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.
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.
A study identifies 22 debt-free small-cap companies with rising FII stakes and solid FY25 profits above 100 crore. CarTrade Tech, FIEM, eClerx, Swaraj Engines, and NBCC (India) lead gains with up to 103% returns.
The US economy is surprisingly strong, with significant corporate spending projected. In contrast, global investors are cautious about India, underweighting its market due to an earnings slowdown. However, a turnaround is anticipated with expected rate cuts, GST reductions, and PSU pay hikes. Improved corporate earnings are seen as the key to attracting foreign investment back to India.
Groww launches its IPO today, aiming to raise Rs 6,632 crore. The investment platform, a market leader in India, faces regulatory challenges, particularly concerning futures and options trading, which has historically driven its growth. Despite these headwinds, Groww is diversifying its offerings to ensure continued expansion.
Mutual funds increased stakes in 51 firms reporting over 25% YoY profit growth in Q2 FY25. Top performers like Navin Fluorine, Laurus Labs, and TVS Motor delivered 2585% gains.
Foreign investors reduced their stakes in Indian consumer stocks during the September quarter, despite a consumption tax cut aimed at boosting spending. While retail sales saw an 8.5% increase during the festival season, economists caution that pent-up demand and ongoing economic headwinds like slow income growth may temper the outlook.
