The Swiggy IPO has garnered a 35% subscription on its second day, amidst a backdrop of significant layoffs in the tech sector. Freshworks has laid off 15% of its workforce, attributed to redundancies caused by advancements in AI and technologies like Perplexity. Additionally, the Enforcement Directorate (ED) is conducting searches on vendors associated with Amazon and Flipkart as part of a Foreign Exchange Management Act (FEMA) investigation. The tech landscape is also reacting to the implications of 'Trump 2.0' on major sectors including big tech, artificial intelligence, and semiconductor industries. In other financial news, Info Edge reported a 65% decline in profit for the second quarter, although its revenue increased to ₹700 crore. The company’s CEO expressed optimism about continued growth in the IT business following a positive performance in the July-September period.