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…
December 9, 2025
Market View 09th December, 2025
View on market: Volatility persists, eagerly searching for growth: US and European index futures were slightly higher during Asian trading hours, but Asian markets opened weaker. Investors remained cautious as concerns grew about how quickly the Federal Reserve will ease monetary policy after the expected rate cut this…
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…
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…