Spice Money, India's leading rural fintech platform, today announced the appointment of Nitin Sachdeva as Chief Human Resources Officer (CHRO) and the elevation of Rohit Sood as Chief Business Officer (CBO), further strengthening its leadership team as the company accelerates its mission of driving meaningful financial inclusion across Bharat.

The appointments come at a pivotal stage in Spice Money's growth journey as it continues to expand its digital and assisted financial services ecosystem across rural and semi-urban India through its extensive network of entrepreneurs and partners.

Jaipur based Celebal Technologies, a global leader in enterprise data and AI solutions, has raised Rs 50 crore ($5.2 Mn) in debt funding from BlackSoil Capital, one of India's leading alternative credit platforms. The facility is structured as strategic balance sheet capital, providing liquidity buffer and financial flexibility as the company continues to scale its global operations. 

The funding is not tied to a specific expansion initiative. Instead, it reflects Celebal's approach to staying well-capitalised and prepared for external uncertainties, including geopolitical volatility and market disruptions, while maintaining uninterrupted execution across its enterprise engagements. 

The capital raise follows the successful repayment of its earlier debt facility and comes alongside improved profitability, underscoring the company's disciplined approach to capital management and consistent operating performance. 

Hemant Mathur, CFO, Celebal Technologies, said: "This facility aligns with our philosophy of staying well-capitalised and prepared. Having strengthened our operating performance and honoured our previous obligations, we are approaching this from a position of strength. It enables us to remain focused on execution while staying resilient to external disruptions." 

Ankur Bansal, Managing Director, BlackSoil, said: "Celebal's consistency in execution, improving profitability, and disciplined approach to capital make them a strong partner. This facility reflects our confidence in their ability to scale sustainably while maintaining financial prudence." 

Every year, millions of women in India experience pregnancy loss, many while actively participating in the workforce. Yet for most, miscarriage remains invisible at work - rarely acknowledged, often endured in silence, and frequently accompanied by fear of judgment or fear of career impact. Today, Quest Global, the world's largest independent, pure-play engineering services company, launched Break the Silence, a first-of-its-kind national campaign focused on bringing pregnancy loss into workplace conversation. The campaign is backed by original research commissioned by Quest Global in collaboration with YouGov and positions pregnancy loss as a critical workforce issue with measurable consequences for productivity, retention, inclusion, and long-term career progression.

The survey was conducted among 2000 women and 200 men across India, ages 25-39, covering respondents from STEM, technology, engineering, and corporate sectors across junior, mid, and senior management levels, along with male managers leading diverse teams. 

The study found that most women continue to suffer in silence not by choice, but out of fear. Nearly 78 million women fear job loss or negative career consequences if they disclose a miscarriage, while 80 million remain silent due to fear of judgment. Additionally, 70 million Indian women would consider leaving their jobs if their employers did not provide support following pregnancy loss. 3 in 4 women report that pregnancy loss reduces their confidence, which in turn impacts performance while they remain silent.

Speaking on the launch, Ajit Prabhu, Co-founder and CEO, Quest Global, said: "For too long, pregnancy loss has remained invisible in the workplace, leaving many women to navigate grief in silence while continuing to perform. Our research shows that the cost of silence is significant and measurable: in productivity, confidence, retention, and careers. This is not simply a well-being issue; it is also a workforce issue. I encourage CEOs and business leaders across India to join us in recognizing pregnancy loss as a workplace reality. Let's build workplaces where everyone feels safe, supported, and empowered."

Quest Global has partnered with YourDOST to launch a full support ecosystem, including: a 24-hour helpline with psychologists specifically trained in pregnancy loss to offer confidential, expert support, peer-to-peer support circles, training materials for HR professionals and managers to navigate sensitive conversations, awareness-building webinars, and downloadable workplace resources. To expand the impact, Quest Global is extending these pregnancy-loss support services from YourDOST to everyone and every organization in India at no cost.  By broadening access to these resources, people and organizations will have structured and accessible support.

Cashfree Payments, India's first licensed cross-border payment provider, today announced that its cross-border payments suite is now fully operational for businesses across 40 countries through partnership and direct integration, spanning North America, Europe, and the Asia-Pacific region. With this capability expansion, businesses in these markets can accept payments from Indian consumers through local payment methods like the Unified Payments Interface (UPI), RuPay cards,  debit and credit cards across major networks in India, and net banking from their Indian users and customers without establishing a local entity in India.

Cashfree Payments is now enabling global businesses in  e-commerce, SaaS, travel, and digital goods seeking to access India's fast-growing consumer base where payment localisation is directly tied to conversion. Indian consumers overwhelmingly prefer domestic payment methods, and the absence of localised checkout is a known drop-off point for foreign merchants.

Commenting on this expansion, Akash Sinha, Co-founder & CEO, Cashfree Payments said, "India's consumer economy is growing rapidly, driven by one of the world's largest bases of digitally active consumers. This is a market global businesses cannot afford to ignore. However, one of the deepest challenges for them has been offering a seamless payment experience. Indian consumers are used to paying by local methods like UPI or RuPay credit or debit cards. Entering this market without offering these payment methods has a direct impact on customer conversions. We wanted to bridge this gap for international merchants and make it easier for them to tap into the growing consumer economy of India. These capabilities are currently availed by merchants in these 40 countries, but can be extended to other global merchants in other countries too."

New Street Technologies, the company behind enterprise AI platform MiFiX.ai, has elevated Shrish Anand Lal to the Board as Executive Director. Shrish, who currently serves as Chief Business Officer, was appointed additional director in July 2025 and has now been nominated as executive director. The elevation comes as the company accelerates the growth of MiFiX.ai, its AI-native enterprise platform focused on helping organisations deploy enterprise systems faster, with greater operational efficiency, governance, and control.

Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, has been recognized among India's most impactful companies in the Perpetual Capital Hurun India Impact 50 - 2026, ranking 13th overall.

The recognition reflects Persistent's belief that the next generation of technology leaders will be differentiated not only by innovation velocity but by how responsibly and efficiently they scale. The Company's sustainability strategy is increasingly integrated into how it modernizes infrastructure, operates global delivery environments and strengthens enterprise resilience in an AI-driven world.

Persistent earned leading positions across multiple sustainability dimensions: 

Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced VMware Cloud Foundation (VCF) 9.1, a secure and cost-effective infrastructure platform for production AI workloads. VCF 9.1 delivers an AI and Kubernetes native private cloud platform with integrated security and mixed compute infrastructure support across AMD, Intel, and NVIDIA. This enables enterprises to deploy inference and agentic AI applications with significantly lower costs, enhanced security, and freedom to choose best-of-breed GPU and CPU hardware.

A preview of Broadcom's Private Cloud Outlook 2026 report reveals private cloud continues to be the preferred platform for production AI. More than half of organizations surveyed (56%) are running or planning to run production inferencing in a private cloud. More importantly, public cloud use for production inference was 41%, down 15% year over year. Additionally, 62% of IT leaders reported being very or extremely concerned about generative AI infrastructure costs while 36% report AI is driving new requirements for data protection, privacy, security controls and risk management.

What if defence personnel stationed in remote locations could carry a lightweight device that instantly purifies drinking water? What if women could discreetly trigger an SOS alert through a wearable ring during emergencies? What if healthy snacks were designed specifically to support women managing PCOD?

These are among the innovative ideas emerging from Samsung Solve for Tomorrow Design Thinking Workshops being conducted across Delhi NCR as part of Samsung's flagship innovation and education programme.

Samsung Solve for Tomorrow is Samsung India's flagship innovation programme designed to empower the country's next generation of innovators to build technology-driven solutions for real-world challenges. Open to young people aged 14-22 years, it encourages participants to identify societal problems and develop solutions across themes such as AI, health and education, environmental sustainability, and sport and tech.

At Delhi Pharmaceutical Sciences and Research University (DPSRU), students drew inspiration from challenges faced by communities around them. Their ideas ranged from a portable water purification solution for defence personnel operating in remote areas and nutritious snack options tailored for women with PCOD, to a wearable safety accessory capable of sending emergency alerts and child-friendly, non-toxic makeup products designed specifically for young users.

 Enrission India Capital has announced its investment in Recur Club, an AI-powered debt financing fintech, as part of Recur Club's extended USD 50 million Series A round. The investment underscores Enrission India Capital's commitment to backing technology-driven platforms that address structural inefficiencies in India's rapidly expanding debt financing ecosystem.

India's debt financing market is witnessing significant growth, driven by a new generation of emerging businesses. However, critical inefficiencies persist: on average, startups require nearly three months to secure debt financing, a lag attributable to information asymmetry, fragmented lender networks, and time-intensive credit assessment processes. Borrowers frequently struggle to identify lenders suited to their financial profile, while lenders face delays owing to limited access to reliable, real-time company data.

Recur Club addresses these challenges through AICA (AI Credit Analyst), a proprietary AI system purpose-built for India's business lending landscape. Co-founded by IIT and IIM alumni Eklavya Gupta and Abhinav Sherwal, Recur Club's platform aggregates fragmented data across company systems, transaction records, and external signals, enabling multi-dimensional underwriting across 100+ banks, NBFCs, and funds. The system evaluates parameters traditionally overlooked by conventional credit models, including revenue velocity, customer churn, concentration risk, business momentum, and founder profile, thereby matching each borrower to the most appropriate lender with a precision that human-led processes cannot replicate at scale. The result is a financing process that now concludes in as few as five days at its fastest.

QUE Universe, India's new-age fashion eyewear and lifestyle brand, announces an ambitious expansion roadmap targeting Rs 100 crore in revenue over the next two years. The announcement comes at a defining moment for Indian fashion, as consumption patterns shift, accessories evolve into identity statements, and a generation of young consumers demands fresher trends at a faster pace. Sunglasses, once a utility purchase, are now a style signature. Yet for long, the Indian market offered little beyond generic options or overpriced foreign labels. QUE was built to fill exactly that gap, bringing design-forward, trend-led eyewear to a market that is ready for it.

QUE's product strategy is built around velocity and relevance. Rather than seasonal catalogues, the brand follows a trend-first approach, frequent drops, fresh silhouettes, and designs that track global fashion movements in real time. The result is a portfolio that stays current, gives consumers a reason to keep coming back, and mirrors the way this generation actually shops for style.

India's life insurance industry has recorded a significant structural improvement in customer experience, with grievances declining by over 50% in the past decade, according to the IRDAI Annual Report for FY2024. Likewise, in FY2025, less than 1% of the grievances registered on the Bima Bharosa portal during the year were pending.

The performance reflects the industry's growing maturity. Even as the industry has expanded rapidly in scale and reach with the number of policies in force increasing to 292 lakh in FY24, grievance volumes have reduced sharply from 2.79 lakh to 1.23 lakh through the decade.

Key indicators highlight the shift:

The improvement reflects systemic transformation across technology, governance and customer-centric regulations. Digital onboarding, e-KYC, Aadhaar authentication and real-time validation have reduced errors at inception, while strengthened oversight and AI-driven monitoring have enhanced sales quality and reduced disputes.

The Thesis

Monday's Iran-Israel flare hit Nifty 500 1.30% with FPIs net sellers of Rs 5,556 cr, but Trump's pressure on Netanyahu has pulled Brent from $98 back to $94 and GIFT Nifty into a +0.21% premium. With RBI on hold at 5.25%, the setup favours domestic-cycle leaders whose earnings don't lean on crude or the dollar.

Where We're Concentrated

Today's positioning concentrates in private financials that benefit when crude pressure unwinds and DII buying (Rs 5,165 cr) offsets FPI exits, specialty energy levered to India's solar and gas transition independent of geopolitics, and non-ferrous metals where a softer dollar after Wall Street's rebound lifts realisations. The thesis breaks if Iran-Israel re-escalates beyond the 60-day ceasefire MoU - crude back through $98 would drag financials and lift VIX from today's elevated 17.03.

Conviction Picks

Highest Conviction

Federal Bank

Mid-tier private bank with sticky CASA; benefits as RBI's 5.25% hold and easing crude protect margins through FY27.

Sammaan Capital

Lending franchise leveraged to a housing-credit revival; RBI's neutral stance and softer crude support NBFC spreads.

Premier Energies

Solar manufacturer riding India's renewables capex; order book is insulated from crude swings and FPI risk-off rotation.

GAIL

Gas utility with regulated tariffs and LNG tailwind as Brent eases to $94; defensive cash flows in a volatile tape.

Hindalco Industries

Aluminium leader leveraged to a softer dollar after Wall Street's chip-led rebound; downstream margins improve as energy cools.

One Thing to Watch

Brent below $90. A clean break confirms de-escalation pricing and triggers FPI re-entry into rate-sensitives; a re-test of $98 reverses the relief setup and keeps VIX bid.

Prasenjit Paul, SEBI registered fund manager at 129 Wealth & research analyst at Paul Asset

The current market correction is offering valuation comfort and building base for the next structural bull run. Right now, the market is filled with negative macro news - elevated oil prices, inflation worries, weak monsoon forecasts, Middle East conflict, etc, enough to scare retail investors. But markets are always forward-looking. Whatever negatives investors are seeing currently, the market has already factored in price much earlier. 

Similarly, the market reverses much before positive news starts making headlines. So, waiting for good news and then entering the market often means buying at a higher price. A bullish reversal may take few months, but it looks imminent because macro cycles never move in a straight line. So, investors with a 1-2 years holding perspective should use this period, when the market is flooded with negative news, to gradually increase allocation in selective stocks that have displayed resilience. Action during market weakness decides the quantum of wealth one can generate in the upcoming bull run. Investors should prefer stocks that are performing well and remain insulated from broader market weakness.

If a capital goods company is doing well even amid negative macro conditions, such stocks can create massive wealth whenever the macro cycle reverses in the future. Instead of focusing on companies that corrected the most, investors should focus on stocks that did not correct much despite peers' corrections. For example, Stylam Industries did not correct much even during the March 2026 extreme market weakness, while many peer companies corrected sharply. Now, the stock is outperforming both the broader market and peers. For 1-2 year investment horizon, we remain highly bullish on selective Pharma, Healthcare, and proxies of the Capital Goods segment that have displayed strong earning resilience despite the current negative macroeconomic environment.

Terra Grande by Eldeco, the luxury experiential real estate brand focused on curated second-home communities, has announced its next phase of growth across Himachal Pradesh and Uttarakhand following the complete sell-out of Phase I of its flagship project in Sirmaur, Himachal Pradesh.

The expansion marks a significant milestone in Terra Grande's vision of creating thoughtfully designed luxury second-home communities that seamlessly blend architecture, wellness, nature and hospitality-led living experiences. Backed by Eldeco's four-decade legacy in real estate development, Terra Grande continues to strengthen its position in India's rapidly evolving luxury second-home market.

Arnya Realestates Fund Advisors, an independent real estate-focused investment management firm, today announced that it has committed INR 1,000 Cr across residential real estate projects in India through its maiden debt fund and direct investments, marking a significant milestone in the firm's growth journey and reinforcing its strong conviction in India's residential real estate sector.

Since its first close in September 2024, the maiden debt fund - Arnya Real Estate Fund - Debt, including direct investments - has successfully closed transactions worth INR 1,000 Cr across 11 deals spanning 5 key geographies in India. The portfolio includes partnerships with leading developers such as Casagrand, MAIA Estates, Gami Group, and Vaishnavi, among others. Several projects are at advanced stages of approvals and execution, with select projects already launched in key residential markets including Bengaluru. The fund remains on track for its final close by June 2026 with expected total deployment commitment to reach INR 1200 crores including direct investments. Arnya is also planning the launch of Series 2 of its debt strategy in Q2 of this financial year.

Harish Vatnani, Head of Trade, ZebPay

Here is a technical analysis of ETH/USDT on a daily timeframe: 

Market Overview

Ethereum (ETH/USDT) is currently trading around $1,668 on the daily timeframe after experiencing a sharp bearish breakdown from the key $2,000 psychological support level. The decline accelerated significantly during the first week of June, resulting in one of the strongest selloffs seen in recent months.

The breakdown confirms a continuation of the bearish trend that began after Ethereum lost its ascending trendline support in late May. What initially appeared to be a corrective pullback has now evolved into a deeper structural decline, with sellers maintaining firm control of the market.

Price is currently attempting to stabilize near the $1,650-$1,700 region following an aggressive liquidation move that pushed ETH to its lowest levels since February.

Recent Price Action

Following last week's report, Ethereum failed to reclaim the broken ascending trendline and remained trapped below the former support structure.

Key developments include:

●Multiple failed recovery attempts below the $2,100 region confirmed persistent selling pressure.

●Price continued forming lower highs and lower lows throughout early June.

●The major psychological support at $2,000 was decisively broken.

●Selling momentum accelerated sharply after the breakdown, resulting in a rapid decline toward the $1,550-$1,600 region.

●A strong bearish impulse candle accompanied by elevated volume signaled aggressive seller participation.

The recent rebound remains relatively weak.

Current Structure and Trend

The overall market structure is bearish considerably compared to the previous report.

Key observations:

●The $2,000 psychological support has failed.

●Lower highs and lower lows continue to dominate price action.

●ETH remains well below major resistance levels.

●Sellers maintain control across the daily timeframe.

The current technical picture suggests:

●The market has transitioned from a bearish correction into a confirmed bearish trend.

●Any short-term recovery rallies may encounter selling pressure near previous support zones.

●The $1,650-$1,700 area is acting as the first stabilization zone after the recent selloff.

●A recovery above $1,800 would be required to improve short-term sentiment.

●Until then, downside risks remain elevated.

The former $2,000 support area now becomes a significant resistance zone that buyers must eventually reclaim to shift momentum back in their favor.

Volume and Momentum

Volume expanded noticeably during the recent breakdown, indicating stronger conviction behind the selloff compared to previous declines.

Momentum include:

●Increased selling volume during the break below $2,000.

●Strong bearish expansion candles confirming downside momentum.

●Limited buying follow-through after the initial bounce from recent lows.

●Continued dominance of sellers despite temporary stabilization.

For momentum to improve meaningfully, Ethereum would need to:

●Hold above the recent low near $1,550.

●Establish higher lows on the daily timeframe.

●Reclaim the $1,800 resistance area.

●Eventually recover above the former support zone around $2,000.

Until these conditions are met, bearish momentum remains the dominant market force.

At the time of writing, ETH was trading at approximately $1,668.

Summary: Ethereum is currently trading near $1,668 after suffering a decisive breakdown below the critical $2,000 support level. The bearish trend that began with the loss of the ascending trendline in late May has intensified, leading to a sharp decline toward the $1,550 region.

Although ETH has managed to stage a modest rebound from recent lows, the broader market structure remains firmly bearish. Sellers continue to control the daily timeframe, while former support zones have now turned into overhead resistance.

The immediate focus remains on whether buyers can defend the $1,550-$1,600 support region and build a meaningful recovery. Failure to stabilize above this area could expose Ethereum to further downside pressure, while a sustained move back above $1,800 would be the first indication that bearish momentum is beginning to weaken.

Akshat Siddhant, Lead quant analyst, Mudrex

Bitcoin is consolidating around the $62,500 level after failing to sustain a move above $64,000, with sellers continuing to cap upside momentum. While the broader trend remains weak, institutional interest appears to be returning. Strategy resumed its Bitcoin purchases, adding 1,550 BTC, while Bitmine accumulated 126,971 ETH, signalling renewed confidence from large investors. Markets are now focused on the June 10 U.S. inflation data, which could determine the next major move. The $65,000 level remains a key resistance zone. A break above it could improve sentiment, while continued weakness may leave Bitcoin vulnerable to a deeper correction toward the $56,000 region.

Joydip Gupta, APAC head Scienaptic AI

A repo rate that holds steady at 5.25 percent is quietly one of the most useful things that can happen to a credit market. For borrowers, it means EMIs stay predictable and they can plan rather than brace for the next move. For lenders, it means a stable cost of funds and the room to focus on who they lend to instead of the price of money. But a neutral rate also takes away an easy lever. Lenders can no longer count on cheaper money to drive growth, so the edge shifts to precision.

In this environment, AI-powered credit decisioning becomes especially important. Banks and NBFCs can no longer rely only on traditional bureau scores or broad policy rules. AI helps lenders assess borrowers more dynamically by combining bureau data, income patterns, cash flow signals, repayment behavior, and early stress indicators. This allows institutions to lend with greater confidence, price risk more accurately, and expand credit access responsibly, without compromising portfolio quality. When rates hold steady, the lenders who grow well will be the ones who underwrite well.

Riya Sehgal, Research Analyst, Delta Exchange

Bitcoin is trading around $62,800, while Ethereum is hovering near $1,660, as crypto markets attempt to stabilise after the sharp early-June correction. The latest bounce has been supported by easing geopolitical risk, and improved ETF flows, with June 8 data showing $141.5 million of net inflows into spot Bitcoin ETFs and $37.7 million into spot Ethereum ETFs.

However, this still looks like a relief recovery rather than a confirmed trend reversal. Bitcoin continues to face strong resistance near the $64,000-$64,700 zone. A sustained move above this range could open room toward $65,500-$66,500, while failure to hold $62,200-$62,500 may bring the $60,000 support back into focus. Institutional accumulation remains a key cushion, especially after Strategy added 1,550 BTC, taking its holdings to 845,256 BTC.

Ethereum's structure remains relatively weaker. ETH has struggled to sustain above $1,700, and bulls need a reclaim of $1,720-$1,760 to extend recovery.

Until then, macro uncertainty, weak retail participation and capital rotation toward AI, tech stocks and large IPO themes may continue to cap crypto conviction, while traders remain cautious ahead of the US CPI print and the June 16-17 Federal Reserve policy decision.

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Rajesh Palviya, Head of Research, Axis Direct

The Nifty 50 witnessed a sharp correction on Monday, closing at 23,123, down 244 points (1.04%), as risk sentiment deteriorated amid stronger-than-expected US jobs data and escalating geopolitical tensions in West Asia. The decline was broad-based, with heightened volatility reflected in the India VIX, which surged over 8% to 17.02, indicating growing investor nervousness.

Global cues, however, were relatively stable. US markets recovered from Friday's weakness, led by gains in technology and semiconductor stocks, with the Nasdaq advancing 0.86% and the S&P 500 rising 0.30%. Asian markets are trading mixed, as investors continue to assess the evolving geopolitical landscape and its implications for global growth and inflation.

Crude oil remains the key variable for Indian equities. Although Brent crude retreated from its recent spike after signals of de-escalation from Iran, prices remain elevated and continue to pose risks to inflation, fiscal balances, and currency stability. GIFT Nifty indicates a subdued start, suggesting investors may remain cautious despite improved global market sentiment.

Technically, the near-term outlook remains guarded as long as the Nifty stays below the 23,300 mark. Immediate support is placed around 23,000, and a sustained breach could trigger further downside towards 22,900. While easing geopolitical tensions and moderation in crude oil prices may provide room for a relief recovery, the market would require a decisive move above 23,300 to regain positive momentum and pave the way for a potential advance towards the 23,500 zone. Until then, traders are likely to adopt a stock-specific and risk-managed approach amid elevated uncertainty.

"In the past 24 hours, Bitcoin traded near $62,632, remaining below key moving averages as broader market sentiment stays cautious. At the same time, expanding crypto lending initiatives from firms such as Morgan Stanley and Galaxy continue to support Bitcoin's role as a collateral asset within traditional financial services.

Ethereum is trading around $1,667, holding above the important $1,600 support level. Low exchange reserves and recent accumulation signals have kept market attention on Ethereum despite recent volatility.

Beyond major assets, the TON ecosystem reported $885 million in Q1 revenue and increased its share of the cross-chain NFT market, highlighting continued activity across blockchain applications.

On the technology front, MetaMask launched an AI-powered wallet with built-in security features, aimed at improving user interactions with crypto applications.

Meanwhile, gold recently fell below its 200-day moving average, drawing renewed attention to Bitcoin and broader crypto market sentiment."

At the close on Monday, the total market cap of all BSE Sensex companies stood at Rs 4,54,92,094.