India’s information technology sector is shedding white-collar jobs at an accelerating pace as global companies deploy AI systems to replace human workers.
Month: June 2026
Rupee Under Pressure as Rising Fuel Costs and FPI Exodus Weaken Currency to Record Lows
India’s rupee fell to new record lows against the dollar as rising fuel imports and accelerating foreign investor exits drained forex demand.
Anthropic Revenue Run-Rate Hits 47 Billion Dollars in May Up 5x Year on Year
Anthropic’s annualised revenue surged dramatically to approximately 47 billion dollars in May 2026 representing roughly fivefold growth from the prior year.
Anthropic Files Confidential Draft S-1 with SEC as IPO Process Begins
Anthropic registered a draft S-1 registration statement with the Securities and Exchange Commission signalling preparations for an initial public offering.
Foreign Portfolio Investors Exit Indian Stocks Selling Over 20 Billion Dollars in 2026
FPIs sold Indian equities worth over 20 billion dollars since January 2026 outpacing full-year outflows from 2025.
India Net FDI Flows Near All-Time Lows at 0.5 Billion Dollars Over Past Year
Morgan Stanley data showed India’s net foreign direct investment flows fell to near record lows raising concerns about investor confidence.
BJP to Launch 12 Years of Trust Development and Public Welfare Campaign from June 5
The ruling BJP kicked off a major 17-day nationwide outreach campaign marking 12 years of the Modi government with events across all districts.
Donald Trump Calls Modi Great Friend and Expresses Confidence on India Trade Deal
US President Donald Trump expressed optimism about a trade agreement with India calling Prime Minister Modi a great friend.
NEET 2026 Paper Leak Re-Exam Re-Registration Confirmed for June 21 with No Fees for Students
NTA confirmed the NEET-UG re-examination will be held on June 21 2026 with no fresh registration or payment required from affected students.
RBI Launches Digital Payments E-Mandate Framework 2026 for Transparent Recurring Payments
The Reserve Bank of India introduced new rules requiring 24-hour pre-debit notifications for recurring digital payments to improve consumer protection.