India, China among markets where top firms lose market cap share in AI lag

Choice Broking’s Aakash Shah picks three buys: Jay Bharat Maruti (₹166.85; SL ₹155; Tgt ₹180/₹185) after a 61% surge to fresh highs; Astra Microwave (₹1,722; SL ₹1,598; Tgt ₹1,850) on strong uptrend; Welspun Corp (₹1,455; SL ₹1,386; Tgt ₹1,555) post breakout. All show strong momentum above key MAs.

Analyst Nandish Shah (HDFC Sec) suggests July 28 bull spread strategy: United Spirits—buy 1400C ₹25, sell 1450C ₹12; (lot 400); max profit ₹14,800, loss ₹5,200, BE 1413. Cipla—buy 1450C ₹40, sell 1500C ₹21 (lot 375); max profit ₹13,175, loss ₹8,075, BE 1469; book profits if ROI >20%.

Lorcan Tucker’s Ireland beat India 2-0, sealing a first-ever bilateral T20I series over the Men in Blue with a 1-run win in Belfast. India slumped to 19/3; Tilak Varma 55 and Harshit Rana 21 couldn’t finish, ending 153/9 chasing 155. The result snaps India’s 16-series unbeaten T20I run.

England Test captain Ben Stokes, 35, will retire from international cricket after the third Test vs New Zealand at Trent Bridge. Debuting in 2011, he amassed 7,243 Test runs and 200+ wickets, starred in England’s 2019 ODI and 2022 T20 World Cup wins, and led the Test side since 2022. 

Kerala’s Ancy Sojan leapt 6.88m at the National Inter-State in Bhubaneswar, breaking Anju Bobby George’s 2004 Indian long jump record (6.83m) and meeting AFI’s 2026 Asian Games mark. The 25-year-old Navy CPO, a 2023 Asian Games silver medallist, now ranks among Asia’s best and eyes Asian Games gold.

After a 34-run defeat, Shreyas Iyer’s India face Ireland in the 2nd T20I in Belfast, seeking to avoid a first T20I series loss since 2023. Forecast: cloudy with passing showers but improving, and strong drainage should aid play. If washed out, Ireland clinch the series 1-0.

Israel may list state defence giants IAI and Rafael in the US—seeking looser disclosure—while selling up to 30% stakes by year-end. A July delegation will assess IPO/dual-listing. Valuations: IAI ~₪100b, Rafael ~₪60b. Proceeds would ease budget strain; overseas listings for subsidiaries also eyed.

Google limited Meta’s access to Gemini, unable to meet the compute Meta sought, FT reports. The shortfall delayed some Meta AI projects; others were less affected. Meta urged token efficiency. Compute shortages persist as Google Cloud hit $20B in Q1; Pichai said constraints curbed growth

Week marked by weak core-sector output (7‑month low; coal/refinery down) but stronger externals: FDI up 65% in Apr 2026 and forex reserves +$963m to $672.6bn. Govt imposed anti-dumping steps, pushed domestic coal at ICB plants, sped disinvestment (IRFC sale).

Algeria and Austria drew 3-3 in a wild World Cup 2026 finale. Riyad Mahrez scored in stoppage time, but Sasa Kalajdzic’s last-gasp equalizer sent both through to the Round of 32 on four points. The result cruelly eliminated Iran, who needed a winner after a VAR call left them on three.

A global pivot to electrification, urged by 112 firms, aims to cut fossil dependence and shift influence to clean power, batteries, and smart grids. For India, it could cut oil imports and spur mfg, but needs critical minerals and major grid/storage upgrades, now backed by rising public investment.

Goldman Sachs raised India’s CY26 GDP forecast to 6.8% after a US-Iran deal lowered oil prices, easing macro risks. It cut FY27 inflation to 4.9%, trimmed the CY26 current account deficit to 1.1% of GDP, and expects a 0.7% BoP surplus, citing resilient Q1, softer commodity-driven fiscal relief

India’s rooftop solar hit a record 2.7 GW in Q1, taking capacity past 23.5 GW as the PM Surya Ghar subsidy drives demand. Yet 82% sits in a few states; gaps stem less from cost than awareness, approvals, and financing. Experts call for state-specific, execution-focused reforms to spread adoption.

AI data centers’ HBM demand has diverted capacity from DRAM/NAND, lifting memory costs across devices. Micron’s 2026–2030 take-or-pay deals lock in high prices, prompting Apple/Microsoft hikes. Analysts see tight supply beyond 2027, rising legacy prices, slower upgrades, longer device cycles.

Shipping has resumed in the Strait of Hormuz after a US‑Iran MoU, but Iran insists ships use IRGC‑approved routes and rejected UN‑proposed corridors. A recent vessel strike paused evacuations, highlighting a fragile truce and unresolved disputes over sanctions, nuclear issues, and maritime control.

India's MEA Toshakhana is auctioning diplomatic gifts till June 30, 5 pm (Rs 1,000 bid steps). Highlights: Rolex Yacht-Master II (Rs 16.85 lakh), other luxury watches, an Omani khanjar, a Nine Dragons glass sculpture, artworks, and electronics like a MacBook Pro and iPhone 15 Pro Max.

Apple raised prices across iPad, Mac, MacBook and more, citing AI-driven memory and storage shortages as chipmakers prioritise HBM for data centers. Analysts expect industrywide hikes, a tilt toward premium devices, and iPhone price increases within weeks despite its initial exemption.

Mahesh Dixit, a 1993-batch IPS officer and IB Special Director, has been appointed Intelligence Bureau chief for two years, succeeding Tapan Deka. A doctor-turned-cop, he led J&K SIB and has deep counter-terrorism experience across J&K, the Northeast, Ladakh and anti-Naxal ops; ACC approved.

NHAI will deploy/upgrade ATMS on 1,205 km in Delhi-NCR for real-time monitoring, faster incident response and enforcement. Features: AI cameras, VMS, speed alerts, OFC, e-Challan, and multi-tier control centres (hub: Sohna). Separately, Chennai’s JICA-backed ITS adds smart signal, incident detection

Alembic Pharma received USFDA final approval for its ANDA of Oseltamivir Phosphate oral suspension 6 mg/mL, a TE generic to Tamiflu for flu treatment/prevention; market ~$27M. It now has 223 final/20 tentative ANDA nods. Also got tentative OK for Binimetinib 45 mg.

Maruti Suzuki’s Brezza facelift, expected by July, brings subtle styling tweaks and major upgrades: a 1.0L turbo-petrol alongside the 1.5 NA, ventilated and power front seats, underbody CNG tank, larger infotainment with wireless AA/CarPlay, ADAS, and new alloys to boost performance.

Delhi HC ordered Meesho to remove innerwear listings using marks like JOYKE/JOYEBEE/JOYESS/JOJOKE, found prima facie similar to JOCKEY. It granted an ex parte injunction, told Meesho to block within 36 hours and share sellers’ KYC, addresses, UPI, records, IP logs in 4 weeks. Next hearing Sept 24.

RBI: Banks shut Fri, June 26, 2026 for Muharram across 18 locations (incl. Maharashtra, Karnataka, MP, TN, Telangana, UP, WB, Delhi). Aizawl and Shimla also closed June 29. With fourth Sat (June 27) and Sun (June 28), many get a 3-day break. Most services remain online; plan branch tasks early.

The White House asked OpenAI to initially release GPT-5.6 only to a select set of government-approved partners, reports Axios. The ONCD and OSTP made the request as the Trump administration builds a security testing framework—marking the first U.S. bid to curb a frontier model’s rollout pre-release.

Amazon CEO Andy Jassy pledged an extra $13b, taking planned investment to ~$48b by 2030, including $21b for AI/cloud and AWS expansion in Mumbai/Hyderabad. Amazon will add 20+ fulfilment centers, 100+ delivery stations, boost ecom/qcom amid rivals, and met PM Modi and startup leaders.

No single document proves Indian citizenship. Passport, Aadhaar and voter ID are ID/travel papers, not conclusive. Citizenship is under the Citizenship Act via birth, descent, registration/naturalisation, with courts weighing evidence; the burden can shift under the Foreigners Act.

India’s NABARD, SIDBI and NaBFID plan to raise at least $1.5bn via foreign-currency loans under the RBI’s discounted overseas borrowing scheme, favoring loans over debut dollar bonds. NaBFID leads, eyeing $500m now (up to $2bn FY) at 6.5–7% costs; NABARD/SIDBI may follow in 30–40 days.

India’s quick-commerce boom runs on dark stores but faces FSSAI/state scrutiny over hygiene, storage and fragmented oversight. With no separate rules or fixed inspections, enforcement is reactive. Experts call for risk-based checks, stronger penalties, supply-chain traceability, tech-led monitoring.

JP Morgan’s 2026 AI scorecard: India ranks high in research (Stanford #3) but lags in implementation and government readiness. The US leads; China is closing and growing chip self-sufficiency. US TSMC reliance is a risk. Soaring model costs push cheaper/open models and custom chips.

India’s renewables are surging but variability and low hydro (weak monsoon) led Grid India to ready gas plants for evening peaks. LNG dependence and price spikes complicate this stopgap. Reliability now hinges on storage, flexible generation, forecasting, and demand response.

JP Morgan’s 2026 AI scorecard: India ranks high in research (Stanford #3) but lags in implementation and government readiness. The US leads; China is closing and growing chip self-sufficiency. US TSMC reliance is a risk. Soaring model costs push cheaper/open models and custom chips.

Akshay Kumar’s Welcome to the Jungle opens June 26 with a UA 16+ rating. Advance bookings are modest (~Rs 1 cr; 40k tickets; Rs 91.8L unreserved, Rs 2.77 cr with reserved). Analysts expect a Muharram boost and Rs 15–20 cr Day 1. Big ensemble, third in the Welcome franchise.

In 1975, India’s Emergency suspended liberties, jailed opposition, censored the press, and expanded executive power. Coercive sterilizations and slum demolitions bred anger. A united Janata Party won in 1977, ending the Emergency and spurring reforms, though instability soon returned.

India begin their first T20I assignment since winning the World Cup, with Shreyas Iyer taking charge of a squad facing a major selection call at the top

India launched a hub-and-spoke aviation model to boost international links from Tier-2/3 cities, naming Varanasi the first spoke to hubs like Delhi, Mumbai, Bengaluru and Hyderabad. Six more will follow. Integrated check-in/immigration aims smoother transfers, aiding growth toward 2047 hub goal.

Amid global uncertainty, India stays resilient; RBI sees FY27 GDP at 6.6%. Demographics and planning needs to lift life insurance, aided by GST removal and IFRS. HDFC Life reports 12% premium growth, 10.8% new-biz share, ₹1,910 cr profit, ₹3.75 tn AUM; doubles down on diversified, digital, protection-led offerings.

ITC has slid 29% in 2026, hitting ₹275 amid tobacco tax hikes, vs Sensex -9%/Nifty -7.5%. After a 6% bounce (now +1.6% in June), Bajaj Broking flags a stochastic buy and correction near exhaustion, with support ₹270–₹290 (200‑month EMA ₹260), eyeing a pullback toward ₹300 (~13%).

A malware campaign uses search ads to lure developers installing AI tools (Claude Code, OpenClaw) to Squarespace-hosted lookalike docs that run infostealers. Windows gets Amatera; macOS, AMOS. Kaspersky warns exposure of code, credentials, and corporate data as attacks expand to tools like Doubao.

Rubrik’s CTO Arvind Nithrakashyap says India is core to the firm as it builds products there. He outlines cyber resilience as a mindset amid rising identity-led attacks, AI that both expands threats and accelerates defenses, India’s digitisation/regulation, and the move to quantum-safe encryption.