BigBreakingWire

🚨 Not everything can be posted on X… Join the BigBreakingWire Telegram channel, from Economies to Finance, Geopolitics to War, Trade War to Trade Deals, Currency to Cryptocurrency, Debt to Bond Yields. If you’re not here, you’re already late. Join now👇t.me/BigBreakingWire

ICICI Bank Block Deal of 2,652,420 shares at 1276 worth 338.50 crore rupees Groww Block Deal of 1,802,056 shares at 187.68 worth 33.82 crore rupees JP Power Block Deal of 14,393,921 shares at 22.51 worth 32.40 crore rupees

Granules India Block Deal of 1,559,012 shares at 760 worth 118.48 crore rupees HDFC Bank Block Deal of 633,335 shares at 771.40 worth 48.85 crore rupees Join the Telegram channel or download our mobile app for live updates. More deals 👇 bigbreakingwire.in/timeline_post/

🇪🇺🇺🇸⚡EU governments approved removing tariffs on selected U.S. goods to ease trade tensions. The move follows Trump's warning of much higher tariffs on EU cars and products if commitments aren't met by July 4. Read 👇🏻 wp.me/PfgCxS-8FD

🇪🇺 ECB warns investors may be underestimating Iran war and inflation risks, raising chances of a sharp market repricing. It says hedge funds could amplify shocks and flags rising private credit risks and fiscal concerns. Read 👇🏻 wp.me/PfgCxS-8FD

Axis Bank Block Deal of 1,712,025 shares at 1298.80 worth 222.35 crore rupees Axis Bank Block Deal of 372,175 shares at 1307 worth 48.70 crore rupees Eris Life Block Deal of 200,000 shares at 1366 worth 27.32 crore rupees

🇮🇳 India records all time high $94.5B FDI inflows in FY26. Gross FDI inflows jumped 16.7% to a record $94.5 billion in FY26, marking the fastest growth in six years despite global uncertainty. FPI investors pulled out over Rs 2.72 lakh crore in 2026 amid geopolitical tensions, a weaker rupee and high oil prices. Total foreign investment flows still showed a $9 billion net outflow.

🇮🇳⚡India could save Rs 28,540 crore ($3 billion) annually by enforcing all pending DGTR anti-dumping duty recommendations. Report says rejection rates for DGTR proposals have risen sharply since 2020 as Chinese imports surged across industrial sectors. Inflation impact seen as minimal as most affected products have negligible CPI weight.

🇮🇳⚡ IndiGo and Air India cut domestic flights as jet fuel costs surge IndiGo will reduce 5% to 7% of domestic services, while Air India plans cuts of up to 15% between June and August, according to a report by The New Indian Express. The report said the airlines, which account for over 90% of India's domestic market, are responding to soaring ATF prices and weaker post school holiday travel demand. Air India told the publication jet fuel costs have risen from about Rs 80,000 to over Rs 1 lakh per kilolitre, with fuel making up nearly 40% of operating expenses.

Pine Labs Block Deal of 44,198,998 shares at 135.65 worth 599.55 crore rupees Pine Labs Block Deal of 1,856,100 shares at 135.61 worth 25.18 crore rupees

🇰🇷⚡South Korea’s KOSPI has nearly doubled in six months, surging from around 4,000 to above 8,300 as Samsung Electronics and SK Hynix rallied on strong AI driven memory chip demand. The index rose as much as 5.1% intraday on Wednesday to a record high, with investors betting on sustained long term growth in memory chip demand.

🇮🇳⚡Fuel price hikes may push India’s inflation back toward 5% by June. Petrol has crossed Rs 102/litre in Delhi after four price increases since May 15, driven by the West Asia conflict and higher crude oil costs. EY India’s D.K. Srivastava estimates June CPI inflation could rise to 4.5%-5% from 3.48% in April, while ICRA has raised its FY27 inflation forecast to 5%. Markets expect the RBI to keep the repo rate at 5.25% at its June 3-5 policy meeting, though Standard Chartered sees rate hikes ahead.

🇮🇳⚡India tests financial and government systems for ANTHROPIC MYTHOS vulnerabilities. Infosys and TCS conduct secure tests using ANTHROPIC Claude OPUS 4.7. CERT-In tests Aadhaar and government login systems. RBI repeatedly warns banks of MYTHOS risks.

🚨 Top bank CEOs warn AI could reshape jobs across global finance UBS Asia Pacific chief Iqbal Khan said AI will free capacity and boost productivity but could have a profound impact on costs and jobs if banks fail to turn that extra capacity into client growth. Wen Tuosi warned the industry's focus on technology may lead to layoffs after earlier remarks about reducing “low value human capital.” Meanwhile, John Waldron said large parts of legacy banking operations are ripe for automation as AI adoption accelerates.

🇨🇳⚡China's April solar installations plunged 79% to 9.52 GW from 45 GW last year, per Bloomberg and National Energy Administration data. March exports hit a record 68 GW, equivalent to Spain's total capacity, driven by African and Southeast Asian demand amid the energy crisis, per Ember. With 1,200 GW annual manufacturing capacity, Chinese producers rely on overseas markets to absorb overcapacity.

🇮🇳⚡Kotak warns India may see continued FPI outflows as market appeal weakens. Kotak Institutional Equities said India’s attractiveness versus other emerging markets has weakened due to slower earnings growth, limited exposure to AI and semiconductor themes, and sensitivity to high crude oil prices. FPI outflows in the first four months of 2026 have already exceeded total outflows seen in all of 2025, according to NSDL data.

🇮🇳⚡Société Générale warns India faces policy dilemma as energy shock worsens India remains highly exposed to the West Asia crisis, with about 85% of its crude oil needs met through imports. Société Générale says prolonged energy disruptions could increase pressure on growth, inflation, and the rupee.

🚨 Not everything can be posted on X… Join the BigBreakingWire Telegram channel, from Economies to Finance, Geopolitics to War, Trade War to Trade Deals, Currency to Cryptocurrency, Debt to Bond Yields. If you’re not here, you’re already late. Join now👇t.me/BigBreakingWire

Update: CENTCOM said the U.S. has not restarted “Freedom Plan.” WSJ corrected its earlier report that a U.S. Navy escort of a Greek tanker carrying 2 million barrels off Oman signaled the plan's return.

U.S. Navy has resumed escorting ships through the Strait of Hormuz under “Project Freedom.” A Greek tanker carrying 2 million barrels of crude is heading to India, with more vessels set to follow. Read 👇🏻 wp.me/PfgCxS-8FD

FIIs sold Rs 2,408cr, DIIs bought Rs 1,361cr Proprietary bought Rs 386cr, Mutual Funds bought Rs 630cr Clients sold Rs 371cr, FPIs sold Rs 751cr, Retail sold Rs 320cr Big deals in Mankind, Muthoot, Reliance, ICICI Bank, SBI, TVS, Pine Labs & more 👇🏻 bigbreakingwire.in/fiis_diis_data…

🇺🇸🇮🇷⚡U.S. hit missile sites and boats in southern Iran. Iran says America violated the ceasefire, shot down a U.S. drone, and chased off an F-35. So who fired first? Watch 👇 youtube.com/shorts/9bNd-2y…