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Anthropic’s Claude AI Down In India: Users Say AI Chatbot App, Website Inaccessible On June 2, 2026, Anthropic’s Claude AI experienced a widespread outage across India, leaving thousands of users unable to access the chatbot, app, website, API, and developer tools. Reports of the issue began flooding in around 11:49 AM IST, prompting the company to confirm elevated error rates and announce that a fix had been identified and was being implemented. The disruption affected multiple key services, including the Claude AI platform, Claude Console, Claude API, and Claude Code, which are central to developers and users relying on the AI assistant for various tasks. Users reported significant difficulties in accessing the AI tools, with many encountering failed requests, slow loading times, and intermittent service interruptions. The outage tracking platform DownDetector recorded a sharp increase in reported issues around the same time, highlighting the scale of the problem. Anthropic acknowledged the disruption on its official status page, stating that several Claude-related services were facing elevated error rates. The company’s statement emphasized that the issue had been identified and that a fix was in progress, though it did not provide further details on the cause or expected resolution time. The outage disrupted both individual users and businesses that depend on Claude for tasks such as coding, data analysis, and customer support. For developers, the unavailability of the Claude API and Console tools hindered productivity, while end-users faced frustration over the inability to access the chatbot for queries or assistance. Anthropic’s response to the crisis was swift, with the company’s team working to resolve the issue and restore full functionality to its services.#india #anthropic #claude_api #claire_ai #claude_console

Tata Consultancy Services Ltd Shares Remain Steady Amid Mixed Market Sentiment Tata Consultancy Services Ltd (TCS) shares remained largely unchanged on the National Stock Exchange of India (NSE) on May 28, 2026, as investors grappled with mixed signals in the country’s software and services sector. The stock, listed under the symbol TCS in Mumbai, traded near the INR 2,280 level, with an intraday high of INR 2,296 and a low of INR 2,261. The stock opened close to its prior close of INR 2,276, reflecting a cautious tone among market participants. The muted price action was attributed to broader sectoral concerns, as investors reassessed global demand for IT services and the impact of currency fluctuations on export-oriented companies. Trading volumes for TCS reached approximately 2.6 million shares by early afternoon, underscoring the stock’s significance as a cornerstone of India’s technology sector. Analysts noted that the stock’s performance mirrored sector-wide themes rather than any firm-specific news, as no major regulatory filings or corporate announcements were released on the company’s investor relations website. TCS remains a key component of India’s domestic IT basket on both the NSE and BSE, with its share price dynamics serving as a barometer for sentiment toward the country’s export-driven software and consulting industry. On some Indian market platforms, the live share price was reported at INR 2,284.20 as of 12:20 local time on May 28, 2026. Technical indicators, including the 50-day moving average at INR 2,452.19 and the 200-day moving average at INR 2,859.62, provided additional context for market participants.#mumbai #india #tcs #national_stock_exchange_of_india #tata_consultancy_services_ltd

South Korea Overtakes India as World's Sixth-Largest Stock Market South Korea’s equity market has surpassed India’s to become the sixth-largest globally, driven by a dramatic rise in semiconductor companies fueling the global artificial intelligence infrastructure boom. The total market capitalization of South Korean-listed firms has surged 86% this year, reaching $5 trillion, while India’s market value has dropped to $4.8 trillion, according to data compiled by Bloomberg. This shift highlights the growing influence of South Korea’s technology sector, particularly its leading semiconductor manufacturers, which have played a pivotal role in the expansion of AI-driven industries worldwide. Samsung Electronics Co. and SK Hynix Inc., two of South Korea’s most prominent chipmakers, have joined the ranks of companies valued at over $1 trillion, contributing significantly to the nation’s market growth. Their success is attributed to increased demand for advanced semiconductors in AI development, data centers, and next-generation computing technologies. Bloomberg’s analysis underscores how these firms have become central to the global tech supply chain, enabling South Korea to solidify its position as a key player in the AI economy. The decline in India’s market capitalization, meanwhile, reflects broader challenges in its financial sector, including regulatory uncertainties and slower growth in key industries. While South Korea’s market expansion is largely tied to its technological advancements, India’s struggles highlight the complexities of maintaining a competitive edge in a rapidly evolving global landscape. Analysts note that the shift in market rankings underscores the growing importance of semiconductor innovation and AI infrastructure in shaping economic power dynamics.#south_korea #samsung_electronics_co #sk_hynix_inc #bloomberg #south_korea_equity_market

Indian IT Stocks Surge on AI Deals and Valuations Indian IT stocks experienced a significant rally on Monday, outperforming the broader market as the Nifty IT index reached its highest level since April 23. The surge was attributed to attractive stock valuations and recent AI-related partnerships, which have rekindled investor interest and prompted traders to build fresh long positions. This rebound followed a period of underperformance for the sector in 2026, with the Nifty IT index declining over 21% year-to-date compared to a 10.5% drop in the benchmark Nifty. The Nifty IT index closed at its strongest level in nearly two weeks, gaining 2.7% on Monday, while the broader Nifty fell 0.7%. Tech Mahindra, Infosys, and L&T Technology Services rose 3.7% each, while Persistent Systems gained 3.6%. Coforge and Oracle Financial Services Software advanced 2.6% and 2.1%, respectively. Analysts noted that Indian IT firms are aligning with American companies like Anthropic and OpenAI by securing contracts and partnerships, which investors perceive as promising. Gaurav Sharma, head of research at Globe Capital, highlighted that Wipro’s expanded Agentic AI partnership with ServiceNow and Coforge’s acquisition of Encora have alleviated concerns about AI-linked disruption. These developments have helped stabilize the sector after a period of uncertainty. Sharma also pointed out that large-cap IT stocks like TCS and Infosys are trading near 16-17 times Price-to-Earnings (PE), while midcap companies such as Coforge, Oracle, and Mphasis are at 20-30 times PE, making them attractive for investors. Technical analyst Jay Vora of Mirae Asset Sharekhan observed that open interest in large-cap IT stocks has doubled in recent months, indicating a buildup of short positions.#infosys #nifty_it #tech_mahindra #persistent_systems #l_t_technology_services

ITC stock nears 52-week low; slips 8% in 1 month, down 21% thus far in 2026 The stock price of ITC traded close to its 52-week low of ₹287 on Friday, marking a significant decline in the first half of 2026. Over the past month, the company’s shares fell 8 percent, underperforming the BSE Sensex’s 2.5 percent drop. As of May 29, 2026, the stock was trading at ₹288.45 on the BSE, down 1 percent from the previous day, while the broader index declined 0.6 percent. The stock’s performance has been further weighed by a 21 percent decline in 2026, compared to an 11.3 percent drop in the benchmark index. The decline in ITC’s stock price has been attributed to a combination of factors, including the challenging taxation environment for the tobacco sector and broader macroeconomic pressures. The company’s management has acknowledged the impact of steep tax hikes on cigarette sales, particularly the increase in GST rates from 28 percent of transaction value to 40 percent of retail sale price, effective February 1, 2026. These changes, coupled with the phasing out of the Compensation Cess, have led to an unprecedented rise in tax incidence on cigarettes, creating significant financial strain for the sector. ITC’s stock reached a 52-week high of ₹428.50 on June 10, 2025, but has since faced sustained pressure. The company’s Q4FY26 results highlighted a 4.5 percent implied cigarette volume growth, which exceeded expectations despite the challenges posed by the February 2026 tax hikes. However, analysts note that the market remains focused on the steep tax increases, which have led to a consensus of overestimated cigarette volume declines for FY27.#bse_sensex #itc #icici_securities #axis_securities #jm_financial_institutional_securities

Wipro Expands ServiceNow Partnership to Embed Agentic AI Workflows Across Core Enterprise Functions Wipro Limited, a leading AI-powered technology services and consulting company, has announced an expanded partnership with ServiceNow to integrate agentic AI workflows into core enterprise functions such as IT, HR, procurement, and cybersecurity. The collaboration, announced on May 28, 2026, aims to streamline operations and enhance organizational efficiency through the combination of Wipro Intelligence™ and the ServiceNow AI Platform. This partnership is designed to address the challenges enterprises face in scaling AI adoption while ensuring governance, accountability, and measurable outcomes. Under the agreement, Wipro will leverage its unified AI-powered platforms to integrate with ServiceNow’s AI capabilities, enabling organizations to automate and optimize workflows across interconnected systems. The partnership focuses on reducing manual coordination, improving visibility into operational processes, and accelerating turnaround times. By embedding agentic AI workflows, enterprises can achieve greater operational agility and strengthen governance frameworks. Key solutions from Wipro Intelligence™ that will benefit from this integration include SmartProcure, which streamlines procurement workflows by standardizing intake, approvals, and execution to improve cycle times. Telco Autonomous Networks will modernize service operations by combining AI-driven workflows with telecom-specific context to enhance issue resolution. Cyber Transform, another solution, will bolster cybersecurity by improving vulnerability and incident response workflows, along with governance across the cybersecurity value chain.#wipro #servicenow #amit_zavery #malay_joshi #smartprocure

Anthropic Files Confidential IPO Paperwork Ahead of OpenAI Anthropic (ANTH.PVT) announced on Monday that it has submitted confidential paperwork to the Securities and Exchange Commission (SEC) to pursue an initial public offering (IPO), positioning itself ahead of its rival OpenAI (OPAI.PVT) in the race to go public. The company emphasized that the number of shares to be offered and the stock’s pricing have not yet been finalized. In a statement, Anthropic noted that the IPO would depend on market conditions and other factors, with the process contingent on the SEC’s review. The filing comes shortly after Anthropic disclosed that it raised $65 billion in its latest funding round, valuing the company at $965 billion. This surpasses OpenAI’s previous valuation of $852 billion, as reported in March. Anthropic’s rapid ascent is attributed to its success in enterprise markets, particularly through its Claude Code coding software. The company has expanded its product lineup this year, introducing offerings like Claude for Small Business and recently unveiling its latest flagship model, Claude Opus 4.8. Anthropic’s financial performance has also surged, with its annual revenue run rate exceeding $47 billion at the start of May. This marks a significant increase from $30 billion in April and $9 billion in the same period last year. The company is now competing in a high-stakes race with OpenAI to secure a spot in the public markets, with SpaceX (SPAX.PVT) also filing for an IPO earlier this month. CEO Dario Amodei has positioned Anthropic as a safety-focused alternative to OpenAI, emphasizing ethical AI development. This approach has led to notable decisions, such as withholding its latest AI model, Claude Mythos Preview, due to concerns about its potential to exploit software vulnerabilities.#spacex #dario_amodei #sec #anthropic #openai

Lallit Modi Breaks Silence on Relationship with Susmita Sen, Defends Her Financial Independence Lallit Modi, the former IPL chairman and businessman, has spoken openly about his past relationship with Bollywood actress Susmita Sen, addressing rumors about their financial dynamics and the public scrutiny she faced. In an interview with Humans of Bombay, Modi described Sen as a significant part of his life, emphasizing her role in shaping his personal and professional journey. He acknowledged the distance that grew between them over time but maintained that their bond remained meaningful. Modi defended Sen against online trolling that followed their relationship announcement in 2022, when their union was declared official. He clarified that Sen was already financially independent and successful before their relationship began, dismissing claims that she sought financial gain. "She was already a strong, successful woman," Modi stated. "I never had to spend a single rupee during our time together. She provided for everything." He praised Sen’s resilience as a single mother, highlighting her ability to build a life of her own. "She is a proud woman who has achieved everything on her own," Modi said. "I am proud to have known her and to have been part of her journey." He also mentioned her possession of valuable assets, including diamonds, which he claimed she had earned through her own efforts. Modi emphasized that their relationship was not driven by material considerations. "There was no role for money in our relationship," he said. "She was my friend, my confidante, and someone who taught me a lot." Despite the public attention their relationship garnered, Modi expressed no regret about their connection, calling it a "very special bond.#ipl #diamonds #humans_of_bombay #lallit_modi #susmita_sen

Pote Files Nomination for Legislative Council from BJP Amid Rana Couple's Absence BJP candidate Pravin Pote Patil filed his nomination for the Legislative Council election from the Amravati Local Authorities Constituency on Monday, appearing in the presence of revenue minister and district guardian minister Chandrashekhar Bawankule, along with senior officials from Mahayuti allies Shiv Sena and NCP. However, the absence of MLA Ravi Rana and former MP Navneet Rana during the event sparked speculation about internal tensions within the ruling alliance. The Yuva Swabhiman Party, led by the Rana couple, is a key constituent of Mahayuti. Pote’s supporters had anticipated Ravi Rana’s attendance, but sources indicated he left for Delhi after participating in a Shiv Parivar programme, while Navneet Rana is also in Delhi. Their absence fueled rumors that the couple had opposed Pote’s candidature. Responding to the speculation, Bawankule dismissed suggestions of a rift, stating he had spoken to Ravi Rana that morning. He emphasized that both Rana and Navneet Rana were out of town and assured that, despite local differences, they would remain committed to Mahayuti. Bawankule also mentioned he would personally engage with them upon their return. Pote, seeking to project unity within the alliance, claimed there was no discord in Mahayuti and expressed confidence in securing a record victory. Contesting from the constituency for the third time, Pote highlighted his strong support among local body representatives and anticipated backing beyond party lines. His candidature was finalized by the BJP on Sunday night, with the nomination filing initially scheduled for May 29 but deferred to Monday.#chandrashekhar_bawankule #navneet_rana #mahayuti #pravin_pote_patil #ravi_rana

Maha Govt To Recheck ‘Ladki Bahin’ Beneficiaries Amid Eligibility Concerns Revenue minister Chandrashekhar Bawankule announced on Monday that the Maharashtra government would conduct a fresh scrutiny of beneficiaries under the Mukhyamantri Majhi Ladki Bahin scheme following allegations that ineligible applicants had received benefits. Speaking to reporters, Bawankule, a Kamptee MLA, stated that discrepancies had already led to the removal of some beneficiaries during verification. He emphasized that a committee-led review would be initiated to ensure that eligible women were not excluded from the program. The review comes amid reports that approximately 80 lakh women were found ineligible for the scheme after the deadline for e-KYC compliance. Opposition parties have criticized the move, accusing the BJP-led government of reducing the beneficiary base due to financial constraints. Bawankule also addressed criticism from Congress legislature party leader Vijay Wadettiwar, accusing the party of failing to address internal dissent before targeting the government. He referenced unrest among Congress municipal representatives, urging the party to introspect. On the issue of women’s reservation, Bawankule accused the Congress of not fully supporting the Women’s Reservation Bill, arguing that its stance weakened efforts to increase women’s political representation. He also responded to remarks by Shiv Sena (UBT) MP Sanjay Raut, who had criticized Prime Minister Narendra Modi. Bawankule defended Modi’s public support, attributing it to his focus on national development and India’s goal of becoming a developed nation. The Ladki Bahin scheme has been a key welfare initiative for the Mahayuti government, which includes the BJP, Shiv Sena, and Ekta Morcha.#bjp #maharashtra_government #shiv_sena #chandrashekhar_bawankule #mukhyamantri_majhi_ladki_bahin