Financial Summary: Thursday, July 24, 2025

Nvidia resumes sales of its H20 chips to China after receiving regulatory approvals from the Trump administration.

Apple has launched a public preview of iOS 26, marking its most significant iPhone software redesign since 2013.

Musk's Starlink faced an outage shortly after T-Mobile launched its new satellite service, T-Satellite.

A debate on the future of AI in the economy revisits Oskar Lange's ideas, discussing potential utopian or dystopian outcomes.

Outward remittances from India fell to $2.3 billion in May, marking a 4.4% decline year-on-year despite rising travel expenses.

Net foreign direct investment in India dropped 98% to $35 million in May, primarily due to increased repatriation.

The residential property market in India shows signs of recovery with a 1% year-on-year sales volume increase in June 2025.

The Enforcement Directorate raided firms linked to Anil Ambani as part of an ongoing investigation.

India is projected to become the world's third-largest economy by 2028, according to recent economic forecasts.

South Korea's GDP grew by 0.6% in Q2, avoiding a technical recession and surpassing expectations.

UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi are set to sign a major trade deal to reduce tariffs on British exports to India.

Turkey's central bank has cut interest rates by three points, marking its first easing of monetary policy since April.

U.S. Commerce Secretary Lutnick warns that TikTok may face a ban if China does not agree to U.S. control amid extended divestiture deadline.

Ukrainian President Zelenskyy indicated a retreat from his controversial power grab following mass protests and advice from UK Prime Minister Starmer.

SK Hynix reported record profits and revenue in Q2, achieving a 35% year-on-year increase.

Alphabet plans to increase its capital spending to $85 billion, driven by demand in cloud computing and AI.

Dixon Technologies reported a doubled net profit for Q1, leading analysts to raise their target prices.

Infosys announced strong revenue growth for the June 2025 quarter and raised its FY26 revenue guidance.

Force Motors shares surged 20% to a record high after reporting a 52.3% year-on-year increase in net profit for Q1.

Nestle India's shares fell 5% after a 13.4% drop in Q1 profit due to rising costs, despite a revenue increase.

Tata Motors shares rose 5% amid optimism over potential U.S. trade deals that could benefit automobile exports.

Paytm's strong Q1 results have led analysts to raise target prices, reflecting confidence in its profitability and growth potential.

Adani Energy Solutions turned profitable with a net profit of Rs 512 crore in Q1, reversing last year's loss.

Tesla shares dropped 6% amid concerns over declining auto sales and increased competition from low-cost EVs.

ACC Ltd reported a 4% YoY increase in Q1 profit to Rs 375 crore, driven by record sales volume, but missed earnings estimates due to rising tax expenses.

Anant Raj Limited's Q1 profit surged 38% YoY to ₹125.90 crore, with a focus on expanding its data center operations.

LVMH warns of a challenging turnaround as sales in its fashion and leather goods division fell 9%, signaling potential struggles in the luxury sector.

BYD plans to begin its first car assembly in Pakistan by mid-2026, marking a significant expansion in the region.

Children’s shoe retailer Amiga Shoes is entering liquidation, highlighting challenges in the retail sector.

Todd Boehly-backed Accelerant debuted with a valuation of $6.4 billion, reflecting a growing interest in insurance IPOs.

Tesla sold 75% of its bitcoin holdings during a market downturn, resulting in significant financial losses.

Intel reported better-than-expected revenue but announced a reduction in foundry investments, emphasizing a more cautious financial strategy.

Honeywell's stock dropped post-earnings, but analysts see it as a buying opportunity ahead of its planned breakup into three companies.

Liberty Global announced job cuts and plans to sell a private jet as part of its restructuring efforts.

Microsoft CEO Satya Nadella expressed that recent job cuts have been challenging, indicating a shift in the company's mission due to AI advancements.

Asian shares rose for the sixth consecutive day, with the S&P 500 and Nasdaq reaching record highs amid positive US trade negotiations.

The BSE Sensex fell over 650 points due to disappointing IT sector earnings, reflecting broader market concerns in India.

European shares hit a six-week high, driven by optimism over a potential EU-U.S. trade deal and strong corporate earnings.

The Indian Energy Exchange's shares dropped 26% due to regulatory concerns, marking its worst single-day loss since listing.

Tesla's stock experienced a sharp decline, prompting Elon Musk to suggest it may be a good time to buy.

Meme stock trading saw a resurgence with American Eagle and other brands gaining attention from retail investors.

As spring approaches, homeowners are encouraged to enhance their outdoor spaces, emphasizing the benefits of DIY lawn care.