India’s SEBI proposes a draft framework for payroll-linked mutual fund investments and social cause donations. The reforms aim to boost investor participation with robust AML safeguards.
India’s MeitY explores a “law-to-code” framework to automate compliance with data protection laws and bolster its data regime against AI cyber risks, complementing the DPDP rollout and AI governance measures.
GitHub confirms a breach where a malicious VS Code extension led to unauthorized access and exfiltration of data from 3,800 internal code repositories, impacting only its internal codebase.
The Reserve Bank of India announces a $5 billion dollar-rupee swap auction on May 26 to inject liquidity and stabilize the weakening rupee, which hit 96.9 against the dollar. The move addresses persistent foreign outflows and high crude prices.
Citigroup warns India may implement tighter capital controls as the rupee hits record lows due to high oil prices and a widening current account deficit. Measures include restricting ODI and foreign earnings repatriation to bolster FX reserves.
India’s EPFO rolls out an AI-driven WhatsApp chatbot to streamline PF services, queries, and grievances in regional languages, enhancing accessibility for millions of subscribers.
AMD CEO Lisa Su projects global AI users to reach 5 billion by 2030, driving significant growth in the AI data center market and highlighting the increasing strategic importance of CPUs alongside GPUs in an ‘agent-style’ AI era.
Skydo gains in-principle GIFT City approval and RBI PA-CB authorization, empowering Indian businesses with multi-currency cross-border payment capabilities for both inward and outward flows. This expands global financial access for over 40,000 businesses.
Google unveils a major AI overhaul for Search at I/O 2026, integrating Gemini 3.5 Flash, information agents, and generative UI for a more conversational and interactive experience.
Meta announces significant workforce cuts and reassignments on May 20, impacting a fifth of employees, as it pivots resources to accelerate its AI strategy and infrastructure development.
