RBI's updated NBFC rules, effective July 1, 2026, have tightened definitions of public funds and overseas investments, preventing Tata Sons from exiting regulatory oversight and avoiding a mandatory public listing. The holding company's strategy to deregister as a core investment company is now invalidated.
Tankmaker KNDS has postponed its planned IPO, citing current market volatility for the European Defense sector. The company cited unfavorable market conditions, following a slump in defense stocks and reported struggles to convince investors of its valuation.
TVS Motor Company's total sales for June 2026 rose by 47% to 590,003 units, driven by a 47% increase in two-wheeler sales. Domestic sales grew 46%, electric two-wheeler sales tripled, and the company achieved its highest-ever quarterly sales in Q1 FY27.
Amazon's top hardware executive, Panos Panay, revealed the company is prioritizing in-house silicon for "critical" consumer devices like Echo Show and Fire TV. This focus on custom chips aims to enhance AI capabilities on-device, improve hardware-software integration, and secure the user experience, while still utilizing chips from partners like Qualcomm. Panay also hinted at a future beyond apps and screens, emphasizing conversational AI and context for future gadgets, including a roadmap of "on-the-go" devices.
Wumbulgal Agriculture Pty Ltd, a company with half ownership by NSW MP Helen Dalton, has been fined $555,000 for a Work, Health and Safety Act breach following the death of an 82-year-old worker in a quad bike accident. The company had previously received government funding for safety measures that were not implemented.
An outback phosphate company, Ryowa, has received a $160 million loan from the Australian federal and Queensland governments to bolster the nation's fertilizer supply. This funding aims to reduce reliance on international markets and ensure continued operations at Phosphate Hill, crucial for both agriculture and the Mount Isa copper smelter.
Aakash K Hindocha of Nuvama Wealth Management recommends REC, Oberoi Realty, and Home First Finance Company India as top stocks to buy on July 2, 2026. He also shared views on Nifty and Bank Nifty, suggesting buying dips and potential upside targets.
WhatsApp issued clarifications on its upcoming 'Username' feature, addressing privacy, safety, and impersonation concerns. The feature, designed to allow connections without sharing phone numbers, will be optional. The Indian government has directed Meta not to roll out the feature until consultations are complete, citing potential for fraud and impersonation.
American Bitcoin (ABTC), a crypto miner linked to the Trump family, saw its shares plummet to an all-time low of 62 cents on Wednesday. The company announced a 1-for-15 reverse stock split, effective Thursday, to comply with Nasdaq's minimum bid price requirements and avoid delisting.
Tencent, Alibaba, Meituan, and Xiaomi are initiating large share buy-back programs to counter low stock prices and investor skepticism. Analysts suggest the sector may be nearing a bottom, with companies using buy-backs and leadership appearances to restore market confidence.
Ant Group, an affiliate of Alibaba, has led a $73.58 million funding round in humanoid robotics startup Zeroth. This marks Ant's 12th investment in the sector since early 2025, signaling a significant push into robotics following regulatory hurdles with its IPO.
Udaan's offshore holding company, Trustroot Internet Pvt Ltd, has been placed into liquidation in Singapore after defaulting on $170 million in convertible notes. Global creditors initiated insolvency proceedings, appointing Alvarez and Marshal as liquidator. The company's Indian entities remain insulated.
Alibaba Group will pay $600 million to resolve a US Department of Justice investigation into allegations its platforms facilitated the sale of thousands of illegal pharmaceuticals and controlled substances into the US. The settlement involves non-prosecution agreements with Alibaba and AUS Merchant Services.
Bending Spoons, an Italian tech firm, saw its shares surge nearly 40% in its market debut, closing at $40.50, defying investor fears about AI displacing traditional SaaS companies. The company, which acquires and revitalizes aging tech brands, raised $1.68 billion in its IPO.
Italian company Bending Spoons, owner of AOL and other internet brands, has gone public on the Nasdaq with an initial valuation over $18 billion. The company focuses on acquiring and improving digital brands using technology and AI, aiming for long-term operation rather than quick sales.
Robinhood has launched its public mainnet for Robinhood Chain, an AI-native L2 blockchain built on Arbitrum. The company also plans crypto trading in the UK and offers tokenized stocks globally, amid expansion into DeFi services.
Meta is reportedly building a new cloud business to sell excess computing power and AI model access to outside customers, potentially recouping billions spent on AI infrastructure. This move could generate revenue on unused capacity and place Meta in a competitive market dominated by giants like Amazon and Microsoft.
An Anduril rocket motor test exploded at its Mississippi facility last Friday, damaging the testing stand and halting prototype work. No injuries were reported, but the incident delays mass production plans, with rebuilding expected to take months. This marks another challenge for the defense startup's ambitions in missile propulsion.
Uber's free, short-distance motorcycle ride program in Taipei's Beitou District has been declared illegal by the Taipei City Government. Officials cited violations of transportation laws, lack of proper approval, and potential risks to passenger safety and insurance coverage. The government threatened penalties, while unions condemned the service as a challenge to the law.
Sony announced it will cease releasing new PlayStation video games on physical discs in January 2028, shifting entirely to digital downloads via the PlayStation Store. This move reflects a significant consumer preference for digital media, with digital game sales rising from 13% in 2013 to nearly 80% in 2025.
Micromobility company Lime has successfully raised $167 million in its IPO, with shares trading on the Nasdaq under the ticker "LIME". The nine-year-old scooter and bike company is now valued at approximately $1.66 billion, marking its transition from a private entity with fluctuating valuations to a public company.
Kobo's Libra Colour e-reader, recently priced at $259.99, is now available for $229.99 at Best Buy and Target. This deal makes it a strong alternative to Amazon's Kindle, offering a color display, waterproofing, physical page-turning buttons, and greater file format support.
Micromobility company Lime has successfully raised $167 million in its IPO, with shares trading on the Nasdaq under the ticker "LIME". The nine-year-old scooter and bike company, backed by Uber, achieved a valuation of approximately $1.66 billion, marking its transition from a private company to a public entity after nearly a decade.
The Trump administration has lifted restrictions on Anthropic's AI chatbots, Claude Fable 5 and Mythos 5, following cybersecurity concerns. Access to Mythos 5 remains limited to select U.S. organizations. OpenAI also restricted its new AI model, GPT-5.6 Sol, at the administration's request.
