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HinduBusinessLine

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Wholesale price inflation declines 0.13% in June, against 0.39% rise in May

  • Wholesale Price Index (WPI) inflation in June 2025 declined by 0.13% compared to a 0.39% rise in May. The negative inflation was attributed to decreased prices of food articles, mineral oils, manufacture of basic metals, and crude petroleum & natural gas.
  • Food articles saw a deflation of 3.75% in June, with vegetables experiencing a significant drop. Manufactured products registered an inflation of 1.97%, and fuel and power saw a negative inflation of 2.65%.
  • The Reserve Bank of India (RBI) considers retail inflation for monetary policy formulation and recently reduced benchmark policy interest rates to 5.50% due to easing inflation. Core WPI inflation increased slightly to 1% in June.
  • ICRA expects WPI to remain in a deflationary state in July 2025 due to sustained deflation in food and crude oil prices. The nominal GDP growth is predicted to decelerate sharply between quarters.

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Bloomberg Quint

6d

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125

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Anthem Biosciences IPO Subscribed 73% On Day 1, GMP Rises

  • Anthem Biosciences Ltd.'s IPO was subscribed 73% on day 1 with a price band of Rs 540 to Rs 570 per share.
  • The IPO is a book-building issue of Rs 3,395 crore and consists of an offer for sale of 5.96 crore shares.
  • The funds from the IPO will go to the selling shareholders as it is entirely an offer for sale.
  • The grey market premium (GMP) for Anthem Biosciences IPO was Rs 112, indicating a potential listing at a premium of 19.65%.

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Bloomberg Quint

6d

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152

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Income Tax Department Probes False Deductions Of Political Donations

  • The Income Tax Department is conducting raids at over 200 locations across India in connection with false deductions of political donations.
  • Several intermediaries were found to have claimed bogus bills under Section 80GGC of the Income Tax Act, which allows deductions for donations to political parties.
  • The searches are also related to bogus medical expenses and tuition fees, as reported by ANI.
  • This is a developing story with more updates expected to follow.

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Moneyweb

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4

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Silver extends surge as tariff concerns create market tightness

  • Silver reached a 14-year peak driven by US tariff concerns and sustained gold demand.
  • Market tightness was observed with spot silver rising 1.6% in Asian trading and the cost of borrowing spiking to above 6% for one month.
  • Silver demand is high due to trade war fears, potential tariffs, and limited supply, with the metal outperforming gold with a 35% gain this year.
  • Gold also benefitted from geopolitical conflicts but lost some gains, trading near $3,360, while silver prices rose to $38.9712 an ounce.

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HinduBusinessLine

6d

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166

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Travel Food Services shares slip below issue price after lackluster market debut 

  • Travel Food Services shares listed at ₹1,126.20 on BSE and ₹1,125 on NSE, showing premiums of 2.38% and 2.27% respectively, in line with expectations from the grey market.
  • Post-listing, heavy selling pressure was observed, with sell quantity significantly higher than buy quantity, and the stock fluctuated between a high of ₹1,130 and a low of ₹1,077.
  • Travel Food Services' IPO, priced at ₹1,045-1,100, saw a subscription of 2.88 times. While institutional buyers were highly interested, retail investors subscribed only 0.69 times.
  • The company operates in multiple countries and holds significant market shares in the airport travel QSR and lounge segments. In FY25, it reported revenue growth of 20.87% and a profit increase of 27.35%.

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HinduBusinessLine

6d

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131

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Natural Gas: Corrective bounce possible. Wait to take fresh short positions

  • The recent bounce in natural gas prices is considered a corrective bounce within the downtrend, likely to be short-lived.
  • There are resistances between ₹296 and ₹315, suggesting a possible reversal lower in this range, keeping the downtrend intact.
  • A break below ₹270 could lead to further downside pressure, potentially pushing prices to ₹260-255 in the coming weeks.
  • Traders are advised to wait for clarity on the potential upside and consider fresh short positions only on a break below ₹270 with various stop-loss levels.

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HinduBusinessLine

6d

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119

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Blenders lift prices of good liquoring tea at Kochi auctions

  • In sale 28 at Kochi auctions, blenders saw a firm to dearer market for good liquoring teas, absorbing 64% of the offered quantity.
  • Average price realisation in CTC dust increased by ₹2 to ₹145 from ₹143 the previous week. Export enquiries were noted from Kerala Loose Tea traders and upcountry buyers.
  • Orthodox dust market was barely steady while the orthodox leaf grades market was firm to dearer with some irregularities. Exporters to West Asia and CIS countries provided support.
  • The CTC leaf market witnessed lower prices and withdrawals due to subdued demand from exporters. The total offered quantity was 6,64,975 kg across different tea varieties.

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HinduBusinessLine

6d

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Tata Steel starts working on electric arc furnace project in the UK

  • Tata Steel begins construction on the UK's largest low-carbon steelmaking facility with an investment of £1.25 billion.
  • The electric arc furnace project is expected to reduce Port Talbot's carbon emissions by 90%, support sustainable steel production, and create 5,000 UK jobs.
  • The project is part of Tata Group's broader investments in the UK, reflecting a long-term partnership with the country towards sustainable manufacturing.
  • The new EAF will melt UK-sourced scrap steel to produce 3 million tonnes of steel annually, contributing to Tata Steel UK's decarbonisation strategy.

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Moneyweb

6d

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167

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Musk suggests Tesla shareholders will vote on xAI investment

  • Elon Musk announced plans to have Tesla shareholders vote on investing in xAI, following reports of SpaceX considering a $2 billion investment in the Grok chatbot developer.
  • Musk stated that the decision to invest in xAI is not solely up to him and will require approval from Tesla's board and backers.
  • The potential investment comes as XAI Holdings, a combined entity involving xAI and X, aims to raise funds at a valuation of up to $200 billion, indicating Musk's effort to integrate different parts of his corporate empire.
  • Tesla had previous business dealings with xAI, with the startup spending $198.3 million on agreements with Tesla, including purchasing Megapack energy storage batteries.

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Guardian

6d

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97

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O2 decided my phone order was fraud and shut my account

  • An individual's phone order with O2 was flagged as fraudulent, causing their account to be locked and services disrupted.
  • It took O2 four days to confirm the legitimacy of the order and reinstate the account after the handset was returned.
  • There were delays and confusion in resolving the issue with O2, affecting the individual's ability to care for family members and access services requiring verification.
  • Three also had issues, as a customer faced a debt notice for a phone contract she never ordered, with conflicting claims from the provider causing further confusion and frustration.

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Hackernoon

6d

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399

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Can the Law Compile? Legal Speech as Machine Code

  • A forthcoming article explores the concept of executing legal norms like machine code without the need for interpretation.
  • The article introduces the idea of Compiled Norms, focusing on formal syntax and computational execution in legal language.
  • The framework distinguishes between declarative legal language and compiled legal language, emphasizing the importance of structural executability.
  • The article presents a technical typology of computable legal speech based on grammatical hierarchy, closure structure, semantic ambiguity, and deterministic parsing.

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HinduBusinessLine

6d

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263

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Nifty Bank Prediction Today – July 14, 2025: Nifty Bank July Futures: Can go either way. Stay out

  • Nifty Bank index has supports at 56,530, 56,450, and 56,400 with resistance at 57,050. The trading range is expected to be between 56,400-57,050.
  • Nifty Bank July Futures are currently trading flat with support at 56,700 and 56,650, and resistance in the 57,150-57,250 region.
  • A dip to test the 56,700-56,650 support zone is likely, with a potential steeper fall to 56,400-56,350 if the contract breaks below 56,650.
  • Traders are advised to stay out of the market due to the unclear immediate outlook.

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Bloomberg Quint

6d

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944

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'Don’t Have To Go To Office Anymore': Delhi Man Reveals How He Earns Rs 1.6 Lakh A Month After Job Loss

  • Former Microsoft employee reveals how he earns Rs 1.6 lakh monthly post job loss.
  • Reddit post details his income sources like rental properties, dividends, and investments.
  • Monthly expenses, savings, and plans for future investments discussed in the post.
  • Reveals family situation, assets, expenses, and roadmap to financial freedom after job loss.

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Bloomberg Quint

6d

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309

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Indian Pension Funds Said To Request Easier Bond Investment Rules

  • Indian pension managers are requesting the industry regulator to ease rules on the maturity of corporate bonds they can purchase.
  • They want the cap on buying corporate bonds maturing in less than three years to be relaxed and permission to invest in bonds rated by only one credit agency.
  • The current investment limit for corporate bonds maturing in less than three years is 10%, with most requiring ratings from at least two credit agencies.
  • The growing pool of household savings in India has resulted in increased pension fund assets, leading to the need for more flexibility in investment strategies.

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Guardian

6d

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161

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Pound hits three-week low after Bank of England says slowing jobs market could prompt rate cut – business live

  • The pound hits a three-week low following statements from the Bank of England suggesting a potential rate cut due to a slowing jobs market.
  • Bank of England Governor Andrew Bailey hints at the possibility of larger interest rate cuts if the jobs market deteriorates rapidly.
  • Bailey expresses belief in a downward path for interest rates but remains cautious, emphasizing the need for a gradual and careful approach.
  • Concerns arise regarding slack in the economy, potential adjustments in employment, hours, and pay rises influenced by factors like the National Insurance Contributions (NICs) change.

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