Government caps sugar dealer stock at 1,000 quintals for festival season to ensure smooth supply and stable prices.

Shareholders just approved Evernorth's merger, private placements topped $1 billion.

AI company Anthropic is planning an initial public offering in mid-November that could value it at more than $2 trillion. In its prospectus, the company said it expects to commit $518 billion in coming years to cloud, computing and infrastructure obligations. It reported 2025 revenue of nearly $4.6 billion, up 12-fold from the prior year, alongside an operating loss of more than $8 billion and a net loss of $42 billion.

NEAR Intents, a crosschain swap protocol built on NEAR, suffered a security exploit on Thursday that resulted in losses of about $3.8 million. The service has been paused. A week earlier, the protocol publicly blocked up to $50 million in stolen funds linked to the Bitget attackers. The team said it has patched the flaw and will fully reimburse users.

AI model developer Anthropic plans to launch its IPO by mid-November after pushing back its listing timetable. Investors expect a valuation in the US$1.8 trillion to US$2 trillion range. The company posted a net loss of almost US$42 billion in 2025 on roughly US$4.6 billion in revenue, with an operating loss of more than US$8 billion.

Japan’s energy group JERA, together with Dell Technologies and infrastructure firm RHAELM, plans to invest $15B to build a 400MW AI data center in Chiba Prefecture. Apollo Global Management will provide financing support. The project is aimed at meeting AI computing demand and is targeted to begin operations from 2028. Dell will supply related hardware equipment.

From late July to mid-September, tech-exposed stocks in the S&P 500 rose 14% while the rest of the index fell 3%, underscoring a sharp concentration in returns. Microsoft led the Magnificent Seven after Azure growth materially exceeded expectations and Copilot adoption was strong. On July 30, Microsoft jumped more than 15%, its biggest one-day gain since 2008, adding about ~$450 billion in market value. The move was the largest single-day market-cap increase on record at the time.

Brazilian oil giant Petrobras said it will deploy two new utility use cases on Cardano’s Layer-1 blockchain. The applications focus on tracking sustainable aviation fuel and the company’s renewable diesel product Diesel R, aiming to record low-carbon fuel production and circulation data more efficiently using Cardano-based decentralized apps. Petrobras is a Forbes 500 company, and the move is being framed as a step forward for Cardano’s enterprise adoption.