Bajaj Finance and its holding company Bajaj Finserv, trading higher by 2.6% and 1.3%, respectively, were among the top gainers in India's benchmark Nifty 50 index, which was up 0.6% as of 10:33 a.m. IST. At least 12 analysts raised their target prices for Bajaj Finance after the results, with the median price target rising to 8,500 rupees from 8,110 a month ago, according to data compiled by LSEG. The performance has set the company up for strong earnings growth in 2025-2026, Morgan Stanley analysts said in a note, which makes the lender an "interesting large-cap in a tough market."
Meta Platforms unveiled plans to make artificial intelligence more personalized this year, and Microsoft predicted “exponentially more demand” for AI products. The tech giants on Wednesday talked up their AI strategies and said they are sticking with ambitious investments in the technology despite the investor panic this week over the rise of DeepSeek. Microsoft Chief Executive Satya Nadella and Meta CEO Mark Zuckerberg said in earnings calls that DeepSeek had made real innovations.
A complaint filed in January 2024 alleged that Binance, Changpeng Zhao, Iran and Syria provided “substantial assistance” that contributed to Hamas’ October 2023 attacks on Israel.