U.S. markets opened mixed as Nasdaq and S&P 500 slipped on chip stock weakness, while Dow edged higher. Investors remained cautious ahead of key Big Tech earnings, with focus on whether AI-driven momentum can sustain. Semiconductor pressure and earnings uncertainty kept overall sentiment fragile at the open.

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As Q1 earnings dominate investor focus, Warren Buffett and Charlie Munger’s criticism of EBITDA is back in the spotlight. Buffett called it a tool to mislead investors, while Munger famously dubbed it “bullshit earnings”, arguing that ignoring depreciation and other real costs distorts a company’s true financial health.

Eternal’s Q1 shareholder letter highlights Blinkit’s rapid expansion, improving profitability and rising capital investments, while food delivery remains the group’s profit engine. Management also addressed mounting quick commerce competition, outlined Blinkit’s return framework and detailed continued investments in AI, Bistro and other emerging businesses despite widening losses in newer ventures.

IndusInd Bank reported a 72% year-on-year jump in consolidated Q1 net profit to Rs 1,037 crore, aided by lower provisions despite flat net interest income and weaker fee income. Asset quality improved, deposits grew, and capital adequacy strengthened, while advances declined as the lender prioritised portfolio quality and disciplined growth.

Infosys is expected to post double-digit growth in revenue and profit for Q1FY27, aided by seasonal factors and acquisitions. However, brokerages remain divided on whether the IT major will raise or trim its FY27 revenue growth guidance amid macro uncertainty, weak discretionary spending and AI-led pricing pressure.

Chinese technology firms are actively raising substantial funds in Hong Kong. These companies are financing growth in artificial intelligence and semiconductor sectors. Advanced manufacturing and autonomous driving firms also tapped capital markets. This fundraising wave highlights investor confidence in Chinese tech innovation. Major deals are still anticipated in the coming months.

Airbus shares rose significantly after announcing a €5 billion share buyback program. The company outlined ambitious financial targets for the next five years. Airbus aims for core operating profit between €12 billion and €13 billion by 2029. Deliveries are increasing as supply chain issues gradually ease. Analysts reacted positively to the company’s improved earnings trajectory…

Indo-MIM’s Rs 3,811-crore IPO opens on July 23 with a strong grey market premium of about 37%. The precision engineering manufacturer plans to repay debt using fresh issue proceeds, while analysts highlight its global MIM leadership, diversified operations, and robust financial growth supporting long-term prospects.

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