PUBLIC STOCKHOLDING
Rice stocks diverted for ethanol come under WTO scanner
Canada has raised concerns at the WTO about India's diversion of publicly-held rice stocks for ethanol production. This inquiry follows similar questions from the US regarding the implications for food security and trade rules. Canada seeks specific details about the quantities of rice diverted since 2020 and the sale prices to distilleries. The WTO's Committee on Agriculture will discuss these questions later this month.
TSMC to invest up to USD 1 billion in Anthropic, OpenAI
Taiwan Semiconductor Manufacturing Company (TSMC) has approved investments of up to USD 1 billion in two major Artificial Intelligence companies, Anthropic and OpenAI, as the world's largest dedicated semiconductor foundry expands its strategic presence in the technology ecosystem.
Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%
The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales.
When is Anthropic IPO? Tom Brown leads seven co-founders with $24 billion stake as founders pledge 80% of their wealth but could still retain control
Anthropic IPO: AI giant Anthropic filed for an IPO on Monday and is reportedly aiming to go public by the end of November. Anthropic’s IPO could make its seven co-founders billionaires, with Tom Brown holding the largest stake. The founders have pledged to give away 80% of their personal equity to charity but could retain control.
Anthropic to commit 5% of its shares worth billions for public benefit. Who will gain from the money?
Anthropic plans to commit 5% of its shares to a new public benefit fund that could be worth billions of dollars as the AI company grows. The fund may support nonprofits, people affected by AI-driven job disruption and other public interest initiatives. The company’s board could approve additional share allocations as its valuation rises.
Ahead of massive IPOs, AI companies are sketching plans to share their wealth
On Sunday, Anthropic said it would commit 5% of its shares to the Anthropic Public Benefit Fund, a new entity within the company, pending approval from stockholders. The stake could increase "as the company grows" in the future. The maker of AI assistant Claude said the fund "might explore" larger donations to traditional nonprofits or potentially distribute money to "specific populations."
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Anthropic’s new fund could help address AI’s impact on jobs and workers
Anthropic has unveiled the Anthropic Public Benefit Fund, which focuses on ensuring job stability amid the rise of AI technology. The firm commits to allocating 5% of its shares to this initiative, with potential additional contributions during value growth. Furthermore, Anthropic has already dedicated $200 million to research AI's impact on jobs.
Albertsons demands $8 billion from Kroger after $24.6 billion mega-merger collapses - Here's why the grocery giants are fighting
Albertsons has taken a bold step by suing Kroger for nearly $8 billion following a failed merger attempt. The lawsuit accuses Kroger of failing to uphold its contractual obligations concerning regulatory matters, causing substantial financial losses to investors. With a trial date established for October 19 in Delaware, Kroger is firmly countering these accusations, insisting that Albertsons is not entitled to any damages.
Piyush Goyal, US trade envoy Greer discuss early conclusion of India-US interim trade deal
Commerce Minister Piyush Goyal held a “productive discussion” with US Trade Representative Jamieson Greer on early conclusion of a mutually beneficial interim trade agreement between India and the US. The meeting came alongside PM Narendra Modi’s conversation with President Donald Trump and Goyal’s participation in the G20 trade ministers’ meeting.
Anthropic leaders to control AI lab via 'Founder LLC' to promote public good over market forces
Anthropic has long positioned itself as the virtuous AI company. An early look at its IPO filing shows how it is creating a new "Founder LLC" vehicle aimed at serving the common good, while insulating its leaders from market forces.
Kevin Durant started with a $100,000 investment in this AI startup eight years ago; Nvidia’s $12.9 billion deal could make his stake worth $60 million
Kevin Durant placed a $250,000 investment in Hugging Face during its inaugural funding phase, setting the stage for impressive returns. As Nvidia eyes a purchase of Hugging Face for about $12.93 billion, Durant's investment via Thirty Five Ventures could yield profits surpassing $60 million.
Jennifer Garner joined Once Upon a Farm in 2017; 9 years later, her 7% stake was worth about $64 million after its $724 million IPO
Jennifer Garner ventured into the food industry by being a co-founder of Once Upon a Farm in 2017. The company made waves in February 2026 with its initial public offering, where Garner's investment was initially valued at about $64 million. By August 2026, her stakes had decreased to around $55 million amid ongoing trading on the New York Stock Exchange.
US seeks details of India's rice stocks used for Ethanol output
The United States has sought details from India on the use of rice for ethanol production. Washington has alleged that India’s rice stocks exceed food security requirements, affecting global trade. India’s price support policies have also been cited as contributing to higher domestic rice supplies. The World Trade Organization is expected to discuss these concerns later this month. India’s allocation of rice for ethanol production has reportedly increased significantly.
Tuesday Motivation by Steve Jobs: 'The heaviness of being successful was replaced by the lightness of...' - Why embracing a fresh start can make you more confident
Embracing the spirit of a novice, Steve Jobs found liberation in exploring uncharted territory. Co-founding Apple, he imagined a world where elegant technology was accessible to all. After facing adversity, his investment in Pixar paved the way for a triumphant return to Apple, where he introduced game-changing products. The iPhone seamlessly blended telecommunication with the internet, altering the fabric of everyday existence.
India urges WTO to act on past ministerial mandates as delay may worsen hunger crisis
India urges WTO members to promptly address pending ministerial mandates. Delaying decisions on public stockholding and special safeguard mechanisms could worsen global hunger. India highlights the need for fair agricultural support. Current rules favor developed nations. Developing countries struggle to provide minimal support. The 14th Ministerial Conference will be held in Cameroon in 2026.
WTO MC13 ends without public stockholding, fish sops decision
The 13th Ministerial Conference of the World Trade Organization (WTO) in Abu Dhabi concluded without a decision on a permanent solution for public stockholding of food. The conference also failed to reach a consensus on fishery subsidies. However, the WTO extended the moratorium on e-commerce transmissions by two years. Despite efforts to resolve differences on agriculture, fisheries subsidies, and other issues, countries like India, the US, and the EU could not find common ground.
WTOs 5th day meet: Talks on to break impasse over agriculture, fisheries issues
The 13th ministerial conference of the WTO continues with discussions on key issues including agriculture, fisheries subsidies, and duty moratorium on e-commerce trade. India emphasizes finding solutions for public stockholding of grains and market access for agri commodities. DG Okonjo-Iweala urges members to reach meaningful agreements."
India won't allow blocking of food security talks at WTO
The text circulated on January 29 includes all elements, but the divergent views of the US and EU need to be considered. The US wants market access reforms, while the EU opposes any changes in market access.
India’s WTO stance: Permanent solution for food security first, other agri issues later
New Delhi’s stand comes after the US sought more time to come up with a solution and said that only PSH can’t be a part of the agriculture package at MC13 and want discussions on issues like providing information on export restrictions at least 30 days prior to the notification, which is not feasible.
Despite India push, US avoiding talks on food security measures
At a WTO agriculture negotiations meeting held on Tuesday, the US said a permanent solution for public stockholding, which includes subsidised procurement, is not possible even as India insisted that it has to be dealt with separately on a fast track as per the existing mandates and has to be delivered at MC13.
No new issue in agri till permanent solution on public stockholding: India at a WTO meet
In a WTO meeting, Piyush Goyal put forward New Delhi's approach to the issue saying that public procurement and stockholding of food grains serve the twin objectives of food security and income support to marginal farmers. The 19-member Cairns group, which includes agri-exporting nations, lobbies for agricultural trade liberalisation. It was formed in 1986 in Cairns, Australia.
India, 20 others to talk agriculture subsidies at WTO tomorrow
Around 80 WTO members opposed this proposal by the Cairns Group, which has 19 members including Argentina, Australia, Brazil and Canada. Last month, the European Union had shown willingness to negotiate the public stockholding issue with India. The move was seen as a significant breakthrough on the issue which has been deadlocked for the past 10 years.
'No proof our wheat exports harming others'
India has defended its wheat exports at a meeting of the World Trade Organization (WTO), stating that there is no evidence of harm to food security or trade distortion. The country called for a food security package at the WTO's 13th Ministerial Conference, emphasizing the need for a solution on public stockholding. India's request has gained support from around 80 countries, including China and South Africa. The European Union has also expressed its support for finding a permanent solution to the public stockholding issue.
European Union ready to talk food stock policy at WTO
The European Union has expressed its willingness to negotiate on global trade norms regarding the purchase, stockpiling, and distribution of food to ensure food security. This is seen as a breakthrough as India and 80 other countries have been calling for a deal on food security, arguing that current rules do not adequately address market failures such as food hoarding and market speculation. The EU has shown a willingness to negotiate the issue of public stockholding with India, which has proposed a permanent solution that considers inflation and recent reference prices.
India urges WTO members to start text-based talks on finding permanent solution to public food stockholding
India has called for text-based negotiations to find a permanent solution to the issue of public stockholding for food security at the World Trade Organization (WTO). The European Union (EU) has expressed readiness for talks on the matter. The issue was discussed at an agriculture negotiations meeting in Geneva, where the EU responded positively to the chair's suggestions regarding safeguards and anti-circumvention measures. India emphasized the importance of discussing external reference prices and recalculating subsidy limits.
UK, US oppose extending WTO food subsidy clause
“India said that the strongest evidence supporting the necessity of public stockholding was in its own actions during the pandemic, when it mobilised its food stocks and provided food to 80 million people in 18 months’ span,” said a Geneva-based official.
US’ stance on permanent solution threat to success of WTO meet: India
US stated categorically that they cannot agree to any permanent solution on the public stockholding issue at MC11.
India may face pressure to open up ecommerce
Commerce and industry minister Suresh Prabhu will represent India at the meet whose outcome would define the broad contours for the December meet.
WTO talks: Disappointed on Doha issues, says Nirmala Sitharaman
The declaration circulated on Saturday after hectic discussions reflects the divisions amongst the WTO membership on the issue of the reaffirmation of the Doha mandate.
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