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PhysicsWallah told analysts that AI now writes around 90 per cent of its code, and credited AI efficiencies for slightly lower headcount and faculty numbers in the second quarter of FY27. Profit doubled to Rs 142 crore on revenue of Rs 1,242 crore, while the offline business remains loss-making.
While the Nasdaq suffered its worst day since April 2025 and Asian chip stocks fell 6 to 7 per cent, Indian benchmarks extended a seven-session winning streak on 6 November with Infosys, TCS and HCLTech in focus as a services-led alternative to AI hardware. Brent's swing back towards $100 on Hormuz disruption remains the sector's main macro risk.
At the Business Standard BFSI Insight Summit, chief executives from IndusInd Bank, RBL Bank and IDFC First Bank argued that Indian lenders are ahead on AI experimentation but must now commit to controlled, outcome-linked roll-outs. They stressed data governance, board-level AI policy and human accountability for customer-affecting decisions.
Infosys reported Q2 FY27 revenue of $5.15 billion, up 1.5 per cent in constant currency, with AI-related revenue growing 29 per cent quarter on quarter to 10.5 per cent of the total. Large-deal wins reached $5.2 billion, including one contract worth more than $2 billion, while full-year growth guidance narrowed to 1 to 2 per cent.
Adani Enterprises and US manufacturer Jabil have signed a non-binding MoU for an equal joint venture to manufacture and assemble AI racks, servers, storage, networking and the power and cooling equipment around them in India. The venture targets multi-gigawatt rack capacity and builds on a strategic alliance announced in June.
