MAHESHWARI
PhysicsWallah Q2 net profit doubles to Rs 144 crore, revenue rises 18%
The recovery followed a disruption to the admission cycle after the NEET UG (National Eligibility cum Entrance Test - Undergraduate) results were delayed till July 16. Although online enrolments for the medical entrance examination grew over 30% in the September quarter, the company said admissions and collections for the full admission cycle remained below last year.
Ode to a compassionate algorithm: Philanthropists are backing AI for public good
From Flipkart’s Binny Bansal to Chrys Capital’s Ashish Dhawan and Karishma Sanghvi of Sun Pharma, a growing number of entrepreneurs are writing cheques for AI that can diagnose diseases, empower teachers, modernise courts and strengthen public services, betting that the technology can create social returns as significant as commercial ones.
Surat student wins prize for tool that predicts groundwater
A Surat school student has won a national innovation challenge for developing JALAAKAR, a machine-learning project that estimates groundwater availability using borewell records, rainfall and soil data. Nine other projects were also recognised for innovations in water safety, cybersecurity, road safety, hazardous-environment protection and assistive technology.
Farmer bought land at less than stamp duty value, got income tax notice; How DVO report helped him win Rs 18.24 lakh tax dispute in ITAT Surat
Mr. Desai, encountered difficulties with the Income Tax Department after purchasing land for a price less than the stamp duty value. The Income Tax Department attempted to levy taxes on an Rs 18.24 lakh discrepancy, but his Chartered Accountant opposed this claim. The case was sent to the Departmental Valuation Officer, who appraised the land at Rs 14.08 lakh.
Lenskart, Nykaa, PhysicsWallah see Q2 profits surge
New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.
Honeywell leaning on physical AI to net $1 billion India revenues
The $69 billion building, process, and industrial automation giant, carved out from the Honeywell industrial conglomerate as part of a companywide restructuring, is betting big on physical AI, leveraging its hardware and software experience, Anant Maheshwari, president of strategy and president & CEO of global regions told ET in an interview.
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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.
Indus Towers starts earning revenue from Africa expansion
Indus Towers has initiated its expansion into Africa by deploying towers in Zambia and Uganda. The company aims to start operations in Nigeria soon while focusing on generating revenue from established markets. Indus Towers plans to build upon its shared-infrastructure model by engaging additional customers for its towers. The company has reported a growth in its overall tower base, reflecting its ongoing success in the Indian market.
Mochatrade raises $5.5 million to bring US stock trading closer to Indian traders
Mochatrade has raised $5.5 million in funding to enhance its trading platform for Indian users. The platform allows users to trade US stocks without needing a US brokerage account. It also permits Indian traders to manage funds in rupees, simplifying the entire trading experience. Future plans include introducing contracts linked to pre-IPO companies and other features.
The Red Pen and Admit Beacon merge MBA and Business Master’s Admissions Services, backed by U.S. News & World Report
Admit Beacon will become the dedicated business school admissions arm for both organisations, led by Founder and CEO Niketa Desai. The Red Pen will focus on boarding school, undergraduate and non-business postgraduate admissions.
Honasa Consumer elevates Vipul Maheshwari to chief product & technology officer
In his new role, Maheshwari will lead the company’s product, technology, engineering and analytics functions. His main task will be to advance Honasa’s plans to use artificial intelligence (AI) in its business, including agentic AI, which refers to AI systems that can carry out multi-step tasks with human oversight.
Deepinder Goyal’s Dark.ai could be Eternal’s dark horse, but is it too early to bet?
Eternal’s Dark.ai, a privacy-focused AI assistant developed under Deepinder Goyal, could open a new growth avenue for the company. While brokerages see potential in the experimental venture, its commercial viability remains untested. With pricing, monetisation and profitability still unclear, investors may have to wait before assessing its earnings potential.
AI hiring startup Hunar.AI raises Rs 40 crore from Blume Ventures, others
The AI-hiring startup plans to use the money for AI infrastructure, product development and sales and market expansion, targeting businesses that need to recruit and manage large workforces across locations and languages.
UltraTech Cement announces board reshuffle; KC Jhanwar to become non-executive vice chairman from January 1
UltraTech Cement on Monday announced a board reshuffle, with Managing Director Kailash Chandra Jhanwar set to become non-executive vice chairman from January 1, 2027, replacing KK Maheshwari, who will step down citing personal commitments.
Jio valuation matrix: Why are RIL investors looking past headline IPO size?
Reliance Industries is gearing up for the highly anticipated Jio Platforms IPO, which is expected to generate significant capital. Despite this, recent declines in RIL shares reveal a cautious mood among investors about potential future gains. Analysts note that although the IPO could establish Jio's market valuation, immediate advantages for RIL shareholders remain unclear, given concerns about refining margins, capital needs, and core business performance affecting sentiment.
India is now biggest country exposure for Fairfax, we have zero bets on AI: Prem Watsa
Canadian billionaire Prem Watsa's bet on IDBI Bank is backed by faith in the Indian economy, he told Mohit Bhalla and Sruthijith KK in a phone interview. The government Wednesday approved the divestment of a majority stake in IDBI Bank to Watsa's Fairfax Financial Holdings. Watsa, 76, who was born near Hyderabad and studied at IIT-Madras, migrated to Canada in the 1970s. Started by him as an insurance company, Fairfax Financial now has assets of over $100 billion. Edited excerpts from the interview are in the copy.
Jefferies sees 76% upside in Kalyan Jewellers in bull case; here is why
Jefferies has reiterated a Buy rating on Kalyan Jewellers, setting a base target of Rs 830 and a bull-case target of Rs 1,000, implying a 76% upside. The brokerage highlighted market-share gains, store additions, and structural shifts to organised retail as primary long-term growth triggers for the stock.
Asian Games Medal Tally October 2: What is India’s rank? Full list of gold, silver & bronze medal winners
Asian Games 2026 Medal Tally: India has achieved significant success at the Asian Games 2026, ranking fifth with a total of 79 medals. The country's tally includes 16 gold, 27 silver, and 36 bronze medals, which were earned across various sports. A highlight was the women's hockey team winning gold after defeating China, marking a historic victory since 1982. Additionally, several other medals were secured in shooting, archery, and athletics.
Samvardhan: Architecting scalable infrastructure and enterprise growth at India Mobile Congress 2026
India Mobile Congress (IMC) is set to take place in New Delhi from October 7-10, spotlighting the future of global connectivity and digital infrastructure. With its primary focus on Samvardhan, the summit will feature discussions around manufacturing, market access, and cutting-edge technologies led by industry experts, all aimed at transforming India's technological landscape.
Asian Games 2026: Who has won medals so far? Complete list of India's medal winners, latest medal tally
India Medal Tally at Asian Games 2026: India added a silver in the men's marathon, a silver in women's shooting and a bronze in mixed doubles squash on day 7 of the Asian Games 2026 in Aichi-Nagoya, taking the country's overall medal count to 26 and its rank to 12th. China continues to lead the table by a wide margin, followed by hosts Japan and South Korea.
Asian Games 2026: Anant Jeet Singh Naruka and Parinaaz Dhaliwal win bronze in mixed team skeet event
Anant Jeet Singh Naruka and Parinaaz Dhaliwal secured a bronze medal in the mixed team skeet event. They achieved a score of 44 during the final rounds. This accomplishment brings India's total medal tally in shooting to eight, including four silver and four bronze medals. The Indian duo qualified for the final by finishing fourth in the qualification round.
PhysicsWallah's Alakh Pandey to move base to South India for business expansion
Taking the first step in this direction, PhysicsWallah (PW) has signed a five-year partnership with Mohan Babu University (MBU) through which it will provide online AI, skilling and career-focused courses to nearly 18,000 students of the university.
Asian games Wushu: Roshibina Devi defeats Indonesia’s Thania Kusumaningtyas; advances to finals
Asian games 2026 saw Indian wushu player Roshibina Devi advanced to the women's 60kg Sanda final on Wednesday and has assured a silver medal. She scored 2-0 against Indonesia’s Thania Kusumaningtyas, wining the semi-finals. Devi was not part of the original squad but was placed after Divyanshi Chaudhary's removal due to her injury. The Indian Wushu player will face China's Zhang Xiaoyu in the final tomorrow.
Asian Games 2026: Deepika's nine-goal blitz powers India women's hockey team to 20-1 win over Thailand
India's women's hockey team achieved a remarkable victory over Thailand by scoring 20 goals in their match. Deepika led the team with nine goals, supported by teammates Navneet Kaur and Rutuja Dadaso Pisal. Previously, India won matches against Uzbekistan and Indonesia with significant scorelines. India's men's kabaddi teams also secured victories on the same day, contributing to a successful outing.
Asian Games 2026: India win team bronze medals in men’s and women’s skeet
The Indian men's and women's skeet shooting teams secured bronze medals at the Asian Games in Nagoya. The women's team, consisting of Raiza Dhillon, Maheshwari Chauhan, and Parinaaz Dhaliwal, achieved a historic first bronze. In the men's competition, Anantjeet Singh Naruka and his teammates also received bronze for their performance. Individual podium finishes were not achieved by Indian shooters, despite strong efforts in the finals.
Asian Games: Jay Meena wins India's maiden soft tennis medal with men's singles bronze
Jay Meena made history by winning India's first bronze medal in soft tennis at the Asian Games. He reached the semi-finals after defeating Sherwin Nuguit from the Philippines in the quarter-finals. Meena's journey ended with a loss to Takuya Kurosaka of Japan in the semi-finals. His victory contributed to India's overall medal tally, which now stands at ten.
Asian Games: Indian table tennis pairs Harmeet-Yashaswini, Manush-Diya enter mixed doubles quarter-finals
Indian table tennis pairs Harmeet Desai-Yashaswini Ghorpade and Manush Shah-Diya Chitale advanced to the quarter-finals. Manush and Diya won their match against Maldives with a score of 3-0. Harmeet and Yashaswini secured their place by beating Hong Kong pair 3-1. Meanwhile, India's shooting team earned two bronze medals in skeet events on the same day. Overall, India's medal tally reached 10, reflecting their diverse achievements at the Games.
Roshibina Devi assures third successive Asian Games medal, Aryan Thakur loses in soft tennis
Indian wushu star Naorem Roshibina Devi assured her third successive Asian Games medal after advancing to the women's Sanda 60kg semifinals with a 5-0 win over Macao's Chu Man Sin. India also secured medals in badminton, while the women's cricket team won the country's first gold of the Games.
Asian Games: Soft Tennis player Aadhya Tiwari bows out despite 4-0 win over Pakistan's Kainaat Shallwani
Aadhya Tiwari exited the soft tennis singles competition after winning her final match. Indian boxers and fencers advanced to later rounds in their respective events. The women's table tennis team secured a win, while the men's team lost their match. Shooters Elavenil Valarivan and Parth Mane finished fourth in their mixed team event. India's men's kabaddi team achieved a victory against South Korea.
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