Gartner warns enterprise spending on AI coding tools could exceed average developer salaries by 2028 as per‑token pricing drives volatile costs, prompting tighter governance and budget controls.
The Reserve Bank of India has issued draft rules to tighten oversight of AI and machine-learning models in banking, mandating board-level governance, human oversight, explainability standards, and independent validation of third-party systems under a formal model risk management framework.
UN chief António Guterres launches the AI Environmental Transparency Initiative, pressing AI companies to disclose data center emissions, water and land use and commit to 100% renewable energy by 2030 amid surging electricity demand and rising indirect emissions at Amazon, Microsoft, Alphabet and Meta.
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.
Prime Minister Narendra Modi and Slovak Prime Minister Robert Fico elevate India-Slovakia ties to a Comprehensive Partnership, signing 11 agreements spanning defence, digital technologies, labour mobility, higher education, and trade, as bilateral commerce reaches €1,281.9 million and both sides align with the India-European Union Free Trade Agreement.
A US-Iran peace deal ignites a global market rally, sending Brent crude and WTI oil prices tumbling. Asian equities surge, but geopolitical uncertainties persist.
