The Economic Times

On Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand for dollars continued, despite increased hedging costs observed in the market. The Reserve Bank of India has implemented measures to stabilize the rupee but is less active in intervention. Without foreign inflows, the rupee faces challenges as oil prices remain elevated. Expected trading for the rupee is between 95 and 95.

In a landmark move, Jio Platforms, supported by Mukesh Ambani, successfully secured

On Monday, Indian equity markets staged a comeback following four days of losses, with both the BSE Sensex and NSE Nifty seeing notable gains as investors sought to take advantage of cheaper stock prices. However, analysts warn that this recovery is precarious, influenced by global geopolitical issues and high crude oil prices.

After two months of silence, September marked the return of retail investors to the secondary market, as they invested

Kunal Kapoor, the CEO of Morningstar, voiced unease about the dangers of focusing investments heavily on AI stocks during his Mumbai trip. He stressed that lofty expectations might not always reflect in company profits, potentially leading to disappointing market outcomes. While praising India's compelling growth story, he remarked that its investment valuations do not stand up favorably against those in emerging markets.

US stocks ended higher as Anthropic's IPO filing rekindled interest in AI related investments and stocks. The S&P 500 gained 0.70% and the Nasdaq rose by 0.83% following this news. Investors are keenly observing Anthropic's filing and its implications for the booming AI sector. Major companies like Meta are also planning significant investments in AI infrastructure and data centers.

The impact of El Nino weather conditions could further hurt domestic production, expected to fall by 3.4% to a new low in the 2026-27 crop year ended September. Cotton imports hit a record high in 2025-26 to an estimated 7.1 million bales of 170 kilograms compared to last year's imports of 5.74 million bales. Prices have also risen more than 7% in the past month.

Anthropic pauses training of its next generation AI model for more than a month over security concerns, while four AI models access live external computer systems during testing. The company discloses the incidents in its IPO filing as it warns that training delays could affect revenue and leave it behind rivals.

India and the United States have nearly finalized discussions regarding a proposed bilateral trade agreement. Commerce Minister Piyush Goyal mentioned that fine-tuning of the agreement is currently underway. This follows remarks from US Secretary of State Marco Rubio about a few remaining details. Initially, the US removed a penalty on Indian goods related to Russian oil purchases.

Sunteck Realty recorded a net profit of Rs 99 crore in the first half of FY27. Revenue increased 16% to Rs 512 crore, reflecting strong business growth during this period. Pre-sales also rose to Rs 1,611 crore, showing continued demand for properties. The company made significant investments in business development, acquiring land in Borivali. Overall, Sunteck's growth indicators continue to strengthen as they prepare for future projects.

Dalmia Bharat experienced a consolidated loss of Rs 205 crore in the September quarter of this year. This loss was due to an exceptional hit of Rs 339 crore related to asset impairment and employee separation. Sales volume rose by 3% year-on-year, while consolidated revenue increased by 4% to Rs 3,563 crore. However, EBITDA fell by 29% due to rising power and fuel costs, which increased by 22%.

Walter Koenig, the American actor best known for playing Pavel Chekov in the Star Trek television series and films, has died at 90. He also earned recognition for his role as Alfred Bester in Babylon 5 and built a diverse career as a writer, director, author and acting teacher. Just a few months before his death, Walter Koenig was honored for his short film Mr. Fleischmann

Microsoft is offering voluntary buyouts to eligible employees in the US, UK, Canada and India. Employees have until early December to decide whether to accept the offer and leave the company by year-end. Heres who qualifies, what employees need to do and how the latest programme compares with Microsofts earlier retirement buyout.

Indian stock markets saw a notable recovery after early losses on Monday. Sensex rose nearly 483 points, while Nifty gained over 153 points during the trading session. This rebound followed a four-day decline that significantly impacted investor wealth. Analysts noted value buying supported the recovery, particularly in sectors like power, healthcare, and metals. Despite this, caution prevailed due to geopolitical uncertainties and upcoming policy decisions from major global banks.

Anthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business model while generating substantial revenues from its consumer and enterprise offerings. Both companies face financial pressures as they invest heavily in infrastructure and computing power. The competition between Anthropic and OpenAI is primarily driven by their customer acquisition strategies and operational efficiencies.

The Ministry of Statistics and Programme Implementation will conduct the Annual Survey of Unincorporated Sector Enterprises from April 2027. New questions will address gender-specific constraints faced by female entrepreneurs for the first time. Additionally, the survey will capture the investment in fixed assets over an extended period. The survey period has shifted to align with the financial year for better data utility.

United Flight 1681 hijack: United Flight 1681 returned to Las Vegas after a flight attendant reportedly spotted a passenger texting about hijacking the aircraft, raising concerns. The security scare prompted a cockpit lockdown and an overnight delay after the crew reached its duty-time limit. Here's what happened aboard the Newark-bound flight.

Paytm Q2 Results: Fintech major Paytm on Monday reported 976% year-on-year (YoY) growth in its consolidated net profit at Rs 226 crore. The same stood at Rs 21 crore in the year-ago quarter. Revenue from operations in the reporting period rose 28% YoY to Rs 2,648 crore.

Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director Salee Sukumaran Nair emphasized the role of net interest income in driving this profit.

Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality.

MakeMyTrip reported a $1.8 million Q2 net profit, reversing a year-earlier loss of $5.7 million. Revenue rose 11.2% to $235.2 million, while gross bookings grew 20.9%, supported by hotels, transport and AI-powered travel assistant Myra.

Bank of Maharashtra posted a 41.5% year-on-year rise in Q2 net profit to Rs 2,310 crore, supported by stronger income, deposit and credit growth, improved asset quality and a return on assets of 2.02%.

Nearly 110 sugar mills have begun operations for the 2026-27 sugar marketing year in several states. The Indian Sugar & Bio-Energy Manufacturers Association stated that the industry is prepared for sugarcane crushing. This readiness helps meet the expected domestic sugar demand of 280-285 lakh tonne annually. The government has also extended duty-free import windows to maintain sugar availability during the festive period.

Indias smallcap sell-off is intensifying as margin trading facility (MTF) positions decline from record levels. With nearly Rs 72,000 crore exposed to smallcaps, forced liquidations could deepen losses, although SEBI safeguards may limit systemic risks.

Anthropics planned IPO could test investor appetite for AI amid a potential $1.5 trillion valuation. Revenue growth, substantial losses, $518 billion in infrastructure commitments and reliance on major cloud partners highlight key financial risks investors must assess.

Infrastructure projects worth over Rs 150 crore have seen a cumulative cost overrun of approximately Rs 3,21,976 crore. About 1,853 infrastructure projects across 17 ministries were monitored, showing total costs revised to Rs 37,55,803 crore. The Ministry of Road Transport & Highways leads with the most ongoing projects and costs. Approximately 47.21 percent of the total project cost has been spent so far, indicating steady progress.

Since the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The scheme provides an opportunity to disclose unreported foreign assets and income at a 60 percent tax rate. Taxpayers can access information about their assets reported by foreign jurisdictions through the e-filing portal. Outreach programs have been initiated to raise awareness among various groups regarding this scheme.

Outward foreign direct investment from India reached $4.34 billion in September, which is a 14% increase from last year. However, this figure reflects a 37% decrease from the previous month. Equity commitments decreased by 20% compared to August, totaling $3.26 billion. Loans to overseas subsidiaries rose slightly, reaching $549 million in September. Several companies, including Sun Pharma, led the equity outflows with significant investments.

Anthropic, established by ex-OpenAI researchers, is gearing up for an anticipated entry into the stock market in the United States. The organization has impressively generated $16.29 billion in revenue during the first half of 2026. Yet, significant operational losses due to soaring computing costs pose a challenge, along with over $500 billion in cloud computing commitments. Competing against OpenAI and Google, they must adeptly maneuver through a tough economic environment.

Anthropic is gearing up for its initial public offering, showcasing robust support from heavyweight investors like Amazon and Google. The companys valuation has surged through various funding rounds, signaling considerable confidence from the investment community. Collaborations with technology leaders provide vital resources essential for advancing AI development and infrastructure. Notable financial participants include ICONIQ Capital, Coatue Management, and Eric Schmidt, among several others.

In a significant step forward, Anthropic has filed for a US initial public offering, with hopes for a mid-November listing. Amid rising interest rate concerns and investor scrutiny over AI sector stock performance, the company is backed by a formidable leadership team. Co-founders Dario and Daniela Amodei lead this endeavor, promising a noteworthy entry into the public market for Anthropic.

The Supreme Court dismissed review petitions from gaming companies challenging state bans on online gaming. The court upheld the validity of laws enacted by Tamil Nadu and Karnataka to regulate games for stakes. It found no merit in arguments asserting that skill-based games should not be banned. States can intervene where online gaming poses public order issues and addiction concerns arise.

Maharashtra announced a waiver for the 25 per cent transfer fee on land for renewable energy projects. This decision aims to alleviate financial pressure on companies and reduce project costs. Companies must use the land exclusively for renewable energy to qualify for this exemption. If the land is used for other purposes, the exemption will be revoked, and fees will be charged.

US stocks opened higher on Monday as Anthropic's IPO filing drew investor attention ahead of a week dominated by corporate earnings and the Federal Reserve's interest-rate decision. The Dow Jones, S&P 500 and Nasdaq rose at the open, as investors tracked technology stocks, earnings and monetary policy.

Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.

Anthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details show significant revenue growth, but losses have widened sharply. Investors are currently valuing Anthropic at approximately $1.5 trillion, reflecting recent market fluctuations. Anthropic is in competition with OpenAI in the race to create advanced AI systems.

Raymond Realty has announced that it has secured Rs 210 crore from ICICI Prudential Real Estate Development Fund. This financial investment will be used for a redevelopment project in the Mumbai Metropolitan Region. The investment will be made through Ten X Realty West Ltd, a subsidiary of Raymond Realty. The collaboration aims to enhance capital efficiency and expedite project timelines.

Despite the Sensex gaining 483 points to close at 73,606, six BSE 100 stocks hit fresh 52-week lows. Yes Bank led monthly declines, followed by Power Finance Corporation, Tata Power, Canara Bank, Tata Consumer Products and Godrej Consumer Products.

Chris Brown faces sentencing in the UK over a 2023 nightclub incident, bringing renewed attention to a separate $12.9 million lawsuit after his 200-pound Caucasian Shepherd mauled his housekeeper at his California mansion in 2020. Chris Brown, who was at home when the attack occurred, testified that he put the dog in a kennel after it injured his housekeeper