BigBreakingWire

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Important Announcement July will be the final month of our Prime Membership. Our current funding is scheduled to end on July 23. As we have not received any commitment from our investors for additional funding, we have decided to wind up the Prime Membership service. Due to rising industry costs, it is no longer commercially viable to continue providing exclusive features such as deal-side data and other premium market updates. We will also be reducing our team size as part of this transition. Our regular news updates and articles will continue, but the frequency of updates may be lower as we streamline operations. We sincerely thank all our Prime members for their trust and support throughout this journey. Thanks Team BigBreakingWire

🚨 Bank of Korea Warns on Risks From Single-Stock Leveraged ETFs Bank of Korea says leveraged ETFs tied to Samsung Electronics and SK Hynix could increase market concentration and amplify price volatility. The central bank noted the two companies account for more than 50% of Korea's equity market capitalization and trading turnover. It warned these products could magnify inflows and outflows, increase retail investor losses during market declines, and intensify share price swings through ETF rebalancing and redemptions. The Bank of Korea said it will step up monitoring of single-stock leveraged ETFs and their impact on the stock market and financial system.

🚨 BREAKING: Ship traffic through the Oman-side transit of the Strait of Hormuz has dropped sharply as Iran tightens control over the strategic waterway. Multiple vessels turned back over the weekend, while some rerouted via the Iran-side channel. Some tankers are reportedly conducting "dark transits" by limiting public position broadcasts. Observed Oman-route traffic fell from 13 vessels on Friday to just 1 publicly indicated transit on Saturday, according to Kpler data. No official reason has been given for the turnbacks, though Iran has previously said ships must use its authorized transit channels.

Trump said he was surprised to see Iranians crying at Ali Khamenei's funeral. He thought people hated the former supreme leader and suggested the grief might be fake. "I was surprised to see some Iranians crying. I thought people hated Khamenei... Maybe it's fake tears." Source: Axios

President Trump spoke at the Salute to America Celebration. https://www.youtube.com/live/qNhZAA7E3Ss?si=tVCi1EABnY4yyLLR

🚨 INDIA HARDENS STANCE ON US TRADE DEAL India will not sign the interim trade pact unless its exports get lower tariffs than competing countries, says Piyush Goyal. The proposed framework includes the US reducing its reciprocal tariff on India to 18%, while India would purchase $500 billion worth of US goods over 5 years. India will also challenge the proposed 12.5% US forced-labour tariff at a USTR hearing next week, with the July 24 trade deal deadline approaching.

Tesla caps employee AI tool spending at $200/week starting July 6; excess needs manager approval. Spending on Musk-owned XAI's Grok is exempt. Grok has low uptake; most staff use ANTHROPIC's Claude. Several other US tech firms have similar AI spending controls.

Saudi outlets Hadath and Al Arabiya report that the US and Iran will meet in Pakistan on July 11. They will discuss sanctions, frozen Iranian funds, and nuclear issues. Iran's delegation will be chosen after Khamenei's funeral.

$BTC - RBI Backs Tough Crypto Curbs, Ban Still Under Consideration Top RBI officials have urged a parliamentary panel to keep banks and regulated financial institutions completely insulated from crypto assets and privately issued stablecoins, supporting a prohibition-leaning approach. The Parliamentary Standing Committee on Finance is expected to submit its report on virtual digital assets soon after holding its seventh meeting on the issue.

India targets $1 trillion exports this fiscal as Piyush Goyal outlines a roadmap, aiming for 16-17% goods growth and 11% services growth. Read 👇🏻 https://bigbreakingwire.in/india-targets-record-1-trillion-exports-in-fy27-piyush-goyal/

India and Japan expand AI ties with focus on trusted AI, infrastructure, LLMs, cybersecurity and a target to bring 500 Indian AI professionals to Japan by 2030. Read 👇🏻 https://bigbreakingwire.in/india-japan-deepen-ai-partnership-set-goal-to-build-trusted-ai-ecosystem/

India launched its first made-in-India EXIM shipping container as Maersk ordered 1,000 more units, boosting maritime manufacturing and self-reliance. Read 👇🏻 https://bigbreakingwire.in/maersk-orders-1000-more-india-made-shipping-containers/

India raises onion procurement price by 13% to ₹2,125/quintal from July 4, aiming to support farmers while strengthening buffer stocks amid stable supply. Read 👇🏻 https://bigbreakingwire.in/india-hikes-onion-procurement-price-13-to-rs-2125-quintal/

Important Announcement July will be the final month of our Prime Membership. Our current funding is scheduled to end on July 23. As we have not received any commitment from our investors for additional funding, we have decided to wind up the Prime Membership service. Due to rising industry costs, it is no longer commercially viable to continue providing exclusive features such as deal-side data and other premium market updates. We will also be reducing our team size as part of this transition. Our regular news updates and articles will continue, but the frequency of updates may be lower as we streamline operations. We sincerely thank all our Prime members for their trust and support throughout this journey. Thanks Team BigBreakingWire

India-Israel investment pact takes effect today, boosting investor protection, two-way investments, economic ties and paving the way for deeper strategic cooperation. Read 👇🏻 https://bigbreakingwire.in/india-israel-bilateral-investment-agreement-comes-into-force-today/

RBI: India's forex reserves fell to $666.93B, gold reserves dropped to $102.54B, SDRs to $18.56B; short dollar forward book hit a record $106.7B in May. Read 👇🏻 https://bigbreakingwire.in/india-forex-reserves-slip-to-666-93b-on-gold-decline/

Sitharaman says India's middle class, now 31% of the population, is the economy's growth engine; nearly 500 cities to emerge as new economic hubs as growth shifts to Tier-2 and Tier-3 cities; India expected to surpass China in middle-class population between 2030-35, citing OECD

FIIs bought Rs 1,355 crore, DIIs sold Rs 1,954 crore. Retail sold Rs 445 crore, Clients sold Rs 366 crore. Proprietary bought Rs 540 crore, Mutual Funds bought Rs 141 crore. Big deals in PB Fintech, GMR Airports, Capri Global, Hexacom, HFCL, DLF and more 👇🏻 https://bigbreakingwire.in/fiis_diis_data/fiis-bought-1355-cr-diis-sold-1954-cr/

FIIs bought 1355 cr, DIIs sold 1954 cr. FIIs gross volume only 24k cr. Full data soon.