The Bank Nifty index surged to a record high, fueled by the RBI’s unexpected interest rate and CRR cuts, boosting banking and NBFC stocks. This rally propelled the Nifty to its highest closing in 2025, with mid-cap and large banks with high LDRs and tight LCRs poised to benefit significantly from the increased liquidity.
Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billion
Anthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI company also