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Waterways Leisure Tourism IPO Launches
Waterways Leisure Tourism, operator of Cordelia Cruises, opens its IPO with price band of 769-808 rupees per share aiming to raise 585 crore rupees. The issue received 263 crore from anchor investors.
EV Logistics Startup Zypp Targets $200 Million IPO
Zypp Electric, a Gurugram-based electric vehicle logistics startup, is preparing for an initial public offering valued around $200 million with a target listing in fiscal year 2028. The company is in final stages of closing pre-IPO funding.
Economists Warn of Spanish Stagflation Risk
Nearly two-thirds of Spanish economists surveyed consider stagflation probable for the Spanish economy in 2026, anticipating combined inflation and stagnant growth. Projections indicate 3.0 percent inflation and 3.5 percent GDP growth for Poland, with gradual moderation expected in subsequent years.
Turtlemint IPO Closes With Strong Demand
The Indian insurtech company Turtlemint completes its initial public offering with 1.2 times oversubscription. Share price band was set between 144-152 rupees.
Corporate AI Spending Under Investor Scrutiny
Technology stock selloffs signal growing investor skepticism about whether massive corporate AI investments deliver sufficient return on investment, with concerns surfacing that the AI boom may constitute a speculative bubble. Chief executives and information technology leaders are facing pressure to tie AI expenditures to measurable business outcomes and revenue generation.
CRED Founder Shifts to WhatsApp Leadership
Meta completes $900 million investment in Indian fintech CRED while appointing founder Kunal Shah as global WhatsApp chief. Shah transitions from running India's fastest-growing payment platform to leading the global messaging giant.
Frida Kahlo Retrospective Opens at Tate Modern
The Tate Modern in London has opened 'Frida: The Making of an Icon,' a major retrospective of Mexican artist Frida Kahlo running through January 2027. The exhibition features self-portraits, photographs, and personal objects showcasing her revolutionary approach to self-portraiture.
HSBC Extracts 135 Million Pounds from SVB UK Restructuring
HSBC has collected another substantial dividend from the rescued UK operations of Silicon Valley Bank, while restructuring costs rise amid workforce reductions. The integration of SVBUK (rebranded as HSBC Innovation Banking) continues to generate profitability.
EU Isolates Official Over Israel Comments
European Union external relations chief faces diplomatic fallout after apartheid comparison remarks about Israel. German Chancellor Merz criticized the statements, leading to institutional isolation within the EU Commission.
Chinese Youth Embrace Experience Spending Over Status
Young Chinese consumers are shifting spending away from luxury brand status symbols toward experiential goods that provide emotional value, including virtual toy elves and humanoid robotic companions. This consumption pattern reflects changing generational priorities in China's evolving economy.
South Africa Edges India in T20 Thriller
South Africa secured a dramatic six-wicket victory over India in the Women's T20 World Cup at Old Trafford, with Marizanne Kapp's unbeaten 81 runs sealing the win. The match came down to the final balls as South Africa advanced their semi-final hopes while India struggled to capitalize on early momentum.
David Hockney Laid to Rest in Private Ceremony
The renowned artist David Hockney was given a low-key funeral at his request with just his partner and great-nephew in attendance. Hockney, who died June 12 at age 88, was a giant of modern art.
Explosion Forces Evacuation of Madrid High-Rise
A building explosion in Madrid's Four Towers complex prompted the evacuation of one tower on June 24, 2026. Emergency services evacuated residents from secure areas and treated individuals for smoke inhalation and anxiety.
London Summer Festival Brings Comedy and Music to City
The annual Leadenhall Live festival returns to central London this summer from June 23 to July 16 with over 30 events featuring comedy acts, line dancing, and lifestyle panels. The festival celebrates culture and community in the historic financial district.