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What is the story about?
Technology, policy and politics shaped the day’s news flow, with developments cutting across global markets, corporate India and the corridors of power. Artificial intelligence dominated the global narrative. In the US, reports suggested Anthropic is exploring a tender offer valuing the company at around $350 billion, alongside a funding round that could exceed $20 billion. The AI-led sell-off rippled through markets, weighing heavily on tech stocks worldwide, with the Nifty IT index sliding over 6% to log its sharpest fall in six years. Nvidia CEO Jensen Huang sought to strike a longer-term note, arguing that today’s energy-intensive AI build-out could eventually help lower power costs.
Back home, Reliance chairman Mukesh Ambani urged companies to embrace technology, calling artificial intelligence a once-in-a-century opportunity for India. Striking a similarly bullish tone, BlackRock chairman Larry Fink said there was no AI bubble, cautioning that the real risk lay in not investing. Calling it the “era of India”, Fink said the country could sustain high growth for over two decades and consolidate its position as a global digital leader, even as advanced economies risk falling behind.
On the policy front, Commerce Minister Piyush Goyal underlined the importance of energy diversification amid discussions around a US-India trade deal. Attention also turned to the RBI’s February policy meeting, where a pause is widely expected as macro conditions stabilise.
Meanwhile, politics and the judiciary remained active, with sharp exchanges in Parliament, the Supreme Court seeking updates in ADAG-linked cases, and key developments unfolding in West Bengal and Manipur.
Anthropic unveils $350 billion valuation tender offer, eyes $20 billion funding
Anthropic AI, as per reports, is working on a plan to allow certain employees to sell firm shares at a valuation of at least $350 billion. This strategy is coming together concurrently with a funding round that might generate more than $20 billion.
Read More Here
ALSO READ:Infosys, Wipro, Persistent, other IT shares fall up to 9% on SaaS sell-off; M-Cap loss extends to ₹2 lakh crore
'Done in a car ride'—how Mukesh Ambani and Larry Fink closed a $300 million deal
Less than six months after launching its first fund, Jio BlackRock has over ₹13,700 crore in assets under management across 12 schemes. And, all it took to start the youngest fund house in India was a car ride in 2023.
Read More Here
Exclusive | AI is a once-in-a-century opportunity for India: Mukesh Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has called artificial intelligence a “once-in-centuries opportunity” for India, urging the country to embrace the technology as a powerful engine for productivity, growth and national transformation.
Read More Here
On US India deal, Goyal says energy diversification paramount for India
While the commerce minister Piyush Goyal did not address reports around a possible renouncement of Russian oil purchases under the recently announced US-India bilateral deal, the detailed terms of which are yet to be made public, he made a subtle but pointed remark in the Lok Sabha, saying that “diversification of energy sources will be of paramount interest for India.”
Read More Here
ALSO READ: US Trade Representative Greer claims India agreed to zero tariffs on industrial goods
RBI likely to stay on hold in February as trade deal improves macro comfort
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in its upcoming February 6 meeting, even as the recently concluded US-India tariff deal significantly improves India’s near-term macro outlook.
Read More Here
Nvidia CEO says AI build-out will eventually lower energy costs
Nvidia Corp. Chief Executive Officer Jensen Huang said that the massive build-out of artificial intelligence capacity, which is currently straining the power grid in many locations, will eventually lead to cheaper energy costs.
Read More Here
Heated exchange between Rahul and MoS Ravneet — From 'my traitor friend' to 'Desh ke dushman'
A heated exchange unfolded at Makar Dwar of Parliament on Wednesday (February 4) as Union Minister of State Ravneet Singh Bittu walked past protesting Congress MPs. Leader of Opposition in the Lok Sabha Rahul Gandhi, addressing fellow MPs, pointed at Bittu and said, “Here is a traitor walking right by. Look at the face…”
Read More Here
SC pulls up CBI, ED for taking time to probe ADAG firms in alleged banking fraud case
The Supreme Court on Wednesday (February 4) sought reports from the Central Bureau of India (CBI) and Enforcement Directorate (ED) in the plea alleging banking fraud involving Anil Dhirubhai Ambani Group (ADAG) firms. The court has granted four weeks time to Reliance Group chairman Anil Ambani and ADAG to file replies.
Read More Here
SC issues notice to EC on Mamata's plea challenging SIR, Bengal CM presents her case
The Supreme Court on Wednesday (February 4) issued a notice to the Election Commission on a plea by West Bengal Chief Minister Mamata Banerjee and also sought a response on the challenging Special Intensive Revision of electoral rolls in the state. The next date of hearing is February 9.
Read More Here
Yumnam Khemchand Singh sworn in as Manipur CM as President's Rule ends after nearly a year
BJP Manipur MLA Yumnam Khemchand Singh took oath as the Chief Minister of Manipur on Wednesday, with Governor Ajay Bhalla administering the oath at Lok Bhavan.
Read More Here
We'll see you on Thursday with another engaging 'Top 10@10’
Back home, Reliance chairman Mukesh Ambani urged companies to embrace technology, calling artificial intelligence a once-in-a-century opportunity for India. Striking a similarly bullish tone, BlackRock chairman Larry Fink said there was no AI bubble, cautioning that the real risk lay in not investing. Calling it the “era of India”, Fink said the country could sustain high growth for over two decades and consolidate its position as a global digital leader, even as advanced economies risk falling behind.
On the policy front, Commerce Minister Piyush Goyal underlined the importance of energy diversification amid discussions around a US-India trade deal. Attention also turned to the RBI’s February policy meeting, where a pause is widely expected as macro conditions stabilise.
Meanwhile, politics and the judiciary remained active, with sharp exchanges in Parliament, the Supreme Court seeking updates in ADAG-linked cases, and key developments unfolding in West Bengal and Manipur.
Anthropic unveils $350 billion valuation tender offer, eyes $20 billion funding
Anthropic AI, as per reports, is working on a plan to allow certain employees to sell firm shares at a valuation of at least $350 billion. This strategy is coming together concurrently with a funding round that might generate more than $20 billion.
Read More Here
ALSO READ:Infosys, Wipro, Persistent, other IT shares fall up to 9% on SaaS sell-off; M-Cap loss extends to ₹2 lakh crore
'Done in a car ride'—how Mukesh Ambani and Larry Fink closed a $300 million deal
Less than six months after launching its first fund, Jio BlackRock has over ₹13,700 crore in assets under management across 12 schemes. And, all it took to start the youngest fund house in India was a car ride in 2023.
Read More Here
Exclusive | AI is a once-in-a-century opportunity for India: Mukesh Ambani
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has called artificial intelligence a “once-in-centuries opportunity” for India, urging the country to embrace the technology as a powerful engine for productivity, growth and national transformation.
Read More Here
On US India deal, Goyal says energy diversification paramount for India
While the commerce minister Piyush Goyal did not address reports around a possible renouncement of Russian oil purchases under the recently announced US-India bilateral deal, the detailed terms of which are yet to be made public, he made a subtle but pointed remark in the Lok Sabha, saying that “diversification of energy sources will be of paramount interest for India.”
Read More Here
ALSO READ: US Trade Representative Greer claims India agreed to zero tariffs on industrial goods
RBI likely to stay on hold in February as trade deal improves macro comfort
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in its upcoming February 6 meeting, even as the recently concluded US-India tariff deal significantly improves India’s near-term macro outlook.
Read More Here
Nvidia CEO says AI build-out will eventually lower energy costs
Nvidia Corp. Chief Executive Officer Jensen Huang said that the massive build-out of artificial intelligence capacity, which is currently straining the power grid in many locations, will eventually lead to cheaper energy costs.
Read More Here
Heated exchange between Rahul and MoS Ravneet — From 'my traitor friend' to 'Desh ke dushman'
A heated exchange unfolded at Makar Dwar of Parliament on Wednesday (February 4) as Union Minister of State Ravneet Singh Bittu walked past protesting Congress MPs. Leader of Opposition in the Lok Sabha Rahul Gandhi, addressing fellow MPs, pointed at Bittu and said, “Here is a traitor walking right by. Look at the face…”
Read More Here
SC pulls up CBI, ED for taking time to probe ADAG firms in alleged banking fraud case
The Supreme Court on Wednesday (February 4) sought reports from the Central Bureau of India (CBI) and Enforcement Directorate (ED) in the plea alleging banking fraud involving Anil Dhirubhai Ambani Group (ADAG) firms. The court has granted four weeks time to Reliance Group chairman Anil Ambani and ADAG to file replies.
Read More Here
SC issues notice to EC on Mamata's plea challenging SIR, Bengal CM presents her case
The Supreme Court on Wednesday (February 4) issued a notice to the Election Commission on a plea by West Bengal Chief Minister Mamata Banerjee and also sought a response on the challenging Special Intensive Revision of electoral rolls in the state. The next date of hearing is February 9.
Read More Here
Yumnam Khemchand Singh sworn in as Manipur CM as President's Rule ends after nearly a year
BJP Manipur MLA Yumnam Khemchand Singh took oath as the Chief Minister of Manipur on Wednesday, with Governor Ajay Bhalla administering the oath at Lok Bhavan.
Read More Here
We'll see you on Thursday with another engaging 'Top 10@10’
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