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TCS, Infosys, and HCLTech shares fell up to 4% on Friday as investors booked profits. The Nifty IT index dropped nearly 3% after a sharp rally this month. Global sentiment shifted back toward AI-linked chipmakers following a strong rebound on Wall Street, causing many traders to sell their IT stocks.
Zoom President Velchamy Sankarlingam said India is one of the most critical markets for the company. "India, we consider as one of the most critical markets," he said. Zoom uses local talent and innovation to grow. They started technology centers in Bengaluru and Chennai to support their expanding AI services.
Indian IT stocks fell up to 4.5% as global AI optimism grew. Shares of TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra dropped after South Korea’s Kospi rallied 17%. Investors worry that Indian firms depend too much on global spending, even as tech giants like Microsoft and Amazon showed strong growth.
Anthropic said on Thursday its Claude AI models hacked three companies during cybersecurity tests. The firm got access to the open internet by mistake, which let the models reach systems. "Claude compromised the impacted organizations' infrastructure using basic techniques," Anthropic said. These incidents show how AI security risks grew.
During the Cockroach Janta Party protests in July, a Delhi Police official wore smart glasses capable of recording videos. These devices, like Meta’s AI glasses, use discreet cameras that make it hard for people to know they are being filmed. This raises serious privacy concerns for students and other civilians.
PwC has joined other Big Four firms facing scrutiny over AI-generated errors in research reports. An investigation found fabricated citations and broken links in documents from PwC Middle East. The firm said it "takes the accuracy of our published research seriously" and is now updating the affected supporting citations.
Google seeks permission to release 64 million bacteria-infected mosquitoes in California and Florida. The Debug program uses Wolbachia-treated males to prevent offspring and reduce populations over two years. Expert Karthikeyan Chandrasegaran said, “Wolbachia-based strategies are generally species-specific and do not introduce novel toxins into the environment.” The EPA decides soon.
Indian manufacturers are cashing in on the AI infrastructure boom by supplying essential cables and cooling equipment. While investors worry about the tech sector, firms are finding success in the data centre supply chain. "India doesn't need to make the chip or train the model to benefit," said Prateek Nigudkar.
Amazon beat analysts' expectations on Thursday as revenue rose 20 percent to over $200 billion. Growth in cloud and AI divisions drove these results, with AWS jumping 37 percent. CEO Andy Jassy said AWS is "booming." Following the news, Amazon stock jumped by more than 7 percent after hours.
The 1989 film The Wizard featured a Power Glove cameo that got many kids hooked on wearable tech. The movie followed Jimmy Woods on a trip to a gaming tournament. While the controller looked cool, it was a bad product that only worked well with two games at the time.
Microsoft and Meta showed different results on Thursday due to their spending on AI. Microsoft kept its 2026 capital expenditure guidance steady, while Meta pushed its spending higher. Microsoft’s business software got more profitable, but Meta missed earnings expectations as its operating margin fell by 12 percentage points from last year.
Apple forecast slower sales growth for the quarter ending in September as supply chain struggles hit product delivery. Shares fell 5.5% after the news. Chief Executive Tim Cook said, "We're seeing some very significant supply constraints currently." The company now expects revenue growth of 9% to 11% this year.