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    Anthropic targets $90 billion IPO at $1.4 trillion valuation

    Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has reported a revenue run rate of $81 billion, showcasing significant growth in recent months. The IPO is scheduled to price on November 18 and begin trading the next day.

    Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus

    Nvidia's CEO Jensen Huang is facing scrutiny, impacting investor sentiment in the tech sector. Anthropic is preparing for a huge initial public offering, potentially raising $64.4 billion. The market is anxious about upcoming inflation data that could influence stock performance. Cooling oil prices have provided some optimism among investors and pushed Dow futures higher. Concerns over the sustainability of the AI boom continue to linger in the background.

    Traffic challan disposal dips to 17.8% in Jan-Oct, revenue falls by a third

    Only 17.8% of traffic challans were disposed of in the first ten months of 2026. The total fine issued was ₹16,903.93 crore, with only ₹2,824.38 crore collected. Poor enforcement practices have compromised safety, leading to more road accidents and pollution. Further delays in processing traffic violations have led to a backlog of cases. Recent Supreme Court directives aim to enhance enforcement against unpaid challans and related services.

    Shivakumar promises minority outreach meet, assures more support for Urdu Academy

    Chief Minister DK Shivakumar has announced a meeting next week with representatives of various minority communities. This meeting aims to address their concerns and discuss enhanced financial support for the Karnataka Urdu Academy. The Chief Minister emphasized the government's commitment to safeguarding the rights of minorities and fulfilling election manifesto commitments. Furthermore, he noted the cultural significance of Urdu in connecting diverse communities.

    TRAI sets port charge ceilings for IP-based interconnection, effective Jan 2027

    TRAI has capped annual charges for telecom IP interconnection ports at ₹5.6 lakh for 1 Gbps and ₹42.3 lakh for 10 Gbps, effective January 1, 2027. The ceilings apply across fixed-line, mobile and long-distance services, with operators free to negotiate lower rates.

    South Africa expands Electronic Travel Authorization to Indian travellers

    South Africa's Electronic Travel Authorization system now allows online visa applications for 53 countries including India. The new ETA system simplifies the visa process for eligible travellers and their families. Minors can now apply online, enhancing accessibility for younger visitors. The expansion aims to support tourism growth ahead of the ICC Cricket World Cup 2027. The transition from the eVisa system to ETA will be completed by December 1, 2026.

    The Economic Times
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