Serial entrepreneur and Zeta co-founder Bhavin Turakhia launched Neo, an AI-native enterprise work platform, backed by a $30-million personal investment. Neo comprises an AI assistant, a project management tool, workspace for documents and file-sharing platform. It is model-agnostic, allowing enterprises to switch between AI models rather than being tied to a single provider.

Amid concerns over ethanol-blended petrol, BJP's Amit Malviya said the programme was initiated under the UPA government. A pilot blending programme was launched in 2001 with the official Gazette notification in 2013, he said. "E5 (5% ethanol blending) was rolled out across multiple states by 2006," Malviya informed, adding that "Public debate should be informed by facts, not selective matters."

Asset management company SBI Funds Management is targeting an IPO valuation of $12.3 billion (₹1.17 lakh crore), Moneycontrol reported, citing industry sources. The firm, which is a joint venture between SBI and Europe-based Amundi, is aiming to list for IPO later this month. The IPO will be a pure offer-for-sale of 20.37 crore shares amounting to a 10% stake.

Cryptocurrency generated around $1.4 billion (over ₹13,000 crore) in US President Donald Trump's 2025 income. His companies received almost $800 million for World Liberty Financial (WLF), a decentralised finance application managed by his family which signed stablecoin partnership with Pakistan government. Pakistan Crypto Council signed a deal with WLF just days after the Pahalgam terror attack.

Chinese e-commerce firm Alibaba has agreed to pay $600 million to settle a US probe into allegations that it failed to prevent sales of illegal drugs on the platform. The Justice Department said Alibaba, as part of the agreement, admitted it had failed to prevent about 80,000 illegal sales between 2016 and 2024. The transaction value was over $200 million.

India's fuel consumption rose in June despite supply-chain disruptions caused by tensions in the Middle East and higher retail prices, preliminary data from the Petroleum Planning and Analysis Cell showed. Demand for petrol rose to 3,768 thousand metric tonnes (TMT), up 7% from the year-ago period, while diesel consumption rose 5.52% to 8,552 TMT, according to the data.

Mehli Mistry, one of late industrialist Ratan Tata's close associates, has resigned from the board of RNT Associates, the investment company founded by the former Tata Sons Chairman, Moneycontrol reported. Mistry submitted his resignation on June 30 and stepped down as a director on July 1. He said he was leaving due to the "preoccupation with my other commitments".

Foreign investors are showing early signs of returning to Indian markets as oil prices ease and rupee-stabilising measures support debt inflows. Elara Capital said India-focused outflows have moderated, while US ETF flows turned positive after five weeks. Equity flows remain fragile, but the pace of liquidation appears to be slowing.

Under the new EPF rules, 12% PF contribution is mandatory only up to the statutory wage ceiling of ₹15,000 a month, translating to ₹1,800 monthly regardless of actual basic salary. Any contribution above ₹1,800 is voluntary and can be adjusted or stopped anytime. Employers may match this extra voluntary amount but are not required to do so under the rules.

Ex-MP Priyanka Chaturvedi criticised "HR departments" over reports that kids were assaulted at a crèche inside IT firm Capgemini's campus in Bengaluru. "TCS had...conversion...& sexual harassment cases...Now at Capgemini...nannies were...assaulting toddlers and company was clueless," she said. "What were...HR departments up to...why so unaware of what's happening under their nose," she added.