Interesting News
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Anthropic's potential mega IPO joins ranks of world's biggest stock market listings
Anthropic has kicked off its U.S. IPO roadshow, seeking to raise up to $64.4 billion by offering 825 million shares. This latest valuation stands at roughly $1.4 trillion, representing a drop from earlier estimations of $2 trillion. Notably, tech giants like Alphabet and Microsoft are set to invest $26 billion in a private placement.
Mutual funds' Nifty 50 allocation falls to 21-year low in Q2
Exposure slips below 50% as funds widen portfolios beyond benchmark stocks amid strong mid-cap interest
TSMC to invest up to $1 billion in Anthropic, OpenAI
TSMC is set to invest up to $1 billion in the AI landscape, directing $500 million each to Anthropic and OpenAI. As Anthropic prepares for its IPO, this financial move by TSMC underscores its belief in a booming AI industry. With surging demand for AI chips, TSMC also aims to enhance its production capabilities, reinforcing its role in evolving AI infrastructure.
FII selling eases in October as technology and telecom attract foreign investors: Motilal Oswal
Domestic institutional investors inject $6.3 billion during the month, extending their buying streak to 39 consecutive months
US consumer prices rise above expectations in October
Consumer prices in the US experienced a larger-than-expected increase in October, affecting future Federal Reserve interest rates. The Consumer Price Index rose by 0.4%, following a 0.6% increase in September. Core CPI also increased, leading many to predict a rate hike in December. Despite missing year-over-year data, inflation remains significantly above the Fed's 2% target.
Recent News
Sensex today | Stock Market Live: Sensex up 73 pts to 81,072; Nifty up 18 pts to 25,004; SBI leads gainers
Sensex, Nifty, Share Prices Live: Markets turned sharply lower by afternoon, with the Nifty 50 falling 104.60 points, or 0.42 per cent, to 24,881.80 as of 1.21 pm, after opening at 25,076.
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