1,000 workers on April 15th. The latest layoffs affect about 16% of the full-time employees, as a result of activist investor Irenic Capital Management's demands that the corporation improve efficiency and productivity. Additionally, the parent company of Snapchat will
To shield small-scale retailers from competition, the government is considering measures including allowing foreign direct investment (FDI) for online sales but requiring international and local merchandise to be stored in separate facilities. According to a media outlet, the government is considering the possibility of mandating the use of separate warehouses.
The Personal Intelligence function is now available to users in India who use Gemini, according to a recent announcement by Google. With Gemini's Personal Intelligence feature, customers can link data from services like Gmail and Google Photos to get personalised answers to their questions. Users whose Google Accounts
The cloud-based enterprise software provider Zoho has denied rumours that it abruptly fired 300 workers. Claiming that the firm had let go of 300 workers, a fake post on the Blind app quickly gained traction. Nevertheless, the firm's long-standing policy against layoffs was restated in an official statement
The Pune BPM unit of Infosys has been the target of harassment claims. As a result, the business reaffirmed its zero-tolerance policy regarding misconduct in the workplace. The matter gained internet prominence and political attention when social media posts accused inappropriate behaviour at the company's Pune plant; the
On 14 April, the Danish pharmaceutical company Novo Nordisk announced a partnership with OpenAI to expedite the development and delivery of innovative patient treatments. As a result of the collaboration, Novo will be able to employ AI to screen large datasets for potential new medications. The business also made a
Co-founder Shashvat Nakrani of BharatPe has resigned from his position as COO. Thus, the fintech company's original founders have stepped down from their managerial roles. This new development highlights the complete change in leadership at the unicorn company situated in Delhi. Over the last several years, in response
A one-time special stock award ranging from above Rs 5 lakh to as much as INR 1 crore was distributed to the bulk of Nvidia's employees based in India by CEO Jensen Huang. In 2024, the so-called "Jensen Special Grant" was launched, adding another layer of
In terms of digital advertising income on a global scale, Meta Platforms is expected to overtake Alphabet's Google by the end of 2026. In the profitable business, it will depose the search engine giant, says Emarketer. Compared to Google's estimated $239.54 billion, the owner of
A former long-serving employee of Oracle has spoken out against the company's recent layoffs. She claimed that workers with imminent stock payments were unfairly targeted. This has added fuel to the fire of controversy surrounding Oracle's workforce restructure. The allegations surfaced following Oracle's most
The first stage of Pi Data Centers' 3 MW facility in central Mumbai has been launched, the company announced. In addition, the business has teamed up with JLL to back its 23 MW expansion of hyperscale, AI-ready, colocation, and cloud data centre capacity all throughout India. The Mumbai facility
Almost eight years after joining Apple, John Giannandrea is likely to depart as head of artificial intelligence. In keeping with the vesting of stock options associated with his initial employment agreement, his departure is anticipated to occur around April 15. In 2018, Apple hired Giannandrea to bolster its machine learning
Salesforce is preparing to reduce its customer service workforce by about 4,000 positions as it addresses a data breach associated with an external app. It has so sparked further worries regarding the platform's handling of customer data. These new developments show how the corporation is rapidly moving
United States-based healthcare technology solutions provider Inventurus Knowledge Solutions (IKS) is reportedly in the midst of a $600 million acquisition bid for Nasdaq-listed TruBridge. The heirs of Rakesh Jhunjhunwala, who passed away recently, are supporting IKS. Consolidating its foothold in the healthcare solutions and revenue cycle management (RCM) segment, this
For this fiscal year, Tata Consultancy Services (TCS) has extended 25,000 new offers. Also, the corporation made it clear that the increase of artificial intelligence (AI) was not the reason behind last year's layoffs, but rather shifts in project delivery methodologies. According to a news agency interview
Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services. Zaggle has announced in a regulatory filing that Generali Central Insurance Company will be the beneficiary of the Zaggle Zoyer platform. The contract's execution will
Tata Consultancy Services (TCS), a prominent IT firm, stated on April 12 that it has always had a zero-tolerance policy on harassment and coercion. Workers at the company's Nashik office who were accused of sexual harassment have been suspended, the firm confirmed. The eight women who worked at
In response to the newly revealed proposed changes to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, MeitY has pushed back the deadline for comments and feedback. Following an earlier deadline of April 12, stakeholders now have until April 29 to provide feedback on the revisions. By
The US Department of Justice (DOJ) announced on 10 April that IBM has settled a federal investigation into the company's diversity, equity, and inclusion (DEI) policies and practices by paying $17 million. The US Justice Department's "Civil Rights Fraud Initiative" unit, established last year
For a limited time, Meta implemented an internal leaderboard to monitor staff usage of AI products. But it goes down within days when worries about the external sharing of sensitive data surface. An effort to integrate AI into routine tasks, the system graded workers according to their level of proficiency
Several high-ranking executives at the Ronnie Screwvala-backed company upGrad are planning to leave or already left, including CFO Venkatesh Tarakkad and upGrad Enterprise CEO Srikanth Iyengar. The departure of Tarakkad was unexpected since he was in charge of group-level finance, governance, and compliance. The timing of his departure couldn'
In keeping with tradition, Tata Consultancy Services (TCS) has reinstated its April compensation increases. Consequently, following a postponement last year, the company is bringing back its conventional assessment cycle, with top performers slated to get double-digit salary hikes. Despite the lack of transparency surrounding the total amount of increases, the
Amazon.com, Inc. is thinking of peddling its chips to other businesses. On April 9th, CEO Andy Jassy announced that the cloud computing firm's in-house silicon operation is expected to generate over $20 billion in revenue for the year. The revelation provides an unprecedented look into the scope
The initial round of layoffs at SpiceJet affected more than 500 workers. The low-cost airline is struggling with a decreasing fleet, increasing dues, and extended salary delays. The decision shows that the airline's financial situation is getting worse; it used to have roughly 50 planes, but today it
The purchases of Simtheory, an agentic workplace, and Ortto, a data and marketing automation startup, have been confirmed by Canva. This is the latest chapter in Canva's laser-like concentration on enterprise workflows, as the two Australian digital startups will expand their toolkit. The Canva team is thrilled to
TikTok plans to build a second data centre in Finland within the next year with a budget of one billion euros ($1.16 billion). Therefore, it is remaining committed to its goal of storing customer data locally in Europe. This comes after parent firm ByteDance’s January achievement in avoiding
The first big product from Meta's Superintelligence Labs effort, Muse Spark, is an artificial intelligence model designed for regular consumer use. A new version of Meta AI, accessible through the company's app and online interface, is now powered by the model, according to a public post
Various media outlets reported that Amazon was planning to lay off 14,000 workers in May, but the company has refuted the rumours. After cutting off 16,000 workers in January, a story went viral on April 8th saying that the corporation is about to lay off even more people.
On 8 April, a worldwide media site stated that Walt Disney is planning to lay off 1,000 people in the next several weeks. Since Josh D'Amaro became Disney's new CEO, this is the first significant round of layoffs. Plans for the impending Disney layoffs allegedly
Flipkart is speeding up its efforts to integrate AI into all aspects of its operations, shifting from planning to doing as it expands AI deployment throughout the company. The e-commerce company, which is owned by Walmart, is moving into a phase where artificial intelligence is no longer seen as experimental,
Several hundred positions will be eliminated worldwide by Sony Pictures Entertainment. The move is part of the studio's ongoing reorganisation under the leadership of CEO Ravi Ahuja. Studio officials have been tight-lipped about the actual number of layoffs that will impact their film, television, and business divisions since
Between May and December of 2026, 120 workers in Orlando, Florida (US), would be let go by HCLTech's US division. As part of an engagement-based operational reorganisation, layoffs may be necessary. The first round of layoffs will start on May 29, 2026, and they will last until the
Oracle will be laying off 710 workers in the San Francisco Bay Area and Santa Monica alone in California, USA. Layoffs will be implemented by 1 June 2026, as revealed in WARN paperwork submitted to the Employment Development Department of California in the United States. Redwood City, Santa Clara, and
Following the recent government relief for Vodafone Idea's dues and liabilities, the telecom department anticipates that the AGR review will be finalised by June. The original deadline for the reassessment was March 31. The Controller of Communication Accounts has reassessed the internal licencing fees, and now the Spectrum
Google and Broadcom have inked an agreement with Anthropic, the company said on April 7th. The purpose of the deal is to assure the availability of next-generation tensor processing units (TPUs) with capacities of multiple gigawatts, which are expected to be operational in 2027. The company's technological solutions
On 6 April's night, SpaceX met with its team of financiers to discuss the upcoming initial public offering (IPO). The firm informed bankers that it intends to allocate a significant number of shares to retail investors. In June, after the IPO roadshow launch, it will hold an event
Companies are being encouraged by OpenAI to try out a four-day work week without lowering salaries. Instead of focusing only on increasing profit margins, the corporation has asserted that AI-enhanced productivity should result in real benefits for employees. The plan was unveiled on April 6th as part of a larger
Nykaa's parent firm, FSN E-Commerce Ventures Limited, hinted on April 6 that it is in talks to acquire a share in skincare brand 82°E. But the business did clarify that they had not struck a final agreement just yet. The firm stated in its exchange filing that
On April 6, Valura.ai, a global investment platform that is AI-native, announced the enrolment of more than 1,000 wealth advisors in India in anticipation of its official launch. With an AUM pipeline of more than INR 3,000 crore expected to be completed within the next 12 to
In order to strengthen its position among small merchants, Magicpin is placing its bets on artificial intelligence (AI). The company is betting that its in-house AI stack can boost digital operations, online discoverability, and sales for retailers; therefore, it has put $1 million into developing it. The business claims that
Many people considered Tata Consultancy Services Ltd to be among the most secure private companies to work for. However, faith has been undermined due to layoffs caused by an AI-powered revolution and significant reductions to variable compensation. Therefore, causing a top-level mass exodus never seen before. In the eight months
Meta is planning to lay off about 200 people in the Bay Area and surrounding regions. The Burlingame, California location will lose 124 jobs, while Sunnyvale will lose 74. Workers in Burlingame will be let go on May 22nd, and those in Sunnyvale will follow on May 29th, as per
Marking its first giant deal in nearly six years, Wipro Ltd has secured a $1 billion, eight-year contract from Singapore-based food processing powerhouse Olam Group. According to an announcement sent to the stock exchanges on 6 April, the IT services firm will buy Mindsprint, Olam's IT arm, for
All cooperation between Meta and Mercor has been put on hold indefinitely. It follows confirmation of a security compromise by the $10 billion AI data contracting startup, which may have exposed confidential training data belonging to some of the world's most renowned AI labs. A media report states
After signing a revised agreement with OpenAI, the parent company of ChatGPT, in 2025, the tech giant is venturing into new research areas in the hopes of bringing its AI models up to speed with competitors. In 2019, Microsoft made a foresightful investment in OpenAI, which was accompanied by an
On April 3, Aditya Kumar, CFO of the publicly traded fintech SaaS business Zaggle, resigned from his position with immediate effect. Kumar stated that he was leaving due to personal matters. He became a part of the organisation in 2022 as VP of finance and was promoted to CFO that
Reliance Jio has been ordered by the country's telecom regulator to end some rate practices that it deemed "discriminatory" and in breach of transparency standards. The corporation has until April 14 to meet two important deadlines set by the Telecom Regulatory Authority of India (Trai). First,
The B2B e-commerce platform Udaan is increasing its focus on the hospitality, food service, and catering industries. Therefore, in an effort to simplify procurement for food-service enterprises, it is expanding its HoReCa-focused vertical, horeca360, to Hyderabad. The brand is currently operating in Bengaluru, the platform will also be available in
On April 3, the tech giant Microsoft announced a 1.6 trillion yen ($10 billion) investment over the next four years in Japan to support its expansion throughout Asia. The investment will help the corporation develop its AI infrastructure in the region where demand has been growing at an exponential
One of Flipkart's most lucrative businesses, Myntra, is undergoing a critical leadership transition as chief executive Nandita Sinha prepares to step aside in upcoming weeks. Her potential successor is Sharon Pais, who is presently the head of Flipkart Fashion. Sinha has been with the Flipkart group, which is
The online tech chat program TBPN, which regularly features CEOs from various industries and has a dedicated Silicon Valley audience, was acquired by OpenAI on 2 April. Technology Business Programming Network (TBPN), founded in 2024 by businessmen John Coogan and Jordi Hays, is said to be one of the most
After six years of developing GenAI solutions for the fashion e-commerce market, NeuroPixel.AI, an AI business based in Bengaluru, has wound down its activities. The company's cofounder and chief executive officer, Arvind Venugopal Nair, announced the decision in a LinkedIn post. Nair explained that decision to wind
The industry has pushed back against the deadline for compliance with SIM-binding rules, but the Centre has apparently extended it to December 31. In response to industry representatives' requests, the government has postponed the implementation deadline of the SIM-binding rule until December 31. By December 2025, the regulations put
IKEA has automated routine customer service duties with the help of artificial intelligence. A new source of income of more than €1 billion (INR 9,000 crore) has emerged as a result of staff promotions to higher-paying positions inside the organisation. A lot of people are worried that AI will
In spite of the ongoing disruption caused by AI to global labour structures, Deloitte intends to recruit 50,000 individuals in India. Fears of job losses have arisen in response to the widespread adoption of AI. The hiring drive, as explained by South Asia COO Nitin Kini, indicates a shift
Starlink, which is run by Elon Musk, and the government of Meghalaya have both signed a memorandum of understanding (MoU). Under the terms of the deal, Starlink will be able to test out satcom services in outlying parts of the state. In order to roll out the satellite broadband service
The marketing department of Sonos Inc. lost some employees on April 1st. According to Colleen DeCourcy, the new chief marketing officer, the division has become too dispersed to move quickly enough to meet the demands of this brand. The makeover is an effort to repair the fundamental structure, not modify
The first in-terminal rapid commerce service in India was introduced at Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai by Adani Airport Holdings Limited (AAHL) in collaboration with Blinkit. Terminal 2, domestic departures, is now offering the service, which integrates app-based delivery straight into the airport. Through the Blinkit app,
A new set of regulations to improve and simplify the country's online commerce exports has been operationalised by the Central Board of Indirect Taxes and Customs (CBIC). The government has lifted the limit of INR 10 lakh per shipment on courier exports under the new regulations. It has
The administrative departments of Karnataka were rocked this week by a phoney government memo that seemed to order the firing of thousands of outsourced workers. Since then, the Karnataka finance department—which answers to Chief Minister Siddaramaiah—has lodged a police complaint. The complaint stated that clearly the paper in
Oracle has slashed jobs across all markets, threatening to fire off as many as 30,000 workers worldwide. Nonetheless, news accounts indicate that thousands of jobs have already been cut in India. Roughly 12,000 people have lost their jobs in India, and more layoffs are on the horizon in
All levels of employment at Unilever have been placed on hold for a minimum of three months. The decision was made in response to the growing number of problems that the conflict in West Asia is causing for businesses. In preparation for the economic consequences of the continuing confrontation with
Government advisories on platforms like Meta, Google, and X might become legally compulsory according to India's planned tougher IT regulations. The government notice seeking public opinion outlines the action, which might result in the loss of safe harbour protections if directions issued by the IT ministry are not
Epic Games said last week that it would be laying off over a thousand workers in an effort to remain financially stable. Mike Prinke, a programmer who has over seven years of experience at the Fortnite creator, was one of those impacted. Jenni Griffin, Prinke's wife, posted a
In a strategic investment round spearheaded by Alpha Wave Global and current supporter Carlyle, Bharti Airtel's data centre affiliate Nxtra is acquiring $1 billion (around INR 9,400 crore). Alpha Wave and Carlyle have each committed $435 million (INR 4,107 crore) and $240 million (INR 2,266
The Electronics Component Manufacturing Scheme (ECMS) has seen 29 more proposals approved by the Ministry of Information Technology (MeitY). Investments of INR 7,104 Cr, 14,246 direct jobs, and an anticipated production pipeline worth INR 84,515 Cr are all part of the revised proposals. With this, MeitY has
Bajaj Finserv is gearing up to establish an AI-centric private equity fund. According to the business, these investments have the potential to become one of the biggest alternative investment funds in India devoted to artificial intelligence. Meanwhile, Bajaj Finserv will use its own funds to put money into AI firms
Using the secret route, B2B manufacturing firm Zetwerk allegedly filed DRHP for its $450 Mn (approximately INR 4,200 Cr) IPO. In a pre-IPO investment round, the business aims to raise $50-60 millions. In the past, Zetwerk's public listing was guided by Mahindra Capital, Avendus Capital, JM Financial,
The majority of OnePlus's offline retail locations in India are about to close. A dramatic shift in the company's approach to the market has occurred as it adopts a direct-to-consumer (D2C) model based on doing business online. A number of partner-run exclusive stores around the nation
Jubilant FoodWorks, a restaurant franchise, recently told the exchanges that a portion of its store networks is experiencing a limited shortage of liquefied petroleum gas (LPG) cylinders. The brand is facing this limited shortfall due to the war in West Asia and its effects on the market. Dunkin' Doughnuts
Nokia is in the process of implementing a significant global restructuring that could result in the elimination of up to 14,000 positions on a global scale. As a result of the company's response to slowing growth and operational inefficiencies, India is anticipated to be one of the