Silver Surges to Record
Your daily dose of business news
🗞️ Tax Refunds Surge 5x as Processing Speeds Up
India’s tax overhaul is paying off — refunds have jumped five-fold this year as average processing time drops to just 17 days.
💬 Expert Take:
"Speedier refunds free up cash for spending and investments — a big win for taxpayer trust."
— Ravi Mehra, Tax Policy Analyst
🗞️ Retail Inflation Drops to Record Low of 2.1%
Retail inflation cooled to 2.1% in June 2025 — the lowest in years — strengthening the case for potential rate cuts by the RBI.
🗞️ Pension Funds Eye Rule Tweaks for Higher Returns
India’s pension fund managers want relaxed bond rules to secure better yields for your retirement corpus.
🗞️ Silver Hits ₹1.15 Lakh/Kg, New All-Time High
Silver surged ₹5,000 to hit a record ₹1.15 lakh/kg — driven by global safe-haven demand and robust retail buying.
💬 Expert Take:
"Silver could outperform gold this quarter if global risk fears persist."
— Meera Shah, Commodities Strategist
🗞️ Jane Street Deposits ₹4,800 Cr in Escrow, Seeks SEBI Relief
Jane Street has parked ₹4,800 crore in escrow, requesting SEBI to lift curbs linked to its alleged unlawful gains.
🗞️ Temasek India Portfolio Swells to $50 Billion
Temasek’s India assets have crossed $50 billion, reinforcing its bet on India as a long-term growth engine.
🗞️ Anthem Biosciences IPO Sees 25% Day 1 Subscription
Anthem Biosciences got 25% booked on Day 1. Market watchers suggest careful review amid muted GMP signals.
🗞️ Smartworks IPO 3x Subscribed on Final Day
Smartworks was subscribed 3 times overall; the NII portion saw strong demand at 5x. Listing day interest stays strong.
📊 Market Updates
📈 Sensex: 83,525.45 ▲ +0.10%
📈 Nifty 50: 25,500.10 ▲ +0.09%
💵 USD/INR: ₹85.55 ▶ stable
🪙 Gold (24K): ₹106091.50/10g ▼ +0.16%
🪙 Silver: ₹1,15,000/kg ▲ +1.2%
🪙 Bitcoin: $105,700 ▲ +0.7%
🛢️ Brent Crude: $83.40/bbl ▶ steady