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Index of services production shows 8 sub-sectors record double-digit growth in JuneJune 2026 marked a period of significant double-digit growth across eight service categories, with real estate and retail trade leading the...- Oracle layoffs September 1: Will employees wake up to another ‘6 a.m. email’ tomorrow after 21,000 jobs were cut as AI spending soars?Oracle layoffs 2026: Employees are reportedly bracing for another round of job cuts after Oracle eliminated around 21,000 positions earlier...
- Big Tech can’t disrupt IT: Tech Mahindra CEO Mohit JoshiChief executive Mohit Joshi said that he isn’t concerned about Big Tech firms like Google or AI labs like Anthropic or OpenAI getting into ...
- Data center firm IREN signs new deal with frontier AI lab; quarterly loss hits sharesIREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin m...
- Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Nvidia Ch...
- Zerodha’s growth stalls; IT’s new deal modelZerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
- China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharingThe discussions highlight how China's leading AI models, often far cheaper than Western offerings, are gaining traction in the US, despite ...
- China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing, sources sayMoonshot AI is negotiating revenue-sharing deals with Microsoft, Amazon, and Google. These talks could allow US cloud providers to host its...
- OpenAI says its new Jalapeno chip can make AI faster while using less powerOpenAI unveiled its new Jalapeno AI chip at a recent conference. This processor significantly boosts AI response speeds and reduces power c...
- AI could become a new revenue engine for Indian telecom companies: SurveyIndian telecom providers see artificial intelligence as a major revenue growth driver. They will offer premium connectivity and advanced ne...
- AM Intelligence orders 9,000 Nvidia Vera Rubin GPUs for Hyderabad AI factoryThe order comprising 9,000 Vera Rubin NVL72 rack-scale systems is scheduled for delivery in the first quarter of 2027 and will power the fi...
- IT needs forward deployed leadership on the front lines to navigate AI resetAs AI now rewrites the IT business algorithm beyond recognition, Indian technology pureplays have responded with a talent reshuffle that's ...
- In 1970, Apollo 13 used a wristwatch to time a 14-second burn without computer guidance. 56 years later, the manual maneuver remains a textbook survival feat and a NASA legendWhen Apollo 13 Went Dark, a Mechanical Wrist watch Saved the Mission. After an explosion crippled their spacecraft, the crew powered down t...
- ET World Leaders Forum: Software prowess puts India in a pole position for AI, says Nigel Vaz, CEO, Publicis SapientIndia’s near-term AI advantage lies in using AI to transform businesses rather than competing immediately with the US and China on computin...
- TCS to acquire Porsche IT unit MHP for €320 millionTata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition i...
- Sebi introduces IT Resilience Index for market infrastructure institutions: Here's what you need to knowSEBI has introduced an IT Resilience Index for market infrastructure institutions to strengthen critical systems, cybersecurity and operati...
- Trump-linked RUM Group signs $13.7 billion AI deal with US-based cloud clientUnder the deal, the customer will get access to GPUs and related services from RUM Group's Maysville, Georgia site, which is currently un...
- Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AIAlibaba said on Sunday its HK$80 billion ($10.21 billion) share placement finalised at HK$112.70 apiece - an 8.4% discount to its Friday cl...
- AI volumes may outweigh revenue deflation for IT sector by FY30: ReportCLSA said the industry is facing "multiple macro/micro headwinds", but expects AI to eventually create new growth opportunities. It said AI...
- AI reshapes India's IT services sector contracts as clients demand more for lessOutsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying ...
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