Business News (30th July, 2025)

India-Focused Highlights Samsung Foldables Fly off Shelves in India The Galaxy Z Fold 7 and related models saw staggering demand, with 210,000 pre-orders in just 48 hours. Supplies quickly ran out in multiple regions, prompting Samsung to ramp up production at its Noida plant to restock. NSDL IPO Opens India’s oldest depository, National Securities Depository Limited, launched its IPO today aiming to raise ₹4,012 crore via an offer-for-sale. IGI India Q2 Profits Soar International Gemmological Institute (India) posted a 63% year-on-year PAT increase, with 16% revenue growth and EBITDA up 37%, driven by strong demand for diamond certification and lab-grown gems. Laxmi India Finance IPO Sees Strong Subscription Reached ~88% subscription on Day 2, with grey market premium dropping to ~2% above issue price of ₹161. Retail investors led the charge. Markets Steady as Tariff Fears Loom Indian indices opened flat—Nifty50 and Sensex moved cautiously amid concerns over potential 20–25% US tariffs on Indian goods. EU Sanctions Threaten Refiners New EU restrictions on Russian oil could disrupt Indian exporters of fuel, potentially affecting exports worth $14.3 billion. Microsoft IT Services Restored Nayara Energy regained Microsoft IT services after legal action over previous service suspension tied to EU sanctions. Global Business & Economic Developments IMF Raises Growth Forecasts The IMF has lifted its global GDP projection for 2025 to 2.7% (from 2.4%), citing eased trade tensions. India’s projected growth also received an uptick. Trump Imposes 25% Tariff on India Former US President Trump announced a 25% tariff on Indian goods starting August 1, raising trade policy worries. U.S. economic growth hit 3% annualized in Q2, helping assuage recession fears. HSBC Posting Losses HSBC's profit fell sharply due to exposure to Chinese banking and Hong Kong real estate markets, leading to significant write-downs. Apple Shifts iPhone Assembly to India India surpassed China as the leading exporter of iPhones to the U.S. in Q2—accounting for 44% of U.S. imports vs. 13% last year. China’s share fell to 25%. L&T Orderbook Reaches ₹6 Trillion Larsen & Toubro’s global order pipeline surpassed ₹6 trillion for the first time, with a ₹15 trillion pipeline in the works—a sign of accelerating infrastructure and IT demand. European Tariffs Reshape Market Dynamics Germany’s economy shrank 0.1% in Q2 amid U.S. tariffs. Adidas, Mercedes‑Benz, Porsche and other European companies are reporting mounting cost pressures and profit revisions. Corporate Moves P&G names Indian-origin CEO: Mumbai-born Shailesh Jejurikar has been appointed CEO of Procter & Gamble, notably one of the few Indians heading a Fortune 500 consumer goods firm. Amex Business Travel picks up CWT: American Express Global Business Travel’s acquisition of CWT is back on after the U.S. DOJ dropped antitrust objections. Free Backlinks GitFlic
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