Amazon and Future Coupons Private Limited have settled their six-year legal battle, with Future Coupons agreeing to pay over ₹11 crore. The agreement resolves disputes stemming from Amazon’s 2019 investment and a breach allegation related to Reliance Retail, closing a significant chapter in India’s foreign investment and arbitration landscape.
Anthropic launches Claude Security public beta, using AI akin to a human researcher to detect complex code vulnerabilities for Enterprise customers. Powered by Claude Opus 4.7.
Amazon Now reports 25% month-on-month growth in India, driven by Prime members and micro-fulfilment expansion, intensifying competition in the quick-commerce market.
Cognizant Technology Solutions plans about 4,000 job cuts under Project Leap, redirecting savings into AI capabilities, digital services, and workforce upskilling while hiring over 20,000 graduates.
The UN and Conscious Advertising Network warn AI’s unchecked use in the $1 trillion ad industry escalates disinformation, fraud, and threatens journalism. Urgent action for transparency and regulation is called for.
Adobe completes its $1.9 billion acquisition of Semrush, integrating SEO and brand visibility to boost enterprise customer experience amidst the rise of AI interfaces and generative AI platforms.
Kotak Institutional Equities warns India’s IT services sector faces prolonged sluggish growth and AI-driven revenue deflation through FY2029 as budgets move from traditional outsourcing to GPU infrastructure, foundation models, and AI software, pressuring pricing and delaying a meaningful recovery until after FY2027.
NPCI meets Amazon Pay, CRED, MobiKwik, WhatsApp Pay and others to address UPI concentration, PhonePe and Google Pay dominance, and revive its 30% cap.
MeitY has warned VPN providers and intermediaries to block access to illegal betting and prediction platforms like Polymarket, tightening India’s crackdown on crypto-backed online gambling and signalling tougher enforcement under the IT Rules, 2021 and online gaming regulations.
India is negotiating with the US and Anthropic for access to Claude Mythos, balancing frontier AI cybersecurity capabilities with national security risks.
