Supreme Court rules non-compete fees as revenue expenditure, allowing tax deduction under IT Act 1961.
Sharp's 3 crore payment to L&T deemed not capital expenditure; ruling impacts corporate tax in mergers and JVs.
Source: CNBC TV18
Prakash Pipes declared a 10 dividend, ex-date set for Dec 24, 2025.
Recent returns are negative short-term; 5-year total return stands at 159.9%.
Source: Marketsmojo
MUFG's ₹39,620 crore acquisition of 20% in Shriram Finance highlights India's strong financial sector. Adani plans airport expansion and nuclear energy foray.
ICICI Prudential AMC gets bullish call with 34% upside. Krafton, Mirae Asset, and Naver launch ₹6,000 crore fund for Indian startups.
Source: CNBC TV18
Sumedha Fiscal Services hits a 52-week low of Rs.47 despite market rally.
Sensex approaches its 52-week high, contrasting sector underperformance.
Source: Marketsmojo
Rallis India's market evaluation revised due to financial and technical shifts.
The company faced subdued growth and underperformed broader market benchmarks.
Source: Marketsmojo
Fortis Healthcare to invest INR 840 Cr for 300 beds in Bengaluru.
Acquires 125-bed People Tree Hospital for INR 430 Cr; plans INR 410 Cr for upscaling.
Source: ScoutQuest
Infosys ADRs surged nearly 40% on NYSE due to a short squeeze, causing extreme volatility and triggering a trading halt under LULD rules.
The squeeze was driven by a sudden recall of lent shares, forcing short sellers to cover positions, creating a supply-demand imbalance.
Source: Livemint
Fortis Healthcare's subsidiary to acquire TMI Healthcare and hospital property in Bengaluru.
The INR 430 crore deal aligns with Fortis's goal to expand healthcare services.
Source: ScoutQuest
3i Infotech's Rs 14.14 crore penalty for AY 2013-14 deleted under Section 271G.
Outstanding demand reduced to NIL; appeal against penalty order remains pending.
Source: ScoutQuest
Belrise Industries unlocks 6.31 cr promoter and public shares on Dec 18, 2025.
Shares unlocked post lock-in removal approved after May 28, 2025 listing.
Source: ScoutQuest
Chhattisgarh ACB/EOW arrested SBI chief manager for siphoning ₹2.78 crore from an internal account for high-risk trading.
Source: The Times of India
India saw major financial deals in 2025, including MUFG's Rs 39,618 crore stake in Shriram Finance and Emirates NBD's Rs 26,853 crore stake in RBL Bank.
Other notable deals: SMBC-YES Bank (Rs 13,483 crore), Blackstone-Federal Bank (Rs 6,196 crore), and Allianz's Rs 24,180 crore exit from Bajaj Finserv.
Source: News18
Shriram Finance may see 15-30 bps cost reduction post MUFG's ₹39,618 crore investment.
MUFG's ₹39,618 crore investment secures a 20% stake in Shriram Finance.
Source: Business Standard
Vedant Fashions to hold a virtual one-on-one investor/analyst meet on Dec 24, 2025.
No unpublished price-sensitive info will be shared; discussions based on public data.
Source: BSE
Reliance Industries' subsidiary Abraham Thakore Pvt Ltd issued equity rights to founders.
Founders hold 50.9% voting rights; Abraham Thakore is no longer a Reliance subsidiary.
Source: ScoutQuest
IIFL Finance appoints ex-RBI Dy. Governor, Bibhu Prasad Kanungo, as Board Chair effective Dec 19, 2025.
Company increases borrowing limit to ₹60,000 Cr and pays ₹1.47 Cr in taxes after IT search compliance.
Source: BSE
Medplus promoters pledged 48.5L shares (4.05% of total) on Dec 16, 2025.
Pledge may rise to 28% but expected to reduce to 24.5% post refinancing.
Source: ScoutQuest
Leela Palaces Hotels & Resorts Ltd has incorporated a wholly-owned subsidiary, Leela Nirvana Resorts Pvt Ltd.
Leela Nirvana aims to develop luxury hotels under 'The Leela' brand and is yet to commence operations.
Source: BSE
ESAF Small Finance Bank received RBI communication on a Revised Scheme of Arrangement by its promoter company.
The Bank clarified it is not a party to the scheme, which affects promoter shareholding and dilution milestones.
Source: BSE
Piramal Consumer Healthcare targets $200M revenue by FY30 through growth strategies.
Focus on power brands like Lacto Calamine and Little's with innovations and expansion.
Source: The Hindu BusinessLine
Go Digit General Insurance's board approves merger with Go Digit Infoworks, pending regulatory and shareholder nods.
Post-merger, promoter shareholding to rise marginally by 0.03%; aims for scalable growth and regulatory alignment.
Source: ScoutQuest
Indowind Energy's rights issue of 3.22 crore shares at Rs. 10/share listed on NSE and BSE.
Trading of these shares begins from December 22, 2025, under the symbol 'INDOWIND'.
Source: BSE
Suditi Industries' board approved raising authorised capital from Rs 60Cr to Rs 70Cr.
Plans include raising Rs 58.87Cr via preferential issue and full stake acquisition in subsidiary.
Source: ScoutQuest
Suditi Industries Ltd approves acquiring 50% stake in SAA Suditi Retail Pvt Ltd.
The acquisition, at Rs. 5,000/share in cash, makes it wholly owned.
Source: ScoutQuest
India Ratings downgraded Reliance Infrastructure's bank loan facilities to IND C from IND B/Stable.
The downgrade follows ED's lien on INR778.6M bank accounts and attached properties worth INR6,690M amid ongoing investigations.
Source: BSE
Delhi HC quashes Union Bank's 'fraud' tag on Jai Anmol Ambani-linked firm, citing lack of due process.
Union Bank can reissue a valid notice; CBI alleges fraud of ₹228.06 cr involving Anil Ambani group.
Source: CNBC TV18
Cummins India secures ₹210.3 crore tax relief in ITAT ruling for FY17-18.
Shares closed at ₹4,402.3, up 0.39% on BSE; company evaluating order impact.
Source: CNBC TV 18
Excelsoft Technologies withdrew ₹300 Cr corporate guarantee for promoter's NCDs by Dec 19, 2025.
Lien on ₹165 Cr fixed deposit released; contingent liability reduced to ₹3.4 Cr.
Source: ScoutQuest
Kajaria Ceramics reports fraud in its step-down subsidiary, KBPL.
KBPL filed a police complaint and terminated Dilip Kumar Maliwal's service.
Source: Business Standard
SEBI reduces mutual fund expense ratios by 10-15 bps under new 2026 regulations.
Changes include a clearer Base Expense Ratio framework, benefiting long-term investors.
Source: Business Standard
Spandana Sphoorty Financial's credit rating by CARE Ratings reaffirmed as CARE BBB/Stable for various instruments.
Company's CRAR is 36.5%, but asset quality remains weak with 6.2% GS3 assets and net loss of ₹609 crore in H1FY26.
Source: BSE
Infosys ADR trading on NYSE paused due to significant price surge.
Source: ScoutQuest
Infosys ADR has surged over 40%, showcasing strong performance.
Source: ScoutQuest
Orissa Minerals Development's Q2 EBITDA rose to 251M from 234M YoY.
EBITDA margin remained steady at 28.7%, reflecting consistent profitability.
Source: Livesquawk
Orissa Minerals Development Co. Ltd. released unaudited financial results for Q2FY25; mining operations suspended for key mines.
Out of 284.17 acres, 222.375 acres are not in the company's name, with 41.766 acres encroached.
Source: BSE
Orissa Minerals Q2 results reviewed; mining halted at two mines due to clearance issues.
Bagiaburu Iron Mines resumed operations on Dec 14, 2023; concerns on land ownership, stock assessment.
Source: ScoutQuest
LIC Chief states new insurance bill will drive sector growth.
The bill aims to increase competition, accessibility, and affordability of policies.
Source: The Economic Times
Shriram Finance's board approves raising Rs 39,617 cr from MUFG Bank.
The decision was made during a meeting held on 19 December 2025.
Source: Business Standard
Tata Steel and SAIL face margin pressures as domestic steel prices fall 5% while input costs like coking coal rise 7%. Demand grows but supply surplus caps price hikes.
Post-2030, Tata Steel's iron ore lease expirations may risk 20-40% of EBITDA. Steelmakers' expansion plans and carbon-linked costs add further stress.
Source: Financial Express
NLC India's JV began mining at Pachwara South coal block on Dec 19, 2025.
The block, with 264.8M tonnes reserves, supports 3x660 MW Ghatampur plant.
Source: ScoutQuest
Indian Overseas Bank disclosed under SEBI's Insider Trading Regulations.
Promoters' equity share sale details shared with BSE and NSE.
Source: BSE
HCL Infosystems faces a GST demand of ₹4.38 Cr for FY22 due to reporting mismatches.
The demand includes tax ₹2.27 Cr, interest ₹1.89 Cr, penalty ₹0.22 Cr; company contests it citing timing differences.
Source: ScoutQuest
Bank of Baroda receives $29.4M from liquidator, boosting liquidity.
Source: Livesquawk
Bank of Baroda received $29.4M as interim distribution from India International Bank Malaysia's voluntary liquidation.
The bank holds a 40% stake in the joint venture, and funds represent capital repatriation.
Source: ScoutQuest
CRISIL upgraded Rajshree Sugars & Chemicals' rating from B to BB.
The upgrade reflects timely servicing of all debt obligations by the company.
Source: ScoutQuest
Sudeep Pharma's Q2 EBITDA dropped to ₹555M from ₹635M YoY.
EBITDA margin declined to 34.1% from 42.7% YoY.
Source: Livesquawk
Bombay High Court ruled in favor of Dish TV in a CENVAT credit case.
GST Authority's appeal was rejected, potentially boosting Dish TV's financials.
Source: Livesquawk
RITES Ltd signed an MoU with Botswana Govt for transport infrastructure modernization.
Focus areas include railways, highways, airports, capacity building, and advanced IT solutions.
Source: ScoutQuest
Cummins India gains a tax relief of 2.1 billion rupees.
This relief is anticipated to strengthen its financial position.
Source: Livesquawk
ITAT ruled favorably for Cummins India on FY 2017-18 tax adjustments of ₹210.3 Cr.
₹13.1 Cr sent for revalidation, ₹0.5 Cr disallowance upheld; analysis ongoing.
Source: ScoutQuest
