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Business

Anthropic Reports $42 Billion Loss and AI Risks Before IPO

Anthropic's IPO prospectus reveals a net loss of $42 billion projected for 2025, reflecting the high costs of scaling AI technology. Despite this, the company reported a 12-fold revenue increase to nearly $4.6 billion, though operating losses exceeded $8 billion. CEO Dario Amodei urges caution in AI deployment amid competitive pressures. Anthropic targets a valuation over $2 trillion in its upcoming IPO.

Times of India·1d ago

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Business

Nifty Shorts Reach Six-Month High Amid Worst September in 25 Years

Nifty’s September derivatives series saw a 6.7% decline, marking the worst performance in 25 years. Foreign investors sharply increased bearish bets, pushing FII index shorts to a six-month high. Despite this, stock-futures exposure stayed net long. With Nifty near key long-term support and weakening market breadth, analysts recommend exercising extra caution.

ET Markets·31m ago

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Business

EQT-Owned Virtusa Plans $7 Billion IPO in India

Virtusa Corp., an IT services company owned by EQT AB, is consulting Indian investment banks for an initial public offering (IPO) in India. The IPO could value Virtusa at around $7 billion (approximately ₹67,000 crore), according to sources familiar with the matter.

Mint Markets·44m ago

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Entertainment

Sushant Singh Rajput's Hit Film 'MS Dhoni' Released on September 30

On September 30, 2016, Bollywood witnessed the release of 'MS Dhoni: The Untold Story,' a sports biopic starring Sushant Singh Rajput. Made on a budget of 104 crore INR, the film faced initial doubts but became a box office blockbuster. Sushant's remarkable performance, thrilling helicopter shots, and cricket excitement transformed theaters into stadium-like experiences, setting impressive records.

News18Hi Entertainment·46m ago

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Business

Nifty's Seven-Week Decline May Lead to Relief Rally

The Nifty 50 index has declined for seven consecutive weeks, a rare streak that historically has often been followed by a relief rally. Data from Samco Securities shows that in three of four previous seven-week losing streaks, the index rebounded over the next six weeks. However, the current 5.82% drop is less severe than past declines, making a durable market reversal uncertain. Analysts say a sustained recovery with higher highs and lows will be key.

Mint Markets·34m ago

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Sports

Lovlina Borgohain Reaches Asian Games 2026 Boxing Final

At the Asian Games 2026, Olympic medalist Lovlina Borgohain secured her place in the 75kg boxing final with a 3-2 win over Kazakh world champion Natalya Bogdanova. She is the first Indian woman boxer to reach consecutive Asian Games finals, guaranteeing at least a silver medal. Meanwhile, debutant Priya Ghanghas earned a bronze after losing in the 60kg semifinal. India improved its boxing medal tally to six this edition.

Hindu Sport·35m ago

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