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Anthropic faces rising computing costs and operating losses ahead of its planned IPO. (REUTERS)
Posted in Business

Anthropic reports $567 million loss as $895 billion computing commitments raise IPO concerns

Anthropic, the company behind AI chatbot Claude, reported an operating loss of $567 million in the third quarter of 2026. This came just one quarter…

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Posted in Economy

Centre’s FY27 fiscal deficit may exceed Budget target by Rs 1.2 lakh crore: SBI Research

Mumbai: The central government’s fiscal deficit is likely to exceed the budget estimate by Rs 1.2 lakh crore in 2026-27, largely due to structural factors…

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ideaForge records profit in Q2 as revenue rises 124% to Rs 91 crore
Posted in Startups

ideaForge records profit in Q2 as revenue rises 124% to Rs 91 crore

Drone maker ideaForge Technology on Monday reported a net profit of Rs 6.5 crore for the September quarter, against a loss of Rs 19.6 crore…

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Indian space companies: Pixxel's Indian ownership comes under scrutiny
Posted in Startups

Indian space companies: Pixxel’s Indian ownership comes under scrutiny

Bengaluru-based spacetech startup Pixxel Space which develops hyperspectral satellites has defended its Indian ownership and control after its decision to establish a US subsidiary has…

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Fireside Ventures: Fireside Ventures cofounder and partner Vinay Singh to exit firm
Posted in Startups

Fireside Ventures: Fireside Ventures cofounder and partner Vinay Singh to exit firm

Fireside Ventures cofounder and partner Vinay Singh is exiting the Bengaluru-based venture capital firm after nearly a decade, the company announced on Monday.Singh worked closely…

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Posted in Economy

Pakistan suffered $40 billion in economic losses due to suspension of trade with India: PIBC chief

Lahore: Pakistan has suffered an estimated USD 40 billion in economic losses since trade with India was suspended in 2019 following the Pulwama terror attack…

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Posted in Economy

India’s economic pillars show ‘no fragility’, says Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman, on Monday, said India’s key economic indicators showed no signs of fragility, citing strong GST collections and a sound banking…

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Posted in Economy

Capex key to India’s growth strategy, fiscal prudence remains top priority: Sitharaman at HSBC event

The government will continue to rely on capital expenditure as a key driver of economic growth while maintaining a firm commitment to fiscal consolidation, Finance…

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Posted in Economy

Indians turn to side hustles, freelancing as non-salary income rises: ClearTax

New Delhi, Indians are increasingly diversifying their income beyond traditional salaries towards income from side hustles, freelancing, trading, and business ventures, as a significant percentage…

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Pixxel cofounder Awais Ahmed rejects claims of US control, defends Indian credentials
Posted in Startups

Pixxel cofounder Awais Ahmed rejects claims of US control, defends Indian credentials

Pixxel cofounder and CEO Awais Ahmed published a long post on X responding to what he calls a “witch hunt” against the spacetech startup, rejecting…

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