Corporate

According to Reliance, petroleum exploration is inherently risky, with private operators bearing the entire financial burden.

Updated : Dec 27, 2025

Reliance’s $247 million KG-D6 liability likely to be settled in 2026 after 13 years

The final ruling on the arbitration between the Government of India and Reliance Industries Limited (RIL) over the KG-D6 deepwater gas block is expected by early 2026, which will determine whether Reliance must pay the $247 million claim or whether it will be allowed to fully recover its approved costs.

Jet Airways flew its last flight on April 17, 2019, from Amritsar to Mumbai, concluding nearly 25 years of operations and impacting over 20,000 employees.

Updated : Dec 27, 2025

Totally grounded: NCLT bars Rs 370 cr refund as Jet Airways enters final liquidation phase

Earlier this week, the National Company Law Tribunal (NCLT), Mumbai, rejected a plea by the Jalan-Kalrock consortium seeking a refund of over Rs 370 crore infused during the insolvency proceedings of Jet Airways Ltd. In an order dated December 15, the tribunal ruled that the amount does not qualify as Corporate Insolvency Resolution Process (CIRP) costs and therefore cannot be returned to the consortium.

Until now, India did not have a dedicated national framework to objectively evaluate the performance and safety of such equipment.

Updated : Dec 27, 2025

Central govt notifies new Indian standard for bomb disposal systems

International standards related to bomb disposal systems are either restricted in access or not fully aligned with Indian threat profiles, munitions and operating conditions. The absence of a dedicated Indian Standard created a gap in uniform testing, certification and procurement of bomb disposal equipment, necessitating the development of a domestic benchmark.

Punjab National Bank’s provisions as of the September quarter stood at Rs 643 crore, marking an increase both year-on-year and quarter-on-quarter.

Updated : Dec 26, 2025

PNB flags over Rs 2,400 crore loan fraud tied to SREI accounts, makes full provision

The fraudulent exposure includes a loan account of Rs 1,241 crore for SREI Equipment Finance and Rs 1,193 crore for SREI Infrastructure Finance, according to the stock exchange filing.

Both Renault and JSW MG Motor account for 1% market share each in India's 4 million passenger vehicle market.

Updated : Dec 26, 2025

Renault India to hike car prices starting January 2026

The price hike comes days after JSW MG Motor India said it will raise prices by up to 2% with effect from January 2026 due to rising input costs.

Ola Electric, which sold 4,07,701 EVs in the calendar year 2024, recorded registrations of 1,96,767 units as of December 26, 2025, the VAHAN data shows.

Updated : Dec 26, 2025

Ola Electric’s EV sales halve in 2025, recording registrations of 1,96,767 units

TVS Motor Company dethroned Ola Electric as the biggest electric two-wheeler manufacturer in 2025 by selling 2,95,315 units. Bajaj Auto stood second with sales of 2,66,919 units.

The deal is expected to immediately scale Coforge’s HiTech and Healthcare verticals, with each projected to achieve a $170 million run-rate.

Updated : Dec 26, 2025

Coforge to acquire AI firm Encora in $2.35 billion deal to boost US, AI-led services play

The equity value of $1.89 billion will be funded via the issue of preference shares, giving Encora’s shareholders a 20% stake in Coforge. The remaining consideration will be met through a bridge loan or a qualified institutional placement (QIP) to repay Encora’s existing term loan.

In a regulatory filing on December 25, Tata Steel said Stichting Frisse Wind has moved the District Court of North Holland in Haarlem against Tata Steel Nederland BV and Tata Steel IJmuiden BV.

Updated : Dec 26, 2025

Tata Steel’s Netherlands arm faces $1.6 billion fine over alleged environmental damage

Tata Steel has strongly contested the allegations, saying the claims are speculative and unsupported by evidence. The company noted that no exhibits from Stichting Frisse Wind have been received so far and maintained that the assertions lack a factual basis.

He remarked on the diverse group of individuals that came together to witness the historic event, symbolising India’s forward-moving spirit.

Updated : Dec 25, 2025

Gautam Adani welcomes first passengers at the launch of Navi Mumbai International Airport

With an initial capacity to handle 20 million passengers annually, the airport is expected to grow to 90 million passengers per year upon completion. It will also feature world-class cargo facilities, boosting logistics and contributing to regional economic growth.

Samsung, which operates its largest smartphone manufacturing facility in the world in Noida, is now focusing on further expanding its manufacturing footprint in India.

Updated : Dec 25, 2025

Not going the LG way: Samsung rules out India IPO, shifts focus to AI and consumer finance

While other South Korean companies, such as Hyundai Motor India and LG Electronics, have tapped public markets to raise capital, Samsung continues to prioritise internal growth over market-funded expansion.

AI push drives Infosys to offer freshers packages as high as Rs 21 lakh

Updated : Dec 25, 2025

Christmas bonanza! Infosys hikes fresher pay to Rs 21 lakh for specialised tech roles - Report

The move places Infosys at the top of the entry-level pay ladder among Indian IT firms, particularly for niche technology roles

Shares of IndusInd Bank closed at Rs 848.25, down by 0.05%.

Updated : Dec 24, 2025

SFIO launches probe into IndusInd Bank over accounting and derivative issues

According to the filing, the inquiry relates to issues the bank had previously disclosed, including the accounting treatment of internal derivative trades, unexplained balances reflected under “other assets” and “other liabilities,” and certain concerns linked to interest and fee income from its microfinance business.

By enabling passengers to place their meal orders in advance, the service helps them manage their time more efficiently and avoid last-minute rushes.(AI generated image)

Updated : Dec 24, 2025

No more wait for airport food: EaseMyTrip partners with Hoi to offer pre-booked airport meals

The initiative seeks to address one of the most common pain points for air travellers—long queues at airport food courts, especially during peak travel hours.

The industry has been seeking a separate authority to regulate the nuclear power tariff and that the tariff discovery should be through competitive bidding.

Updated : Dec 24, 2025

SHANTI Act: Industry wants competitive bidding for nuclear power tariff

The Shanti Act allows the Central Government to fix the tariff for electricity from nuclear power plants while there is an industry demand of tariff be decided through competitive bidding

Pakistan sells PIA: Loss-making national carrier sold

Updated : Dec 24, 2025

Pakistan sells its loss-making national airline - who bought it and the debt involved

The winning bidder will initially acquire a 75% stake in PIA but will have 90 days to purchase the remaining 25%

The statement said Robin Raina has initiated several legal proceedings against Eraaya Lifespaces, Vikas Garg and entities controlled by him.

Updated : Dec 23, 2025

Robin Raina issues clarification, says Eraaya Lifespaces misrepresented SC order

In a statement released on Tuesday, Raina said Eraaya has been misrepresenting a Supreme Court order to suggest that the court ruled against him on the merits of his ownership and contractual claims.

Since inception, HDFC's initiatives have impacted 10.56 crore lives across 28 states and eight UTs

Updated : Dec 23, 2025

HDFC Bank declares spending Rs 1,068.03 crore on CSR activities in FY25

With the latest outlay, HDFC Bank’s cumulative CSR investment reached Rs 6,176 crore as of March 31, 2025. Since inception, its initiatives have impacted 10.56 crore lives across 28 states and eight Union Territories, reflecting the scale and geographic spread of its interventions.

As part of its US strategy, Lupin has announced plans to invest $250 million over five years in a new inhalation manufacturing facility in Coral Springs, Florida.

Updated : Dec 22, 2025

Lupin doubles down on complex drugs to extend growth run

Vinita Gupta, CEO at Lupin told Business Today that the company’s strategy is centred on high-barrier products, operational efficiency and selective expansion across key markets.

The company added that its initial 1-GW renewable energy project in India has already begun supplying clean power to AMNS India earlier this year.

Updated : Dec 22, 2025

ArcelorMittal to invest $0.9 billion in new clean energy projects, double India renewables to 2 GW

The projects, to be developed across Maharashtra, Rajasthan and Gujarat, will add a combined 1 GW of nominal solar and wind energy capacity, the global steel major said in a statement. Once completed, ArcelorMittal’s total renewable energy capacity worldwide will rise to 3.3 GW.

December travel meltdown: IndiGo broadens ₹10,000 compensation window for affected flyers

Updated : Dec 22, 2025

IndiGo extends Rs 10,000 vouchers to more flyers: Who gets it, how passengers can redeem it

The vouchers form part of what the airline has described as a ‘gesture of care’ for customers who experienced prolonged inconvenience

As part of the deal, MUFG will have the right to appoint two nominee directors to the board of Shriram Finance, giving it a significant strategic presence in the company.

Updated : Dec 19, 2025

Uday Kotak flags strategic question as Japan's MUFG makes ₹39,620-cr bet on Shriram Finance

The Shriram Finance deal is the latest in a series of large Japanese investments in India’s financial services sector. With MUFG’s investment, India’s financial sector has seen deals worth over $11 billion in 2025 so far, spanning both banks and non-bank lenders.

Corporate

Reliance’s $247 million KG-D6 liability likely to be settled in 2026 after 13 years

Totally grounded: NCLT bars Rs 370 cr refund as Jet Airways enters final liquidation phase

Central govt notifies new Indian standard for bomb disposal systems

PNB flags over Rs 2,400 crore loan fraud tied to SREI accounts, makes full provision

Renault India to hike car prices starting January 2026

Ola Electric’s EV sales halve in 2025, recording registrations of 1,96,767 units

Coforge to acquire AI firm Encora in $2.35 billion deal to boost US, AI-led services play

Tata Steel’s Netherlands arm faces $1.6 billion fine over alleged environmental damage

Gautam Adani welcomes first passengers at the launch of Navi Mumbai International Airport

Not going the LG way: Samsung rules out India IPO, shifts focus to AI and consumer finance

Christmas bonanza! Infosys hikes fresher pay to Rs 21 lakh for specialised tech roles - Report

SFIO launches probe into IndusInd Bank over accounting and derivative issues

No more wait for airport food: EaseMyTrip partners with Hoi to offer pre-booked airport meals

SHANTI Act: Industry wants competitive bidding for nuclear power tariff

Pakistan sells its loss-making national airline - who bought it and the debt involved

Robin Raina issues clarification, says Eraaya Lifespaces misrepresented SC order

HDFC Bank declares spending Rs 1,068.03 crore on CSR activities in FY25

Lupin doubles down on complex drugs to extend growth run

ArcelorMittal to invest $0.9 billion in new clean energy projects, double India renewables to 2 GW

IndiGo extends Rs 10,000 vouchers to more flyers: Who gets it, how passengers can redeem it

Uday Kotak flags strategic question as Japan's MUFG makes ₹39,620-cr bet on Shriram Finance

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