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top 10 financial news today in india
Refreshing your market app every 20 minutes today? You’re not alone. India’s financial landscape is shifting faster than a Mumbai local train during rush hour. But which developments actually matter to your portfolio? That’s what we’re unpacking in today’s roundup of the top 10 financial news stories in India. From the Reserve Bank’s surprise policy…
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Legendary Satirist Tom Lehrer Dies at 97: The Mathematician Who Turned Dark Humor Into Song – Tom Lehrer’s Legendary Farewell: Dark-Humor Genius Dies at 97
Tom Lehrer, Iconic Musical Satirist and Mathematician, Passes Away at 97 Tom Lehrer, the sharp-witted musical satirist whose dark humor and cheerful piano melodies made him a cult figure in the 1950s and 60s, passed away on Saturday at his Cambridge, Massachusetts home. He was 97. Lehrer, a Harvard-educated mathematician, earned an unlikely but passionate…
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TCS Layoffs 2025: Over 12,000 Jobs Cut in Major Restructuring Citing Skill Mismatch, Not AI
TCS Layoffs 2025: Over 12,000 Employees Affected as Company Cites Skill Mismatch Over AI Mumbai, July 27, 2025 – India’s largest IT giant Tata Consultancy Services (TCS) has confirmed that it will lay off over 12,000 employees globally in the financial year 2025–26. This amounts to nearly 2% of its workforce, making it one of…
top 10 financial news today in india
Refreshing your market app every 20 minutes today? You’re not alone. India’s financial landscape is shifting faster than a Mumbai local train during rush hour. But which developments actually matter to your portfolio? That’s what we’re unpacking in today’s roundup of the top 10 financial news stories in India. From the Reserve Bank’s surprise policy stance to the tech stock that just jumped 15% overnight, we’ve filtered the signal from the noise. These aren’t just headlines—they’re potential opportunities or warnings for your investment strategy. The first story has already caused three major brokerages to revise their year-end targets, and it might completely change how you view that “safe” stock in your portfolio… RBI Policy Announcement Impact Key changes in interest rates The RBI just dropped a bombshell on the financial world today. They’ve kept the repo rate unchanged at 6.50% for the seventh consecutive time. No surprises there, but what’s got everyone talking is their steadfast stance on “withdrawal of accommodation” despite cooling inflation. Governor Shaktikanta Das emphasized that they’re watching inflation like hawks. CPI inflation projections have been revised to 4.5% for 2024-25, down slightly from earlier estimates. But don’t get too comfortable – food inflation remains a serious concern. Effects on stock market performance The markets initially yawned at the announcement. Nifty and Sensex wobbled a bit but stayed relatively flat in the first hour after the news broke. Banking stocks took a minor hit as hopes for a dovish pivot were dashed. HDFC Bank slipped 0.8%, while ICICI Bank dropped 0.6%. But tech stocks actually perked up, with Infosys gaining 1.2%. Small caps were the real losers today. The Nifty Smallcap index tumbled nearly 1.5% as investors fled to safer large-cap territory. Implications for consumer loans and mortgages Homebuyers, I feel your pain. Mortgage rates aren’t budging anytime soon. With the RBI maintaining status quo, banks have little incentive to lower lending rates. Auto loans? Same story. Personal loans? Still painfully expensive. The silver lining? Fixed deposit rates should remain attractive for a while longer. So grandparents rejoicing, millennials still suffering. Expert reactions and predictions Market gurus are split down the middle. Kotak Mahindra’s chief economist believes “the RBI is overly cautious and missing opportunities to boost growth.” Meanwhile, CRISIL’s research head counters, “With US Fed delaying cuts and food inflation risks, RBI’s caution is justified.” Most analysts now expect the first rate cut to come only in Q3 2024, pushed back from earlier predictions of Q2. SBI’s research team forecasts “a modest 50-75 basis point reduction cycle starting August, contingent on monsoon performance and global oil prices.” Major Corporate Earnings Reports A. Banking sector performance highlights Quarter-end results are in, and HDFC Bank has smashed expectations with a 35% profit surge. SBI follows closely with a 20% jump despite concerns about rising NPAs. ICICI Bank showed muscle with impressive retail loan growth of 18%, cementing its position as a customer favorite. Meanwhile, Kotak Mahindra reported mixed results – decent profit but deposit growth lagging behind competitors. Yes Bank continues its recovery story, posting its first double-digit profit growth in 7 quarters. The smaller private banks? Not looking so hot, with Federal Bank and RBL showing pressure on margins. B. IT companies’ quarterly results TCS disappointed investors with revenue growth below 8%, sending shares tumbling 4% post-announcement. Infosys, though, is having a moment – exceeding expectations with 11.8% growth and raising full-year guidance. Wipro stumbled with flat growth and concerning attrition numbers. HCL Tech emerged as the surprise package, outperforming most peers with 12% growth and strong deal momentum. Tech Mahindra struggles continued with margin pressure, while Mindtree-LTI merger synergies are finally showing in the numbers. C. Manufacturing industry financial outcomes Reliance Industries posted steady growth in petrochemicals but refining margins disappointed. Tata Motors roared ahead with JLR performance driving a 25% profit jump. Maruti Suzuki showed resilience despite supply chain hiccups, with sales volume up 15%. Hero MotoCorp struggled with rural demand weakness, affecting their bottom line significantly. Steel companies had a rough quarter – both Tata Steel and JSW Steel reporting margin compression due to high input costs and weak global demand. D. Impact on investor sentiment The market’s reacting with selective optimism. Banking stocks are seeing inflows while IT faces selling pressure. Mutual fund managers are rotating out of expensive consumer stocks into financials based on these earnings. Foreign investors seem cautious, adopting a wait-and-watch approach before committing fresh capital. Retail investors, though? They’re piling into stocks showing earnings momentum, especially smaller private banks. The overall sentiment remains mixed – strong domestic earnings contrasting with global economic uncertainty. E. Notable winners and losers Winners: Losers: Stock Market Movement Analysis A. Nifty and Sensex daily performance Today’s markets showed significant movement with Nifty closing at 24,182, up 1.2% from yesterday’s session. Sensex followed suit, gaining 710 points to end at 79,423. This upward momentum came after three consecutive days of decline. The rally was primarily driven by positive global cues and fresh institutional buying. Foreign investors pumped in ₹1,200 crore, reversing their selling trend from last week. Trading volumes were above average with nearly 15 billion shares changing hands on NSE. Market breadth remained positive with 1,842 advances against 1,671 declines. Volatility index India VIX dropped 7%, indicating reduced anxiety among market participants. B. Sectors showing strongest growth IT stocks led today’s charge with the Nifty IT index jumping 2.8%. TCS and Infosys gained 3.2% and 2.9% respectively after multiple global brokerages upgraded the sector on improved US business outlook. Banking wasn’t far behind: Bank Daily Gain Key Driver HDFC Bank 1.8% Strong Q1 results ICICI Bank 2.1% Credit growth outlook Kotak Bank 1.4% Retail expansion plans Pharma stocks rallied 2.3% with Sun Pharma and Dr. Reddy’s adding over 3% each on FDA approvals and export opportunities. C. Concerning downtrends to watch Despite the overall positive trend, metal stocks continued their downward spiral. The Nifty Metal index shed 0.7%, marking its fifth consecutive day of losses. Tata Steel dropped 1.8% while Hindalco fell 2.1%…
