VNET Group Inc reported high growth in its latest period, driven by surging demand for AI infrastructure across its data center operations. The China-based operator has positioned its capacity expansion around AI workloads, which are commanding premium pricing and longer contract durations compared to legacy cloud tenants. VNET's revenue trajectory reflects a broader repricing event in Asian data center markets, where hyperscalers and domestic AI firms are competing aggressively for colocation and power-dense rack space. The company's ability to convert AI demand into contracted backlog will determine whether current growth rates translate into durable margin improvement. Investors should watch utilization rates, capital expenditure guidance, and the pace of new capacity coming online, as the balance between supply additions and demand absorption remains the central variable in VNET's near-term valuation story.
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.
