Infosys AI revenue jumps 29%; Apple’s foldable iPhone fully pre-booked in week 1

Infosys reported a 6.2% increase in Q2 net profit, with AI revenue growing by 29% quarter-over-quarter. The IT giant faced soft demand in North America and sector-specific challenges, leading to a lowered full-year revenue growth forecast of 1-2% from 1.5-3%. Despite strong large deal wins, Infosys acknowledged the impact of automation on revenues.

Meanwhile, Apple's first foldable smartphone, the iPhone Duo, has reportedly fully booked its first week's inventory through pre-orders in India, indicating continued demand for high-end devices as Apple ventures into the foldable phone market. However, investors have been warned against fraudulent WhatsApp groups promoting stock tips and profits, as these groups may use misleading claims to gain trust and push unauthorised trading advice or suspicious apps.

On the jobs front, India's healthcare global capability centres are expected to create 67,000 job openings by 2026, driven by demand for specialised talent in technology and healthcare operations.