HSBC warns AI has turned from tailwind to structural threat for India’s IT services sector, with 15–20% of revenue already under pricing pressure and up to 40% at risk by FY27, as automation and generative AI reshape outsourcing demand and long-term growth expectations.
India has expanded customs duty concessions on machinery and components for lithium-ion batteries, display assemblies and wireless charging modules, keeping the exemptions in place until March 31, 2029 to cut import costs and support domestic electronics manufacturing.
Orgvue’s annual survey finds 55% of business leaders who cut jobs because of AI now believe those layoffs were a mistake, underscoring a gap between automation expectations and workforce planning as some employers even rehire staff.
India and Indonesia expand their strategic partnership with new BrahMos and Astra missile deals, a critical minerals supply-chain framework and joint development of Sabang Port, reinforcing Indo-Pacific security and economic resilience.
Mahindra & Mahindra plans 26 new vehicles by 2031, backed by a ₹9,112 crore FY26 outlay and a ₹15,000-crore Nagpur plant, as Anand Mahindra pushes the group into “attack mode” amid global uncertainty.
News
OpenAI launches ChatGPT Work, a GPT‑5.6-powered agent for workplace automation, alongside a unified ChatGPT desktop app and broad release of GPT‑5.6 Sol, Terra and Luna models.
Tata Consultancy Services onboarded 14,000 campus graduates and added 9,279 net employees in FY27 Q1, pushing headcount to 5,93,798. CEO K. Krithivasan said knowledge-worker roles will evolve toward AI-native skills such as prompt engineering, model training, testing and AI lifecycle management, supported by project-based learning and targeted campus hiring.
HSBC warns AI has turned from tailwind to structural threat for India’s IT services sector, with 15–20% of revenue already under pricing pressure and up to 40% at risk by FY27, as automation and generative AI reshape outsourcing demand and long-term growth expectations.
WhatsApp has answered MeitY’s notice over its planned username feature, outlining anti-fraud safeguards as India reviews whether the new system can launch.
AI Trends
OpenAI launches ChatGPT Work, a GPT‑5.6-powered agent for workplace automation, alongside a unified ChatGPT desktop app and broad release of GPT‑5.6 Sol, Terra and Luna models.
Spotlight
The Indian government is reviewing WhatsApp’s upcoming usernames feature over concerns about impersonation, fraud, and user safety before its rollout.
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