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Omaxe (NSE: OMAXE) Shares Surge 20% After Unveiling Hospitality Vertical With ₹6,200 Crore Investment Plan
Omaxe (OMAXENS) delivered the biggest intraday move on the NSE on June 29, 2026. Shares of real estate developer Omaxe skyrocketed 20% after the company announced its dedicated hospitality business division with plans to develop around 19 hotels spread over nearly 5 million square feet across five states in the next four to five years….
DoorDash Not Working? Thousands Report DoorDash Outage on Sunday
DoorDash (DASH) went dark for thousands of users on Sunday, June 28, 2026. Reports on outage-tracking service Downdetector surged around 6:25 PM Eastern Time. Users across the US experienced login failures, app errors, and delivery delays. One confirmed outage was detected between 11:16 PM and 11:30 PM, lasting roughly 13 minutes. The disruption rattled Dashers…
China’s CXMT Signs $3 Billion DRAM Supply Deal With Tencent, Holds Talks With Alibaba, ByteDance and Xiaomi
China’s push to strengthen its semiconductor industry reached another milestone in June 2026 as memory chip maker CXMT reportedly signed a 3 billion DRAM supply deal with Tencent. The company is also in talks with Alibaba, ByteDance, and Xiaomi, signaling rising demand for locally made AI memory chips. As China’s tech giants expand AI infrastructure,…
Amazon’s Rapid Delivery Push Wipes Out Over $15 Billion in Value for Eternal and Swiggy
India’s quick commerce market entered a new phase in June 2026 as Amazon stepped up its rapid delivery expansion, shaking investor confidence. The move triggered a sharp sell-off, wiping out more than $15 billion in the combined market value of Eternal and Swiggy within days. Analysts believe tougher competition could increase spending and delay profits…
Baidu (NASDAQ: BIDU) Shares Surge 7% After Report Says AI Chip Unit Kunlunxin Targets $50 Billion Valuation in Hong Kong IPO
Baidu shares surged nearly 7% on June 29, 2026, after reports revealed that its AI chip subsidiary, Kunlunxin, is targeting a Hong Kong IPO with a valuation of up to $50 billion. The news has sparked strong investor interest and renewed attention on China’s rapidly expanding AI semiconductor sector. As competition in artificial intelligence intensifies…
Samsung Electronics and SK Hynix to Build Four New Chip Fabs Under South Korea’s ₩800 Trillion Semiconductor Mega Project
South Korea is pushing one of the biggest semiconductor expansion plans in the world, worth about ₩800 trillion, or nearly $520 billion. The plan focuses on strengthening chip manufacturing, AI memory production, and advanced semiconductor supply chains. At the center of this move are Samsung Electronics and SK Hynix, two global leaders in memory chips….
German AI Push Could Unlock €300 Billion in Economic Gains as Companies Battle Growing Worker Shortages
Germany’s labor shortage is becoming a major economic challenge in 2026. With hundreds of thousands more workers retiring each year than entering the workforce, businesses are struggling to fill critical roles across manufacturing, engineering, healthcare, and technology sectors. At the same time, artificial intelligence is gaining momentum as a practical solution. Experts estimate that wider…
Gold Price Today: MCX Gold Falls 0.56% to ₹1,43,350 as US-Iran Escalation Fuels Inflation Worries
The Gold Price in India moved lower during the latest trading session as traders reacted to fresh geopolitical developments in the Middle East. On the Multi Commodity Exchange, August gold futures declined by 0.56%, or around ₹804, to ₹1,43,350 per 10 grams. The decline came even as global uncertainty remained high, showing that investors are…
KRX Stock Market Today: KOSPI Drops 2% as Samsung Electronics Falls 5% & SK Hynix Slips 3% Ahead of $1.3 Trillion AI Investment Plan
South Korea’s stock market faced sharp pressure on June 29, 2026, as the KOSPI index fell nearly 2%, led by a 5% drop in Samsung Electronics and a 3% decline in SK Hynix. The sell-off came just as the country unveiled an ambitious $1.3 trillion AI and semiconductor investment strategy. While the long-term outlook remains…