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Layoff looms as Tech industry sheds over 1 lakh jobs in first half of 2026 amid AI-led cost cuts
Companies like Cloudflare, Cisco, and LinkedIn are also reducing staff, driven by AI and automation's growing influence on operations.
AI Is Trimming Tech Cost But Hitting Hiring Volumes As Well, Says Fractal CEO
Srikanth Velamakanni says AI cuts tech costs but slows entry-level hiring in India.
Nasdaq jumps over 1% as investors return to tech stocks
The Nasdaq led gains at the open as investors returned to technology stocks amid easing geopolitical tensions. Focus now shifts to the June nonfarm payrolls report, a key gauge for future Fed policy.
US futures climb, led by tech, as markets eye Iran developments
Wall Street futures traded higher after reports of a pause in US-Iran hostilities boosted risk appetite and sparked a rebound in tech stocks. Investors are also awaiting the June nonfarm payrolls data later this week.
Tech Mahindra To Deploy Perplexity AI Across Sales, Customer-Facing Teams
The integration of 'Perplexity Enterprise Pro' aims to equip senior sales leaders and customer partners with intelligent tools to research customer priorities efficiently.
New Axis? How Israeli Defence Majors 'Supplied' Advanced Tech To Saudi Arabia, Qatar
The report also cited details from the 2017 US-Qatar agreement for the purchase of F-15QA Ababil fighter jets.
US stock market today: S&P 500, Nasdaq futures jump as investors buy the tech dip; oil near 4-month low - Mint
US stock market today: S&P 500, Nasdaq futures jump as investors buy the tech dip; oil near 4-month lowMint
Apple accuses India of ‘copy-pasting’ rivals' claims in antitrust investigation
Apple has accused India's antitrust investigators of ‘copy-pasting’ its rivals' claims and failing to properly conduct its own investigation in concluding the tech giant breached competition laws, as per a Reuters report.
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
Apple accuses CCI investigators of 'copy-pasting' rivals' claims in antitrust investigation
Apple has accused Indian antitrust investigators of merely copying rivals' claims without independent analysis in its competition law probe. The tech giant argues the findings are flawed and calls for them to be quashed, citing a lack of opportunity to present its case. This marks a significant escalation in Apple's dispute with the Competition Commission of India over its app store practices.
Eleven invests Rs 216 cr into financial services biz, total investment rises to Rs 470 cr
Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.
IAMAI names JioStar Sports CEO Ishan Chatterjee to succeed Kiran Mani as DEC chief
Ishan Chatterjee, CEO of JioStar Sports, now heads IAMAI's Digital Entertainment Committee, succeeding Kiran Mani. Chatterjee highlighted India's digital entertainment boom, driven by tech and evolving consumer habits. He emphasized collaboration among platforms, creators, brands, and policymakers to foster innovation and leverage AI. Deepit Purkayastha remains co-chair.