News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic's Claude AI now in Indian Rupees; Pro plan at Rs 2,033
Anthropic has launched Indian rupee pricing for its Claude AI subscriptions. The Pro plan costs Rs 2,033.05/month, the Max plan is Rs 11,999/month, and business Team plans start from Rs 2,399/user/month, making it easier for Indian users. Anthropic has introduced Indian rupee-denominated pricing for its Claude subscription plans in India, with updated pricing now visible across individual and enterprise offerings on its onboarding page. The pricing includes GST for most plans and gives Indian users a clearer view of subscription costs in local currency. Individual User Plans For individual users, the Claude Pro plan is priced at Rs 2,033.05 per month, billed monthly plus GST. The company also offers a yearly billing option that gives a savings of 17 per cent. The Pro plan includes everything available in the free tier along with higher usage limits, Claude Code, Cowork, Claude Design, unlimited projects, access to Research, memory across conversations, access to more Claude models, Claude in Excel and Claude in Chrome. Anthropic has also listed the Claude Max subscription starting at Rs 11,999 per month, billed monthly and inclusive of GST. The Max tier includes all Pro features while offering users the choice of 5x or 20x more usage than Pro, higher output limits across tasks, priority access during periods of high demand, early access to advanced Claude features, and recommendations for Claude Code and Cowork workflows. Business and Enterprise Plans For businesses with 2 to 150 users, Anthropic has introduced a Claude Team plan with two-seat options. The Standard seat is priced at Rs 2,399 per user per month, including GST, with a monthly billing option of Rs 2,999. The Premium seat costs Rs 11,999 per user per month, including GST, or Rs 14,999 when billed monthly, and offers five times more usage than the standard seat. The Team plan includes a 200,000-token context window, usage credits available at API rates, Claude Code, Cowork, centralised billing and administration, single sign-on (SSO) and domain capture, administrative controls for remote and local connectors, enterprise deployment for the Claude desktop app, organisation-wide enterprise search, Microsoft 365 and Slack integrations, and a commitment that customer content is not used for model training. The introduction of local pricing across Claude's subscription tiers could make it easier for Indian individuals, startups and enterprises to evaluate and adopt the AI assistant without having to calculate costs in foreign currency. With plans now clearly priced for different categories of users, Anthropic is offering options that cater to everyone from individual professionals to large organisations. (ANI) (Except for the headline, this story has not been edited by Asianetnews Editorial staff and is published from a syndicated feed.)
SPCX Stock Slides Ahead Of Nasdaq-100 Debut: Billionaire Value Investor Says Its 'Third-Rate' AI Is Getting 'Kicked Around' By Anthropic, OpenAI
SpaceX will join the Nasdaq-100 on Tuesday, creating automatic demand from ETFs and mutual funds tied to the index, including QQQ. * Its initial index weight is expected to be limited to about 1% to 1.3% because less than 5% of shares were sold publicly. * Insider lockups could create future selling pressure, with some restrictions expected to expire 70 to 135 days after the June 12 IPO. * Jeremy Grantham criticized SpaceX's valuation, calling it the "craziest IPO in the history of man" and saying the company is "rolling in red ink." SpaceX entered its Nasdaq-100 debut week under pressure, with passive index demand set to kick in even as Jeremy Grantham questioned whether the company's AI-driven valuation can withstand scrutiny. Add Asianet Newsable as a Preferred Source SPCX stock fell 1% on Monday, extending a pullback after losing another 1% over the past week. Shares were also down 2% overnight late Monday. SpaceX Joins Nasdaq-100 SpaceX is set to enter the Nasdaq-100 at the start of trading on Tuesday, triggering automatic demand from index-linked mutual funds and ETFs, including Invesco's QQQ. The company was fast-tracked into the benchmark under rules designed to include newly public megacap companies sooner. Still, its initial index weight is expected to be limited by its small public float. SpaceX sold less than 5% of its shares in last month's public offering, while employee and insider lockups restrict additional supply. Since Nasdaq adjusts weights based on free float, SpaceX is expected to enter with an index weight of about 1% to 1.3%, far below what its $2 trillion market value would otherwise imply. The Nasdaq-100 debut also comes with a future supply risk. Some insider lockups are expected to expire in tranches between 70 and 135 days after SpaceX's June 12 IPO, while CEO Elon Musk's shares and certain large-holder restrictions are expected to remain locked for about a year. Jeremy Grantham Slams SPCX Valuation The index debut comes as Grantham, investment strategist at GMO, criticized SpaceX's valuation. Grantham is a legendary value investor known for repeatedly warning about major market bubbles, from Japan in 1989 and the dot-com peak in 2000 to the 2008 housing crisis and today's AI-driven valuations. In a Morningstar interview, Grantham called SpaceX the "craziest IPO in the history of man," arguing that investors may look back on the prospectus decades from now as a symbol of market excess. He said the company is "rolling in red ink" despite its towering valuation, and argued that much of the long-term case rests on aggressive AI assumptions. Grantham said 90% of the projection depends on SpaceX's "currently third-rate AI offering," which he said is being "kicked around the block" by Anthropic and OpenAI. xAI, acquired by SpaceX in an all-stock deal in February 2026 and now being rebranded as SpaceXAI, gained further momentum in June with SpaceX's $60 billion all-stock acquisition of Cursor parent Anysphere. The deal is expected to bolster Grok by combining Cursor's coding intelligence and developer data with xAI's Colossus supercluster. The AI push is unfolding as rival AI leaders Anthropic and OpenAI prepare for mega public listings, with private valuations of about $965 billion and $852 billion, respectively. Grantham acknowledged that index inclusion could lift the stock in the short run as forced buying may outstrip available supply: "So supply and demand being what it is, it's hard to imagine the price won't go up, and perhaps it will go up a lot." But he warned that the longer-term risk remains severe, saying he would "bet at least 90%" on a crash rather than SpaceX ultimately justifying its current valuation. Grantham also questioned SpaceX's broader AI and space assumptions, saying some productivity claims show "no idea what they're talking about" and that much of the space-travel ambition in the prospectus would be viewed by serious physicists as "utterly inconceivable." How Do Retail Traders Feel About SPCX? On Stocktwits, retail sentiment for SPCX flipped to 'bearish' levels over the past week from 'extremely bullish' levels at the time of listing amid a massive 26,150% surge in message volumes over the past month. One user said, "$SPCX The 'Forced' Buying begins. Puts will go to ZERO." View this Stocktwits post Another user said, "$SPCX only about 10% of the inclusion has actually happened. The largest bulk will occur tomorrow around 3 PM." View this Stocktwits post For updates and corrections, email newsroom[at]stocktwits[dot]com.<
