Two major IT giants, Infosys and Cognizant, are locked in a messy legal showdown in the U.S. over accusations of dirty tricks in the healthcare tech space. Infosys claims Cognizant poached its top talent—including a key leader from its Helix platform—to sabotage its business, while Cognizant fires back with claims that Infosys stole trade secrets from its TriZetto platform. It’s a classic corporate feud with big stakes in a lucrative sector.

Big-name companies like Starbucks, FedEx, Frito-Lay, and Microsoft are gearing up for another round of layoffs in July, with nearly 100 employers across tech, retail, and healthcare planning cuts. Microsoft alone might let go of up to 2,500 workers. The reasons? A mix of corporate restructuring, lingering effects from Trump-era tariffs, stubborn inflation, and consumers tightening their wallets.

India and the U.S. are in a high-stakes race against the clock to hash out a trade deal before July 9th—the day Trump’s threatened tariffs could snap back into place. Right now, negotiators in Washington are grinding through their sixth straight day of talks. India’s playing hardball for better access to U.S. markets for goods like textiles and pharmaceuticals, while the U.S. is pushing for lower duties on American farm products, especially dairy. It’s a classic give-and-take, but with billions on the line and political pride at stake.

The Reserve Bank of India (RBI) has promoted Kesavan Ramachandran, a seasoned insider with over 30 years of experience, to the role of Executive Director starting July 2025. He’ll be in charge of the Prudential Regulation Division, a critical arm that ensures banks and financial institutions stay stable and compliant. Ramachandran’s deep background in currency management, banking oversight, and training makes him a natural fit for the job.

Bitcoin is holding steady around $107,000 as traders keep an eye on upcoming US tariff decisions, which could shake things up. While Bitcoin dipped slightly, some altcoins like XRP and Solana managed to climb. The mood in the crypto market is a mix of hope and caution, thanks to fresh ETF investments and whispers that the Fed might cut interest rates soon.

Hero Motors is making another run at going public, tweaking its IPO plans to raise ₹1,200 crore—up from its earlier proposal. The fresh cash injection (now ₹800 crore) will help pay down debt and grow its manufacturing operations. Notably, the company’s financials show promising trends, with rising revenues and healthier margins over the past few years.

IndiGo, India’s biggest airline, is stepping into the long-haul game with its first direct flights between Mumbai and Manchester. The new route, running three times a week, uses leased Boeing 787-9 Dreamliners and is a big leap for a carrier known for its budget-friendly domestic and short-haul flights. The move isn’t just about expanding options for travelers—it’s also a play to boost connections between India and the UK.

Federal Reserve Chair Jerome Powell is doubling down on the central bank’s independence, stressing it must stay "non-political" despite mounting pressure from former President Donald Trump to slash interest rates. Powell’s message is clear: The Fed’s decisions will be driven by economic data, not politics. While rates are staying put for now due to trade uncertainties and potential summer inflation spikes, a July rate cut isn’t completely ruled out—keeping markets on their toes.

Investigators are zeroing in on a possible dual engine failure as the reason behind the tragic Air India Boeing 787 crash in Ahmedabad, which left only one survivor. Flight simulations indicate that issues with landing gear or wing flaps alone wouldn’t have caused the disaster, pointing instead to a more serious technical malfunction.