Financial Summary: Tuesday, August 5, 2025

The Reserve Bank of India is expected to maintain the policy rate at 5.5% amid economic slowdown and low inflation.

Non-banking financial companies are urging the RBI to lower risk weights on loans against property to match home loan standards.

Rajiv Anand has been appointed as the new MD & CEO of IndusInd Bank, effective August 25.

The RBI plans to introduce revised liquidity management frameworks and finalize co-lending norms post the upcoming monetary policy meeting.

Meta is increasing its recruitment efforts for AI talent to enhance its artificial intelligence capabilities.

Palantir Technologies reported better-than-expected earnings, leading to a significant rise in its stock price.

Dr. Vinay Nair highlights the transformative impact of AI on wealth management through innovative fintech solutions.

Amazon has laid off over 100 employees in its Wondery unit as part of a restructuring of its audio business.

Executives at United Airlines, Charles Schwab, and NXP Semiconductors have made significant stock sales, raising concerns among investors.

Tesla's board has awarded $30 billion in shares to Elon Musk to incentivize his leadership amid commitment concerns.

Siemens Energy shares surged 5% to a 52-week high following an 80% YoY profit increase and a major expansion announcement.

Alcon announced a $1.5 billion deal to acquire STAAR Surgical, expanding its portfolio in the eye care market.

Ball Corp raised its annual profit forecast due to strong global demand for aluminum cans.

Bharti Airtel's Q1 profit surged 40% YoY to Rs 5,947.9 crore, driven by increased data usage and a higher average revenue per user.

Exide Industries posted a 24% increase in Q1 net profit, reflecting strong demand in the battery sector.

Zalando raises its full-year guidance following a rise in profits, signaling strong performance in the retail sector.

Lucid Motors has revised its full-year production forecast down to 18,000-20,000 vehicles, missing second-quarter estimates.

AMD reported weaker-than-expected earnings despite revenue exceeding estimates, facing challenges from chip export controls.

Snap's shares fell 15% after the company reported second-quarter revenue that missed expectations for global average revenue per user.

Palantir's stock rose over 8% following a strong quarterly report driven by demand for AI and efficiency solutions.

Super Micro's shares dropped 15% due to weak results and disappointing guidance, despite benefiting from AI growth.

U.S. stock markets saw their largest daily gains since May, driven by strong tech earnings and expectations of interest rate cuts.

Asian stocks rose following the U.S. market rally, fueled by optimism over potential interest rate cuts.

Laxmi India Finance and Aditya Infotech IPOs debuted strongly, showing oversubscription and positive grey market premiums.

Morgan Stanley predicts the Sensex will reach 89,000 by June 2026, citing high growth and declining interest rates.

Tata Investment Corporation shares surged over 9% after announcing its first-ever 1:10 stock split, enhancing liquidity.

India's benchmark indices fell sharply due to foreign portfolio outflows and renewed tariff threats from the U.S. regarding Russian oil imports.

The BSE SME exchange achieved a milestone of over 600 listings, raising Rs 10,652 crore, reflecting a significant increase in SME IPO sizes.

Analysts predict a consolidation phase for Indian markets, with Nifty expected to trade between 24,400 and 24,850 in the short term following a decline.

ON Semiconductor shares plummeted 15% as market sentiment turned cautious, impacting its outlook significantly.

Credit card debt in the U.S. has reached $1.21 trillion, matching last year's record high, according to the NY Fed.

The White House plans to sign an executive order to prevent banks from discriminating against conservative businesses in the cryptocurrency sector.

Germany's finance minister criticized Donald Trump's financial policies ahead of a key meeting with the U.S. Treasury secretary.

India condemned the EU and U.S. for maintaining trade relations with Russia amid threats of increased tariffs from Trump.

The U.S. is launching a pilot program requiring some travelers to post bonds of up to $15,000 for entry.

China's services sector experienced its fastest growth in 14 months, fueled by rising demand and easing trade tensions.

The EU has paused retaliatory tariffs while seeking to finalize a trade deal with the U.S. concerning cars, steel, and aluminum.

President Trump is preparing to impose new sanctions on Russia's shadow fleet to pressure President Putin regarding the war in Ukraine.

Trump announced plans to increase tariffs on pharmaceuticals, potentially reaching up to 250% over the next year and a half.

Canada's trade deficit increased slightly in June, reflecting ongoing economic challenges.

Trump's dismissal of the Bureau of Labor Statistics commissioner raises concerns about the integrity of national economic data.

The White House has terminated most members of the Puerto Rico Oversight Board, ending a prolonged standoff with utility bondholders.