Economy / Market Snapshot – July 2025

General News

• Vice President Jagdeep Dhankhar resigns citing health reasons; President Murmu accepts resignation.
• Five Rajya Sabha members including 3 nominated MPs take oath.
• Parliament passes Bills of Lading Bill 2025 aims to simplify legal framework for shipping documents.
• Opposition protests in Parliament against Bihar’s Special Intensive Revision of electoral rolls.
• President appoints Governors for Haryana, Goa and a Lt. Governor for Ladakh.
• Amit Shah lays foundation for India’s first national cooperative university in Gujarat.
• President’s rule in Manipur extended for another six months amid ongoing ethnic tensions.
• India, Brazil sign six key pacts with focus on terror, trade, and tech.
• India, Namibia sign 4 MoUs to deepen economic partnership by exploring new areas of cooperation.
• PM Modi visits Ghana, Trinidad, Argentina, Brazil & Namibia to deepen global South ties.
• PM Modi was on 4-day visit to UK, Maldives; trade deal, diplomatic reset in focus.
• India, Maldives sign 6 MoUs in multiple sectors; extends ₹4,850 crore line of credit.
• Jaishankar and US Defence Secretary Pete Hegseth discuss plans for new 10 year framework.
• Jaishankar meets Chinese President Xi Jinping, apprises him of recent development in bilateral ties.
• Govt clears acquisition proposals for military goods worth ₹1.05 lakh crore.
• DRDO hands over 6 indigenous radiation monitoring systems to Indian Navy.
• Army gets first batch of Apache helicopters from U.S.
• Three terrorists involved in Pahalgam terror attack killed during Operation Mahadev.
• ISRO-NASA Collaborative Satellite NISAR launched successfully from Sriharikota.
• President Murmu presents 78 Swachh Survekshan awards; Indore bags ]cleanest city’ for 8th year in row.
• Aam Aadmi Party quits I.N.D.I. Alliance.
• Modi becomes India’s second-longest-serving PM in consecutive terms, surpasses Indira Gandhi.
• Trade unions went on daylong strike against govt policies; over 25 crore workers joined the strike.
• Centre sets up panel on Polavaram project, inter-state water issues between Telangana & Andhra Pradesh.
• PM Modi lays foundation, inaugurates ₹7,200 crore projects in Bihar’s Motihari.
• PM Modi announces massive ₹5,400 crore infra boost for Bengal; Focuses on gas, rail projects.
• Bihar SIR concludes across all 243 poll-bound assembly constituencies.
• PM releases commemorative coin honouring Emperor Rajendra Chola.
• Axiom-4 crew return: Shubhanshu Shukla-piloted SpaceX Dragon makes successful splashdown.
• BRICS leaders gather in Rio for 17th Summit.
• 1st round of indirect ceasefire talks between Israel & Hamas in Qatar ends without any agreement.
• Netanyahu’s coalition is rattled as ultra-Orthodox party announces exit over military draft law.
• Israel bombs Gaza’s only Catholic church sheltering elderly and children.
• UK, France and Canada recognise Palestinian statehood defying US-Israel backlash.
• Iran suspends cooperation with IAEA, criticises UN watchdog’s silence over US attacks on nuclear facilities.
• Ukraine’s PM Shmyhal resigns as part of major government reshuffle.
• Russian peninsula rocked by 8.8 magnitude earthquake, causes tsunami in US, Japan.
• Trump pulls US out of UN cultural agency UNESCO for second time.
• Elon Musk announces new political party ‘America Party’.
• Pakistan Air Force chief visits US; first trip by a serving officer in a decade.
• EU nations agree on 18th round of Russia sanctions over Ukraine war.
• Pakistan, EU agree to boost cooperation in security and counter-terrorism.
• French President Macron announces £6.5 billion in extra military spending in next two years.
• European Court rules Russia responsible for shooting down MH17, killing 298 passengers.
• Dalai Lama insists process to find his successor must follow traditional Tibetan Buddhist practices.
• Bangladesh ex-PM Sheikh Hasina formally indicted in crimes against humanity case.
• China starts building world’s largest dam on Brahmaputra in Tibet.
• Pakistan, Uzbekistan, Afghanistan ink trilateral rail agreement to connect region via Kabul & Logar.
• Japan ruling coalition loses Upper House majority; PM Ishiba vows to stay amid growing resignation calls.
• Russia becomes 1st country to recognise Taliban govt of Afghanistan.
• Thailand launches airstrikes on Cambodia after border clashes.
• Cabinet approves National Sports Policy 2025 as the country eyes Olympics bid.
• Divya Deshmukh trumps Koneru Humpy to clinch maiden FIDE Women’s WC title.
• World Champion D Gukesh wins rapid title at Grand Chess Tour 2025 at Zagreb in Croatia.
• ICC appoints Sanjog Gupta as its new CEO.
• IND-W vs ENG-W: India women seal ODI series win in England; wins T20 series 3-2.
• IND vs ENG: England leads 5 match Test series 2-1.
• Gill surpasses Virat Kohli for most Test runs as captain against England.
• Wimbledon 2025: Jannik Sinner and Iga Swiatek clinch their maiden Wimbledon title.

Business News

• Cabinet approves Employment Linked Incentive Scheme to create jobs in manufacturing sector.
• Union Cabinet approves a four-lane highway section to facilitate easy access to Rameswaram.
• India allocates additional ₹10,000 crore to support deep tech sector.
• Cabinet clears PM Dhan-Dhaanya Krishi Yojana with annual outlay of ₹24,000 crore.
• Nirmala Sitharaman discusses strategic partnerships with BRICS Finance Ministers in Rio de Janeiro.
• Amit Shah launches National Cooperative Policy 2025, calls cooperative sector base of economy.
• Defence Ministry inks ₹2,000 crore contract with BEL for radars.
• Indian Navy signs pact with BEL to boost maritime domain awareness and coastal security.
• Centre issues advisory allowing use of personal bikes for ride-hailing.
• Government reduces toll charges by up to 50% on national highways with bridges, tunnels.
• Nirmala Sitharaman inaugurates infrastructure projects worth ₹1,087.81 crore in Meghalaya.
• Nitin Gadkari inaugurates India’s second longest cable-stayed bridge in Karnataka.
• PM lays foundation stone, inaugurates development works worth ₹4,800 crore in Thoothukudi.
• India uncovers 8.5 mt of rare earth reserves amid China export curbs.
• India signs long-term fertilizer supply agreements with Saudi Arabia.
• India secures zero duty on 95% farm goods exports in UK trade deal.
• Ashwini Vaishnaw launches ‘RailOne’ app as one-stop platform for all passenger services.
• Overage vehicle fuel ban in Delhi-NCR to be enforced from November 1.
• HD Kumaraswamy inaugurates SAIL office in Dubai; strengthens India-UAE steel and trade ties.
• NPCI International adds 13 more banks in UPI-PayNow linkage to ease remittances.
• RBI bars pre-payment charges on transfer of floating rate loans for individual borrowers.
• Canara Bank withdraws ‘fraud’ tag on Reliance Communications’ loan account.
• Jio Financial Services, Allianz Group seal deal for 50:50 reinsurance joint venture.
• MobiKwik arm secures SEBI license to operate as stockbroker, clearing member.
• HDB Financial services, Indiqube Spaces, Smartworks Coworking Spaces make their market debut.
• Trump imposes 25% tariff on India plus penalty for Russia trade.
• India and UK sign historic Free Trade Agreement, set to boost annual trade by $34 billion.
• India, Brazil set $20 billion trade goal, ink 6 cooperation deals.
• US, EU finalise trade deal imposing 15% tariff on most European goods.
• Donald Trump imposes 35% tariff on Canadian imports to US, effective August 1.
• Trump announces tariffs of 30% on Mexico and the European Union.
• Trump announces trade deal with Japan with 15% reciprocal tariff.
• US and Pakistan strike trade deal to develop oil reserves.
• US Fed leaves rates unchanged despite Trump’s pressure, with two governors dissenting.
• Appellate Tribunal finds Chanda Kochhar guilty of ₹64 crore bribery in ICICI Bank-Videocon loan case.
• ED summons actors & influencers for promoting illegal betting apps on social media platforms.
• Tesla debuts in India with experience centre in Mumbai; launches Model Y.
• Maruti Suzuki and DPIIT sign MoU to propel auto & mobility startup innovation in India.
• Elon Musk’s Starlink receives India’s final regulatory nod for launch.
• Perplexity teams up with Airtel to access India, a month after Google’s free Gemini push.
• Tata Electronics, Bosch sign pact for electronics, semiconductor production.
• Trump Administration launches AI action plan to make US ‘AI Export Powerhouse’.
• Tesla, Samsung sign $16.5 billion chip supply deal.
• Bharti Airtel incorporates subsidiary Airtel Money Limited.
• Donald Trump signs cryptocurrency bills into law, hails it as ‘good for dollar’.
• US defense department awards contracts to Google, Musk’s xAI.
• Microsoft shuts down operations in Pakistan after 25 years.
• Reliance Retail acquires century-old Kelvinator brand to boost consumer durables push.
• Kolhapuri chappals get QR code as govt moves to protect craft.
• Govt names ex-Finance Secretary Ajay Seth as new IRDAI chairman for 3 years.
• IndiGo appoints Amitabh Kant as non-executive director on board.
• Priya Nair named Hindustan Unilever MD & CEO; to succeed Rohit Jawa.
• Gita Gopinath to return to Harvard as professor after historic IMF tenure.

Q1 Results

• ICICI Bank Q1 Net profit rises 15.5% YoY ₹12,768 crore; NII up 11%.
• HDFC Bank Q1 net profit jumps 12% to ₹ 18,155 crore; special dividend and 1:1 bonus shares approved.
• Kotak Mahindra Bank Q1 PAT falls 7% YoY to ₹3,282 crore, NII up 6% to ₹7,259 crore.
• Axis Bank Q1 Standalone PAT falls 4% YoY to ₹5,806 crore, NII remains flat at ₹13,560 crore.
• RBL Bank Q1 profit slumps 46% to ₹200 crore on higher provisions.
• PNB Q1 Net profit slumps 49% YoY to ₹1,675 crore on higher tax expenses; asset quality improves.
• Infosys Q1 Profit rises 9% YoY to ₹6,921 crore, revenue up 8% to ₹42,279 crore.
• TCS Q1 Cons PAT up 6% YoY at ₹12,760 crore; ₹11 per share dividend declared.
• HCLTech Q1 Net profit drops 9.7% to ₹3,843 crore; revenue rises 8.1% to ₹30,349 crore.
• Tech Mahindra Q1 Cons PAT surges 34% YoY to ₹1,141 crore, revenue rose 2.7% to ₹13,351 crore.
• Wipro Q1 Cons PAT rises 11% YoY to ₹3,330 crore; dividend declared at ₹5/share.
• Maruti Suzuki Q1 Cons PAT rises marginally to ₹3,792 crore, revenue jumps 8% YoY.
• Hyundai India Q1 PAT falls 8% to ₹1,369 crore on weaker sales.
• IndiGo Q1 Net Profit drops 20% to ₹2,176.3 crore; revenue up 4.7% to ₹20,496.3 crore.
• HUL Q1 profit rises 5.6% to ₹2,756 crore, revenue increased by 5.1% to ₹16,514 crore.
• Reliance Industries Q1 PAT jumps 78% YoY to ₹26,994 crore; Jio Q1 PAT grows 25%; ARPU rises to ₹208.
• Adani Enterprises Q1 Profit falls 50% YoY to ₹734 crore, revenue declines 14% to ₹21,961 crore.
• Vedanta Q1 consolidated net profit at ₹3,185 crore declines 11.7% year on year.
• L&T Q1 Net profit jumps 30% to ₹3,617 crore; order inflow hits record ₹94,453 crore.
• Sun Pharma Q1 Net profit declines 20% to ₹2,279 crore; revenue up 9% to ₹13,851 crore.
• Zomato parent, Eternal, reports 90% YoY profit fall to ₹25 crore despite 70% revenue jump.
• Swiggy Q1 Loss widens to ₹1,197 crore, revenue soars 54%.
• Ola Electric Q1 loss widens to ₹428 crore, revenue drops 50%.