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Anthropic IPO warns of US risk, Dario Amodei urges slowdown
Anthropic's IPO prospectus highlights potential risks from government attitudes, which could affect its relationships with customers and partners and impact its business.
Anant Ambani announces 1L/cr investment to transform Andhra Pradesh agriculture
Reliance Industries Executive Director Anant Ambani revealed plans to invest Rs 1 lakh crore in Andhra Pradesh, focusing on tech-driven farming and energy initiatives.
Bitcoin jumps 3.4% past $86,000 ahead of US jobs report
Bitcoin's dominance approaches 60% as traders shift from stablecoins to riskier assets, with bitcoin rising 3.4% to over $86,000 ahead of the U.S. jobs report.
Bajaj Finance board approves ₹17,500cr raise via QIP and warrants
Bajaj Finance's Board has approved raising up to Rs 17,500 crore through a Qualified Institutional Placement and a preferential issue of warrants, pending necessary approvals.
AI fuels surge in Wall Street hiring for agent orchestration
Job postings for "agent orchestration" surged by 1,721% this year, highlighting its emergence as a crucial skill in finance as banks integrate AI into various business operations.
Bitcoin climbs above $86,000 as ETFs drive investor demand
Bitcoin surpassed $86,000 on Friday, marking a third consecutive week of gains as strong institutional ETF flows bolstered demand and investors returned to risk assets.
FAO: Food price index reaches 136.0, highest since November 2022
Global food prices surged in September, reaching their highest level since November 2022, as El Niño and Black Sea trade disruptions drove up costs for key commodities.
China stops oil product exports, Asia faces fuel squeeze
China's recent halt on fuel exports beyond Hong Kong and Macau is tightening supply for major buyers like Singapore, Malaysia, and Australia, driving up regional fuel prices.
Shyam Metalics and Energy to invest ₹50,000cr in Chandrapur plant
Shyam Metalics and Energy has signed an agreement to invest 500 billion rupees in a greenfield steel complex in Chandrapur, Maharashtra, creating approximately 30,000 jobs.
Nike's market value has plunged $230B from its peak
Nike's shares crashed by a staggering 8.5% in after-hours trading on Thursday to $32.20. The fall was triggered by the company's disappointing fiscal first-quarter results and an even bleaker outlook for the future.
Google subsidiary Raiden Infotech approved for Visakhapatnam data center
The Andhra Pradesh Industrial Infrastructure Corporation informed the High Court that Google's data centre project in Visakhapatnam was approved after thorough evaluation.
Piyush Goyal pushes back over US 10% tariff in Milwaukee
Commerce Minister Piyush Goyal asserted that India lacks structural excess capacity and has taken steps to prohibit forced labour imports, urging compliance with WTO rules.
FAA to hold safety review over Boeing 737 MAX software
The US Federal Aviation Administration (FAA) will hold a safety review on Friday over a software issue affecting Boeing's 737 MAX aircraft.
Nuvama sees tier-two IT outpacing larger peers in Q2FY27
Tier-2 IT companies are expected to outperform larger players in Q2FY27, despite challenges from geopolitical tensions and Gen-AI, according to a Nuvama report.
Broadcom seeks $60B financing to support Anthropic, other AI firms
Broadcom Inc. is reportedly seeking $60 billion in new financing for artificial intelligence (AI) chips.
New Mexico seeks $40B penalty against Meta over privacy violations
New Mexico has demanded that a judge impose penalties of between $35 billion and $40 billion on Meta Platforms.
Nike plans Bengaluru campus by FY28 for Nike, Jordan, Converse
Nike Inc is set to open a new campus in Bengaluru by FY28, aiming to bolster its operations and serve athletes better in India, a key growth market and manufacturing hub.
Bitcoin briefly hits $86,885 as markets await US jobs data
Bitcoin briefly surpassed $86,885 on Friday, buoyed by anticipation of the U.S. jobs report, while maintaining a 1.5% daily gain and a 3% rise in October.
India gold at ₹145,538 per 10g as buyers rush
Lower gold prices are attracting physical buyers in key Asian markets, with increased demand in India and Singapore as the festive season approaches.
New Mexico seeks $40B from Meta after Cambridge Analytica verdict
New Mexico has requested a judge to order Meta Platforms to pay between $35 billion and $40 billion after a jury found the company misled consumers about data privacy on Facebook.
India tourism may lack about 11 million workers by 2035
India's tourism industry may face an 11 million worker shortage by 2035, as demand for trained professionals struggles to match the sector's rapid expansion, according to CBRE.
Bitcoin tops $85,000 as crypto market reaches $3.042 trillion
Bitcoin surged past $85,000 on Friday, driven by easing Treasury yields and a sharp short squeeze, as total crypto market capitalization reached $3.042 trillion.
Dhravya Shah left IIT Bombay for Silicon Valley startup Supermemory
Dhravya Shah, a former IIT Bombay student, founded Supermemory, an AI startup that raised $3 million after he moved to Silicon Valley and launched weekly tech projects.
US-India trade deal not 'imminent': US trade chief
The United States and India are still working on the details of a long-awaited trade agreement, US Trade Representative Jamieson Greer said on Thursday.
Bank of Baroda gets PFRDA nod to sponsor pension fund
The Pension Fund Regulatory and Development Authority has appointed Bank of Baroda as a pension fund sponsor, making it the second public sector bank in this business.
Piyush Goyal pushes trade talks with partners at G-20 Milwaukee
Commerce Minister Piyush Goyal met with trade ministers from France, Canada, Saudi Arabia, and South Korea to discuss enhancing bilateral trade ties and investment opportunities.
Musk warns Delta CEO over choosing Amazon's Leo over Starlink
Elon Musk has expressed his displeasure at Delta Air Lines for opting Amazon's Leo over SpaceX's Starlink for in-flight Wi-Fi.
Piyush Goyal seeks US interim deal, Canada partnership by 2026
India's Commerce Minister Piyush Goyal actively pursued multiple trade agreements at the G20 meeting, engaging with ministers from 10 countries and the European Union.
Microsoft's Office and Teams chief departs
Ryan Roslansky, the former CEO of LinkedIn and current head of Microsoft Office and Teams, is leaving the tech giant.
Hang Seng drops 3%, Asia's worst, after Beijing stimulus disappoints
Hong Kong's Hang Seng Index fell as much as 3% due to surging US Treasury yields and investor disappointment over China's latest stimulus measures.
Ford CEO Jim Farley: mechanics, electricians largely protected from AI
Ford CEO Jim Farley highlights that skilled trades jobs, requiring hands-on expertise, are less likely to be replaced by AI compared to routine white-collar roles.
Broadcom seeks $60B financing to fund AI chips for Anthropic
Broadcom Inc. is orchestrating a $60 billion financing effort to support AI chip production, benefiting companies like Anthropic as they expand their computing capabilities.
Who is Anup Bagchi, HDFC Bank's new CEO?
HDFC Bank, India's leading private lender, has appointed Anup Bagchi as its new Managing Director and Chief Executive Officer (CEO) for a three-year term.
Bank of Baroda incorporates pension fund subsidiary with ₹100cr capital
Bank of Baroda has launched a subsidiary, BoB Pension Fund Management Company Ltd, holding an 80.10% stake to expand into the pension fund business.
Economy and AI reshape India IT valuations and FY27 growth
BNP Paribas analyst Kumar Rakesh highlights the emergence of "AI winners and losers" in India's IT sector, as firms navigate AI-driven deflation and evolving revenue models.
Eli Lilly targets India top 5 market after Mounjaro launch
Eli Lilly anticipates India becoming one of its top five global markets, driven by expanding its obesity and diabetes portfolio and increasing local investments.
India's Nifty down 3.1% as markets hit 8th weekly loss
Indian markets have recorded their longest losing streak since 2001, with the Nifty falling 3.1% this week amid foreign investor selling and macroeconomic pressures.
US sec proposes crypto custody rules after Senate bill stalled
The SEC has proposed new rules to simplify how investment advisers and funds can hold cryptocurrencies, aiming to modernize outdated custody requirements.
FAA reviews 737 MAX software glitch, officials say low risk
The US Federal Aviation Administration will hold a safety review on Friday to assess a software issue affecting Boeing 737 MAX aircraft during go-arounds.
Lorie Logan warns of more hikes if inflation above 2%
Dallas Fed President Lorie Logan indicated that the Federal Reserve might need to raise interest rates by 50 basis points or more to achieve its 2 percent inflation target.
India's 10-year yield 7.21% amid oil and RBI rate talk
India's 10-year benchmark bond yield surged to 7.21%, its highest in two and a half years, driven by rising oil prices and anticipated central bank rate hikes.
NVIDIA-backed Firmus Grid prices A$11 IPO, aims for $5 billion
Firmus Grid Ltd., supported by Nvidia, has set its IPO price at A$11 per share, aiming to raise over $5 billion in one of Australia's largest-ever public offerings.
Global bond yields surge as US 10-year climbs to 5.34%
The global bond market faced intense selling pressure, pushing the US 10-year Treasury yield to 5.34%, its highest level since 2002, amid rising inflation concerns.
Oil prices rise amid China export pause and Mideast tensions
Oil prices increased marginally due to China's halt on fuel exports and heightened US military presence in the Middle East, creating concerns about potential global fuel shortages.
Sensex slips 571 to 71,910 amid 8th straight weekly loss
The Sensex fell by 571 points to 71,910, reaching a two-year low as foreign portfolio investors withdrew Rs 29,339 crore over four sessions.
Oil and US gas climb as 10-year Treasury yield rises
Despite the return of oil tankers through the Strait of Hormuz, bond yields remain high due to persistent market uncertainties and geopolitical tensions.
Elon Musk suggests Delta CEO Ed Bastian will lose job
Elon Musk has criticized Delta CEO Ed Bastian for choosing Amazon's Leo over SpaceX's Starlink for in-flight Wi-Fi, predicting Bastian "will lose his job" over the decision.
JSW Group to supply about 1,200 e-buses under PM-eBus Sewa
JSW Group has outbid Tata Motors and Ashok Leyland to win a contract for approximately 1,200 electric buses, marking a significant expansion in India's electric vehicle market.
New 0.02% UPI stock fee capped at ₹300 pressures brokerages
Indian brokerages are considering new charges and mandate-based payments to offset the impact of a 0.02% merchant discount rate on UPI transactions starting 15 October.
Kaiser Permanente cuts 147 business and administrative roles across California
Kaiser Permanente is cutting 147 non-frontline jobs statewide, affecting administrative roles from San Diego to Oakland, with terminations effective November 20.
Srinivasan and Singh oppose Noel Tata's merger into Tata Sons
Venu Srinivasan and Vijay Singh have contested Noel Tata's plan to merge two subsidiaries into Tata Sons, questioning its approval process and potential impact on avoiding an IPO.
Canada and India target $70B trade within 5 years
Canada aims to boost its bilateral trade with India from USD 30 billion to USD 70 billion within five years, according to Canadian International Trade Minister Maninder Sidhu.
Pavan Jain and Vivek Jain each plan ₹10,000cr INOX IPOs
INOX Group's next-generation leaders, Pavan and Vivek Jain, are spearheading separate ₹10,000 crore IPOs for INOX Air Products and INOX Clean Energy.
Anthropic launches Claude Corps fellowship paying $85,000 to nonprofit fellows
Anthropic's Claude Corps program offers 1,000 early-career professionals a $85,000 salary to apply AI in nonprofits. Apply by July 17 for the first cohort starting in October.
Amazon to refund part of $600 million after Supreme Court ruling
Amazon is issuing refunds to customers after receiving a $600 million tariff refund, targeting purchases made directly from Amazon during the tariff period.
Anthropic launches Claude Corps fellowship for 1,000 paid nonprofit roles
Anthropic's Claude Corps program offers $85,000 and benefits to 1,000 early-career professionals to apply AI in nonprofits. Apply by July 17 for the October cohort.
Anthropic announces Claude Corps fellowship for 1,000 early-career professionals
Anthropic's Claude Corps program offers 1,000 early-career professionals a $85,000 salary to apply AI in nonprofits; applications are due by July 17.
Upwork finds 109% rise in AI talent demand last year
Upwork's report reveals a 109% increase in demand for AI-related skills in 2025, indicating a shift towards integrating AI into workflows rather than replacing human workers.
Lisa Cook warns AI could complicate inflation control by 2027
Federal Reserve Governor Lisa Cook identifies AI-induced inflation as a significant risk for 2027, citing persistent supply shocks and geopolitical tensions as additional concerns.
Silicon Valley's Cognition and Factory AI dispute over Chris Degnan
Two rival AI companies, Cognition and Factory AI, are embroiled in a public dispute over employee Chris Degnan, prompting investor Vinod Khosla to intervene.
Slurrp Farm seeks fresh funding as angels review 4.2% stake
Slurrp Farm, valued at ₹827 crore, is exploring fresh fundraising opportunities as some existing investors consider exiting amid growing interest in the healthy snacking market.
ED arrests 2 men in ₹1,417.86cr Unique Exports scam
The Enforcement Directorate has arrested two individuals for their involvement in a ₹1,417.86-crore investment fraud linked to Unique Exports, affecting over 35,000 investors.
RBI tells banks to strengthen handling of recurring customer complaints
The Reserve Bank of India has instructed banks to enhance their systems to reduce recurring customer complaints and improve regulatory compliance.
Synopsys stock jumps 10% on $11.2B outlook, OpenAI AWS partnerships
Synopsys shares soared 10% after forecasting strong fiscal 2027 growth and announcing significant partnerships with OpenAI and Amazon Web Services, boosting investor confidence.
Vedanta to invest $200 million in Rajasthan oil recovery for 2026-27
Vedanta Oil and Gas plans to invest $200 million in 2026-27 to boost crude output from its mature Rajasthan fields using enhanced-recovery techniques.
SoftBank invests $30B in OpenAI, AI lab valued at $852B
SoftBank Group has finalized its $30 billion investment in OpenAI, marking the completion of its commitment to the AI lab's recent fundraising round.
Piyush Goyal meets Jamieson Greer as India US near deal
Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer discussed finalizing a mutually beneficial interim trade agreement between India and the US.
US stocks rise as yields cool and jobless claims fall
US stocks rebounded on Thursday as a global bond selloff reversed, lowering Treasury yields from multi-decade highs and easing pressure on equities.
Temasek to raise AI exposure up to 15% despite costs
Temasek's North America Head, Jane Atherton, expressed confidence in the sustainability of massive AI infrastructure investments despite global economic concerns.
IBM survey: CHROs prioritize judgment, critical thinking in AI era
IBM's chief talent officer, Aparna Nair, emphasizes critical thinking and judgment as essential skills for entry-level workers navigating the AI-driven workplace.
These BSNL plans now come with free insurance
Bharat Sanchar Nigam Limited (BSNL) has introduced free insurance benefits with two prepaid plans.
Oil prices surge over 2% as China halts fuel exports
Oil prices surged by over 2% on Thursday, with Brent crude crossing the $100 per barrel mark.
India's GST collections cross ₹2 lakh crore in September
India's gross Goods and Services Tax (GST) collection for September stood at ₹2,03,521 crore, a year-on-year increase of 14.7%.
Airtel Money sets IPO price, targets $7B valuation
Airtel Africa's mobile payments business, Airtel Money, has announced the price for its upcoming initial public offering (IPO) in London.
Nifty suffers longest losing streak in 25 years
India's benchmark index, the Nifty50, is on its longest losing streak in 25 years.
California bans AI from making layoff decisions
California has passed a groundbreaking law, the 'No Robo Bosses Act,' that prohibits employers from using artificial intelligence (AI) as the sole basis for firing or disciplining employees.
UPI crosses 800M daily transactions for first time
India's Unified Payments Interface (UPI) has hit a major milestone, processing 24.07 billion transactions worth ₹29.37 lakh crore in September.
Paramount names Ynon Kreiz co-CEO ahead of Warner merger
Paramount has announced the appointment of Ynon Kreiz as its new co-CEO, ahead of the completion of its $110 billion merger with Warner Bros. Discovery.
India's manufacturing sector rebounds in September
India's manufacturing sector witnessed a growth spurt in September, ending a three-month-long slowdown.
AI voice start-up ElevenLabs hits $22B valuation
AI voice start-up ElevenLabs has announced a major milestone in its growth journey. The company is letting employees cash out a part of their vested equity at a whopping $22 billion valuation.
Who is Anup Saha, Kotak Bank's new MD and CEO?
Kotak Mahindra Bank has announced the appointment of Anup Kumar Saha as its new Managing Director and Chief Executive Officer (CEO).
US stocks rise as softer inflation cools Fed hike fears
US stocks have witnessed a surge, reversing the September decline in the S&P 500 index.
Noel vs Srinivasan: What's happening at Tata Trusts?
Noel Tata, the chairman of Tata Trusts, and his son Neville have filed multiple caveats with the Maharashtra charity commissioner.
Moneyview lists at 62% premium: Should you hold or sell?
Moneyview, a prominent player in the financial technology sector, has made its debut on the National Stock Exchange(NSE) with a bang.
Gautam Adani overtakes Mukesh Ambani to become India's richest
Gautam Adani has reclaimed the title of India's richest person, according to Forbes' 2026 list.
Commercial LPG cylinders get costlier by up to ₹71.5
The price of the 19kg commercial LPG cylinder has been hiked from today. The increase varies across cities, with Delhi seeing a hike of ₹62.50, taking the total cost to ₹2,810.
Coca-Cola might file for $1B India IPO in December
Coca-Cola is said to be planning an initial public offering (IPO) of its Indian bottling unit, Hindustan Coca-Cola Beverages.
Why Hotmail founder Sabeer Bhatia wants 55% inheritance-tax in India
Sabeer Bhatia, the co-founder of Hotmail, has sparked a fresh debate over inheritance tax in India.
Why employee morale at Flipkart is down
Flipkart, the Walmart-owned e-commerce giant, is facing a major leadership crisis as several top executives have resigned in recent months.
FSSAI suspends license of Seven Seas Hospitality over hygiene violations
The Food Safety and Standards Authority of India (FSSAI) has suspended the license of Seven Seas Hospitality Pvt Ltd for serious hygiene and sanitation violations.
This IT services provider is planning $7B IPO in India
EQT AB-owned Virtusa is considering an initial public offering (IPO) in India, which could value the company at $7 billion.
DoorDash to create 3,000 jobs in India by 2028
Food delivery giant DoorDash has announced plans to create 3,000 jobs in India over the next two years.
OpenAI seeks $30B at $1.4T valuation ahead of IPO
OpenAI is reportedly in talks to raise at least $30 billion in a pre-IPO funding round.
This renewable energy firm has filed for ₹10,000cr IPO
Inox Clean Energy, part of the INOXGFL Group, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a ₹10,000 crore initial public offering (IPO).
Why Tesla has lined up credit backup worth $30B
Tesla has secured $30 billion in new credit lines to help scale its upcoming products, including the Cybercab robotaxi and Optimus robot.
China's manufacturing sector returns to growth in September
China's manufacturing sector has shown signs of recovery in September, according to an official survey.
Why Noel Tata is opposing Tata Sons listing
Noel Tata, who heads the charitable trusts that own 66% of Tata Sons, has voiced his opposition to the public listing of Tata Sons.
Apple Pay launched in India: How to use it
Apple has launched its payment service, Apple Pay, in India. The move marks the company's entry into one of the world's largest digital payments markets.
Festive travel bookings in India surge despite rising airfares
The festive travel season in India has kicked off on a high note, with online travel platforms witnessing a surge in bookings despite rising airfares.
Red Bull can use 'energy' on drink labels in India
The Delhi High Court has overturned a Food Safety and Standards Authority of India (FSSAI) order directing Red Bull India to remove the term "energy" from its drinks.
This 4-watch Rolex set just sold for nearly $50M
Four exclusive Rolex Oyster Perpetual Cosmograph Daytonas have been sold for a whopping $49.4 million (£37.3 million) at an auction in London.
Groww now lets you invest in US stocks
Groww, a leading Indian investment platform, has started rolling out its new feature for US stock investing.
Cement is about to become costlier in India
Cement companies are likely to raise prices by ₹5-20 per bag in October, a report by Centrum Broking has said.
AI could displace 11M US workers by 2035: McKinsey
A recent study from consulting firm McKinsey & Co. has revealed that artificial intelligence (AI) could displace around 11 million American workers by 2035.
This B2B jewelry manufacturer is planning ₹1,000cr IPO in India
Mumbai-based B2B jewelry manufacturer, Royal Chain, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) worth ₹1,000 crore.
Indian rupee breaches 96 mark against US dollar
The Indian rupee breached the psychological barrier of ₹96 per US dollar today. It is now hovering near a two-month low of ₹96.05.
Boeing's 737 MAX 10 aircraft won't be flying anytime soon
The Federal Aviation Administration (FAA) has decided to delay the certification of Boeing's long-awaited 737 MAX 10 aircraft.
AMD buys Fei-Fei Li's World Labs for $8.2B
Advanced Micro Devices (AMD) has announced its acquisition of World Labs, an artificial intelligence (AI) research lab co-founded by renowned scientist Dr. Fei-Fei Li.
Sensex plummets over 600 points, Nifty slips below 22,600 mark
The Indian stock market witnessed another downturn on Tuesday, with the Sensex plunging over 600 points and the Nifty slipping below the 22,600 mark.
India's Essar to build America's largest steel plant
India's Essar Group has announced plans to invest $18 billion in the United States, including a $15 billion steel plant in Iowa.
Anthropic's IPO filing reveals $42B loss, $518B AI spending
Anthropic, the AI start-up founded by former OpenAI researchers, has published an initial public offering (IPO) prospectus.
Why Apple and Amazon are facing legal trouble in UK
A UK tribunal has allowed parts of a consumer lawsuit against tech giants Apple and Amazon to proceed.
India's industrial output jumps 8% in August
India's Industrial Production Index (IIP) witnessed a significant jump of 8% in August, up from the 7.4% growth recorded in July.
Why India may be unable to export sugar in 2027
India could face a shortage of sugar for exports next year, owing to concerns over the 2027 crop.
India's gourmet food market to hit $24.5B by 2034
India's gourmet food market is expected to grow from $6.6 billion at present to $24.5 billion by 2034, according to the IMARC Group.
UAE to invest another $25B in India, says Piyush Goyal
The United Arab Emirates (UAE) has announced its plan to invest an additional $25 billion in India.
Meta launches new enterprise platform with MongoDB CEO at helm
Meta Platforms has hired CJ Desai, the former CEO of MongoDB, as its new Chief Enterprise Platform Officer.
Air India's new CEO sets safety, reliability as top priorities
Tewolde Gebremariam, the future Chief Executive Officer (CEO) and Managing Director (MD) of Air India, has identified safety and operational reliability as his top priorities.
Jio adds over 24 lakh subscribers in August
Reliance Jio has topped the chart of telecom operators by adding over 24 lakh mobile subscribers in August.
NSE shares fall below IPO price
Shares of NSE have slipped below their initial public offering (IPO) price on the third day of trading.
Jobless for months? Your EPF interest may become taxable
The Employees' Provident Fund (EPF) is a retirement savings scheme managed by the Employees' Provident Fund Organization (EPFO) under the Ministry of Labour and Employment.
Gold, silver ETFs tumble up to 3.6%
Gold and silver exchange-traded funds (ETFs) witnessed a sharp decline on Monday, mirroring a global sell-off in precious metals.
US-China tariff deal: What's in $30B trade package?
The United States and China have announced a $30 billion tariff deal, covering goods such as agricultural products, medical devices, and consumer goods.
Red Bull challenges FSSAI order to drop 'energy' from labels
Red Bull has challenged the Food Safety and Standards Authority of India (FSSAI) in the High Court over its order to remove the term "energy" from its drinks.
Moneyview IPO sees over 10x subscription on last day
Moneyview's initial public offering (IPO) has witnessed massive investor interest on its third and final day of bidding.
AI bubble burst could trigger US recession, Fitch warns
A sharp decline in equity markets and a slowdown in artificial intelligence (AI) investments could push the United States into recession, Fitch Ratings has warned.