CELL OPERATORS
MeitY flags physical AI data; US data centre woes may help India
Happy Friday! MeitY is examining how home services platforms collect household data to train physical AI models.This and more in today’s ETtech Morning Dispatch.
Beyond being Allu Arjun's wife: Who is Allu Sneha Reddy? Know about her education, career, founder journey and new role at Baoli Art Sangam
Allu Sneha Reddy, the wife of actor Allu Arjun, has taken on a significant role at Baoli Art Sangam. She aims to promote the cultural heritage of Hyderabad through her new position. Sneha previously worked in her father's educational institution in Hyderabad after graduating from the Massachusetts Institute of Technology. The couple's love story began years ago, leading to marriage in 2011.
MeitY probes physical AI data use; Nvidia CEO Jensen Huang resigns
MeitY is reviewing the practice of collecting first-person video and sensor data from gig workers to train physical AI models. This and more in today’s ETtech Top 5.
Ola Electric’s Q2 revenue slumps 39% to Rs 421 crore, losses narrow
The company said it has stopped taking orders from its direct-to-consumer stores on Nov 1, and plans to close them by December. The company, which had announced a pivot to a dealership model in August, now has 255 dealer partners operating over 300 stores, it said in its letter to shareholders.
Demand no longer a constraint: Ola Electric's Bhavish Aggarwal on Q2 earnings call
The bottleneck is not Ola's own plant, which Aggarwal said in his post already has high installed capacity, but its suppliers. About 5,000 vehicles with paid orders in September were delayed by a week into October because chargers were unavailable.
Ola Electric says demand outstrips supply, targets 25,000 vehicles in December
Ola Electric Mobility is experiencing high demand for its electric two-wheelers, causing supply constraints. The company plans to ramp up production to approximately 25,000 vehicles by December. Despite these plans, recent losses were reported along with a decline in consolidated revenue from operations. Ola Electric has significantly reduced its borrowings and expects to generate free cash flow soon.
Ola Electric Q2 Results: Loss narrows YoY to Rs 362 crore, revenue falls 39%
Ola Electric Q2 Results: The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
NIA to probe online radicalisation of youths by Pakistan-based gangster
The National Investigation Agency is probing the online radicalisation of Indian youths linked to terrorist activities. This stems from a case registered by the Uttar Pradesh Anti-Terrorist Squad in April. Eight accused have been identified, including Shahzad Bhatti, who is associated with the ISI. The investigation revealed plans for major disruptive acts by Pakistani sleeper cells in India. Authorities aim to disrupt these operations to maintain internal peace and harmony.
Dario Amodei says AI could make cancer, Alzheimer’s ‘relics of the past’ in less than a decade as Anthropic expands AI-driven drug discovery push
Anthropic is collaborating with several pharmaceutical companies to utilize AI in drug development processes. These partnerships aim to improve the efficiency of drug discovery, addressing complex challenges in medical research. Notable projects include redesigning therapeutic molecules and accelerating antibody designs for various diseases. Anthropic has also initiated its own research on rare childhood muscular dystrophies, targeting potential clinical trials by late 2028.
Andaman co-operative bank 'fraud' case: ED attaches semi-submarine tourist vessels, other assets
A fresh prosecution complaint (chargesheet) was also filed in the case on November 6 before a special Prevention of Money Laundering Act court located in Port Blair. A provisional order was issued under the PMLA on November 5 attaching a total of 35 immovable and five movable properties, the agency said in a statement. The total value of these assets is Rs 121.35 crore, the agency said.
HEG Advanced Materials shares gain 5% after subsidiary secures Rs 610 crore incentive under ECMS
HEG Advanced Materials shares rise 5% after subsidiary TACC receives ₹609.50 crore incentive approval under the ECMS scheme for its Dewas synthetic graphite anode project, supporting domestic battery manufacturing, capacity expansion and India's advanced energy storage ecosystem. The first production phase targets commissioning by June 2027.
India's three-wheeler market takes an electric turn, with one in two new sales now EVs
Electric three-wheelers are increasingly popular in India, with sales significantly rising and concerns about fossil fuels decreasing. Mahindra Last Mile Mobility now produces a large number of e-rickshaws to meet growing demand. Drivers like Afroz Alam have reported substantial savings after switching from gas-powered models to electric versions. Analysts attribute this shift to lower operational costs and government subsidies promoting EV adoption.
Tamil Nadu's TB care initiative records at least 38% reduction in deaths
As part of the study done by ICMR National Institute of Epidemiology (NIE) and Tamil Nadu State TB Cell, the reduction was observed under the Tamil Nadu Kasanoi Erappila Thittam (TNKET), a state-specific programme aimed at making the state TB-death-free, the researchers said.
Nine rescued after ceiling slab collapses in Thane building
On Sunday morning in Thane, a ceiling slab of a flat collapsed, trapping residents inside. Rescue operations involving the fire brigade and local police quickly followed, ensuring safety for all trapped individuals. Nine residents, including an elderly couple, were successfully brought out unharmed after the incident. The collapse occurred in a four-storey building known as Ganraj Society located in Vartak Nagar.
Deportation of wanted gangster Afridi secured after 10-month international manhunt
In a remarkable operation, Punjab Police has successfully extradited gangster Gurwinder Singh, known as Afridi, from Ethiopia after an extensive manhunt. Wanted for over 30 criminal cases, Afridi eluded capture using a fake passport. This international endeavor showcases the dedication of law enforcement agencies in uniting their efforts to dismantle organized crime, marking a significant win for public safety.
Adani Enterprises plans Rs 35,000-40,000 crore annual capex in next two years
Adani Enterprises intends to invest between Rs 35,000 crore and Rs 40,000 crore annually for upcoming years. The major areas of focus will be airports, data centres, and a PVC manufacturing complex. Recently, the company reported strong financial growth, with a notable increase in EBITDA and revenue. This investment cycle aims to enhance operational capabilities and generate returns from new assets.
US detains Harry Boxer, close aide of Lawrence Bishnoi
Harry Boxer, identified as a key operative of the Lawrence Bishnoi gang, has been detained in California. He is linked to multiple criminal cases across various states in India and has gained notoriety for extortion. Boxer's involvement includes threats to Bollywood actors and connections to violent incidents. Indian authorities are preparing legal actions to secure his return from the United States.
Websol Energy Q2 Results: PAT jumps 73% YoY to Rs 80 crore; revenue more than doubles to Rs 361 crore
Websol Energy System reported a 73.2% rise in Q2FY27 net profit to Rs 80.21 crore, while revenue surged 114.6% to Rs 361.02 crore. The company plans a 4 GW solar cell manufacturing expansion at Falta and entry into EPC, solar IPP and energy trading businesses.
Battery component makers may get up to 50% capital subsidy
The ministry of heavy industries is evaluating various subsidy models to enhance domestic battery component manufacturing capacity. Proposed support includes capital subsidies and sales-linked incentives to promote local production. India aims for sufficient manufacturing capacity to support 50 GWh of annual battery cell production by 2032. Current costs of battery materials are significantly higher compared to those from China.
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