Capillary Technologies bolsters loyalty solutions with the acquisition of Tenerity’s Digital Connect. The Bengaluru-based SaaS startup aims to strengthen its presence in the US and European markets by incorporating Digital Connect’s reward ecosystem. Capillary now offers a comprehensive suite of end-to-end intelligent loyalty solutions, cementing its position as a leader in the industry.

IKIO Lighting’s IPO generates buzz, oversubscribed 3.61 times, with strong investor demand. LED solutions provider seeks to raise Rs 350 crore for debt repayment, new facility setup, and corporate purposes. A diverse customer base and integrated manufacturing infrastructure contribute to investor enthusiasm.

ONGC-controlled MRPL (Mangalore Refinery and Petrochemicals Ltd. ) plans to expand its refinery to increase petrochemical production capacity at a cost of roughly Rs. 470 billion. 

The Rs 76,000-crore ($10 billion) incentive plan for chip-making, as well as the talent pool and skilling programs, play to India’s strengths and highlight the country’s ascent as an industry leader. According to SEMI CEO, it is now or never for India to seize the lead in the semiconductor sector.

In their most recent annual study on the industry, global management consulting and strategic advisory firm Zinnov and venture capital firm Chiratae Ventures reduced the 2026 revenue forecasts of Indian software-as-a-service or SaaS startups from $100 billion to $26 billion.

According to research by Brand Finance, the multi-industry conglomerate Tata Group, which produces everything from salt to software, has maintained its title as India’s most valuable brand and has surpassed the $25 billion threshold. The worldwide brand value consultancy performs this task each year. Infosys, a significant player in the IT industry, is still in second place.

SEC Seeks Asset Freeze and Repatriation in Binance Case: The Securities and Exchange Commission (SEC) urgently seeks to halt Binance’s U.S. platform, freezing assets and repatriating customer funds. Alleging fraud and improper conduct, the SEC’s filing targets Binance’s founder and entities involved, aiming to safeguard assets and prevent evidence tampering.

Indian government refrains from providing tailor-made incentives to Tesla, the US electric car manufacturer, but states have the freedom to offer concessions. Tesla is showing interest in building a complete supply chain in India. Currently, imported cars as completely built units attract customs duties ranging from 60% to 100%.

SEC Files Lawsuit Against Coinbase for alleged unregistered broker and exchange activities, demanding a permanent halt. Coinbase’s shares fell 12% after the lawsuit, following a 9% drop due to charges against Binance. SEC claims Coinbase violated securities laws, while the company argues for transparent legislation instead of litigation

India-based healthcare venture studio, 2070 Health, secures a substantial $30 million investment from W Health Ventures. The funding will drive innovation in healthcare, accelerating the development of groundbreaking companies that aim to make high-quality healthcare more accessible and affordable for one billion Indians.

Cloud-lending firm Lentra raises $27 million in an extended series B round led by MUFG Bank and Dharana Capital, bringing their total funding to $87 million. Lentra aims to empower lenders globally with its loan management system and expand its presence in Southeast Asia and the US.

On June 6, Samsung will introduce the Galaxy F54 5G in India. On Flipkart and the Samsung website, the mid-range smartphone will be available for purchase. Some important camera specifications