TCS shares declined by 1.7% following the announcement of over 12,000 layoffs, primarily affecting middle and senior-level positions. This restructuring is part of TCS's strategy to adapt to evolving business needs amid a slowdown in IT sector growth and declining recruitment.
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A video has surfaced from President Trump's golf trip to Scotland, igniting accusations of cheating. The footage shows a caddie seemingly dropping a ball in the rough during Trump's visit to his Turnberry resort. This incident has revived long-standing claims of Trump's alleged history of bending the rules on the golf course, sparking divided reactions online.
Opposition parties in India are raising concerns about the Election Commission's special intensive revision of Bihar's electoral rolls, alleging it could disenfranchise marginalized communities. They question the potential exclusion of 66 lakh people and criticize the rejection of certain documents. The Election Commission defends the process, urging parties to submit claims and objections during the designated period.
JP Morgan downgraded Bajaj Finance, while Morgan Stanley remained overweight on SBI Life Insurance after positive quarterly results. Macquarie lowered Nestle's target price due to missed estimates and growth concerns. Conversely, Investec upgraded Torrent Pharma following its acquisition of JB Chemicals. Axis Capital maintained a reduce rating on Canara Bank, citing NIM pressure.
England dominated Day 2 against India in the fourth Test at Manchester, closing at 225 for two. Ben Duckett's aggressive 94 and Zak Crawley's 84 powered England after India posted 358, highlighted by Rishabh Pant's courageous 54 with a broken foot. Duckett and Crawley's 166-run opening partnership neutralized India's bowling.
Donald Trump's trade deals signal a new normal with base tariffs around 10-20%, impacting nations like Vietnam, Indonesia, Philippines, and Japan. An India-US trade deal remains elusive due to disagreements on agriculture and dairy, with potential tariffs expected to be above 10%.
Jagdeep Dhankhar resigned as vice president, citing health concerns and following medical advice, a position he held since 2022. His resignation triggers a constitutional process for the Election Commission to promptly organize an election to fill the vacancy. The vice president also serves as the ex-officio chairman of the Rajya Sabha.
Following a DGCA directive prompted by a recent Air India Boeing 787 crash, Air India has completed precautionary inspections of the fuel control switch locking mechanisms on its Boeing 787 and 737 aircraft. The inspections, initiated voluntarily on July 12 and completed within the DGCA's timeframe, found no issues with the locking mechanisms.
In a World Championship of Legends 2025 match, John Hastings bowled a strange over. The over included 12 wides and a no-ball. Pakistan Champions were chasing a small target. Saeed Ajmal took six wickets, dismantling Australia Champions. Sharjeel Khan and Sohaib Maqsood easily secured a 10-wicket victory for Pakistan. Hastings's over became a talking point among fans.
In a heartwarming tribute to Taylor Swift and Travis Kelce, a newborn girl has been named Kelce Taylor at Liberty Hospital in Missouri. Born on July 25, 2025, the baby was welcomed as "the youngest Swiftie," adorned in a Kelce jersey. This unique name reflects the couple's significant impact on their fans, blending the worlds of pop music and football.
An ED special court convicted Abhay Srivastava, former Nalco CMD, his wife, and two associates for money laundering. They were found guilty of receiving bribes from contractors in exchange for a coal supply tender. The investigation revealed illicit funds were used to purchase and conceal gold bars, stored in a bank locker operated by Srivastava's wife.