Financial Summary: Friday, August 1, 2025

Bank lending in India has slowed significantly, with notable declines in credit growth across various sectors.

The US has imposed a 25% tariff on Indian goods, affecting key sectors like textiles and pharmaceuticals.

The Indian government has appointed firms to manage minority stake sales in LIC and other public sector institutions.

India may face penalties from the U.S. over Russian oil, as investigations into Anil Ambani are underway.

Sebi chief highlights the need for early detection of financial anomalies by chartered accountants.

Tim Cook announced Apple's focus on enhancing device capabilities through strategic AI acquisitions.

Figma's IPO was successful, achieving a valuation of over $19 billion with a significant stock increase.

Users are forming emotional connections with AI chatbots, highlighting AI's increasing presence in everyday life.

Microsoft revealed its competitive strategy in the cloud market, positioning itself against Amazon and Google.

Big Tech's investments in AI are expected to reach $364 billion by 2025, signaling a market recovery.

Apple's stock has improved, but the company continues to face challenges in regaining investor confidence.

The rise of 'free trial hacking' is becoming a popular trend as people look for ways to bypass subscription fees.

A bipartisan Senate committee has moved forward with a bill aimed at increasing the availability of affordable housing.

FICO's CEO defends credit score pricing amid criticism from the FHFA, asserting it does not hinder home ownership.

MPLX announces a $2.38 billion acquisition of Northwind Midstream to bolster its energy operations.

Starbucks CEO reveals a recovery plan aimed at improving service initiatives following recent earnings challenges.

Hindustan Unilever's stock rises 3.5% after reporting strong Q1 results with positive sales growth.

Swiggy's shares fell 4% after reporting a widened Q1 loss despite significant revenue growth.

PNB Housing Finance shares plummet 16% following the resignation of its MD & CEO.

Eicher Motors shares jump 3% after reporting a 9% year-on-year rise in Q1 net profit.

Chalet Hotels shares surged 8% after a 236% increase in Q1 net profit driven by strong hotel operations.

Netweb Technologies' profit more than doubled in Q1, leading to a 13% rise in shares amid AI demand.

ITC reported a 3% YoY increase in Q1 consolidated net profit, with revenue rising 19%.

Moderna adjusts its 2025 revenue outlook downward due to delays in vaccine shipments in the U.K.

Chevron's profit was impacted by low crude oil prices and losses from its acquisition of Hess.

Exxon Mobil reported its highest second-quarter production in over 25 years, beating earnings estimates.

Southwest Airlines introduces assigned seating for the first time, ending decades of open seating.

Family offices are enhancing executive pay structures to retain top talent amid competitive hiring.

Amazon shares dropped 7% as investors reacted to disappointing growth in its cloud computing segment.

UPL Limited reported a narrowed Q1 loss of Rs 176 crore, improving due to reduced net debt.

Indus Towers' stock fell over 4% after announcing a cash conservation strategy, disappointing investors.

General Motors reported strong Q2 earnings, prompting Citi to raise its price target for the company.

Ford Motor Company received an upgrade from JPMorgan, with the price target raised following positive sentiment.

ITC Ltd reported a slight decline in net profit for Q1, but revenue surged by 19.7% driven by strong performance in cigarettes and agri-business.

The Swiss watch industry is preparing for potential impacts from new tariffs imposed by the Trump administration, threatening a $5 billion market.

Palantir secured a $10 billion contract with the Army, benefiting from increased demand for AI-driven solutions.

eBay shares jumped 18% following a strong Q2 earnings report and positive outlook, ending a four-day losing streak.

A Florida jury ruled that Tesla must pay a portion of $329 million in damages for a fatal crash involving its Autopilot technology.

Joby Aviation and L3Harris have partnered to develop a hybrid defense craft that can be piloted or operate autonomously.

Major companies including Disney and Google are hosting business events in Martha's Vineyard, attracting Black entrepreneurs this August.

Figma's recent IPO raised questions as investors believe it could have been priced higher to maximize demand.

U.S. markets experienced a sharp decline, with the Dow falling 770 points due to weak payroll data and disappointing earnings.

Indian stock markets dropped significantly, with the Sensex down 586 points amid concerns over new U.S. tariffs and foreign investor selloffs.

Coinbase shares fell 11% following a report of lower quarterly profits linked to decreased trading activity.

European shares hit a three-week low as investors reacted to new U.S. tariffs affecting multiple countries.

Copper prices faced their worst day ever, raising concerns about further declines in the commodity market.

The SEC has launched 'Project Crypto' to update cryptocurrency trading regulations in the U.S.

U.S. stocks and bond yields fell sharply following a weak jobs report, leading to speculation about a potential Federal Reserve interest-rate cut.

The resignation of Federal Reserve Governor Kugler opens the door for a new nomination, impacting future interest rate decisions.

President Trump has imposed a 40% tariff on transshipped goods, escalating global trade tensions ahead of the August 1 deadline.

Geopolitical tensions and BRICS relations are complicating trade negotiations between India and the U.S. amid new tariffs.

In response to criticism from Dmitry Medvedev regarding the Ukraine war, Trump announced the repositioning of U.S. nuclear submarines.

Victims of Jeffrey Epstein have criticized President Trump for the lack of transparency regarding Ghislaine Maxwell's prison transfer.

President Trump announced the firing of the Bureau of Labor Statistics commissioner following disappointing job figures that impacted the markets.