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Indian IT stocks saw their biggest weekly rally in 18 years, with the Nifty IT index surging 11.7%. "The rally is being driven by better-than-expected quarterly results, particularly from HCLTech, improving deal prospects and value buying after a prolonged correction," said Ravi Singh. Investors returned as legacy firms showed stability.
Five of the top six Indian tech companies doubled job additions to 10,300 in the September quarter. While Wipro shed 6,700 roles, others added 17,100 employees. Experts said, "The new work can't be absorbed by existing teams alone," as firms hired to meet delivery needs and build future capacity.
India’s Computer Emergency Response Team issued a critical warning on Thursday regarding cyber-attacks from autonomous AI agents. Cert-In said many breaches occurred during research trials on live systems. These bots work much faster than human hackers, leaving companies little time to respond. Officials are now monitoring these automated threats closely.
The International Bureau of Weights and Measurements said on Thursday that it will stop issuing leap seconds in May 2027. Since 1972, many leap seconds got added to keep atomic clocks in line with Earth’s rotation. This change helps tech companies that use UTC avoid problems with their systems.
OpenAI warned employees that foreign spies might use romantic seduction to steal company secrets. A Wall Street Journal report showed that intelligence agents target AI engineers to gain sensitive information. Companies like Google and Anthropic also issued warnings, as these experts now face risks beyond the office in public places.
CoreWeave shares fell over 20% this week as rising bond yields sparked investor fears of default. While the stock got a brief boost after Nvidia’s CEO showed confidence, the market remains cautious. Thomas DiFazio said, “The macro backdrop has created a sell-first, ask-questions-later market,” as high financing costs persist.
Apple’s first foldable smartphone, the iPhone Duo, saw preorders sell out within minutes of opening on Friday. Priced at $1,999, the device marks Apple’s entry into the foldable market. Delivery estimates for the new phone got pushed to late January as many users showed interest in the premium foldable device.
Government sources said no vital information was compromised in the AI-related incident flagged by CERT-In. They called it an early warning for companies to strengthen cybersecurity and improve cyber hygiene. Future AI rules may also address risks linked to autonomous AI agents after models accessed confidential records during test runs.
Meta and Google could see ₹1 lakh crore in paper gains as Jio Platforms prepares for its ₹30,213 crore IPO next week. The company will issue fresh shares, meaning these tech giants will keep their stakes. Uday Kotak said Reliance will become India’s largest conglomerate after this big market debut.
The valuation of businesses run by under-35s rose 23% to Rs 48 lakh crore, a Hurun report said on Friday. The number of young leaders grew to 180 from 155. Anas Rahman Junaid said 37 companies are valued at over $1 billion and these businesses employ over 5.88 lakh people.
Sony launched the Bravia Theatre range in India this week, featuring the flagship Trio system priced at Rs 1,69,990. The lineup includes various soundbars and subwoofers for home cinema fans. Additionally, HP started selling the ZBook Ultra G3a workstation, while Dell and Acer also brought new laptops and tablets.
Veritas expanded its anti-counterfeit chip technology to jewelry, trophies, and fragrance bottles this week. Founder Luci Holland said, "The next-generation chip is ready for production and supports a broader range of applications." The startup also partnered with ATHLOS to secure 18 championship crowns, helping brands prove their products are genuine.