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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.

Groww says direct mutual funds remain core offering amid confusion over MF Prime
The investment platform clarified that its new MF Prime service is an optional offering for investors seeking research-backed guidance and does not replace its zero-commission direct mutual fund platform.
Groww responds to Nithin Kamath tweet: Direct mutual funds remain free for DIY investors
Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its commitment to zero-commission offerings for these investors. This clarification follows recent discussions regarding mutual fund offerings in the market.
Zerodha will keep direct mutual fund plans for free, says Nithin Kamath
Zerodha founder Nithin Kamath reaffirmed the company’s commitment to offering direct mutual funds free of charge. He said Coin has helped investors save commissions, while many rival platforms have exited or reconsidered the low-cost direct mutual fund business model.
TCS Q1 PAT down 2.7% QoQ at Rs 13,349 cr; board declares Rs 12 interim dividend
Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26.
TCS clocks PAT of Rs 13,349 crore in Q1; board declares Rs 12 interim dividend
Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 13,349 crore for the quarter ended 30 June 2026 (Q1 FY27), down 2.7% from Rs 13,718 crore in Q4 FY26.

TCS Q1 Results: AI Greenshoots, In-Line Profit And Lukewarm Dividend — Key Hits & Misses
TCS Q1FY27 Earnings Highlights.

'Disappeared Or Pivoted': Nithin Kamath Takes Swipe As Groww Shifts To Regular MFs
Kamath defends direct MFs as Groww expands into regular mutual fund offerings.

One nation, one KYC could unlock the next phase of mutual fund growth, says SBI Funds
DP Singh, Joint CEO and RS Srinivas Jain, Executive President & Chief of Strategy at SBI Funds Management discuss how simpler onboarding could bring millions of new investors into mutual funds, the huge growth opportunity within SBI's customer base, rising SIP inflows, the shift towards higher-margin active equity funds, and the company's long-term growth outlook.

TCS declares ₹12 interim dividend; record date fixed for July 15
Shares of Tata Consultancy Services Ltd ended at ₹2,047.75, down by ₹0.52, or 10.80%, on the BSE.
TCS announces interim dividend of Rs 12 per share. Check record date
Tata Consultancy Services announced an interim dividend of Rs 12 per share for shareholders. The IT major reported a 5% year-on-year profit increase for the first quarter. Its revenue from operations also saw a significant 14% rise during the same period.

TCS Q1 Results: Earnings meet expectations with deal wins at $9.5 billion
TCS has also declared an interim dividend of ₹12 per share along with its results and the record date for that has been fixed as July 15. The dividend payout will be credited to shareholders on or before July 31.