Indian stocks and rupee fall on global selloff, further escalation in West Asia
3 min readJun 8, 2026 10:51 AM IST Indian equity markets and the rupee opened lower on Monday as escalating tensions in West Asia triggered a global risk-off sentiment. (File Photo) The Indian stock and currency markets opened weaker on Monday, following other big global markets, as further escalation in the situation in West Asia […]
Tech industry cut 38,242 jobs in May, worst since 2024
And 40% of job cuts across all industries were blamed on AI that month. Technology companies announced 38,242 job cuts in the US in May 2026, the highest monthly total for the sector since August 2024, according to research by employment placement company Challenger, Gray & Christmas. So far this year the company has observed […]
Making sense of too much code
App creation is up but app adoption is down. Turns out success in the marketplace requires marketing, documentation, and a lot of work that isn’t software development. Anyone can build an app now. But nobody seems to care. Well, not nobody. VCs keep funding startups that add AI to, well, everything. But users aren’t buying […]
How AI Is Taking Over The Director’s Chair
For decades, the industry operated one-dimensionally, with large production houses controlling access to expensive cameras and movies requiring hundreds of crores in investment, large crews and years of execution. But the rise of generative AI has begun to challenge this model. A case in point is JioStar’s AI adaptation of Mahabharat, which clocked 6.5 Mn […]
Pinterest signs US$4bn AWS cloud deal for AI workloads
Lendingkart’s last stand: a founder, a Temasek unit, an outdated deal, and a $600M wipeout
Enter your email address to receive a daily summary of all our stories. Sometime in the second quarter of 2022, Harshvardhan Lunia, the founder and then CEO of the fintech Lendingkart, boarded a flight from Ahmedabad to Mumbai. The agenda was simple: to acquire Upwards, a fellow lending company. With over 110,000 active loan accounts […]
AI alone won’t change your business. The system running it will.
AI has arrived in the enterprise, and the shift is happening all at once. Every function, every role, every workflow is being reshaped. At the same time, a new class of organizations is emerging, one that will look fundamentally different from the companies that defined the last era of business. The winners won’t be those […]
Try the new console experience in Amazon Bedrock, optimized for Anthropic- and OpenAI-compatible APIs | Amazon Web Services
AWS News Blog Today, we’re announcing a new console experience in Amazon Bedrock for you to experiment, iterate, and scale with the latest AI models on Amazon Bedrock’s next-generation inference engine built for high performance, reliability, and security. This console has a refreshed workflow optimized for bedrock-mantle endpoint, which supports the latest GPT, Claude, and […]
Foodiebay to Zomato: How Deepinder Goyal’s baby became a big player in the food market – The Economic Times Video | ET Now
Klassroom Eyes Going Public In Q2 FY27; Secures In-Principle Approval For SME IPO
SUMMARY Klassroom is planning to launch its initial public offering (IPO) on the BSE SME platform in the second quarter (July to September) of FY27, sources shared with Inc42 The proposed IPO comprises a fresh issue of up to 19.89 Lakh equity shares and an offer-for-sale (OFS) of up to 4.66 Lakh shares Founded in […]