LOGISTICS AUTOMATION
TReDS sees a festive boost; Nykaa’s growth strategy
Happy Friday! Festive inventory demand has lifted invoice financing on TReDS platforms. This and more in today’s ETtech Morning Dispatch.
Lenskart shares rally over 10% as strong Q2 triggers target price hikes. What are Jefferies and Morgan Stanley saying?
Lenskart shares surged over 10% after the company reported a 122.1% year-on-year rise in consolidated profit to Rs 227.08 crore for the September quarter. Strong Q2 results prompted brokerages Jefferies, Morgan Stanley and Motilal Oswal to raise their target prices, citing robust revenue growth, margin expansion opportunities, competitive advantages and the company's long-term growth prospects.
Lenskart outlines roadmap for 25% Ebitda margin, says growth will take priority
In its shareholders' letter for the July-September quarter, the company said its strategy centred on controlling the entire value chain, from manufacturing frames and lenses to selling products directly to consumers, allowing it to retain margins otherwise distributed among suppliers and retailers.
India’s small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
ET Product of the Year Awards 2026: Categories recognising products driving market impact
The Economic Times Product of the Year Awards 2026 celebrate cutting-edge innovations that make a substantial difference in the market and attract customer loyalty across diverse industries. Categories feature Enterprise SaaS, FinTech, Cybersecurity, as well as consumer goods such as banking solutions and smartphones. Judging criteria prioritize market presence, adoption rates, creativity, and execution excellence, with an emphasis on quantifiable achievements.
Maxop Engineering buys majority stake in Faith Automation
Faith manages every stage of a project, from process planning and mechanical design through robot programming, system integration and on-site commissioning. It has revenues of around Rs 300 crore. Its clients include Honda, Mahindra & Mahindra and Stellantis. The company's founding team led by Nilesh Pandhare and six of his colleagues previously worked at Italian firm Comau, which was part of Stellantis.
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China's robot makers have mastered the moves. Now comes the race for brains
The shift is fuelling an investment boom in embodied AI, a field focused on software that allows robots to understand their surroundings, learn unfamiliar tasks and adapt without having to be programmed for every job.
Fintechs fortify cyber defences; Logistics cos in the speed lane
Happy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morning Dispatch.
New GST norms to simplify pan-India expansion for D2C brands
Among a set of changes approved by the 57th GST Council meeting on October 8, are new rules that allow brands to declare an ecommerce platform's warehouse as their local principal place of business (PPO) starting November 1, subject to conditions.
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
You make your own reality: Amrit Acharya left US job to build Zetwerk in India despite his father’s initial scepticism; years later, his father stood beside him as company went public
Amrit Acharya, CEO of Zetwerk, marked the company's public listing at the National Stock Exchange. Acharya faced skepticism from his father initially, but his views changed over time. After returning to India with his wife, he co-founded Zetwerk, focusing on a global manufacturing platform. The company reported significant revenue growth, yet faced a net loss mainly from a discontinued business.
Versigent leases nearly 3 lakh sq ft of industrial space in Chennai
The company will pay a monthly rent of Rs 1.08 crore for the space, at a rate of Rs 37 per sq ft per month. The agreement includes a security deposit of Rs 6.48 crore and provides for a 15% escalation in rent every three years.
Stocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold
Indian equity markets have faced a decline for four consecutive sessions, with the Nifty falling significantly. Various factors, including selling by foreign investors and rising crude oil prices, have contributed to this downturn. Notable stocks such as Infosys and Kotak Mahindra Bank have attracted investor attention due to their quarterly earnings. Upcoming developments may influence market sentiment further as investors remain watchful.
Lenskart, Meesho among top picks as value retail leads India's consumption story: Siddhartha Khemka
Value-focused retail formats are growing, while premium categories experience challenges due to stock availability issues. Recent demand fluctuated with a dip noted in September and October, with expectations for improvement in mid-October. Beauty products significantly influence sales, contributing to the overall trends in the market. Rural incomes may pose risks to discretionary spending as festive season approaches. Companies with effective inventory management and store-level traction are better positioned for growth.
Zetwerk Manufacturing shares list at 5% premium over IPO price
The Rs 5,012.33 crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares worth approximately Rs 2,182 crore. While the proceeds from the fresh issue will go to the company, the OFS proceeds will accrue to the selling shareholders.
AI in supply chain management: How enterprises are rethinking warehousing, forecasting and delivery
AI is changing supply chain management by helping businesses forecast demand, position inventory, automate warehouses, and improve delivery planning. As quick-commerce companies build operations around speed, established enterprises are exploring how similar capabilities can improve efficiency across complex networks. The challenge is connecting systems and translating better predictions into measurable operational gains.
TVS ILP leases 80k sq ft at Visakhapatnam park in Andhra to Yokohoma group
TVS ILP has leased 80,000 square feet in Visakhapatnam to ATC Tires for a new warehouse. This facility will support domestic distribution and export operations for Yokohama passenger car tires. The development is expected to create local employment opportunities in the region. Visakhapatnam's strategic location provides significant advantages for various industries seeking to grow. This partnership is key in enhancing operational efficiencies and logistics infrastructure for ATC Tires.
Wipro GE HealthCare considering fifth India plant, plans to double exports
Wipro GE HealthCare is evaluating options for a new manufacturing facility in India to enhance operations. The company operates four plants and seeks to double global exports while focusing on local sales growth. A significant investment of Rs 8,000 crore is planned over five years to support this initiative. The domestic medical equipment market is projected to grow annually by 10-11%, creating opportunities for Wipro GE HealthCare.
UltraTech commissions Rs 2,650 crore cement plant in Andhra Pradesh in 14 months
The integrated cement plant, located in Petnikota village in Kolimigundla mandal in the Rayalaseema region, has a clinkerisation capacity of 3.3 million tonnes a year and cement dispatch capacity of 3.6 million tonnes a year.
Online festive sales fizzle; Snowflake CEO on AI’s impact on software
Happy Monday! Festive ecommerce sales have slowed down this year, we tell you why. This and more in today’s ETtech Morning Dispatch.
Which college degrees and career paths in the US are least exposed to AI? These 25 fields stand out
The rise of AI is transforming the workforce in unprecedented ways, sparking worries among new graduates about their career prospects. Industries such as computer science and journalism face a high risk of AI-related changes. Meanwhile, fields like health care and social work remain largely insulated. Graduates are advised to focus on roles that leverage human creativity and critical thinking.
Low-cost jobs will be taken over by AI, most worried about outsourced ones: Workday CEO
Workday Chairman and Chief Executive Officer Aneel Bhusri told reporters at the Workday Rising Summit that AI will not lead to jobs moving out of the US or first-world countries, but may do the opposite.
Zetwerk Manufacturing Business IPO Day 2: GMP at 9%; Check subscription status, and key details
Zetwerk Manufacturing Business’ IPO entered its second day of bidding on October 16 after garnering 23% subscription on Day 1. The retail category was subscribed 22%. The IPO’s grey market premium stood at 9%, suggesting potential listing gains, though GMP is unofficial and does not guarantee listing performance.
Origin raises $20 million to scale construction robots, targets 150 deployments by 2027
The San Francisco and Bengaluru based company, which emerged from stealth, will use the capital to build out its robot fleet and conduct customer pilots, including with two of the largest drywall finishing contractors in the US. Further pilots are planned in Germany, Sweden, France and Saudi Arabia.
Zetwerk's Rs 5,012 crore IPO opens for subscription; GMP signals 15% listing gain, check details
The Rs 5,012.33-crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares valued at approximately Rs 2,182 crore.
Want an early signal on the economy and stocks this festive season? Watch 19 stocks, and what their managements say in the next 20 days
There is a set of companies that sees the shape of the economy before economists do. They know when a household decides to spend or hold back; to buy better things or cheaper ones. This festive season, what these companies sell, and what they say about it afterwards, will tell you more about where consumption is headed than any official number. Watch them closely. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue official
During the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to implement these reforms collectively with state administrations to ensure uniformity. A working group will review issues related to input tax credit eligibility and supplier tax payments, aiming to relieve genuine taxpayers. The Bangalore Chamber of Industry and Commerce shared proposals to simplify GST compliance and policies.
Zetwerk's Rs 5,012 crore IPO to open this week. Check price band, other details
Zetwerk Manufacturing Business has set its IPO price band at Rs 143–151 per share for its Rs 5,012.33-crore issue opening on October 15. The offering includes a fresh issue of Rs 2,830 crore. Proceeds will primarily fund debt repayment and strategic acquisitions to support its expansion.
Suzlon investing Rs 550 crore to set up 3 AI-powered wind blade factories in Gujarat, Karnataka, Tamil Nadu
Suzlon Group plans to invest Rs 550 crore in three new AI-powered blade factories across India. These facilities will enhance production capabilities and meet rising domestic wind industry demands. Two factories will be located in Gujarat and Karnataka, while the third will be in Tamil Nadu.
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