EV logistics startup Zypp Electric is preparing for an initial public offering and aims to raise about $200 million, Mint reported. The company has appointed Axis Capital, SBI Capital Markets and DAM Capital to manage the issue. This comes as the Gurugram-based firm is closing a pre-IPO funding round and is targeting a public listing in FY28.

Indian IT stocks rebounded on June 22, ending a two-day decline after comments from Anthropic CEO Dario Amodei highlighted the need for AI companies to generate massive revenues to justify rising infrastructure investments. The IT index, which tumbled 3.7% on Friday after Accenture's weak demand forecast, rose 1.2%. Coforge, Tech Mahindra and OFSS led the gains.

BioCompute's Founder Anagha Rajesh has announced that her deep-tech startup will be moving its base from Bengaluru to US' San Francisco as it begins building DNA data storage chips. "While India is now starting to invest in deep tech through RDI fund and the likes, we don’t think the ecosystem is ready for a product like ours," the 24-year-old said.

Zoho founder Sridhar Vembu echoed concerns that the massive AI data-centre buildout could be a bubble, aligning with comments made by IBM CEO Arvind Krishna. He said Zoho would prioritise developing core AI capabilities instead of chasing an investment bubble. "To some people that would sound defeatist, but we will talk in 5 years," he said.

India's AI startup ecosystem is seeing strong hiring momentum as firms scale AI adoption beyond pilots. Hiring at AI-focused startups rose 21% YoY by May 2026, significantly faster than the broader startup sector. Growing demand for generative AI and automation is driving recruitment across engineering and product development. Mid-level AI professionals earn 15-20% more than software engineers.

Former OpenAI researcher Shyamal Anadkat said he has returned to India to pursue ambitious AI projects. Anadkat said he believes superintelligence can accelerate scientific progress and has long felt connected to India's ecosystem. After speaking with Indian researchers, he said the move no longer feels counterintuitive and may represent a once-in-a-generation opportunity for India's AI sector.

India's earnings recovery widened in the March quarter, led by manufacturing and investment-driven sectors, according to Axis Mutual Fund. Nifty 500 companies reported a 16% year-on-year rise in profits, while sales growth reached a 13-quarter high. Earnings remained resilient even after excluding financials and commodity sectors, reflecting broader economic strength across multiple segments.

Donald Trump administration's claim that "cheap Indian labour" is displacing Americans by taking over their jobs has been disputed by a new report. The report revealed that Indian H-1B workers earn a median annual income of $146,000 (₹1.38 crore), more than 2/3 of that of US-born college graduates. It also claimed that Indian H-1B workers are among US' highest earners.

Malaysia's low-cost carrier AirAsia X has cut fares by 5% since June 15 as jet fuel prices declined, CEO Bo Lingam said. He added that easing tensions in the Middle East following an initial US-Iran peace deal had provided much-needed relief to the aviation industry. Singapore jet fuel was trading at $112 per barrel on Friday after recent price declines.

Indian benchmark indices opened higher on Monday, recovering from last week's decline. Sensex jumped 473 points to 77,275, while Nifty rose 0.6% to 24,159. Banking, IT, and auto stocks led the rally, with strong market breadth as gainers far outnumbered losers on the NSE. Cipla, Tata Motors, Infosys, and HDFC Bank were among top gainers.