Maharashtra government backtracked on its order demanding the removal of Ola, Uber, and Rapido from Google and Apple app stores over illegal bike taxi operations. The order, issued under Section 79(3)(b) of IT Act, 2000, may be challenged as the section pertains to blocking content/links, not entire apps. The government also wants to target bike taxis, not entire ride-hailing apps.

EY Canada has withdrawn a cybersecurity report after researchers flagged apparent AI hallucinations, including fabricated data, fake footnotes and citations. GPTZero reportedly found around 60% of the report’s citations appeared to be fake or hallucinated. The report, titled 'Points of Attack', focussed on fraud risks in loyalty systems. EY removed it and said it's reviewing publication process.

Delhi CM Rekha Gupta announced on Saturday that Delhi government will provide collateral-free loans of upto ₹10 crore to women's self-help groups and startups. "Government will act as guarantor of these loans," Gupta stated at the opening ceremony of the two-day 'Mega Self-Help Group (SHG) Mela-2026' in Rohini. She further said that handmade products tell stories of "women's hard work".

EV maker Rivian CEO RJ Scaringe raised over $12.3 billion across three startups including Rivian, Also and Mind Robotics. Rivian raised over $11 billion before its 2021 IPO, while micromobility startup Also has raised over $300 million since 2025. The robotics startup Mind Robotics raised $115 million initially, followed by $500 million in March and another $400 million this week.

Global data centre operator DayOne is considering dual IPO in Singapore and the US after initially planning to list only in New York, Reuters reported. The listing could value the company at around $20 billion. Notably, Shanghai-based GDS Holdings had set up GDS International in Singapore in 2022, which was rebranded as DayOne after separating from its parent company.

The US administration has not renewed the sanctions waiver on sea-borne Russian oil, a move it earlier said would stabilise supply and prices amid the war in West Asia. Countries, including India, bought millions of barrels of Russian oil during the waiver, which was introduced in mid-March and extended in April. The waiver finally lapsed on May 16.

AI-powered marketing platform Nectar Social has raised $30 million in a Series A funding round led by Menlo Ventures and its Anthology Fund. Founded by former Meta employees Misbah and Farah Uraizee, the startup uses autonomous AI agents for social activity, moderation and creator workflows. The company said the funding will support expansion and hiring across AI, engineering, and sales.

Amid the Middle East crisis due to US-Iran war, Marshall Islands-flagged tanker 'Symi' carrying approximately 20,000 tonnes of LPG has arrived at the Kandla Port in Gujarat. Symi successfully crossed the Strait of Hormuz on May 13. Another India-bound LPG tanker, NV Sunshine, also crossed the strait and is expected to arrive soon.

Vodafone Idea (Vi) will raise ₹4,730 crore from Aditya Birla Group through a preferential warrants issue to strengthen its balance sheet, expand 4G/5G rollout, and compete against Reliance Jio and Bharti Airtel. The move marks one of the biggest promoter-led confidence signals in Vi's recent history amid its ongoing debt and subscriber recovery battle.

Amid the Middle East crisis due to the US-Iran war, Compressed Natural Gas (CNG) rates were increased by ₹1 per kg on Sunday. In Delhi, CNG will now cost ₹80.09 per kg while in Noida and Ghaziabad, CNG will cost ₹88.70 per kg. This comes two days after ₹2 per kg hike was announced.