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BusinessPhoto: ET MarketsAnthropic reported a 1,100% increase in third-quarter revenue, reaching $17 billion ahead of its planned IPO this month. Despite this growth, the AI company disclosed a $23.3 billion net loss and nearly $895 billion in AI spending commitments, raising concerns about infrastructure costs and investor interest in the upcoming listing.
ET Markets·
WorldPhoto: NDTV BusinessA fire broke out at the HPCL facility in Visakhapatnam on Monday night, but no casualties were reported, according to police. Vizag Police Commissioner Shankabrata Baghci confirmed the incident and said the exact cause is still under investigation. Visuals showed a large fire and thick smoke lighting up the night sky over the port city.
NDTV Business··Visakhapatnam
SportsPhoto: News18 SportsIndia maintained their unbeaten streak in the Asian Champions Trophy by defeating South Korea 8-0 in Jalandhar. The five-time champions won all five round-robin matches, earning 15 points to lead the standings. Key scorers included Dilpreet Singh with two goals and others like Jugraj Singh and Harmanpreet Singh. India will face South Korea again in the semifinals in Mohali, while Japan and Malaysia contest the other semifinal.
News18 Sports··Jalandhar
WorldPhoto: Amar UjalaA fire broke out on Monday at the Hindustan Petroleum Corporation Limited refinery in Visakhapatnam, Andhra Pradesh, causing panic. A loud explosion was heard before the fire started in the sulfur pitch tank. Thick smoke was visible from afar, alarming nearby residents. Firefighters and HPCL's emergency team are working to control the blaze, which is currently contained to the sulfur pitch tank, preventing spread to other parts of the plant.
Amar Ujala··Visakhapatnam
PoliticsPhoto: Deccan HeraldIn Mysuru, the Karnataka government approved an Rs 8 per litre hike in milk prices from November 1 to protect dairy farmers from financial losses. Rs 7 goes directly to farmers, and Re 1 covers milk union expenses. Curds prices rose by Rs 14 per litre. The increase amid festive season triggered protests by BJP Mahila Morcha and others, citing impact on household budgets and nutrition.
Deccan Herald··Mysuru
PoliticsPhoto: News18Rajesh Kumar, a 1995-batch IPS officer of the AGMUT cadre, has been appointed as the new Director General of Police (DGP) of Arunachal Pradesh, replacing S.D. Singh Jamwal. The Appointments Committee of the Cabinet approved his premature repatriation from the CRPF to his parent AGMUT cadre. Kumar has extensive experience in law-and-order and security operations in militancy-affected Jammu and Kashmir.
News18·
ET Markets·
Photo: ET MarketsAnthropic reported a 1,100% increase in third-quarter revenue, reaching $17 billion ahead of its planned IPO this month. Despite this growth, the AI company disclosed a $23.3 billion net loss and nearly $895 billion in AI spending commitments, raising concerns about infrastructure costs and investor interest in the upcoming listing.
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