Infosys has suspended recruitment tests for over 20,000 tech applicants after detecting cheating and impersonation, even as it maintains plans to hire at least 20,000 fresh graduates in FY27 amid scrutiny of its talent pipeline.
The Reserve Bank of India has launched a US dollar-rupee swap facility for FCNR(B) deposits and concessional ECB swaps, backed by tax breaks, with economists projecting up to $50 billion in foreign inflows.
Amazon.com Inc. raised a record C$14 billion in Canadian dollar investment-grade bonds, eclipsing Alphabet’s recent sale as hyperscalers tap debt markets to fund massive AI and data center spending.
Apple unveils Siri AI, a reengineered assistant built on Apple Intelligence with on-device models, Private Cloud Compute, multimodal features and writing tools, rolling out across iPhone, iPad, Mac, Apple Watch and Apple Vision Pro on recent hardware, with staged availability in the EU and China.
Tata Consultancy Services signs a multiyear, multimillion-euro, AI-powered managed services deal with Canada Life to modernise IT infrastructure and boost resilience across its European insurance operations.
India’s RBI and federal government introduce a comprehensive package, including tax exemptions and expanded bond access, to attract up to $50 billion in foreign capital and stabilize the rupee.
India’s automobile retail market hit a record high in May, driven by robust demand and electric vehicle adoption, with EV share exceeding 11% for the first time. Tata Motors led EV sales with significant growth.
IMF’s Kristalina Georgieva warns global economies are dangerously vulnerable to the next crisis, citing depleted fiscal buffers and geopolitical shocks. She urges building resilient foundations.
Commerce Minister Piyush Goyal downplays US Section 301 tariff concerns, confident India will finalize the first phase of a bilateral trade agreement with Washington by mid-July, securing preferential market access.
Cloudflare reports automated bot traffic now accounts for 57.5% of all HTTP requests, surpassing human activity for the first time, driven by AI agents.
