Yesterday's big news was related to Meta. Facebook's parent company Meta is cutting more than 3,000 jobs. This reduction will affect about 5% of the company's employees. Meanwhile, in last week's trading, the combined market capitalization of 6 out of the country's top 10 companies increased by ₹1.18 lakh crore. Among them, HDFC Bank benefited the most last week. Its market cap increased by ₹32,639 crore to ₹13.25 lakh crore. Today's major events to watch. Sunday's big news 1. Meta to lay off more than 3,000 employees: The company will email affected employees on Monday, CEO Zuckerberg had announced the layoffs last month Facebook's parent company Meta is cutting more than 3,000 jobs. This cut will affect about 5% of the company's employees. According to media reports, the company's employees have been informed about this through an internal memo on Friday. Meta's Vice President of Human Resources, Janelle Gale, posted the memo on the company's internal workplace forum. It stated that employees losing their jobs in this layoff will receive an email on Monday morning. 2. Market value of 6 out of top-10 companies increased by ₹1.18 lakh crore: HDFC Bank was the top gainer; its market cap increased by ₹32,639 crore to ₹13.25 lakh crore In last week's trading, the combined market capitalization of 6 out of the country's top-10 companies increased by ₹1.18 lakh crore. Among these, HDFC Bank benefited the most last week. Its market cap increased by ₹32,639 crore to ₹13.25 lakh crore. Meanwhile, Bharti Airtel's market cap increased by ₹31,003 crore to ₹9.56 lakh crore. Bajaj Finance's market cap increased by ₹29,032 crore to ₹5.24 lakh crore. Infosys' market cap increased by ₹21,114 crore to ₹7.90 lakh crore. Meanwhile, the market cap of Reliance Industries and ICICI Bank also increased. 3. Stock market expected to rise this week: 5 factors including retail inflation and new government in Delhi will determine market trends The stock market is expected to rise this week. The market will keep an eye on factors such as retail and wholesale inflation data, industrial production, and foreign investment. After the results of the Delhi elections on Saturday, the market may open higher on Monday. 4. Don't stop SIP out of fear of decline: Don't use it as an emergency fund, if you want good returns, avoid these 5 mistakes Systematic Investment Plan or SIP is a popular tool for investing in mutual funds. According to the data of December 2024, a record investment of ₹26,459 crores came into the mutual fund industry through SIP. But in the same month, there was also a redemption of ₹80,509 crores (about 42% of the total equity investment). 5. Investment up to ₹2.5 lakh annually in ULIP is tax-free: The amount received on maturity is also tax-free, understand what the rules are regarding this The tax-related rules for Unit Linked Insurance Plan (ULIP) have become clearer in the 2025 budget. Taxation on ULIP will be similar to other investment options like mutual funds. This change will help investors make the right financial decisions.Original Article