Union Minister For AYUSH Prataprao Jadhav Highlights Mind-Heart Connection For Holistic Health At IHW Conference 2025

Heartfulness Institute hosts 3rd International Integrative Health and Wellbeing Conference, uniting leading experts in medicine, yoga, Ayurveda, and meditation to advance evidence-based integrative care at Kanha Shanti Vanam, the world’s largest meditation center and global headquarters of Heartfulness.

The third edition of the International IHW (Integrative Health and Wellbeing) Conference 2025 which kickstarted on 10th October 2025, is in full swing with significant keynote address and panel discussions aligned with the theme of the conference viz., ‘Mind-Body Medicine for Cardiac Health, Lifestyle and Mental Wellbeing’. Eminent dignitaries from the field of medicine, yoga, ayurveda and meditation; policy-makers, educators, researchers, community champions, lifestyle researchers came together at one platform brought by Ministry of AYUSH, AIIMS (New Delhi), ICMR NITM (National Institute of Traditional Medicine), ITRA (Institute of Teaching and Research in Ayurveda) and Heartfulness Institute. Shri Prataprao Jadhav – Hon’ble Minister for AYUSH, Govt. of India, graced the occasion as Chief Guest of Honour respectively.

The purpose of the conference is to integrate modern and traditional health approaches in a systematic and scientific manner; improve prevention and management of chronic diseases through holistic and evidence-based strategies; and promote a comprehensive model of health that addresses physical, psychological, and spiritual dimensions of wellbeing.

The inaugural session began with Heartfulness meditation followed by welcome address by Dr Krishnamurthy Jayanna, Chair, Heartfulness Research Council. In his speech Shri Prataprao Jadhav – Hon’ble Minister for AYUSH, Govt. of India said, “The IHW 2025 is confluence of major streams for holistic wellness bringing meaningful and relevant discussions and deliberations on holistic health. The serenity of Kanha Shanti Vanam is exemplary for a perfect ecosystem. Our traditional medicine is self-sustaining with no side-effects. The modern lifestyle related health problems can be dealt with the right interventions such as adopting traditional wisdom of yoga and meditation as postulated by Maharshi Patanjali. Under the aegis of Ministry of AYUSH the ‘Prakriti Parikshan Abhiyan’ based on the Ayurvedic principles in helping adopt a healthy lifestyle, building a healthy society and a healthy nation. The success of the mission has at its core digital healthcare access to every citizen of India. Hon’ble PM Modiji believes that access to universal healthcare is access to justice. Indian traditional knowledge is being recognized all over the world and there is growing awareness on the same. Govt. of India is establishing AYUSH hospitals across the country. Heartfulness’s wellness programmes in the offering is exceptional in holistic health while nurturing the spirit at its extraordinary premises. When the heart is at peace, the mind is at peace. Heartfulness is researching in the connect between heart and mind on our overall health. Kanha Shanti Vanam is bringing the genesis of healthy nation under the keen guidance of Revered Daaji.”

A pathbreaking book titled ‘The Heartfulness Way – Book 2’ by Revered Daaji – Guide of Heartfulness and President of Shri Ram Chandra Mission was released.  This was followed by Hon’ble Minister’s felicitation.

Dr. M. Srinivas, Director, AIIMS New Delhi; Dr Tanuja Nesari, Director, ITRA, Jamnagar; Dr Kashinath Samagandi, Director, Morarji Desai National Institute of Yoga (MDNIY) shared their thoughts on the relevance of the conference. The Keynote Address on ‘Cardiac Health and Disease in India and its relationship with wellbeing’ was delivered by Dr. Srinath Reddy, Founder President and Honorary Distinguished Professor, Public Health Foundation of India (PHFI).

Five scientific sessions with panel discussions by clinical experts were the other highlights. The first session ‘Advancing evidence-based integrative medicine’ focussed on Research Methods in Integrative Medicine. Key considerations, and perspectives, and Reversal of Heart Disease in clinical practice by Dr. Rajiv Bahl, Secretary to Government of India, Department of Health Research & Director; and Reversal of Heart Disease in clinical practice by Dr Bimal Chhajer, CEO, MD, SAAOL Health Pvt Ltd. India.

The second session viz, ‘Integrative pathways for cardiac health’ emphasised on Integrative care, Ayurveda and Yoga for cardiac health. The key panellists were Dr Gautam Sharma, Professor, Dept. of Cardiology & Head, Center for Integrative Medicine & Research, AIIMS, New Delhi; Dr Rama Jayasundar, Dept. of NMR & MRI Facility, All India Institute of Medical Sciences, New Delhi; and Dr Kashinath Samagandi, Director, Morarji Desai National Institute of Yoga (MDNIY).

The third session on  ‘Lifestyle, yoga and cardiac health’ had Dr Jagannath Dixit, Professor, B J Medical College, Pune who spoke on Prevention of Obesity while Dr Arpan A Bhatt, Professor and Head, Department of Swasthavritta and Yoga, Institute of Teaching and Research in Ayurveda (ITRA), INI, Jamnagar, Gujarat talked on the Role of Yoga in Cardiac Health and Wellbeing.

The ‘Mind-heart connections in health and wellbeing’ as the fourth session had panel discussions on Ayurveda’s perspective of the mind, Stress, HRV and Cardiac Wellbeing, Impact of Heartfulness Practices in Stress and Anxiety in Students, MRI Studies on Children with Intuitive Skills, and Heartfulness practices for wellbeing – A synthesis of emerging evidence. The key panellists were Dr Hitesh Vyas, Professor, Dept. of Samhitha Siddhanta, ITRA; Dr Rahul Mehrotra, Chief, Non-Invasive & Clinical Cardiology, Artemis Hospitals, Gurugram; Dr Mansee Thakur, Director, MGMSBS, MGM Institute of Health Sciences, Navi Mumbai; Dr Senthil Kumaran, Professor, AIIMS, Delhi; and Dr Jayaram Thimmapuram, Director Heartfulness Research, Academic Hospitalist, Internal Medicine, WellSpan York Hospital respectively.

The final session of the day was on ‘Integrative approaches in acute and critical cardiac care’ where the topics discussed were Heart, Mind, Meditation: The Vision of Ayurveda & its role in integration of care & management by Dr Shankar Prasad, Director of SIVAS Health and Research Institute, Secunderabad; and Dr Rupa Salwan, Senior Director - Myocardial Infarction Program and Senior Consultant -  Cardiology & Interventional Cardiology MSSH (East) Saket.

100 Cancer Survivors Clock 5 Crore Steps In 100 Days As Apollo Hospitals Hosts Saree Run In Bengaluru

·         The Saree Run, flagged off by Sowmya Reddy, a prominent woman leader in Karnataka, saw around 1000 participants including 100 breast cancer winners

·         Held as part of Breast Cancer Awareness Month, the event spotlighted the importance of early detection while celebrating the courage and resilience of cancer winners

Apollo Hospitals, Bannerghatta Road, Bengaluru, hosted the third edition of the Saree Run, an empowering community event that celebrates breast cancer winners and raises awareness about early detection and prevention.

This year’s event saw participation from over 1,000 individuals, including 100 breast cancer winners. The run marked the culmination of a 100-day fitness challenge, during which the cancer winners collectively clocked 5 crore steps, a milestone symbolising their collective journey of resilience, recovery, hope, and advocacy for breast cancer awareness

Participants completed a spirited 3.5 km run in traditional sarees, a symbolic gesture reflecting identity, dignity, and strength. The event was flagged off by Ms. Sowmya Reddy, Former MLA of Jayanagar and President, Karnataka State Mahila Congress, who lauded Apollo Hospitals for championing women’s health and creating platforms that normalise open conversations around breast cancer.

“The Saree Run is not just a celebration, it’s a movement that brings visibility to the fight against breast cancer. It reminds us that awareness towards self-care, health, timely screening, and community support can transform outcomes. Seeing hundreds of women run in sarees with such spirit is a powerful statement of strength, resilience, solidarity and power of women of our country,” said Ms. Reddy in her inaugural address.

Leading the clinical efforts behind the event is Dr. Jayanti Thumsi, Senior Consultant and Lead Surgeon, Breast Oncology, Apollo Hospitals, who has personally treated a significant number of the participants, said, “Every step these women took represents courage and defiance against fear, stigma, and uncertainty. Completing 5 crore steps is not just a physical feat; it’s a declaration that life after cancer is full of purpose and vitality. Their resilience inspires patients, doctors, and society alike to believe that breast cancer can be overcome with the right care and early detection.”

Mr. Akshay Oleti, CEO – Karnataka Region, Apollo Hospitals, “At Apollo Hospitals, we see healing as a journey that extends beyond treatment. The Saree Run is a reflection of that philosophy, where cancer winners lead by example, showing others that awareness and early diagnosis save lives. This initiative is about creating a culture of empowerment, where every woman feels encouraged to prioritise her health and take charge of her wellbeing.”

Speaking on the significance of the event, Dr. (Prof.) Vijay Agarwal, Professor and Lead Consultant, Medical Oncology, remarked, “Breast cancer, when detected early, is highly treatable. Events such as the Saree Run amplify the importance of awareness and regular screening, while also celebrating the success stories of those who have overcome the disease.”

Prof. Dr. Vishwanath S, Professor and Senior Consultant in Medical Oncology, emphasized the broader impact of survivor-led advocacy, saying, “Such initiatives foster a culture of openness, encourage timely medical intervention, and empower patients to take active roles in their recovery journeys.”

Now in its third year, the Saree Run has become a cornerstone of Apollo Hospitals' breast cancer advocacy initiatives in Karnataka. It serves not only as a celebration of cancer winners but also as a platform for community participation and education on early detection and treatment.

AI-Led R&D, Future-Ready Skills, And Smart Manufacturing Take Center Stage On Day 2 Of CII INNOVERGE 2025

The 21st edition of the Confederation of Indian Industry’s (CII) flagship India Innovation Summit – CII INNOVERGE 2025 concluded today at The Taj West End, Bengaluru, with a focus on strengthening India’s innovation ecosystem through AI-led R&D, skill development, and advanced manufacturing. Delivering the Special Address, Dr Selvakumar S, IAS, Principal Secretary, Department of Commerce & Industries, Government of Karnataka, highlighted the pivotal role of research, innovation clusters, and public-private partnerships in strengthening India’s R&D capabilities. He emphasized that Karnataka continues to anchor the nation’s innovation landscape through progressive policies, strategic investments in technology infrastructure, and a robust academic ecosystem. “Karnataka is at the forefront of India’s innovation journey, transforming talent into intellectual property. With over 400 R&D centres, AI and Data Sciences initiatives, and Industry 4.0 programs for SMEs, we are fostering homegrown solutions and extending innovation beyond Bengaluru to Hubballi, Mysuru, Mangaluru, and Belagavi through strong public-private partnerships,” he remarked.

 

Mr Manoj Kumar Meena, IAS, Secretary to Government, Department of Skill Development, Entrepreneurship and Livelihood, Government of Karnataka emphasized "Karnataka is building a unified, future-ready skill ecosystem through the Karnataka Skill Policy 2025–2032, seamlessly connecting education, skilling, and employment. With initiatives like industry-led ITIs under the PM Setu scheme, an AI-driven Skill Connect Portal linking talent with industry demand, and programs such as Nanavritti Nanna Ika, Kalika Jotege Kaushalya, and CM Kaushalya Karnataka Yojana, we are making skilling aspirational, inclusive, and aligned with emerging sectors like green, digital, and creative industries."

 

Mr Kamal Bali, Past Chairman, CII Southern Region; Chairman, CII India INNOVERGE 2025 & President & Managing Director, Volvo Group India, in his opening remarks, highlighted the transformative role of collaboration between government, industry, and academia in shaping India’s next decade of innovation. Partnership is the future of leadership — we must move from an obsession with competition to an obsession with collaboration. To become a product-first nation, India must increase R&D investment, accelerate productization and commercialisation, and scale AI-driven solutions across supply chains and clean-energy systems. That transition will only succeed when collaboration is built on transparency and trust between industry, academia and government so ideas convert into real impact.

 

Mr Rabindra Srikantan, Chairman, CII Karnataka State Council 2025–26 & Managing Director, ASM Technologies cited with India’s demographic advantage comes immense responsibility to align education, skills, and innovation for a future-ready workforce. India’s youth, talent, and innovation ecosystem are our greatest assets. At CII Innoverge 2025 highlights how partnerships across industry, academia, and government can harness these strengths to build a self-reliant, AI-powered, and inclusive Karnataka.

 

Mr Guruprasad Mudlapur, Vice Chairman, CII Karnataka State Council 2025–26 & President, Bosch Group in India; Managing Director, Bosch Ltd, in his remarks, emphasized that India’s transition to a product-led economy depends on the strength of its R&D investment, industrial digitisation, and skilling ecosystem. Karnataka’s competitive edge is collaborative execution when government, industry and academia align on skilling, digitisation and cluster investments, we create scalable and sustainable manufacturing. Technologies such as AIoT and robotics are already reshaping production and supply chains; our immediate priority is to convert pilots into widescale industrial adoption, strengthen MSME competitiveness, and scale regional innovation hubs beyond Bengaluru.”

 

In a thought-provoking fireside discussion titled “Innovation and Strategy in Warfare – Operation Sindoor”, Maj Gen Ravi Murugan (Retd), PVSM, AVSM, shed light on how the Indian Army’s technological preparedness, AI integration, and innovation mindset shaped modern warfare and national security strategy. Reflected on how technology has always been — and remains — the key driver of the battlefield. He underlined the value of curiosity, data-driven learning, and the need for India to accelerate advancements in defence manufacturing to stay ahead in an evolving global landscape.

Day 2 of CII INNOVERGE 2025 reaffirmed India’s innovation momentum and the collaborative efforts required to position the nation as a global technology and manufacturing leader under the vision of Viksit Bharat@2047.

 

Companies associated with the Summit are Volvo Group, RSB Transmission (India) Ltd, Maini Group, Kennametal India Ltd, 3M India Ltd, State of Bavaria, India Office, Pardeep Phosphates Ltd, ASM Technologies Ltd ,  Bosch Ltd, Hitachi Energy India Limited, Infosys Ltd, Manipal Hospital,  AGI Milltec- Milltec Machinery Private Limited, Kauvery Hospital Group, Sona Valliapa Group, Karnataka Renewable Energy Development Limited (KREDL), Lakshmi Machine Works Limited, Toyota Kirloskar Motor Pvt Ltd (TKM), ITC Hotels, Bharat Clouds Private Limited, Tata Hitachi Construction Machinery Company Private Limited, Zing HR & Gifting Partners - KANARA CONSUMER PRODUCTS LIMITED. Academic Partner Welingkar Institute of Management who also shared and showcased their insights which was attended by over 150 industry CXO’s and stakeholders across sectors.

 

About CII

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering Industry, Government, and civil society, through advisory and consultative processes.

 

CII is a non-government, not-for-profit, industry-led, and industry-managed organization, with around 9,000 members from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 365,000 enterprises from 294 national and regional sectoral industry bodies.

 

For more than 125 years, CII has been engaged in shaping India’s development journey and works proactively on transforming Indian Industry’s engagement in national development. CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness, and business opportunities for industry through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues.

 

Through its dedicated Centres of Excellence and Industry competitiveness initiatives, promotion of innovation and technology adoption, and partnerships for sustainability, CII plays a transformative part in shaping the future of the nation. Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship programmes across diverse domains including affirmative action, livelihoods, diversity management, skill development, empowerment of women, and sustainable development, to name a few.

 

For 2024-25, CII has identified “Globally Competitive India: Partnerships for Sustainable and Inclusive Growth” as its Theme, prioritizing 5 key pillars. During the year, it would align its initiatives and activities to facilitate strategic actions for driving India’s global competitiveness and growth through a robust and resilient Indian industry.

 

With 70 offices, including 12 Centres of Excellence, in India, and 8 overseas offices in Australia, Egypt, Germany, Indonesia, Singapore, UAE, UK, and USA, as well as institutional partnerships with about 300 counterpart organizations in almost 100 countries, CII serves as a reference point for Indian industry and the international business community.

 

Photo Caption: LtoR

Ms Radhika Dhall, Senior Director and Head, CII Karnataka

Mr Rabindra Srikantan, Chairman CII Karnataka State Council 2025-26 & Managing Director, ASM Technologies

Sri Manoj Kumar Meena, I.A.S, Secretary to Government of Karnataka

Dr B V Sudharshan, Convenor, CII Karnataka Industry Institute Panel & Senior Vice President Skills Reliance Industries Ltd

Confederation of Indian Industry

The Mantosh Sondhi Centre

23, Institutional Area, Lodi Road, New Delhi – 110 003 (India)

T: 91 11 45771000 I E: info@cii.in • W: www.cii.in

Wind: The Energy Of The Future… Witness The Force That Drives it!

The 7th edition of Windergy India 2025, the exclusive international trade fair and conference for the wind energy sector in the country, is scheduled to take place this October from 29-31 at the Chennai Trade Centre. As India is making giant strides in wind energy generation, the event brings unparalleled opportunities to connect, collaborate and shape the future of renewable energy.

Windergy India 2025 serves as a premier business-to-business platform, uniting policymakers, regulatory authorities, international and domestic solution providers, and industry leaders from across the globe.

Windergy India 2025 is going to be grander, with exhibitors from more than 20 countries participating and over 15,000 people anticipated to attend as visitors. The presence of pavilions representing leading wind power giants such as Denmark, Germany and Spain is sure to strengthen the value of the show.

 

The inaugural session of Windergy India 2025 will be graced by Shri Pralhad Joshi, Cabinet Minister for New and Renewable Energy and Shri Shripad Yesso Naik, Union Minister of State for New and Renewable Energy.

 

Conference Agenda

Alongside the mega trade fair, which will unveil a formidable lineup of over 350 international and national exhibitors, the event also features high-powered panel discussions and roundtables on 29 and 30 October, presented by eminent industry professionals.

 

Themed ‘Wind Power: Policies and Partnerships Towards Aatmanirbharta’, the event promises an insightful conference designed to energise the sector and spark meaningful dialogue.

 

Day 1 features the Tulsi R. Tanti Memorial Lecture on ‘The Road to Energy Self-Sufficiency and Net Zero: The Strategic Role of Wind’, followed by a high-level Government Policy & Regulatory Panel exploring the pathway to achieving 100 GW of wind power by 2030. The State Leadership Roundtable will spotlight regional momentum in ‘Powering the Wind Surge’, while sessions on advancing offshore wind development and international best practices in onshore/ offshore installations and operations and maintenance will offer global perspectives.

Day 2 continues the momentum with discussions on policy pathways to 100 GW, unlocking capital for wind energy assets, and enhancing supply chain and carbon-neutral export competitiveness. Additional sessions will address cost reduction strategies for raw material suppliers to wind components, culminating in ‘Winds of Influence’, a powerful dialogue led by women leaders who are redefining India’s wind sector.

 

Govt Initiatives

The Government of India has been strategically making reforms and proactively promoting the wind energy sector. The recent initiative by the GST council to reduce taxes on wind energy equipment from 12% to 5% has given a tremendous boost to the sector.

The move encourages growth, affordability and innovation in the wind energy industry, and brings the country closer to its climate and energy security goals. With positive trends and staunch support from the Government, India's target of achieving 150 GW is well within reach.

 

Windergy India 2025 is supported by the Ministry of Power, the Ministry of New and Renewable Energy (MNRE), NITI Aayog, and other leading industry bodies. The Karnataka Renewable Energy Development Limited (KREDL) joins as the Partner State, spotlighting Karnataka’s commitment to wind innovation.

Key event partners include Suzlon Energy Limited, Envision Wind Power, Senvion India, GE Vernova, Renfra Energy, Winergy, Globe Ecologistics, Exxon Mobil, Nexhs Renewables, Leap Green, UL Solutions and Latent Landinfra.

  

Windergy India 2025 is a gateway to experience and knowledge, enabling attendees to explore the latest technologies, products and services that are driving advancements in wind power while engaging in meaningful discussions to foster innovation and growth in the sector.

 

It is an excellent opportunity to connect, collaborate, and team up to achieve India’s net-zero goals. Visit, witness and join the pursuit to harness the power of wind and transform tomorrow.

‘As we stand on the cusp of a new era in energy transition, it is imperative to recognise the pivotal role that Wind Energy plays in shaping a sustainable future.

The global shift towards renewable energy sources has been underpinned by technical innovations and economies of scale, translating into increasing cost competitiveness of renewable technologies.’ – Mr. Girish Tanti, Chairman, Indian Wind Turbine Manufacturers’ Association

 

‘As one of the world’s fastest-growing renewable energy market, India’s quest for Aatmanirbharta (self-reliance) in renewable energy is powered by bold policies, strategic partnerships, and faith in indigenous innovation. Wind power is not just a vector of clean energy, but the cornerstone of our national self-reliance.” – Mr. Aditya Pyasi, CEO, Indian Wind Turbine Manufacturers’ Association.

 

“Windergy India 2025 will be a global crossroads for wind energy innovation, investment, and collaboration. As India scales its renewable ambitions, this platform will spotlight emerging technologies, unlock new business opportunities and foster strategic alliances across borders. We are committed to curating an ecosystem where ideas flourish and partnerships thrive.” - Mr. Pradeep Devaiah, Chairman & CEO, PDA Ventures Pvt. Ltd.

N Thangaraja continues hot streak by registering third victory of the season at Bengaluru Open 2025 Powered by IndianOil

Sri Lankan N Thangaraja continued his hot streak by bagging his second title in four weeks and third trophy of the season following his resolute final round performance of two-under 69 at the INR 1 crore Bengaluru Open 2025 Powered by IndianOil played at the Karnataka Golf Association (KGA) course in Bengaluru.

Thangaraja (66-65-66-69) came home the champion by a two-shot margin at a total of 18-under 266 to secure his seventh professional win.

The 44-year-old from Colombo picked up the winning cheque worth INR 15 lakh that took his season’s earnings to INR 82,22,088. Thanga as a result consolidated himself in third position in the PGTI Order of Merit as he came within INR 6.45 lakh of the merit list leader Yuvraj Sandhu.

Manu Gandas (70-63-69-66) of Gurugram finished runner-up at 16-under 268 after he posted a 66 on the last day.

Bengaluru-based Rahil Gangjee shot the final day’s best score of 64 to claim tied third place at 13-under 271 along with Saptak Talwar who carded a 67 on day four.

Seventeen-year-old rookie Manoj S (66) of Bengaluru took fifth place at 12-under 272.

Delhi’s Arjun Prasad (70) finished tied 15th at seven-under 277. Arjun continued in second place on PGTI’s money list and also closed the gap with PGTI Ranking leader Yuvraj Sandhu to nearly INR 2.5 lakh.

N Thangaraja, enjoying a commanding five-shot lead heading into the final round, had a mixed front-nine where he made a birdie and bogey each. On the back-nine, Manu Gandas began to pose a serious challenge to the leader with four birdies till the 15th.

However, Thangaraja rose to the occasion with three straight birdies from the 11th to the 13th courtesy a great approach and an accurate tee shot that kept him ahead of the pack. Thanga’s bogey on the 14th couldn’t derail his round as the seasoned campaigner closed out the tournament with pars on the last four holes.

Thangaraja, who had recorded a win and a runner-up finish on the PGTI in the past three weeks, said, “I feel my game turned around after I changed the grip on my putter ahead of the Chennai event. Since then, my putting has just taken off. I’ve been very consistent with my putting over the last four weeks which in turn produced the desired results for me.

“I was focused and relaxed through the day today despite the likes of Manu making a charge and closing the gap with me on the back-nine. I didn’t really feel pressure and just played like I had played in the previous three rounds.

“I’m happy that I have been getting better with every passing week. These are good signs for me in the lead up to the DP World India Championship in Delhi next week, a tournament where I’m very keen to perform well and make a mark.”

Noida’s Kanav Chauhan (72), the only amateur to make the cut, took the trophy for the best performing amateur. He finished tied 33rd at even-par 284.

Panchkula’s Brijesh Kumar made a hole-in-one on the 15th during his last round of 76. He finished 49th at 12-over 296.

Tata Elxsi: Improved Performance Lay Foundation For Better H2…

Rating: REDUCE | CMP: Rs5,580 | TP: Rs5,010

Q2FY26 Result Update

Quick Pointers:

*     Media & comm segment compensates for client specific issues in Transportation

*     Margins improves largely due to currency tailwinds

The revenue growth exceeded our estimates with 1% QoQ CC growth & margin improvement of 30bps. Surprisingly, the overall revenue impact on the cyber incident for its top account turns out to be less severe (50-100bps QoQ) than anticipated.

Additionally, the ramp up of two large deals within Automotive space compensated the drag within its top account. The underlying demand for Automotive OEMs is recovering, the projects that were kept on hold are being resumed and even the newer projects are seeing timely executions. Although the current growth profiles of US/Europe OEMs are weak, the strong intent to participate and compete against Chinese OEMs are driving the futuristic investments in SDV, ADAS and Connectivity areas. Beyond Automotive, the underlying demand within M&C remains challenging, while Healthcare should drive growth in H2 backed by multiple wins. On margin, it has fairly exceeded our estimate by 100bps QoQ, hence we are passing the benefits to FY26.

We are revising our margins up by 20bps/40bps/60bps due to Q2 beat for FY26E/FY27E/FY28E. We expect CC revenue to decline by 5.1% (-5.9% QoQ earlier) in FY26E and grow by 9.4%/11.2% YoY in FY27E/FY28E. Considering the early green shoots on Transportation, we are assigning 36x PE to Sep’27 EPS, translating a TP of 5,010. Upgrade to REDUCE (SELL earlier).

Revenue: TELX reported revenue ahead of both our and consensus estimates, supported by the ramp-up of a large deal in the Media & Communications segment and only a modest decline in Transportation. Revenue grew 1% QoQ in CC terms, compared to our expectation of a 1.9% QoQ decline & consensus estimate 0.9% QoQ decline in USD. The beat was driven by a 3.7% QoQ CC increase in Media & Communications, while Transportation saw a mild 0.5% QoQ CC contraction and Healthcare declined by 4.6% QoQ CC.

Operating Margin: TELX delivered an EBIT margin of 18.5%, improving 30 bps QoQ and beating our expectation of an 80 bps decline. The margin outperformance was primarily driven by higher-than-expected revenue. EBIT came in at Rs. 1.69 bn, up 4.6% QoQ. PAT for the quarter stood at Rs. 1.55 bn (up 7.2% QoQ), translating into a PAT margin of 16.9%.

Deal Wins: TELX secured several notable large deals, including a multi-year, multi-year multi-million-dollar partnership with Bayer Devices to co-develop advanced radiology products. In Aerospace & Defence, the company won a turnkey airport guidance systems development contract from a US-headquartered supplier. Management also indicated that multiple large deal pursuits are currently underway, signaling sustained momentum in the pipeline.

Valuations and outlook: We estimate USD revenue/earnings CAGR of 5.2%/9.3% over FY25-FY28E. The stock is currently trading at 40x LTM Sep 27E earnings, we are assigning P/E of 36x to LTM Sep 27E earnings with a target price of INR 5,010. We upgrade to stock to “REDUCE” from Sell rating earlier.

Madhya Pradesh Travel Mart 2025: The Grand Confluence Of Tourism In The Heart Of India

 -          Madhya Pradesh to Emerge as a World-Class Tourism Destination – Minister Shri Lodhi

-          Organized by Madhya Pradesh Tourism Board from 11th to 13th October in Bhopal 

Bhopal:

Under the visionary leadership of Hon’ble Chief Minister Dr. Mohan Yadav, Madhya Pradesh is set to establish itself as a world-class tourism destination with the organization of the Madhya Pradesh Travel Mart (MPTM) 2025 from 11th to 13th October 2025 at the Kushabhau Thakre International Convention Centre, Bhopal.

The event will bring together domestic and international buyers, sellers, travel agents, film representatives, and key stakeholders from across the tourism sector on a single platform. Organized by the Madhya Pradesh Tourism Board, this three-day event will host over 700 participants, including more than 80 foreign tour operators from 27 countries, 150 domestic tour operators, 355 sellers, film representatives, and media professionals. It will be India’s largest state-level travel mart, positioning Madhya Pradesh on the global map as the “Heart of Incredible India.”

Minister of State (Independent Charge) for Tourism, Culture, and Religious Trusts & Endowments, Shri Dharmendra Bhav Singh Lodhi, stated that in collaboration with FICCI this will be one of the largest state-level travel marts in the country. It will connect the state’s hoteliers, travel and tour operators, homestay owners, and other tourism stakeholders (sellers) with prominent domestic and international buyers, including major hoteliers and tour operators. This initiative will not only increase tourist inflow into Madhya Pradesh but will also open new avenues of economic growth in the tourism sector and create local employment opportunities.

 

The event will provide a platform for investment, partnerships, and collaborations in tourism, hospitality, film, wedding, and MICE sectors. Over 3,000 B2B meetings will be held during the mart, making it the largest business engagement ever organized in the state’s tourism sector. In addition, international conferences and roundtable sessions will be conducted with State Governments (G2G) and wedding and corporate organizers (G2B) to explore sectoral opportunities. Senior officials from the Ministry of Tourism and various State Tourism Departments will also participate.

 

A Major Step Towards Establishing Madhya Pradesh on the Global Tourism Map

Shri Sheo Shekhar Shukla, IAS, Additional Chief Secretary, Tourism, Culture, Home, and Religious Trusts & Endowments, and Managing Director, Madhya Pradesh Tourism Board, stated that Madhya Pradesh Travel Mart 2025 will showcase the state’s diverse tourism offerings — heritage, wildlife, rural culture, handicrafts, cuisine, and film tourism — under one roof.

Over 120 stalls will be set up, featuring handloom and handicraft products, with live demonstrations of Gond Art and Chanderi saree weaving. Dedicated stalls of tourism stakeholders will also be part of the exhibition. The event will also witness investment promotion, new tourism project agreements, and collaborative announcements under the State Film Policy.

The cultural segment will feature a 40-minute group dance performance choreographed by renowned artist Ms. Maitreyee Pahari, depicting Madhya Pradesh’s natural beauty and historical legacy. The iconic Maihar Band, representing the state’s musical identity, will also perform, along with folk and tribal dances showcasing the cultural heritage and traditions of Madhya Pradesh. Traditional cuisine and local folk culture will add further vibrancy to the event.

 

Chief Minister’s Investor Meetings and Key Thematic Sessions

During the mart, Hon’ble Chief Minister Dr. Mohan Yadav will hold one-on-one investor meetings, along with panel discussions focused on the tourism potential of the state. Two major sessions will be the highlight of the event:

* “Madhya Pradesh: From Hidden Gem to Global Icon” – focusing on the state’s heritage, wildlife, eco-tourism, and festivals.

* “The Future of the Film Sector in Madhya Pradesh: From Reel to Real Growth” – exploring opportunities in film production and film-based tourism.

Both sessions will feature participation from national and international experts, investors, and industry leaders.

 

Influencer Meet and Familiarization Tours

An Influencer Meet will be held on 9th October 2025, bringing together prominent social media influencers from across India. A total of 14 Familiarization (FAM) Trips will be organized for over 200 delegates, offering immersive experiences across Madhya Pradesh’s diverse tourism circuits — including wildlife, heritage, culture, and spirituality.

Visitors in Bhopal will also participate in engaging local experiences such as a Heritage Walk from Kamla Park to Iqbal Maidan, Yoga and Wellness sessions, Bird Watching at Van Vihar National Park, and Kayaking and Sailing at the Boat Club.

 

Key Participants and Industry Collaboration

The mart will witness participation from several distinguished personalities from India and abroad representing the travel, hospitality, and film industries. These include:

Dr. Jyotsna Suri (CMD, The Lalit Group), Mr. Parveen Chander (Executive Vice President, IHCL Group), Mr. Rajiv Mehra (President, FAITH), Mr. Ved Khanna (President, ADTOI), Mr. Manish Puri (President – Sales, Air India), Mr. Anirudh Kandpal (Co-founder & Senior Vice President – Sales & Strategic Development, Postcard Hotels), Mr. Ravi Gosain (President, IATO), Mr. Rakesh Kumar Rana (Head – Hotels, Partnerships & Affiliates, Yatra.com), and Dr. Sushrut Sudhir Babulkar (Serendipity Lakes & Resorts, Tamia).

From the film industry, leading names such as Ms. Ekta Kapoor, Ms. Sunita Rajwar, Mr. Gajraj Rao, Mr. Raghuvir Yadav, Mr. Vishal Furia (Film Director), Ms. Monisha Advani (Film Producer), Ms. Anna Saura (Spanish Film Producer), Ms. Lara Molina (Member, Spain Film Commission), and Mr. Shivankit Singh Parihar will grace the event. Pavilions of Madhya Pradesh Tourism, IRCTC, Incredible India, and various State Tourism Departments will also form part of the exhibition.

 

The Impact and Future of Madhya Pradesh Tourism

Madhya Pradesh Travel Mart 2025 aims to position the state as a global center for investment and partnerships in tourism, films, weddings, and responsible tourism. Through this event, the brand identity of Madhya Pradesh will reach 27 international markets, enhancing global visibility and promoting the state’s tourism assets worldwide. The mart is expected to open new avenues for collaboration, investment, and growth in the tourism sector. MPTM 2025 will mark a significant step toward establishing Madhya Pradesh as a “Global Icon in Tourism.”