IIHM Signs Landmark MoU With Government Of Andhra Pradesh To Transform Hospitality And Tourism Ecosystem

In a historic milestone for India’s hospitality, culinary, and tourism sectors, the International Institute of Hotel Management (IIHM) has entered into a landmark three-year Strategic Partnership Memorandum of Understanding (MoU) with the Government of Andhra Pradesh. Signed through the Andhra Pradesh Economic Development Board (APEDB) in Tirupati. This strategic alliance brings together government vision and global hospitality expertise to build a future-ready workforce and accelerate regional tourism.

The collaboration represents a transformative step forward in bridging education with enterprise. By combining IIHM’s renowned academic framework with the state's vision for economic expansion, the partnership aims to elevate standards across hospitality education, cultural promotion, destination marketing, and industry integration.

With a strong focus on sustainability, skills development, and emerging technologies—including Artificial Intelligence (AI) in service operations and destination management—the initiative aims to revitalize the state’s broader economic landscape.

Emphasizing the significance of this strategic union, Dr. Suborno Bose, Chairman of IIHM, highlighted the transformative potential of aligning high-level governance with specialized education. "This partnership marks a momentous occasion where government vision seamlessly meets global hospitality expertise. By joining hands with the Government of Andhra Pradesh, IIHM is committed to creating a vibrant ecosystem that empowers young talent with world-class skills, integrates cutting-edge technologies like AI, and positions the state as a leading benchmark for global hospitality education," he said.

Dr. Bose further underscored the broader cultural and economic implications of the agreement, particularly regarding regional heritage and destination growth: "Our alliance goes beyond conventional academic partnerships—it is about honoring the rich culinary heritage of Andhra Pradesh and reimagining its tourism potential. Together with the Andhra Pradesh Economic Development Board, we are opening dynamic new avenues for innovation, entrepreneurship, and employment that will resonate across the region for years to come."

*Four Core Pillars of the Partnership*

The strategic agreement outlines a clear roadmap to turn ambition into action across four key focus areas:

* World-Class Hospitality Education: Developing future-ready talent by introducing modern skill sets, international best practices, and advanced training methodologies to prepare students for global leadership roles.

* Celebrating Andhra Pradesh’s Culinary Heritage: Promoting regional culinary traditions, indigenous recipes, and food entrepreneurship, elevating the state's unique flavors onto global culinary maps.

* Reimagining Tourism: Enhancing destination visibility, promoting sustainable tourism models, and developing immersive culinary and eco-tourism experiences across key regions.

* Connecting Education with Industry: Creating robust pathways for industry collaboration, employment, innovation, and youth entrepreneurship.

*A New Chapter for Industry and Academia*

The signing ceremony in Tirupati marks the beginning of a sustained joint venture. By establishing direct linkages between academia, local government authorities, and global industry networks, the alliance ensures that hospitality training remains tightly aligned with evolving market demands.

As the three-year agreement unfolds, IIHM and the Government of Andhra Pradesh will launch dedicated skill development programs, host culinary research initiatives, and drive sustainable tourism campaigns across the state. This landmark initiative stands as a testament to what can be achieved when public vision and educational excellence unite to shape the future of India's service economy.

*About IIHM*

The International Institute of Hotel Management (IIHM) is a leading global network of hospitality management institutes, shaping the next generation of hospitality professionals through industry-integrated education, innovation and international exposure. With campuses across India and overseas, IIHM offers globally oriented programmes in hospitality, tourism and culinary arts. Through its pioneering initiatives in global culinary diplomacy, entrepreneurship, sustainability and Artificial Intelligence, IIHM continues to redefine the future of hospitality education.

Lam Research Challenge 2026 Brings Top Engineering Institutions Together To Solve Semiconductor Systems Challenges

Photo caption: Rangesh Raghavan, Corporate Vice President and Managing Director, Lam Research India, presents the winner’s trophy and prize cheque to the team from IIT Guwahati, which emerged as the overall winner at the 3rd edition of The Lam Research Challenge 2026.

More than 800 teams from nearly 190 colleges, including IITs and leading NIRF-ranked engineering institutions, competed in Lam’s advanced systems engineering challenge, showcasing the next generation of semiconductor talent.

As the AI era accelerates demand for skilled talent for the semiconductor industry, Lam Research, a leading supplier of wafer fabrication equipment, today announced the winners of the 3rd Lam Research Challenge. The event is the company’s elite, advanced semiconductor systems competition. More than 3,000 young aspiring innovators and engineers from nearly 190 colleges in India competed in this year’s challenge, underscoring the growing importance of systems engineering skills needed to design, build and optimize increasingly complex semiconductor manufacturing technologies. The winners were announced at the grand finale, held at PES University in

Bengaluru, on the 5 th and 6 th of November.

Sophisticated semiconductor manufacturing requires expertise spanning hardware, software, automation, data science, process engineering and advanced controls, making systems engineering a critical capability for the industry's future growth. The Lam Research Challenge is one of India's largest industry- led semiconductor engineering competitions, designed to build skills relevant to semiconductor manufacturing and advanced wafer fabrication. Unlike traditional engineering competitions focused on individual disciplines, this challenge encourages participants to apply systems-level thinking and understand how multiple technologies and functions interact within large-scale manufacturing operations.

Following a rigorous multi-stage three-month-long competition that included qualification and hardware- build rounds, selected teams advanced to the finale.

Highlights included:

Each team comprises four students, from multi-disciplinary backgrounds 25 finalist teams selected Finalists included students from 20 colleges, including 10 IITs, 2 NITs and 2 BITS campuses selected from 803 teams across 189 colleges in 23 states and 4 Union Territories During the finale, participants developed solutions to complex technical challenges, demonstrating creativity, engineering execution and the ability to translate ideas into working outcomes. Entries were evaluated on innovation, technical excellence, collaboration and problem-solving, and performance under pressure, with IIT Guwahati emerging as the overall winner. Runner-up, IIT Ropar and Second Runner-up - NIT Calicut secured the remaining podium positions. Winners shared prize money worth INR 1,000,000 while select students from this pool are offered internship opportunities with Lam Research, global wafer fabrication equipment leader.

“Congratulations to all the participants of the Lam Research Challenge 2026. Semiconductor manufacturing is one of the most sophisticated engineering environments in the world today, requiring talent that can solve complex, systems-level challenges,” said Rangesh Raghavan, corporate vice president and managing director, Lam Research India. “The Lam Research Challenge is designed to help students build these capabilities while gaining exposure to the kinds of engineering problems shaping the future of our industry. It further demonstrates our continuing commitment to inspire the next generation of innovators.”

Why Systems Engineering Matters in the AI Era

The industry's talent requirements are evolving beyond traditional engineering disciplines. Modern semiconductor manufacturing environments require engineers who can understand and optimize entire systems rather than individual components in isolation, creating growing demand for talent capable of integrating technologies across increasingly complex engineering environments. Building the pipeline of future talent continues to be important as India expands its role across semiconductor manufacturing, advanced packaging, equipment engineering and the broader electronics ecosystem.

Workforce Enablement Critical to Supporting India's Expanding Semiconductor Ambitions

Lam Research is supporting semiconductor workforce development through a portfolio of skilling initiatives spanning semiconductor education, advanced manufacturing training and applied systems engineering. These include Semiverse® Solutions, which is being deployed in India through a partnership with the India Semiconductor Mission and the Indian Institute of Science with a goal to help train up to 60,000 engineers over the next decade, the Lam Research Challenge, and a 240-hour advanced manufacturing skill development programme that provides industry-aligned training, certification and placement support for entry level manufacturing jobs. Together, these initiatives are helping build the talent pipeline needed to support India's growing semiconductor ecosystem.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values- based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500 company headquartered in Fremont, California, with operations around the globe. 

LTM And ServiceNow Expand Partnership To Scale Agentic AI And Accelerate Joint Go-To-Market

• Combines the ServiceNow AI Platform with LTM’s domain and technology expertise to help enterprises deploy governed agentic AI at scale.

• Strengthens joint go-to-market efforts for more than 700 shared customers, using LTM’s own transformation as a proven enterprise blueprint.

ServiceNow (NYSE: NOW), the Super Intelligence Control Tower for business reinvention, and LTM, the Business Creativity partner to the world's largest enterprises, today announced a planned expansion of their partnership to scale agentic AI and accelerate joint go-to-market initiatives for customers. The companies will bring together the ServiceNow AI Platform and LTM’s domain, engineering, and transformation expertise to help enterprises move agentic AI programs from isolated use cases to governed, enterprise-wide adoption and measurable business outcomes.

As an Elite ServiceNow Partner serving more than 700 joint customers, LTM will use its own enterprise transformation as a ‘client-zero’ blueprint. LTM has deployed 1,500 ServiceNow AI Agents across its operations, creating a digital workforce that works alongside employees, while ServiceNow Super Intelligence Control Tower provides a single system of action for AI inventory and risk oversight, with LTM expecting up to an 80% improvement in AI asset management and efficiency. LTM’s own ServiceNow deployment will inform joint solutions and go-to-market programs designed to help customers adopt, govern, and scale agentic AI with greater speed and confidence.

The ServiceNow AI Platform is already helping LTM achieve measurable value across cybersecurity, HR, IT, and project delivery. ServiceNow solutions are streamlining security operations, reducing IT ticket volumes, and enabling up to 87% faster senior management review cycles.

“Our expanded partnership with ServiceNow will help enterprises move agentic AI from experimentation to meaningful business impact,” said Krishnan Iyer, Chief Growth Officer, LTM. “By combining the ServiceNow Platform with LTM’s domain, engineering, and transformation expertise, we will jointly develop solutions and go-to-market programs that help customers deploy agentic AI with greater speed and confidence.”

“LTM is showing what an AI-powered enterprise looks like: a new workforce of AI agents working alongside their people, delivering faster threat responses, fewer IT tickets, and higher HR productivity. But every agent is a new identity with enterprise access, and most companies can't say where their agents are, what they're doing, or who's accountable,” said Kulmeet Bawa, GVP & Managing Director, ServiceNow India & SAARC. “With the ServiceNow Super Intelligence Control Tower, LTM has visibility and control, so their people stay focused on the judgment calls that matter. Now more than 700 joint customers get to learn from a partner who's already done it.”

About ServiceNow

ServiceNow (NYSE: NOW) is the Super Intelligence Control Tower for business reinvention. The ServiceNow platform integrates with any model, any cloud, and any data source to orchestrate, govern, and secure work across the agentic enterprise. ServiceNow gives customers the enterprise context and control to build and scale confidently. With more than 100 billion workflows running on the platform each year, ServiceNow helps organizations turn fragmented operations into coordinated, autonomous work for IT, CRM, Security, Employee Experience, and more. Learn how ServiceNow puts AI to work for people at www.servicenow.com. 

Wonderla Bengaluru Announces Diwali Ticket Offer Starting At ₹1,099

* Bringing the joy of Diwali beyond home with rides, festive decor and family experiences

Wonderla Holidays, India’s largest amusement park chain, has announced a special Diwali ticket offer at its Bengaluru park, inviting families and groups to plan a fun-filled day out during the festive week. The offer comes as Wonderla celebrates the festive season with its campaign, “This Diwali, Be Majaa Ready.”

Tickets start at ₹1,099 per adult, excluding applicable taxes. The offer is valid for visits from 7 to 13 November 2026. Ticket prices vary by height, with free entry for children below 85 cm in height. Tickets can be booked on Wonderla’s official website and through online ticketing platforms.

The park will also run a Jain buffet alongside its regular buffet through the offer period, for visitors with different dietary preferences.

Speaking about the Diwali celebrations, Dheeran Choudhary, Chief Operating Officer, Wonderla, said, “Diwali is all about coming together with loved ones and creating special memories. At Wonderla Bengaluru, we wanted to bring that same festive warmth and excitement beyond the home, creating a space where families and friends can celebrate together. With festive decorations, exciting rides and shared experiences, we hope to offer visitors a different way to enjoy Diwali and make lasting memories with their loved ones.”

The park will be decorated in a Diwali theme, with festive lighting, floral rangolia and a special Diwali-themed photo booth for visitors. Adding to the celebrations, Wonderla Bengaluru has planned a series of activities, including an in-house DJ performance on 7 November, traditional Dollu Kunitha performances and Zumba sessions from 8 to 10 November, and evening fireworks displays from 7 to 10 November, creating a festive atmosphere for families and friends.

Wonderla Bengaluru features attractions such as Garuda Glide, Karnataka's first inverted roller coaster, and Mission Interstellar, a space-themed immersive ride with an 8K screen and motion-controlled platform. The park also offers a mix of land rides, water attractions and family-friendly experiences for visitors across age groups

Visitors can check and book tickets through Wonderla’s official website : https://www.wonderla.com/offer/diwali-offer

Contact: +91 80372 30333, +91 9945557777

About Wonderla Holidays Limited:

Wonderla Holidays Limited is India's largest amusement park chain, with parks in Kochi, Bengaluru, Hyderabad, Bhubaneswar and Chennai. Since the first park opened in Kochi in 2000, Wonderla has welcomed over 50 million guests. Known for its thrilling attractions, including custom-designed rides from leading international suppliers, Wonderla continues to set the benchmark in family entertainment.

In addition to its parks, Wonderla offers immersive experiences through its premium resorts in Bengaluru: The Isle by Wonderla, a serene retreat amidst water, and Terrea by Wonderla, an earth-inspired urban resort. Headquartered in Bengaluru, Wonderla Holidays Limited is listed on the BSE and NSE. 

South Africa Makes Travel Easier For Indian Travellers With Expanded Electronic Travel Authorization

South Africa has announced the continued expansion of its Electronic Travel Authorization (ETA) system, introducing new capabilities designed to simplify and streamline travel for eligible visitors across India, Southeast Asia and the Middle East. The enhanced platform introduces new features aimed at simplifying the travel authorization process, enabling more travellers to experience the country’s renowned wildlife, breathtaking landscapes, vibrant cities, and rich cultural heritage.

The ETA enables eligible Indian passport holders to apply for travel authorization entirely online, without the need to visit a visa processing center or obtain a traditional visa sticker. The digital system is designed to streamline the application process, making it easier for travellers to plan their holidays and prepare for their journey to South Africa.

With the latest enhancements, the Electronic Travel Authorization (ETA) system now supports applications for minors, including biometric capture and enrolment on the Home Affairs National Identification System (HANIS) for children aged seven years and older. The platform also introduces a multi-applicant capability, enabling families and groups to submit applications through a single portal. Together, these enhancements are designed to deliver a more seamless, convenient and user-friendly travel authorization experience for Indian travellers.

The expansion of the ETA is being implemented in phases, with additional country waves introduced during August and September 2026. The platform is now available across 53 countries, including all markets previously covered under South Africa's eVisa programme, which has now transitioned to the ETA system. This milestone represents a significant step in South Africa's ongoing efforts to modernize and digitize its travel authorization process, making access to the destination more efficient and convenient for international visitors.

The next phase of the ETA expansion will target key growth markets ahead of the ICC Cricket World Cup 2027, supporting South Africa’s efforts to boost tourism and improve accessibility for international visitors. Indian travellers will be able to pair the tournament experience with the destination’s renowned safari, culture and leisure offerings.

The transition to ETA will also see the decommissioning of the eVisa system on 1 December 2026, with a full move to the digital authorization platform. The system is being actively monitored for stability and scalability, while communication and stakeholder onboarding initiatives are underway to support the transition and familiarize travellers and industry partners with the new process.

Commenting on the developments, Ms. Neliswa Nkani Hub Head MEISEA, South African Tourism, said, “Indian travellers are increasingly looking for destinations that offer memorable experiences alongside greater convenience. The continued expansion of South Africa’s Electronic Travel Authorization is an important step towards making travel planning simpler for eligible visitors, including families and groups. As we look ahead to the ICC Cricket World Cup, we hope more Indian travellers will take the opportunity to experience South Africa beyond the game, discovering our extraordinary wildlife, breathtaking landscapes, vibrant cities and rich cultural heritage.”

The continued expansion of the ETA reflects South Africa’s efforts to create a more seamless travel experience for eligible international visitors, while supporting its tourism ambitions and strengthening its appeal among Indian travellers.

Travellers are encouraged to check their eligibility and complete their applications through the official South African Department of Home Affairs ETA portal ahead of their planned visit. The ETA serves as pre-authorization to travel, with final admission determined by South African border authorities upon arrival.

TI Simplifies Industrial Ethernet Integration For Connected Factories With The Industry’s Smallest Multiprotocol Communications Module

* Pre-certified multiprotocol module and advanced IO-Link master expand TI’s industrial communication portfolio to enable a future-ready industrial networking ecosystem

News highlights:

The TICS100MOD is the industry’s smallest fully featured, multiprotocol communications SoM, streamlining Industrial Ethernet integration by supporting EtherCAT, EtherNet/IP and Profinet on a single, compact piece of hardware.

The TIOM2212 is an advanced dual-channel IO-Link master that bridges the gap between field devices and Industrial Ethernet networks, simplifying the integration of sensors and actuators into factory control systems.

TI’s multiprotocol approach enables engineers to switch between Industrial Ethernet protocols through simple firmware updates, reducing design complexity and future-proofing industrial networking ecosystems.

Texas Instruments (TI) (Nasdaq: TXN) today announced two new devices designed to enable seamless interoperability across increasingly complex factory automation, robotics and Industrial Internet of Things systems. A multiprotocol communications system-on-module (SoM) and IO-Link master expand TI’s industrial communication portfolio, which includes software-programmable hardware and certified, production-ready software stacks that enable engineers to run any established protocol on one integrated platform.

TI's multiprotocol industrial communication portfolio enables fast, reliable data exchange between control units and field devices.

“Industrial communication is evolving faster than ever, and engineers need a partner who can help them adapt to emerging standards and requirements,” said Karim Jamal, director of Industrial Communications Solutions at TI. “TI brings together certified hardware, software and in-house engineering expertise, supporting customers as they develop next-generation industrial automation systems that work together seamlessly across devices, networks and communication protocols.”

“At SICK, we rely on robust and future-ready communication technologies to connect sensors, machines, and systems. TI’s Industrial Ethernet and IO-Link solutions help us bring products such as the SIG300 to market with the performance and reliability required for modern industrial automation,” said Dr. Stefan Odermatt, senior vice president of research and development, integrated automation at SICK.

Achieve seamless multiprotocol integration

Built on TI’s AM2612 microcontroller (MCU) and DP83826AI Ethernet physical layer, the TICS100MOD is the industry’s smallest fully featured, certified communications SoM that supports multiple real-time Ethernet protocols on a single piece of hardware. The SoM allows engineers to switch between EtherCAT, EtherNet/IP and Profinet during boot time through a simple firmware update, future-proofing their designs as protocols evolve and making Industrial Ethernet integration easier and more cost effective. The TICS100MOD SoM integrates two Arm® Cortex®-R5F cores and external memory, providing enough compute performance to support fully featured protocol stacks and advanced factory automation applications in an optimized system footprint.

The TIOM2212 dual-channel IO-Link master bridges TI’s upstream multiprotocol approach to the sensor and actuator level with IO-Link connectivity, enabling engineers to connect IO-Link devices to higher-level Industrial Ethernet networks through a single platform. With advanced analog integration and built-in protection features, the TIOM2212 ensures fast, reliable data exchange between field devices. Compatible with TI’s Sitara™ industrial networking system-on-chip (SoC) family and AM13Ex real-time MCUs through an integrated frame handler, the TIOM2212 reduces the design complexity and costs of bridging field devices and factory control systems.

Accelerate innovation in connected factories

Connected factories require multiple industrial communications protocols to exchange data between diverse equipment on the production floor. Supporting multiprotocol networks typically requires separate hardware for each protocol – increasing cost, design complexity and time. Sourcing both hardware and software from a single vendor can simplify integration and customization, reduce supply-chain risk, and streamline long-term platform maintenance.

TI’s multiprotocol portfolio enables engineers to address these design challenges in several ways:

Protocol flexibility: Firmware-based switching and customization helps meet changing customer or regional requirements without hardware redesign.

Deterministic communication: Simultaneous real-time performance across multiple protocols, with industry-leading process data cycle times on TI MCUs and processors.

Software configurability: Full media access control layer access enables highly customized protocol implementations across the stack.

Streamlined development: Evaluation modules and a software development kit (SDK) with certified, production-ready protocol stacks, application examples, training resources, and development and troubleshooting tools accelerate time to market.

For more information, read the application brief, “Accelerating Industrial Connectivity: Simplifying Multiprotocol Ethernet Integration with TICS100MOD.”

Enable a future-ready industrial networking ecosystem with TI technology

Central to TI’s single-chip, multiprotocol approach is the programmable real-time unit and industrial communication subsystem (PRU-ICSS). This proprietary hardware block is integrated into TI MCUs and SoCs to handle deterministic, low-latency industrial communication protocols. By offloading real-time communication to these dedicated cores, the general-purpose Arm CPUs are freed to manage other critical functions, improving overall system performance.

TI’s broader portfolio for industrial communications includes scalable SoCs with an integrated PRU-ICSS, real-time MCUs, protocol-compliant interface devices and an industrial communication SDK. With the addition of the TIOM2212, TI now provides every hardware layer in the IO-Link ecosystem, spanning transceivers, digital output switches and a master device with an integrated frame handler. These solutions are designed, optimized and supported in-house, positioning TI as the partner of choice for networking engineers.

TI at electronica 2026

TI will display its multiprotocol industrial communications technology at electronica, Nov. 10-13, in Munich, Germany. The new TICS100MOD SoM will be featured at TI’s exhibit in Hall C4, booth 159, in two demonstrations:

TICS100MOD multiprotocol Industrial Ethernet: Reduce complexity and speed up time-to-market by seamlessly integrating multiprotocol industrial Ethernet into any system with TI’s certified, production-ready module.

New industrial communication technologies and trends: Create a seamless, future-ready industrial networking ecosystem by leveraging the latest Ethernet and IO-Link protocols, integrated neural processing units and time-sensitive networking.

Availability

Preproduction quantities of the TIOM2212 IO-Link master device are available now on TI.com, with the TICS100MOD SoM available by year-end 2026. Development resources are also available, including the:

Industrial communications SDK.

TIOL221 evaluation module.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

Livpure Reaches 50th Milestone With New Exclusive Brand Outlet In Delhi

* The milestone takes Livpure's exclusive retail presence to 50 stores, spanning metros, state capitals and high potential Tier 2 and Tier 3 markets

* The outlet showcases Livpure’s wellness-focused portfolio spanning water purification, kitchen, and air solutions

* The Delhi launch underlines the brand’s expansion into emerging, high-growth markets through an experience-first retail approach

Livpure, a leading brand focused on improving everyday well-being, today announced that it has achieved the milestone of 50 Exclusive Brand Outlets (EBOs) across India with the opening of its Exclusive Brand Outlet in Delhi. The launch marks another step in the brand's efforts to expand its physical retail presence and bring its integrated ecosystem of home wellness solutions closer to consumers, strengthening its commitment to making innovative and reliable solutions more accessible to Indian households.

Driven by its mission to democratise access to safe and pure drinking water, Livpure's expanding EBO network is built on the belief that every household deserves access to the right purification solutions and the knowledge to make informed choices. Going beyond conventional retail, these outlets serve as dedicated brand experience centres, bringing Livpure closer to consumers in their own neighbourhoods. By bridging the gap between advanced technology and everyday household needs, Livpure aims to simplify the consumer journey, build greater awareness around water quality and empower families to make confident decisions for their well-being.

Commenting on the launch, Mr. Rakesh Kaul, Managing Director of Livpure, said, "The opening of our 50th Exclusive Brand Outlet marks an important milestone in Livpure's growth journey and reinforces our commitment to expanding our retail presence across India. As we continue to strengthen our footprint, our focus is on reaching consumers in Tier 2 and Tier 3 cities, making advanced, technology-led home solutions more accessible to households beyond the major metros. Through our expanding network of Exclusive Brand Outlets, we aim to bring consumers closer to our innovations, such as ClearDrop Technology, which goes beyond conventional filtration to address emerging contaminants and deliver cleaner, safer drinking water. As we move forward, we remain committed to taking reliable, innovative and accessible solutions to more homes across the country."

Anchored in Livpure's philosophy of wellness powered by technology, the Delhi outlet brings together the brand's innovations across categories. The store features AIoT-enabled solutions for hands-on exploration, including Livpure's Maintenance Free Water Purifier Series, its Cleardrop Technology Range, 2X Filter Life Water Purifier Range, Voice-Enabled Chimneys, and a portfolio of smart, energy-efficient appliances. Reinforcing the brand's focus on sustainable and future-ready living, the outlet offers live product demonstrations complemented by personalised assistance from trained specialists.

As physical retail continues to play a vital role in building consumer confidence across India's diverse markets, Livpure plans to further accelerate its offline expansion. The company aims to open 100 Exclusive Brand Outlets across key markets over the next financial year, bringing its wellness-focused ecosystem closer to more Indian homes.

About Livpure

Livpure is one of India's most trusted and customer-centric brands. For over 14 years, Livpure has been delivering health, comfort, and innovation to more than 3 million satisfied customers across India. Livpure offers a wide range of wellness-focused products, including water purifiers, subscription-based water purifiers, home appliances, mattresses, sleep accessories, and smart home solutions.

Manufactured and assembled under high hygiene and quality standards in its state-of-the-art R&D facility, each Livpure offering is engineered to minimise environmental impact while ensuring reliability, performance, and design excellence. Supported by a pan-India distribution network and 2500+ certified engineers, Livpure ensures seamless service to households nationwide. As part of the SAR Group, established in 1988, Livpure operates with a long-term commitment to purity, wellness, social equity, and sustainable innovation.

Driven by technocrats and visionaries, the mission is to make “crafted for your wellbeing” a promise in every Indian household.

Titan Has Acquired Majority Stake In Damas Jewellery To Strengthen Market Presence Across The Six GCC Countries

By Manu Sharma

Damas Jewellery is jointly owned by Titan Company (which holds a 67% majority stake through its subsidiary Signature Jewellery Holding) and Mannai Corporation QPSC (which retains the remaining 33% stake through MC International Limited).

Titan Company (67%): An Indian luxury and watchmaker backed by the Tata Group, Titan completed its acquisition of the majority stake to expand across the Gulf Cooperation Council (GCC). Titan has an option to acquire the remaining 33% share after the end of 2029.

Mannai Corporation QPSC (33%): A Qatar-based corporation that previously held full ownership of the brand and retains a minority share following the transaction.

It is a significant move for Titan's jewellery business as it will facilitate the expansion across the 6 GCC countries of UAE, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. The region is exhibiting robust economic growth creating a demand for differentiated, high quality offerings rooted in Arabian aesthetic and appealing to sophisticated clientele seeking unique, culturally resonant designs.

Damas Jewellery stands as Middle East's premier jewellery retailer, weaving a rich legacy of over a century marked by unparalleled craftsmanship and innovation. With a network presence of 146 stores across the 6 GCC countries, Damas today, houses a rich and curated portfolio of in-house collections alongside prestigious international labels.

Commenting on the acquisition,

C.K. Venkataraman, Managing Director of Titan, said:

"After successfully establishing Tanishq in the GCC countries and the USA, our ambition for a global jewellery play is moving to the next stage. With the Damas acquisition, Titan Company is stepping out from its diaspora focus into other nationalities and ethnicities. Damas is a prestigious brand revered in the GCC markets for its product innovation, quality and customer experience. The brand's rich legacy and strong presence in the GCC region align perfectly with our vision to deliver exceptional value to customers throuoh iconic, consumer-focused businesses. The acquisition not only creates a significant new global opportunity for Titan, but also enhances Titan's overall position in the jewellery market in the GCC countries and brings in multiple synergy benefits in talent, retail networks and supply chain.

We are happy to welcome Damas into the Titan family. We look forward to building on Damas' rich heritage while driving the brand's sustainable growth journey together with Mannai Corporation."

Alekh Grewal, Group Chief Executive Officer of Mannai Corporation, said:

"Mannai Corporation is a Public Listed Company headquartered in Qatar, our activities are mainly focused in the Business to Business segment based on trade and IT services. Damas , headquartered in Dubai, became a subsidiary of Mannai in 2012, and the time has come for investment in the next phase of its expansion in the region. So, we are delighted that Titan is taking the opportunity to invest in the future of Damas. Both Titan and Damas share the same values in terms of passion for beautiful jewellery, innovative design and dedicated customer service , and we are confident that the combination of Damas powered by Titan will drive Damas in the next chapter of its growth trajectory in the GCC. Mannai will continue to own a minority stake in Damas for the next 4 years as the growth plans for Damas are taken forward. It is intended that the proceeds of the sale transaction will be deployed by Mannai to strengthen its resources in support of further expansion of its core trade and IT services businesses in addition to reducing the Group Debt."

BMRCL And InMobi Sign MoU To Strengthen Sustainable Urban Mobility At InMobi Ibbaluru Metro Station

* InMobi partners with BMRCL to secure naming rights for the next 30 years, reinforcing its long-term commitment to Bengaluru and its citizens

Bangalore Metro Rail Corporation Limited (BMRCL) and InMobi today announced a long-term partnership for the InMobi Ibbaluru Metro Station, bringing together public infrastructure and private enterprise to support a more connected, accessible, and sustainable Bengaluru.

Under the agreement, InMobi has secured the naming rights for Ibbaluru Metro Station for a period of 30 years, with a total contractual commitment of ₹65 crore, excluding GST. The station will be known as InMobi Ibbaluru Metro Station. The partnership brings together public infrastructure and private enterprise to support Bengaluru's expanding public transport ecosystem and its long-term development.

Dr. P. C. Jaffer, IAS, Managing Director, BMRCL, said: "We are delighted to welcome InMobi, India's first double unicorn company, as our partner in the development of Bengaluru's Metro infrastructure. This partnership demonstrates how leading corporate organisations can contribute meaningfully to the growth of public transport. The Rs. 65 crore arrangement will support Metro infrastructure development while strengthening BMRCL's non-fare revenue initiatives. We look forward to many more such partnerships with Bengaluru's corporate community."

“Bengaluru gave InMobi the confidence to imagine and build a global future,” said Naveen Tewari, Founder and CEO, InMobi. “As we have grown, so has our sense of responsibility towards the city that shaped our journey. This partnership reflects our commitment to giving back to Bengaluru and our belief that businesses have a role to play in the development of the communities they are a part of. As we continue building from India for the world, we remain equally committed to contributing to the city where our journey began.”

Dr. Subi Chaturvedi, Global SVP, Chief Corporate Affairs and Public Policy Officer, InMobi, further added, “A city’s progress is felt in the daily lives of its citizens: how easily a student reaches college, a professional gets to work or a family travels across the city. Public transport makes those connections possible. Through our partnership with BMRCL, we are committing to Bengaluru’s future with the patience and responsibility that city-building requires. Our intention is to create lasting public value through infrastructure that serves people across generations. It's truly a moment of great pride for all InMobians.”

For InMobi, founded in Bengaluru and grown into a global technology company, the partnership represents an enduring investment in the city that shaped its journey. It recognizes that Bengaluru’s continued progress depends on infrastructure that gives people better access to workplaces, education, opportunities, and one another.

The partnership supports a broader vision of urban growth in which mobility and economic development advance together. By supporting metro infrastructure, the collaboration seeks to encourage the use of public transport and contribute to Bengaluru’s response to traffic congestion and environmental pressures.

It also underscores the role businesses can play as long-term participants in urban development, connecting enterprise success with the quality of public infrastructure on which employees, families and communities depend. BMRCL and InMobi see this partnership as a contribution to Bengaluru’s long-term resilience, bringing institutional collaboration and sustained investment together in support of a more liveable city.

About BMRCL

Bangalore Metro Rail Corporation Limited (BMRCL) is a joint venture of the Government of India and the Government of Karnataka, established to implement the Bengaluru Metro Rail Project. Through Namma Metro, BMRCL is strengthening urban connectivity and providing an environmentally sustainable public transport system for Bengaluru. Its expanding network connects communities and employment centres, supporting the city’s mobility needs and long-term development.

About InMobi

InMobi is a global technology company shaping the future of agentic commerce and advertising. Through its ecosystem of businesses — including independently operated consumer platform Glance — InMobi leverages data, machine learning, and generative AI to help brands reach targeted audiences and consumers discover products more intuitively. Glance, which is pioneering new models of agentic commerce, is operated by Glance InMobi Pte. Ltd., an associate of InMobi Technology Services Pte. Ltd. To learn more, visit advertising.inmobi.com.

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Chef Aanal Kotak To Put India On The Global Culinary Map At The 10th World Tapas Championship

* As India's sole representative among 16 international finalists, Chef Aanal will showcase Gujarat's iconic Amdavad ni Kachori on the global stage

India's rich food heritage is set to take centre stage internationally as Chef Aanal Kotak, Celebrity Chef, Entrepreneur and Co-founder of TSK Hospitality LLP, prepares to represent the country at the 10th World Tapas Championship (Concurso Mundial de Tapas), scheduled from November 9–11, 2026, in Valladolid, Spain. Recognised as Gujarat's Youngest Cooking Expert and known for her association with MasterChef India Season 7 as a celebrity guest, Aanal's participation marks a significant milestone for India's presence at the championship. The international competition brings together chefs from across the world to showcase their interpretations of tapas, a traditional Spanish culinary format, and compete for the title of the World's Best Tapa. Taking with her Amdavad ni Kachori, an iconic preparation rooted in Gujarat's food culture, she will introduce a distinctive regional Indian speciality to an international audience.

Beyond the competition, Chef Aanal's representation carries a larger story of India's food identity reaching beyond its borders. Through Amdavad ni Kachori, she brings together six distinct expressions of Gujarat on a single plate, with Tuver Dal capturing the comfort of Gujarati home cooking, Kadhi representing tradition, Mango Chundo adding the region's signature sweet-and-sour balance, and Mint bringing freshness, all brought together through the soul of Indian street food. Conceptualised around the connection between Ahmedabad and Valladolid as sister cities, the dish reimagines a traditional Gujarati preparation in a contemporary tapas-style format, creating a bridge between local food traditions and international culinary expression.

Celebrating its tenth edition, the World Tapas Championship is a leading international competition that brings together 16 chefs from across five continents to compete for the title of the World's Best Tapa. Hosted at the Cúpula del Milenio in Valladolid, Spain, the 2026 edition will feature chefs from countries including Australia, Mexico, the United States, Thailand, South Korea, India and the United Kingdom, presenting their creations before an international jury of distinguished culinary experts. The championship celebrates culinary excellence, bringing together diverse food traditions, innovation and contemporary interpretations of tapas.

Speaking about her participation, Chef Aanal Kotak, Founder, The Secret Kitchen said "Representing India at the 10th World Tapas Championship is both a tremendous honour and a responsibility that I carry with immense pride. India has an extraordinary culinary legacy, with every region offering its own distinct flavours, techniques and stories. Through Amdavad ni Kachori, I want to take a piece of Gujarat's food culture to the world and showcase the depth and character of our regional cuisine. For me, this is not just about presenting a dish at an international competition; it is about giving Indian flavours a voice on a global platform and demonstrating that our culinary heritage has a place in conversations shaping the future of world gastronomy."

As the countdown to the championship begins, all eyes will be on Valladolid as Chef Aanal prepares to take on the international challenge. Her participation marks an exciting chapter in her culinary journey, with the opportunity to make a lasting impression on one of the world's most prominent culinary competitions. 

Gold's Long-Term Story Remains Strong: Motilal Oswal Financial Services Precious Metals Report

* Maintains Positive Outlook on Precious Metals; Sees Gold at $4,500–$4,700 in the Medium Term

Gold and silver markets have witnessed significant volatility in 2026 following an exceptional rally in the previous year, with global macroeconomic developments, shifting US monetary policy expectations and geopolitical uncertainties influencing price movements. According to the latest Precious Metals Quarterly report by Motilal Oswal Financial Services Ltd. (MOFSL), the long-term outlook for precious metals remains constructive despite near-term headwinds, with price corrections offering potential accumulation opportunities.

Titled 'Gold's Rally: Deferred, Not Derailed', the report highlights the contrasting price movements witnessed in precious metals during the year. Gold surged to a record level of nearly $5,600 per ounce in January 2026 before correcting below $4,000 and subsequently recovering. Silver, meanwhile, rallied beyond $100 per ounce before witnessing an even sharper correction. These movements were also reflected in domestic markets, with fluctuations in the USD/INR exchange rate adding to price volatility.

Unlike the largely one-directional rally witnessed in 2025, precious metals have experienced sharper swings in 2026, driven by changing expectations around US interest rates, persistent inflation, elevated bond yields and geopolitical developments.

Diwali and Dhanteras remain among India's most important occasions for precious-metal purchases, supported by traditional buying patterns, the wedding season and the cultural significance of gold and silver. However, historical trends indicate that festive demand has a stronger correlation with domestic premiums, imports and physical buying volumes than with international price movements.

Over the longer term, domestic Diwali gold prices have increased from approximately ₹30,000 in 2016 to nearly ₹1.50 lakh in 2026, reflecting the significant appreciation in gold prices over the past decade. Historical performance also indicates that gold has generally delivered stronger returns during the 30 days preceding Diwali compared with the subsequent 30 days. This trend was particularly pronounced in 2025, when gold gained nearly 20% and silver approximately 38% in the month leading up to the festival.

Despite elevated prices, investment demand has remained relatively resilient. Global gold ETF holdings increased by approximately 187 tonnes during August and September 2026, taking total holdings to a record 4,256 tonnes, while third-quarter inflows reached a record US$31 billion. In India, gold ETF inflows increased 71% month-on-month to ₹44.5 billion in September 2026, while silver ETFs attracted inflows of ₹19.7 billion. Meanwhile, Indian gold imports moderated to US$1.8 billion in September from US$2.3 billion in August, reflecting the impact of higher prices and measures to restrain bullion inflows.

Commenting on the factors influencing precious metals, Navneet Damani, Head of Research – Commodities, Motilal Oswal Financial Services Ltd., said:

"Gold continues to retain its importance as a defensive asset amid global economic and geopolitical uncertainties. However, its near-term trajectory will remain sensitive to the US Federal Reserve's monetary policy, inflation trends, movements in the US dollar and real bond yields. The 25-basis-point rate hike by the US Federal Reserve in September, taking the policy rate to 3.75%–4.00%, has reinforced concerns around tighter monetary conditions. At the same time, central-bank diversification, sustained investment demand and fiscal uncertainties continue to provide structural support to gold. In India, elevated prices have moderated discretionary jewellery demand, although wedding-related purchases and investment demand have remained relatively resilient."

Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd., added:

“Gold and silver are navigating a more complex market environment in 2026, with the interplay between safe-haven demand and macroeconomic headwinds driving heightened volatility. While elevated US Treasury yields and a stronger dollar have weighed on prices, underlying investment demand remains encouraging. Global gold ETF holdings have risen to record levels, with significant inflows during the third quarter, indicating that investor interest in gold remains resilient despite recent price corrections. Silver, on the other hand, offers greater upside potential but is accompanied by significantly higher price volatility."

Looking ahead, the direction of US real yields is expected to remain a key determinant of gold prices. While elevated yields and a stronger dollar could trigger near-term profit-taking and volatility, persistent inflation, fiscal concerns, geopolitical uncertainty and central-bank diversification could provide support to precious metals over the medium to long term.

Commenting on the outlook, Navneet Damani, Head of Research – Commodities and Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd jointly said:

"While near-term volatility cannot be ruled out, we believe the long-term investment case for precious metals remains intact. The next turning point for gold could emerge when real yields stop rising, particularly if persistent inflation, fiscal concerns or slowing economic growth begin to alter the monetary policy outlook. We continue to maintain a buy-on-dips approach towards gold, with an accumulation zone of $3,800–$3,900 per ounce, a short-term target of $4,200 and a medium-term target of $4,500–$4,700. In the domestic market, assuming USD/INR at 96, we see ₹1,35,000 as a favourable accumulation zone, with a short-term target of ₹1,48,000 and a medium-term target of ₹1,60,000–₹1,68,000. Silver offers greater upside leverage, but investors should remain mindful of its significantly higher volatility. Overall, rather than chasing price momentum, we believe investors should focus on disciplined accumulation during corrections, keeping in mind the role of precious metals in wealth preservation and portfolio diversification."

Against this backdrop, gold continues to maintain its appeal as a relatively defensive asset, while silver offers greater upside potential but carries a higher degree of volatility. As global macroeconomic conditions, monetary policy expectations and geopolitical developments continue to shape the precious metals market, investors may consider a disciplined accumulation strategy during price corrections rather than chasing short-term momentum.

About Motilal Oswal Financial Services Ltd.

Motilal Oswal Financial Services Limited (MOFSL) is the largest integrated capital market player in India, with strong and rising rankings across its businesses, each of which still offers a long growth runway. Rising wealth, to over USD 100 Tn, and the financialisation of savings are powerful tailwinds, and MOFSL is widening its presence by entering promising adjacencies in each of its businesses.

Student Satellite And Rocket Launches Rise Sharply At IN-SPACE National Competitions In Kushinagar

* 76 teams launch 43 CanSats and 18 model rockets, up from 24 and 13 last year; Dr. M.G.R. Educational and Research Institute wins CAN-7USAT India Student Competition, while Nirma University tops model rocketry

Student teams from across India launched 43 CanSats and 18 model rockets at the IN-SPACe national student space competitions, which concluded today in Kushinagar.

The four-day event, held from 31 October to 3 November 2026, hosted the 3rd CAN-7USAT India Student Competition and the 2nd National Model Rocketry India Student Competition, also know as IN-SPACe Narayani Rocketry Cup 2026. 76 teams designed, built and tested their own hardware, which was evaluated by expert committees drawn from the Indian Space Research Organisation (ISRO), the Defence Research and Development Organisation (DRDO), IN-SPACe, industry and academia.

Holding the competitions in Kushinagar took national-level space engineering to a largely rural district in eastern Uttar Pradesh.

Speaking at the event Shri Shashank Mani Tripathi said, “Technology must ultimately serve the common people. Competitions in rural regions give students an opportunity to understand real-world challenges while bringing scientific innovation closer to communities. We aspire to establish a permanent space experimentation centre in the region, enabling young people to participate in rocketry and other scientific activities throughout the year. India’s youth must translate their knowledge into innovation, entrepreneurship and nation-building.”

Dr. Pawan Goenka, Chairman, IN-SPACe, said, “Every CanSat and rocket that flew this week was designed, built and tested by students, and that hands-on experience is exactly what India’s space industry needs from its next generation of engineers. As private companies take on a larger role in India’s space programme, the demand for people who have built and flown real hardware will only grow. Holding these competitions in Kushinagar also shows that talent for the space sector exists well beyond our metros, and IN-SPACe will keep creating opportunities for it to be discovered.”

The student-built CanSats are the size of a 7U satellite bus, allowing teams to accommodate maximum payloads as well as Guidance, Navigation and Control (GNC) systems. The CanSats carried sensors to record parameters such as temperature and atmospheric pressure during flight. Some teams added cameras to capture images and video of the terrain and designated landing zones, and tested applications such as vegetation monitoring.

In the Model Rocketry competition, 18 student-built rockets were launched. Teams were judged on the design, development and testing of their rockets, with an emphasis on innovation, precision and system performance.

Dr. Vinod Kumar, Director, Promotion Directorate, IN-SPACe, said, “The dedication and year-long efforts of the students have resulted in a successful edition, with 43 CanSat launches and 18 model rocket flights, surpassing last year’s figures of 24 CanSats and 13 rockets. These competitions provide valuable opportunities for students to test their capabilities, learn through practical experience and contribute to India’s growing space ecosystem.”

Dr. M.G.R. Educational and Research Institute, Chennai, won the 3rd CAN-7USAT India Student Competition, with C.V. Raman Global University, Bhubaneswar, placing second and BMS College of Engineering, Bengaluru, third. Central University, Jammu, received the Best Team Award and BITS Pilani – Hyderabad Campus the Best Design Award.

In the 2nd National Model Rocketry India Student Competition, the IN-SPACe Narayani Rocketry Cup 2026, Nirma University, Ahmedabad, took first place, followed by Karunya Institute of Technology and Sciences, Coimbatore, and Delhi Technological University, Delhi. Dwarkadas J. Sanghvi College of Engineering, Mumbai, won the Best Team Award and Pimpri Chinchwad College of Engineering, Pune, the Best Design Award.

The first-placed teams in both competitions each received a cash prize of ₹10,000, supported by EV Society Bengaluru, with iTelematics Software Private Limited as industry partner. 

CE Info Systems - Map-Led Business Recovering, H2 Appears Better Than H1; Maintain BUY

CE Info Systems (MapMyIndia) revenue grew by ~15.8% y/y in Q2FY27 to ~Rs1.3bn (in line with our estimate and ~4% lower than street estimates. Map-led business grew by 22.3% y/y to ~Rs767mn (~58.2% of revenue) with ~41.6% margin (vs. ~35.4% in Q2FY26). IoT-led business grew ~7.83% y/y to ~Rs551m (~41.8% of revenue) with ~23.8% margin (vs. ~11.5% in Q2FY26). EBITDA grew 60% y/y to ~Rs450mn with EBITDA margin expanding by ~943 bps y/y to ~34.1% vs. ~24.7% in Q2FY26 (broadly in line with street estimates), due to higher contribution from Automotive and Enterprise. The management expects better H2, due to low YoY base and strong order execution, keeping the margin guidance at >35% for FY27e (vs. ~37.2% margin in H1). Broadly, maintaining our estimates, we reiterate BUY rating on the stock with an unrevised TP of Rs1,500, valuing it at 40x FY28e earnings.

Segmental Performance: Automotive segment grew ~52% to ~Rs 13m (~54.1% of revenue), driven by momentum across both Map-led and IoT-led mobility solutions. Enterprise segment grew ~44.1% to ~Rs330mn (~25% of revenue), supported by multiple wins and go-lives across sub-verticals. Government segment declined by ~37.5% to ~Rs275mn (~20.9% of revenue) due to one-off revenue win last year. Cash & Equivalent stood at ~Rs7.3mn as of Q2FY27 vs. (Rs7.45bn in Q1FY27 and Rs6.85bn in FY26). FCF stood at ~Rs497.8mn in H1FY27 vs. Rs277.1mn in H1FY26.

IoT Biz Growing Strong with Margin Expansion: In FY26, IoT business grew by ~34.7% y/y to ~Rs1.59bn, led by ~66% y/y growth in SaaS revenue, whereas hardware sales fell by ~2% y/y with margin improving to ~16% in FY26 from 14.3% in FY25. In H1FY27, IoT business grew by ~29.1% y/y, led by ~2.7x y/y growth in hardware business, primarily reflecting capex-based sale as part of a line-fit programme with a new OEM entrant. SaaS revenue declined by ~26% y/y due to transition of a large government IoT project, which had generated upfront technical services revenue to a recurring subscription model. EBITDA margin also improved to ~19.2% from 10.6% in H1FY26, due to better margin solutions across hardware and SaaS.

Strong Order Book Provides Revenue Visibility: The company ended FY26 with a record open order book of ~Rs17.5bn (up ~17% y/y), and a healthy order pipeline. The primary challenge now is execution and revenue conversion rather than generating new business. The mix of fixed-price contracts (~64.9% of total order book) continues to rise, improving revenue visibility and reducing dependence on customer production volume, which should result in more earnings predictability over the long-term.

Outlook and Valuation: As strong open order book provides revenue visibility for forward years, we expect the company’s revenue to clock ~21.1% CAGR over FY26-28e, with ~23.5/22% CAGR in EBITDA/PAT over the same period. We maintain BUY rating on the stock with an unrevised TP of Rs1,500, valuing it at 40x FY28e earnings.

Key Risks: (a) Pricing pressure from large global mappers; (b) non-renewal of OEM contracts; and (c) slower execution.

Gold's Rally Takes A Pause, But The Long-Term Story Remains Strong: Motilal Oswal Financial Services Precious Metals Report

* Maintains Positive Outlook on Precious Metals; Sees Gold at 4,500–4,700 in the Medium Term

Gold and silver markets have witnessed significant volatility in 2026 following an exceptional rally in the previous year, with global macroeconomic developments, shifting US monetary policy expectations and geopolitical uncertainties influencing price movements. According to the latest Precious Metals Quarterly report by Motilal Oswal Financial Services Ltd. (MOFSL), the long-term outlook for precious metals remains constructive despite near-term headwinds, with price corrections offering potential accumulation opportunities.

Titled 'Gold's Rally: Deferred, Not Derailed', the report highlights the contrasting price movements witnessed in precious metals during the year. Gold surged to a record level of nearly $5,600 per ounce in January 2026 before correcting below $4,000 and subsequently recovering. Silver, meanwhile, rallied beyond $100 per ounce before witnessing an even sharper correction. These movements were also reflected in domestic markets, with fluctuations in the USD/INR exchange rate adding to price volatility.

Unlike the largely one-directional rally witnessed in 2025, precious metals have experienced sharper swings in 2026, driven by changing expectations around US interest rates, persistent inflation, elevated bond yields and geopolitical developments.

Diwali and Dhanteras remain among India's most important occasions for precious-metal purchases, supported by traditional buying patterns, the wedding season and the cultural significance of gold and silver. However, historical trends indicate that festive demand has a stronger correlation with domestic premiums, imports and physical buying volumes than with international price movements.

Over the longer term, domestic Diwali gold prices have increased from approximately ₹30,000 in 2016 to nearly ₹1.50 lakh in 2026, reflecting the significant appreciation in gold prices over the past decade. Historical performance also indicates that gold has generally delivered stronger returns during the 30 days preceding Diwali compared with the subsequent 30 days. This trend was particularly pronounced in 2025, when gold gained nearly 20% and silver approximately 38% in the month leading up to the festival.

Despite elevated prices, investment demand has remained relatively resilient. Global gold ETF holdings increased by approximately 187 tonnes during August and September 2026, taking total holdings to a record 4,256 tonnes, while third-quarter inflows reached a record US31billion.InIndia,goldETFinflowsincreased71%month-on-monthto₹44.5billioninSeptember2026,whilesilverETFsattractedinflowsof₹19.7billion.Meanwhile,IndiangoldimportsmoderatedtoUS1.8 billion in September from US$2.3 billion in August, reflecting the impact of higher prices and measures to restrain bullion inflows.

Commenting on the factors influencing precious metals, Navneet Damani, Head of Research – Commodities, Motilal Oswal Financial Services Ltd., said:

"Gold continues to retain its importance as a defensive asset amid global economic and geopolitical uncertainties. However, its near-term trajectory will remain sensitive to the US Federal Reserve's monetary policy, inflation trends, movements in the US dollar and real bond yields. The 25-basis-point rate hike by the US Federal Reserve in September, taking the policy rate to 3.75%–4.00%, has reinforced concerns around tighter monetary conditions. At the same time, central-bank diversification, sustained investment demand and fiscal uncertainties continue to provide structural support to gold. In India, elevated prices have moderated discretionary jewellery demand, although wedding-related purchases and investment demand have remained relatively resilient."

Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd., added:

“Gold and silver are navigating a more complex market environment in 2026, with the interplay between safe-haven demand and macroeconomic headwinds driving heightened volatility. While elevated US Treasury yields and a stronger dollar have weighed on prices, underlying investment demand remains encouraging. Global gold ETF holdings have risen to record levels, with significant inflows during the third quarter, indicating that investor interest in gold remains resilient despite recent price corrections. Silver, on the other hand, offers greater upside potential but is accompanied by significantly higher price volatility."

Looking ahead, the direction of US real yields is expected to remain a key determinant of gold prices. While elevated yields and a stronger dollar could trigger near-term profit-taking and volatility, persistent inflation, fiscal concerns, geopolitical uncertainty and central-bank diversification could provide support to precious metals over the medium to long term.

Commenting on the outlook, Navneet Damani, Head of Research – Commodities and Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd jointly said:

"While near-term volatility cannot be ruled out, we believe the long-term investment case for precious metals remains intact. The next turning point for gold could emerge when real yields stop rising, particularly if persistent inflation, fiscal concerns or slowing economic growth begin to alter the monetary policy outlook. We continue to maintain a buy-on-dips approach towards gold, with an accumulation zone of 3,800–3,900 per ounce, a short-term target of $4,200 and a medium-term target of 4,500–4,700. In the domestic market, assuming USD/INR at 96, we see ₹1,35,000 as a favourable accumulation zone, with a short-term target of ₹1,48,000 and a medium-term target of ₹1,60,000–₹1,68,000. Silver offers greater upside leverage, but investors should remain mindful of its significantly higher volatility. Overall, rather than chasing price momentum, we believe investors should focus on disciplined accumulation during corrections, keeping in mind the role of precious metals in wealth preservation and portfolio diversification."

Against this backdrop, gold continues to maintain its appeal as a relatively defensive asset, while silver offers greater upside potential but carries a higher degree of volatility. As global macroeconomic conditions, monetary policy expectations and geopolitical developments continue to shape the precious metals market, investors may consider a disciplined accumulation strategy during price corrections rather than chasing short-term momentum.

About Motilal Oswal Financial Services Ltd.

Motilal Oswal Financial Services Limited (MOFSL) is the largest integrated capital market player in India, with strong and rising rankings across its businesses, each of which still offers a long growth runway. Rising wealth, to over USD 100 Tn, and the financialisation of savings are powerful tailwinds, and MOFSL is widening its presence by entering promising adjacencies in each of its businesses.

Aditya Birla Capital Q2 FY27 Results : Strong Earnings Growth With Robust Asset Quality

Q2 FY27 RESULTS

Strong Earnings Growth with Robust Asset Quality

Consolidated Profit after Tax: 1,288 crore (↑ 38% y-o-y)

Consolidated Revenue1: 16,545 crore (↑ 31% y-o-y)

Total lending AUM: 2,33,930 crore (↑ 32% y-o-y, ↑ 7% q-o-q)

Mutual fund quarterly average AUM: 4,41,787 crore (↑ 4% y-o-y)

Life insurance individual first year premium: 2,342 crore in H1 FY27 (↑ 25% y-o-y)

Health insurance gross written premium: 4,543 crore in H1 FY27 (↑ 48% y-o-y)

Aditya Birla Capital Limited (“The Company”) announced its financial results for the quarter and half year ended September 30, 2026.

The consolidated revenue1 grew by 31% year-on-year to ₹ 16,545 crore in Q2 FY27. The consolidated profit after tax grew by 38% year-on-year to ₹ 1,288 crore in Q2 FY27. The overall lending AUM (NBFC and HFC) grew by 32% year-on-year and 7% sequentially to ₹ 2,33,930 crore as on September 30, 2026. The total AUM (AMC, life insurance and health insurance) increased 2.2 times year-on-year to ₹ 12,33,619 crore as on September 30, 2026. The life insurance individual first year premium grew by 25% year-on-year to ₹ 2,342 crore in H1 FY27 and health insurance gross written premium grew by 48% year-on-year to ₹ 4,543 crore in H1 FY27.

Key Business Highlights:

NBFC Business – Q2 FY27

Disbursements grew by 12% year-on-year and 17% sequentially to ₹ 24,708 crore

AUM grew by 26% year-on-year and 5% sequentially to ₹ 1,76,557 crore

Profit before tax grew by 41% year-on-year and 11% sequentially to ₹ 1,352 crore

Return on assets increased by 25 bps year-on-year and 6 bps sequentially to 2.45%

Gross stage 2 and 3 ratio improved by 72 bps year-on-year and 12 bps sequentially to 2.31%

Housing Finance – Q2 FY27

Disbursements grew by 55% year-on-year and 19% sequentially to ₹ 8,957 crore

AUM grew by 50% year-on-year and 11% sequentially to ₹ 57,373 crore

Profit before tax grew by 73% year-on-year and 12% sequentially to ₹ 335 crore

Return on assets stood at 2.12%

Gross stage 2 and 3 ratio improved by 45 bps year-on-year and 13 bps sequentially to 0.65%

AMC Business – Q2 FY27

Mutual fund quarterly average assets under management grew by 4% year-on year to

4,41,787 crore

Equity QAAUM grew by 9% year-on-year to ₹ 2,09,230 crore

Individual monthly average assets under management grew by 5% year-on-year to 2,17,740 crore

Profit after tax stood at ₹ 221 crore

Life Insurance Business – H1 FY27

Individual First Year Premium (FYP) grew by 25% year-on-year to ₹ 2,342 crore

Group new business premium increased by 90% year-on-year to ₹ 4,232 crore

Renewal premium grew by 20% year-on-year to ₹ 5,578 crore

Net value of new business (VNB) margin increased by 447 bps year-on-year to 16.1%

Absolute net VNB grew by 78% year-on-year to ₹ 424 crore

Health Insurance Business – H1 FY27

Gross written premium grew by 48% year-on-year to 4,543 crore

Standalone health insurer market share increased by 70 bps year-on-year to 14.2%

Combined ratio stood at 107%

The Company continues to strengthen its digital platforms to enable seamless customer onboarding and service delivery. The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 26 products and services such as payments, loans, insurance, and investments. The platform has witnessed a strong response with about 1.3 crore customer acquisitions as of September 30, 2026.

The comprehensive B2B platform for the MSME ecosystem, Udyog Plus, offers seamless, paperless digital journey for business loans, supply chain financing and a host of other value-added services. It has scaled up significantly with over 24 lakh registrations and reached an AUM of ₹ 7,262 crore as of September 30, 2026.

The Company also continues to expand its physical footprint with a pan-India presence of 1,822 branches across all businesses as of September 30, 2026. The branch expansion is targeted at driving penetration into tier 3 and tier 4 towns and new customer segments.

About Aditya Birla Capital Limited

Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by about 67,300 employees, the businesses of ABCL have a nationwide reach with 1,822 branches and more than 200,000 agents/channel partners along with several bank partners.

Aditya Birla Capital Limited is a part of the US$ 72 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500 and has a consolidated market cap of over US $118 billion. Anchored by an extraordinary force of over 227,500 employees, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals to cement, fashion to financial services and textiles to trading. Today, over 42% of the Group revenues flow from overseas operations that span 41 countries across six continents with over 600 state-of-the-art manufacturing units. For more information, visit www.adityabirlacapital.com

Disclaimer: Certain statements in this “Media Release” may not be based on historical information or facts and may be “forward looking statements” within the meaning of applicable securities laws and regulations, including, but not limited to, those relating to general business plans & strategy of the Company, its future outlook & growth prospects, future developments in its businesses, its competitive & regulatory environment and management's current views & assumptions which may not remain constant due to risks and uncertainties. Actual results could differ materially from those expressed or implied. The Company assumes no responsibility to publicly amend, modify or revise any statement, on the basis of any subsequent development, information or events, or otherwise. This “Press Release” does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Company’s shares. The financial figures in this “Press Release” have been rounded off to the nearest Rs. one Crore. The financial results are consolidated financials unless otherwise specified. 

95% Of Indian Employees Say Breaks Improve Productivity, Yet Fewer Are Taking Them: Compass Group India Study

As organisations focus on productivity, performance and employee experience, new research from Compass Group India suggests one of the most effective enablers of workplace performance may be increasingly overlooked: the workday break.

According to Compass Group India's latest Global Eating at Work (GEAW) study, 95% of Indian employees report feeling more productive after taking a break, yet 63% believe breaks remain undervalued within their organisation. The findings point to a growing disconnect between what employees know supports performance and what workplace cultures actively enable.

The study indicates that while awareness around wellbeing is increasing, opportunities to pause, recharge and disconnect during the workday are becoming less common. Employees taking regular breaks three to five times a week have declined from 46% in 2023 to 38% in 2025, while nearly a quarter of employees admit they rarely take a meaningful break during the day.

Productivity Is No Longer Just About Hours Worked

The findings come at a time when organisations across India are reassessing productivity, workforce engagement and employee wellbeing. While technology and flexible work models continue to reshape how work gets done, employees increasingly view breaks, nutrition, movement and social connection as critical contributors to performance.

Compass Group India's research found that 76% of employees prefer multiple shorter breaks over a single long break, reflecting the rise of more dynamic, fast-paced working patterns. However, 45% say they only take breaks when circumstances allow, suggesting that workload pressures continue to influence everyday wellbeing behaviours.

The research also highlights an important public health and workplace risk. Nearly one in four employees continues to eat lunch at their desk, while longer breaks are becoming increasingly rare. The trend raises broader questions about employee recovery, workplace stress and burnout prevention in modern organisations.

Indian Employees Are Looking Beyond Pay to Everyday Wellbeing

The study suggests employee expectations are evolving beyond traditional compensation and benefits. Today's workforce increasingly expects employers to support healthier lifestyles through workplace design, dining experiences, movement opportunities and social spaces.

More than 90% of employees say they are actively changing what they eat and drink to improve their long-term health, while 90% want healthier food choices available in the workplace. Nutrition, physical activity and quality sleep emerged as the three most important drivers of long-term wellbeing among Indian employees.

At the same time, India remains one of the world's most sleep-deprived populations, with 39% of employees reporting fewer than six hours of sleep per night, underscoring the growing importance of workplace strategies that support holistic wellbeing.

Food Is Emerging as a Strategic Lever for Employee Experience

The research highlights the growing role of workplace dining in fostering connection, collaboration and wellbeing.

India now significantly outperforms global averages in workplace dining infrastructure, with 51% of employees having access to on-site dining facilities compared with a global average of 29%. In addition, 93% of Indian employees report sharing meals with colleagues at least a few times each month, reinforcing the continued importance of food in building culture and workplace relationships.

Employees are also seeking more personalised and experiential dining environments. Nearly 87% want workplace restaurants to reflect the experience and ambience of modern high-street dining destinations, while growing demand for regional cuisines, healthy snacking and digital ordering solutions is transforming expectations of workplace food services.

Rahul Shinde, Managing Director, Compass Group India, said: "The future of workplace performance is closely linked to everyday employee experiences. Our research shows that people clearly understand the value of taking breaks, eating well and having opportunities to connect during the workday, yet many struggle to prioritise them amid growing workloads. For employers, this is no longer simply a wellbeing conversation. It is increasingly a productivity, engagement and talent-retention imperative. Organisations that design workplaces around human performance, not just operational efficiency, will be better positioned to build resilient and high-performing teams."

Manika Awasthi, Chief People and Safety Officer, Compass Group India, added: "Employee experience is shaped by the small choices people make every day. Whether employees feel comfortable taking a break, stepping away for lunch, moving during the day or connecting with colleagues has a direct impact on engagement and wellbeing. "The organisations that will lead the future of work are those that make healthy behaviours a natural part of how work gets done, creating workplaces where people can thrive and perform at their best.”

As India navigates changing workforce expectations, hybrid work patterns and increasing focus on employee wellbeing, the findings suggest that productivity and wellbeing are becoming increasingly interconnected. For employers, supporting healthier habits through workplace culture, food, spaces and experiences may represent one of the most accessible opportunities to improve workforce performance, engagement and long-term organisational resilience.

Additional media headlines that journalists could independently lift:

95% of Indian employees say breaks improve productivity, but 63% say workplace cultures still undervalue them.

One in five Indian employees spends less than 15 minutes on their main workday break.

90% of Indian employees want healthier workplace food options.

39% of Indian employees sleep less than six hours a night.

India's workforce is shifting towards healthier snacks, regional cuisines and micro-breaks.

Workplace dining emerging as a strategic employee experience differentiator in India.

Amara Raja Energy & Mobility - Soft Show; Upgrade To BUY On BESS Prospects And Attractive Valuation

Amara Raja Energy & Mobility reported a soft operating performance in Q2FY27. Missing our estimate, the company’s standalone EBITDA declined 5% y/y to Rs3.86bn, mainly due to lower-than-expected revenue and higher other expenses (spending on Amaron Assist/Factory of Future initiatives; 100bps). As the outlook for automotive and industrial demand continues to remain bright in lead acid batteries, we believe the company will gain market share further, going forward. Despite near-term challenges in the form of higher alloys, Sulphur and plastic input cost, the company’s margin is expected to expand in the medium-term led by new tubular batteries, recycling plant and cost pass-throughs. It also plans to set up a lithium-ion cell manufacturing plant (NMC 2GWh), which is expected to commence operations from H1FY28e. Further, 10GWh BESS solutions plant will commercialize operation from FY27 end and visibility of 50% utilisation (out of 5GWh) within 6-7 months of plant commercial production. We expect revenue potential of up to Rs45bn by FY30e (SOP from Q4FY27). BESS can be notable opportunity considering boom in renewables and strategic lever for cell capacity. Introducing our estimate for FY29e, we expect a revenue/EBITDA/PAT growth of 9/11/12%. At CMP, the stock seems to be reasonably valued at 13/12x on FY28/29e, close to -1std. Hence, we upgrade our rating to BUY with lower TP of Rs990 (from Rs1,080 earlier), valuing the parent entity at 11x Sep-28e EPS (vs. 12x Mar-28e EPS previously), ARACT NPV (new lithium energy unit) at Rs222 and BESS at Rs155.

In-line Performance: Revenue grew by 13% y/y to Rs38.4bn vs. our estimate of Rs41.8bn. EBITDA fell 5% YoY to Rs3.86bn vs. our estimate of Rs4.87bn, mainly due to lower-than-expected revenue and higher other expenses. EBITDA margin contracted by 190bps YoY to 10.1% vs. our estimate of 11.6%. Other expenses grew 10% YoY and 2% QoQ to Rs5.31bn. Accordingly, APAT grew 4% YoY to Rs1.88bn vs. our estimate of Rs2.66bn, mainly due to lower operating profit. New energy revenue grew 37% YoY to Rs2.3bn. It incurred Rs416mn EBIT loss in Q2FY27 vs. Rs487mn EBIT loss in Q2FY26. Its board has approved an LFP prismatic cell gigafactory (~5GWh) plus pack assembly with ~Rs23.2bn capex and to be completed within 30 months. It will serve stationary applications first, then mobility.

Outlook and Valuation: We trim our EPS estimate by 8-13% for FY27/28e, due to higher input/interest cost and lower other income. We upgrade our rating on the stock to BUY with lower TP of Rs990 (from Rs1,080 earlier), valuing the parent entity at 11x Sep-28e EPS (vs. 12x Mar-28e previously), ARACT NPV at Rs222 (from Rs210 earlier) and BESS at Rs155 (vs. Rs146 earlier). Increase in TP for ARACT and BESS is attributable to rolling over our valuation to Sep-28. Expecting ARACT’s revenue/PAT at Rs43.2/2.16bn by FY31e, we assign 25x multiple on discounted PAT. Further, we expect BESS revenue/PAT at Rs44.8/1.34bn by FY30e, we assign 25x valuation multiple on discounted PAT.

Key Risks: (a) Weaker growth in lead batteries; (b) lower orders for lithium-ion cell/BESS plant; and (c) adverse commodity prices.