The IT ministry plans to create a panel of up to 20 technology firms to modernise legacy government IT systems using artificial intelligence. The proposed panel includes 10 general-category firms and 10 startups and MSMEs. Selected companies will execute project-specific assignments for ministries, state governments, PSUs and other government bodies through NICSI work orders.

Digital lending startup Fibe has filed draft IPO papers with the Securities and Exchange Board of India (SEBI) to raise ₹750 crore through a fresh issue. The offering also includes an offer for sale of about 40 million shares. Existing investors, including TPG, Norwest, Chiratae, Piramal Finance and Eight Roads, will sell their stakes through the IPO.

AI coding start-up Cursor, recently acquired by SpaceX, has launched its first iOS app, allowing developers to manage AI coding agents directly from their iPhones. The app lets users start new coding agents, assign tasks, and interact with agents already running on the desktop version. The app doesn't support direct code editing but acts as a companion for supervising agents.

Wall Street bankers are growing more optimistic after record-breaking equity offerings by SpaceX and Google parent Alphabet boosted confidence in capital markets. US IPOs and share sales reached a record $251 billion through June 26, surpassing the previous first-half high set in 2021, according to Bloomberg. SpaceX's $86.2 billion IPO became the largest ever.

OpenAI has shared a teaser for its first-ever hardware product, set to be launched on July 15. According to the video, the square-shaped device fitted with multiple buttons is designed for Codex, OpenAI's AI coding assistant. The product, designed in collaboration with mechanical keyboard manufacturer Work Louder, could offer Codex users dedicated shortcut controls.

India now contributes less than 12% of OYO-parent Prism's revenue, while US has emerged as its largest market, according to company's updated draft red herring prospectus. US accounted for ₹12,022.51 crore, or 52% of global bookings, followed by Europe at ₹4,039.11 crore, underscoring OYO's growing dependence on overseas markets. India contributed ₹2,731.71 crore, or 11.91% of global bookings.

In an interview, US' Republican Senator Steve Daines said, "If countries were a stock, I'd be buying India right now." "You look at the top 20 economies in the world as related to GDP. India's ranked fifth, on its way to fourth in the world," Daines added. He stated that India-US relationship is at one of its strongest points.

India's Unified Payments Interface (UPI) has expanded to Greece, adding another international market to its global footprint. Greece becomes the 10th country where UPI is available. The network supports services ranging from QR code-based merchant payments for Indian travellers to cross-border remittances. The rollout comes during Commerce Minister Piyush Goyal's official visit to Athens.

Several pics showing the unreleased iPhone 18 Pro undergoing drop tests at one of Tata Electronics' plants are part of files leaked in the cyberattack on the Tata firm, Reuters reported. The files carried Apple's "confidential" watermarks and internal code names. The pics showed a conventional slab-shaped grey handset with a three-rear-camera setup and an Apple logo.

Finance Ministry has extended the due date for filing appeals before the GST Appellate Tribunal (GSTAT) by a month to July 31. The ministry said the decision was taken after stakeholders highlighted technical difficulties due to a rush to file appeals on the last day. It noted that the last 15 days saw 5,500 appeal filings on average each day.