Hugo Boss reported a 15% increase in earnings before interest and taxes (EBIT) to 81 million euros in the second quarter of 2025, surpassing analysts' forecasts. The German premium apparel company achieved a net profit rise of 27% to 47 million euros, supported by cost-cutting measures despite a 1% year-over-year decline in sales to 1 billion euros. The company maintained its full-year outlook despite challenging market conditions, including softer demand in China and a stronger euro weighing on sales. Hugo Boss stated it would be only slightly affected by U.S. tariffs due to its relatively low exposure to the American market compared to competitors. Meanwhile, Indian markets experienced a downturn amid escalating trade tensions with the United States. The BSE Sensex fell 765 points to 79,857.79, and the Nifty 50 declined 233 points to 24,363, marking the longest weekly losing streak in five years. The market slump was driven by U.S. President Donald Trump's refusal to engage in trade talks with India until tariff disputes are resolved, with the U.S. imposing a 50% tariff on Indian exports. Key Indian companies reported mixed quarterly results: Tata Motors' consolidated net profit plunged over 62% year-over-year to approximately ₹4,000 crore, impacted by weaker demand and U.S. tariffs affecting Jaguar Land Rover (JLR) operations. JLR's profit halved due to these headwinds. Conversely, State Bank of India (SBI) posted a 12.5% year-over-year net profit increase to ₹19,160 crore, buoyed by strong treasury gains and credit growth above the industry average. Other firms such as Bajaj Auto, Cummins India, and Nalco reported profit growth, while companies like PG Electroplast and Biocon saw declines. The MSCI Global Standard Index added Indian stocks including Swiggy, Vishal Mega Mart, Waaree Energies India, and Hitachi Energy India in its August 2025 rebalancing. Overall, the Indian equity market remained under pressure due to trade tensions, tariff impacts, and cautious investor sentiment ahead of upcoming earnings reports and IPOs.