Stock Exchange board of India (SEBI) allowed the investors to buy mutual fund schemes up to Rs 50,000 through digital wallets. This move is to promote digital payments in the
MF industry and channelise household savings into the capital market.

Twitter India has appointed Taranjeet Singh as Country Director for India. Singh will lead the Twitter India team by driving an integrated business strategy and spearheading
cross-functional collaboration to accelerate Twitter's audience and revenue growth in this key growth market.

Apple recently touched $800 billion market valuation, making it the world's first ever company to hit the milestone. At $800 billion, Apple's valuation was higher than the combined market cap of all the 30 Sensex companies. The world's most valuable company, Apple is followed by Google parent Alphabet, and Microsoft in market valuation.

Alibaba Group-backed Paytm has signed a non-exclusive term sheet to acquire rival FreeCharge, the digital payments platform owned and operated by beleaguered online
marketplace Snapdeal, in what is expected to be an all-cash deal. The deal, estimated at between $45 million and $90 million, could be finalised in a month once the deal is succesful.

The Reserve Bank of India (RBI) will introduce new batches for settlement of payments through the National Electronic Funds Transfer (NEFT) to ensure better service for customers. The aditional 11 settlement batches at half- hourly intervals will be introduced from 10 July, beginning from 8.30 am till 6.30 pm.

Edelweiss Tokio launched India's first and the simplest life insurance product that can be bought at a point of sale (PoS). PoS is the Saral Nivesh the first product to be approved by the Insurance Regulatory and Development Authority of India's (IRDA) guidelines on point of sale life products.

Jharkhand and Oracle signed a Memorandum of Understanding (MoU) to improve cloud-based citizen services and to make Jharkhand an attractive destination for start-ups. Oracle's cloud services will be used to support the State by providing transparent governance and adding the tech giant's expertise in areas of ICT infrastructure, real estate, health, education, housing for Ranchi smart city project.

The Department of Industrial Policy and Promotion (DIPP) and World Intellectual Property Organisation (WIPO) have signed an agreement to establish Technology and Innovation Support Centres (TISC) that would help innovators in developing countries exploit their potential. It provides innovators in developing countries with access to locally based, high quality technology information and related services, helping them to exploit their innovative potential and to create, protect, and manage their intellectual property (IP) rights.

India's First Integrated Bio-refinery for Renewable Fuels & Chemicals for producing ethanol from a variety of biomass. The plant is situated at Rahu in Pune district of Maharashtra. The demonstration plant has been built by Praj Industries. It is capable of producing one million liters of ethanol per annum by processing a variety of biomass like rice and wheat straw, cotton stalk, bagasse, cane trash, corn cobs & Stover with superior product yields.

Indian energy giant Adani today signed a 74 million dollar landmark deal with Australian steel group Arrium to buy steel for a 400-km rail line for its controversial Carmichael coal mine project. Arrium's division OneSteel Manufacturing Pty Ltd will supply 54,000 tonnes of steel to build the rail line linking Adani's proposed coal mine in central Queensland with the Abbot Point port.