34 C 
AI Effect: 'Nearly 3 Mn Jobs Are At Risk In India'
In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.
HSBC has initiated coverage on recently listed Manipal Health with a Buy rating and Rs 1,000 target price, implying 26% upside. The brokerage sees strong growth potential from improving hospital utilisation, the Sahyadri turnaround, higher-margin speciality mix and deleveraging, with adjusted PAT expected to nearly triple by FY29.
Fed, BOJ, AI Boom and Elections: What markets are watching next
As traders emerge from their holiday break, global markets brace for fluctuations. The ongoing geopolitical tensions keep energy prices in focus, while decisions from the Fed and BOJ will be scrutinized closely. Additionally, the rise of artificial intelligence valuations and potential fiscal challenges in Europe pose risks, compounded by the political uncertainty surrounding the upcoming US midterm elections.
Ola Electric shares rally over 5%, rebound 79% from March low. Heres whats driving the stock
Ola Electric shares rallied on Friday after the EV maker launched its new S1Z scooter range with indigenous Bharat Cell LFP technology. The stock has rebounded nearly 79% from its March low, while the new models target Indias mass-market EV segment with prices starting at Rs 79,999.
Tempsens Instruments Shares Zoom Over 111% on Blockbuster Debut
Shares of temperature sensing and heating solutions provider Tempsens Instruments (India) Ltd listed with a massive premium of over 111 per cent against its issue price of Rs 300, reaching a market valuation of Rs 4,934.81 crore.
Google's Vizag AI Hub: Construction by '28, Full Ops in 5 Years
Google aims to complete the first phase of its 1 gigawatt artificial intelligence (AI) data centre hub in Visakhapatnam by late 2028, with full operations across all phases expected within five years, according to Alexander Smith, Principal of Global Infrastructure and Energy for Asia Pacific at Google.
Shanghai plans subsidies to kick start dormant offshore debt market: Report
Shanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the currently stagnant market and position it as a leading global funding hub. Eligible bond issues will benefit from subsidies that cover legal, advisory, and banking fees, while onshore banks will also gain the ability to purchase these offshore bonds, ultimately fostering yuan internationalization and increasing foreign investments.
22, 24 carat Gold prices down across metro cities on August 28
22, 24 carat Gold prices down across other cities on August 28
JM Financial calls Metropolis Healthcare best-value diagnostic stock, sees up to 27% upside
JM Financial has retained its Buy rating on Metropolis Healthcare with a target price of Rs 734, implying 27.2% upside. The brokerage calls it the cheapest among Indias leading listed diagnostic players, citing attractive valuations, network expansion, stronger B2C growth and improving margins as key drivers.
Bitcoin falls 30% as Google, gold and defence stocks outperform since 2020: Report
Google emerged as the best-performing asset in a Taurex study, gaining nearly 291% between 2020 and August 2026, while Bitcoin fell 30%. BAE Systems, gold, Apple and Microsoft also delivered gains of more than 100%. Defence stocks featured prominently among the top performers, benefiting from higher military spending, geopolitical tensions and increased global security expenditure.
Elara initiates coverage on Alkem, Eris, IPCA and Mankind. Check ratings and targets
Elara has initiated coverage on four pharmaceutical stocks, assigning Buy, Accumulate and Reduce ratings. Alkem Laboratories emerged as its top pick for margin recovery, while Eris Lifesciences and Mankind Pharma could benefit from portfolio expansion, acquisitions and deleveraging. Elara retained a cautious view on IPCA Laboratories after its recent rally.
Many salaried people are financially strained at month-end, highlighting the need for better spending habits. Experts recommend having three bank accounts for budgeting purposes: one for daily expenses, one for emergencies, and one for investments, but caution about risks like minimum balance fees.
Manipal Hospitals market cap tops 1 trillion; stock jumps 13% in 1 week
HSBC Global Investment Research initiated coverage on Manipal Hospitals with a 'Buy' rating and a target price of 1,000 per share.
Indias new stock closing auction: How it works and why it is struggling
The new mechanism has changed how India determines official closing prices, exposing liquidity challenges and raising questions about its early implementation
Wipro rises after expanding AI partnership with Google Cloud
Wipro rose 2.36% to Rs 180.56 after the company announced an expansion of its partnership with Google Cloud to accelerate enterprise-wide adoption of Gemini Enterprise and agentic artificial intelligence (AI).
IT stocks power markets; Sensex up 165 points at noon as investors await Warsh speech
TCS leads Nifty 50 gainers, rising 3.81% to 2,334 against a previous close of 2,248.40
Dollar index holds around a one-week high
Dollar index is holding near a one-week high on Friday as investors cautiously awaited Federal Reserve Chair Kevin Warshs speech at the annual Jackson Hole symposium later in the global day for clues about the outlook for US interest rates. DXY is holding above 99 mark on higher than expected inflation levels. Recent July PCE inflation metrics arrived higher than anticipated at 3.7% on year, fueling bets of an additional interest rate hike by December. Escalating economic sanctions aimed at isolating Iran's banking and trade networks have also sparked defensive safe-haven demand for the US currency. Stronger upside for the DXY is however constrained by Treasury Secretary Scott Bessent's aggressive expansion of long-dated government bond buybacks.
Market trades sideways; FMCG shares decline for 3rd day
Market participants remained focused on the upcoming speech by Kevin Warsh, who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications of the US central banks monetary policy outlook.
ICICI Bank completes issuance of USD 1 billion Senior Notes
ICICI Bank , acting through its IFSC Banking Unit, has today completed the issuance of USD 1 billion Senior Unsecured Fixed Rate Notes (Notes) under the USD 7.5 billion Global Medium Term Note Programme of the Bank.
Brahmaputra Infrastructure receives LoA from AHIDMS, Govt. of Assam
Priority Jewels IPO: Retail portion booked 1.4x on day 1 so far; GMP at 18%
Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery.
Looking to buy pet insurance? Here's all you need to check before finalising a policy
India is witnessing a growing pet population and rising veterinary costs, which are driving demand for pet insurance. In 2025, the pet insurance market reached 3,152 crore and is expected to grow further to 9,478 crore by 2034.
Has the S&P 500 really doubled since 2023? Chris Wood says it is down 21% in gold terms
Jefferies Christopher Wood highlights a sharp divergence in market returns: while the S&P 500 has doubled in dollar terms since early 2023, it has fallen 21% relative to gold. He warns that efforts to suppress US bond yields could weaken the dollar, boosting alternative assets such as gold and Bitcoin.
GE Shipping gains as board OKs Rs 900-cr share buyback at Rs 1,530 apiece
Great Eastern Shipping Company advanced 1.57% to Rs 1,337 after the company's board approved a share buyback of up to Rs 900 crore through the open market route at a maximum price of Rs 1,530 per equity share.
Next Mediaworks Ltd leads gainers in 'B' group
Xtranet Technologies Ltd, Exxaro Tiles Ltd, Sunshine Pictures Ltd and InfoBeans Technologies Ltd are among the other gainers in the BSE's 'B' group today, 28 August 2026.
TVS Motor Company appoints Peyman Kargar as Director and CEO
With effect from 27 January 2027
Odisha govt probes Vedanta plant over excess water usage
Vedanta Ltd's aluminium plant in Jharsuguda, Odisha, is under regulatory scrutiny by the state's Water Resources department regarding its water sources and drawal history. This follows a complaint alleging unauthorised groundwater extraction and previous financial demands for illegal water use, with the National Green Tribunal also seeking responses on environmental concerns.
US Stock Market: Warsh Jackson Hole speech puts Fed policy communication under scrutiny
Federal Reserve Chair Kevin Warshs Jackson Hole speech is in focus as investors seek clues on U.S. interest rates, inflation and bond-market risks. With inflation above target and policymakers divided, markets await guidance on future policy. Warshs cautious approach to forward guidance will be tested amid economic and fiscal uncertainties.
'Ethanol Blending Has Not Led to Sugar's Price Rise'
'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'
Global Market: Japanese bond yields rise as weak auction, inflation concerns weigh
Japanese government bond yields climbed, with the five-year yield hitting a record high after weak demand at a two-year auction added to selling pressure. Persistent inflation and rising energy prices also strengthened expectations of further Bank of Japan rate hikes, while investors awaited the Federal Reserves policy signals.
Gold outlook hinges on Warsh speech as hawkish Fed stance may weigh
A hawkish signal from Warsh could trigger further correction in gold towards the $4,500-$4,520 support zone, although downside may remain limited ahead of next week's US nonfarm payroll data.
Raksha Bandhan 2026: From gold to stocks, financial gifts to give your sibling
Rather than opting for conventional presents this Raksha Bandhan 2026, families can consider gifts that offer lasting financial value and reflect the festivals message of protection and care.
Sebi 'close' to approving NSE IPO, chairman highlights market resilience
The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.
Jefferies initiates SBI Funds Management coverage with Buy; sees 26% upside
Jefferies initiated coverage on SBI Funds Management with a Buy rating and a Rs 710 price target, implying 26% upside. The brokerage expects operating profit to grow at a 15% CAGR through FY29, supported by rising mutual fund assets, SBIs distribution network and operating leverage. Strong B30 presence and lower operating costs further support the asset managers growth
ICICI Bank shares slide 1.32% amid $1 billion bond issuance and employee stock allotment
The stock opened at 1,435, touched an intraday high of 1,439.80, and slid to a low of 1,423.10, with sell orders outpacing buy orders, 57.56 per cent sellers against 42.44 per cent buyers.
NBFCs enter new cyclical recovery, PAT seen rising 24% in FY27: Motilal Oswal
Non-banking financial companies are entering a new cyclical recovery phase. Loan growth and asset quality improvements are expected to drive earnings higher. Profit after tax for NBFCs is projected to grow significantly in upcoming fiscal years. However, geopolitical risks and monsoon conditions pose potential challenges to this recovery. Interest rates may also rise, impacting funding costs and profit margins for some firms.
Looking for top-performing smallcap mutual funds? These 5 delivered over 20% returns in 3 years
Five smallcap mutual funds delivered over 20% annualised returns in the last three years.
15 mainboard IPOs doubled investor money on listing day in last 6 years. See full list
Tempsens Instruments has ended a 609-day drought for mainboard IPOs doubling on debut. Here is the full list of 15 IPOs that delivered listing gains above 100% since 2020.
Tempsens Instruments made a blockbuster debut, listing at Rs 634 on the NSE, an 111% premium over its Rs 300 IPO price. The stock briefly gained further before falling over 8% from its debut level, though it remained 94% above the issue price. Analysts advised investors who missed the rally to consider buying on dips.
50,000 monthly income from FD: Corpus, interest rate and tax explained
To earn 50,000 a month in 2026, retirees need an FD corpus ranging from roughly 70.6 lakh to 1 crore, depending on the interest rate (6-8.5%), while factoring in TDS, senior citizen tax deductions under the Income-tax Act 2025, and post-tax income for retirement planning.
Mastek Ltd leads gainers in 'A' group
Just Dial Ltd, Tejas Networks Ltd, Ather Energy Ltd and Tata Teleservices (Maharashtra) Ltd are among the other gainers in the BSE's 'A' group today, 28 August 2026.
Chinas red lines for Indias auto industry emerge despite hopes of thaw
While Chinese battery technology remains difficult to access, Indian automakers and component makers are finding workarounds to rare-earth magnet restrictions.
Ola Electric launches all-new S1Z powered by its indigenous Bharat Cell LFP technology
Ola Electric Mobility today announced the launch of the all-new S1Z, the first scooter range in India to bring the company's indigenously developed Bharat Cell LFP technology to the mass market. The S1Z brings Ola's indigenous 46 series LFP cell platform technology, developed at its Battery Innovation Centre and manufactured at the Ola Gigafactory, to its most accessible scooter range, for the country's largest EV buying segment.
900 crore buyback announcement sees GE Shipping shares gain over 3%
The Great Eastern Shipping Company has announced a share buyback programme worth 900 crore.
Tejas Networks spurts after receiving Rs 1,537 crore BSNL 4G order from TCS
Tejas Networks jumped 8.49% to Rs 554.20 after the company received a Letter of Intent (LoI) from Tata Consultancy Services (TCS) for the supply of equipment for BSNL's 4G mobile network.
Yen climbs ahead of Warsh's Jackson hole speech
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Indices trade with minor gains; media shares jump
Market participants remained focused on the upcoming speech by Kevin Warsh who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications on the US central banks monetary policy outlook.
India's non-fossil-fuel capacity has increased from 80.3 GW to 300.5 GW over last 12 years
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Wacker Chemie AG partners with HCL Technologies to set up Global Capability Center in Pune
HCL Technologies (HCLTech) announced that Wacker Chemie AG, a global chemicals and biotechnology company, has recently established a Global Capability Center in Pune, India in collaboration with HCLTech.
Salesforce shares jump on strong earnings, raised FY27 outlook
Salesforce shares surged 23% after strong Q2 results, higher guidance and accelerating AI adoption. Agentforce ARR jumped 240%, while its expanded Anthropic partnership strengthened the companys AI growth outlook and eased concerns about AI disruption to traditional enterprise software.
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20 to Rs 55.70/kg on August 20, with current prices around Rs 70/kg. Balrampur Chini Mills, Dhampur Sugar, Uttam Sugar, Triveni Engineering and EID Parry were among the key gainers.
Global Market: China stocks steady as property shares offset Biotech, chip losses
Chinese stocks were largely steady on Friday as gains in property shares offset losses in biotechnology and semiconductor stocks. The Shanghai Composite edged up 0.1%, while the CSI300 slipped 0.1%. Hong Kong equities advanced, supported by Wall Street gains and Nvidias upbeat outlook, which boosted global AI sentiment.
PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap
PPFAS Mutual Fund has announced feature and nomenclature changes across its schemes, including its flexi-cap, large-cap, ELSS, arbitrage and conservative hybrid funds. The changes, effective August 26, revise investment allocations and scheme nomenclature across the fund houses offerings.
Indian government bonds: 10-yr yield at more than two-month peak on supply, Warsh speech
Indias benchmark 6.94% 2036 yield at 6.9079%
ESDS Software Solution IPO booked over 50% in an hour; check GMP, reviews
ESDS Software Solution IPO price band is at 408 to 429 per share. Investors can apply in lots of 34 shares.
India 10-year yield at more than two-month peak on supply, Warsh speech
Indian government bonds extended losses, pushing the ten-year yield higher. Global markets await Federal Reserve Chair Kevin Warsh's speech for policy outlook signals. Hawkish minutes from India's central bank revived domestic rate hike expectations. New Delhi plans a significant sale of benchmark notes today. Easing crude oil futures offered some relief to markets.
Federal-Mogul Goetze surges 10% on 94 per share dividend bounty
Federal-Mogul Goetze board on Thursday declared an interim dividend of 7.50 and a special dividend of 86.50 per equity share.
Government has taken up measures to ensure adequate availability of onions at affordable prices
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How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 crore
The NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders find this payout unviable, while government sources call the haircut figure misleading. Chandra disputes the total claim amount against him, stating it is lower. Creditors retain rights against principal borrowing companies and their assets. The case is exceptional and not a template for other insolvency resolutions.
HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?
Indian IT stocks surged sharply, led by gains in largecap names, after Nvidias strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector.
Tejas Networks shares zoom 13% after TCSs Rs 1,537-crore LOI for BSNL 4G rollout
Tejas Networks shares rose sharply on Friday after the company received a Rs 1,537-crore Letter of Intent from TCS to supply RAN equipment for BSNLs indigenous 4G rollout. The proposed project covers 18,685 sites, adding to Tejas Networks role in the telecom operators nationwide 4G network deployment.
Global Market: Japans Nikkei rises as tech stocks gain, Fed signals cap rally
Japans Nikkei rose 0.8% and Topix gained 0.9%, led by technology and chip stocks. Gains were supported by Wall Streets semiconductor rally, while inflation concerns, higher oil prices and rising bond yields limited broader advances. Investors also awaited Fed Chair Kevin Warshs Jackson Hole speech for clues on US interest rates.
4,000% options surge in 15 mins highlights Indias wild closing auction system
Indias new closing-auction system is triggering extreme volatility in the options market, with prices swinging sharply within minutes. During the first monthly expiry under the new system at BSE, a Bankex put option surged nearly 4,000% from Rs 1.70 to Rs 68.55 before crashing to zero, all within 15 minutes, highlighting the risks of compressed end-of-day trading.
Volumes soar at Escorts Kubota Ltd counter
Escorts Kubota Ltd clocked volume of 1.02 lakh shares by 10:45 IST on BSE, a 44.66 times surge over two-week average daily volume of 2283 shares
Tempsens Instruments makes a sizzling debut
Tempsens Instruments (India) traded at Rs 591.70 on the BSE, a 97.23% premium to the issue price of Rs 300.
RailTel Corp bags Rs 39-cr order from Cotton Corporation of India
RailTel Corporation of India announced that it has secured a work order worth Rs 38.59 crore from the Cotton Corporation of India (CCI) for cloud data centre services.
Ather Energy surges as Hero MotoCorp to hike stake to 32.8%
Ather Energy surged 4.83% to Rs 1,567.50 and Hero MotoCorp rose 1.05% to Rs 5,608.50 after Hero MotoCorp's board approved the purchase of additional shares in Ather Energy.
US markets supported as tech stocks soar
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Quantum Computing: AI's Next Frontier
Quantum computing is set to redefine artificial intelligence, cybersecurity, and scientific discovery, promising unprecedented speeds and capabilities while also necessitating urgent development of quantum-safe security measures and strategic enterprise readiness, says Sunil Varghese.
Nifty IT index soars 3%; LTM, Coforge, TCS, TechM gain up to 5%; here's why
IT stocks rallied on Friday after Nvidia's strong revenue forecast reinforced optimism around the artificial intelligence (AI) boom.
Yatharth Hospital shares jump 5% as Aster, Advent likely eye controlling stake
Yatharth Hospital shares jumped over 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake in the hospital chain. Yatharth denied being in any sale discussions, while the stock hit a fresh 52-week high and has gained around 50% in 2026.
Om Power Transmission bags Rs 13-cr order from GETCO
Om Power Transmission announced that it has received a Letter of Intent (LoI) worth Rs 12.78 crore from Gujarat Energy Transmission Corporation (GETCO) for laying, erection, testing and commissioning of 66 kV underground cables.
Symbiotec Pharmalab IPO ends with 71.26 times subcription
The offer received bids for 93.52 crore shares as against 1.31 crore shares on offer.
Skyways Air Services IPO wraps up 71.25x subscription
The offer received bids for 210.79 crore shares as against 2.95 crore shares on offer.
Hy-Tech Engineers IPO ends with 244.41 times subscipton
The offer received bids for 443.49 crore shares as against 1.84 crore shares on offer.
Nifty trades above 24,150 mark; IT shares surge
Market participants remained focused on the upcoming speech by Kevin Warsh who is set to deliver his first major address as Federal Reserve chair at the annual Kansas City Fed economic symposium in Jackson Hole, Wyoming. The address is being closely watched for indications on the US central banks monetary policy outlook.
Gold drops ahead of Fed chief Warshs Jackson Hole speech
Spot gold falls 0.5% to $4,580.19 per ounce
Indias flex workspace market records strongest H1 as seat leasing jumps 68%: Cushman & Wakefield
Indias flexible workspace sector posted its strongest-ever first half in 2026, with operators leasing 191,306 seats across the countrys top eight cities, up 68.4% year-on-year. Flex operators also recorded 8.4 million sq ft of leasing, accounting for nearly 20% of total office leasing activity.
Stock Markets on Aug 28: Sensex, Nifty Gain On Rally In IT Stocks
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after two days of losses, driven by strong buying in blue-chip IT stocks and a rally in global markets.
Noel Tata, Shapoorji discuss share swap for Tata Sons stake sale
Representatives of Noel Tata are exploring a deal where SP Group could receive shares in Tata Power Co. in exchange for part or all of its 18.4% stake in Tata Sons Pvt
Stock markets rebound in early trade after two days of losses on buying in IT firms
The 30-share BSE Sensex climbed 245.56 points to 77,191.80 in early trade. The 50-share NSE Nifty was up 54.20 points to 24,147.50
The stock began trading at 631.20 on the BSE and 634.00 on the NSE, more than doubling from its offer price of 300
IREN stock slumps after Q4 miss as AI cloud revenue surges
IREN shares fell over 8% after a weaker-than-expected Q4, with revenue and adjusted earnings missing estimates. However, AI Cloud revenue surged, while contracted ARR targets signal strong growth. The companys transition from Bitcoin mining to AI infrastructure brings significant expansion potential, but heavy capital spending remains a key investor concern.
Tech analyst flags Meesho, PolicyBazaar among 3 breakout stocks in midcaps
Amol Athawale of Kotak Securities flagged 'Ascending Triangle' and 'Symmetrical Triangle' breakouts on Meesho and PolicyBazaar weekly charts.
IPO investors waited 609 days for a stock to double on debut. Tempsens Instruments ends the drought
Tempsens Instruments ended a 609-day drought in Indias mainboard IPO market, delivering a 111.3% listing gain on debut. The Rs 650 crore issue listed at Rs 634 against an issue price of Rs 300. While listing gains have improved in 2026, retail investors have become increasingly selective.
Celebrating a paid-off home loan is essential, but ensure to collect original documents, including sale deeds and No Dues Certificates. Per RBI guidelines, lenders must return these within 30 days; failure results in compensation.
This Raksha Bandhan 2026, consider the thoughtful gift of a mutual fund SIP to nurture long-term wealth. This investment approach fosters consistent saving, allowing your funds to compound impressively over time. A small monthly contribution can accumulate into a substantial amount in fifteen years. Selection of the appropriate fund type should reflect your sibling's financial goals and current investments.
INR losses likely to be capped by easing oil prices and positive equities
The Indian rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies. However, a marginally weaker greenback and a fall in global crude oil prices to levels below USD 90/barrel prevented a sharper decline in the local unit. At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close. Meanwhile, local equities opened on a positive note on Friday after two straight sessions of losses, supporting gains in the local unit. Underlying sentiment was helped by expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the Middle East war. The BSE SENSEX was up 309.46 points (+0.40%) at 77,243.05 and the NSE NIFTY 50 was up 59.30 points (+0.25%) at 24,150.15.
Dr. Agarwal's Eye Hospital launches World's First Pinhole Pupilloplasty (PPP) Centre
At its flagship facility at Alwarpet, Chennai
