Bajaj Finserv has released premium collection data for November 2025, showing strong performance across its general insurance and life insurance businesses. The figures were submitted to the Insurance Regulatory and Development Authority of India (IRDAI) and respective insurance councils. General Insurance Performance Bajaj General Insurance Limited recorded a…
Apollo Micro Systems Limited (AMS) has signed a Memorandum of Understanding with the Government of Telangana for a greenfield defence manufacturing project valued at ₹1,500 crore. The agreement was signed on December 8, 2025. Project Overview The planned facility will focus on the following areas: Manufacturing and filling…
Physicswallah Limited has announced that its Board of Directors has approved the deletion of Part B from the company’s Articles of Association. The proposed change will be implemented following approval from shareholders and completion of required regulatory processes. Reason for the Amendment The decision follows the termination of…
Fujiyama Power and Physicswallah released their Q2FY26 financial performance, reporting growth across key metrics on a year-on-year basis. Fujiyama Power Q2FY26 Results Fujiyama Power reported a 72.6% increase in revenue, reaching ₹567.9 crore compared to ₹329.1 crore in the same quarter last year. The company's EBITDA rose 105.4%…
Swiggy has received shareholder approval to raise ₹10,000 crore through a Qualified Institutional Placement (QIP), marking the company’s first major fundraise since its public listing in 2024. The company is preparing to initiate the capital raise shortly. Details of the Capital Raise Item Information Fundraising Method Qualified Institutional…
Welspun CorpIts subsidiary has secured a ₹1,165 crore contract from the Saudi Water Authority for the supply of steel pipes. Shriram FinanceBoard approves the allotment of 7,500 NCDs to raise ₹150 crore, including a ₹100 crore green shoe option. ICICI BankExecutes a share purchase agreement to acquire a…
Real estate developer Omaxe Limited has successfully completed the early repayment of more than ₹700 crore to Samman Capital (formerly Indiabulls Housing Finance), marking a significant milestone in its financial restructuring and debt reduction strategy. The repayment was made entirely from project-driven cash flows, signalling improved operational performance…
India’s passenger vehicle (PV) retail market recorded strong momentum in November, with sales rising 20% year-on-year, according to data released by the Federation of Automobile Dealers Associations (FADA). The growth trend continued even after the festive season, highlighting sustained consumer demand. FADA President C. S. Vigneshwar noted a…
December 8, 2025
Insurance Ombudsman Empowered to Award Up to ₹20 Lakh Compensation to Policyholders
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…
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…
