Tech
Indian IT’s Q2 efficiency; PhysicsWallah IPO goes through
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Also in the letter:
■ Nadella on OpenAI products
■ Blackstone, SoftBank’s new India bet
■ Indian sneakers march ahead
IT companies log productivity win in Q2 with better revenue per employee

Leading IT companies delivered mixed productivity results, with smaller firms surprisingly outpacing industry giants in revenue per employee (RPE).
How leaders fared:
- HCLTech: Topped the large-cap pack with a 2% rise in RPE to over $16,000…
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