CLOUD SERVICES DEMAND
AI gains fail to cool rising staff costs at Indian IT services firms
Although artificial intelligence (AI) and automation are changing the traditional labour-intensive model of IT services, they have yet to bring down employee costs for the country’s top six IT services companies—Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTM (formerly LTIMindtree).
AI, data, cybersecurity lead tech hiring with 30.3% share in September quarter
In India, the demand for roles in AI, data, and cybersecurity within Global Capability Centers (GCCs) has surged, even amid a slight overall hiring decline. AI and data professional roles saw a 14% increase quarter-on-quarter, while cybersecurity positions grew by 12%. Notably, tier-2 cities like Coimbatore achieved a remarkable 30% growth. By 2030, the GCC workforce in India is projected to reach between 2.7 and 2.8 million.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
Entry norms for GPU bidders eased, but price pain remains
Bidders will not be required to submit a financial bid or commit to service level terms at the first stage, which will be for technical qualification. This is a significant change from the previous IndiaAI process. The minimum technical qualifying score has been reduced to 60 out of 100, compared with 75 under the IndiaAI framework.
ETtech Explainer: Why Meta is raising billions through bonds
Developing AI models and offering AI-powered services requires enormous computing capacity. This involves building data centres, purchasing specialised chips and servers, expanding cloud infrastructure, and securing the electricity needed to run these facilities.
Google loses nearly half a trillion in market value: What went wrong with Alphabet?
Alphabet lost $482 billion in market value after its shares plunged nearly 13% following disappointing third-quarter results. Despite 103% growth in Google Cloud and more than 1 billion Gemini users, weaker search revenue and negative free cash flow raised fresh concerns about AI spending and Google’s advertising business.
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Meta raises $15 billion through bond sale to fund AI infrastructure expansion
Meta Platforms is raising $15 billion through a five-part bond offering to fund its expanding artificial intelligence infrastructure investments. The fundraising highlights the growing reliance of major technology companies on debt and equity markets to finance the global AI race.
Personalised festive experiences key to brand loyalty for 72% of Indian shoppers: Survey
A recent survey indicates that 72 percent of Indian holiday shoppers prefer brands that provide personalized experiences. Consumers are increasingly seeking brands that demonstrate understanding of their preferences and offer seamless engagement. The survey found that 68 percent of respondents favor brands with an omnichannel presence for better communication. Additionally, shoppers are concerned about data security, which influences their loyalty just like festive offers.
Why is Microsoft borrowing $25 billion after offering buyouts to 60,000 employees?
Microsoft 25 billion bond sale: Microsoft is raising $25 billion through a bond sale as AI infrastructure costs rise, days after offering voluntary buyouts to nearly 60,000 employees. The company expects up to 3,000 employees to accept the exit offer as it prepares to spend $175 billion on capital expenditure in 2026.
AI on the clock as fintechs demand payoff for spends
September-quarter earnings calls of Paytm, Pine Labs, Groww, PB Fintech, Kissht and Mobikwik reveal a shift across payments, stockbroking, lending and insurance. AI is moving beyond chatbots and experiments into decisions affecting the cost of acquiring, serving and retaining customers.
Elon Musk vs Sam Altman: After OpenAI CEO questions people's RAM usage at home, Musk defends ordinary users with a meme
Elon Musk has taken a dig at OpenAI CEO Sam Altman after the latter questioned why people keep large amounts of RAM in their personal computers when the limited memory supply could be used more efficiently by AI data centres. Sharing a meme on X, Musk defended ordinary consumers. The exchange comes amid a global memory shortage that is driving up prices of PCs, smartphones and other electronic devices.
HCLTech launches AI agents to automate enterprise mainframe operations
HCLTech has introduced an innovative AI-driven operations solution designed to help companies upgrade their mainframe systems. This advanced offering focuses on boosting operational efficiency and meeting the urgent need for modernization. By combining cutting-edge AI agents with professional human oversight, HCLTech aims to optimize the management of vital systems, embodying a forward-thinking strategy for operational intelligence and system management.
AI is driving up memory prices. So why is Sam Altman questioning your PC's RAM?
OpenAI CEO Sam Altman has questioned the need for large amounts of RAM in personal computers, arguing that much of the memory remains unused and could be utilised more efficiently through centralised cloud infrastructure. However, his remarks come at a time when the AI industry's growing demand for computing power is contributing to rising memory prices, making smartphones, PCs and other consumer devices more expensive.
Wall Street tech rout deepens on doubts over AI spending
Major US tech stocks have taken a hit as investors react to underwhelming earnings and worries about AI spending. Giants like Microsoft, Amazon, and Alphabet revealed hefty investments in AI systems along with rising debt. Intel's troubles intensified with a disappointing revenue outlook, driven by costly components and fierce rivalry.
Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepen
Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.
Reddit stock plunges 30% as Google's AI search threatens traffic and user growth
Reddit shares plunged 23% after the company warned that Google's AI powered search features were hurting referral traffic and could lead to a decline in daily active users. Pinterest also fell after issuing a weaker revenue outlook, as pressure on European cross border sellers weighed on its business and growth expectations.
Amazon's biggest cash burn in history: Why $42 billion vanished in just a year?
Amazon has reported the record losses of $42.4 billion free cash flow deficit in the last 12 months ending on September 2026 as spending on artificial intelligence (AI) and cloud infrastructure has increased. The capital expenditure of the company has reached $77.3 billion in the third quarter. Despite this, Amazon Web Services saw a 39% increase in revenues to $46 billion.
Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
The wipeout would amount to slightly more than SpaceX's entire market value. The index has fallen over 5.8% so far in October as the AI trade ran into turbulence, with hyperscalers Meta Platforms, Alphabet and Amazon.com raising spending forecasts further as they race to expand AI infrastructure.
Explained: Why AI giants Google, Amazon, Intel shares crashed up to 23% in a single day
Shares of Alphabet, Amazon and Intel plunged on Thursday as investors fretted over rising AI spending, weakening cash flows and a subdued outlook. Alphabet shares fell over 13% after its Q3 results missed Wall Street estimates, with slowing search advertising growth and higher AI investments weighing on sentiment.
Amazon projects fourth quarter sales below estimates
It expects revenue of between $240.0 billion and $247.0 billion in the fourth quarter, compared with analysts' average estimate of $244.51 billion, according to data compiled by LSEG.
Amazon cloud business accelerates but shares drop on profit miss
Amazon experienced a notable decline of over seven percent in its shares following the release of its quarterly earnings, which failed to meet analyst forecasts. The tech giant reported a total revenue of $201.9 billion, revealing struggles across multiple sectors. Nonetheless, the growth of its AWS cloud division stood out as a silver lining.
Google shares crash 13% after $9 billion cash burn sparks AI spending fears
Alphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit fell 25% to $26.17 billion despite a 25% revenue jump to $127.58 billion. Negative free cash flow of $9.1 billion and surging capital expenditure raised market concerns.
If you’d invested $1,000 in Oracle stock 20 years ago, here’s how much you’d have today
Oracle stock shot up in September 2025 after OpenAI agreed to buy $300 billion of computing power from it over five years. The mood then changed. Oracle planned $50 billion in capital spending for fiscal 2026, had negative free cash flow and carried more than $100 billion in debt. By March, the shares had lost more than half their value from the peak. On October 28, Oracle closed 10.73% higher at $144.54, its best day since May.
Microsoft, Oracle outshine Alphabet as investors demand AI returns
Wall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on strong cash flow prospects, while Alphabet shares plunged amid rising capital expenditure and slower search growth. Investors are prioritising sustainable returns, profitability and cash generation over aggressive artificial intelligence infrastructure expansion.
Jio Platforms' post-IPO playbook: What's ahead for No. 2 of Dalal Street?
Reliance Jio Platforms made a blockbuster stock market debut, listing at a 21.4% premium and reaching a $131.5 billion valuation. After India's biggest IPO, investors are watching Jio's next growth engines: tariff hikes, broadband expansion, artificial intelligence, cloud services and stronger cash flows. Can Akash Ambani turn Jio's digital ambitions into sustained earnings and long-term shareholder returns?
Akash Ambani announces Jio’s next big mission after data: Bring AI, cloud and space connectivity to every Indian
Jio Platforms made a strong stock market debut, listing at a 21.3% premium after its Rs 30,200 crore IPO was fully subscribed within 95 minutes. Managing Director Akash Ambani outlined Jio’s next phase of growth, focusing on democratising artificial intelligence, cloud computing, space connectivity and emerging digital technologies to transform lives across India.
AI bubble bursting or just letting out air? Neoclouds may offer clues
Elon Musk has warned that over 200 neocloud companies may face significant challenges, including potential failures and consolidation. Despite high demand for AI computing capacity, rising credit costs impact the financial stability of these companies. Research firm Gartner anticipates that more than 80% of neocloud providers may cease independent operations by 2030. Tighter credit conditions could restrain excessive AI spending without affecting overall investment growth.
Microsoft, Amazon and Google may spend $600 billion on AI in 2026. Will investors see returns?
Microsoft, Amazon and Google could spend as much as $600 billion on AI in 2026, but investors want to know whether the massive investment will deliver returns. As the tech giants prepare to report earnings, cloud growth, cash flow and rising infrastructure costs are coming into focus.
Jio Platforms shares to list on BSE, NSE tomorrow; GMP signals 22% premium
Jio Platforms shares are set to list on the BSE and NSE on October 28, with the IPO commanding a grey market premium of around 22%. The Rs 30,213-crore issue was subscribed 22.19 times, led by strong institutional demand. Investors will watch the listing amid Jio’s growth ambitions and financial performance.
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