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  • Multi-Year deal: CeraVe partners with NBA

    Multi-Year deal: CeraVe partners with NBA

    North American basketball’s top-tier NBA has entered into a new commercial deal with major skincare brand CereVe.

    Through a multi-year tie-up unveiled today, CeraVe becomes the official skincare partner of the 30-franchise league.

    The deal has been announced in the build-up to the 2025-26 NBA season getting underway on October 21.

    It will entail CeraVe producing custom NBA-focused content, as well as engaging in on-site activations at league events, and integrating its products into NBA marketing.

    These elements add to the campaign the brand already has in place with Anthony Davis, the 10-time NBA All-Star.

    The NBA has stated that CeraVe will have a presence at events such as the Emirates NBA Cup, NBA All-Star, and the NBA Summer League, and will also be integrated into the NBA 2K26 video game.

    Paolo Pastore, vice president for global business development at the NBA, has now said: “This partnership reflects the NBA’s commitment to expanding its lifestyle and wellness offerings. CeraVe brings trusted expertise and an innovative marketing approach that helps bring the NBA experience closer to fans wherever they are.”

    Esther Garcia, general manager at CeraVe US, added: “Our partnership with the NBA is an exciting opportunity to reach a truly unparalleled audience – one that’s passionate, engaged, incredibly diverse, and one that truly values performance, especially when it comes to their skin barrier, head to toe.”

    The NBA campaign gets underway with a clash between the Oklahoma City Thunder and the Houston Rockets on October 21.

    At the end of September, the NBA’s chief marketing officer Tammy Henault departed.

    Henault joined the NBA in 2022 to lead its global marketing efforts.

    Prior to the NBA, Henault was senior vice president of marketing for the Paramount+ streaming service. Before that, she worked at The New York Times and led customer acquisition and retention for its digital subscription business. Sportcal

  • Old Wi-Fi could hinder Latin America’s fiber growth

    Old Wi-Fi could hinder Latin America’s fiber growth

    Fiber networks are becoming increasingly available across Latin American countries. That’s clearly a boon to residents in the region looking for speedy internet connections. After all, fiber typically outperforms all other telecommunications access technologies – and as a result they often serve as a backbone for Wi-Fi access points.

    That said, the rise of fiber across Latin America faces challenges, not the least of which is outdated Wi-Fi standards. As fiber brings faster connections, providers must look to upgrade their users to more capable Wi-Fi technologies.

    Key takeaways:

    • The full capabilities available through fiber networks cannot be achieved with outdated Wi-Fi standards. For example, the Wi-Fi 5 protocol tops out at 6.9 Gbps – well below the 10 Gbps speeds some operators in Latin America are offering.
    • The Wi-Fi 6 standard promises to significantly improve customers’ speeds. Already some Wi-Fi 6 users in Latin America enjoy 10x the median download speeds of their Wi-Fi 4 counterparts. Chile and Uruguay lead on the adoption of Wi-Fi 6 in Latin America.
    • Some fiber operators in the region still maintain large numbers of Wi-Fi 4 connections – up to a third of their customer base in some cases, per Speedtest results. And Huawei and TP-Link are the top Wi-Fi 4 router brands. This information could help operators identify areas in need of investments.

    The combination of fiber networks and newer, more capable Wi-Fi connections can help operators score direct revenues through the sale of faster pricing tiers as well as indirect revenues through improved customer satisfaction and superior brand reputation.

    Latin America is a hotbed of fiber
    The rise of fiber is clear in data from the Organisation for Economic Co-operation and Development (OECD), an international association that works with governments to create evidence-based standards to tackle global economic, social and environmental challenges.

    Fiber subscriptions in México, Chile, Colombia and Costa Rica grew 258% over the previous four years, according to 2024 data from the OECD. Brazil – Latin America’s most populous country – was fifth in an OECD global ranking of the year-over-year increase in fixed broadband subscriptions per 100 inhabitants, from June 2023 to June 2024.

    This transition to fiber is reflected in Speedtest Intelligence© results for Latin America’s most populated countries:

    However, the market for fiber in Latin America is punctuated by plenty of unique circumstances and local flavors.

    For example, recent data from Brazil’s telecom regulator, Anatel, shows that 77.2% of Brazil’s fixed internet connections were fiber-based as of November 2024. That’s up 8.8% from the year prior. But some of the region’s major telecom network operators – like Telefónica’s Vivo (with 17.6% market share in Brazil) and América Móvil’s Claro (with 4.6% market share in Brazil) – are competing with the country’s many “pequeños proveedores.” These are the small and regional internet service providers (ISPs) that collectively account for an extraordinary 67% of all fiber connections in Brazil. These smaller players have proven agile in selling fiber to medium-sized cities and underserved areas, often outpacing big, traditional incumbents.

    Meanwhile, in México, the transition to fiber is being driven by large, international telecom players. For example, Claro holds a 40% market share in fixed broadband connections in México and has successfully migrated around 85% of its broadband customers to fiber. The results of this work are clear: Ookla recently revealed that median download speeds in México have more than tripled over the past five years across all fixed ISPs.

    Finally, in countries like Colombia, Chile and Brazil, the neutral host networking business model is expanding via providers like On Net Fibra and V.tal. Under that model, a single company builds and operates a shared fiber network that is then leased to multiple other service providers.

    Regardless of such regional differences, the result is the same: More fiber. This progress can be clearly seen in Bogotá, Colombia, via Ookla’s Speedtest Insights©. The below map shows the overall rise in fixed network speeds across the city during the past six months of 2025, compared with the same period in 2024:

    The value of Wi-Fi upgrades
    The rise of fiber in Latin America creates a path for ISPs in the region to profit from the sale of faster service plans with better features and more reliable connections. However, a customer’s Wi-Fi network can hamstring this momentum.

    To illustrate this situation, let’s compare the performance of fiber-based Speedtest Intelligence samples from devices connected via Ethernet vs. those using Wi-Fi. Results show that, in general, users who bypass Wi-Fi with an Ethernet cable may double their download speeds:

    However, few internet surfers want to plug their computer into a wire. In terms of Speedtest samples, Wi-Fi is roughly 20 times more popular than Ethernet.

    Now, here’s where things get interesting. Since Wi-Fi is the preferred way for customers to connect to a fiber access point, the version of Wi-Fi they use becomes critical. And, not surprisingly, newer technologies can speed things up.

    For example, Mundo in Chile currently offers 10 Gbps service plans. And – incredibly – it’s rolling out plans that provide speeds up to 50 Gbps. As noted by Wi-Fi router vendor TP-Link and chip vendor Intel, customers won’t be able to access those speeds without using the latest version of Wi-Fi. Here are the theoretical maximum speeds available across various Wi-Fi standards (users’ normal speeds are generally much lower than the theoretical maximum):

    Thus, subscribing to Mundo’s 50 Gbps plan while using a Wi-Fi 4 router would be like eating a steak dinner through a straw: You’d get what you need, but not what you’d want.

    Broadly, here’s what Ookla is seeing in the deployment of newer Wi-Fi technologies across Latin America:

    Chile and Uruguay show a lead in the adoption of the Wi-Fi 6 standard. However, Wi-Fi 4 still represents at least a fifth of connections, and remains above 40% in markets in Central America, as well as in Argentina, Paraguay and Venezuela.

    Speedtest users’ speeds clearly track with the type of Wi-Fi they’re using:

    To be clear, it’s reasonable to assume that slower networking technologies like xDSL might be underpinning many Wi-Fi 4 connections, while Wi-Fi 6 connections may lean more toward fiber networks.

    Nonetheless, here are the operators in Latin America with more than 30% of their test samples using Wi-Fi 6:

    The Wi-Fi 6 standard introduces several key technologies to improve performance including orthogonal frequency-division multiple access (OFDMA), which allows a single channel to serve multiple devices simultaneously. The standard also sports a more efficient modulation scheme (1024-QAM) and BSS Coloring, which helps networks in the same area coexist.

    And, like most technologies, Wi-Fi continues to evolve. The standard’s latest iteration – Wi-Fi 7 – is just now beginning to appear in Latin America, but only in tiny slivers. For example, just 0.1% of the samples from America Movil in Brazil and México show Wi-Fi 7 capabilities. This is likely due to some early adopters among the operator’s customer base. A few other operators in Latin America are also showing some Wi-Fi 7 usage, but mostly in numbers that are not statistically relevant because the sample size is too small.

    The same goes for Wi-Fi 6 connections in the 6 GHz band (most Wi-Fi operations in Latin America are in the 2.4 GHz and 5 GHz bands). Only Vivo in Brazil registers a statistically relevant number of Wi-Fi 6 samples in the 6 GHz band (called 6E), at 0.1% of the operator’s tests. This finding is noteworthy because there’s an ongoing debate among regulators in the region about how to handle the 6 GHz band. Some cellular operators want some or all of the band to be set aside exclusively for licensed 5G and 6G operations. Meanwhile, some Wi-Fi proponents prefer the band be allocated to unlicensed uses, like Wi-Fi. Brazil’s regulator, Anatel, initially set aside the entire 6 GHz band for unlicensed Wi-Fi in 2021, but in recent months has proposed reserving the upper portion of the band for licensed cellular networks. Some other countries in Latin America are debating similar moves.

    Weeding out slower Wi-Fi
    Speedtest samples from the below operators have two key characteristics: They show a median latency under 16 ms (suggesting a fiber network) and more than a third of their tests were conducted over Wi-Fi 4. With the exception of HV in Colombia, tests from all of these operators were in Brazil:

    If these operators upgrade their customers’ Wi-Fi routers to support newer versions of the Wi-Fi standard – or at least communicate the situation – they could dramatically improve their customers’ experiences.

    Looking at the distribution of Wi-Fi 4 samples by router manufacturer, Huawei and TP-Link emerge as the top brands across Latin America. However, their popularity varies by market, which is no surprise considering users could be getting their routers through their operator, through a third-party merchant or through some other source. Further, users’ experiences can be affected by any additional Wi-Fi extenders or repeaters they may be using.

    Nonetheless, this information is important because Speedtest users prefer more advanced Wi-Fi standards. For example, users in México gave their Wi-Fi 4 connections a 2.9 satisfaction ranking (out of 5) in the first half of this year. For Wi-Fi 5 users, that ranking was 4.2.

    And Wi-Fi 6 users in México reported satisfaction levels of 4.7, or 94%.

    Wi-Fi 7 advances in international markets
    The adoption of Wi-Fi 7 on a global scale is still in its early stages, but it is showing signs of growth in certain regions.

    For example, in the first quarter of 2025, Wi-Fi 7’s share of fixed samples in the United States was less than 2%, though this represented a significant increase from the previous quarter. And in Europe, countries like France, Switzerland and Denmark were at the forefront of Wi-Fi 7 adoption by the end of 2024, with France leading with a 1.5% Speedtest sample share. This is primarily due to ISPs that include Wi-Fi 7 routers as part of their service bundles.

    Like Latin America, some fiber-rich countries in Europe – such as Spain, Portugal and Ireland – still have a large base of older Wi-Fi 4 and Wi-Fi 5 connections.

    As Latin American operators continue their march toward widespread fiber adoption, the full promise of these ultra-fast networks can only be realized if Wi-Fi technology keeps pace. The combination of fast fiber networks and speedy Wi-Fi connections can allow operators to sell increasingly competitive tiered service plans as well as gain enhanced customer loyalty and brand reputation.

    By strategically upgrading outdated Wi-Fi 4 connections and actively promoting the benefits of newer standards like Wi-Fi 6 and Wi-Fi 7, providers can ensure their fiber revolution translates into a better internet experience for every user. Ookla

  • Netflix–WBD merger: What it means for India’s OTT market

    Netflix–WBD merger: What it means for India’s OTT market

    Netflix is said to be preparing to bid for Warner Bros Discovery, a major Hollywood studio with a vast library of films and TV shows, a move that could significantly impact the future of the entertainment industry, including in India.

    Popular movies from the DC Comics franchise and HBO shows such as Game of Thrones, currently split between different networks, could possibly come to Netflix, helping it strengthen its hold over premium, urban viewers. Moreover, this could result in opportunities for distribution while creating spin-offs and sequels. However, eventual success would still depend on pricing and localisation strategies.

    Netflix and Warner Bros Discovery did not respond to Mint’s queries on the impact of this possible acquisition on the Indian market.

    In 2021, AT&T Inc. and Discovery Inc., agreed to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a standalone global entertainment company.

    Since then, Warner Bros has indefinitely delayed the launch of its streaming app HBO Max in India and has instead licensed content to JioCinema (now JioHotstar).

    It has focused on programming a combination of global and local content, aiming at 3,500-4,000 hours in 2025 for its linear TV channel besides discovery+, the OTT platform it operates in India.

    “If the acquisition goes through, the biggest change for India will be the content flow,” said Charu Malhotra, managing director and co-founder, Primus Partners, a management consultancy firm. “That is a big deal, because in India a lot of that content is still split between different TV channels, local OTTs and streaming bundles.”

    The opportunity would be that more premium titles could help attract subscribers here, maybe even result in local spin-offs tied to big franchises. However, India is a price-sensitive, regional market. People here don’t sign up to Netflix just for a library of old Warner titles; they look for local shows, sports and regional films.

    Reshuffling distribution
    “So the impact here would depend on how Netflix uses the content. If they keep everything exclusive, it could help them pull in some premium subscribers in metros. If they license to TV and other OTTs, they make extra money. Either way, the Indian story would be less about antitrust and more about how distribution deals get reshuffled,” Malhotra said.

    Rajat Agrawal, chief operating officer and director of Ultra Media & Entertainment Group, agreed that Warner Bros Discovery’s extensive content library would significantly enhance Netflix’s content offerings in India.

    “With Warner Bros Discovery’s existing partnerships and production capabilities in India, Netflix could leverage these to produce more localised content, catering to India’s diverse audience preferences. Netflix might also utilise Warner Bros Discovery’s linear TV channels, like Discovery Channel and Animal Planet, to promote its content and reach a broader audience. The acquisition would likely intensify competition in India’s OTT market, potentially leading to more aggressive pricing strategies and innovative content offerings from other players,” Agrawal added.

    Further, more content production and partnerships could lead to job creation in the Indian media and entertainment sector. This acquisition might also accelerate the growth of India’s OTT market, driving innovation and investment in the sector, Agrawal pointed out.

    Experts said a close example to the possible Netflix-Warner deal would be Amazon’s acquisition of film and TV production and distribution house Metro-Goldwyn-Mayer (MGM) for $8.45 billion in March 2022. Amazon bought MGM mainly for franchises such as James Bond and a giant library.

    With this, Amazon got more content to play with, Malhotra said, but it didn’t transform Prime Video overnight. It took time and even today, MGM titles are mixed into a broader content strategy. The lesson is that owning a famous studio helps, but platforms still need fresh hits and local programming.

    “Just buying a catalogue doesn’t guarantee a wave of new subscribers, especially in a market like India where people care more about local originals than old Hollywood films,” she pointed out.

    “(But) in India and other emerging markets, success hinges on addressing lower ARPU (average revenue per user), diverse language needs, and regulatory challenges through localisation, affordable pricing, and hybrid TV or OTT strategies,” said Mahesh K Sharma, president – strategic partnerships, Chaupal, a platform specializing in Punjabi, Haryanvi and Bhojpuri content. LiveMint

  • India rising as strategic player in global digital infra

    India rising as strategic player in global digital infra

    India is rapidly positioning itself as a strategic global partner for long-term digital infrastructure, according to a recent report by Centrum. As 70% of compute-intensive models originate in the United States, and China intensifies its technological isolation, Western markets are increasingly seeking regulatory stability—creating a unique opportunity for India to step in.

    The report reveals that India’s data centre capacity reached 1.4 GW in 2024, translating to a market size of USD 5.03 billion. This is expected to grow at a compound annual rate of 21% through 2030—nearly double the global average of 11.2%.

    Currently, India has 3.4 GW of data centres under construction, backed by over USD 50 billion in hyperscaler commitments. However, demand is projected to surge to between 6.5 GW and 8.3 GW by 2028, while supply is estimated to reach only 4.8 GW—creating a significant demand-supply gap. This imbalance is likely to generate premium pricing power for early investors, especially as AI workloads are forecasted to drive a 165% increase in data centre power demand by 2030.

    Major industry players are already validating India’s potential. Amazon Web Services (AWS) has committed USD 12.7 billion, Google is building a USD 6 billion facility in Visakhapatnam, Microsoft is expanding with a USD 3 billion plan, and Reliance, in partnership with NVIDIA, is developing a USD 25 billion AI infrastructure project in Jamnagar.

    India’s robust digital economy further supports this growth. The country processes 164 billion annual UPI transactions, boasts over 547 million OTT users, and records nearly 17.4 exabytes of monthly data consumption—underscoring its massive digital engagement.

    Centrum’s report emphasizes that India is now at the epicenter of a historic opportunity to capture disproportionate value from the global AI infrastructure revolution. Unlike previous tech cycles that offered optional upgrades, AI represents an existential necessity. The evolution from GPT-1’s 117 million parameters to today’s frontier models requiring over 30 trillion tokens has drastically transformed infrastructure needs—from traditional 4-8kW per rack to AI training demands of 30-120kW per rack.

    This shift has led to the emergence of specialized market segments such as high-density “AI factories” for training and distributed inference centres—solidifying India’s role in the future of global digital infrastructure. SME Futures

  • Digi invests €300M to expand Spain’s Fiber Network

    Digi invests €300M to expand Spain’s Fiber Network

    Romanian telecommunications group Digi Communications announced that it has completed a EUR 300 million investment with Aberdeen Group to develop the fiber optic network in Spain, which is now covering 2.5 million homes, Economica.net reported.

    “The Company informs the market that on October 1, 2025, Digi Spain Telecom and the investment vehicle part of Aberdeen Group completed the fourth round of investment for the development of an FTTH network covering 2,500,000 homes served in Andalusia, Spain, part of the transaction concluded on March 21, 2023. Therefore, the entire investment in the network, worth 300,000,000 euros, has been completed, being borne equally by Digi Spain and Aberdeen, also involving bank financing.”

    Last year, Digi took out loans of over EUR 130 million to expand its telecommunications networks in Romania, Spain, Portugal, and Belgium.

    In Spain, Digi offers mobile, internet, and landline services, and the plan is for its Spanish subsidiary to be listed on the Stock Exchange next year. Romania Insider

  • Vi, Airtel, Indus, Tata Comm Q2 results preview

    Vi, Airtel, Indus, Tata Comm Q2 results preview

    JM Financial expects telecom companies to post modest sequential growth in average revenue per user (ARPU) and revenue in the September quarter, depsite the ongoing subscriber upgrades and an extra day in the quarter. Ahead of the quarterly earnings, the domestic brokerage retained its ‘Buy’ rating on Bharti Airtel (target price: Rs 2,240), Bharti Hexacom (target price: Rs 2,000), and Tata Communications (target price: Rs 2,000).

    JM Financial maintained its positive view on Reliance Jio due to an expected 13 per cent CAGR in wireless ARPU over the next 3–5 years, supported by tariff hikes, premiumisation, and 5G adoption. Vodafone Idea’s rating has been upgraded to ‘Add’ from ‘Hold’, with a target of Rs 9.50, reflecting potential AGR relief. Indus Towers is downgraded to ‘Reduce’ from ‘Hold’ with a target price of Rs 340. the brokerage said.

    Jio’s ARPU is anticipated to rise 1.1 per cent QoQ to around Rs 211, with subscriber gains of 70 lakh, driving revenue and Ebitda growth of 2.4 per cent and 2.5 per cent QoQ, respectively. Bharti Airtel is projected to see 2 per cent QoQ growth in India wireless revenue and 2.1 per cent QoQ growth in Ebitda, led by strong mobile broadband subscriber additions (72 lakh) and a 1.6 per cent QoQ ARPU improvement to Rs 254.

    Bharti Hexacom is likely to report 2 per cent QoQ growth in wireless Ebitda on the back of healthy MBB subscriber additions (7 lakh) and a 1.6 per cent QoQ ARPU increase to Rs 250, JM Financial said.

    Vodafone Idea’s revenue, reported Ebitda, and cash Ebitda are expected to grow 0.8 per cent, 1.1 per cent, and 0.9 per cent QoQ, respectively, as ARPU improves 1.2 per cent QoQ to Rs 167. This could be partly offset by a net subscriber loss of 5 lakh million, though MBB subscribers may increase by around 10 lakh, JM said.

    Indus Towers is projected to see healthy net tenancy additions (6,100 in 2QFY26 vs 5,800 in 1QFY26), driven by Bharti’s rural expansion and Vodafone Idea’s network rollouts. While average rental per tenancy could decline 0.3 per cent QoQ due to sharing discounts on second tenancies, reported EBITDA may grow 0.3 per cent QoQ, with adjusted Ebitda rising 2.4 per cent QoQ after accounting for past dues recovery. Bharti Hexacom’s digital portfolio is expected to support.

    Tata Communications is seen reporting revenue and Ebitda growth of 1.2 per cent and 1.8 per cent QoQ, though core connectivity may be impacted by recoverability issues in the SAARC region. BusinessToday

  • SATCOM market in India poised for rapid expansion

    SATCOM market in India poised for rapid expansion

    Scindia stated that the SATCOM market in India is expected to double in the next couple of years. With three SATCOM licenses already issued, the Minister expressed optimism that the market will expand rapidly, potentially doubling in size over the next few years.

    “The future of SATCOM is that the pathway is already put in place. The regulation is in process. The licensing regime is expected to be implemented soon. We’ve already issued three SATCOM licenses. I’m very confident that our market should double in the next couple of years,” said, outlining the promising trajectory of India’s satellite communications sector.

    Scindia also highlighted India’s proactive approach in the global race for 6G technology.

    Reflecting on India’s past absence in earlier telecom generations, he said, “India started as opposed to not having a seat at the table. This time, India has started early. We didn’t have a seat at the table at 4. We didn’t have a seat at the table at 5. But we are early movers as far as 6G is concerned.”He revealed that India is actively engaged in the “standard setting, protocol setting process at 6G with ITU,” with “two, three of our (proposals) have been accepted,” including the concept of a “ubiquitous network.” Scindia also mentioned that there are “seven verticals between the two lines,” and that a “separate Gantt chart for launch in terms of the progress” is being used to ensure coordinated contributions to these standards.

    Although the timeline is governed by international bodies such as the ITU and STPB, he expects the 6G “standards and protocols” to be finalised by 2027-28, with execution — including equipment and chip manufacturing — slated for around 2030.

    Addressing the potential of 6G technology, Scindia noted the “multifarious use cases” emerging, such as AI applications, holograms, and surgical processes.

    However, he emphasised that “today is the time to talk about 5G use cases,” and promised that many of these will be showcased in upcoming exhibitions.

    Answering the question on Broadband India Forum (BIF) suggestion to create a separate license category for satcom to the centre, he stated, “That’s something that’s going to be discussed by TRAI. That’s the regulator. So I don’t interfere with the regulator’s mandate.” NewKerala

  • Anchor investors pump ₹3,475 cr into LG Electronics IPO

    Anchor investors pump ₹3,475 cr into LG Electronics IPO

    LG Electronics Ltd. is set to launch the second initial public offering by a South Korean company in India, seeking to tap into the investor appetite in the world’s third largest stock market.

    LG Electronics India IPO, one of the largest this year, is a pure offer for sale by its Korean parent. No fresh shares are being issued, meaning the company will not raise new capital through this offer. Here are the key details of the IPO, its structure, financials, and what analysts are saying.

    1. IPO size & structure
    LG Electronics India’s IPO, which is valued at ₹11,607 crore, will see the parent company offload 10.18 crore shares, or about 15% of its stake in the Indian subsidiary. This will bring down the parent’s shareholding to about 85% post-listing.

    The issue is being managed by a consortium of top merchant bankers, including Kotak Mahindra Capital, Morgan Stanley India, and JM Financial.

    2. Price band & valuation
    The company has set a price band of ₹1,080 to ₹1,140 per share. Based on this, the IPO values LG Electronics India at around ₹77,400-80,000 crore (approximately $8.7 billion). At the upper end, the issue is priced at a price-to-earnings multiple of around 47 times FY24 earnings, which analysts view as slightly rich compared with Indian peers such as Voltas Ltd., Havells India Ltd., and Blue Star Ltd.

    3. Anchor book
    Before the public issue, LG Electronics India raised ₹3,475 crore from anchor investors by allotting 3.04 crore shares at ₹1,140 apiece.

    Major global and domestic institutions—including Abu Dhabi Investment Authority, Goldman Sachs, BlackRock, Government of Singapore, SBI Mutual Fund, and HDFC Mutual Fund—participated in the anchor book.

    Analysts see this strong anchor participation as a vote of confidence for the LG India IPO.

    4. Key dates
    The IPO opens for public subscription on 7 October 2025, and will close on 9 October. The basis of allotment is expected to be finalised by 10 October, and shares are likely to be listed on the BSE and NSE on or around 14 October 2025.

    Investors can bid for a minimum of 13 shares per lot, translating to a minimum investment of about ₹14,820 at the upper end of the price band.

    5. Issue allocation
    As per the standard IPO allocation structure, 50% of the issue is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. The company expects robust demand across investor categories, given its dominant market position and strong financials.

    6. Company background and business performance
    LG Electronics India is among the country’s top consumer electronics and home appliance brands, competing with Samsung, Whirlpool, Godrej, and Voltas. It commands leadership in several categories, including washing machines, refrigerators, air conditioners, and televisions.

    The company has two major manufacturing facilities in Noida and Pune, with an expansive sales and service network covering thousands of distributors, dealers, and service centres across India.

    In FY24, LG Electronics India reported revenue of ₹26,782 crore and a net profit of ₹1,710 crore, with a steady compound annual growth rate of about 10% over the past three years.

    The company has also announced plans to expand its manufacturing footprint, including a new $600 million facility at Sri City in Andhra Pradesh, aimed at both domestic sales and exports.

    7. Financials
    According to its draft red herring prospectus, LG India has maintained operating margins of around 9–10%, comparable with peers in the white goods segment.

    The company’s return on equity (RoE) stood at 22.6% in FY24. It operates with minimal debt, benefiting from its strong cash flows and consistent profitability.

    However, analysts point out that margins could be under pressure due to fluctuations in input costs and foreign exchange volatility, given its dependence on imported components.

    8. Key risks
    High import dependency: Around 46% of raw materials are sourced from outside India, exposing the company to currency and supply-chain risks.

    Royalty payments: The Indian unit pays about 2.4% of sales as royalty to its Korean parent for brand and technology usage.
    Tax dispute: The company faces an ongoing ₹4,717 crore tax demand from Indian authorities, which could affect financials if not resolved favourably.

    Intense competition: LG faces pricing pressure from both multinational and Indian brands in key product categories.

    9. Grey Market Premium (GMP)
    The LG Electronics India IPO is commanding a grey market premium (GMP) of ₹250-270 per share, implying potential listing gains of about 22–25% over the issue price.

    Brokerages such as Angel One, Motilal Oswal, and Ventura Securities have issued “Subscribe” recommendations, citing strong brand recall, profitability, and long-term growth prospects.

    However, some analysts caution that the issue is fully priced, and investors should consider it primarily for long-term exposure rather than short-term listing gains.

    10. Strategic Outlook
    For LG Electronics, the IPO marks a significant step in giving its Indian arm independent public visibility and valuation. The listing could also help strengthen the company’s governance, local sourcing, and manufacturing ambitions under the government’s “Make in India” initiative.

    Industry experts see the LG India listing as a reflection of growing investor interest in consumer-durables businesses amid rising household incomes and electrification trends across India. If successful, LG India’s debut could pave the way for other multinational firms—such as Samsung and Whirlpool—to explore similar listings in India.

    The LG Electronics India IPO offers investors a chance to participate in one of India’s most trusted consumer brands. While the valuation appears slightly stretched, the company’s strong fundamentals, healthy balance sheet, and deep market penetration make it a solid long-term story in India’s fast-growing consumer electronics space. Hindustan Times

  • Nobel Prize in Physiology or Medicine Awarded to Trio

    Nobel Prize in Physiology or Medicine Awarded to Trio

    Mary E. Brunkow, Fred Ramsdell, and Dr Shimon Sakaguchi won the Nobel Prize in medicine on Monday for their discoveries concerning peripheral immune tolerance.

    Brunkow, 64, is a senior program manager at the Institute for Systems Biology in Seattle. Ramsdell, 64, is a scientific adviser for Sonoma Biotherapeutics in San Francisco. Sakaguchi, 74, is a distinguished professor at the Immunology Frontier Research Centre at Osaka University in Japan.

    The immune system has many overlapping systems to detect and fight bacteria, viruses and other bad actors. Key immune warriors, such as T cells, get trained on how to spot bad actors. If some instead go awry in a way that might trigger autoimmune diseases, they’re supposed to be eliminated in the thymus – a process called central tolerance.

    The Nobel winners unravelled an additional way the body keeps the system in check.
    The Nobel Committee said it started with Sakaguchi’s discovery in 1995 of a previously unknown T cell subtype now known as regulatory T cells or T-regs.

    Then, in 2001, Brunkow and Ramsdell discovered a culprit mutation in a gene named Foxp3, a gene that also plays a role in a rare human autoimmune disease.

    The Nobel Committee said two years later, Sakaguchi linked the discoveries to show that the Foxp3 gene controls the development of those T-regs, which in turn act as a security guard to find and curb other forms of T cells that overreact.

    The work opened a new field of immunology, said Karolinska Institute rheumatology professor Marie Wahren-Herlenius. Researchers around the world are now working to use regulatory T cells to develop treatments for autoimmune diseases and cancer.
    “Their discoveries have been decisive for our understanding of how the immune system functions and why we do not all develop serious autoimmune diseases,” said Olle Kampe, chair of the Nobel Committee.

    Thomas Perlmann, Secretary-General of the Nobel Committee, said he was only able to reach Sakaguchi by phone on Monday morning.

    “I got hold of him at his lab, and he sounded incredibly grateful, expressing that it was a fantastic honour. He was quite taken by the news,” Perlmann said. He added that he left voicemails for Brunkow and Ramsdell.

    The award is the first of the 2025 Nobel Prize announcements and was announced by a panel at the Karolinska Institute in Stockholm.
    Nobel announcements continue with the physics prize on Tuesday, chemistry on Wednesday and literature on Thursday. The Nobel Peace Prize will be announced on Friday, and the Nobel Memorial Prize in economics on Oct. 13.

    The award ceremony will be held Dec. 10, the anniversary of the death of Alfred Nobel, who founded the prizes. Nobel was a wealthy Swedish industrialist and the inventor of dynamite. He died in 1896.

    The trio will share the prize money of 11 million Swedish kronor (nearly USD 1.2 million). AP News

  • Metropolis Healthcare posts strong 23% growth in Q2FY26

    Metropolis Healthcare posts strong 23% growth in Q2FY26

    Metropolis Healthcare informed BSE and NSE on Monday (October 6) that it recorded a 23% year-on-year consolidated revenue growth for Q2FY26, driven by preventive health check-ups and wellness services.

    The update precedes formal financial results, which are pending board approval.

    Core Diagnostics moved from breakeven in Q4FY25 to a high single-digit margin in Q2FY26. DAPIC (Dehradun) and Scientific Pathology (Agra) outperformed the company’s average margin.

    TruHealth Wellness and Specialty segments grew 25% and 36% year-on-year, respectively. B2C revenues rose 16%, while B2B revenues increased 34%. The company remains debt-free with a net cash surplus of ₹55 crore.

    The company also acquired Ambika Pathology Laboratory, Kolhapur, on September 18, to strengthen its presence in Western Maharashtra and set up a mini reference laboratory for surrounding districts.

    On a standalone basis, revenue grew 12% year-on-year, supported by higher patient and test volumes, favorable product mix, and improved realisations.

    EBITDA margins improved quarter-on-quarter and year-on-year. CNBCTV18