Author: Sreelatha M

Categories
Beyond

Gold slips to ₹145,460, Silver tops ₹227,160

Gold and silver prices witnessed mixed movement on Friday, July 10, with domestic futures reflecting cautious sentiment in the bullion market. MCX gold was trading 0.28% lower at ₹145,460 per 10 grams, while MCX silver futures edged 0.10% higher to ₹227,160 per kg.

In the retail market, however, gold prices remained largely stable across major cities. In Delhi, 24-carat gold was priced at around ₹145,800 per 10 grams, while 22-carat gold stood at ₹133,650. Similar price trends were seen in Mumbai and Kolkata, with only minor variations due to local taxes and transportation costs. Retail silver (999 purity) continued to trade above ₹2.26 lakh per kg.

The mixed trend comes as investors weigh global economic developments, including expectations around interest rates, inflation and geopolitical uncertainties. These factors continue to influence the movement of precious metals, with gold often attracting investors during periods of uncertainty, while silver benefits from both safe-haven demand and its industrial applications.

Jewellers said stable retail prices are encouraging buyers who have been waiting for a pause in recent volatility. Demand for jewellery and investment purchases is expected to remain steady, supported by the upcoming festive and wedding season. However, many consumers are still comparing prices before making large purchases.

Market analysts believe bullion prices could remain volatile in the near term as investors closely monitor global cues and movements in the US dollar. Any fresh signals from major central banks or changes in inflation expectations may influence the direction of gold and silver prices.

For buyers, experts recommend checking BIS hallmark certification, comparing prices across retailers and factoring in making charges before purchasing jewellery.

Also Read: Truecaller CEO slams TRAI rules

Categories
Leaders

Truecaller CEO slams TRAI rules

Truecaller has blamed recent telecom regulations introduced by the Telecom Regulatory Authority of India (TRAI) for the sharp rise in spam calls, arguing that the new framework has unintentionally made it more difficult to identify and block unwanted callers.

Speaking on the issue, Truecaller CEO Rishit Jhunjhunwala said the regulator’s whitelisting rules have allowed more business calls to bypass existing spam filters. According to him, many callers now appear as verified entities even when users consider their calls intrusive or unsolicited, reducing the effectiveness of caller identification systems.

The company said the situation could become even worse if additional regulatory proposals bring caller identification apps under tighter oversight. Truecaller argued that its platform has played a crucial role in helping millions of users identify spam, fraud and scam calls, and warned that restricting such services could weaken consumer protection.

TRAI’s recent anti-spam measures were introduced to curb fraudulent communication by requiring businesses to register approved numbers before making promotional or transactional calls. While the regulator says the system is designed to improve trust and reduce spoofing, Truecaller believes it has created unintended consequences by making some unwanted calls appear more legitimate.

Jhunjhunwala said the increase in spam calls is not the result of caller identification apps but rather changes in the way business communications are now routed through approved channels. He stressed that the industry and regulators should work together to improve the system instead of limiting platforms that help users identify suspicious calls.

Also Read: FDA shuts K Rustom ice cream in Mumbai

Categories
Uncategorized

FDA shuts K Rustom ice cream in Mumbai

Mumbai’s iconic K Rustom Ice Cream, a favourite among generations of residents and tourists for over seven decades, has been ordered to shut temporarily after the Maharashtra Food and Drug Administration (FDA) found serious hygiene violations during an inspection.

The FDA suspended the licence of the popular Churchgate ice cream parlour after officials discovered rats, flies and poor sanitary conditions inside the premises. The inspection was carried out as part of an ongoing drive to check food safety standards at restaurants and eateries across Mumbai.

According to the FDA, inspectors found evidence of rodent activity, flies in food preparation areas and several lapses in cleanliness. Officials said these conditions posed a potential health risk to customers and violated food safety regulations.

Following the inspection, the authorities immediately suspended the outlet’s licence and directed the management to stop operations until all deficiencies are addressed. The parlour will be allowed to reopen only after it complies with hygiene standards and receives fresh approval from the FDA.

K Rustom Ice Cream has been one of Mumbai’s best-known dessert destinations since the early 1950s. Located near Churchgate railway station, the parlour is especially famous for its handmade ice cream sandwiches, attracting students, office-goers, tourists and families alike. News of its temporary closure has disappointed many loyal customers, with several expressing surprise on social media.

FDA officials said food businesses have a responsibility to maintain proper hygiene and ensure safe conditions for customers. They added that inspections across the city will continue and strict action will be taken against establishments that fail to meet prescribed standards.

The action against K Rustom comes amid increased monitoring of food outlets following recent complaints about hygiene and food safety. Authorities have urged restaurant owners to follow sanitation rules, maintain clean kitchens and adopt proper pest-control measures to protect public health.

Also Read: Sensex surpasses 230 points, Nifty reclaims 23,950

Categories
Corporate

Apple, Broadcom sign $30 bn US chipmaking deal

Apple has announced a $30 billion agreement with Broadcom to manufacture advanced chips in the United States, marking one of its biggest investments yet in domestic semiconductor production. The multi-year deal is aimed at expanding Apple’s US supply chain while reducing dependence on overseas manufacturing.

Under the partnership, Broadcom will produce a range of high-performance chips at its American facilities. These components are expected to power future Apple devices, including iPhones, Macs, iPads and other products. The agreement supports Apple’s broader strategy of securing a stable supply of critical semiconductors while investing in advanced manufacturing within the country.

The announcement comes as global technology companies continue to diversify supply chains following recent disruptions caused by geopolitical tensions and chip shortages. By sourcing more components from the US, Apple hopes to improve supply reliability and strengthen long-term manufacturing resilience.

The investment also aligns with the US government’s push to boost domestic semiconductor production. Washington has encouraged companies to expand local manufacturing through incentives aimed at reducing reliance on foreign chip suppliers and strengthening national technological capabilities.

Apple said the partnership with Broadcom will support innovation, create high-skilled jobs and help develop next-generation semiconductor technologies. The company has increasingly focused on designing its own chips, and the latest agreement is expected to further strengthen its hardware ecosystem.

Broadcom, one of Apple’s key suppliers, is expected to play a central role in manufacturing specialised components that support wireless connectivity and other advanced technologies used across Apple’s product lineup. The company said the investment would expand its manufacturing capabilities and reinforce its long-standing relationship with Apple.

Also Read: US dollar holds firm after Fed minutes

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1 Minute-Read

Hrithik Roshan to sell Cult.fit shares before IPO

Actor Hrithik Roshan will partially exit his investment in Cult.fit by selling around 6.33 lakh shares through the company’s upcoming initial public offering (IPO).

The fitness and wellness platform has filed draft papers to raise ₹950 crore through a fresh issue, along with an offer for sale by existing shareholders. Hrithik, an early investor and the brand’s ambassador, will retain a stake even after the sale.

The IPO marks a major milestone for Cult.fit as it looks to expand its business and strengthen its presence in India’s growing fitness and wellness market.

Categories
Beyond

IMF cuts India’s FY27 growth forecast to 6.4%

The International Monetary Fund (IMF) has lowered India’s economic growth forecast for the financial year 2026-27 (FY27) to 6.4%, down from its earlier estimate of 6.6%. The revision reflects concerns over rising global energy prices, increasing geopolitical tensions and a weaker external environment that could affect economic activity.

Despite the downgrade, the IMF said India will remain the fastest-growing major economy in the world. It noted that the country’s strong domestic demand, steady investment and resilient services sector continue to support growth, even as global conditions become more challenging.

The IMF said higher crude oil and energy prices are expected to increase inflationary pressures and raise import costs for India, which depends heavily on imported oil. These factors could affect household spending, business costs and overall economic momentum in the coming months.

The global lender also pointed to uncertainty caused by ongoing geopolitical conflicts and disruptions in international trade. It warned that prolonged tensions could hurt exports, increase market volatility and slow global growth, indirectly affecting India’s economy.

However, the IMF believes India’s economic fundamentals remain strong. Government spending on infrastructure, improving manufacturing activity and healthy private consumption are expected to continue supporting growth. The report also highlighted the country’s expanding digital economy and rising investment as key strengths.

The IMF retained its growth forecast of 6.2% for FY28, indicating that the Indian economy is expected to remain on a stable growth path over the medium term. It also said inflation is likely to ease gradually if commodity prices stabilise and supply conditions improve.

Economists believe the revised forecast is more a reflection of global headwinds than weaknesses in the domestic economy. They say India is better placed than many other major economies to handle external shocks because of its large domestic market, strong financial system and ongoing policy reforms.

Also Read: SBI Funds IPO opens July 14

Categories
1 Minute-Read

Bombay HC denies interim relief against Cognizant logo

The Bombay High Court has refused to grant interim relief to Atyati Technologies in its trademark and copyright dispute with Cognizant over the use of a hexagonal logo.

The court declined to restrain Cognizant from using the logo at this stage, observing that the balance of convenience did not favour an interim injunction.

However, it clarified that the observations were only preliminary and would not affect the final outcome of the case. The matter will now proceed for further hearing on merits.

Categories
Technology

Anthropic brings Claude CoWork to mobile, web

Anthropic has expanded its AI assistant Claude by launching the Claude CoWork feature on both mobile devices and the web, making it easier for users to collaborate with the chatbot across platforms. The company has also extended higher usage limits for paid subscribers until August 5.

Claude CoWork is designed to make interactions with the AI more collaborative. Instead of responding to one-off prompts, the chatbot can help users brainstorm ideas, draft content, analyse documents and manage projects while maintaining the context of ongoing conversations. The feature allows users to switch between mobile and desktop without losing their workflow.

The temporary extension of higher usage limits gives paid users more access to Anthropic’s latest AI models. The company said the move is intended to support growing demand while allowing subscribers to experience its newest capabilities for a longer period.

The update comes as competition in the generative AI market intensifies, with companies racing to make AI assistants more useful for everyday work. Anthropic is positioning Claude as a digital collaborator that can support professionals, students and businesses across a range of tasks.

By bringing Claude CoWork to mobile and the web, Anthropic aims to offer a more seamless and flexible AI experience, helping users stay productive wherever they are.

Also Read: Cult.fit files IPO papers, targets ₹950 cr fresh issue

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1 Minute-Read

Walmart cuts prices on thousands of everyday items

Walmart has announced price cuts on thousands of products, including grocery items such as beef and Coca-Cola, as the retail giant aims to provide relief to customers facing higher living costs.

The company said it is reducing prices across several categories, focusing on everyday essentials and popular household products. The move comes as retailers continue responding to cautious consumer spending and ongoing inflation concerns.

Walmart’s latest strategy is aimed at keeping shoppers engaged by offering more affordable options while maintaining its position as a low-price leader. The company expects competitive pricing to remain a key factor in attracting customers.

Categories
Technology

Nothing unveils Phone 4b and RCB edition

Nothing has introduced the Phone 4b in India, bringing its signature transparent design and AI-powered features to a more affordable price segment. The new smartphone is aimed at users looking for a balance of performance, battery life and software experience without spending flagship-level money.

Starting at ₹29,999, the Phone 4b is available in two storage variants. It is powered by Qualcomm’s Snapdragon 6 Gen 4 processor, paired with 8GB RAM and up to 256GB of internal storage. The phone runs Nothing OS based on Android 16, with the company promising three years of Android updates and six years of security patches.

One of the biggest highlights for Indian buyers is the 6,000mAh battery, which is larger than the version available in several international markets. The battery supports fast charging and is designed to comfortably last through a full day of heavy use.

The Phone 4b sports a 6.77-inch AMOLED display with a 120Hz refresh rate, offering smoother scrolling, gaming and video playback. Nothing has retained its transparent rear design while introducing a new mini Glyph Bar that lights up for calls, notifications and charging updates.

The company has also added its Essential AI features, allowing users to organise notes, reminders and daily tasks more efficiently. These tools are designed to simplify everyday smartphone use rather than add unnecessary complexity.

For photography, the Phone 4b comes with a 50MP primary rear camera featuring optical image stabilisation, supported by an ultra-wide sensor. On the front, the selfie camera is designed to deliver clear photos and video calls.

Nothing says the Phone 4b is built for users who want dependable everyday performance along with a distinctive design. The smartphone will go on sale in India from July 14 through Flipkart, the company’s website and select retail stores.

With competitive pricing, long software support and a larger battery for Indian customers, the Phone 4b strengthens Nothing’s position in the country’s fast-growing mid-range smartphone market.

Also Read: Apple brings back card payments In India