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."
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.
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’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.
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.
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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