Financial Summary: Thursday, August 7, 2025

RBI Governor Sanjay Malhotra reports a shift in India's financial savings from bank deposits to equities due to declining deposit rates.

The RBI holds the repo rate at 5.5% and lowers the FY26 inflation forecast to 3.1%, maintaining growth projections at 6.5%.

Nippon India Mutual Fund opens a branch in Leh to enhance financial literacy and inclusion in the region.

India's mutual fund assets under management surpass Rs 74 trillion, with Jammu and Kashmir having the lowest per capita AUM in the north.

SEBI Chairman Tuhin Kanta Pandey emphasizes the growth potential of India's PMS industry, focusing on governance and investor protection.

India's economy faces challenges as new tariffs threaten $87 billion in exports to the US, potentially impacting GDP growth significantly.

Knowledge Realty Trust REIT becomes India's largest and most subscribed REIT IPO, reflecting strong confidence in the commercial real estate sector.

Merchant BESS in India achieves profitability, marking a significant milestone in the energy storage sector.

OpenAI has launched its new AI model, GPT-5, which is now available to all ChatGPT users and is touted as a significant upgrade.

IonQ's disappointing earnings report has led to a stock downgrade amid concerns over potential acquisitions.

Doximity has acquired Pathway Medical for $63 million to enhance its AI-powered clinical reference tools for healthcare professionals.

Firefly Aerospace's shares are priced at $45 ahead of its public offering, exceeding expectations.

Nestle India announces a record date for its first-ever 1:1 bonus share issue, allowing investors to double their shares.

Airbnb forecasts Q3 revenue above estimates and announces a $6 billion share buyback, driven by increased domestic travel.

Bharti Airtel plans IPOs and digital expansion following strong Q1 results, aiming for growth in its financial services.

Lupin's shares surged 5% after a strong Q1 performance, with a 52% YoY profit increase driven by robust sales.

Apple plans to invest an additional $100 billion in the U.S. as a strategic response to potential tariffs.

Eli Lilly raised its 2025 outlook after strong sales of its weight loss and diabetes drugs.

Peloton reported a surprise profit in its fiscal fourth quarter but announced layoffs affecting 6% of its workforce.

Toyota cut its annual profit forecast by over $4 billion due to the impact of U.S. tariffs.

Amazon's cloud business is offering federal agencies discounts up to $1 billion, enhancing its competitive edge.

Omada Health reported strong revenue in its first earnings report since going public, focusing on virtual care for chronic conditions.

Block's shares surged 11% after the company raised its full-year guidance despite reporting weaker-than-expected second-quarter earnings.

Instacart exceeded earnings expectations and provided an optimistic outlook for the future, boosting investor confidence.

Pinterest's stock fell 10% after the company missed earnings per share expectations despite beating sales estimates.

Flutter Entertainment reported second-quarter earnings that surpassed expectations and raised its full-year guidance.

Duolingo's stock soared 14% after the company raised its guidance, attributing growth to advancements in AI.

AppLovin's stock rose following a better-than-expected earnings report, with the CEO highlighting benefits from the Apple-Epic lawsuit.

A decline in the number of billionaires joining the Giving Pledge raises concerns about future philanthropic efforts despite an increase in billionaire wealth.

President Trump announced a 50% tariff on imports from India, raising concerns about economic impacts.

BSE Limited reported a 103% year-on-year increase in consolidated net profit for Q1, showcasing strong financial performance.