Cisco to cut under 4,000 jobs amid AI-led restructuring

IANS | May 14, 2026 10:11 AM

New Delhi, May 14 (IANS) Cisco, a global technology conglomerate, has announced plans to cut fewer than 4,000 jobs globally as part of a restructuring exercise aimed at sharpening its focus on artificial intelligence (AI) and other high-growth technology areas.

WFH mandate not under consideration: Govt sources

IANS | May 13, 2026 5:22 PM

New Delhi, May 13 (IANS) No proposal is currently being considered to mandate work-from-home arrangements for the IT sector, after Prime Minister Narendra Modi's appeal for reduced fuel usage to tackle the fuel price surge, government sources clarified, as per reports.

AI-led models likely to unlock up to $170 bn credit gap in India

IANS | May 13, 2026 2:36 PM

New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.

Australia hikes budget outlay to boost ties with India to $25.3 million

IANS | May 13, 2026 2:26 PM

New Delhi, May 13 (IANS) The Australian government will commit $25.3 million in the 2026-27 budget to strengthen bilateral economic, strategic and maritime relations with India amid the drastic change in the global geopolitical landscape following Donald Trump taking over as President of the United States.