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Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
Delhi steps up security for Diwali, deploys personnel across 15 districts
Security has been tightened extensively in Delhi to ensure safety during the Diwali celebrations. Police have deployed personnel at sensitive locations and crowded areas to maintain law and order. Special attention is being given to markets and public transport hubs to prevent any incidents. Residents are advised to stay vigilant and report any suspicious activities to the police. CCTV and surveillance systems are in place to monitor crowd movements effectively.
Indian student missing in Boston, police seek public help to trace 23-year-old
A 23-year-old Indian student named Sreeja Koya has gone missing in Boston, Massachusetts. She was last seen leaving her residence in Dorchester on November 2 around 9.45 pm. Koya moved to the US a year ago to pursue a master's degree at the University of Massachusetts Boston. Her family in Telangana is anxiously waiting for updates as the search continues.
Priyank Kharge accuses Centre of misleading public over ethanol blending, alleges violations
Karnataka Minister Priyank Kharge claimed the Central government is misleading citizens regarding ethanol blending in petrol. He referred to laboratory reports showing blending levels exceeding announced limits, which he stated benefit certain companies. Kharge highlighted discrepancies in government statements regarding ethanol blending being an experiment only. He also addressed rising prices attributed to the government's policies impacting essential services like public transport.
China's giant pandas make public debut at US zoo
Giant pandas Ping Ping and Fu Shuang have made their public debut at Zoo Atlanta after their arrival. The pandas were flown from Chengdu to Atlanta in September as part of a ten-year loan. Zoo Atlanta has renovated facilities to host the pandas, providing locally grown bamboo for their diet. The black-and-white mammals are considered vulnerable, with their population threatened by habitat loss and poaching.
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PSBs see up to Rs 30,000 crore in foreign inflows if investment cap raised to 49%
Public sector banks have told the government that raising the foreign investment cap to 49% from 20% could attract passive foreign inflows of Rs 30,000 crore or more. SBI alone could draw around Rs 20,000 crore as its weightage in the MSCI India index potentially rises, lenders have projected.
SC rejects plea for rules on appointment of ministers with criminal cases
The Supreme Court rejected a public interest litigation seeking guidelines for ministerial appointments facing criminal charges. The court noted that setting uniform standards could lead to issues like political vendetta. The bench emphasized the discretion exercised by prime ministers and chief ministers in appointing ministers. Previous judgments highlighted the importance of responsible decision-making regarding criminally charged individuals in these roles.
Let there be light, not fright or blight
As Diwali approaches, the environment often suffers as celebrations become synonymous with excessive noise and pollution. This article advocates for a transformation of traditions, urging a focus on illuminating homes with lights and joy rather than disturbing sounds. By promoting a quieter celebration, we can ensure everyone, including children and those with health issues, can partake in the festive cheer while preserving the festival's essence.
Travomint parent SNVA Traveltech files updated draft papers with Sebi for public offering
SNVA Traveltech, parent of online travel platform Travomint, has filed updated IPO papers with SEBI for an entirely offer-for-sale issue of 12.75 crore shares. FY26 revenue rose 58.1%, while net profit jumped 73.7% year-on-year.
'Ability, confidence, education, not minority identity': Family of Saba Haider on US poll victory
Saba Haider, an Illinois House representative, secured a significant victory in the recent elections. Her family in Uttar Pradesh celebrated the achievement, highlighting the importance of education and public service. Saba's journey included a gold medal in Wildlife Science from Aligarh Muslim University before moving to the US. She previously ran unsuccessfully for the DuPage County Board before winning her current position.
Govt lines up Rs 9,000 crore asset monetisation plan in FY28 to clear MTNL, BSNL liabilities
The Indian government is preparing an asset monetisation plan to address the liabilities of MTNL and BSNL. This plan is expected to generate Rs 9,000 crore in the next financial year. Government officials report that the liabilities of these telecom public sector undertakings are nearly Rs 50,000 crore. Additionally, several properties among the departments have been sorted for ownership clarity.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Anthropic may need to cut IPO ambitions as investors balk: report
Anthropic may have to accept a lower valuation than the $1.5 trillion it had been targeting for its stock market debut, after a sharp tech sell-off spooked key investors, the Wall Street Journal reported Thursday. The listing comes amid growing nervousness among investors about the huge sums being poured into AI. Three major investors who plan to take part in the offering told the Journal the valuation would likely need to be lowered, with one saying it could end up closer to $1 trillion.
Temple's most groundbreaking features are not public yet, Deepinder Goyal says as doctors question the product
Goyal said $20 million of the $30 million invested in building Temple came from his personal funds. He added that selling a few thousand devices would recover only a small part of the investment.
Two Iowa families donated adjoining properties totaling 21 acres for wildlife; the land was transferred to county conservation for public use
A heartwarming act in Pocahontas County, Iowa, sees neighbors John and Sally Pascal team up with Gail Ewan to donate land for a new 21-acre conservation area. Their contributions to the Iowa Natural Heritage Foundation are a testament to community spirit, ensuring the land remains untouched for wildlife and outdoor enjoyment. This initiative not only serves wildlife but also reinforces a legacy of conservation for the community's future.
Rising debt, non-bank finance may limit ECB policy flexibility, says Schnabel
Rising public debt and growing non-bank financial institutions could constrain the European Central Bank's ability to manage inflation, ECB board member Isabel Schnabel warned. She flagged risks from leveraged investors, market volatility and deteriorating public finances, urging stronger oversight of non-bank lenders and warning that financial stress could force central bank interventions, potentially undermining monetary policy independence and complicating economic stability.
Sitaram Denims India files IPO papers with Sebi
Sitaram Denims India Ltd plans to launch an initial public offering with two components. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds from the fresh issue will be used for various purposes including repayment of borrowings and working capital requirements. The company aims to set up a new garment manufacturing facility in Bhilwara to expand capacity.
Is Trump ignoring the midterm defeat? President showcases White House Ballroom in his public appearance post-midterms
Donald Trump returned to public view after the midterm elections, emphasizing the importance of the White House ballroom project. He praised the construction and indicated the project was nearing completion. During this visit, Trump addressed the media but largely avoided discussing the election results and their implications. He acknowledged a possible link between the Iran war and Republican losses but remained steadfast in his decisions.
UK government announces public interest investigation into Sky deal to takeover ITV's media arm
U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.
From 45 to 15 minutes: Forget crawling through Varanasi traffic, India's first public transport ropeway will take you above city's busy roads; watch viral video
A video of Varanasi's upcoming public transport ropeway has surfaced on Instagram, offering a glimpse of cabins travelling above the city's busy roads. The 4.2-km project, being developed at an estimated cost of Rs 645 crore, will connect Varanasi Cantt Railway Station to Godowlia Chowk through five stations and is expected to reduce travel time from around 45 minutes to 15–16 minutes.
Inside Park Hospitals' regional playbook: Why North India depth matters more than national reach
Park Hospitals is on an ambitious expansion journey, targeting around 6,600 beds by December 2028 across North India. Their strategy focuses on building hospitals in close proximity for better operational efficiency. The new Prayagraj initiative underscores a successful public-private partnership and illustrates their commitment to enhance healthcare capacity, ultimately improving patient care and resource management in the region.
Public spending must deliver results: Om Birla
Lok Sabha Speaker Om Birla highlighted the importance of public accounts committees in ensuring accountability for public expenditure. He stated that public money must be used responsibly and for its intended purposes. PAC chairman KC Venugopal expressed concerns over six state chief secretaries missing a crucial meeting.
Tamil Nadu has highest patents and research publication in 2024-25 in NITI Aayog’s India S&T Scoreboard
The NITI Aayog’s India Science and Technology (S&T) Scoreboard, launched on Tuesday, provides a comprehensive picture of India’s science and technology ecosystem through key indicators, including research and development expenditure, scientific publications, citations, patent applications and technological innovation.
Czech TV, radio workers strike against funding overhaul, warn of threat to independence
Czech public television and radio employees initiated a one-day strike to protest government funding cuts and proposed changes. The planned funding shifts have raised concerns over media independence and potential political influence. Public protests supporting the strike were organized, attracting backing from artists and students. Opposition parties warn that these proposals could undermine democratic media practices, similar to changes seen in Hungary.
National Conference MLAs suggest 10 corrective measures to CM Omar Abdullah for accountability within the party
Eighteen ruling National Conference MLAs have submitted a 10-point memorandum to Chief Minister Omar Abdullah, seeking corrective measures, a review of ministerial performance and the removal of his advisor Nasir Aslam Wani. The memorandum, prepared after a meeting of disgruntled MLAs on October 30, also seeks the removal of Deputy Chief Minister Surinder Choudhary from the Public Works portfolio.
Brevard County schools cancels classes after up to 10 inches of rain; Flood Watch in effect for Central Florida until 7 p.m.
Brevard public County schools closed: Up to 10 inches of rain flooded parts of Central Florida, prompting Brevard County Public Schools to cancel classes on Monday, November 2. With a flash flood warning and more rainfall expected, here's what residents need to know about school closures, affected areas and the latest weather alerts.
INDIA bloc says everyone united in protests, 'public impeachment' of CEC Gyanesh Kumar on Saturday
The opposition grouping announced that it had postponed its "public impeachment" of Kumar to Saturday due to rain on Friday. It invited common people, including the youth, women and students, besides members of civil society to participate in the protest march and public rally at Ramlila Maidan on Sunday.
Value of audit lies in its contribution to improved governance: CAG Sanjay Murthy
CAG K Sanjay Murthy highlighted the value of audit in governance and public financial management during a conference in Viet Nam. He discussed the role of Supreme Audit Institutions in adapting to changing governance environments, which included modernising audit methodologies. Murthy presented on digital transformation in public audit, sharing India's experience with technology in enhancing audit practices.
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