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…
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…
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…
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…
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…