Stocks

AKG Exim Ltd. promoter Kalapi Vinit Nagada pledged 38 lakh shares, or 11.96% of the company’s total equity, to ESAAR (India) on July 9, 2026. Before the pledge, he held 13.09% with no encumbrance; after the pledge, 1.13% of total equity remains unencumbered. The company reported a decline in operational income and net profit for FY2026.

Global equities rose following lower-than-expected U.S. inflation data and strong earnings from banks, while oil prices increased due to U.S.-Iran tensions. Despite market gains, IBM shares fell, impacting the S&P 500. The U.S. dollar weakened post-inflation data. U.S. Treasury yields varied, and gold prices saw an uptick.

Schmid Group raised its full-year 2026 order-intake guidance to €125 million–€130 million from about €114 million, citing stronger order momentum. The company reported €30.7 million in new orders in Q2 2026, bringing year-to-date order intake to €81.6 million, with a quarter-end backlog of €54.8 million. Schmid kept its FY2026 revenue target of more than €100 million and EBITDA margin guidance above 12%. Shares rose 7.59% in after-hours trading to $4.86, according to Benzinga Pro.

Yasho Industries’ FY2025-26 annual report shows profit after tax of ₹2,526 lakhs, up 312.74% year on year, while revenue increased 22.85%. EBITDA rose 20.98%, and net profit margin improved to 3.04% from 0.90%. The company also secured a 15-year lubricant additives supply agreement with a global multinational, with customer advances of ₹51.40 Crore. It expects the contract to contribute annual revenue of around ₹150 Crore from FY2027-28 onward.

Hepsiburada said it will hold an extraordinary general assembly on Aug. 14, 2026 to vote on a capital increase totaling TRY 9,321,419,250. The plan involves issuing 433,269,084 new shares, lifting nominal share capital from TRY 72,368,116.80 to TRY 86,653,816.80, while keeping the nominal value at TRY 0.20 per share. The Bank of New York Mellon’s preemptive rights would be disapplied in connection with the increase under Article 461/2 of the TCC.

GE Vernova, Lam Research and United Airlines are some of the stocks that could reward investors this earnings season, according to Morgan Stanley.

IBM sent an urgent letter to shareholders eight days before its earnings release, acknowledging a quarterly performance shortfall driven by customers reallocating capital spending toward AI hardware such as servers, storage, and memory, while cybersecurity issues also distracted clients. The disclosure has reignited analyst concerns about a “SaaSpocalypse,” with enterprise software budgets facing broader pressure as AI investment rises. The note also flagged that Palantir and ServiceNow (ONUS) could face similar headwinds.

IBM issued preliminary Q2 results showing revenue of $17 billion, below analyst estimates, as clients shifted spending and large deals failed to close.

IBM’s results highlight how AI adoption, mega-cap IPOs and passive capital flows are reshaping companies and investment strategies.

IBM has announced a substantial earnings hit due to a shift in corporate spending from software to data-center infrastructure, exacerbated by AI's growing presence. With a 25% drop in shares and businesses diverting funds to secure limited resources, IBM faces challenges in its mainframe and software sectors.