Jio Financial on Thursday reported 155% year-on-year (YoY) growth in its consolidated net profit at Rs 830 crore in the first quarter. The same stood at Rs 325 crore in the same quarter last year.
Warren Buffett revealed he personally initiated Berkshire Hathaway’s investment in Alphabet, lifting the stock nearly 4% and adding over $15 billion to the combined wealth of Google co-founders Larry Page and Sergey Brin. Berkshire now holds Alphabet among its top five investments, while strong AI-driven growth, cloud expansion, and increased spending plans continue to support investor confidence.
Wipro declared an interim dividend of ₹2 per share, with July 27 fixed as the record date. The IT major reported modest Q1 FY27 profit and revenue growth, issued cautious quarterly guidance and reiterated its focus on AI-led business transformation.
Value investor Joel Greenblatt advises that less action yields more long-term investment gains. Patience and disciplined holding outperform frequent trading and market timing. Compounding wealth requires staying invested in strong businesses through market ups and downs. Avoiding emotional reactions to price swings is crucial for investment success. Resisting the urge to act and letting investments grow proves most rewarding.
Sensex gained a mere 1 point to end at around 77,187, and Nifty 50 dropped around 6 points to close at nearly 24,073 on Thursday. Broader markets slipped into the red, with Nifty Midcap 100 and Nifty Smallcap 100 indices closing up to 0.4% lower.
Wipro Q1 Results: Along with the earnings, the company’s board also approved an interim dividend of Rs 2 per share.
Major Wall Street banks say the U.S. consumer remains resilient, with strong spending, rising loan balances and stable credit quality backed by a healthy labour market and wage growth. While inflation, higher borrowing costs and geopolitical tensions remain risks, lenders say consumer finances have held up well so far.
ITC Hotels reported a thirty-six percent rise in net profit for the first quarter. Consolidated revenue from operations also increased compared to the previous year. The company announced the approved acquisition of GHK Hospitality & Infrastructures Ltd. This strategic move will expand their owned-asset portfolio in Ahmedabad. The hotel business and new branded residences vertical showed strong revenue growth.
Paytm parent One97 Communications will consider its first-ever bonus share issue alongside its June-quarter results on July 20. The proposal comes after the company reported its first full-year profit in FY26 and amid rising domestic institutional ownership, with mutual funds and insurers increasing their stakes in the fintech major.
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