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Warren Buffett plans to donate his entire Berkshire Hathaway stake within eight years. He hopes his children will complete the share disposal by December 31, 2034. Buffett converted 8,000 Class A shares into 12 million Class B shares for donation. Four charitable foundations will receive these shares, with the Susan Thompson Buffett Foundation receiving the…

Goldman Sachs has reported robust profits for the second quarter, surpassing analysts’ predictions. The firm’s equities revenue soared to unprecedented levels, fueled by both fluctuating markets and active deal-making. Investment banking fees also experienced a notable increase, thanks to major transactions and advisory engagements. Additionally, the bank’s asset and wealth management sector showed consistent growth,…

Federal Reserve Chair Kevin Warsh reaffirmed his commitment to controlling inflation and maintaining the Fed’s independence despite political pressure. While US inflation eased in June, Warsh signalled no immediate rate cuts. Markets lowered expectations of near-term hikes, as his policy stance remains focused on restoring price stability.

Rising crude oil prices, a weaker rupee and West Asia tensions pressured domestic equities, raising inflation and earnings concerns. Analysts recommend Azad Engineering, MosChip Technologies, Adani Green Energy and Adani Power, citing bullish technical setups and positive momentum for Wednesday.

Proxy advisory firm IIAS opposed Ujjivan Small Finance Bank’s proposed RSU scheme, citing inadequate clarity on vesting conditions and performance metrics. The bank responded that vesting depends on exceeding revenue and profit targets and satisfactory individual performance ratings.

Rising crude oil prices, a weaker rupee and West Asia tensions pressured domestic equities, raising inflation and earnings concerns. Analysts recommend Azad Engineering, MosChip Technologies, Adani Green Energy and Adani Power, citing bullish technical setups and positive momentum for Wednesday.

Anand Rathi Share and Stock Brokers reported a 71% year-on-year rise in Q1 FY27 profit before exceptional items to Rs 39.1 crore, driven by strong growth in margin funding, broking and distribution income. However, sequential performance softened, with declines in revenue, EBITDA and distribution income compared with the previous quarter.

IBM shares tumbled sharply in premarket trade after the company flagged weaker-than-expected second-quarter results, missing both profit and revenue estimates. Management attributed the shortfall to delayed deal closures and shifting client spending toward hardware ahead of price hikes, while cybersecurity concerns further weighed on performance during the quarter.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…