Technology Sector

India's information technology sector witnessed a notable 16% year-on-year surge in hiring activity in April, signaling renewed momentum after a period of volatility. This growth is driven by aggressive adoption of artificial intelligence, the modernization of cloud infrastructure, and the continued expansion of Global Capability Centers (GCCs). A new report by job platform foundit highlights that skill-based hiring now dominates the recruitment narrative, with practical expertise outweighing formal qualifications.

At Computex 2025 in Taipei, Acer revealed an expansive portfolio of next-generation laptops and monitors designed for a wide spectrum of users—from casual consumers to hardcore gamers and professional content creators. Headlining the announcement are the Swift Edge 14 AI, which undercuts the MacBook Air in weight while offering advanced AI features, and the Predator Triton 14 AI, a high-performance machine balancing portability with creative and gaming power.

In a significant move to modernize and streamline its trade defense mechanism, the Indian government is preparing to roll out a digital platform that will allow electronic submission of documents in trade remedy investigations. Spearheaded by the Directorate General of Trade Remedies (DGTR), the initiative aims to boost transparency, accessibility, and efficiency in handling trade disputes. With over 1,200 trade remedy investigations since 1995, India has used these tools to protect critical industries from unfair international practices.

As the smartphone industry braces for another cycle of high-performance releases, OnePlus is set to expand its flagship portfolio with the anticipated launch of the OnePlus 13s. Positioned strategically between the OnePlus 13 and 13R, the 13s promises a blend of top-tier specifications at a competitive price. Leaks indicate a price point around Rs. 50,000, suggesting an attempt to redefine the premium mid-range category.

OpenAI has expanded access to its latest large language models, GPT-4.1 and GPT-4.1 mini, by integrating them directly into the ChatGPT platform. These models, which had previously been limited to API users, are engineered for enhanced coding and web development capabilities, promising improved speed and safety performance. In tandem with this update, the company is phasing out its GPT-4o mini variant from ChatGPT, signaling a shift in strategy focused on optimizing functionality without compromising safety.

Abbott India has posted robust financial results for the fourth quarter and full fiscal year ending March 31, 2025, driven by consistent revenue growth and operational efficiency. The pharmaceutical major reported a 28% year-on-year increase in Q4 net profit to Rs. 367 crore, supported by a rise in sales to Rs. 1,605 crore. For the full fiscal year, net profit climbed to Rs. 1,414 crore, with annual revenues reaching Rs. 6,409 crore. The board has proposed a final dividend of Rs. 475 per share.

In the wake of recent remarks by former U.S. President Donald Trump urging Apple to relocate iPhone production to the United States, Apple has reassured Indian authorities that its long-term manufacturing and investment strategy in India remains firmly on track. Indian officials reached out to the tech giant following Trump’s comments at a business event in Doha. Despite political pressure in the U.S., Apple emphasized that India will continue to play a crucial role in its global supply chain. With India contributing around 15% to Apple’s global iPhone output and exports exceeding Rs.

Neon Cloud, the cloud platform launched by IT firm Progression, has entered a strategic alliance with Virtuozzo, a global full-stack cloud technology leader. This collaboration aims to offer scalable, cost-effective cloud infrastructure and platform-as-a-service (PaaS) solutions tailored specifically to the needs of Indian small and medium-sized businesses (SMBs), startups, and software providers.

Singapore’s sovereign wealth fund, GIC, is poised to acquire a 2.14% equity stake in Billionbrains Garage Ventures, the parent entity of Indian fintech unicorn Groww. The proposed transaction, filed with India’s Competition Commission (CCI), forms part of a larger capital infusion potentially aligned with Groww’s pre-IPO funding strategy. While the financial technology firm reported a net loss due to one-time tax expenses in FY24, its operational performance and revenue trajectory signal strong underlying growth.

Zaggle, a leading financial technology company, has announced a strategic partnership with Mesh Payments, a global travel and expense management provider, to enhance global spend management solutions for Indian multinational corporations. This collaboration aims to streamline corporate expense processes across key international markets, including the US, Europe, and Latin America, by leveraging Mesh’s capacity to issue corporate cards globally. Additionally, Mesh’s global clientele with operations in India can utilize Zaggle’s comprehensive spend management ecosystem.