Industry peer SIS has steadily increased its open-market holding in Updater Services to 8.19%. The move comes even as UDS saw FY26 margin compression, with Q3 dipping to 2.7% and net profit falling year on year. UDS has nonetheless generated strong operating and free cash flow, and posted a three-year profit CAGR of 35.3%. The accumulation has drawn attention because a competitor may be signaling it sees signs of a bottoming in profitability.

Li Lu’s Himalaya Capital Management disclosed in its 2026 second-quarter 13F filing that it lifted its stake in PDD Holdings (PDD) by 133.5%, adding 6.15 million shares at an average price of $92.32. The position rose to 22.17% of the fund’s U.S. equity portfolio, making PDD its third-largest holding. PDD shares traded between $73.30 and $104.79 during the quarter. Charlie Munger previously praised Li Lu’s investment returns as extraordinary.

Berkshire Hathaway significantly increased its Alphabet position in the second quarter, lifting the investment to $36.6 billion and making it the company’s third-largest publicly traded holding. The conglomerate bought nearly $19.8 billion in publicly traded stocks during the quarter, including $10 billion of Alphabet shares purchased at a discount directly from the company. It also added around 20 million more Alphabet Class A and Class C shares. GEICO, Berkshire’s insurance unit, pays Google about $10 or $11 per click for advertising.

Anthropic raised $65 billion in Series H funding at the end of May, valuing the company at $965 billion, after earlier rounds included $15 billion from hyperscalers including $5 billion from Amazon. The Claude developer said its revenue crossed $47 billion in May as demand for advanced AI models surged. Investors expect annualized sales could reach $100 billion to $120 billion by the end of 2026, according to Yahoo Finance. Some in the market are looking toward an IPO valuation of $2 trillion, while deVere Group’s Nigel Green said investors are placing that bet in an already nervous environment.

VA Tech Wabag reported a 37% year-on-year rise in net profit for the quarter ended June. Consolidated revenue grew 21% YoY to Rs 886.8 crore, while EBITDA increased 22% to Rs 116.3 crore. The company booked new orders worth Rs 3,400 crore during the quarter, taking its order book to Rs 19,400 crore. Shares on the NSE fell more than 2% to close at Rs 1,903.60 on Wednesday.

The S&P 500 rose above 7,700 for the first time, reaching 7,735.17 and gaining 1.77% on the day, with the combined market value of its constituents topping $70 trillion. Palantir jumped 26% after again raising its full-year revenue forecast. Caterpillar advanced 5.8% after lifting its revenue growth outlook on demand tied to AI data-centre construction. The Philadelphia Semiconductor Index (SOX) climbed nearly 5.8%, while crude oil fell below $80.

Pidilite Industries reported a 30% year-on-year increase in net profit for Q1FY26. Revenue from operations rose 21.27% to Rs 4,551.55 crore, while EBITDA climbed 26.9% to Rs 1,194 crore and the EBITDA margin improved to 26.3%. The Consumer & Bazaar business posted 22.5% revenue growth with underlying volume growth (UVG) of 12.2%, and the Business-to-Business segment recorded 16% revenue growth with UVG of 7.3%.

Divi’s Labs reported Q1 results for the period through June 2026, with revenue of Rs 3080 crore, up 28% year on year. EBITDA rose 72% to Rs 1255 crore and net profit climbed 66% to Rs 900 crore, all well ahead of Jefferies’ expectations. EBITDA margin moved above 40% to the highest level in nearly four years, while gross margin reached 68%, close to its peak.

Vedanta Aluminium will turn ex-dividend on August 5 for its first interim dividend of Rs 8 per share. For the April–June quarter, the company posted a 216% year-on-year jump in net profit to Rs 5,629 crore. Revenue from operations rose 46% to Rs 21,393 crore, while EBITDA climbed 134% to Rs 10,499 crore and the EBITDA margin improved to 50%.