Anthropic’s $1.4 trillion IPO The artificial intelligence (AI) boom is heading for another major test on Wall Street as Anthropic, the parent company of Claude, prepares for a mega IPO targeting a valuation of $1.4 trillion.Backed by technology giants such as Amazon, Google, Nvidia and AMD, the company has seen its valuation climb rapidly. Its…
The depots responsible for these trains will closely track cleanliness and maintenance. Long-distance train journeys can sometimes be cumbersome especially on account of cleanliness in trains. The Railway Board has recently prepared a plan to tighten supervision and intensify cleanliness measures on long-distance trains that take more than 40 hours to complete their journeys.Officials have…
Indian customs authorities are holding dozens of containers of bulk Scotch whisky imported by Pernod Ricard and Diageo as investigators insist that the shipments attract a 150% import duty, despite assurances from the commerce ministry that the lower tariff under the India-UK trade pact would be honoured.The dispute centres on whether bulk Scotch concentrates used…
Just a couple of weeks after Google released its Gemini 4 Argon frontier artificial intelligence (AI) model for consumers and enterprises, they have the successor ready. The Gemini 4 Carbon, the company says, is its strongest model yet, with state-of-the-art cybersecurity and long-horizon capabilities. After a sustained period of testing, as has become the norm…
India’s fixed broadband space has unmistakable momentum, led by Bharti Airtel, Reliance Jio and BSNL, heading into 2027. The latest Telecom Regulatory Authority of India (TRAI) data estimates there were 48.6 million fixed wired broadband subscriptions and 19.3 million fixed wireless access (FWA) subscriptions at the end of August 2026, a growth of 10% year-on-year….
Benchmarks extended their winning run after a sharp weekly rally, with buying in blue-chip banking and financial stocks and a correction in crude oil prices supporting the gains. BSE Sensex had surged 6,568.49 points, or 8.82%, in the previous week, while NSE Nifty advanced 1,977.25 points, or 8.57%. In the subsequent session on Monday, the…
Mother Dairy raises prices NEW DELHI: Milk consumers in Delhi-NCR will have to pay more for their daily supply, with Mother Dairy increasing prices of its liquid milk variants by Rs 2-4 per litre from Thursday, November 12. The revision comes after an increase in the procurement prices paid to farmers, which has pushed up…
Wall Street’s top enforcer obtained penalties last year totaling $1.1 billion, the lowest tally in nearly two decades. SEC headquarters in Washington, D.C. The Securities and Exchange Commission’s numbers, released Tuesday, underscore the pullback in securities enforcement under the Trump administration, which has pursued a deregulatory agenda and given priority to making it easier for…
The Indian shares opened higher on Wednesday, November 11, after remaining closed on Tuesday in light of Diwali festivities. The BSE Sensex opened at 82,248.68 gaining 1142.03 points or 1.41%, while the Nifty 50 started the session at 25,337.80 gaining 293.15 points or 1.17%. The BSE Sensex closed at 81,106.65 on November 9, while the…
For hedge funds November, with its post-election market swings and the Jensen Huang affair, has so far been bruising. October, though, was brutal: many funds had their worst month since the covid-19 pandemic began, according to JPMorgan Chase, America’s biggest bank. A wobble in markets’ enthusiasm for artificial intelligence forced a sell-off of technology stocks….
