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December 8, 2025

Insurance Ombudsman Empowered to Award Up to ₹20 Lakh Compensation to Policyholders

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The Finance Ministry has proposed amendments to strengthen the insurance grievance redressal framework, giving more authority to the Insurance Ombudsman. Key Changes Proposed The Ombudsman may now award: Up to ₹20 lakh for consequential financial losses caused by unjust or arbitrary actions of insurers or brokers. An additional…

December 8, 2025

Centre Approves ₹7,280 Crore Scheme to Boost Rare Earth Magnet Manufacturing

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The Government of India has approved a ₹7,280-crore incentive programme aimed at developing large-scale rare earth permanent magnet manufacturing within the country. The scheme will support activities including extraction, processing, and magnet production to strengthen the domestic supply chain for critical components used across electric vehicles (EVs), electronics…

December 8, 2025

Transrail Lighting Gains Attention After Securing ₹822 Crore Orders, Including Major GCC Project

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Transrail Lighting Limited announced that it has secured new orders worth ₹822 crore, including a key international contract for a 400 kV transmission line in the GCC region. The development highlights the company’s growing project presence across global markets and diversified business segments. Order Inflow Outlook With this…

December 8, 2025

Abakkus Liquid Fund NFO

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Abakkus Liquid Fund NFO INVESTMENT OBJECTIVE: To generate optimal returns consistent with moderate levels of risk and high liquidity by investing in debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved. (source: abakkusmf.com) Abakkus Liquid Fund NFO Fund…

December 8, 2025

Abakkus Flexi Cap Fund NFO

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/ NFO, whatsnew

Abakkus Flexi Cap Fund NFO INVESTMENT OBJECTIVE: The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities through equity and equity related instruments by investing in a diversified portfolio of large cap, mid cap and small cap securities and the secondary…

December 8, 2025

Brightcom Group Reports Strong Q2FY26 Results, Launches Defence AI Subsidiary

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Revenue: ₹1,644 crore (+12.95% YoY) EBITDA: ₹421.7 crore (+24.76% YoY) Net Profit: ₹233 crore (+25.07% YoY) EPS: ₹1.15 (+25% YoY) Half-Year Revenue: ₹3,099 crore Operating Profit Margin: 25.65% The results reflect consistent growth in the company’s core business while maintaining efficient operations. Expansion into Defence AI BrightcomDefence will…

December 8, 2025

MTAR Technologies Bags ₹194 Crore Order from MEIL for Nuclear Power Components

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Cochin Shipyard Ltd. (CSL) has secured a contract from Denmark-based Svitzer to construct four fully electric ‘TRAnsverse 2600E’ tugs. The agreement was finalised on December 5, 2025, following a Letter of Intent issued on October 31, 2025. Each vessel will be 26 metres long with a 70-ton bollard…

December 8, 2025

MTAR Technologies Bags ₹194 Crore Order from MEIL for Nuclear Power Components

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Order Specifics Customer: MEIL (new for MTAR in this segment) Nature: Domestic supply of components Related-party status: No links; promoters have no interest in the awarding entity Scope: Component supply only, with no additional terms specified Company Background MTAR Technologies operates nine manufacturing units in Hyderabad, including an…

December 8, 2025

ICICI Prudential AMC IPO Opens on December 12, Prudential to Divest 10% Stake

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ICICI Prudential Asset Management Company (AMC) is set to launch its initial public offering (IPO) on December 12, 2025, according to news reports. The offering comes as British insurer Prudential plans to sell a 10% stake in the company. IPO Structure and Details The IPO is an entirely…

December 8, 2025

India Adds 31.25 GW of Non-Fossil Capacity; Odisha to Receive 1.5 Lakh Rooftop Solar Units

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India has achieved a significant milestone in renewable energy, adding 31.25 GW of non-fossil fuel capacity in FY 2025-26, with 24.28 GW coming from solar energy. This marks the country’s largest-ever annual expansion in non-fossil energy. National Renewable Energy Growth Union Minister of New and Renewable Energy, Shri…