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Prosus (AMS: PRX) Reports 84% Surge in Full-Year Core Profit as Adjusted EBITDA Climbs to $1.3 Billion
Prosus delivered a landmark set of results for its financial year ended March 31, 2026. The financial year ended March 2026 marked a milestone for Prosus: it delivered on its ambitious targets. This generate over $7.3 billion in revenue and $1.1 billion in Ecosystem adjusted EBITDA, with every one of its ecosystems now profitable and…

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…

Lenovo (HK:0992) Falls 9.8% to HK$21.14 Following Warning That AI Demand Will Continue to Support Memory Prices
Lenovo shares came under selling pressure on Monday after the company shared a long-term outlook that memory chip prices are unlikely to return to last year’s levels. While the stock declined sharply, the company’s comments highlighted a broader trend in the semiconductor industry, where rising artificial intelligence demand is expected to keep DRAM and NAND…

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….

Astral (NSE: ASTRAL) Shares Tumble 10% to ₹1,339 After Board Approves Chemicals Demerger, Analysts Flag Growth Concerns
Astral shares took a sharp hit on June 29, 2026. Shares of Astral dropped 6.5% to an early market low of ₹1,390 after the opening bell on Monday, June 29, compared to the previous close of ₹1,486.90, according to NSE data. The stock later touched a session low of ₹1,339. The selloff followed board approval…

DCX Systems Rallies 7% as Company Secures ₹431.83 Crore Order; Stock Hits Intraday High of ₹203.99
DCX Systems shares gained strong buying interest on June 29 after the defence electronics company announced a major purchase order worth ₹431.83 crore. The fresh contract boosted investor confidence, helping the stock climb nearly 7% during intraday trade and touch a high of ₹203.99 on the NSE. The order strengthens the company’s execution pipeline and…

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…

Ola Electric Consumer Case: District Commission Orders Free Repair & ₹45,000 Compensation After Trunk Lock Failure in S1 Pro
Ola Electric is back in consumer court headlines. A District Consumer Disputes Redressal Commission has directed the company to carry out a free repair of an Ola S1 Pro trunk lock failure and pay ₹45,000 in total compensation for service deficiency and mental agony. The order adds to a growing list of consumer rulings against…