Hello and Welcome to CNBC-TV18's Morning Newsletter. Today, we take a look at the slew of cuts to LPG and jet fuel prices, June's auto sales numbers, the US Supreme Court strikes down Trump's attack on birthright citizenship, Anthropic puts back Claude Fable 5 and Mythos 5 after the US decision and more. DAY AHEAD IN DATA WATCH The United Kingdom Nationwide Housing Prices Data Istanbul Chamber of Industry Manufacturing PMI (Turkey) India HSBC Manufacturing PMI Final JUNE S&P Global Manufacturing PMI for Italy, Germany, Mexico, and the United Kingdom Euro Area Core Inflation Data Russia Unemployment, Real Wage Growth and Business Confidence June Auto Sales Updates: M&M, Escorts, Tata Motors and other report numbers Companies have begun reporting sales figures for the month of June, and we at CNBC-TV18 will bring you all the updates right here. Here's a look at the numbers reported so far: KPIT Tech says Q2 revenue will be same as Q1; Stock falls 15% after warning, JPM downgrade Shares of KPIT Technologies Ltd., having already declined 10% over the last two sessions, are down another 15% on Wednesday, July 1, after the company warned of its June quarter results to be weak. Commercial LPG cylinder prices cut by ₹183.50; domestic rates unchanged In a major relief for businesses and commercial establishments, the government has reduced the price of the 19-kg commercial LPG cylinder by ₹183.50 from the first day of the month. Following the latest revision, the price of the commercial cylinder in Delhi has come down to ₹2,930 from the earlier ₹3,113.50. India Ratings downgrades Jana Holdings’ NCDs to ‘IND D’ on debt maturity extension India Ratings and Research (Ind-Ra) has downgraded Jana Holdings’ non-convertible debentures (NCDs) to ‘IND D’ from ‘IND BB’/Stable after the company and its parent, Jana Capital, extended the maturity of their debt obligations originally due on June 30. Donald Trump made at least $1.4 billion via Crypto in 2025, filings show Crypto earnings were by far the largest source of income for the President, whose net worth is now at $7.6 billion, as per the Bloomberg Billionaires Index. Besides Crypto, Trump's Mar-A-Lago resort made $77 million in income, and the Northern Virginia Golf Club made $25 million. South Korea’s exports remain resilient as AI boom fuels chips demand South Korea's Exports adjusted for working-day differences climbed 59.5% in June from a year earlier, the customs office said Wednesday. Imports increased 30.1%, resulting in a trade surplus of $36.1 billion. On an unadjusted basis, shipments increased 70.9%, compared with a revised 53.4% advance for the full month of May. Govt raises petrol export tax, cuts diesel and jet fuel export duties The Centre has revised the Special Additional Excise Duty (SAED) on fuel exports for the next fortnight beginning July 1, raising the levy on petrol exports while reducing the duties on diesel and aviation turbine fuel (ATF). US Supreme Court blocks Trump's birthright citizenship order, allows transgender sports bans In a series of landmark rulings, the US Supreme Court struck down President Donald Trump's order to restrict birthright citizenship, while allowing states to ban transgender students from competing in women's and girls' sports teams. Anthropic to restore Claude Fable 5, Mythos 5 after US lifts export controls Anthropic said that it will begin restoring access to its advanced AI models, Claude Fable 5 and Mythos 5, after the US Department of Commerce lifted export controls. This means users can soon begin using the models that the US government previously restricted on June 12 over national security concerns. Prestige Estates launches phase 2 of Mumbai project with ₹2,200 crore GDV Realty firm Prestige Estates Projects Ltd on Tuesday (June 30) launched Phase 2 of Prestige Forest Hills at The Prestige City, Mulund, Mumbai, with an estimated gross development value (GDV) of ₹2,200 crore. Govt denies calling E20 ethanol blending programme an ‘experiment’ in Supreme Court The Centre on Tuesday dismissed media reports claiming it had described its 20% Ethanol Blended Petrol (E20) programme as an "ongoing experiment" before the Supreme Court, saying the reports were "completely false" and did not reflect the submissions made during the hearing.
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