Foxtel Group, a key player in Australia’s media and entertainment sector, has recently undergone a significant internal restructuring following the acquisition of its sports streaming platform Kayo Sports by the global sports streaming giant DAZN. The deal, valued at approximately AUD 3.4 billion, marks a strategic expansion for DAZN and signals changing dynamics in sports media consumption worldwide.

One of Australia’s largest online electronics and PC retailers, Mwave, has entered voluntary administration, according to filings with the Australian Securities and Investments Commission (ASIC). The development raises concerns over the company’s liquidity and long-term viability in an increasingly competitive e-commerce and consumer tech environment.

The Indian equity market witnessed a broadly subdued performance in the week ending June 13, 2025, as the Nifty 50 index $^NSEI fell by 1.04% to close at 24,718, while Bank Nifty $^NSEBANK retreated by 1.8%, settling at 55,527.35. The decline followed a week of sectoral divergence, where IT (CNXIT) and pharmaceutical stocks outperformed, in contrast to muted action in real estate, autos, FMCG, and metal counters. The weakness extended across broader markets, with mid-cap and small-cap indices both slipping by over 1%, reflecting a risk-off sentiment among retail and institutional investors. Rising bond yields, continued foreign institutional outflows, and mixed global cues contributed to the cautious tone.