AI capex cycle likely to end with market pushback, not spending cuts: Jefferies

Global brokerage Jefferies suggests the AI investment boom might falter not due to tech giants cutting spending, but investor impatience for returns. A significant wealth transfer to North Asia, evident in surging Korean and Taiwanese market caps, highlights where AI capital is flowing. US hyperscalers' recent underperformance and increased debt funding raise concerns about potential capital destruction if returns don't materialize.

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IT services growth likely to stay soft in near term as clients delay discretionary spends: Equirus

India's major IT firms anticipate a subdued first quarter, with growth expected to pick up only when clients shift from cost-cutting to AI-driven transformations. Enterprises remain cautious with spending due to global uncertainties, funding AI through existing savings. While currency tailwinds and better margins are positive, revenue growth is likely to be capped in the near term. Analysts expect some guidance adjustments for the fiscal year.

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Telegram gets 15-day notice from I&B Ministry to curb pirated films and copyrighted content

The government has issued a stern notice to Telegram, demanding it bolster systems to combat pirated films and copyrighted content. The platform has 15 days to report on measures taken to detect, remove, and prevent such infringements. This move, aimed at protecting India's creator economy, follows previous actions against over 3,000 pirating channels and concerns over exam paper leaks.

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ETtech Explainer: Why MeitY wants Google and Apple to remove e-rickshaw battery apps

The Ministry of Electronics and Information Technology (MeitY) issued notices to Google Android and Apple iOS to remove seven mobile apps, according to sources reported by ANI. These apps, which included BAT-BMS, SMART BMS and LOSSIGY, were being misused to disable e-rickshaw batteries.

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Indian IT firms likely to report muted Q1 growth amid AI spending, macro uncertainty

India's Information Technology (IT) companies are expected to report another quarter of subdued earnings growth despite seasonal strength, due to client-specific issues, weakness in select verticals and geopolitical uncertainty. Addressable tech spending in Indian IT companies is expected to remain softer year-on-year as enterprises redirect technology budgets towards artificial intelligence (AI) initiatives and Global Capability Centres (GCCs), according to a report by Systematix Research.

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Bengaluru emerges as India's U30 capital as startup ecosystem turns DeepTech and hardware-focused: Priyank Kharge

Bengaluru has emerged as India's premier hub for young entrepreneurs, with 21 founders making it to the Avendus Wealth - Hurun India U30 List 2026. This surge highlights a significant shift towards DeepTech and HardTech sectors, including AI, SpaceTech, and EVs. The report underscores Bengaluru's robust innovation ecosystem and its growing influence in shaping India's future.

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Username row: After Meta, Centre issues notices to Telegram, Signal

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Our focus is data centres because they are big fibre guzzlers: Corning's Sudhir Pillai

Corning broke ground for a new optical connectivity manufacturing facility in Pune in February this year. The plant is being built alongside the company’s existing optical fibre facility, which has been operational since 2012. The company said the new facility would focus on producing specialised optical connectivity products primarily for hyperscale and AI-driven data centres.

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Zoho's Arattai to drop username feature amid WhatsApp controversy

This comes amid a wider standoff between the Centre and messaging platforms over features that let users connect without sharing phone numbers. The Ministry of Electronics and Information Technology (MeitY) gave Meta three days to respond to a July 1 letter and halt the rollout of WhatsApp's new usernames feature pending government approval. The ministry warned the feature could "materially increase the incidence of online fraud, phishing, digital arrest scams and impersonation attacks."

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Russia warns Apple of $52 million fine over alleged bias against local apps

The ​Federal ⁠Antimonopoly Service ‌said Apple ​must ​ensure Russian ⁠software, including search engines and ​messenger Max, is ​pre-installed on its devices.

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Orchestration layer is new battleground for Indian AI talent

​​Recruiters told ET that hiring for standalone prompt engineering roles has plateaued as companies increasingly seek engineers who can build and orchestrate agentic or autonomous AI systems, signalling one of the fastest shifts yet in the country’s AI talent market.

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