Infosys logs 21% jump in Q4 profit

Infosys, India's second-largest IT firm, announced robust revenue and net profit figures for the fourth quarter of FY26. Despite outperforming rivals, the company issued a wider annual revenue forecast for FY27. This cautious outlook reflects global economic shifts and the impact of artificial intelligence on the IT sector.

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Meta tells staff it will cut 10% of jobs in push for efficiency

Meta Platforms is set to lay off approximately 8,000 employees, about 10% of its workforce, on May 20. This significant workforce reduction aims to boost efficiency and offset substantial investments in artificial intelligence development. The company is also freezing 6,000 open positions. Affected employees will receive generous severance packages and support services.

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MS Dhoni, Bumrah, Pandya and others put $11 million in LightFury

Gaming startup LightFury Games has secured $11 million in funding, including investments from Indian cricketers like MS Dhoni, Jasprit Bumrah, and Hardik Pandya. The company aims to build a global AAA cricket gaming franchise, with its mobile-first title, eCricket, slated for a 2026 launch.

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TSMC plans to open chip packaging plant in Arizona by 2029, executive says

Modern artificial intelligence chips, such as those made by Nvidia, are not single chips but several chips glued together with advanced packaging technologies, a step that has become a supply ‌bottleneck for Nvidia ⁠and others. ⁠In a January earnings call, TSMC said it was applying for permits to begin construction ​of its first advanced packaging plant in an existing Arizona facility, but did not give ​a timeline for when it will come online.

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Sundar Pichai reaffirms $185 billion capex spending by Google in 2026

Google plans a massive $185 billion investment in artificial intelligence infrastructure this year. CEO Sundar Pichai highlighted AI's growing role in software development and security. New platforms like Gemini Enterprise Agent and advanced chips like TPU 8t and TPU 8i are being introduced. This significant spending signals Google's strong focus on enterprise AI solutions and future growth.

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SUSE eyes deeper India push as CEO flags growth, open-source demand

SUSE plans to increase investments in India, recognizing it as a significant growth market for open-source technologies. The company aims to deepen partnerships with Indian firms and expand its presence, aligning with the country's strong affinity for open source. This strategic move supports SUSE's global focus on digital sovereignty and AI solutions.

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Competition doesn’t limit growth in India: Groww’s Lalit Keshre on building a full-stack wealth platform

After steering Groww to a blockbuster IPO in under a decade, Keshre was named Entrepreneur of the Year at The Economic Times Awards for Corporate Excellence 2025, having outpaced legacy bank-backed brokerages and established fintech incumbents.

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