Stock broking platform Zerodha is set to enter investment banking, expanding its financial services business amid a strong IPO market, Business Standard reported. The company has applied to SEBI for a Category I merchant banking licence through Zerodha Corporate Advisors. If approved, it will be able to manage IPOs, advise on fundraising, and offer merchant banking services.

Verizon and BT Group, two of the world's largest telecom firms, have agreed to merge their international subsidiaries to form a 50:50 joint venture with projected annual revenue of $4 billion. As part of the deal, Verizon will pay $625 million to BT. Additionally, the two companies announced that Martijn Blanken has been appointed the CEO-designate of the new JV.

Cisco will eliminate 471 jobs across its California offices, with the layoffs taking effect on July 13. The cuts will impact multiple departments, including software development, product management, and business operations. Last month, Cisco announced plans to reduce nearly 4,000 positions, or about 5% of its global workforce, as part of a restructuring aimed at increasing investments in AI.

Hyderabad-based The Capitalist Ventures has secured ₹10 crore in seed funding from angel investors. The company said the capital will be used for business expansion, operational infrastructure and customer acquisition. Founded in 2025 by Satyaram Nadimpalli, it operates two businesses, The Plug, a sneaker and streetwear platform, and The Capitalist Concierge, a luxury concierge service.

Insurtech startup Turtlemint made a weak stock market debut on Monday, listing at ₹134.9 per share, an 11.25% discount to its IPO price of ₹152. The ₹883 crore public issue comprised a ₹660.72 crore fresh issue and an offer for sale. Investor demand remained subdued, with the IPO subscribed just 1.2 times.

The Fear and Greed Index, operated by CNN, has hit a record low of 24.8, the lowest level since early April, despite the S&P 500 nearing its all-time high. The index falling below the 30-point mark signals that there's "extreme fear" in the market. The index had hit 6 points in March 2026 and 5 points in November 2025.

Adani Green Energy commissioned a 150 MW solar project at Khavda, Gujarat, through its wholly owned subsidiary. The project commenced commercial operations on June 28, 2026, taking the company's operational renewable energy capacity to 19,985.8 MW. Its Battery Energy Storage System capacity also increased to 3,366 MWh, strengthening its renewable energy portfolio.

HDFC Bank said an independent legal review found no evidence supporting the concerns raised by former Independent Director Atanu Chakraborty in his resignation letter. The review, conducted by two external law firms over three months, examined Board records, documents and interviews, and found no contemporaneous evidence or recorded dissent supporting the allegations.

HDFC Bank is likely to reappoint Sashidhar Jagdishan for a third term as its Managing Director and Chief Executive Officer (MD & CEO), following the completion of independent legal reviews into concerns raised by former chairman Atanu Chakraborty in his resignation letter earlier this year.

Jefferies has warned that memory chip prices could rise by up to 50% in Q3 2026 and another 40% in Q4, driven by soaring AI-related demand and ongoing supply shortages. The increases are expected to push up prices of laptops, smartphones and other electronics. Analysts believe meaningful relief may not arrive until 2028, even as major chipmakers expand production capacity.