Archive · 28 Jul 2025
TCS Job Cuts, Market Slides, and Divya Deshmukh's Victory
Several major events occurred recently.
TCS, a large IT company, will cut jobs.
The stock market, represented by the Nifty, dropped.
India's industrial production increased slightly, but less than expected.
IndusInd Bank's profits decreased significantly, though still meeting predictions.
In sports, a young Indian chess player, Divya Deshmukh, won a major tournament, becoming a Grandmaster.
TCS plans to cut approximately 2% of its global workforce.
Nifty fell for a third straight session, reaching a two-month low.
India's IIP rose 1.5% in June, missing the expected growth.
IndusInd Bank's net profit fell 72% year-on-year, but beat estimates.
Divya Deshmukh won the FIDE Women's World Cup and became a Grandmaster.
- Who
- TCS, IndusInd Bank, Divya Deshmukh, and others.
- What
- Various economic, business, and sports-related developments.
- When
- As of July 28, 2025, with data from June 2025.
- Where
- India, Gaza, and global markets.
- Why
- To inform the public about market performance, company actions, and significant events.
- TCS Workforce Reduction
- Approximately 2%
- Nifty Performance
- Reached a two-month low
- IndusInd Bank Profit Decline
- 72% YoY
- IIP Growth (June 2025)
- 1.5%
- FIDE Women's World Cup Winner
- Divya Deshmukh
Sources
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