Paytm's revenue rose 28% year on year to Rs 2,648 crore. UPI transaction value grew 42% for the quarter. That pace is more than double the industry's growth rate.

The IPO is expected to establish Anthropic, the AI lab behind the viral Claude models, as a benchmark for how Wall Street values leading AI companies, including rival OpenAI.

Meta is introducing a new class of non-voting Class C shares to fund acquisitions, employee compensation, and AI investments without diluting CEO's voting control.

First-week supply of the iPhone Duo could be just 6,000 units. Apple has asked its suppliers to raise the device's first-year production target by 44 percent, to 14 million units.

Accenture issued fiscal 2027 revenue growth guidance of 3%-6%, with the midpoint above market expectations, and reported a 4% rise in Q4 bookings to $22.17 billion. Accenture shares surged 22% in a single session. The move boosted U.S.-listed Infosys and Wipro by 6%-7%, while Cognizant rose about 8% and IBM added around 3%.

India announced on October 1 tighter inventory limits for sugar dealers, cutting the maximum stock to 1,000 quintals and shortening the holding period to 15 days. The new rules will take effect from October 15 through November 30. The move is intended to curb hoarding and help ensure a 28% drop in ex-mill sugar prices is passed on to consumers.

AI company Anthropic is targeting an IPO valuation of more than $2 trillion, even as its filings show a $42 billion net loss and plans for $518 billion in future cloud, computing and infrastructure obligations. Revenue rose 12-fold in 2025 to nearly $4.6 billion, but the company still posted an operating loss of more than $8 billion. The prospectus also shows 2025 spending of $7.33 billion on computing and infrastructure, alongside $20.28 billion in cash and short-term investments, according to Reuters.

PB Fintech cofounder and Group CEO Yashish Dahiya said proposed commission caps could cut the company’s general insurance revenue by between one-third and 40% if implemented. The Policybazaar parent said it would tighten spending and slow hiring, after adding about 6,000 employees in the first half of the year. Dahiya said the company might have hired closer to 2,000 if the proposed rules had been known earlier. PB Fintech said it expects no impact in FY27, but FY28 could be an adjustment period if the new framework takes effect then.

Zinc futures on the Multi Commodity Exchange (MCX) fell by Rs 3.85 per kg to Rs 360.35 per kg on July 1, a decline of 1.06%. The July contract recorded turnover of 1,080 lots. Analysts said weaker physical demand from consuming industries prompted market participants to cut long positions, weighing on prices.