Cyril Shroff and IIM Ahmedabad co-found the Cyril Shroff – IIMA GC Leadership Academy

Home First India Finance Company reported a 35% net profit increase for Q1 FY27. The company’s operating profit also saw a 33% rise during the same period. Total income for the mortgage lender grew by 19% year-on-year. Assets under management expanded by 26% to Rs 16,938 crore. Gross non-performing assets ratio remained steady at 1.8%.

South Korea’s Kospi surged 4% on Thursday, extending gains for a third straight session, as stronger-than-expected economic growth and robust AI spending plans from US tech giants boosted chip stocks. Samsung Electronics and SK Hynix climbed up to 6%, driving the benchmark higher after GDP expanded 0.6% in the April-June quarter, beating forecasts.

European shares saw modest gains as investors reviewed corporate earnings reports. Energy stocks edged higher while oil prices rebounded from recent declines. Travel and leisure shares slipped as higher fuel costs posed concerns. Lufthansa and Zalando shares fell significantly after their earnings updates. Bayer shares rose after reporting a surprise profit increase.