Amazon Web Services beat Wall Street's cloud revenue forecasts, posting 28% year-over-year growth fueled by rising enterprise spending on AI tools and infrastructure. The result cleared analyst estimates and signals continued momentum in the cloud sector as businesses scale up AI workloads. Amazon has also locked in significant AI partnerships that are adding to AWS demand. Despite the strong cloud numbers, Amazon's stock fell after the company guided current-quarter operating income below what analysts had expected. The gap between cloud growth and profit expectations points to a familiar tension: Amazon is spending heavily to build out AI infrastructure now, betting it can convert that investment into revenue over the coming years. For investors, the key question is how quickly that spending translates into margin expansion. Watch for updates on AWS deal flow and capital expenditure guidance, which will signal whether Amazon is pulling forward demand or facing genuine cost pressure.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
