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BusinessPhoto: Amar Business

World Bank Report: AI Narrows Entry-Level IT Jobs, Hiring Cuts in 55% Firms

The World Bank's October 2026 India Development Update reports that AI has not reduced total IT jobs in 10 cities surveyed across 651 companies, but 55% of firms cut new hiring. Mid-level hiring fell in 25% of firms, senior-level in 14%. Adjustments occurred mainly through slower hiring, not mass layoffs. Routine tasks like coding and testing, often done by freshers, are most affected. Large IT firms cut 64,000 jobs, while others added 700,000, raising total IT employment to 4.4 million.

Amar Business·

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PoliticsPhoto: Firstpost

Marco Rubio Discusses India-US Trade, Russian Oil, and Defence Ties

US Secretary of State Marco Rubio spoke with Network18 Editor-in-Chief Rahul Joshi about key issues shaping India-US relations. Topics included the proposed India-US trade deal, Russian oil imports, Pakistan, and defence cooperation. Rubio highlighted challenges and opportunities in bilateral ties during his visit to Mumbai and Jamnagar, emphasizing the importance of deepening strategic and economic partnerships between the two countries.

Firstpost··Mumbai

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BusinessPhoto: Amar Business

Jio Focuses on AI and Cloud, Not Just Telecom: Akash Ambani

Akash Ambani, Managing Director of Jio Platforms, stated that Jio is not merely a telecom company but a high-tech technology firm focusing on AI, cloud computing, and advanced technology. Jio has developed its own 5G core network and cloud-driven radio technology, serving over 533 million customers. Ahead of its IPO aiming to raise ₹30,200 crore, Jio plans to grow revenue through digital services, enterprise tech, and AI.

Amar Business·

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PoliticsPhoto: The Hindu

Rising Crimes and Farmer Issues Highlighted at 60th Shiv Sena (UBT) Dussera Rally

At the 60th Shiv Sena (UBT) Dussera rally, participants focused on rising crimes and the plight of farmers. Meanwhile, the Eknath Shinde-led faction held a separate event in Goregaon, where attendees demanded accountability from officials and warned of political consequences if justice is not served for students affected by recent paper leaks.

The Hindu··Goregaon

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BusinessPhoto: Mint Markets

HDFC Bank Reports Modest Q2 Profit Growth Amid NIM Decline

HDFC Bank's Q2FY27 results showed a 4.7% year-on-year profit after tax increase to ₹19,510 crore. However, the net interest margin (NIM) fell to 3.16%, its lowest in 12 quarters, declining 10 basis points year-on-year and sequentially. This likely contributed to a 2.3% drop in the bank's shares on Monday.

Mint Markets·

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PoliticsPhoto: HT World

Donald Trump Jr. privately opposes Iran war, diverging from Trump

Donald Trump Jr., the eldest son of former President Donald Trump, has privately expressed strong opposition to the US war in Iran, according to a report by The Atlantic. Despite being part of Trump's political team, Don Jr. has repeatedly voiced his disagreement with the conflict, influenced by his friend Charlie Kirk. He has kept these views private and does not intend to publicly break with his father.

HT World·

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