Berger Paints India reported a 23% drop in September quarter profit. Extended monsoon rains affected demand. Revenue saw a slight increase. The company expects demand to pick up after Diwali. Improved weather and pent-up demand are anticipated. Raw material prices are also expected to aid gross margins.Read More
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.Read More
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.Read More
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.Read More
Palantir Technologies shares dropped 6 percent on Tuesday. This occurred even after the company released a strong quarterly update and forecast. Demand for its data analytics services is rising due to AI adoption. Investor Michael Burry has placed bearish bets on Palantir. This has raised concerns about the AI and tech industry’s spending.Read More
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