Here's a roundup of the top financial and business headlines impacting India on July 11, 2025, from leading news agencies:

Business Standard

• Stock Market Overview: Indian benchmark indices Sensex and Nifty are anticipated to be influenced by factors such as India-US trade deal discussions and US President Donald Trump's 35% tariff announcement on Canada. GIFT Nifty futures were trading lower, indicating a potential gap-down start for the bourses.
• Corporate Earnings & Updates:
  • Tata Consultancy Services (TCS) reported a 6% rise in net profit for Q1 FY26, but missed revenue growth estimates. The company has yet to decide on salary hikes due to prevailing macroeconomic uncertainties.
  • Hindustan Unilever (HUL) announced the appointment of Priya Nair as its new Managing Director and Chief Executive Officer, effective August 1, making her the first woman to lead the company.
  • Tata Projects is targeting an order book of ₹60,000-70,000 crore from its infrastructure business by 2030.
  • US short-seller Viceroy Research has flagged a payment of approximately ₹1,560 crore in "brand and strategic services" fees from Hindustan Zinc (HZL) to its promoter, Vedanta Ltd.
• RBI Action: The Reserve Bank of India (RBI) is set to conduct a seven-day variable rate reverse repo (VRRR) auction to absorb ₹2.5 trillion from the banking system.
• Global Trade Impact: Concerns persist regarding potential blanket tariffs of 15-20% on most trading partners, as indicated by US President Donald Trump, which could impact global economic growth.

Economic Times

• Corporate Performance & News:
  • TCS reported a consolidated PAT increase of 6% year-on-year to ₹12,760 crore for Q1 FY26 and declared an interim dividend of ₹11 per share.
  • Hindustan Unilever's Priya Nair has been appointed MD & CEO for a five-year term starting August 1.
  • State Bank of India (SBI) is preparing to raise ₹250 billion (approximately $2.9 billion) through a share sale to institutional investors, potentially India's largest deal of its kind.
  • Federal Bank has promoted its Group President and Chief Financial Officer, Venkatraman Venkateswaran, to the role of Executive Director.
  • IREDA's Q1 PAT fell by 36% to ₹247 crore.
  • Zee Entertainment faced a setback as shareholders voted down a ₹2,237 crore preferential warrant issue aimed at raising capital.
  • Glenmark Pharmaceuticals and AbbVie have inked a $700 million licensing deal.
• Market Dynamics: US stock futures dipped, and the dollar gained following President Trump's announcement of tariffs. Indian equities closed lower on Thursday, with analysts anticipating near-term market consolidation ahead of the earnings season.
• Stocks in Focus: DMart, IREDA, TCS, ZEE, HUL, and Glenmark Pharma are among the stocks under close watch.

Mint

• Market Performance: The Nifty-50 Index closed 0.47% lower, while the Bank Nifty also saw a decline of 0.45% on Thursday, influenced by caution ahead of Q1 results and tariff-related concerns.
• Market Outlook: The short-term trend for Nifty is expected to remain weak, with support levels identified at 25,250–25,200 and resistance at 25,400 and 25,500.
• Investment Recommendations: Market experts have recommended several intraday stocks for Friday, July 11, including FSN E-Commerce Ventures Ltd (NYKAA), Glenmark Pharmaceuticals Ltd, JSW Energy, Sagility India, UTI AMC, Hubtown Ltd, and Paramount Communications Ltd.
• Commodity Markets: Oil prices remained steady as traders focused on OPEC+ supply decisions and the implications of Trump's tariffs. Gold has recently reached record highs, driven by shifting trade policies and economic uncertainty, reinforcing its role as a safe haven.

TAGS: Headlines, Business News, Economic Times, Business Standard, Mint, Top News

Tags: Headlines Business News Economic Times Business Standard Mint Top News