Healthcare access in the Northeast is set for a major upgrade as Medanta has launched construction of its 400+ bed world-class hospital in Guwahati. The Bhoomi Poojan ceremony, held on October 31, was attended by Assam Chief Minister Dr. Himanta Biswa Sarma, along with Medanta Chairman & Managing Director Dr. Naresh Trehan and Group CEO…
The primary market is active with three mainboard IPOs: Lenskart, Orkla India, and Studds Accessories. The Orkla India IPO, closing today, has notably drawn interest from non-institutional investors. Studds Accessories is fully subscribed, while Lenskart is gaining traction as investors assess its valuations. Trends in grey market premiums and expert insights are also under consideration….
Amway President and CEO Michael Nelson announced a ₹100 crore (USD 12 million) investment to accelerate Amway India’s growth and transformation over the next three to five years, marking a decade of local manufacturing in the country. The move highlights India’s growing importance as one of Amway’s three global manufacturing hubs, alongside the US and…
The partnership between Wipro and HanesBrands utilizes Wipro’s AI platform, WINGS, as part of HanesBrands’ IT 2.0 transformation initiative. Wipro will overhaul HanesBrands’ IT infrastructure and cybersecurity operations with an AI-first approach, as announced in a recent filing. The partnership between Wipro and HanesBrands utilizes Wipro Intelligence WINGS, a proprietary AI platform, to support HanesBrands’…
This Diwali, the narrow lanes of Mumbai’s historic Zaveri Bazaar were even more crowded than usual, as shoppers flocked to buy gold on the festival’s first day. Interestingly, most buyers were seeking gold coins and bars rather than traditional jewelry, according to Mahavir Kothari, a wholesaler in the market. Industry bodies such as the India…
The newly inaugurated Amrita–Mizoram Science, Technology & Innovation (STI) Hub at Mizoram University marks a significant milestone in bridging science and community welfare in the state. Established by Amrita Vishwa Vidyapeetham in collaboration with the university under the Department of Science and Technology (DST), the hub provides permanent facilities for laboratories, training, and innovation initiatives…
TVS Motor Company-owned Norton Motorcycles has announced the names of three of its upcoming models: Manx, Manx R, and Atlas, according to Visordown. These bikes will mark the first launches under the company’s ongoing revamp and are set to be fully unveiled soon at the EICMA show. Reports suggest that the Manx will be a…
Washington’s recent tariff moves have put pressure on Indian exports to the US. Half of the 50% tariffs the US placed on Indian commodities in August were punitive measures related to India’s imports of Russian energy. Following multiple rounds of negotiations, India and the US are making great strides toward concluding a new bilateral trade…
In keeping with the pattern shown during its last share dilution in FY21, ICICI Securities anticipates Jio Platforms Ltd. (JPL) to make its debut at premium valuations above listed peers. JPL raised financing with a valuation of $65–70 billion at that time, already commanding a premium to Bharti India at 14–14.7 times FY22 one-year forward…
Some of the major benefits that the government highlighted on Saturday were attributed to the GST 2.0 reforms that were implemented on September 22. These included a sharp increase in sales, particularly of electronics and consumer goods; lower prices for essential everyday items; and an overall push to consumption that may even show up in…
