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After taking over the reign as Berkshire Hathaway CEO in January this year, Greg Abel began putting the company’s record cash pile of nearly $400 billion to work. At the centre of this shift in strategy is Google-parent Alphabet.
In a recent report, the brokerage has shortlisted 10 blue-chip stocks across multiple sectors that it believes offer attractive value and the potential to deliver returns of up to 49% return. Here’s the full list.
SBI Funds Management secured ₹1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company’s upcoming public offering. The asset manager’s ₹11,693 crore IPO is the largest public issue scheduled for 2026. PI Opportunities Fund-II and Enam’s Akash Manek Bhanshali were among the significant investors. The transaction involved selling a…
Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was attributed to an issue with its cloud service provider, Google Cloud Platform. Some users also reported difficulties depositing money into their accounts. The brokerage stated the problem was promptly resolved before market closing. Customers could then access their funds after the…
Indian equity indices saw a rise on Friday, boosted by information technology stocks. Tata Consultancy Services’ earnings met expectations, easing sector concerns which helped the market. The benchmark indices, however, finished the week marginally lower, ending a winning streak. Renewed West Asia tensions kept investor optimism in check earlier in the week. Brent crude futures…
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank’s retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India’s economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.
Shapoorji Pallonji Group secured significant funding through debt issuance. This refinancing effort attracted both domestic and global institutional investors. The company raised approximately Rs 21,500 crore in its initial funding tranche. Investors showed strong interest, with many participating for the first time. This move is part of a larger plan to replace higher cost debt.
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks. Investors remain cautious ahead of earnings season and inflation data, while geopolitical tensions and interest rate uncertainty continue to shape broader market sentiment.
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