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BusinessPhoto: ET MarketsAnthropic plans an IPO in mid-November, reporting $16.3 billion in revenue but a net loss exceeding $80 billion this year. Valuation expert Aswath Damodaran cautions that IPO metrics can be volatile and influenced by market sentiment. Investors should look beyond venture capital valuations to understand Anthropic's evolving business model more clearly.
ET Markets·
PoliticsPhoto: Amar UjalaThe Parliamentary Finance Committee will investigate 46 economic issues ranging from cryptocurrency and artificial intelligence to pensions and GST. The committee aims to scrutinize these diverse topics to provide comprehensive oversight and recommendations on key financial and economic matters affecting the country.
Amar Ujala·
PoliticsPhoto: Times of IndiaSonia Gandhi joined the social media platform X to share personal memories and announced her upcoming memoir, Belonging: A Journey of Love. The book, releasing on November 10, recounts her life experiences, including her first meeting with Rajiv Gandhi in Cambridge, and explores themes of love and loss.
Times of India··Cambridge
SportsPhoto: HT WorldA bus carrying Salem High School football players, trainers, and coaches overturned in Rockdale County, Georgia, injuring at least 12 people. The bus had 27 occupants, including 17 players, seven trainers, two coaches, and one driver. One trainer was airlifted to hospital, while others were taken to medical facilities. The crash prompted a large emergency response with firefighters, paramedics, and medical helicopters.
HT World··Rockdale County
PoliticsPhoto: NDTVArchana Veeramani, daughter of jailed granite baron R Veeramani, was deboarded from a Singapore-bound flight at Chennai airport following an SIT alert. The SIT is probing financial transactions allegedly meant to shield Veeramani, who faces multiple POCSO cases and is linked to a 2004 minor's suicide. Authorities suspect Archana holds key information about these cover-up dealings.
NDTV··Chennai
PoliticsPhoto: Deccan HeraldJammu and Kashmir Chief Minister Omar Abdullah announced that the Council of Ministers will be expanded within the next two to three days. The names for induction have been finalized after consultations with National Conference President Farooq Abdullah. Omar requested party members to stop lobbying and said the expansion will be scheduled in the first few days of next week after meeting Lieutenant Governor Manoj Sinha.
Deccan Herald··Srinagar
ET Markets·
Photo: ET MarketsAnthropic plans an IPO in mid-November, reporting $16.3 billion in revenue but a net loss exceeding $80 billion this year. Valuation expert Aswath Damodaran cautions that IPO metrics can be volatile and influenced by market sentiment. Investors should look beyond venture capital valuations to understand Anthropic's evolving business model more clearly.
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