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Netlink Solutions’ Q2 Results show 130 per cent surging profits
Mumbai: In a remarkable display of growth and resilience, Netlink Solutions (India) Limited reported robust financial results for the quarter and half-year ending 30 September 2024. With a significant increase in revenue from operations and soaring net profits, the company has demonstrated its strength amid evolving market dynamics. The figures, as unveiled in its unaudited financial results, reflect both an impressive year-on-year performance and a dynamic expansion across key business segments.
For the quarter, Netlink Solutions’ total income surged by 130 per cent, reaching Rs 869.31 lakhs, compared to Rs 218.54 lakhs for the same period in 2023. This impressive rise is attributable to robust revenue contributions from its magazine/info media and treasury segments, positioning the company favorably against industry counterparts.
The half-year results further underscore the company’s financial momentum. Total revenue for the six months climbed to Rs 1,117.51 lakhs, a 130 per cent increase from the prior year’s Rs 484.72 lakhs. This growth was primarily propelled by the magazine/info media segment, which recorded a substantial rise in revenue, reaching Rs 636.15 lakhs in Q2 compared to last year’s Rs 24.04 lakhs. Additionally, the treasury segment maintained strong performance with revenues of Rs 255.70 lakhs in Q2, up from Rs 216.79 lakhs in the same period last year.
The impressive revenue growth translated into a significant uptick in profitability. Net profit for the quarter surged to Rs 636.17 lakhs, a notable increase from Rs 172.41 lakhs in Q2 of the previous year. The half-year figures reflect a similar trend, with net profit reaching Rs 806.78 lakhs, up from Rs 379.77 lakhs in the same period of 2023. This growth in profitability was bolstered by strategic cost management and efficient resource allocation across segments, leading to an elevated earnings per share (EPS) of Rs 25.15 for Q2.
On the balance sheet front, Netlink Solutions saw its total assets grow to Rs 3,608.34 lakhs as of September 2024, marking a solid expansion from Rs 2,050.76 lakhs a year ago. The company’s treasury assets, a major component of its financial assets, were instrumental in driving this growth, underscoring the company’s strategic focus on asset appreciation and capital efficiency.
The magazine/info media segment emerged as a clear leader, contributing Rs 594.09 lakhs to profit before tax in Q2 2024, a leap from Rs 11.43 lakhs in Q2 2023. Meanwhile, the treasury segment delivered Rs 253.03 lakhs in Q2 2024, demonstrating its continued role as a reliable revenue driver. However, the exhibition management segment remains an area of concern, with a recorded loss of Rs 3.75 lakhs in both Q2 2024 and Q2 2023, indicating potential challenges within this sector.
Netlink Solutions’ strong financial results underscore its strategic adaptability and robust operational efficiency. With rising revenues and a disciplined approach to cost management, the company is well-positioned for sustained growth. The impressive gains across its magazine/info media and treasury segments signal a promising outlook, while challenges within the exhibition management segment may necessitate further strategic review.
Financial Highlights for Netlink Solutions Q2 and H1 FY25:
1 Quarterly Revenue Growth: Total income for Q2 FY25 rose to Rs 869.31 lakhs, marking a 130 per cent increase from Rs 218.54 lakhs in Q2 FY24.
2 Half-Year Revenue: For H1 FY25, total revenue reached Rs 1,117.51 lakhs, representing a 130 per cent rise compared to Rs 484.72 lakhs in H1 FY24.
3 Magazine/Info Media Segment Surge: Revenue from the magazine/info media segment jumped significantly to Rs 636.15 lakhs in Q2 FY25 from Rs 24.04 lakhs in Q2 FY24.
4 Treasury Segment Strength: Treasury revenue stood at Rs 255.70 lakhs in Q2 FY25, showing a steady increase from Rs 216.79 lakhs in the same quarter last year.
5 Quarterly Net Profit: Net profit for Q2 FY25 was Rs 636.17 lakhs, up from Rs 172.41 lakhs in Q2 FY24, highlighting a strong profitability boost.
6 Half-Year Net Profit: H1 FY25 net profit reached Rs 806.78 lakhs, nearly doubling from Rs 379.77 lakhs in H1 FY24.
7 Earnings Per Share (EPS): EPS for Q2 FY25 was Rs 25.15, indicating enhanced shareholder value from the previous year.
8 Balance Sheet Expansion: Total assets grew to Rs 3,608.34 lakhs as of September 2024, compared to Rs 2,050.76 lakhs in September 2023.
9 Magazine/Info Media Segment Profit: This segment generated a profit before tax of Rs 594.09 lakhs in Q2 FY25, a substantial increase from Rs 11.43 lakhs in Q2 FY24.
10 Exhibition Management Segment Challenges: The exhibition management segment reported a loss of Rs 3.75 lakhs in Q2 FY25, consistent with losses in Q2 FY24, indicating potential operational issues in this area.
Applications
Moltbook, the AI-only social network, sparks hype, doubt and fear
CALIFORNIA: Moltbook, a Reddit-style social platform built exclusively for artificial intelligence agents, has emerged as the latest obsession in Silicon Valley, drawing intense attention for its explosive growth and surreal bot-driven interactions.
The platform hosts more than 100 communities where AI agents post, argue and joke about topics ranging from governance theory to esoteric “crayfish debugging” concepts. Within days of launch, Moltbook recorded tens of thousands of posts, nearly 200,000 comments and more than 1 million human visitors observing the activity.
Yet the numbers and the autonomy are under scrutiny, as per media reports. A security researcher has suggested as many as 500,000 accounts may trace back to a single address, raising doubts about Moltbook’s membership claims. Many posts could also be the result of humans instructing their AI tools to publish content, rather than bots acting independently.
The platform runs on agentic AI, powered by an open-source tool called OpenClaw, formerly known as Moltbot. Unlike chatbots such as ChatGPT or Gemini, these agents are designed to perform tasks on users’ devices, from sending messages to managing calendars, with minimal human input. Once authorised, they can interact freely on Moltbook.
Some tech figures have hailed the platform as a glimpse of a post-human internet. Head of crypto custody firm BitGo Bill Lees, called it evidence that “we’re in the singularity”.
Academics are less convinced. Petar Radanliev, an AI and cybersecurity expert at the University of Oxford, said the idea of agents acting independently was “misleading”, describing Moltbook instead as automated coordination within human-set constraints. Columbia Business School assistant professor David Holtz, dismissed the spectacle as “thousands of bots yelling into the void and repeating themselves”.
Beyond hype, security worries loom large. ESET global cybersecurity advisor Jake Moore, warned that granting AI agents access to emails, private messages and files risks prioritising efficiency over privacy. Andrew Rogoyski of the University of Surrey said high-level system access could lead to serious damage, from erased data to compromised company accounts.
Even OpenClaw’s founder Peter Steinberger, has felt the darker side of attention, with scammers hijacking his old social media handles after the platform’s rebrand.
For now, Moltbook remains a strange digital zoo: part experiment, part spectacle, where AI agents banter about philosophy, productivity and, occasionally, their fondness for their human operators.
Applications
Apple appoints Avtar Ram Singh as head of international marketing
CALIFORNIA: Apple has handed a bigger global brief to a long-time insider. Avtar Ram Singh has taken over as head of international marketing for the App Store, Apple Arcade and the Apple Games app, deepening his remit across one of the company’s fastest-growing businesses.
“I’m happy to share that I’m starting a new position as head of international marketing, App Store, Apple Arcade and Games App at Apple,” Singh said while announcing the move.
The promotion crowns nearly seven years at Apple, where Singh has led services marketing across Southeast Asia and India and previously served as head of marketing for Southeast Asia content and services, business lead for Apple Podcasts in the region and interim marketing lead for the App Store internationally.
His new portfolio spans three pillars of Apple’s services push. The App Store, which Apple positions as a safe and trusted discovery platform, now attracts more than 850 million average weekly users globally. Since 2008, developers have earned over $550 billion on the platform.
Apple Arcade, the company’s gaming subscription service, offers unlimited access to a catalogue ranging from brain teasers to big-name franchises. The recent addition of Sid Meier’s Civilization VII Arcade Edition brings a AAA PC title to iPhone, iPad and Mac from 5 February.
Then there is the Apple Games app, unveiled at WWDC as a unified destination for games from the App Store and Arcade. It aggregates titles in one place, surfaces personalised recommendations, tracks events and achievements, and lets users compete with friends or connect controllers for a console-like experience.
Singh arrives with a hybrid background in strategy, data and creativity. His career spans digital and social media marketing, business intelligence, content, editorial and analytics across culturally diverse markets. He has worked on brands including P&G, Accor, Audi, UBS, Nikon, Samsung, Sony, Pizza Hut, HBO and Singapore Airlines-linked businesses such as Scoot.
Before Apple, Singh led strategy at Falcon Agency, focusing on performance marketing and ROI-driven digital frameworks. He earlier ran the social practice at Publicis Singapore, where he oversaw operations, business development and regional social strategy for multinational clients. His career also includes roles at Ogilvy-linked Circus Social, Rocket Internet ventures Lazada and Zalora, and research firm IDC in Bangkok, where he analysed technology markets and won early awards for collaboration and client retention.
At Apple, he has been close to several service launches and expansions, including Apple Fitness+ in Singapore, Apple Creator Studio, global podcast subscriptions and new App Store marketing tools.
The timing is notable. Apple’s services business has posted record years, and gaming is becoming a sharper battleground as platforms chase engagement and recurring revenue. Singh’s brief sits at the intersection of content, community and commerce.
In a market where attention is scarce and loyalty scarcer, Apple is betting that sharper storytelling and smarter marketing can keep users inside its ecosystem. Singh now holds the megaphone. The real test will be how loudly the world listens.
Applications
Cloud nine in the capital Bharathcloud plugs Delhi into its AI plans
MUMBAI: Bharathcloud is bringing its cloud closer to power. The Hyderabad-based sovereign AI cloud services provider has opened its Delhi office, marking its formal entry into North India and setting the stage for its next phase of growth.
The expansion comes as India’s digital transformation fuels rising demand for AI-ready cloud infrastructure, driven by wider adoption of artificial intelligence, machine learning, the Internet of Things and data-heavy applications. With the new office, Bharathcloud plans to onboard more than 100 employees in 2026, strengthening its workforce to support customers across government, enterprises, MSMEs and social sectors.
The Delhi presence is expected to sharpen the company’s engagement with organisations seeking secure, scalable and cost-efficient cloud platforms that comply with India’s data sovereignty requirements. It also positions Bharathcloud closer to policy, public sector and enterprise decision-makers in the region.
Founded in Hyderabad, Bharathcloud offers AI-ready cloud infrastructure including Kubernetes-as-a-Service, zero-trust security architecture and multi-level data protection frameworks. Its platform supports AI and ML workloads, blockchain application migration from hyperscalers and distributed data management, with an emphasis on reliability, low latency and operational continuity.
“With the Delhi expansion, we are positioning Bharathcloud to engage more closely with AI-driven enterprises and technology hubs in North India,” said Bharathcloud co-founder Rahul Takallapally. He added that the move would help nurture local cloud and AI talent while accelerating the adoption of secure and resilient AI infrastructure across sectors.
The company currently operates in Hyderabad, Bengaluru, Mumbai, Kolkata, Lucknow and Chennai, employing over 200 people and serving more than 1,500 clients across manufacturing, healthcare, financial services, IT and media. Aligned with national initiatives such as Digital India and Make in India, Bharathcloud continues to focus on building indigenous AI-cloud infrastructure to support data localisation and the country’s growing appetite for next-generation digital solutions.
With its Delhi office now live, the company is signalling a clear intent: to make sovereign, AI-ready cloud infrastructure not just an alternative, but a mainstream choice for India’s north as well as its tech capitals.
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