Anthropic IPO rocks Indian IT; Why Walmart is in no hurry to list Flipkart

Anthropic’s US IPO filing sent Indian IT stocks lower on Tuesday. This and more in today’s ETtech Top 5. Also in the letter:■ Data protection body remains empty■ Urban Company's QIP plans■ Cert-In's rush for PHP patchAnthropic files for IPO; TCS, Infosys, other IT stocks drop up to 3%135236172Anthropic unveiled its US IPO filing on Monday, laying out its ambitions to build AI systems capable of transforming the global economy while confronting the costs and challenges of developing the technology. However, the news sent shares of Indian IT giants tumbling on Tuesday. What happened: Tata Consultancy Services (TCS), Infosys, Wipro, HCLTech, and Tech Mahindra fell up to 3% on Tuesday. On the flip side, overnight, AI-linked stocks gained abroad.

First reported by The Economic Times. This page is a short excerpt; the full text is theirs.