August 3, 2025

Generative AI Revolutionizes India's Fintech Landscape

Generative AI is transforming India’s fintech sector, automating processes and enhancing customer experiences. Startups like Dhan and Easebuzz leverage AI to improve efficiency, significantly reducing costs and response times. Initiatives like Amazon Web Services’ GenAI Accelerator support emerging companies, solidifying India's role as a key player in the global fintech scene.

August 3, 2025

Government Expands PM SVANidhi Scheme for Street Vendors with Higher Subsidies

The Indian government has approved an expansion of the PM SVANidhi scheme, raising subsidized loan amounts for street vendors and introducing UPI-linked credit cards. The initiative aims to support approximately 50 lakh beneficiaries, improving their access to credit and enhancing financial confidence.

August 2, 2025

Atlassian's AI-Driven Layoffs: 150 Employees Let Go

Atlassian announced the layoff of 150 employees as part of a shift towards AI-driven efficiencies, prompting backlash amid the tech industry's growing reliance on artificial intelligence for customer service roles. CEO Mike Cannon-Brookes faced criticism for personal investments even as the company commits to supporting affected employees financially for six months.

August 2, 2025

US Job Growth Slows Down Significantly in July

In July, the U.S. added just 73,000 jobs while the unemployment rate rose to 4.2%. Previous job gains were revised downward by 258,000 jobs, highlighting a weakening labor market and potential implications for Federal Reserve interest rates.

August 2, 2025

Amazon Share Price Declines as AWS Struggles Against Competitors

Amazon.com's share price fell 7% due to concerns over AWS's slow growth compared to Microsoft and Google Cloud. Despite beating Wall Street estimates, AWS's performance raised fears among investors as it grapples with increased competition in AI. Analysts express cautious optimism about Amazon's retail sector, though the focus remains on AWS's future challenges.