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.
Telegram CEO Pavel Durov accuses Indian telecom giant Reliance of BGP hijacking to sabotage global access amid an India ban, a claim challenged by experts.
News
Getty Images and OpenAI have signed a multi-year deal to bring Getty’s licensed visual content into ChatGPT’s search and discovery features, signaling a shift toward monetized, rights-managed imagery in AI platforms while easing legal and trust concerns for media and technology stakeholders.
Goldman Sachs and Morgan Stanley warn a multitrillion-dollar AI and data-center capex wave is straining credit markets, leaving a large external financing gap that private infrastructure and private credit will be asked to fill.
CISF plans a NATGRID-linked facial recognition network at major Indian airports, routing feeds through a Delhi Data Fusion Centre and ICCC to match passengers against national databases, strengthen real-time monitoring and support law enforcement, while renewing concerns over privacy, surveillance and the use of AFRS and similar tools by agencies like Delhi Police.
Tata Electronics confirmed a cybersecurity incident linked to a World Leaks ransomware dump alleging Apple and Tesla design data, highlighting growing supply chain risks.
AI Trends
Reliance Jio debuts Jio TeleFrame, a wall-mounted smart screen and voice-first agentic AI hub for Indian households, alongside faster Jio Home broadband and the Jio Call Agent network assistant, as Chairman Akash Ambani outlines a shift from app-based services to a personalized Jio AI advisor strategy focused on privacy, consent, and automation.
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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