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Anthropic is weighing a new funding round that could value it above $900 billion, more than doubling its current valuation, Bloomberg reported, as investor demand for AI firms continues to surge.
Foreign investors have sold Indian stocks worth over ₹1.8 lakh crore in 2026. This outflow exceeds 2025's total. A weak rupee, high oil prices, and fewer AI investment chances are driving this trend. This selling is the most in the first four months of any year. South Korea and Taiwan saw more foreign interest due to AI and semiconductor themes.
Sebi has fined Axis Trustee Services ₹10 lakh. The penalty is for not promptly disclosing a ruling against former REIT executive Aravind Maiya. The National Financial Reporting Authority found Maiya guilty of misconduct. This information was crucial for unitholders and stock exchanges. Axis Trustee's delay in disclosure led to the regulatory action.
Digital lending platform Kissht, operated by OnEMI Technology Solutions, plans an IPO to raise ₹850 crore for its lending subsidiary. Despite strong AUM and customer growth, elevated NPAs and a heavy reliance on unsecured personal loans pose risks. Investors may await financial stability post-listing.
Vedanta is set to undergo a significant restructuring. From May, the company will be divided into five separate entities. The main Vedanta entity will trade independently from Thursday, excluding the four newly demerged businesses. Shareholders will receive one share in each of the four new companies for every Vedanta share they hold.
In an interaction with Mint, Irdai Chairman Ajay Seth outlines Irdai's approach to balancing sector liberalization with consumer protection, amid proposed reforms such as the Sabka Bima Sabki Raksha Act.
Vedanta anticipates a strong FY27 driven by record profits. The company plans to significantly reduce debt, invest in expansion, and continue rewarding shareholders. Leverage is projected to reach a new low. Vedanta is also proceeding with its demerger, with four new companies set to list soon. Some businesses are expected to be debt-free post-demerger.
The Federal Reserve kept interest rates unchanged. However, the decision revealed significant disagreements among officials. Three policymakers opposed the statement's bias towards lowering borrowing costs. Inflation is a growing concern, partly due to rising global energy prices. This marks the most divided decision since 1992, setting the stage for new Fed Chair Kevin Warsh.
Bajaj Finance reported a robust consolidated net profit of ₹5,464.6 crore for Q4FY26, a 22% year-on-year increase driven by a 20% rise in net interest income and 22% AUM growth. In a separate announcement, Rajiv Bajaj will step down from the company's board after the annual general meeting on July 30.
Indian stock markets saw a strong rise on Wednesday. The Nifty and Sensex gained 0.8 percent each. This surge was fueled by positive earnings from major companies. Peace in West Asia also contributed to the market's upward movement. Despite high crude oil prices, investors showed confidence. Markets are expected to consolidate in the coming days.
The Indian rupee hit a record closing low of 94.85 against the US dollar on Wednesday. High oil prices and consistent dollar demand pressured the currency. The Reserve Bank of India intervened to support the rupee. Analysts expect continued volatility driven by crude oil prices and capital flows. The rupee is facing selling pressure at stronger levels.
MI vs SRH, IPL 2026: Fans witnessed pure entertainment as both teams traded blows in one of the season’s most memorable clashes. SRH’s clinical chase has set a new benchmark for aggressive cricket at the Wankhede Stadium.
US Central Command has asked to send the Army’s long-delayed Dark Eagle hypersonic missile to the Middle East for possible use against Iran, seeking a longer-range system to hit ballistic-missile launchers deep inside the country.
A 27-year-old woman in Wisconsin has been charged with first-degree intentional homicide after allegedly stabbing her boyfriend during an argument over whether to cook at home or go out.
During a formal reception welcoming King Charles, Trump reflected on his parents’ long marriage, noting they had been together for 63 years. Turning to first lady Melania Trump, he added: “That’s a record we won’t be able to match, darling, I’m sorry. Just not going to work out that way.”
Alphabet's cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company's overall revenue also beat expectations, with its cloud backlog nearly doubling. This performance highlights Alphabet's significant gains in the competitive AI market, bolstered by its Gemini models and a key partnership with Apple.
Microsoft's cloud revenue saw a jump in the March quarter. Spending on infrastructure was lower than anticipated. This performance aims to reassure investors about the company's significant artificial intelligence investments. Microsoft is expanding its AI offerings, including partnerships, to maintain its competitive edge in the cloud market. This comes as major tech firms invest heavily in AI infrastructure.
Meta Platforms is significantly increasing its capital expenditure forecast to between $125 billion and $145 billion by 2026, doubling down on AI infrastructure investments despite planned layoffs. The Facebook-parent's user base continues to grow, with daily active people reaching 3.56 billion.
Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.
Wall Street saw mixed trading as investors weighed rising crude prices, the Federal Reserve's decision to hold interest rates steady amid a divided vote, and upcoming earnings from tech giants. Geopolitical tensions in the Middle East fueled oil price spikes, raising inflation concerns. Investors also anticipated earnings reports from Amazon, Alphabet, Meta, and Microsoft.
