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Physics Wallah enjoys a rosy IPO day, bucking the broader slowdown in Indian edtech

Indian edtech startup Physics Wallah ended its first day as a public company on a high, with its shares closing 44% higher than they were listed for, indicating that the country’s edtech sector may still recover after years of gloom. Priced at ₹109, the company’s shares climbed as high as ₹161.99 before closing at ₹156.49, … Read more

Intuit shares pop 9% on earnings beat, rosy guidance

Shares of Intuit popped about 9% on Friday, a day after the company reported quarterly results that beat analysts’ estimates and issued rosy guidance for the full year. Intuit, which is best known for its TurboTax and QuickBooks software, said revenue in the fiscal third quarter increased 15% to $7.8 billion. Net income rose 18% to … Read more

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