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State Bank of India reported a significant 10% year-on-year profit increase to 20,160 crore in the second quarter. This performance surpassed market expectations, driven by robust growth in retail, agriculture, and MSME advances. The bank also benefited from a profitable sale of its Yes Bank stake.
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News and Media
Bajaj Financial Securities has acquired a stake in customer data platform Lemnisk through a secondary transaction, offering partial exits to early investors like growX Ventures. The deal highlights the growing demand for real-time customer data platforms and AI-driven personalization among Indian enterprises. Investors maintain their stakes, underscoring continued confidence in Lemnisk's long-term potential.
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News and Media
Zerodha founder Nithin Kamath humorously acknowledged competitor Groww's IPO, noting a significant portion of applications came from Zerodha customers. Groww's IPO opened to a decent start, with the retail portion showing strong enthusiasm. Despite competition, both platforms are instrumental in simplifying investing for millions in India.
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News and Media
Getty Images largely lost its copyright lawsuit against Stability AI over its image generator. While Getty partially succeeded on trademark infringement, the court dismissed its secondary copyright infringement claim. The ruling's scope is considered limited due to evidence gaps regarding AI training data.
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News and Media
Global brokerage firm Bernstein has initiated coverage on Indias leading e-commerce platforms, Eternal and Swiggy, assigning an Outperform rating to both, with target prices of Rs 390 and Rs 570, respectively.
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News and Media
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