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.
Apple has resumed accepting credit and debit cards for App Store and iCloud payments in India after five years, aligning with Reserve Bank of India rules, while Apple Pay remains unavailable.
India has set a $1 trillion export target for FY27, with Commerce Minister Piyush Goyal banking on free trade agreements, export promotion missions and lower testing costs to lift merchandise exports to $530 billion and services exports to $470 billion while aligning states and industry with national trade priorities.
News
Chinese AI startup DeepSeek is developing a proprietary inference chip to reduce reliance on Nvidia and Huawei, alongside a planned 50 billion yuan fundraise.
Elevate Education has raised ₹170 crore in a Series D round led by WestBridge Capital to strengthen its AI platform, expand partner institutions, and scale industry-focused higher education programmes in India.
Google will start counting all Android backup data toward Google Account storage from July 7, while rolling out new per-app backup controls on Pixel phones.
Jim O’Neill says BRICS efforts to build alternatives to the US dollar are now credible thanks to advances in payment technology, but policy coordination still lags.
AI Trends
SpaceXAI and Cursor are preparing to launch their first jointly developed AI coding model, built on xAI’s Colossus infrastructure, as SpaceX moves ahead with its $60 billion all-stock acquisition of Anysphere.
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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