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Eros Innovation Launches Cultural AI Platform Across 34 Languages

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Eros Innovation has officially unveiled its Cultural AI Platform, introducing what it describes as the world’s first artificial intelligence ecosystem built to understand, preserve, and express culture across languages and digital experiences. Initially showcased at the IndiaAI Impact Summit in February 2026, the platform is now live in 34 global languages. At its core are two proprietary technologies—Eros LCVM (Large Cultural Voice Model) and Eros Persona AI—which together form the foundation of a new category the company calls “Cultural AI.” Unlike traditional AI models that primarily focus on language processing and content generation, the Cultural AI Platform is designed to capture cultural context, emotional expression, identity, and performance nuances. Eros says its LCVM technology can generate performances lasting up to five minutes while maintaining voice consistency, accurate lip-syncing, emotional depth, and cultural authenticity across multiple languages. The platform is powered by a rights-cleared dataset comprising more than 11,000 films and over 100,000 characters. It integrates multilingual voice generation, music creation, storytelling, character performance, and persistent digital identities within a unified AI architecture. Accessible through the Eros Universe Super App, the ecosystem enables creators to build, animate, and engage with culturally intelligent digital personas. The platform consists of five interconnected layers: Eros LCM for cultural intelligence and storytelling, Eros LCVM for voice, music, and performance generation, Eros Persona AI for persistent digital identities, Eros Creator for enterprise and creator tools, and Eros Universe as the consumer-facing distribution platform. The company emphasized that all AI-generated Personas are fictional identities and are not intended to replicate or represent real-world actors, performers, or public figures. Commenting on the launch, Ridhima Lulla, Co-Founder and Co-President of Eros Innovation, said the platform is the result of years of research focused on building AI systems capable of understanding culture rather than merely processing language. Founder and Chairman Kishore Lulla described LCVM as a significant step toward advancing India’s sovereign AI vision, calling it the voice layer that enables cultural intelligence to be experienced across 34 languages. The platform was formally launched by S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), who highlighted the importance of developing AI technologies that preserve linguistic diversity, cultural heritage, and creative traditions as India strengthens its sovereign AI capabilities. Source: ANI

Eros Innovation Launches Cultural AI Platform Across 34 Languages Read More »

CIBC Chooses Hyderabad for New GCC, Eyes Creation of 2,000 Jobs

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Canadian banking giant CIBC (Canadian Imperial Bank of Commerce) has announced plans to establish a Global Capability Centre (GCC) in Hyderabad, strengthening the city’s position as a key hub for banking and financial services operations. The new facility is expected to begin operations in July and will support the bank’s global technology, digital, and financial services functions. According to officials, the GCC is projected to generate over 2,000 employment opportunities in areas such as banking technology, data analytics, and related domains over the next few years. With this move, CIBC joins a growing list of global banking and financial institutions that have set up operations in Hyderabad, including HSBC, Barclays, JPMorgan Chase, American Express, UBS, and Wells Fargo. In a separate development, food and beverage major Nestlé has also selected Hyderabad as the location for its upcoming GCC. The facility, expected to become operational in the coming months, is anticipated to boost innovation, strengthen supply chain capabilities, and create new employment opportunities in the FMCG sector. Source: Economic Times

CIBC Chooses Hyderabad for New GCC, Eyes Creation of 2,000 Jobs Read More »

Anthropic Reaches $965 Billion Valuation Following $65 Billion Funding Round

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Artificial intelligence startup Anthropic has announced the completion of a $65 billion Series H funding round, pushing its post-money valuation to $965 billion. The company said the fresh capital will be used to expand computing infrastructure, meet rising demand for its AI assistant Claude, and accelerate product development. With the latest valuation, Anthropic has surpassed rival OpenAI, which was valued at $852 billion following its funding round in March. The company highlighted strong business momentum, noting that enterprise adoption of its AI solutions has continued to increase globally. Anthropic also revealed that its annualized revenue run rate exceeded $47 billion earlier this month, reflecting growing demand for its services. This marks a significant jump from February, when Anthropic secured $30 billion in funding and was valued at $380 billion. The latest investment round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. The funding package includes $15 billion in previously committed investments from major cloud providers, including a $5 billion contribution from Amazon. Amazon has been one of Anthropic’s biggest backers. In April, the tech giant announced plans to invest up to $25 billion in the AI company. As part of the partnership, Anthropic has committed to spending more than $100 billion over the next decade on Amazon’s cloud infrastructure. The new commitment comes on top of the $8 billion Amazon had already invested in the startup. The funding underscores the intense competition among leading AI firms as they race to develop advanced artificial intelligence models and secure the computing resources needed to support rapid growth. Source: Reuters

Anthropic Reaches $965 Billion Valuation Following $65 Billion Funding Round Read More »

Arvind Fashions Appoints Former Unilever Executive Lakshmi Krishnan as CHRO

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Arvind Fashions has named Lakshmi Krishnan as its new Chief Human Resources Officer as the fashion retailer strengthens its leadership and organisational capabilities to support future growth. Krishnan joins the company with more than 25 years of experience across human resources, organisational transformation, leadership development and talent strategy, having worked across India, Southeast Asia and the United Kingdom. The company said she will lead its people and culture agenda during a key phase of business expansion, with a focus on building stronger leadership pipelines, enhancing talent management, driving cultural transformation and supporting long-term business growth initiatives. Announcing the appointment, Amisha Jain said Krishnan’s extensive cross-sector experience in consumer goods, financial services and technology would add significant value to the company’s next stage of evolution. Before joining Arvind Fashions, Krishnan spent over 14 years at Unilever, where she held several senior global HR leadership roles. Most recently, she served as Head of HR for Corporate Functions at Unilever’s London headquarters, overseeing HR strategy for teams across finance, legal, communications and sustainability functions covering more than 7,000 employees globally. Her earlier roles at the company included leading HR operations for global procurement, engineering and Asia supply chain divisions. During her tenure, she managed HR strategy across factories, engineering operations and supply chain networks spanning APAC and Southeast Asia markets. In one of her global procurement assignments, Krishnan reportedly supported a €31 billion procurement business involving over 1,500 employees and 60,000 suppliers worldwide. She also handled HR operations for nearly 10,000 employees across 15 factories in Asia-Pacific markets. Prior to Unilever, Krishnan worked with organisations including Lehman Brothers, Cognizant Technology Solutions, Apt Talent Partners and Bedrock HR. Her expertise spans leadership development, organisational effectiveness, talent management, people analytics and transformation strategy. Krishnan has also completed the CHRO Programme from Wharton Executive Education and holds a Master of Social Work in Human Resources from University of Madras. Arvind Fashions, one of India’s leading fashion and lifestyle retailers, manages brands including Flying Machine, Arrow and U.S. Polo Assn.. The company operates over 1,300 standalone stores and more than 5,000 multi-brand and departmental outlets across India, alongside its digital platform NNNOW.COM. Source: peoplematters

Arvind Fashions Appoints Former Unilever Executive Lakshmi Krishnan as CHRO Read More »

AI Still Costs More Than Human Workers, Says Nvidia Executive Bryan Catanzaro

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Artificial intelligence may be advancing rapidly, but it is not yet the cheaper alternative to human labour, according to Bryan Catanzaro, a senior executive at Nvidia. He believes companies expecting immediate savings by replacing employees with AI may be misunderstanding the current economics of the technology. Speaking in an interview with Axios, Catanzaro said that for his own team, computing costs significantly exceed staff expenses. His comments challenge the growing belief that layoffs combined with AI adoption automatically improve profitability. The remarks come as major tech firms such as Meta and Microsoft continue reducing headcount while simultaneously pouring billions into AI infrastructure. Meta has reportedly planned workforce cuts of around 10%, impacting nearly 8,000 employees, while also freezing or removing thousands of open positions. Microsoft has also introduced one of its largest voluntary buyout programs in recent years. At the same time, spending on AI is accelerating. According to Morgan Stanley estimates, major technology companies have already invested $740 billion in capital expenditure in 2026, representing a sharp increase from the previous year. Meanwhile, more than 92,000 layoffs have been recorded across the tech sector so far this year. Studies suggest AI still lacks economic efficiency in many job categories. A 2024 study from Massachusetts Institute of Technology found AI automation made financial sense in only 23% of visual-task jobs, while human workers remained the lower-cost option in the majority of cases. Experts say one of the biggest barriers is the high cost of computing power, data centres, and energy required to run large AI systems. Keith Lee of the Swiss Institute of Artificial Intelligence described the situation as temporary, predicting costs may fall sharply over the next few years as hardware and model efficiency improve. However, affordability alone may not be enough. Analysts note that AI systems must also become more reliable, accurate, and easier to integrate into everyday business operations before they can truly replace human workers at scale. For now, Catanzaro’s message is straightforward: replacing people with AI does not automatically mean lower costs, as human labour often remains the more practical and economical choice. Source: Economic Times

AI Still Costs More Than Human Workers, Says Nvidia Executive Bryan Catanzaro Read More »

Former IndusInd CFO Gobind Jain Moves Bombay HC, Seeks ₹70 Crore for Alleged Wrongful Dismissal

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Former IndusInd Bank Chief Financial Officer Gobind Jain has approached the Bombay High Court with a ₹70-crore lawsuit against the lender, accusing it of wrongful termination and demanding compensation. As per the petition, Jain has sought ₹20 crore towards loss of income, while the remaining ₹50 crore has been claimed for reputational damage, missed career opportunities, and mental distress. The Reserve Bank of India has also been named as a respondent in the matter. Jain is being represented by Wadia Ghandy, while IndusInd Bank has appointed Cyril Amarchand Mangaldas as legal counsel. The RBI is being represented by BLAC & Co. The plea reportedly requests the court to direct the bank to deposit ₹20 crore as an interim safeguard, arguing that any eventual relief should remain meaningful and enforceable. In the filing, Jain has outlined a series of events preceding his exit, including four resignation letters starting in April 2024. He alleged that he repeatedly urged former MD & CEO Sumant Kathpalia to appoint an independent external auditor to probe alleged procedural and accounting irregularities. According to the petition, Jain’s first resignation communication was sent on June 11, 2024, months before the bank disclosed accounting issues to stock exchanges. Additional letters were submitted on August 20 and September 29, 2024, with the latter again pressing for an external review into alleged serious lapses in treasury-related procedures. Source: Economic Times  

Former IndusInd CFO Gobind Jain Moves Bombay HC, Seeks ₹70 Crore for Alleged Wrongful Dismissal Read More »

Cognizant Announces Major Restructuring Plan; Job Cuts Possible Amid AI-Driven Shift

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Cognizant has unveiled a global restructuring initiative named Project Leap, signaling potential job reductions as the company reshapes its business model for the AI era. The programme is expected to cost between $230 million and $320 million, with the bulk of expenses to be booked in 2026. Out of this, $200 million to $270 million has been earmarked for employee severance, raising concerns over possible layoffs across multiple regions, including India, where the company employs a significant portion of its workforce. While Cognizant has not disclosed the number of employees likely to be impacted, industry estimates suggest the cuts could run into thousands over the next several months. During the company’s earnings call, CFO Jatin Dalal said the programme would affect various parts of the organization globally, but declined to specify exact figures. He noted that the restructuring is aimed at preparing Cognizant for its future operating model. The move reflects a broader transformation underway in the IT services sector, where companies are increasingly redirecting investments toward artificial intelligence, cybersecurity, cloud, and data services, while reducing dependence on legacy roles. Similar trends have been seen across the industry, including workforce reductions at peers like TCS. For the March quarter, Cognizant reported revenue of $5.4 billion, marking a 5.8% year-on-year increase in dollar terms. The company has projected full-year 2026 revenue between $22 billion and $22.6 billion, and also raised its operating margin guidance to 16%-16.2%. Management said Project Leap is expected to further boost profitability through improved efficiencies. Despite the restructuring, Cognizant continues to expand selective hiring. Its total workforce has risen to approximately 350,000 employees, after adding 21,300 workers year-on-year. The company also plans to hire over 20,000 graduates in 2026, matching last year’s intake. CEO Ravi Kumar said the future of the industry lies in moving beyond a traditional people-based services model toward platform-led, outcome-driven business models powered by AI. He added that companies willing to own operational outcomes for clients would benefit from the next phase of growth. In a parallel strategic move, Cognizant is acquiring Astreya, an AI infrastructure and data centre services firm, in a deal worth around $600 million. The acquisition is aimed at strengthening Cognizant’s capabilities in the fast-growing AI infrastructure space, as global spending on data centres and hyperscaler capacity accelerates rapidly. Source: Economic Times  

Cognizant Announces Major Restructuring Plan; Job Cuts Possible Amid AI-Driven Shift Read More »

India Inc Rolls Out WFH, Flexible Hours and Safety Measures Amid Rising Heatwave

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With severe heatwave conditions sweeping across India, companies are reshaping workplace policies to protect employees and maintain productivity. Businesses across sectors are introducing work-from-home options, shorter office hours, hydration support, and safety measures for staff working indoors and outdoors. Firms such as Mercedes-Benz, NoBroker.com, and Savills India have allowed remote work where possible, while logistics and delivery companies are focusing on frontline worker welfare. Blinkit, operated by Eternal Group, is installing air coolers, fans, benches, and water dispensers at dark stores, while also distributing over 1.5 lakh glucose sachets daily to delivery partners. According to staffing firm CIEL HR, many companies are combining hybrid work models with reduced office timings. Businesses in retail, staffing, and logistics are also increasing workforce deployment and expanding dark store networks to shorten travel distances for delivery staff. The India Meteorological Department (IMD) has warned that heatwave conditions are likely to continue between April and June, with above-normal temperatures expected in many regions. Mercedes-Benz India said it is promoting remote work wherever feasible and offering cold beverages in cafeterias to help employees stay hydrated. Construction firm KEC has restricted outdoor work between 11 am and 3 pm at most sites and is supplying cold water, buttermilk, ORS, and glucose drinks, along with temperature monitoring using thermal guns. Myntra has upgraded office cooling systems with smart thermal sensors and introduced hydration options such as buttermilk, coconut water, and lime drinks. Savills India has launched employee awareness campaigns on heat-related illnesses and wellness while continuing flexible work arrangements. NoBroker.com has reduced outdoor work schedules during peak heat hours for field employees and introduced additional cooling refreshments and travel flexibility for office staff. Source: Economic Times

India Inc Rolls Out WFH, Flexible Hours and Safety Measures Amid Rising Heatwave Read More »

Infosys to Recruit 20,000 Freshers in FY27 as Profit Jumps Over 20% in Q4 FY26

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India’s IT giant Infosys has announced plans to hire around 20,000 fresh graduates in the financial year 2026–27, even as it reported strong financial performance for the March quarter. The Bengaluru-based firm posted a 20.8% year-on-year rise in consolidated net profit, reaching ₹8,501 crore in Q4 FY26, compared to ₹7,033 crore in the same quarter last year. Revenue from operations also grew by 13.4% to ₹46,402 crore, up from ₹40,925 crore in Q4 FY25. For the full financial year 2025–26, Infosys reported a net profit of ₹29,440 crore, marking a 10.2% increase from ₹26,713 crore in the previous fiscal. Annual revenue rose 9.6% to ₹1,78,650 crore, reflecting steady business momentum despite global uncertainties. The company has projected a modest revenue growth of 1.5% to 3.5% in constant currency terms for FY27, indicating a cautious outlook amid evolving market conditions. Commenting on the performance, CEO and MD Salil Parekh highlighted strong deal wins worth $14.9 billion during the year, driven by growing demand for enterprise AI solutions and large-scale digital transformation projects. He noted that Infosys’ AI-focused strategy—spanning six key areas—is gaining traction, supported by robust ecosystem partnerships. Chief Financial Officer Jayesh Sanghrajka confirmed that the company plans to onboard 20,000 freshers in FY27, signaling continued investment in talent despite a measured growth forecast. As of the end of Q4 FY26, Infosys had a total workforce of 3,28,594 employees. Source: PTI

Infosys to Recruit 20,000 Freshers in FY27 as Profit Jumps Over 20% in Q4 FY26 Read More »

Radisson Hotel Group Targets 500 Properties in India, Projects Up to 80,000 Jobs by 2030

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Radisson Hotel Group has outlined an ambitious expansion strategy for India, projecting the creation of approximately 65,000–80,000 job opportunities as it aims to establish 500 properties across the country by 2030. Elie Younes, Executive Vice President and Global Chief Development Officer, described India as one of the group’s top three global markets. He noted that the planned growth—covering both operational and under-construction hotels—will not only expand the brand’s footprint but also open up significant employment and skill development opportunities. To support this growth, the hospitality major is investing in talent development through initiatives such as its Radisson Academy, alongside collaborations with the Tourism and Hospitality Skill Council, JobPlus, universities, and government bodies. The focus, Younes emphasized, is on building long-term careers while promoting local hiring. Currently operating over 200 properties in India, the group plans to drive expansion primarily through its upscale segment, with a strong presence across tier I, II, III, and IV cities, as well as resorts and spiritual destinations. Only about 15% of the planned portfolio will be five-star hotels, while nearly half will fall within the three- and four-star upscale categories, reflecting stronger investment viability in emerging markets. Geographically, around 55% of upcoming projects are expected in tier I cities, followed by 25% in tier II and III locations, with the remaining split between resorts and spiritual hubs. Addressing global uncertainties, Younes said operations in India remain stable despite the ongoing West Asia conflict, with cautious optimism for continued growth provided the situation does not escalate further. While some Gulf markets such as Dubai and Saudi Arabia have seen temporary dips in hotel occupancy, he expressed confidence in their recovery once conditions stabilize. The group also highlighted its preference for brownfield developments, citing faster market entry due to existing infrastructure, though greenfield projects remain attractive for their design flexibility. Source: PTI

Radisson Hotel Group Targets 500 Properties in India, Projects Up to 80,000 Jobs by 2030 Read More »