'Hiring within IT services firms is going to be very specialised.'
RNFI Services Ltd has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator - Physical (PA-P). This approval allows the company to expand its financial infrastructure into physical, offline, and in-store payments, complementing its existing regulated financial services portfolio.
In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.
Microsoft has launched a voluntary exit programme for eligible employees in India, the US, the UK, and Canada. The initiative offers financial support and career planning resources, with eligible employees in India having until December 1 to decide. The package includes severance benefits and health insurance, aiming to provide flexibility for employees and allow the company to adjust its workforce. This comes as Microsoft continues significant investments in India's AI ecosystem.
Microsoft has announced a voluntary exit programme for eligible employees in India, the US, the UK, and Canada, providing financial support and career planning resources to those who choose to leave the company. The offer, available to employees at level 70 and below in participating teams, aims to offer flexibility and allow businesses to adjust their workforce.
India's Engineering Research and Development (ER&D) sector is projected to exceed USD 100 billion in revenue by 2030, driven significantly by the integration of Artificial Intelligence (AI) into engineering workflows. This growth, highlighted by Nasscom, positions India as a critical global engineering hub, necessitating focus on talent development and strategic partnerships.
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.
L&T Technology Services (LTTS) CEO Amit Chadha announced that artificial intelligence is a net positive for the company, with six key focus areas expected to contribute 80% of revenue in five years. These areas, including digital manufacturing and AI infrastructure, are projected to deliver higher growth and margins, offsetting pricing pressures in traditional IT services. LTTS also inaugurated an NVIDIA-powered AI manufacturing lab in Bengaluru.
Amazon CEO Andy Jassy met Prime Minister Narendra Modi and announced the company's intention to invest an additional USD 13 billion in India by 2030, focusing on expanding AI and cloud infrastructure.
The National Skill Development Corporation (NSDC), in collaboration with Amazon Web Services (AWS) and Cultus Education, has launched a nationwide initiative to provide cloud and AI skilling to 1.5 lakh learners. This programme aims to equip youth, especially from Tier 2 and Tier 3 cities, with essential technology skills and job-ready training, contributing to India's goal of becoming a global innovation hub.
OpenAI and Anthropic are not simply enabling new software capabilities, they are moving directly into enterprise execution, workflow ownership, and decision orchestration.
ServiceNow has announced an expansion of its AI Control Tower offering with new capabilities that give enterprises control over every AI system, agent, and workflow, regardless of where it runs.
The World Bank's "World Development Report 2026" urges developing countries to adopt low-cost AI tools to accelerate progress in healthcare, education, and judicial services. The report highlights AI's potential to boost productivity and improve public services, while noting that jobs in high-income countries are more at risk from automation than those in developing nations.
The move comes amid growing demand from organisations in India for local access to Claude.
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Four people were shot dead at Hotel Bilas Inn in Guwahati on Monday, with another person succumbing to injuries later. Police have launched an operation to apprehend the perpetrators.
A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.
Global companies like LG Electronics, Smartworks, Microsoft, and HCL Technologies lauded Uttar Pradesh's investor-friendly policies, infrastructure, and talent at the GCC Innovation Summit 2026. They shared positive experiences, highlighting the state's swift decision-making and commitment to fostering a conducive environment for Global Capability Centres, leading to significant investments and job creation.
A study by Amazon Ads reveals that nearly 87% of Indian small and medium businesses (SMBs) believe AI has opened up new advertising opportunities, including streaming TV. The research indicates that 75% of surveyed SMBs attribute business growth to AI-enabled advertising, with 68% noting increased creativity. AI is also facilitating international trade for 59% of businesses, though human oversight remains crucial in decision-making.
GE Aerospace is utilising artificial intelligence solutions, developed by its Bengaluru team, to significantly improve aircraft engine inspection, analytics, and maintenance. These innovations have reduced turnaround times by at least five days, enhancing engine durability, reliability, and time on wing, with specific tools like the AI-enabled Blade Inspection Tool cutting inspection times by 50%.
Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.
Jio Platforms' initial public offering has shattered global records by receiving over one crore applications, underscoring immense investor confidence in the company's ambitious plans for technology, AI, and cloud services, with the IPO subscribed almost seven times overall.
Police in Pratapgarh, Uttar Pradesh, have arrested three individuals suspected of involvement in a multi-crore fraud targeting the Pradhan Mantri Kisan Samman Nidhi scheme. The investigation revealed an inter-district gang, with the arrested including a Common Service Centre operator, a contractual government operator who allegedly leaked official credentials, and a network partner involved in money laundering. Authorities recovered significant evidence and are continuing their probe into the wider network.
Commerce Secretary Rajesh Agarwal highlighted the critical need for India to diversify its services exports beyond the dominant IT/ITeS and professional services sectors. Speaking at the Global Fintech Fest 2026, he emphasised the vast potential in the global financial services market, where India currently holds a small share, and stressed how fintech solutions, like UPI, can drive growth, reduce remittance costs, and support MSME trade finance, ultimately leading to sustainable economic expansion.
Haryana Chief Minister Nayab Singh Saini met with a World Bank delegation to discuss advancing Artificial Intelligence, digital governance, and skill development in the state. The discussions focused on leveraging technology to enhance citizen services, with plans to showcase Haryana's AI Sandbox globally and develop a dedicated AI model for the state.
A Goods and Services Tax inspector in Gurugram was caught red-handed by the Haryana State Vigilance and Anti-Corruption Bureau while accepting a bribe of Rs 7,000 from a businessman for issuing a GST registration number. The inspector, Shruti Rani, had allegedly withheld the businessman's file, prompting him to complain to the ACB.
Indian IT companies are experiencing a growing trend towards outcome-based pricing models, moving away from traditional time and material or fixed-price contracts, as artificial intelligence reshapes client engagement and deal structures.
Microsoft has announced the activation of its latest data centre in Hyderabad, significantly expanding its Cloud infrastructure in India and enabling organisations to leverage AI-era services with enhanced local choice and security.
Karnataka Chief Minister D K Shivakumar met with AI major Anthropic to discuss a long-term partnership aimed at accelerating AI adoption across governance, education, healthcare, research, and the state's startup ecosystem. The collaboration focuses on deploying AI solutions responsibly, ensuring data privacy, and developing AI-focused skilling programmes and an AI University.
Indian digital certification authority eMudhra has reported a compromise of private keys for some of its global TLS and code-signing certificates, according to Cert-In. This incident, while eMudhra states it has limited impact on its Indian operations, could allow cybercriminals to impersonate websites. Separately, SBI has disclosed a suspected exposure of nearly 4,000 customer records on the dark web.
An Odisha government assistant executive engineer, Tapan Sethi, was arrested on Friday in a disproportionate assets case after vigilance searches uncovered multiple properties, gold, and other assets far exceeding his known income.
'... but runs with the rigour and discipline of a large enterprise.'
India's largest bank, SBI, is investigating the suspected exposure of 3,897 customer records containing personally identifiable information on the dark web. The bank received alerts on October 16 and has initiated cyber incident response protocols, engaging an independent cybersecurity agency. While a detailed assessment is underway, SBI states the incident has not materially impacted its core business operations. This comes as CERT-In also warned last week about autonomous AI agents accessing confidential data and reported a compromise of eMudhra's private keys.
A Goldman Sachs report indicates that up to 12% of India's non-agricultural workforce is at risk of substitution by generative AI, while 42-48% could be complemented. The report highlights uneven impacts across sectors and job types, with IT-enabled services facing higher risk and physical tasks remaining less affected. Gen-AI is projected to boost India's labour productivity growth over the next decade.
Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.
Global semiconductor giant AMD projects the overall market for compute infrastructure, driven by artificial intelligence, to reach USD 2 trillion by 2030 from USD 365 billion in 2025. The company unveiled new products and its Helios AI infrastructure, emphasising an open ecosystem and significant performance gains over competitors, with India playing a key role in its global rollout.
Five members of a family, including two women, were arrested in Jharkhand's Seraikela-Kharswan district for the murder of a youth and injuring three others. The incident occurred after an altercation at a fast food stall on Mahanavami day, where the victim cancelled a food order due to delay, leading to an attack by the stall owner and family members.
Google aims to complete the first phase of its 1 gigawatt artificial intelligence (AI) data centre hub in Visakhapatnam by late 2028, with full operations across all phases expected within five years, according to Alexander Smith, Principal of Global Infrastructure and Energy for Asia Pacific at Google.
The Special Investigation Team (SIT) has arrested an Assistant Section Officer (ASO), Rohit Koltakke, in connection with the Maharashtra Public Service Commission (MPSC) drug inspector exam paper leak, bringing the total arrests to 13. Koltakke allegedly obtained confidential question sets from MPSC under secretary Abhijit Lendve. The leak compromised the integrity of the March 22 screening examination for Drug Inspector posts.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
