Amazon reported cloud revenue that beat analyst expectations, driven by strong demand for AI services, sending its shares higher after the results. The performance came from Amazon Web Services, the company's cloud computing division, which has become a key growth engine as businesses expand their use of AI tools and infrastructure. AWS competes directly with Microsoft Azure and Google Cloud in a market where AI workloads are driving a new wave of enterprise spending. Strong cloud results tend to signal broader health in enterprise tech budgets, since companies pay for computing power as they build and run AI applications. Investors will watch whether AWS can sustain this growth rate and whether rising capital expenditure on data centers and chips will weigh on margins in coming quarters. Microsoft and Google's cloud units have also reported strong AI-driven demand, suggesting the trend is sector-wide rather than company-specific.
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.
