Evening Edition

November 3, 2026

India is ChatGPT's largest market, OpenAI says; users doubled since January OpenAI India's head says India is ChatGPT's largest market by weekly users, doubled since January, with UPI plans coming. Claims, context and gaps.
Anthropic's IPO filing says AI-led AI development may be imminent Anthropic's amended IPO filing says it may imminently meet its own bar for AI-accelerated progress. What the filing says, what leaked, and who is sceptical.
PowerUp Money raises $10 million to push AI-led wealth advice Wealthtech PowerUp Money raised $10 million led by Flourish Ventures. It claims 1.5 million users and 1 lakh paid members; what is verified and what is not.
GIVA raises Rs 975 crore led by Multiples PE, plans 160 new stores Jewellery brand GIVA raised about Rs 975 crore (over $100 million) led by Multiples PE, and says it will open 160 stores in FY27. Numbers and open questions.
Vartis launches UdhaarSaathi small-business loans, eyes Rs 1,000 crore Vartis Platforms, parent of LenDenClub, launched UdhaarSaathi for loans of Rs 15,000 to Rs 2.5 lakh to small shops, targeting Rs 1,000 crore by March 2027.
FDA finalises potency guidance for cell and gene therapies FDA issued final guidance on 2 November 2026 telling makers of cell and gene therapies to prove every batch works before it reaches a patient. What changes.
RBI absorbs Rs 23,905 crore of surplus cash as banks park Rs 1.9 lakh crore RBI took in Rs 23,905 crore at 5.49% in a 3 November reverse repo auction; banks parked Rs 1.9 lakh crore with it on 2 November. What it means.