# 5227: Europe's auto slump hits Indian IT, new CRED CEO interview, MeitY cracks down & HCLTech's $1.14 billion AI bet  | MC Tech3

Page: https://stenobird.com/podcast/moneycontrol-podcast-471941/5227-europe-s-auto-slump-hits-indian-it-new-cred-ceo-interview-meity-cracks-down-hcltech-s-1-14-billion-ai-bet-mc-tech3
Text version: https://stenobird.com/podcast/moneycontrol-podcast-471941/5227-europe-s-auto-slump-hits-indian-it-new-cred-ceo-interview-meity-cracks-down-hcltech-s-1-14-billion-ai-bet-mc-tech3.md
Podcast: [Moneycontrol Podcast](https://stenobird.com/podcast/moneycontrol-podcast-471941)
Published: 2026-07-03T14:47:11+00:00
Episode link: https://audioboom.com/posts/8923857
Audio file: https://audioboom.com/posts/8923857.mp3?modified=1783090057&sid=4937727&source=rss
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/moneycontrol-podcast-471941/episodes/5227-europe-s-auto-slump-hits-indian-it-new-cred-ceo-interview-meity-cracks-down-hcltech-s-1-14-billion-ai-bet-mc-tech3
Duration seconds: 408

## Resource

Europe's struggling auto industry is emerging as an unexpected headwind for Indian IT, with engineering giants like KPIT, LTTS and Tata Elxsi feeling the impact of delayed projects and cautious client spending. We explain why this matters for the broader tech services sector. Plus, MeitY launches a series of high-profile actions involving Meta, Tata Electronics and Chinese-linked e-rickshaw apps, signalling tougher regulatory oversight across cybersecurity, online safety and national security. We also look at CRED's leadership transition as interim CEO Miten Sampat says the fintech is profitable, well-capitalised and focused on growth after Kunal Shah's move to WhatsApp. And finally, HCLTech lands a massive $1.14 billion AI transformation deal, highlighting the next phase of enterprise AI adoption.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/moneycontrol-podcast-471941/episodes/5227-europe-s-auto-slump-hits-indian-it-new-cred-ceo-interview-meity-cracks-down-hcltech-s-1-14-billion-ai-bet-mc-tech3/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/moneycontrol-podcast-471941/5227-europe-s-auto-slump-hits-indian-it-new-cred-ceo-interview-meity-cracks-down-hcltech-s-1-14-billion-ai-bet-mc-tech3.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.