The Income Tax Department on Sunday conducted a nationwide verification exercise on restaurants suppressing turnover. The exercise revealed suppression of sales amounting to around ₹408 crore by 62 restaurants across 46 cities in 22 states. This comes weeks after investigators uncovered a tax evasion racket involving concealed turnover estimated at nearly ₹70,000 crore at a Hyderabad outlet.

Oil marketing companies (OMCs) temporarily halted commercial cylinder sales to hotels, eateries and other commercial establishments amid supply disruption due to Middle East war, Moneycontrol reported. "As per…[government] directions…(commercial) cylinders are to be sold only to hospitals and educational bodies," OMCs told LPG distributors. It earlier halted non-domestic non-essential dispatches.

Iran warned oil prices could surge to $200 per barrel if US and Israeli strikes continue targeting its energy infrastructure. The warning comes as escalating Middle East tensions pushed crude above $100, with attacks on refineries, tankers and fuel facilities raising fears of major global supply disruptions.

Chennai-based digital transformation consulting firm KaarTech has secured $11 million in a funding round led by Playbook Partners, with participation from A91 Partners. The investment will support global expansion, hiring in North America and Europe, and potential acquisitions as the company scales its enterprise technology services.

SEBI Chairman Tuhin Kanta Pandey on Monday reacted to global market volatility driven by war in the Middle East. "It is important [for investors] to not panic at such moments and remain calm,” Pandey said, adding that India's domestic fundamentals continue to remain strong. His comments came on a day when Indian benchmark indices Sensex and Nifty ended sharply lower.

Flipkart has completed the process of shifting its holding company domicile back to India from Singapore ahead of its public listing. "Flipkart…received government…approval for its internal restructuring, pursuant to which Flipkart Internet Private Limited is now the holding entity of Flipkart group," its spokesperson said. Reportedly, Flipkart is in talks with several investment banks for IPO.

More than 95% of Bitcoin total supply has now been mined after the network issued its 20 millionth BTC at block height 940,000. With the supply capped at 21 million coins, only about one million remain to be mined over the coming decades, reinforcing Bitcoin scarcity narrative.

G7 countries have not yet decided on releasing emergency oil reserves that could relieve rising oil prices, which inched close to $120/barrel on Monday amid the Middle East war. "We're not there yet," French Finance Minister Roland Lescure said after an online G7 meeting. He noted that G7 countries have agreed to use "any necessary tools" to stabilise the market.

UniQure shares surged over 20% after Wells Fargo and RBC upgraded the stock, citing improving regulatory prospects for its Huntington disease gene therapy AMT-130. Analysts said the expected departure of a key FDA official could reopen discussions on the therapy approval, boosting investor optimism.

SharpLink shares gained attention after the company reported a 660% revenue jump to $28.1 million in 2025, driven by its Ethereum treasury and staking strategy. Despite posting a $734.6 million accounting loss due to Ethereum price declines, the firm now holds nearly 869,000 ETH, making it one of the largest public holders.