ideaForge Revenue Jumps 124% in Q2 FY27, Reaching 91 Million Rupees

MakeMyTrip demonstrated a shift into positive territory, reporting a net profit of $1.8 million in the second quarter of fiscal year 27, compared to a loss of $5.7 million the previous year. The company's revenue increased by 2.5% year-over-year, reaching $235.2 million, or 11.2% in constant currency terms, driven by growth in bookings across all categories.

Meanwhile, Anthropic, one of the leading artificial intelligence (AI) companies and developer of the large language model Claude, has filed for an Initial Public Offering (IPO), approaching public trading status. The company intends to list on the Nasdaq exchange under the ticker ANT.

In the medical technology sector, the startup BioStack secured $9.5 million in seed funding led by Peak XV with participation from Afore Capital, DCVC, and other investors. This startup aggregates disparate clinical records to support healthcare research and clinical decision-making. The funds are planned to be used for international expansion, technology strengthening, and growth of engineering and research teams.

The boom in AI infrastructure continues to accelerate. Tata Communications plans to invest $450 million in building a high-speed fiber-optic network connecting AI data centers to meet the growing demand for AI infrastructure and cloud computing. This investment will increase network capacity and ensure faster and more reliable data transmission between data centers, which is critical for large-scale AI workloads.

In a similar effort to support AI expansion, Meta Platforms launched offerings of common stock and convertible preferred stock totaling approximately $35 billion to finance its expanding AI infrastructure, including data centers and computing power. The parent company of Facebook and Instagram also plans a separate stock sale program of up to $60 billion in 2027, which could potentially increase its planned capital raise to $95 billion.

Electric two-wheeler manufacturer Ather Energy reported consolidated net profit of 1.26 crore rupees in the second quarter of fiscal year 27, compared to a net loss of 154 crore rupees in the quarter a year prior. The company's total revenue grew by 62% year-over-year (YoY) to 1,527 crore rupees, supported by increased vehicle sales and operational activities. Ather's results reflect increased scale and operational efficiency as the company works towards achieving sustainable profitability.

At the TechSparks 2026 conference, founder, CEO, and Chairman of QpiAI, Nagendra Nagaraja, stated that the future of artificial intelligence lies beyond language models and traditional computing. He advocated for 'intelligence modeling' to discover new knowledge, rather than just automating tasks. He argued that quantum computing can help overcome the limitations of silicon chips and large language models by processing complex data found in nature.

The travel platform MakeMyTrip, whose shares are listed on Nasdaq, reported consolidated net profit of $1.8 million in the second quarter of fiscal year 2027. This figure contrasts with a net loss of $5.7 million for the same period last year, according to the quarterly results published by the company on Monday.

Company management disclosed during the earnings call that the flight ticketing business continues to suffer from macroeconomic difficulties, including high fares and limited capacity. It was noted that market supply was constrained, and domestic flights showed a decline of 4 percentage points year-over-year.

Mohit Kabra, Group Chief Operating Officer, stated that both high fares and limited capacity affected demand, leading to an overall decrease in passenger numbers. Regarding the Initial Public Offering (IPO) of the subsidiary MakeMyTrip India Limited, Dipak Bohra, Group CFO, reported that a confidential application has been filed, and the company continues to work with the capital market regulator and stock exchanges to obtain necessary approvals. He specified that the timing of the IPO depends on market conditions and regulatory approvals.

Furthermore, the company intends to continue investing in its hotel offerings. Kabra noted that despite geopolitical challenges affecting international demand in the short term, the company sees significant long-term growth potential in overseas travel and therefore continues to invest in developing the international hotel portfolio.

According to the presented quarterly data, the gross booking value reached $2.7247 billion, which is 20.9% higher in constant currency compared to $2.4473 billion for the same period last year, despite the challenging macroeconomic environment.

MakeMyTrip's revenue under IFRS amounted to $235.2 million in the second quarter of fiscal year 2026-27 (Q2 FY27), an increase of 11.2% in constant currency compared to $229.3 million in the same period last year.

Commenting on the results, Rajesh Magow, CEO of MakeMyTrip, emphasized that the company demonstrated steady growth despite the difficult conditions in the travel sector, noting a 20.9% year-over-year increase in gross booking value in constant currency to $2.7 billion. He added that growth in the hotel and ground transport segments indicates the resilience of the diversified portfolio and the ability to meet changing customer needs.

Nevertheless, adjusted net profit before tax stood at $46.2 million compared to $36.4 million the previous year. The company reported significant growth in adjusted profits across all segments: flight tickets grew by 14.3%, hotels and package tours by 20.2%, bus tickets by 29.0%, and other segments by 29.8% year-over-year.

Cybercriminals quickly exploited the software leak for profit. After vulnerabilities in PHP became public, Cloudflare recorded millions of exploitation attempts, highlighting the speed at which attackers can target open systems. The rise in attacks has once again raised concerns about the security of widely used systems and the urgent need to patch vulnerabilities.

Meanwhile, Apple appears to have captured the interest of premium smartphone buyers in India. It is reported that the company's first foldable model, iPhone Duo, sold out completely through pre-orders within the first week. This response indicates sustained demand for high-end devices as Apple enters the foldable phone market.

However, not all digital trends bring good news. The Securities and Exchange Board of India (SEBI) warned investors against fraudulent groups on WhatsApp that promise stock profits. Such groups may use fabricated reviews and misleading statements to gain trust before offering unauthorized trading advice or suspicious applications. Investors were advised to verify intermediaries before making any decisions.

Regarding the job market, a Quess Corp report forecasts the creation of 67,000 jobs in 2026 in India's global healthcare competency centers. Demand for specialized talent in technology and healthcare operations is expected to support this growth, strengthening the sector's shift towards more technology-driven work.

Infosys reported stable growth in the second quarter of fiscal year 27, with artificial intelligence becoming a key revenue source amid ongoing macroeconomic uncertainty. Nevertheless, slowing demand in North America and industry challenges negatively impacted its forecasts. The IT giant lowered its annual revenue growth forecast to 1–2% from the previous 1.5–3%, despite successfully closing major deals.

Discussion on the impact of AI on creative processes

At the TechSparks 2026 event, Chandrika Deb from Canva India discussed how AI is transforming workflows in creativity and workplace collaboration. She emphasized that human judgment and intent remain critically important for creating relevant content.