Thursday, October 22, 2026
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L&T Infotech collaborates with eClinicalHealth

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Larsen & Toubro Infotech Ltd (LTI) and eClinicalHealth Ltd have signed a strategic partnership to drive digital innovation in the R&D Clinical Trials Management process for patient-centric drug development. By establishing new clinical research benchmarks, the alliance is expected to assist clients in decentralizing clinical trials.

The partnership is significant because an estimated 86% of clinical studies are delayed owing to patient engagement difficulties, mainly recruiting and retaining participants, which is a time-consuming and expensive procedure, according to LTI.

To solve this issue, eClinicalHealth recently launched Clinpal, a cloud-based patient-centric software-as-a-service (SaaS) solution that boosts patient participation throughout the clinical trial process.

LTI will accelerate collaborative go-to-market efforts and faster deployment for Clinpal adopters as part of this agreement. The solution will employ exponential technologies like analytics and artificial intelligence (AI) to improve patient engagement and speed up clinical research.

“Our endeavour with eClinicalHealth partnership is to accelerate and streamline the enablement of decentralized trials, to reduce patient burden and drive acceleration of clinical trials. With this partnership we aim to accelerate the development and deployment of eClinicalHealth’s Clinpal platform in clinical trials for the industry,” said Archana Ramanakumar, global delivery head – Life Sciences, Media, Consumer & Technology, LTI.

Adani Wilmar opens Fortune Mart stores

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Adani Wilmar, which sells edible oils and other foods under the Fortune brand, announced on Monday that it has launched 12 franchised stores in six states and wants to add more around the country.

“Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products,” the company said in a statement.

In Jaipur, Jodhpur, Lalitpur, Gandhinagar, Surat, Gandhidham, Jabalpur, Vidisha, Gwalior, Kharghar, Akola, and Haldia, Adani Wilmar has opened 12 Fortune Mart outlets. Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Maharashtra, and West Bengal are included.

According to the firm, Fortune Mart outlets will also open in the north and east of India in the next quarter.

“Fortune has become a household name and the most popular and preferred food brand in the country. The rollout of Fortune Mart stores aims to leverage the brand equity Fortune has established over the last two decades,” said Angshu Mallick, MD, and CEO, Adani Wilmar.

The Fortune Mart outlets will complement the company’s extensive retail presence, he added. 

“We aim to have a presence across the metros as well as tier I and II cities in the coming months,” Mallick said.

In addition to Fortune, the corporation sells food under different brands like King’s, Aadhar, Raag, Alife, and Wilshort.

Ford to create 10,800 jobs

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Ford and a partner business say they aim to build three big electric-vehicle battery plants and an auto assembly plant by 2025, a significant investment in the future of EV technology that will create 10,800 jobs and move Ford’s future manufacturing footprint to the South.

The plants, which will be built in Kentucky and Tennessee, will manufacture batteries for Ford and Lincoln’s next generation of electric vehicles manufactured in North America. They represent the 118-year-old company’s single largest industrial investment and are among the world’s largest factory investments.

Notably, the new factories will provide a large number of new employment with good compensation. The majority of the new jobs will be full-time, with only a small percentage being temporary to cover vacations and absent workers.

Ford says it would invest $5.6 billion in rural Stanton, Tennessee, with its battery partner, S.K. Innovation of South Korea, to establish a factory to produce electric F-Series pickups. BlueOvalSK, a joint venture, will build a battery facility near Memphis and twin battery factories in Glendale, Kentucky, near Louisville. Ford estimated Kentucky’s investment at $5.8 billion, with a $7 billion share overall.

Ford is investing heavily in a future in which most drivers switch to battery power from internal combustion engines, which have powered vehicles in the U.S. for more than a century.

The risk might affect the company’s financial line if the shift is disrupted or delayed. By 2030, Ford expects 40% to 50% of its U.S. sales to be electric. Only around 1% of automobiles on American roadways are currently powered by electricity.

Invesco in discussion to invest in Swiggy

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Swiggy is nearing the completion of a fresh fundraising round of $500-600 million, headed by US asset management Invesco, according to three sources familiar with the matter. The process is expected to boost the online food delivery company’s worth to as much as $10 billion, more than doubling the estimate given to the seven-year-old business just a few months ago. Swiggy will go public later this year after edtech startup Byju’s and finance behemoth Paytm and will rank among India’s most valuable privately held firms if the acquisition closes.

Swiggy’s fresh funding comes soon after arch-rival Zomato’s successful IPO and is being viewed as a re-rating exercise for the Bengaluru firm, currently valued at $5.5 billion.

According to the sources cited above, Invesco is expected to invest $150-200 million. The rest of the capital comes from existing Swiggy investors such as Falcon Edge, SoftBank Vision Fund, and Prosus (previously Naspers).

Other balanced funds (which invest in both public and private markets), such as Fidelity, T Rowe Price, and Ballie Gifford, have been banking on huge Indian internet startups, especially in the last year, as a slew of local ventures have lined up to tap the capital markets.

“As a direct competitor to Zomato NSE 5.16 % and being neck-and-neck in terms of market share, Swiggy is looking undervalued,” said another source. 

Zomato’s stock closed at Rs 143.55 on Monday, up around 5% on the BSE, with a market capitalization of around $15.16 billion (Rs 1.12 lakh crore).

Until press time Monday, emails were sent to Swiggy CEO Sriharsha Majety, and an Invesco spokesperson had not responded.

“We are going to go aggressive not just on discounting but also on our own investments in non-food and food. That was the plan, and that will be the plan,” Majety said.

IndusInd Bank associates with Vistara

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IndusInd Bank, a private lender, announced on Monday that it would introduce a co-branded credit card with full-service airline Vistara.

According to a statement from the bank, the Club Vistara IndusInd Bank Explorer credit card is designed to meet the needs of customers who prefer to be on the go.

“It provides the cardholder with a complimentary gold class membership to Club Vistara (CV), the frequent flyer programme of the airline under which, they can earn points on every flight. Cardholders can even redeem their earned CV points to avail award flights,” it said.

The card also comes with many other travel and lifestyle benefits, such as complimentary access to over 600 airport lounges worldwide, zero foreign currency mark-up, milestone rewards, and dining and entertainment-related rewards.

Soumitra Sen, head (consumer bank), IndusInd Bank, said, “With the world gradually opening up, Indians and especially millennials will look to travel for both business and pleasure. They seek a solution that offers them a combination of seamless consumer experience, best-in-class rewards, as well as world-class safety standards. This all-new card proposition fulfils each of those requirements, thereby providing customers with a hassle-free travel experience.”

According to Vistara’s chief commercial officer, Vinod Kannan, the airline hopes that passengers will see the Club Vistara IndusInd Bank Explorer Credit Card as a wonderful value and make use of its benefits while travelling.

Tupperware to start 1,000 retail stores

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Tupperware, a popular kitchenware brand, has devised aggressive expansion plans that include opening 1,000 retail outlets across the country over the next five years and boosting sales through a digital platform. Tupperware India Managing Director Deepak Chhabra recently announced the opening of the company’s 100th retail store in Chennai, with the Southern zone accounting for 35% of sales. “We are planning to open about 130 stores this year. We have inaugurated 100 stores, and as we speak, we should have opened two more, so 102 stores will be there right now. We intend to take it to 130 stores by the end of this year”, he told PTI.

He further said that the stores would be run on a “franchise” model and sell the brand’s most popular items.

“As an immediate expansion plan, we plan to open another 130 stores taking the overall number of stores in the country to over 250 by December next year (2022),” he said. “Over the next five years, our plan is to have 1,000 stores across the country, and major expansion would be in the South and West.”

In response to a query, he said that the South and West contributed 35% each to the company’s sales. The company’s business strategy included 80% direct selling, 12% retail, and 8% online mode.

“With the aggressive expansion plan, he said the current share of 80% contributed from the direct selling business would come down to 65% while business generated from retail stores would increase to 35% (from the existing 12%) and remaining from online (10%). In two-three years, about 65% of the business will be from direct selling, 35% from stores, and 10% through online”, he said.

Regarding the impact of the Covid-19 pandemic, Chhabra said that, like any other industry, the company experienced a surge in demand for its products because of the “work from home” trend.

“Pandemic has been a silver lining for us in terms of business because the consumption of these products was higher largely because everybody was at home and without any help from maids, people started cooking from home, and everybody was conscious about health and safety,” he noted.

He said the company has a world-class plant in Dehradun, Uttarakhand, that serves the domestic market and shipping to over 35 countries.

“The plant has an installed capacity, which is much more than what we sell in the country. We do export to many countries across the globe to our own Tupperware companies there. We actually export to about 35 countries”, the MD said.

Exports have remained stable, even increasing in the last two years. Tupperware has done well as a result of rising demand.

HDFC plans to expand its rural reach

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HDFC Bank, a private lender, plans to double its presence to two lakh villages in the next 18-24 months, covering a third of India’s villages. Currently, the bank serves a total of 1 lakh villages. The bank intends to expand its branch network and business correspondents, facilitators, and digital outreach platforms.

“India’s rural and semi-urban markets are under-served in credit extension,” said Rahul Shukla, Group Head – Commercial and Rural Banking, HDFC Bank. “They present sustainable long-term growth opportunities for the Indian banking system. Going forward, we dream of making ourselves accessible in every pin code.” 

HDFC Bank intends to hire 2,500 workers over the next six months as part of this business plan. The private lender now has over 550 districts where its products and services are available to micro and medium businesses. Its rural banking services are currently available in 1 lakh Indian villages, with plans to expand to 2 lakh by the end of the year.

“Our digital initiatives will play a big role in deepening our penetration in the remotest corners of India and help us extend credit to those who have remained financially excluded despite the progress of our nation,” Shukla added. 

In unbanked and under-banked areas, the bank already offers personalized loan products such as pre-and post-harvest crop loans, two-wheeler and vehicle loans, gold jewellery loans, and other customized loan products. It added that it will now tailor its services to the rapidly changing rural ecosystem.

“The Government of India through a variety of schemes is transforming rural economics. We believe in following the direction, as a responsible leader in the banking and financial services space, by making best-in-class banking products and services accessible to all sections of the society,” Shukla added. 

Kalpathi AGS Group-owned Veranda purchased Edureka

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Veranda Learning Solutions, part of the Kalpathi AGS Group, has acquired Edureka, a live-instructor-led learning and training platform for the IT industry, for Rs 245 crore. The price paid as consideration has not been revealed.

In a statement, Veranda said it plans to spend roughly $100 million on acquisitions over the next six months to “take advantage of the opportunities emerging in the edtech area.”

“Veranda is in active discussion with multiple targets for acquisition to create a multi-modal platform that spans test prep, upskilling and supplemental education. With the current acquisition we are poised to expand our footprint in Europe and the North American markets as well,” Kalpathi Suresh, executive chairman, Veranda Learning Solutions, said. 

Edureka is the company’s second buyout since its start in December 2020. Veranda has bought Chennai Race Coaching Institute, a banker’s, SSC, and PSC exam prep institution.

Edureka joins with top Indian institutes like IITs, NITs, and renowned international universities like Purdue to offer training in cloud computing, DevOps, AI/ML, data science, web development, cybersecurity and other emerging technologies in addition to its library of training resources.

It currently has over one lakh students enrolled who are instructed by a team of over 500 instructors who offer over 300 different courses.

Bharti Airtel collaborates with Tejas Networks

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On Thursday, Tejas Networks, a domestic telecom equipment manufacturer, announced that Bharti Airtel has chosen to expand the telecom operator’s optical network capacity in significant metropolitan markets. Tejas Networks’ stock jumped 5% to ₹415 per share on the BSE in early deals.

Tejas will supply, install, and support its optical transmission network (OTN) to expand Airtel’s optical network to the edge, supporting 5G backhaul, B2B services, and broadband applications.

“Airtel has been making significant investments in expanding its metro network capacity as part of its 5G readiness and for catering to increased bandwidth consumption by fixed-line and enterprise customers. We are delighted to partner with Tejas in this key network intervention that will enable us to deliver a world-class experience to our customers,” Bharti Airtel chief technology officer Randeep Sekhon said in the statement. In early trades, Bharti Airtel shares were trading with marginal gains.

“We are delighted to expand our decade-long partnership with Airtel, which has established itself as one of the premier telecom service providers in the world. Under this new contract, we will provide our multi-terabit TJ1600 DWDM/OTN products to augment Airtel’s metro network capacity right up the network edge,” Tejas Networks MD and CEO Sanjay Nayak said.

Tejas Networks is a high-performance networking company that designs, develops, and distributes solutions to telecommunications service providers, internet service providers, utilities, defence, and government institutions in more than 75 countries.

Novvy introduces buy-to-let in MWC Chennai

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UK-India PropTech startup Novvy.com, a global integrated real estate purchasing and investing platform, announced a strategic real estate investment product with India’s Mahindra World City in Chennai to offer “Buy-to-Let” assets for buyers in India and Indians overseas.

Novyy will fully manage a block of 100 apartments within the Mahindra World City complex on behalf of the buyers – similar apartments nearby presently fetch over 6% per year in rental yields.

Speaking on the launch of Mahindra World City’s “Buy-to-Let” segment, Founder and CEO of Novyy Technologies, Ashish Saraff, said, “We chose Mahindra World City as our first Buy-to-Let product in India for its price point and the natural rental market that the region offers. Over 65 corporates are employing over 80,000 people in the vicinity, and supply outpaces demand. In addition, rental yields in Indian metros are now capped at 3%, whereas rental returns in such regions are much higher”.

“Traditionally, we mostly don’t invest outside the city where we live. And investment properties have a binary rental outcome – 0 or 1. Novyy Buy-to-Let solves both these problems. Indians can now invest anywhere in India, never be on 0 rental earnings and remain stress-free. It’s just like investing in Mutual Funds without the volatility of stock markets – Invest, Sit Back and Relax.” he further added.

In Chengalpattu, Chennai, Mahindra World City is developed by Mahindra Lifespace Developers Ltd., the Mahindra Group’s real estate development wing worth $19.4 billion. The property is surrounded by vast green spaces, a tranquil view of the lake, and a refreshing breeze, making it ideal for families to live and relax.

Vimalendra Singh, Chief Sales Officer of Mahindra Lifespaces, said, “At Mahindra Lifespaces, we believe there is significant scope to reshape the value proposition in residential real estate in India. Novyy’s ‘Buy-To-Let’ proposition is strategically aligned to our ‘Mahindra Happinest’ offerings and could be beneficial for domestic and NRI investors alike.”