FSSAI's crackdown on "100%" claims is about consumer trust. But for food companies, it triggers a costly chain reaction. Read full report here

The Pension Fund Regulatory and Development Authority (PFRDA) has launched PFRDA Pension Sahayak, an AI-enabled grievance redressal platform designed to provide subscribers of the pension schemes regulated by PFRDA with a simple, accessible and transparent mechanism for grievance resolution. The platform integrates multiple pension service touchpoints into a unified digital ecosystem and marks a significant step towards citizen-centric governance and digital transformation in the pension sector.

SanchiConnect, a Noida-based deep tech ecosystem builder that connects startups, investors, industry, universities, and government to accelerate innovation from discovery to commercialization, has closed a bridge round of undisclosed size. The round was led by Auxano, with continued participation from existing investors Seafund, 8X Ventures and Arctic Invent. Joining the round as a new investor is Shashikant Chaudhary, former Managing Director of GlobalLogic India. The company has confirmed the bridge is a precursor to a larger round structure.

Founded in 2022 as a joint initiative between Baring Private Equity Partners India and Dr. Sunil Shekhawat, a former senior executive at Nasscom, SanchiConnect was designed to fill a structural gap in India's innovation landscape: the missing layer between startups, investors, industry, and government. The company works across the full innovation lifecycle from early-stage startup discovery through investment readiness, accelerator execution, and enterprise partnerships and has mobilized over Rs 400 crore in capital for portfolio companies since inception. Underpinning its operations is SanchiAPP, the company's flagship platform that serves as the operating system for innovation ecosystems, enabling program delivery, governance, and impact measurement at scale.

As India's digital finance ecosystem rapidly evolves towards more intuitive financial experiences, jUMPP, India's first AI-powered conversational fintech platform focused on simplifying investing and wealth creation, has announced the integration of UPI payment capabilities within its app following its approval as a Third Party Application Provider by the National Payments Corporation of India.

The development marks a significant milestone in jUMPP's evolution from a conversational finance and wealth management platform into a full-stack financial super app. With this launch, jUMPP moves closer to becoming a single destination where users can not only track and plan their finances, but also act on them through payments, investments, and money management tools.

Zeweco, a next-generation conglomerate focused on building future-ready companies, today announced its plan to raise a Rs 250 crore Vision Fund aimed at identifying, creating and scaling companies around transformative opportunities before they become obvious to the market.

The company has also secured its first round of funding, representing nearly 10% to 20% of the total targeted raise, details of which are expected to be announced shortly. This early commitment marks an important step in Zeweco's larger ambition to build a long-term capital and venture creation platform for the companies of tomorrow.

AI is rewriting the playbook for Indian tech, replacing the old approach of billing clients by the hour for basic software maintenance with outcome-based pricing, using automation to handle routine coding and testing. This shift means revenue growth no longer depends on a higher headcount. Instead, firms are aggressively up skilling employees to stay agile.

On the global stage, this evolution is moving India past its traditional "back-office" reputation. The country is fast becoming a premier hub for complex R&D, anchored by thousands of Global Capability Centres.

With strong government backing through the India AI Mission, massive investments in data infrastructure, and a talent pool that makes up a huge chunk of the global AI workforce, the foundation is solid. The real test now is executing quickly and building original, specialized AI solutions.

Punjab National Bank (PNB), one of India's largest and most trusted public sector banks, has partnered with SaaS FinTech and spend management company, Zaggle Prepaid Ocean Services Limited to launch the PNB-Zaggle Co-branded Twin Credit Cards.

Designed for the modern, environmentally conscious consumer, the PNB-Zaggle Co-branded Twin Credit Cards combine rewarding lifestyle benefits with sustainability. Manufactured using biodegradable materials, the cards reflect the shared commitment of PNB and Zaggle towards responsible banking and environmental stewardship, while delivering a secure and feature-rich payment experience. 

Paytm, One 97 Communications Limited, India's full stack merchant payments leader serving MSMEs and enterprises, and a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, has introduced labels for Paytm UPI automatic payments to simplify the identification and management of recurring payments on the Paytm app.

As subscription-based services and recurring billing continue to grow, multiple Paytm UPI automatic payments are often linked to a single merchant for different services. Payments processed through aggregators such as app stores may include subscriptions for streaming, cloud storage, and other services under one merchant name, making it difficult to distinguish between individual payments. For example, for an Android user, different subscriptions of say Google One, Youtube Premium, Chat GPT might all be listed as subscription payment to "Playstore". This makes it difficult to recall later why a particular payment is being deducted, especially for users who have multiple subscriptions.

Indian micro, small and medium enterprises (MSMEs) are increasingly embracing technology-driven business models, with software automation, digital tools and artificial intelligence (AI) emerging as key drivers of competitiveness and productivity, according to a nationwide survey conducted by India SME Forum (ISF).

The survey, which covered over 18,900 manufacturing enterprises and 26,820 service-sector SMEs across the country, reveals a significant acceleration in the adoption of digital technologies, driven by rising market competition, compliance requirements, digital commerce opportunities and the growing need for operational efficiency.

"Indian MSMEs are steadily transitioning toward technology-driven business models. Digital and software automation is becoming essential for competitiveness, while AI and affordable hardware automation will define the next phase of MSME growth and productivity," said Vinod Kumar, President, India SME Forum.

Arrcus, the leader in distributed networking infrastructure today announced that TELUS, one of Canada's communications technology company, is working on a proof-of-concept (PoC) to explore using the Arrcus Inference Network Fabric (AINF) as its networking foundation for delivering sovereign, distributed AI inferencing at national scale. The PoC's goal is to enable TELUS to bring secure, low-latency AI to mission-critical applications, from public safety and emergency response to enterprise and government services, while keeping sensitive data and workloads within Canadian borders.

Deel, the leading global payroll and HR platform, unveiled a sweeping slate of new products at its Big Deel London event, putting AI agents at the core of how the world's teams are hired, paid, and managed. The launches span the platform: AI agents and no-code automation across the global workforce, with AI analytics, an AI-vetted talent marketplace, unified global benefits, stablecoin payouts and a wallet for employees and contractors, and a global immigration system of record.

Arrcus, the leader in distributed networking infrastructure today announced that TELUS, one of Canada's communications technology company, is working on a proof-of-concept (PoC) to explore using the Arrcus Inference Network Fabric (AINF) as its networking foundation for delivering sovereign, distributed AI inferencing at national scale. The PoC's goal is to enable TELUS to bring secure, low-latency AI to mission-critical applications, from public safety and emergency response to enterprise and government services, while keeping sensitive data and workloads within Canadian borders.

AI is undergoing a fundamental architectural shift. What began as centralized model training is rapidly evolving into a globally distributed inference paradigm, one where intelligence must be delivered closer to where data is generated and decisions must be made. For national operators like TELUS, this transformation creates both an imperative and an opportunity: to build the distributed AI infrastructure that the public sector, first responders, enterprises and citizens will depend on. At national scale this introduces complex new demands on networking that traditional, hardware-defined networking architectures were never designed to meet.

On the cyberattack that led to WazirX losing assets worth $230 million, Shetty said, "Our competitors tried to ensure that we never make a comeback." Read full report here

After imposing penalties of Rs 1.34 crore in FY21, the CCI levied Rs 1,335.77 crore in FY22. The next year saw a record Rs 2,672.5 crore in penalties. Read full report here

Avinash Shekhar, Co-Founder & CEO, Pi42

"Bitcoin price today is holding firm around the mid-$60,000 range after rebounding on the back of improving geopolitical sentiment and renewed market confidence. Recent developments, including easing concerns around Iran-related sanctions and continued institutional engagement with Bitcoin treasury strategies, have helped strengthen market sentiment. While Ethereum faces resistance at key levels and broader market volatility persists, Bitcoin continues to demonstrate resilience as investors look beyond short-term fluctuations and focus on long-term adoption trends.

For investors, the current environment calls for patience and disciplined portfolio allocation rather than chasing sharp price moves. A staggered investment approach, combined with a focus on fundamentally strong assets, can help navigate changing market conditions. Bitcoin remains the market's anchor asset, while ecosystems such as Ethereum and Solana continue to attract interest due to their expanding utility and developer activity. Investors should stay focused on long-term wealth creation, maintain diversification, and avoid making decisions driven solely by short-term market excitement."

The Reliance Industries Limited group, led by Mukesh Ambani, is expected to account for nearly 7 per cent of the total market capitalisation of companies listed on the BSE following the initial public offering (IPO) of its telecom and digital services arm, Jio Platforms. The group's share currently stands at less than 4 per cent.

Akshat Siddhant, Lead Quant Analyst, Mudrex

Bitcoin is stabilising around the $64,000 level as global markets navigate the aftermath of a volatile week and closely monitor the weekend's geopolitical developments. Friday's massive $330 million liquidation of leveraged long positions effectively flushed out excess speculative froth from the derivatives market. While institutional ETF inflows are momentarily on a wait-and-watch pause, on-chain metrics reveal steady accumulation behaviour by long-term holder cohorts, preventing any deeper structural breakdown. Looking ahead into the trading week, the $60,000 zone remains a critical psychological and technical line of defence for the bulls. Conversely, a decisive daily close above the immediate overhead resistance at $64,500 is required to neutralise the current bearish bias and kickstart a sustainable relief rally toward higher liquidity pockets.

BTC traded relatively stable around $64K before slipping to $63.3K, as investors reacted to uncertainty surrounding US-Iran negotiations. Weekend developments raised some concerns , pushing oil prices higher, while US stock futures also moved lower. Alongside geopolitical developments, markets are closely watching Thursday's Core PCE inflation report, the Federal Reserve's preferred inflation gauge. In the near term, BTC may remain in consolidation as investors assess both US-Iran headlines and upcoming macroeconomic data. Holding above the $63K level could support stabilisation, while broader market sentiment is likely to determine the next move.

"Bitcoin trades at $64,221, up 1.56%, but daily technicals remain mixed: oscillators show Buy while moving averages and overall summary signal Sell.

Ethereum gained 1.42% to $1,729, though daily technicals remain cautious. Base's Beryl upgrade strengthens Ethereum's Layer 2 ecosystem with faster withdrawals, B20 token issuance, and scalability improvements ahead of mainnet rollout.

AI-related cryptos led market gains as sector interest stayed strong, while AI-powered security tools saw wider adoption across crypto platforms, improving threat detection and risk monitoring.

Institutional interest also remained in focus, with Japan's National Business Corporate Pension Fund reportedly considering a 1% crypto allocation for diversification.

In the U.S., digital assets continue to gain attention across the political spectrum, reflecting crypto's growing role in mainstream policy discussions.

Meanwhile, observers compared Bitcoin's adoption curve to early smartphone growth, keeping focus on its potential long-term role in global finance amid expanding retail, institutional, and regulatory interest worldwide."

Piyush Walke, Derivatives Research Analyst, Delta Exchange

Bitcoin traded around the $64,000 level on Sunday as investors weighed renewed geopolitical tensions surrounding the Strait of Hormuz alongside fresh concerns about Strategy's Bitcoin financing model.Bitcoin rebounded after slipping below $63,000 on Friday, though overall price action remained largely unchanged for the week.

From a technical perspective, Bitcoin remains at a key juncture. A sustained hold above $64,000 could support a move toward the next resistance level at $65,500. Conversely, a break below nearby support may trigger another decline toward $62,000. Until a decisive breakout occurs, BTC is expected to trade within a broad range between $60,500 and $67,500. A confirmed move beyond either boundary could provide the market's next directional cue.

Ethereum continues to show relative strength in the near term, maintaining support above the critical $1,700-$1,720 zone. Immediate resistance is seen between $1,830 and $1,850, with a breakout above this area potentially opening the door for a rally toward the $1,900 level.

Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 snapped its five-session winning streak on Friday, declining 154.90 points (0.64%) to close at 24,013.10, as broad-based selling in information technology stocks weighed on sentiment. The weakness mirrored global cues after Accenture's softer-than-expected outlook triggered profit booking across the IT space, dragging the index below the 24,000 mark intraday before a partial recovery.

Global cues remain supportive at the start of the week. While US markets were closed on Friday for Juneteenth, Thursday's strong rally in the Nasdaq and S&P 500, led by semiconductor stocks, continues to provide a positive undertone despite the Federal Reserve maintaining a cautious stance. Asian markets are trading mixed, with strength in Japan and South Korea offset by softer Chinese equities. Meanwhile, Brent crude has stabilised near the $80 per barrel mark after last week's sharp correction, offering relief for India's inflation and fiscal outlook, although geopolitical developments in the Middle East remain a key monitorable.

Domestically, GIFT Nifty indicates a positive start, suggesting that Friday's decline may largely remain a healthy corrective move within the broader recovery trend. Technically, the 24,000 level continues to be a crucial support zone. Sustaining above this level is likely to keep the positive bias intact, with immediate resistance placed at 24,150-24,200. A decisive breakout above this zone could trigger fresh buying interest and short covering, paving the way towards 24,300-24,400. On the downside, a breach below 24,000 may invite profit booking towards 23,900 and subsequently 23,800. Overall, the strategy remains buy on dips as long as the Nifty holds above the 23,900 support zone.

At the close on Friday, the total market cap of all BSE Sensex companies stood at Rs 4,77,89,281.