Business

The development of a new cancer care facility at Tata Memorial Centre's Advanced Centre for Treatment, Research & Education in Cancer in Navi Mumbai has begun, according to a statement released by ICICI Bank and TMC. The facility, which will be one of India's largest radiation therapy centers and be furnished with state-of-the-art cancer treatment technologies, was funded by the Bank's ₹625 crore CSR donation. According to the bank, this is a part of the ₹1,800 crore it has committed to TMC for the construction of three cutting-edge cancer care facilities: one each in Visakhapatnam, Andhra Pradesh; Mullanpur (New Chandigarh) in Punjab; and Navi Mumbai, Maharashtra. On Sunday, October 19, 2025, the "ICICI Foundation Block for Radiation Oncology" was officially opened with a gr...

Wipro shares dropped over 4% on Friday, October 17, following the release of its September quarter results a day earlier. Among the 47 analysts covering the stock, 16 recommend a “sell,” 13 suggest a “buy,” and 18 maintain a “hold,” reflecting a divided outlook on the company’s performance. Nomura retained a buy rating with a target price of ₹280 per share, implying a 10% upside from Thursday’s close. The brokerage said Wipro’s Q2 results exceeded expectations across most metrics, with robust deal wins. It noted that the company aims to keep its EBIT margins steady despite headwinds, and highlighted a 4% FY27 dividend yield. The stock trades at about 19.8 times FY27 estimated earnings. Jefferies, however, maintained an underperform rating with a target of ₹220, signaling a potential...

In order to improve international payments, Reserve Bank of India (RBI) Governor Sanjay Malhotra advised other central banks to adopt and promote Central Bank Digital Currencies (CBDCs) rather than stablecoins on Wednesday. Malhotra also reaffirmed the Indian central bank's position on cryptocurrencies while speaking at the World Bank Group and International Monetary Fund (IMF) annual meeting in Washington, DC. He claimed that the use of cryptocurrencies has consequences for money laundering, capital account flows, and monetary policy. "We won't experience the advantages of CBDC in terms of cross-border payments unless other nations also embrace it. Therefore, in an interview with Krishna Srinivasan, the Director of the IMF's Asia and Pacific Department, Malhotra urged everyone in atte...

Analysts are optimistic about Axis Bank Ltd., projecting its share price could rise to ₹1,525 following its September quarter results announced after market hours on Wednesday. Among 51 analysts covering the stock, 41 have a "buy" rating, while the rest recommend "hold," with no "sell" ratings. A one-time provisioning of ₹1,231 crore affected the bank’s quarterly profits, but other key metrics surpassed expectations. Core income increased, asset quality improved, and slippages declined sequentially. HSBC upgraded its price target to ₹1,460 from ₹1,340, maintaining a "buy" rating, citing strong loan growth, margins, and asset quality despite the one-off provision. Jefferies raised its target to ₹1,430 with a "buy" call, highlighting positive trends despite RBI-mandated provisions. Be...

Annapurna Ghee, the Northeast’s highest-selling ghee brand for over 70 years, is making strategic moves to expand across India. Known for its rich aroma, ‘danedar’ texture, and authentic taste, the brand has been a symbol of purity and trust for more than three generations. Annapurna Group aims to consolidate its stronghold in existing Eastern and Northeastern markets while gradually entering North India, with plans for a PAN-India presence. The company has appointed Shehnaaz Gill as the brand ambassador for Annapurna Cow Ghee, reinforcing its promise of purity and reliability in a region where food traditions are deeply rooted. Every jar is crafted through stringent quality processes, from sourcing premium raw materials to advanced processing and packaging, maintaining the brand’s hal...

Medanta – The Medicity, six-time Newsweek Best Private Hospital in India, is leveraging digital storytelling to transform women’s health awareness with its film, Banno Ki Rasm, which has already crossed 8 million views across social media. As part of the hospital’s “Jaanta Hai Medanta” initiative, the 2-minute 28-second video reimagines self-breast exams as a monthly ritual, combining tradition, self-care, and preventive healthcare in a format designed for maximum engagement. Dr. Naresh Trehan, Chairman & Managing Director, said, “Through this campaign, Medanta aims to empower women while addressing the stigma around breast cancer.” Dr. Kanchan Kaur, Senior Director of Breast Cancer, added that early detection through self-exams and screenings improves survival outcomes and reduces...

Renault has officially launched the much-anticipated Kwid EV in Brazil, where it will be marketed as the ‘Kwid E-Tech.’ Sharing its platform with the Dacia Spring EV, this electric version of the popular hatchback is a key part of Renault’s push toward electrification. Test vehicles have been spotted multiple times in India, suggesting an imminent launch there. The Kwid EV is expected to rival models like the Citroen e-C3 and Tata Tiago EV. Design-wise, the Kwid EV draws heavily from its Dacia counterpart. The front features a closed grille with vertical slats and projector headlights on either side of the bumper. The sides remain similar to the petrol version, with black wheel arch claddings, indicator lights on the ORVMs, black side cladding, and 14-inch dual-tone alloy wheels. At th...

The Medicity, consistently recognized as India’s Best Private Hospital by Newsweek, has rolled out an innovative digital campaign promoting a quick, three-minute self-breast examination. Part of its “Jaanta Hai Medanta” initiative, the campaign blends healthcare innovation with consumer education, aiming to empower women to detect breast cancer early while tapping into the growing preventive healthcare market. The educational video features Dr. Kanchan Kaur, Senior Director, Breast Cancer at Medanta, demonstrating a three-step self-exam to be performed monthly, ideally 2–3 days after menstruation. The method involves checking the breast and armpit using light pressure in circular and up-and-down motions while noting lumps, skin changes, or nipple deformities. “Regular self-exams, combi...

Vi (Vodafone Idea) unveiled Vi Protect at the India Mobile Congress (IMC) 2025 — a comprehensive AI-powered initiative aimed at safeguarding customers and enterprises from spam, scams, and cyberattacks. The launch reflects Vi’s commitment to creating a secure digital environment as India’s reliance on online services grows. Vi Protect introduces an AI-based Voice Spam Detection system, which flags fraudulent calls in real time, displaying “Suspected Spam” alerts on users’ screens. Complementing this is an AI-driven Cyber Defense and Incident Response System for Vi’s core network, capable of detecting and neutralizing cyber threats in under an hour with nearly 70% higher accuracy. The initiative also strengthens existing protections, including SMS spam filtering, International Calling D...

The LG Electronics IPO began on a slow note on October 7 but gained momentum by the end of the day, reaching full subscription. With two bidding days remaining, investor interest remains strong. By the close of Day 1, the IPO was subscribed 1.04 times. In contrast, Tata Capital’s IPO, closing on October 8, was subscribed 75% by the end of its second day. Market experts have mixed views on both offerings. Tata Capital's IPO comprises a fresh issue of 21 crore shares and an offer for sale of 26.58 crore shares, with a price band of ₹310–₹326. Arun Kejriwal highlighted that this price is far below its earlier unlisted value of ₹1,100+, urging caution as this is the third major IPO priced significantly below its unlisted valuation. The LG Electronics IPO, an offer for sale of 10.18 crore s...