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Berkshire Hathaway CEO Greg Abel has divested stocks once overseen by Todd Combs. Combs departed Berkshire in December for JPMorgan Chase. This move signals a significant shift in Berkshire’s investment portfolio under Abel, who took over as CEO in January. Warren Buffett continues as Chairman. Berkshire is expected to reveal more details on its equity holdings soon.Read More

Wipro’s stock fell on Friday after its March-quarter earnings missed expectations, with a ₹15,000 crore buyback failing to boost sentiment. The IT major reported a 2% decline in consolidated net profit, and brokerages expressed caution due to weaker-than-expected performance and revenue headwinds. Analysts noted continued underperformance compared to peers, despite attractive valuations.Read More

Jio Financial Services saw a nearly 14% drop in March quarter net profit to ₹272 crore, despite a significant rise in total income. However, its lending arm, Jio Credit, reported a three-fold profit surge to ₹70 crore, with assets under management growing 156%. Jio Payments Bank also experienced substantial growth, with income up 11x and deposits reaching ₹544 crore.Read More

Indian stock markets rallied for a second week, driven by hopes of peace in West Asia and a strengthening rupee. Easing geopolitical tensions and falling oil prices boosted investor confidence, leading to gains across major indices. While the market shows positive momentum, analysts caution about potential resistance and short-term pullbacks.Read More

The Bombay High Court has ordered social media platforms and domain registrars to remove fake accounts and websites impersonating the National Stock Exchange (NSE). The court granted interim relief to NSE, directing platforms like X and Google-owned YouTube to take down infringing content. This action aims to protect unsuspecting investors from fraudulent stock market guidance.Read More