British insurer Prudential has sold a 4.5% stake in ICICI Prudential Asset Management Company (ICICI Pru AMC) for ₹4,900 crore (approximately $545 million), according to media reports. The stake sale comes just days before the fund manager’s highly anticipated $1.2 billion IPO, which opens on December 12, 2025.…
Global technology giants are accelerating their India play, announcing a combined ₹6.12 lakh crore in investment commitments over the past few weeks—most of it directed towards artificial intelligence (AI) infrastructure and capability building. On December 9, 2025, Microsoft CEO Satya Nadella unveiled a $17.5 billion investment over the…
Petronet LNG has signed a ₹12,000 crore loan agreement with a consortium led by the State Bank of India and Bank of Baroda, with each bank contributing ₹6,000 crore. According to the company’s filing dated December 10, 2025, the facility is a secured rupee term loan earmarked for…
Lloyds Metals and Energy Limited (LMEL) and Tata Steel Limited have signed a non-binding memorandum of understanding (MoU) to jointly explore collaboration opportunities across mining, logistics, pelletisation and steelmaking, according to exchange filings. Scope of Collaboration The MoU outlines a framework for both companies to assess synergies in…
US President Donald Trump has unveiled the “gold card” visa, a new residency pathway that officially replaces the long-standing EB-5 investor visa. Announced on December 10, 2025, the programme aims to attract wealthy global applicants while generating direct revenue for the US Treasury. Gold Card Visa: Key Features…
Puravankara Limited has expanded its project pipeline with a major construction mandate awarded to its wholly owned subsidiary, Starworth Infrastructure & Construction Limited (SICL). The contract marks a key milestone for the One Bangalore Luxury Project (OBLP), with Phase 1 of the Varnam development now moving into the…
Life Insurance Corporation of India (LIC) has received a GST demand exceeding ₹2,370 crore from the Maharashtra State Tax Department. The notice, issued by the Deputy Commissioner of State Tax in Chembur, was received on December 10, 2025, and pertains to assessments for FY 2021–22 to FY 2023–24.…
Tata Steel has approved the acquisition of a 50.01% stake in Thriveni Pellets Pvt Ltd (TPPL) from Thriveni Earthmovers Pvt Ltd for up to ₹636 crore. The deal covers 90,06,801 equity shares of ₹10 each, with the final payment subject to closing adjustments. The transaction is expected to…
The Reserve Bank of India has released a draft circular proposing enhanced transparency norms to provide retail users with complete clarity on the actual costs involved in foreign exchange transactions. The move is aimed at strengthening pricing transparency across India’s forex market. Detailed Cost Disclosure Framework Under the…
Meesho Limited has made a substantial infusion into its wholly owned subsidiary, Meesho Technologies Private Limited (MTPL), through a rights issue. The disclosure, filed under Regulation 30 of SEBI Listing Regulations, is in line with the utilisation plans outlined in the company’s prospectus dated December 5, 2025. Rights…