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
Apple sues OpenAI, io Products, and two former employees in a California federal court, alleging misuse of confidential hardware designs and supplier data to accelerate OpenAI’s consumer hardware push, intensifying a fragile partnership that already underpins ChatGPT integration in Apple Intelligence and Siri as more than 400 ex-Apple staff now work at OpenAI.
The Indian government has approved the Dixon Technologies and Vivo Mobile India joint venture under Press Note 3, enabling a new smartphone and electronics manufacturing company with Dixon holding 51%, Vivo 49%, and potential annual output gains of 20–22 million units and ₹30,000 crore in revenue.
SK Hynix CEO Kwak Noh-jung warns the global memory chip market could face its worst supply crunch in 2027 as AI-fuelled demand for HBM and data centre infrastructure outpaces capacity beyond 2030.
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.
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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