Artificial intelligence company Anthropic has taken a major step towards a public market debut, announcing that it has confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO), AP reported.The company said the filing gives it the option to go public after the SEC completes its review…
Oval Fertility founders Veena Reddy and Dr Brian Levine Hyderabad: In an expansion of its presence in the healthcare space, GVK Group has forayed into the fertility care segment with Oval Fertility, a venture co-founded by GVK scion Keshav Reddy’s wife Veena Reddy and US-based IVF specialist Dr Brian Levine.The venture, backed by the GVK…
The rupee snapped its previous session’s rally and fell 34 paise to close at 95.19 against the US dollar on Monday, weighed down by renewed geopolitical tensions involving the US and Iran, a sharp rise in crude oil prices and a stronger greenback, PTI reported.The domestic currency opened at 94.93 in the interbank foreign exchange…
US stocks traded near record levels on Monday despite a fresh rise in oil prices following renewed tensions around the fragile US-Iran ceasefire, as gains in technology heavyweights led by Nvidia helped keep investor sentiment resilient.The S&P 500 was little changed from the all-time high it set on Friday. The Dow Jones Industrial Average slipped…
The Centre achieved its fiscal deficit target of 4.4 per cent of GDP for 2025-26, according to provisional data released by the Controller General of Accounts (CGA) on Monday, marking an improvement from the previous financial year’s deficit level, PTI reported.The fiscal deficit for FY26 was estimated at Rs 15,68,936 crore in the Budget and…
India and the UK are set to discuss Britain’s steel safeguard measures and proposed Carbon Border Adjustment Mechanism (CBAM) this week, with the two issues emerging as key hurdles in the implementation of the bilateral free trade agreement signed last year, PTI reported citing sources.The issues are expected to figure prominently during the visit of…
India’s industrial production grew 4.9 per cent in April 2026, driven by a strong performance in the manufacturing sector, according to the first release of the revised Index of Industrial Production (IIP) series with base year 2022-23.The Ministry of Statistics and Programme Implementation (MoSPI) on Monday launched the new IIP series, replacing the 2011-12 base…
India’s digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed.During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month’s figures…
IT stocks staged a sharp rebound on Monday, with shares of Infosys, TCS, Tech Mahindra and Persistent Systems climbing up to 5% as investors returned to the sector after months of AI-led pessimism and ahead of a closely watched US Federal Reserve meeting.The Nifty IT index climbed around 3% to 29,905 in morning trade, taking…
America is digging deeper into its emergency oil reserves as the fallout from the war with Iran continues to squeeze global energy supplies. Since the conflict began, the US Strategic Petroleum Reserve has lost about 50 million barrels, as the Trump administration seeks to offset supply shortages and ease pressure from rising fuel prices. These…
