Microsoft CEO Satya Nadella explained why the company had to lay off thousands of employees this year. He shared a memo sharing why the Microsoft layoffs were implemented in 2025. He acknowledged that the decision was "weighing heavily" on him and referred the affected as colleagues, teammates and friends.

Mphasis (BSE: 526299; NSE: MPHASIS) has acquired a 26% preferred equity stake in Aokah, a PaaS platform helping enterprises set up and scale next-gen Global Capability Centers (GCCs). The partnership combines Mphasis cloud and cognitive expertise with Aokahs AI-driven execution platform, offering end-to-end lifecycle support, intelligent automation, and data-driven insights.

Asian Paints is seeking to quash the antitrust inquiry by CCI, arguing that officials damaged its reputation by publishing and then deleting allegations against its CEO, Amit Syngle, from the investigation order within 24 hours. Inquiry stems after Birla Opus alleged that Asian Paints, which has 52% market share, abused its dominant position by offering discounts and incentives to dealers.

The Indian stock market closed in the negative territory on Friday, with the domestic stock indices declining by up to 1% amid selling pressure. Sensex closed at 81,463.09, down 721.08 or 0.88%. The 30-share index started the trade in negative territory at 82,066.76 against the previous session's closing of 82,184.17.

Delhi's Rouse Avenue court has dismissed a money laundering case against businessman Ratul Puri, Moser Baer India and 11 others. The case was filed by CBI in connection with purported bank fraud cases involving Moser Baer Solar, worth ₹747 crore, and Moser Baer India, amounting to ₹354 crore. Earlier, a CBI court discharged Puri and others in the same case.

Nifty closed below 24,900 on Friday, extending its losing streak to a fourth week. Analysts flagged 24,850 as a key level-if broken, a swift drop to 24,500 is likely. Broader markets cracked, but pharma outperformed. Cipla gained 3% on strong results. Bajaj Finance, Sona Comstar, and Chennai Petro dragged on asset concerns and boardroom woes.

Newmont stock rose nearly 2% premarket after Q2 earnings of $1.43/share topped expectations of $1.16/share. Costs fell 4%, and gold prices surged to $3,320/oz. Retail sentiment turned 'extremely bullish' as investors bet on a broader gold mining rally. Newmont shares are up over 29% YTD, boosted by its $17 billion Newcrest acquisition.

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