BL Morning report: October 10, 2025
Update: 2025-10-10
Description
Starmer’s trade push, SEBI’s market reset, TCS trims 20K jobs, and Graphcore’s AI move
🎧 On today's episode:
UK PM Keir Starmer calls the India-UK free trade pact a breakthrough moment, aiming to double trade to $115 billion by 2030. SEBI raises the block deal threshold to ₹25 crore to improve liquidity and transparency in equity markets. TCS posts a 1.4% rise in Q2 profit but cuts nearly 20,000 jobs, with revenue up 2.3% year-on-year. Meanwhile, SoftBank-backed Graphcore announces a £1 billion AI engineering campus in Bengaluru, creating 500 new semiconductor roles.
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