Global Wealth Summit 2026: Why Aletheia's Jonathan Wilmot believes AI is more than just another market boom
At Moneycontrol Global Wealth Summit, global strategist says AI and machine learning could transform productivity and eventually lower costs of food, energy, housing and healthcare.
Meta may cut up to 16,000 jobs as CEO Mark Zuckerberg doubles down on AI investments
Meta is considering layoffs affecting up to 20% of its workforce as it ramps up AI investments and data centre spending, Reuters reports.
Iran war pushes American MNCs to reassess operations; India GCCs may emerge as refuge
While companies remain cautious on decision-making in the near term, India will benefit from its positioning as a safe harbour and geopolitically stable market, industry experts said.
Karnataka to hire consultant to attract GCCs amid competition from neighbouring states
Karnataka will soon identify a strategic consultant to spot gaps, pitch to global companies, and build an investment pipeline for Global Capability Centres, IT/ITeS firms and data centres.
Onboarding delays at Tech Mahindra; over 1,000 freshers await offer letters
"Across the industry, anticipated demand for fresh graduates has been lower than projected, resulting in a slower pace of onboarding...We remain committed to honoring our campus hiring commitments," a Tech Mahindra spokesperson said.
White House plans executive order to rip Anthropic AI out of federal agencies
White House preparing executive order to remove Anthropic’s Claude AI from federal systems as dispute with the company escalates.
Siemens expects AI demand to revive India’s private sector capex
It is too early to say. Other areas like data centres are fuelling demand and business expectations, Siemens AG CTO and board member Peter Koerte tells Moneycontrol on impact of US-Iran war
Mid-cap IT firms corner 58% of 2025 incremental revenue as enterprises widen vendor pool for large deals
Industry experts say the shift reflects a structural change in the outsourcing landscape, where large deals are no longer the exclusive territory of tier-one IT service providers.
In the age of AI and platforms, trust remains finance’s most valuable currency: Experts
Market downturns, failed transactions or even minor platform glitches can quickly erode confidence among investors who are already anxious about their money, said all experts.
Siemens sees AI-driven shift in workforce mix, India to have smaller tech teams work on value creation for new products: CTO Peter Koerte
The company has about 10,000 software and AI experts across its global innovation centres in Bengaluru and Pune. India is Siemens' fourth largest market, contributing significantly to its revenue growth.
To strengthen startup ecosystem, Karnataka budget proposes incubation centres in tier-2 tech hubs
The government has increasingly been pushing the development of technology ecosystems in cities such as Mysuru, Mangaluru, Hubballi-Dharwad and other emerging hubs in its beyond Bengaluru push
Vanguard reverse transitions part of Infosys’ largest outsourcing deal
The development comes nearly 6 years after Vanguard and Infosys announced a partnership under which the IT firm assumed day-to-day operations, while Vanguard builds a tech GCC in Hyderabad
Tech job openings in India rise 9% in March amid AI-driven hiring uncertainty
Roles in consulting and advisory, business development, sales and marketing, and project management are currently driving hiring demand
How NetApp is rethinking tech hiring amid AI-led productivity gains
NetApp’s largest global innovation centre is in Bengaluru with over 3,600 engineers.
AI contracts start at $10 million while traditional deals run into hundreds of millions: Cognizant CFO
Firms are moving away from building small AI applications that demonstrate tech capabilities to deploying solutions that have a real impact on business operations, Jatin Dalal has said
Accenture buys Ookla-parent unit, Downdetector from Ziff Davis in $1.2 billion cash deal
The acquisition strengthens Accenture’s network intelligence and AI-led enterprise capabilities.
P.E. Analytics to launch AI-powered real estate intelligence platform
The company has also signed a memorandum of understanding with the University of Cambridge’s Department of Land Economy to introduce structured real estate education programmes in India.
Inside IIT Madras Brain Centre: How researchers are building a Google Earth for the human mind
Unlike most frontier neuroscience projects that rely primarily on state funding, this one has been built through a rare mix of philanthropy, corporate social responsibility funding, and government backing.
Operations across tech industry continues as usual, member companies remain vigilant: Nasscom on Middle East conflict
The technology industry body has advised its member companies to enable work-from-home arrangements for all employees in the region.
Iran-Israel war: Indian IT firms may stare at slowdown in discretionary spending, project delays
Middle East & North Africa is a strategic region for most IT services companies, currently accounting for 1-2% of total revenue but remains critical for the industry to diversify beyond North America.
Amid Iran war, Infosys, HCLTech staff safe as executives face travel disruption; TCS suspends Middle East travel
Employees of the IT firms travelling through the Middle East en route to the Mobile World Congress have been affected by flight disruptions.
Pentagon used Anthropic’s Claude in Iran attack hours after Trump’s phase-out order
U.S. military continued to use Anthropic’s Claude AI in operations after President Trump ordered agencies to end use amid a dispute over Pentagon contract terms.
India has the AI talent, but the IP is leaving: MeitY’s Abhishek Singh flags the brain drain problem
MeitY’s Abhishek Singh urges investment in Indian AI talent and outlines plans to scale GPU capacity through private sector participation.
‘As a society, it worries me…’: Vishal Sikka on Jack Dorsey’s Block layoffs being AI driven
“AI not a substitute for critical thinking. We cannot outsource our thinking,” Vishal Sikka, Founder of Vianai Systems and former Infosys CEO said at Rising Bharat Summit 2026.
Need to rethink jobs quickly as AI reshapes work, says ex-Infosys CEO Vishal Sikka at Rising Bharat Summit
Engineering disciplines, he stressed, are becoming even more critical in the AI era
