Apple's announcement of the all-new Apple Intelligence (AI)-powered virtual assistant, Siri AI, at WWDC 2026 on Monday failed to impress investors. The shares of the iPhone maker closed at $301.54, down 1.89%, despite Apple unveiling major AI-related updates. The market was hoping for a bigger AI breakthrough but instead viewed the new features as evolutionary rather than revolutionary.

TCS conversion case accused Nida Khan has admitted during police questioning that she trained the victim how to offer Namaz, News18 reported. Nida also said that she frequently took her to her residence, where religious instruction sessions were conducted. She further revealed that the victim was forced to observe a 30-day fast during Ramzan.

Quick commerce firm Zepto has filed an updated draft red herring prospectus (UDRHP) with SEBI for its IPO. The issue includes a fresh equity raise of ₹8,010 crore along with an offer-for-sale by existing shareholders. The total IPO size is expected to range between ₹9,000 crore and ₹10,000 crore, depending on the final OFS component.

ChatGPT-maker OpenAI has announced that it filed confidential IPO papers with the US Securities & Exchange Commission. However, the company said a listing may take time as certain goals are easier to achieve while remaining private. Earlier, Reuters reported OpenAI could target a valuation of up to $1 trillion. The move follows rival Anthropic's IPO filing earlier this month.

A US court on Monday struck down $100,000 fee announced by US President Donald Trump on new H-1B visas, declaring that the application charge was unlawful and must be invalidated. The Boston court said that the fee wasn't a penalty but a tax which was implemented without any authorisation from Congress. The US government said it would appeal the decision.

Pakistan's annual budget has hit a deadlock after National Economic Council meeting was postponed for third time, News18 reported. The delay stems from disagreements between federal government and provinces over spending priorities, revenue-sharing arrangements and proposed budget cuts. IMF, overseeing its multi-billion-dollar bailout programme, has warned against excessive government spending.

A Reddit user claimed that a startup founder responded with a middle-finger emoji to their message for backing out of a "strangely unstructured" internship interview. Flagging different issues with the company, they said, "That emoji told me more about the company culture than the interview...could." While some users agreed with the user, others asked them to disclose the company's name.

Cloudflare CEO Matthew Prince said he once blocked veteran investor Vinod Khosla's number after he suggested firing his co-founders during funding talks. "Vinod...said, 'I'm impressed with you, not so much with them. What if you fire them and I'll give you all their stock?'," Prince recalled. Khosla said, "I may sometimes be wrong, but I'll always give entrepreneurs my best...opinion."

OpenAI CFO Sarah Friar compared the importance of AI tools to that of Excel in the past. "I would never hire a finance person who didn't know...Excel, and I probably wouldn't hire a finance person today who doesn't know how to use a tool like Codex," she said. OpenAI's Codex can fix bugs and handle other routine tasks through prompts.

Analysts project Elon Musk could become the world’s first trillionaire, while his wealth is primarily paper-based and subject to market volatility. SpaceX IPO remains one of the most closely watched events in finance. According to estimates cited by CNN, his net worth could rise by billions of dollars under certain valuation scenarios, potentially pushing him beyond the $1 trillion mark.