UN chief António Guterres launches the AI Environmental Transparency Initiative, pressing AI companies to disclose data center emissions, water and land use and commit to 100% renewable energy by 2030 amid surging electricity demand and rising indirect emissions at Amazon, Microsoft, Alphabet and Meta.
Meta Platforms invests $900M in Indian fintech CRED, appointing founder Kunal Shah as global head of WhatsApp. This move deepens Meta’s India presence and expands its financial services.
Xiaomi prepares a major push into India’s large home appliance market by 2026, aiming to compete with Samsung and LG. This strategic diversification leverages local manufacturing and its existing ecosystem amid slowing smartphone growth.
EPFO will introduce instant provident fund withdrawals via UPI apps and dedicated ATM cards by June 2026 under its EPFO 3.0 modernization, serving 7.5 crore active subscribers and nearly 30 crore total account holders while maintaining a 25% mandatory retirement reserve.
India’s tech job openings fell to a 28‑month low of 93,000 in June 2026, even as more than 56,000 professionals seek roles after global layoffs, Xpheno reports.
News
Amazon CEO Andy Jassy’s India visit coincides with a major Amazon Now expansion from 15 cities to a target of 300+, backed by new micro-fulfilment centres, a ₹2,800 crore 2026 investment and workforce initiative “Sammaan,” intensifying competition with Blinkit, Zepto, Swiggy Instamart and Flipkart Minutes in India’s quick commerce market.
Bajaj Auto and subsidiary Bajaj Auto Technology Limited report a ransomware attack detected on June 23, 2026, and escalated to CERT-In as manufacturers like Tata Electronics face mounting cyber risks.
The Indian Army has signed an MoU with Zoho Corporation under the JAI mission to advance secure, indigenous digital systems, focusing on transformation, R&D, and skill development while expanding Zoho’s public-sector collaborations.
UN chief António Guterres launches the AI Environmental Transparency Initiative, pressing AI companies to disclose data center emissions, water and land use and commit to 100% renewable energy by 2030 amid surging electricity demand and rising indirect emissions at Amazon, Microsoft, Alphabet and Meta.
AI Trends
Oracle has cut over 21,000 jobs while planning $70 billion in AI and cloud infrastructure spending this fiscal year, positioning itself as a key provider for OpenAI and other AI customers amid a broader tech industry shift toward Artificial Intelligence and cloud computing.
Spotlight
At Reliance Industries’ 49th AGM, Akash Ambani outlined Jio’s dual-track satellite broadband push, combining a sovereign LEO constellation of about 1,650 satellites with leased global capacity, an SES MEO partnership, and new Indian ground stations to compete with Starlink, Amazon Kuiper, and OneWeb while extending coverage beyond 524 million users.
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