For many lawmakers, ArcelorMittal has become a symbol of a fear: Europe is losing industrial foundations on which its economic strength was built. Read full report here

Trevel, the EV first mobility platform operated by Inwisement Technologies Pvt Ltd, has successfully raised $1 million in a funding round co-led by India Accelerator, Finvolve, the Haldiram Family Office, and serial entrepreneur Rohit Qamra.

The round also saw participation from RMRN Ventures, BP Jain Holdings, Bipin Preet Singh, Founder of MobiKwik, Aakash Goyal of Metro Buildtech, Aakash Anand, Founder of Wolfpack Labs, Rotoris and Bella Vita, Aditya Singh, Co-Founder & Partner at All In Capital, along with several notable angel investors, family offices, founders, and business leaders.

The fresh capital will be utilised towards fleet expansion, technology development, marketing, and strengthening operations as Trevel scales its presence across the mobility sector.

Founded in September 2025, Trevel was created to address key challenges in urban mobility, including ride cancellations, inconsistent service quality, driver behaviour concerns, and unreliable customer experiences. The company identified a significant gap in the market for dependable EV mobility and set out to build a customer first platform focused on reliability, safety, and premium service.

HSIIDC (Haryana State Industrial and Infrastructure Development Corporation) has identified 6.7 acres of land for the construction of a proposed mixed-use tower ranging between 620 and 700 metres in height within Haryana's Global City project, which could become the tallest building in the country.

India's tallest building could soon become the new landmark of Gurugram. According to reports, a massive mixed-use tower with a proposed height of 620 to 700 metres is being planned under the Haryana Government's ambitious 'Global City' project. If realized, the project will not only be the tallest building in India but could also rank among the tallest skyscrapers in the world.

The defence-tech startup is accelerating investments in autonomous strike platforms, AI-enabled warfare systems, counter-UAS technologies, indigenous propulsion systems, and next-generation battlefield solutions to support India's rise as a global defence manufacturing powerhouse.

Founded by Bodhisattwa Sanghapriya, IG Defence is building an indigenous ecosystem of advanced defence technologies designed to meet the evolving requirements of modern warfare. The company is focused on developing autonomous drones, deep-strike systems, counter-drone solutions, defence simulators, AI-powered battlefield technologies, indigenous propulsion systems, and next-generation military platforms.

With an ambitious vision for growth, IG Defence aims to build a Rs 10,000 crore defence pipeline by FY30, driven by increasing opportunities across the Indian Armed Forces, homeland security agencies, strategic government programmes, and international defence markets.

Yarnit today announced the availability of CatalogIQ and Creative OS in the Shopify App Store, as part of its Agentic Commerce Suite, a platform built to help retailers compete in an era where AI agents are the primary interface between consumers and products.

Agentic commerce is rapidly becoming the norm. Consumers increasingly use AI assistants like ChatGPT, Gemini, Perplexity, and others, to discover, evaluate, and purchase products. These agents don't browse the way humans do: they read structured data, parse product representations, and surface results based on how well a catalog is organised, described, and enriched. Most brands are not built for this. Yarnit is.

"The next generation of commerce won't be navigated solely by people,  it will increasingly be manage by AI agents acting on behalf of consumers. That changes how products need to be represented, discovered, and recommended. Brands can no longer rely on static catalogs and manual optimisation. They need intelligent, data-driven systems that continuously improve how their products are understood by both search engines and AI agents. Agentic Commerce is the shift we're preparing retailers for," said Jyotirmoy Dutta, Founder and CEO, Yarnit.

Aditya Birla Sun Life Insurance Company Limited ("ABSLI"), the life insurance subsidiary of Aditya Birla Capital, India's leading diversified financial services company, today announced the launch of ABSLI Anmol Akshaya, a savings-oriented participating life insurance plan designed to help customers achieve future goals while safeguarding their families against life's uncertainties.

Exclusive offerings of the Plan:

1. My Child: Policyholders can choose milestone-based income pay-outs aligned to key stages of a child's educational journey, from undergraduate studies and professional courses to post-graduation and career beginnings.

2. My Savings: Designed for customers looking to create a medium to long-term corpus for future goals such as daughter's marriage, buying a house, retirement planning etc., while also ensuring life insurance protection for their families.

3. HER Benefits: For women, the plan offers attractive savings for future goals and exclusive HER Benefits in-built in the plan. The proposition includes complimentary Health Management Services, providing access to medical consultations, and health coaching, second medical opinions and personal medical care management to support proactive health management. 

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 closed a volatile Thursday session at 23,161.60, down 53 points, as heightened geopolitical tensions between the US and Iran, coupled with a sharp rise in crude oil prices, weighed on investor sentiment and triggered profit booking across sectors, particularly in IT and defence stocks. Although the index briefly reclaimed the 23,300 mark during the day, selling pressure at higher levels capped the recovery, indicating that traders remain cautious amid global uncertainties.

However, the global backdrop improved significantly overnight after indications of a possible diplomatic resolution between the US and Iran eased concerns over a broader conflict. This sparked a strong rally across US markets, with gains led by technology stocks, while Asian markets are also trading higher in response. More importantly for India, Brent crude has retreated sharply below the $90-per-barrel mark, reducing inflationary concerns and improving the outlook for risk assets.

Domestic markets are therefore likely to witness a positive start, with GIFT Nifty indicating a strong gap-up opening. The decline in crude prices, easing geopolitical fears and supportive global cues could help sentiment recover in the near term.

 Technically, the Nifty's undertone has improved and the index is expected to remain constructive as long as it sustains above the 23,300-23,350 zone. A decisive move above 23,500 could accelerate momentum towards 23,700 and higher levels. On the downside, 23,100 remains an important support, while a breach below this level could invite fresh selling pressure towards the 22,900 zone.

While near-term sentiment has turned positive, investors should remain watchful of developments on the geopolitical front, as any setback in negotiations or a renewed spike in crude prices could reintroduce volatility and cap the market's upside.

BTC is consolidating near the $61K-$63K range as markets digest macro uncertainty, ETF outflows, and lower overall trading activity. While rising oil prices and stronger producer inflation have made traders more cautious around Fed policy, BTC's current setup is more about patience than panic. Spot ETF outflows and softer futures demand show that institutional participation has cooled, but historically, low-volume phases often precede stronger moves once confidence returns. On shorter timeframes, BTC is forming a tight symmetrical triangle, with a confirmed breakout likely to set the next direction. For now, holding the $60K zone remains important.

Riya Sehgal, Research Analyst, Delta Exchange

Crypto markets are showing signs of stabilisation after a sharp risk-off phase, but the rebound is still not strong enough to qualify as a trend reversal. Bitcoin is testing the $63,000-$64,000 resistance zone, while Ethereum is holding above short-term support near $1,650 but remains capped below $1,700-$1,720.

The macro backdrop has become more complicated. U.S. producer inflation came in hotter, with PPI rising 1.1% in May, reinforcing concerns that inflation pressure is still sticky. At the same time, initial jobless claims rose to 229,000, showing mild labour-market softness without yet confirming a hard-landing signal. For crypto, this creates a mixed setup: weaker labour data can support rate-cut expectations, but hot producer inflation limits how quickly the Fed can turn dovish.

Market participation also remains weak, with low crypto trading volumes. ETF outflows is further keeping institutional sentiment cautious. Bitcoin needs to sustain above $64,000 and reclaim $66,500 for stronger upside, while Ethereum needs a clean move above $1,720-$1,800. Until then, rallies may remain vulnerable to selling pressure.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is showing strong resilience despite growing geopolitical and macro concerns. The closure of the Strait of Hormuz has pushed oil prices higher, increasing inflation concerns across global markets. Adding to this, U.S. PPI inflation surged 6.5%, prompting traders to price in a roughly 40% probability of a Fed rate hike by September. The market is also seeing an active capital rotation from digital assets toward high-momentum growth opportunities, specifically AI equities and today's anticipated SpaceX IPO. Currently trading above $63,000, BTC's immediate support has moved up to $61,600, suggesting a possible uptrend from the current levels. 

Bitcoin trades near $63,536, with daily technicals still cautious as moving averages remain above spot, though RSI has improved to 32.84. The broader Bitcoin narrative remains constructive, with sentiment indicators nearing levels last seen around the 2022 bottom and traders watching support zones for recovery signals. The upcoming FIFA World Cup is also being tracked as a possible catalyst for renewed market activity.

Ethereum trades near $1,674, with RSI improving to 31.45 as buyers return near lower levels. Its roadmap focus is shifting toward stronger Layer 1 scaling, native privacy, and better Layer 2 composability, which could reduce liquidity fragmentation across the ecosystem.

On the regulatory front, Japan's crypto reform bill could strengthen market legitimacy by treating digital assets like financial instruments and lowering future tax friction. In the U.S., New York's alignment with the GENIUS Act may support clearer stablecoin rules and regulated digital dollar adoption globally going forward.

At the end of Thursday, the total market cap of all BSE Sensex companies stood at Rs 4,52,33,697.