Fitness provider Cult.fit will file its draft papers for a ₹3,500 to ₹4,000 crore IPO, Moneycontrol reported, citing sources. The IPO will have a mix of a fresh issue and an offer for sale for existing shareholders, the report added. The firm turned EBITDA positive in the last quarter of FY26, and its revenue was over ₹1,700 crore, sources added.

The market will see a significant oil surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in a report. The agency expects oil supply will surge by 8 million bpd while demand will rise by 2 million bpd in 2027. This would be an opportunity to replenish inventories, IEA said.

AI startup Odyssey on Wednesday said it has raised $310 million in a Series B round, which valued the firm at $1.45 billion. The round saw funding from Amazon, AMD Ventures, and Google Ventures along with Google's chief scientist, Jeff Dean, and Y Combinator CEO, Garry Tan. Odyssey offers world models made from data gathered from the physical world.

Apple will raise the prices of its products as the cost of memory chips has surged due to a shortage, Apple's outgoing CEO Tim Cook told The Wall Street Journal. He said that price increases are "unavoidable" as the situation has become "unsustainable". Notably, the shortage is being driven by AI-fuelled data centre demand.

Crude oil prices slipped further in early trading on Thursday after the US and Iran signed a Memorandum of Understanding (MoU) to end the war in the Middle East. Brent crude futures fell 1.12% to $78.66/barrel, while US West Texas Intermediate (WTI) crude dropped 1.28% to $75.81/barrel. Iran will reopen the Strait of Hormuz "instantly", Pakistan PM Shehbaz Sharif said.

The Road Transport Ministry is planning to introduce digital monthly and annual toll passes for residents living within a 20-km radius of toll plazas. Linked to FASTag and verified through Aadhaar, the passes will allow unlimited crossings and are expected to simplify travel under India's barrier-less tolling system while reducing toll-related disputes and violations by local commuters.

Noam Shazeer, who was a vice president of engineering at Google and a co-lead for its Gemini, is set to join OpenAI. Shazeer is leaving less than two years after Google paid about $2.7 billion to bring him back from Character.AI. OpenAI CEO Sam Altman said, Noam is one of the people I have wanted to work most with.

The National Stock Exchange (NSE) filed draft papers with SEBI on Wednesday for an initial public offering (IPO) estimated at around ₹30,000 crore, set to be the largest in Indian stock market history. The issue will be an offer for sale of 14.89 crore equity shares, nearly 6% of the exchange. NSE has been trying to list since 2016.

After Telegram was temporarily banned in India, many users tried to bypass the restrictions using VPNs. This was shown by the surge in searches for keywords like "VPN for Telegram", "Best VPN for Telegram", and "How to use Telegram after ban". The search interest for "VPN for Telegram" rose from 0 to 100 on June 16, according to Google Trends.

Navi Mumbai is set for a major transportation upgrade with the approval of a ₹5,575-crore integrated metro corridor connecting Sagar Sangam, CBD Belapur, Pendhar, and the upcoming Navi Mumbai International Airport. The 28-km network will add 13 stations and is expected to benefit around 12 lakh commuters by improving connectivity, reducing road congestion, and enhancing airport access.