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.
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.
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