Financial Summary: Thursday, July 10, 2025

A California bishop has exempted parishioners from attending Mass due to concerns over potential ICE raids, highlighting ongoing immigration issues.

The rise in e-bike and scooter usage has exposed regulatory gaps, prompting calls for transportation safety policy reforms.

Oil India and GAIL have signed a 15-year gas supply agreement to boost domestic gas production and distribution.

Asian Paints has divested its entire stake in Akzo Nobel India for ₹734 crore, signaling a major shift in the Indian paints market.

Gabriel India's stock surged 41% following a strategic reorganization aimed at enhancing revenue growth by 2030.

HCL Technologies has secured a 10-year strategic deal with Dunedin City Council to upgrade its IT services.

Tata Consultancy Services (TCS) reported a 6% increase in Q1FY26 net profit to ₹12,760 crore and announced an interim dividend.

Ola Electric shares hit a record low as a significant block deal saw 1.29 million shares traded, with Hyundai Motor Company as the seller.

State Bank of India plans to raise up to ₹25,000 crore through a qualified institutional placement, potentially marking India's largest QIP.

Aggcon Equipments International has filed its DRHP for an IPO aiming to raise over Rs 330 crore for debt repayment and equipment purchases.

PC Jeweller's board approved a plan to raise Rs 500 crore in equity to prepay loans as part of its strategy to become debt-free.

Anand Rathi Wealth reported a 28% YoY rise in net profit for Q1, driven by strong mutual fund inflows and client growth.

Delta Airlines shares surged 13% after the company reinstated its 2025 profit outlook, citing stabilized bookings.

Kirloskar Ferrous Industries shares have surged 29% in three months, driven by optimism over capacity expansion and cost-cutting measures.

Zee Entertainment's attempt to raise ₹22.37 billion through a warrant issuance was blocked by shareholders due to concerns over share dilution.

Tourism Finance Corporation has approved a 1:5 stock split to improve share affordability, pending shareholder approval.

Wipro and Infosys ADRs fell significantly after TCS reported Q1 earnings, raising concerns about macroeconomic challenges in the IT sector.

Wells Fargo plans to exit a credit-card program that provided rewards for rent, citing significant financial losses.

MP Materials stock surged after securing a deal with the Pentagon, highlighting the growing importance of rare-earth minerals.

Brunello Cucinelli reported robust growth amidst challenges in the luxury sector, showcasing resilience in high-end retail.

New regulations in England will allow companies to negotiate cheaper office rents, aiming to support struggling high streets.

Levi Strauss raised its sales guidance for the year but may face rising costs due to ongoing tariff increases.

Nvidia's CEO Jensen Huang is on track to become richer than Warren Buffett as the company's market cap surpasses $4 trillion.

Delta Airlines is exploring new segmentation options for its premium cabin offerings, following trends in the airline industry.

Gecko Robotics has achieved a valuation of $1.3 billion, nearly doubling in value in less than two years under CEO Jake Loosararian.

President Trump threatens Brazil with a 50% tariff, accusing it of targeting former leader Jair Bolsonaro.

UK Prime Minister Keir Starmer and French President Emmanuel Macron launch a pilot scheme for migrant returns between the UK and France.

JPMorgan Chase CEO Jamie Dimon warns European leaders about declining competitiveness and complacency regarding tariffs.

The UN migration chief criticizes the UK-France migration deal for not addressing the root causes of the small boats crisis.

The Pentagon has entered a significant investment deal with a US critical minerals producer to reduce reliance on Chinese materials for weapons.

Former President Trump has lost an appeal regarding a $5 million verdict for defaming E. Jean Carroll, stemming from her sexual assault allegations.

Wall Street surged as Nvidia's valuation reached $4 trillion, driven by optimism for Federal Reserve rate cuts.

The BSE Sensex fell by 346 points, impacted by declines in IT and FMCG stocks ahead of TCS earnings.

Happy Square Outsourcing's IPO saw strong demand, indicating robust investor interest.

Bitcoin surged to a record high above $113,000 as investors moved towards risk assets.

U.S. stocks reached record highs amid expectations of favorable trade deals and lower interest rates.

Defence stocks retreated after a rally, with analysts suggesting profit booking amid valuation concerns.

High options trading costs in India have raised concerns among investors regarding affordability.

The Nifty Realty index in India advanced by 0.72%, reflecting positive sentiment in the real estate sector.

Indian markets faced a decline, erasing Rs 2.29 lakh crore in investor wealth ahead of TCS earnings.

Hong Kong's currency is under pressure amid speculation about a potential shift away from its peg to the U.S. dollar.

Wealthy Indians are increasingly investing in risk-managed real estate, focusing on structured credit and digital assets.

India successfully manages diplomatic tensions with the US regarding its role in BRICS.

State Bank of India announces plans for a major Qualified Institutional Placement (QIP) to enhance its capital.

Nvidia's market cap has reached a record high, highlighting its crucial role in the AI sector.

Elon Musk announced the expansion of Tesla's robotaxi service in Austin, featuring the AI chatbot Grok.

Microsoft Outlook experienced a major outage, disrupting email services for several hours.

Varda Space Industries raised $187 million to boost drug manufacturing capabilities in space.

Linda Yaccarino lost her verified checkmark on X after stepping down as CEO, with Musk thanking her for her service.