ENGINE PERFORMANCE
DRDO scientists working on humanoid robot for military missions to reduce risk for troops
DRDO scientists in Pune are developing a humanoid robot for frontline military missions, aiming to reduce troop exposure in high-risk environments. Prototypes for the upper and lower body have been developed, with the robot designed to function on tough terrains.
Puravankara appoints Mallanna Sasalu as CEO – South; Abhishek Kapoor resigns
Puravankara Ltd. appointed Mallanna Sasalu as CEO – South, pending approvals, as Abhishek Kapoor stepped down. Sasalu, with 32 years of experience, previously led Provident Housing to success. This move strengthens regional leadership and supports Puravankara's growth strategy in key South India markets like Bengaluru and Hyderabad.
Operation Sindoor: Meet the actors who were with Indian Armed forces before joining Bollywood
Beyond the glitz of Bollywood, several Indian actors have served their nation in uniform. Nana Patekar became a captain during the Kargil conflict, while Bikramjeet Kanwarpal served as a Major before his acting career. Achyut Potdar transitioned from professor to soldier to actor, and Gufi Paintal served in the Indo-China war, showcasing real-life patriotism.
Google settles Black employees' racial bias lawsuit for $50 million
According to the complaint, Black employees comprised only 4.4% of Google's workforce and 3% of its leadership in 2021. The plaintiff April Curley, hired to expand outreach to historically Black colleges, said Google denied her promotions, stereotyped her as an "angry" Black woman, and fired her after six years as she prepared a report on its alleged racial bias.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Dixon Technologies partners with NxtCell to manufacture Alcatel smartphones in India
Dixon Technologies partners with NxtCell India to produce Alcatel smartphones. Padget Electronics, a Dixon subsidiary, will handle manufacturing within 12-18 months. This collaboration marks Alcatel's local manufacturing entry into India. Alcatel plans a $30 million investment to re-enter the Indian market. They will offer smartphones, feature phones, and related products.
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Debunking Myths: The game changing benefits of EVs
EVs are increasingly recognized as a pivotal solution to the pressing environmental challenges faced both in India and globally. However, persistent myths and misconceptions about EVs are being perpetuated by certain vested interests to foster uncertainty among potential EV buyers. It’s important to bust these myths so the public has access to accurate, evidence-based information about the advantages of EVs.
Sonos unveils Arc Ultra Soundbar with Sound Motion technology, launches Next-Gen Sub 4 for Deeper Bass - Price and specs here
Sonos has introduced the new Arc Ultra Soundbar. The soundbar features Sound Motion technology. The brand has also introduced Era 100 Pro for commercial installations
Stocks to buy today: Nuvama sees 35% upside in Titan Company; Emkay retain buy on L&T post Q4 results
Emkay Global and Nuvama express confidence in L&T, Aarti Industries, and Titan Company, citing strong fundamentals and growth prospects. Emkay maintains a 'Buy' rating for L&T and Aarti Industries, while Nuvama upgrades Titan's target price due to robust jewellery sales. These brokerages anticipate significant upsides, driven by solid performance and positive future outlooks.
As Google layoffs continue, a look at Big Tech job cuts in 2025
Per layoff tracker Trueup, so far in 2025, 284 layoffs have taken place at tech companies, affecting 53,399 employees. Last year, nearly 2.4 lakh tech employees were laid off in 1,115 job cuts in the tech industry. In the first five months of 2025, Google, Microsoft and Meta have fired employees due to unsatisfactory performance, streamlining and other reasons amid rising focus on AI development.
Google layoffs: Around 200 staff cut in global business unit
Google job cuts: Around 200 positions have been reduced in Google's global business unit to boost team collaboration and customer service, amid a broader Big Tech shift toward AI and data centre investment. The move follows earlier layoffs in its platforms division and industry-wide workforce reductions by major tech firms.
Samsung to launch Galaxy S25 Edge worldwide on May 13: Prices and features we can expect
Samsung has announced the launch of Galaxy S25 Edge on May 13th at 5am. The smartphone is expected to come with Qualcomm Snapdragon 8 Gen Elite for Galaxy SOC. We will be out with our unboxing and review for the device as well
Q4 results today: L&T, Titan among 74 companies to announce earnings on Thursday
Earnings season is gaining speed with 74 companies set to reveal quarterly results on Thursday. Key companies include L&T, Titan, and Asian Paints. Asian Paints anticipates muted performance with revenue decline. L&T is projected to report net profit growth. Investors are closely watching these financial announcements for insights into company performance.
Microsoft not to rehire ousted employees for two years, considers departures ‘good attrition’
Microsoft has introduced a two-year rehire ban for staff let go over performance issues, labelling such exits as “good attrition.” The policy signals a tougher stance on underperformance, as the company streamlines roles. Similar moves by Google and Meta reflect a broader tech industry push for leaner, more efficient teams.
Indian tech workers could save half a day weekly by 2029 using automation: Report
By 2029, technology professionals in India could save up to half a working day each week by using automation and augmentation tools, according to new research from global learning platform Pearson. The report, Skills Outlook: Solving the Tech Talent Gap from Within, highlights how companies can address skill shortages by redesigning roles, automating routine tasks, and investing in current employees.
Time to shed the negative bias and look ahead: 6 auto stocks with an upside potential of up to 42%
The headlines about auto sales numbers paint a gloomy picture. Should you be surprised by the low numbers? The answer is no. There is a technical reason why April sales tend to be lower. A lot of frontloading of sales happens in March in order to take advantage of depreciation norms. What many may have missed is that, in some cases, the auto stocks have already priced in this slowdown. In other cases, the stocks have not seen any drop, clearly indicating that there is no selling pressure. Is it because their EV forays are turning out to be better than expected?
Polycab Q4 Results: Profit jumps 33% YoY to Rs 727 crore, recommends final dividend of Rs 35/sh
Polycab Limited announces a strong Q4 performance. The company's profit after tax rises to ?727 crore. Revenue from operations increases by 25% to ?6,985.7 crore. The board recommends a final dividend of ?35 per share. Wires & Cables segment shows 22% growth. FMEG business delivers 33% growth. EPC segment surges by 47%. Shares rise following the positive results.
Researchers develop new material to bring down cost for next-gen energy storage systems
A research team led by Nagaland University has developed a patented, cost-effective method for producing high-performance electrode material, functionalized graphene, for next-generation energy storage devices. This breakthrough promises cheaper and more scalable supercapacitors with improved energy density and retention. The technology holds potential for electric mobility, defense systems, and critical infrastructure applications.
Ircon International shares in focus after Rs 187-crore contract for rural industrial park in Kerala
Ircon International has secured a Rs 187.08 crore work order from KSITIL for constructing a rural industrial park in Thiruvananthapuram, slated for completion in 30 months. This follows a Rs 458.14 crore contract from NEEPCO for civil works on the Tato-I Hydro Electric Project in Arunachal Pradesh, to be executed over 45 months.
TCS rolls out full variable pay to 70% of workforce
Tata Consultancy Services has further reduced variable pay for senior employees for the third straight quarter. This decision comes amid deferred annual salary increments due to an uncertain business environment and global tariff war. While attrition slightly increased to 13.3%, TCS reported a revenue of $30.18 billion for fiscal year 2025, a 3.8% YoY growth in dollar terms.
Female engineering students in Andhra Pradesh work as janitors to fund their studies
In Andhra Pradesh, a group of determined female engineering students are working as janitors, even cleaning toilets, to fund their education. Facing financial hardships, these students manage tasks like cleaning and gardening before classes to cover hostel expenses. Their dedication highlights their commitment to easing their families' burdens and pursuing their dreams in tech despite economic challenges.
FIIs raise stakes in 12 smallcap multibagger stocks: Are you watching what smart money is buying?
FIIs quietly raised stakes in over 400 smallcap stocks last quarter, with 12 turning multibaggers in a year. CarTrade Tech, Kitex Garments, and Shaily Engineering saw sharp FII inflows and triple-digit returns, signaling a shift in institutional appetite for smaller names. Global funds are now chasing alpha where once only retail investors dared to tread.
Azad Engineering shares rally 5% on $54 million pact with GE Vernova’s steam power unit
Azad Engineering's shares surged 5.3% following a $53.5 million agreement with GE Vernova for supplying airfoils to the nuclear and thermal power industries. This six-year contract, extending through 2030, reinforces Azad's position in the global power generation supply chain. Analysts predict a potential 39% upside, with a 'Strong Buy' recommendation.
The Resurgence of the IT Sector: A Bright Future Ahead
The IT sector is witnessing a positive turnaround with increased hiring and global tech spending, driven by digital transformation and emerging technologies. This article delves into the sector's growth trajectory and highlights key companies poised for significant upside potential.
‘One material, many solutions’: IIT Guwahati develops hybrid aerogel to clean wastewater, remove oil spills, and sense strain
IIT Guwahati researchers have engineered a multi-functional aerogel poised to revolutionize environmental solutions. This innovative material effectively addresses wastewater treatment, industrial pollution, and oil-water separation. Its unique composition enhances pollutant breakdown and oil absorption, offering a sustainable approach to environmental challenges while also functioning as a flexible strain sensor.
Sensex rises! These stocks gained over 10% on BSE
In the Nifty 50 index, 19 stocks ended in the green, while 31 stocks closed in the red in today's trade.
Gensol Engineering shares tumble for 13th day; hit another lower circuit limit
Gensol Engineering's stock faces a sharp decline, hitting a lower circuit. This comes amid Sebi's investigation into promoters Anmol Singh Jaggi and Puneet Singh Jaggi. They are accused of diverting loan funds meant for EV purchases. Sebi has barred them from capital markets. The company's planned stock split is also on hold.
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