Latest news with #KrishnaRao
The Hindu
20 hours ago
- Politics
- The Hindu
Congress stages protest in Srikakulam against ‘misuse' of Central agencies by NDA govt.
The Srikakulam district president of the Congress, Ambati Krishna Rao, alleged that the Union government was misusing Central government organisations such as CBI, ED, Income Tax, Election Commission of India and other statutory bodies for its own political gains while ignoring the administration which is supposed to be done in accordance to the guidelines of the Indian Constitution. Along with party leaders, he participated in Samvidhan Bachao Abhiyan organised in Srikakulam on Saturday (June 28, 2025). He alleged that the Election Commission of India turned into a puppet in the hands of the Union government it was evident with huge difference between polled votes and voted counted during Maharashtra elections. He alleged that the ECI has been doing many mistakes intentionally in revision of voters' list in Bihar where Assembly elections would be held very soon. Mr. Krishna Rao has also alleged that the State government was also ignoring rules and regulations in its administration and putting the State in a debt trap. DCC vice presidents K.V.L.S. Eswari, Ijjorothu Ramana and others participated in the protest.
The Hindu
17-06-2025
- Politics
- The Hindu
Sharmila's Srikakulam visit set to strengthen Congress: Ambati Krishna Rao
In order to strengthen the Congress party in its traditional stronghold, Srikakulam District Congress Committee President Ambati Krishna Rao announced on Tuesday that PCC President Y.S. Sharmila Reddy will visit the district on June 19. During her visit she will give a clear direction for the improvement of the party in all mandals of Srikakualm district. Addressing the party leaders at a meeting in Indira Vignan Bhavan he asked them to highlight important issues such as the Vamsadhara Phase-2, a vital irrigation project initiated by the previous Congress government, that has been completely neglected to the notice of the PCC President during the review meeting. He criticised the successive government's for failing to prioritise irrigation projects and revival of sick industries. He said: 'The district has not witnessed any development since 2014.' During the meeting Mr. Krishna Rao also focused on the upcoming local body elections scheduled for next years. He said that the selection of candidates keen to contest the ZPTC and MPTC seats will begin following guidance from the PCC president. Mr. Krishna Rao directed leaders of frontal organisations —Congress Seva Dal, Indian Youth Congress, All India Mahila Congress, INTUC, and the NSUI to make Ms. Sharmila's tour a grand success and submit reports in regards to their activities in the last six months.
CNBC
16-05-2025
- Business
- CNBC
Anthropic closes $2.5 billion credit facility as Wall Street continues plunging money into AI boom
Earlier this week, Anthropic received a $2.5 billion, five-year revolving credit line to amp up its liquidity in an ever-expanding — and expensive — competition in the artificial intelligence industry. Anthropic, founded by former OpenAI research executives, launched its Claude chatbot in March 2023. The company closed its latest funding round in March at a $61.5 billion valuation, and the new credit facility adds to that. The company said it plans to use it to strengthen its balance sheet and invest as it scales rapidly. Annualized revenue reached $2 billion in the first quarter, the company confirmed, more than doubling from a $1 billion rate in the prior period. Revenue chief Kate Jensen said in a recent interview with CNBC that the number of customers spending more than $100,000 annually with Anthropic jumped eightfold from a year ago. Morgan Stanley, Barclays, Citibank, Goldman Sachs, JPMorgan, Royal Bank of Canada and Mitsubishi UFJ Financial Group all participated in the credit facility. Companies are seeking more funding and liquidity than ever before as the AI arms race intensifies. The generative AI market is poised to top $1 trillion in revenue within a decade. Companies from Google and Amazon to Anthropic and Perplexity are racing to announce new products and features, especially as the race to build "AI agents" intensifies. "This revolving credit facility provides Anthropic significant flexibility to support our continued exponential growth," Krishna Rao, Anthropic's finance chief, said in a statement. "The backing of these global financial institutions is a testament to the strength of our business and the resonance of our mission." OpenAI announced similar news in October, when CNBC reported it had received a $4 billion revolving line of credit. The influx brought the company's total liquidity to more than $10 billion and came soon after it closed a funding round at a then-valuation of $157 billion. JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC all participated. OpenAI's base credit line is $4 billion, with an option to increase it by an additional $2 billion.
Hans India
04-05-2025
- Politics
- Hans India
Poor urged to utilise govt schemes to save money
Wanaparthy: ExciseMinisterJupally Krishna Rao participated as a chief guest along with District Collector Adarsh Surabhi at an awareness seminar in Panagal Mandal on Saturday. Speaking about Indiramma housing, he advised that only the most eligible and genuinely poor should be recommended by the committees. On social issues, the minister expressed concern that poor people are falling into debt due to unnecessary celebrations and expenses. He criticised the trend of private schooling, private healthcare, and excessive functions, leading to financial strain. 'The government is investing in public education infrastructure and teacher appointments, and people should send their children to government schools to save money,' he stressed. Speaking on awareness about Bhu Bharati Act, he said that ancestral lands, lands bought through hard work, government-given lands to the poor (Poramboku lands), and even valuable government lands were lost due to the deceptive Dharani Act. 'Soon, the village revenue systemwould be reintroduced, and land records would be properly safeguarded,' said Jupally. He also said that revenue officials are responsible for identifying encroached lands in Chinnambavi and Panagaland restoring them as government property. Later, the Collector informed that pamphlets about the Bhu Bharati law are being distributedto raise awareness among the locals and that once implemented, people must refrain from citing ignorance about the law. 'Make use of these awareness events,' he stressed.
Hans India
02-05-2025
- Science
- Hans India
Telangana 10th Class Advanced Supplementary Examinations: Schedule, Fee Details for June 2025
The 10th class advanced supplementary examinations will be conducted from June 3 to June 13, according to Krishna Rao, Director of the Government Examinations Department. He mentioned that the examinations for the main subjects will conclude on June 11. The examination schedule was released on Thursday. The exams will be held daily from 9:30 AM to 12:30 PM. However, the science examinations will be conducted only from 9:30 AM to 11:00 AM. Meanwhile, students who have failed or wish to take improvement exams to score higher marks can pay the exam fee until the 16th of this month. The fee can be paid up to two days before the exam with an additional fine of Rs. 50.
