Following the National Company Law Tribunal's approval of Vedanta Limited's demerger scheme, its shares hit a 52-week high of Rs 579.95. The demerger, which will result in four independent listed companies, aims to create focused, world-class entities aligned with India's growth ambitions. With this move, Vedanta group will now consist of five listed companies, each with the potential for growth and attracting strategic investments. Chairman Anil Agarwal sees this as a step towards sustainable growth and empowerment of leadership across all entities.
The Bihar State Power Generation Company Limited (BSPGCL) has signed Memorandums of Understanding (MoUs) with private developers to establish pumped storage power projects worth Rs 13,000 crore in Nawada district. This initiative, under the state's Pump Storage Project Promotion Policy, will add 2,120 MW of renewable energy to support grid stability. The move aligns with the Bihar government's plan to attract Rs 50 lakh crore for economic growth and job creation in the next five years.
The IPL 2026 auction saw Mumbai Indians and Punjab Kings making strategic moves as they retained key players and acquired new talent for the upcoming season. Notable retentions for Mumbai Indians included star players Rohit Sharma and Jasprit Bumrah, while Punjab Kings kept their core intact with the likes of Shreyas Iyer and Yuzvendra Chahal. Both teams also made smart signings in the auction, with Mumbai Indians adding promising players like Danish Malewar and Quinton de Kock while Punjab Kings brought in young talent like Arshdeep Singh and Harpreet Brar. Fans can expect an exciting season from these powerhouse franchises in the year 2026.
The Delhi High Court has ordered the Union Bank of India to explain their actions in declaring industrialist Anil Ambani's son's company's account as fraudulent without issuing a show cause notice or giving him an opportunity to respond. The Court has raised concerns over the violation of natural justice and will further hear the case on December 19. This move by the bank goes against the Supreme Court's decision in a similar case and has resulted in the CBI filing cases against the Ambani group companies for causing a loss of nearly ₹14,853 crores to the bank.
Punjab Kings made some strategic moves at the IPL 2026 mini auction in Abu Dhabi, securing the services of four players with a budget of Rs 11.50 crore. They used Rs 8 crore to sign two Australian all-rounders, Cooper Connolly and Ben Dwarshuis, aiming to fill the gap left by Glenn Maxwell's departure. The franchise also made a smart move by bringing back uncapped Indian spinner Pravin Dubey and signing another newcomer, Vishal Nishad, for Rs 30 lakh each.
At the IPL 2026 auction in Abu Dhabi, Chennai Super Kings secured a major deal by snapping up promising wicketkeeper Kartik Sharma for an eye-popping amount of ₹14.20 crore. The bidding war started at his base price of ₹30 lakh, but quickly escalated between CSK and Kolkata Knight Riders, eventually reaching the massive sum. The 19-year-old's impressive talents have made him one of the most sought-after players in the auction, as CSK makes a bold investment in his future.
Kirloskar Oil Engines, a Pune-based company, has secured a project sanction order for the development of a 6MW medium speed marine diesel engine, with majority funding from the central government. This win highlights the potential for indigenous content and self-reliance in marine engine development, a key focus for the Indian government. The engines will be used in Indian Navy and Indian Coast Guard ships, reducing the reliance on imports and making strides towards self-sufficiency in this sector.
In an effort to accelerate industrial development in Tamil Nadu, Chief Minister M K Stalin has spearheaded the 'TN Rising' Investors Conclave, resulting in the signing of 91 Memorandums of Understanding (MoUs) worth Rs 36,660.35 crore. This initiative has not only attracted significant investments but also created 56,766 job opportunities across the state. With a strong focus on upgrading the state's economy, Tamil Nadu continues to attract investments through its investment promotion and industrial expansion efforts, with the aim of becoming a USD 1 trillion economy by 2030.
Kolkata Metro authorities have announced the introduction of two new direct train services between Jai Hind Bimanbandar and Shahid Khudiram stations from December 15. This initiative is expected to benefit passengers traveling to and from Dum Dum airport, as well as those commuting to different parts of the city. With these experimental services, passengers will be able to travel seamlessly and conveniently from the airport to places such as Esplanade, Kalighat, and Mahanayak Uttam Kumar without changing trains.
A powerful storm in southern Brazil caused a 24-metre replica of the Statue of Liberty outside a Havan megastore in Guaíba to collapse onto a parking lot. Despite the intense winds, the incident resulted in no injuries or damage thanks to quick actions by store staff and proper safety protocols. The storm, which affected other cities in Rio Grande do Sul, warned residents through cell broadcast alerts and prompted responses from Defesa Civil.