BUSINESS HIGHLIGHTS

New Delhi, Jul 28 (PTI) Following are the top business stories at 2025 hours:

     DEL50 BIZ-LD IIP
     * Industrial output growth slows to 10-month low of 1.5 pc in June
     New Delhi: India's industrial production growth slowed to a 10-month low of 1.5 per cent in June 2025 due to poor performance of mining and power sectors, which were impacted by excess rains especially in second half of the month, according to official data released on Monday. *

     DEL73 BIZ-TCS LAYOFFS-LD IT MINISTRY
     * TCS layoffs: Meity keeping close watch on situation; IT union writes to labour minister
     New Delhi: The IT Ministry is keeping a close watch on situation arising out of Tata Consultancy Services' (TCS) decision to lay off over 12,000 employees, and is in touch with the Tata Group company, sources said on Monday. *

     DEL47 BIZ-LD-STOCKS
     * Sensex, Nifty tumble for 3rd day, dragged by Kotak Bank, US trade deal uncertainty
     Mumbai: Falling for the third straight session on Monday, benchmark Sensex tumbled by 572 points to close at nearly a two-month low due to heavy selling in Kotak Mahindra Bank, forex outflows and uncertainty related to the India-US trade deal. *

     DEL75 BIZ-LD RUPEE
     * Rupee pares initial gains, settles 18 paise lower at 86.70 against US dollar
     Mumbai: The rupee pared initial gains and settled for the day 18 paise lower at 86.70 against the US dollar on Monday, as month-end dollar demand from importers continued to keep the American unit well bid. *

     DEL55 BIZ-FINMIN-ECONOMY
     * Indian economy has look and feel of 'steady as she goes' for FY26: FinMin
     New Delhi: Indian economy has the look and feel of "steady as she goes" for the current fiscal, the finance ministry said on Monday even as it flagged slowing credit growth. *

     DEL66 BIZ-NAYARA-MICROSOFT
     * Microsoft suspends services to Nayara, co sues firm in Delhi High Court
     New Delhi: Microsoft Corp has stopped providing services to Russian oil giant Rosneft-backed Nayara Energy following European Union sanctions, prompting the Indian refinery to sue the tech giant in the Delhi High Court. *

     DCM59 BIZ-LD-STARLINK
     * Starlink can give only 20 lakh connections pan-India: MoS Telecom
     New Delhi: Billionaire Elon Musk-led satellite communication services provider Starlink can have only 20 lakh connections in India, Union Minister Pemmasani Chandra Sekhar said on Monday, playing down the threat to state-run BSNL and other telecom players. *

     DEL49 BIZ-GOLD-PRICE
     * Gold declines Rs 500 to Rs 98,020/10 g; silver plunges Rs 1,000
     New Delhi: Gold prices slid for the fourth consecutive session and ended Rs 500 lower at Rs 98,020 per 10 grams in the national capital on Monday due to unabated selling by stockists following a trade deal between the US and the EU, which dampened the safe-haven demand. *

(This story has not been edited by THE WEEK and is auto-generated from PTI)