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…
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…
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…
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…
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…