India's foreign exchange reserves experienced a notable decline of USD 8.578 billion, settling at USD 726.027 billion for the week ending October 9, marking a continued downward trend from their September peak.
Tata Consultancy Services (TCS) announced a 15 per cent increase in net profit, reaching Rs 13,884 crore for the September quarter, driven by an 11.22 per cent rise in revenue from operations.
India's foreign exchange reserves experienced a substantial drop of USD 18.343 billion, settling at USD 747.557 billion for the week ending September 25, according to the Reserve Bank of India.
India's foreign exchange reserves experienced a substantial decline of USD 14.881 billion, reaching USD 765.901 billion for the week ending September 18, primarily due to a fall in foreign currency assets, as per recent RBI data.
Google Cloud India's Managing Director, Sashikumar Sreedharan, has resigned to pursue a new opportunity. Amit Kumar, previously MD for Digital Natives, has been appointed as the interim head of India operations. The transition was announced by Karan Bajwa, President of Google Cloud Asia Pacific, who highlighted the company's strong momentum in India.
India's foreign exchange reserves decreased by $4.92 billion to $780.78 billion for the week ending September 11, primarily due to a reduction in foreign currency assets and gold reserves, as per the latest RBI data.
HCLTech has announced a global partnership with Anthropic to establish a dedicated business unit focused on developing agentic AI solutions for enterprise clients using Anthropic's Claude. The collaboration aims to help businesses adopt AI systems that operate with minimal human intervention, prioritising safety, cybersecurity, and governance. HCLSoftware will also integrate Claude into its enterprise products.
Union Minister Ashwini Vaishnaw announced that the Indian government will release a draft consultation paper on Artificial Intelligence (AI) regulations within the next 30 days, focusing on safety, a human-first approach, skilling, inclusivity, and harm restriction.
A World Bank report, 'The Promise of Artificial Intelligence', states that AI presents a historic opportunity for low- and middle-income countries to overcome development challenges, despite many being unprepared. It advises these nations to adopt and adapt existing AI tools rather than focusing on building frontier models immediately. The report also notes a significant gap in AI adoption and job automation between high-income and developing countries.
A new HCLTech study reveals that 84% of global wealth management firms recognise the need to redesign their operating models for AI, yet less than 10% are prepared for the transition. The report identifies "blind spots" in ambition, execution, and strategy, hindering effective AI implementation and measurable business outcomes.
HCLTech has launched 'HCLTech Pulse', a new business unit designed to help enterprises with annual revenues between USD 500 million and USD 5 billion accelerate their adoption of artificial intelligence and modernise their technology infrastructure, targeting a USD 400 billion global market opportunity.
TCS chief executive and managing director K Krithivasan stated that the US is unlikely to target tech companies based on their domicile, with actions like the recent green card application programme suspension being driven by local sensitivities around jobs.
Google has chosen four Indian startups -- Terrastack, Varaha Climate, Farmers for Forests, and Climitra Carbon -- for its inaugural Google DeepMind Accelerator: AI for the Planet programme.
National Anti-Doping Agency (NADA) Director-General Anant Kumar highlighted the need for a collective effort from all stakeholders in the Indian sports ecosystem to reduce doping incidents. He made these remarks during a National Roundtable on Doping Prevention in Sports, which discussed various factors contributing to doping and strategies for prevention.
India's largest IT firm, TCS, has received threat-intelligence alerts regarding a potential leak of 'basic' employee data, but the company asserts there is no indication of customer data or operational systems being affected.
Senior executives from Meta, the parent company of Facebook, Instagram, and WhatsApp, appeared before India's child rights body, NCPCR, for questioning regarding alleged advertisements promoting child sexual exploitative and abuse material (CSEAM) on its platforms. This follows a BBC report and a stern notice from the Ministry of Electronics and Information Technology (MeitY) to Meta over the issue.
India's foreign exchange reserves have surged by $12.42 billion, reaching a new all-time high of $729.33 billion for the week ended August 21, driven by increases in foreign currency assets and gold reserves.
Artificial intelligence major Anthropic has launched AI inference capabilities in India through Amazon Bedrock, allowing its Claude AI models to process data within the country's jurisdiction. This strategic move addresses the growing demand from Indian entities, particularly in regulated sectors, for compliance with local data processing norms as per the Digital Personal Data Protection Act. The initiative strengthens Anthropic's commitment to the Indian market, enabling secure and compliant AI deployment for sensitive workloads and fostering trust among major enterprises like Reliance, CRED, and NPCI.
A joint report by Dell Technologies and Zinnov reveals that despite high ambition, nearly 70% of India's Global Capability Centres (GCCs) are stuck at the pilot stage for AI adoption. Foundational gaps in data, infrastructure, and governance are identified as key bottlenecks preventing the scaling of AI initiatives into enterprise-wide production. The report highlights the need for significant reskilling of the workforce and robust foundations for industrialising AI responsibly.
Econz IT Services, in partnership with Google Cloud, has launched Bengaluru's first Gemini Enterprise Experience Centre. This centre provides an immersive environment for businesses to develop and deploy advanced Agentic AI solutions, marking a significant step in enterprise AI innovation in the region.
Wipro has announced an expanded partnership with Google Cloud to accelerate the adoption of Gemini Enterprise and agentic AI. The IT company plans to create a workforce of 10,000 AI-certified specialists, including 1,500 forward-deployed engineers, to work on new Google Gemini-based solutions for enterprises, enhancing productivity and streamlining operations.
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
The Reserve Bank of India's concessional swap facility, designed to boost foreign currency inflows, has successfully attracted USD 40.82 billion by July 31, 2026, with a significant portion coming from Foreign Currency Non-Resident (Bank) deposits.
India's foreign exchange reserves saw one of their largest weekly expansions, surging by USD 14.136 billion to reach USD 707.002 billion during the week ended August 7, according to the Reserve Bank of India.
India's foreign exchange reserves saw a significant increase of $10.512 billion, reaching $692.866 billion for the week ending July 31, driven by a rise in foreign currency assets and gold reserves.
HCLTech announced a robust 21.18 per cent increase in its Q2 FY27 consolidated net profit, reaching Rs 5,132 crore, largely propelled by the strong performance and higher margins from its advanced AI operations and a reduced tax burden.
Instant messaging app WhatsApp temporarily put multiple accounts, including those in India, "under review" for 24 hours, blocking all app features. This disruption prompted numerous affected users to voice their concerns on social media, while a WhatsApp spokesperson acknowledged the issue, stating they are working to resolve it quickly.
India's IT services industry is witnessing a surge in mergers and acquisitions, particularly among mid-cap companies, as AI-led pricing pressure and macroeconomic uncertainty compel firms to seek scale, capabilities, and broader market reach. This trend is exemplified by the recent merger of Happiest Minds Technologies and ITC Infotech, aiming to offer end-to-end solutions and compete for larger transformation programmes.
India's foreign exchange reserves saw an increase of USD 963 million, reaching USD 672.587 billion for the week ending June 19, as reported by the RBI. This rise follows a previous week's drop. While foreign currency assets decreased, the value of gold reserves significantly increased, contributing to the overall growth.
India's largest IT services company, TCS, announced a 4.61 per cent increase in its net profit to Rs 13,349 crore for the June 2026 quarter, with revenues climbing nearly 14 per cent year-on-year.
India's foreign exchange reserves increased by USD 1.08 billion to USD 676.237 billion for the week ended July 17, primarily due to a significant rise in foreign currency assets, despite a drop in gold reserves.
FIFA has announced it will proceed with its consultation process to bring private investment into the World Cup and other tournaments, despite strong opposition and a boycott threat from UEFA. The plan involves creating a $20 billion subsidiary, FIFA Forward Enterprise, to manage commercial and event operations, offering external investors up to 20% stakes.
Tata Consultancy Services (TCS) and Google Cloud have inaugurated a new Gemini Experience Center (GEC) in Mexico City. This facility, the second in Latin America and ninth globally for TCS, is equipped with over 3,000 AI agents and aims to drive industry-specific AI solutions across various sectors. It will help organisations bridge the gap between AI experimentation and implementation, enhancing innovation and data-driven decision-making in the region.
A LinkedIn post by Pooja Sahu, detailing her husband Sourabh's sudden layoff from Oracle after 12 years of dedicated service, including working through holidays and even from a hospital, has gone viral, capturing the emotional toll of the tech giant's latest job cuts.
India's foreign exchange reserves saw a substantial decline of USD 9.985 billion, reaching USD 671.625 billion for the week ended June 12, primarily driven by a sharp decrease in gold reserves, according to the Reserve Bank of India (RBI).
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
India's foreign exchange reserves decreased by $711 million to $681.61 billion for the week ending June 5, primarily driven by a significant reduction in foreign currency assets, according to the Reserve Bank of India (RBI).
India's foreign exchange reserves increased by USD 7.26 billion to USD 674.193 billion for the week ending July 3, as reported by the Reserve Bank of India. This surge follows a previous week's drop and comes after Prime Minister Narendra Modi's appeals to conserve forex.
The move comes amid growing demand from organisations in India for local access to Claude.
