Siddaramaiah's absences fuel next-move speculation
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Anthropic pre-IPO credit facility set to climb past $10 billion
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Anthropic PBC’s revolving credit facility is set to rise above its roughly $10 billion target, according to people familiar with the matter, as the artificial intelligence firm prepares for a highly anticipated initial public offering.The Claude chatbot maker’s proposed expansion of its so-called revolver is drawing a clutch of banks seeking to bolster their pitch for roles on the IPO, said the people, who asked not to be identified because the information isn’t public. Discussions are ongoing and the company could decide to limit the size of the revolver to the target or even below, the people said.Anthropic has asked the most active banks leading the credit line to lend about $1.25 billion, with the next level of active banks being encouraged to offer around $1 billion, and with the commitments dropping to roughly $750 million and lower for less active roles, some of the people said.Generally, in syndicated loans, the higher the commitment of a bank, the higher the fees it gets paid ...
India adds more eyes over the Indian Ocean
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New Delhi: The defence ministry signed a ₹1,943 crore contract with US firm General Atomics on Monday to lease two additional MQ-9B SeaGuardian high-altitude long endurance (HALE) drones for the Indian Navy that will be tasked with long distance maritime patrolling and surveillance.The drones will add to two similar systems that have been taken on lease in the past and are currently in service. General Atomics will be responsible for the upkeep and operational availability of the drones during the 30-month lease period.133304722Also Read: On surveillance mission, MQ-9B Sea Guardian drone encounters 'technical failure'Officials said that the MQ-9B SeaGuardian HALE, equipped with advanced systems, state-of-the-art sensors and sophisticated payloads, will significantly enhance the Indian Navy's maritime domain awareness capabilities.The systems will provide persistent intelligence, surveillance and reconnaissance coverage over vast areas of the maritime domain, strengthening I...