PB Fintech cofounder and Group CEO Yashish Dahiya said proposed commission caps could cut the company’s general insurance revenue by between one-third and 40% if implemented. The Policybazaar parent said it would tighten spending and slow hiring, after adding about 6,000 employees in the first half of the year. Dahiya said the company might have hired closer to 2,000 if the proposed rules had been known earlier. PB Fintech said it expects no impact in FY27, but FY28 could be an adjustment period if the new framework takes effect then.

Zinc futures on the Multi Commodity Exchange (MCX) fell by Rs 3.85 per kg to Rs 360.35 per kg on July 1, a decline of 1.06%. The July contract recorded turnover of 1,080 lots. Analysts said weaker physical demand from consuming industries prompted market participants to cut long positions, weighing on prices.

On July 1, silver September futures on India’s Multi Commodity Exchange (MCX) fell Rs 5,380 per kg to Rs 2,23,183 per kg, down 2.35%, with turnover of 2,219 lots. Analysts said the drop was driven mainly by participants cutting positions. In contrast, spot silver in New York rose 2.18% to USD 57.32 per ounce, highlighting a divergence between domestic and overseas markets.

On July 1, gold prices slid below $4000 per ounce, hitting their lowest level in nearly eight months after strong U.S. JOLTS job-openings data, a firmer dollar and higher Treasury yields. In India, 24K gold was priced at Rs 1,40,780 per 10 grams, while MCX gold futures fell 1.10%. Silver also weakened, with MCX silver futures down 2.06%. Oil prices eased into the $70-per-barrel range, with WTI at $69 and Brent at $73 per barrel as geopolitical tensions cooled.

Innoterra Ltd, the Indian subsidiary of Swiss agritech company Innoterra AG, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering. The IPO includes a fresh issue of shares worth up to Rs 105 crore and an offer for sale of 70,55,315 shares by existing shareholders. The company said it plans to use proceeds to add milk collection centres, upgrade cooling equipment, fund working capital and pursue potential inorganic acquisitions. It operates a B2B milk procurement platform and also supplies cattle nutrition products, fresh fruits and staples across India’s agrifood supply chain.

Donald Trump called on gasoline retailers to immediately lower pump prices toward about $2.50 a gallon, saying prices were too high even as crude traded at $68 a barrel. He warned of “big problems” and accused the industry of illegal price gouging. The remarks come after U.S. and Israeli strikes on Iran and Iran’s retaliation raised fears of disruptions through the Strait of Hormuz, lifting oil prices, though an extended ceasefire and easing diplomacy have recently helped U.S. gasoline prices pull back.

U.S. chipmaker Micron Technology reported fiscal third-quarter revenue of $41.46 billion, up fourfold from a year earlier, and adjusted EPS of $25.11, both well above expectations. The company said it has signed 16 long-term supply agreements that secure about $22 billion of revenue commitments over the next three to five years, while gross margin rose to 84.9%. Japanese and South Korean equities rallied on the news, with the Nikkei 225 up 3.78% in early trade and the Kospi gaining 5.22%, as investors bought AI- and chip-linked stocks.

Indian equities rose sharply on June 24, with the Sensex up 528 points and the Nifty approaching 23,950. Key drivers included Brent crude falling 1.02% to $76.29 a barrel, foreign investors turning net buyers, and renewed optimism around an India-US trade agreement. Regional Asian markets strengthened and gains were led by IT and banking stocks.

SpaceX shares have fallen for three straight sessions, down 23% in total, including a 16% drop to $154.60 that erased more than $600 billion in market value. The decline followed the company’s announcement of its first investment-grade bond sale of at least $20 billion to fund AI-related spending, along with a multibillion-dollar computing deal with Reflection AI. While the stock remains above its $135 IPO price, KeyBanc initiated coverage with a neutral stance, saying much of the company’s long-term value is already reflected in the valuation.