A 7,400 sq ft apartment at DLF The Camellias in Gurugram has been purchased by Berkshire Hathaway’s Ajit Jain. The vice-chairman overseeing insurance operations at Berkshire Hathaway, Ajit Jain, is regarded as one of Warren Buffett’s most trusted associates. The apartment has been bought for around Rs 85 crore, according to sources quoted in an ET report.Jain, who has spent most of his time living abroad, recently visited Delhi to complete the deal, the sources said. One person aware of the development said non-resident Indians account for more than 25% of DLF’s ultra-luxury housing portfolio, and Jain is among the most prominent buyers in this segment. The individual added that premium amenities offered at such developments are a major attraction for those who plan to spend only part of the year in India. Jain is widely considered one of the most influential Indian-origin business leaders in the United States.Property consultants noted that since the Covid period, ultra-high-net-worth individuals have increasingly favoured secure, gated condominium projects over independent bungalows, as such residences provide access to a wide range of on-site facilities.ET recently reported that an industrialist purchased four apartments at DLF’s new ultra-luxury project, The Dahlias, for close to Rs 380 crore, making it one of the country’s most expensive apartment transactions.In 2025, Gurugram saw the costliest property deal in the National Capital Region, overtaking Lutyens’ Delhi for the first time. Prices per square foot in the city have surpassed those in Mumbai and reached levels comparable with London and Dubai. Earlier, British entrepreneur Sukhpal Singh Ahluwalia had acquired an 11,416 sq ft apartment in the same project for Rs 100 crore.Info-x Software Technology, through its director Rishi Parti, had also purchased a 16,000 sq ft penthouse for Rs 190 crore.In October 2023, ET reported the first Rs 100-crore transaction at the same residential complex on Gurugram’s Golf Course Road.

US Wall Street’s main indices opened higher on Wednesday, recovering after recent volatility as investors weighed concerns surrounding the AI trade and uncertainty over tariffs ahead of Nvidia’s earnings later in the day (local time).The Dow Jones Industrial Average rose 183.1 points, or 0.37%, to 49,357.63 at the open. The S&P 500 gained 25.1 points, or 0.36%, to 6,915.15, while the Nasdaq Composite advanced 141.3 points, or 0.62%, to 23,005.008.Nvidia remains at the centre of the AI-driven market narrative, with its chips playing a pivotal role in the ongoing surge in artificial intelligence investments. The company has become one of the most influential stocks on Wall Street.Analysts are projecting another strong earnings performance, with Nvidia’s profit expected to jump nearly 70 per cent year-on-year to $37.52 billion. Such a result would translate into daily earnings exceeding $400 million during the three months through January 25.Nvidia’s earnings reports have increasingly served as a barometer for broader market trends, given the company’s size and AI’s outsized influence on equities. In recent years, enthusiasm around AI helped propel markets to repeated record highs, driven by expectations of productivity gains and improved corporate profitability.However, investor concerns have intensified over the sustainability of heavy AI-related spending. Market participants are closely watching whether major technology companies such as Alphabet and Amazon can generate sufficient returns on their substantial investments in AI infrastructure and chips. Any slowdown in capital expenditure could directly impact Nvidia.Investors have also begun reassessing sectors perceived as vulnerable to AI-led disruption, triggering sharp sell-offs across industries ranging from software to logistics and legal services.“While those concerns are real, we believe investors would be wise to balance them out with offsetting trends that may be underappreciated in the current wall of worry headline cycle,” said Darrell Cronk, Chief Investment Officer for Wealth & Investment Management at Wells Fargo.One such offsetting trend has been the steady growth in corporate earnings reported by large US companies, which has supported segments of the market previously overshadowed by AI-focused stocks, particularly smaller firms.Shares of Cava Group surged 18.6 per cent after the Mediterranean restaurant chain posted stronger-than-expected profit and revenue. The company also reported annual revenue exceeding $1 billion for the first time, marking a 22.5 per cent increase from a year earlier.Similarly, Axon Enterprise jumped 16.5 per cent following better-than-expected earnings, aided by demand for its Tasers, body cameras, and AI-powered solutions.The gains helped counterbalance weakness in First Solar, whose shares fell 14.2 per cent after reporting profit below market expectations.