Moneycontrol Daily: Your Essential 7

Reserve Bank of India (RBI) Governor Shaktikanta Das on July 3 held meetings with the MDs and CEOs of public sector banks and select private sector banks in Mumbai and urged them to step up their efforts against 'mule accounts'. He also asked them to intensify customer awareness and educational initiatives, among other measures, to curb digital frauds. Read more here

Today
UK general elections
US Independence Day
Jackfruit Day
Invisible Day
Indivisible Day
Alice in Wonderland Day
Ambey Laboratories SME IPO to open for subscription
CBIC to launch automated system of publishing currency exchange rates
Global IndiaAI Summit last day
Team India's meeting with PM Modi, victory parade in Mumbai
Koo app to shut down Tomorrow
No Moon Day
Pet Remembrance Day
Work Without Your Hands Day
National Workaholics Day
Ganesh Green Bharat SME IPO listing
GPT Infraprojects Board to consider fundraise
Delhi excise policy case: Delhi HC to hear Kejriwal's bail plea
Bajaj CNG bike 'Bruzer' launch
Pune's auto rickshaw drivers' strike
'Waris Punjab De' chief Amritpal Singh, Engineer Rashid to take oath as MPs

Bansal Wire Industries' initial public offer received a strong response, being fully subscribed on just the first day of bidding on July 3, led by retail investors. The company's Rs 745-crore public offer received bids for over 3.78 crore equity shares, which was 1.76 times the offer size of 2.14 crore equity shares, the subscription data on the exchanges showed. The company's public offer, opened for subscription today with a price band at Rs 243-256 per share, with bidding set to close on July 5. Read more here

With Chandrababu Naidu back as the chief minister of Andhra Pradesh, Amaravati has once again been declared the sole capital. Not surprisingly, land prices in the city almost doubled to Rs 6,000-7,000 per sq ft following the general and assembly elections, and with plans to develop the city back on the table. Experts point out that the recent shift in the state government's stance on Amaravati's development is a positive sign. With infrastructure projects getting back on track creates a stable environment for businesses to invest. Additionally, the government's focus on attracting key industries through incentives and establishing business districts can act as a major catalyst. However, a steady infrastructure and high-ticket investments are required to boost commercial and industrial real estate in and around the city, experts point out. Read here

Against the backdrop of the macroeconomic scenario, the Gems and Jewellery Export Promotion Council urged the government to take measures to revive exports in this sector. Know the demands of the gems and jewellery sector.

Finance Minister Nirmala Sitharaman announced a host of changes in the new tax regime as part of Budget 2023 announcements. Salaried individuals have the luxury of switching between old and new tax regimes every year. Read details here

Nothing’s subsidiary brand, CMF is all set to launch its first smartphone, CMF Phone 1 globally, and previously revealed that the phone will launch on July 8. Alongside Phone 1, the company is also set to launch the CMF Buds Pro 2 and CMF Watch Pro 2. Expected specifications, features.