Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO

First-time buyers grew 16% sequentially, while annual transacting sellers increased 60% YoY to 1.13 million.CEOspeak: This momentum extended into the festive season, with NMV growing 33% year-on-year on a festive-aligned basis, reinforcing our conviction in the depth of India's e-commerce opportunity, said Vidit Aatrey, cofounder and CEO, Meesho.Outlook: The platform expects year-on-year growth in the December quarter to look stronger than the underlying trend due to a shift in the timing of its festive sale, even as it remains watchful of macroeconomic pressures, the company said in its shareholders’ letter.Sanjeev Bikhchandani to return as Info Edge CEO after 16 years135267342Hitesh Oberoi (left) and Sanjeev BikhchandaniInfo Edge founder Sanjeev Bikhchandani is set to return as the company’s chief executive, 16 years after stepping down from the role.

He will succeed Hitesh Oberoi, who took over as CEO in July 2010 when Bikhchandani moved to the position of vice chairman of the Naukri parent.What’s the news: Oberoi will step down from his executive responsibilities on December 2.He will continue on the company's board as a non-executive, non-independent director under the promoter category.Bikhchandani, currently vice chairman, will take on the expanded role of executive vice chairman, MD, and group CEO.Financials: The company also reported its July-September quarter results on Wednesday.Net profit: Up 87% on-year to Rs 650 crore aided by higher other income and growth in its recruitment and real estate businesses.Operating revenue: Increased 12% to Rs 904 crore from Rs 805 crore a year earlier.Naukri.com revenue: Grew 13.3% to Rs 632 crore.99acres numbers: Revenue up 16.7% to Rs 134 crore; operating loss narrowed to Rs 1.6 crore from Rs 23.4 crore a year ago.Four Indian-origin executives in the spotlight as Anthropic files for IPO135267374(L-R) Rahul Patil, Krishna Rao and Neil Shah of AnthropicClaude maker Anthropic’s top deck has four Indian-origin executives who have significant holdings in the AI giant about to go public.Who’s who: The leadership includes chief financial officer Krishna Rao, chief technology officer Rahul Patil, Claude Code co-creator Sid Bidasaria, and Neil Buddy Shah, who chairs its Long-Term Benefit Trust (LTBT).Rao’s holdings could be worth about $840 million to $1.12 billion at the expected $1.5-2 trillion valuation.

This would put him in the league of SpaceX CFO Bret Johnsen, whose shares were worth $1.22 billion at the company’s June 2026 IPO, and Nvidia CFO Colette Kress, whose net worth has touched $1.2 billion.Tell me more: Patil grew up in Bengaluru and joined Anthropic as chief technology officer in October 2025, after leading technology at payments company Stripe.Bidasaria hails from Dehradun and is a co-creator and tech lead of Claude Code, Anthropic’s AI coding tool.Shah chairs LTBT, which helps oversee its long-term mission and plays a role in board appointments.

He earns $425,000 annually for his work with the trust, including $25,000 for serving as chair.Other appointments: Indian-origin Novartis chief executive Vas Narasimhan joined Anthropic’s board in April 2026. The prospectus identifies him as a Class T director and a member of its compensation and safety-and-risk committees.Tata Electronics’ Apple exports near Rs 1 lakh crore in FY26 as net loss widens135267432Tata Electronics, India’s largest home-grown contract manufacturer of iPhones, reported exports of nearly Rs 1 lakh crore in FY26, up over 29% from a year earlier, led by demand from the US, Taiwan and Ireland, Apple’s European headquarters.Export breakdown: Three Tata Electronics entities together reported export revenues of Rs 99,128 crore in FY26, per the latest RoC filings.

In FY25, they reported exports of Rs 76,953 crore.The three entities reported exports of Rs 38,508 crore to the US in FY26, Rs 47,930 crore to Taiwan, and Rs 11,980 crore to Ireland.Exports account for about 76% of the company’s reported production revenues.135267904Import dependence persists: The combined foreign exchange outgo of the three entities, at Rs 1,29,641 crore, was significantly higher than their forex earnings, indicating that Indian iPhone manufacturing still leans heavily on imported components.A look inside: The export surge came alongside widening losses.

The company reported a consolidated net loss of Rs 1,611 crore in FY26 against Rs 69 crore in FY25, even as consolidated operating revenue rose 96% to Rs 1,29,902 crore.Tata Electronics' consolidated domestic sales rose 46% to Rs 30,182 crore in FY26, per RoC filings.Jio IPO: The company listed at a 21.3% premium over its IPO price, with the Rs 30,200 crore issue fully subscribed within 95 minutes of launch — which Ambani called the fastest such response India has seen.Democratising data: “In our first 10 years, we democratised data, bringing hundreds of millions into the digital world.

In our next step, we want to democratise every technology that can transform lives: AI, cloud, connected devices, connectivity even from space, and digital services not yet imagined,” Ambani said.Scale up: The company’s next phase will require it to maintain its scale advantage while expanding into more complex technology businesses. Ambani said Jio would need to be “world-class in our technology, service, execution, and standards.”Amazon lays down AI usage guidelines for software engineers; here’s what it wants135267506Amazon has published an internal memo for its software development engineers (SDEs) with revised guidelines, urging them to use AI to solve customer problems and reconnect with users.Close to the customer: Terk Terkowitz, vice-president and engineer at Worldwide Amazon Stores, said in a memo to employees that Amazon has traditionally kept engineering guidelines technology-agnostic.

Even cloud computing, microservices, and serverless technology did not alter the fundamental definition of the role but AI, it said, is changing software engineering far faster.Verbatim: “For SDMs (software development managers), we also recommend spending time making sure you’re close to your customers and business, and you’re helping the ICs (Individual Customers) in your organization to do the same,” Terkowitz noted.No to ‘tokenmaxxing’: The memo explicitly discouraged “tokenmaxxing”, assigning unnecessary tasks to AI agents simply to inflate token usage and appear productive.