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TCS AI revenue reaches $1.5 billion

Tata Consultancy Services (TCS) has reported $1.5 billion in annual AI revenue, highlighting the growing demand for artificial intelligence services.

The company has successfully completed over 5,500 AI projects across various sectors, strengthening its position as a leading AI-driven technology provider. To support this growth, TCS is hiring specialized “AI-native” talent, investing in data centers, and pursuing strategic acquisitions.

These moves aim to expand its AI capabilities and integrate advanced technologies into client solutions globally. The disclosure marks TCS’s first separate reporting of AI revenue, underlining its commitment to AI-led transformation and digital innovation worldwide.

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Pajson Agro India lists at 5% premium

Pajson Agro India’s shares debuted on the BSE SME platform on December 18, 2025, listing at ₹124, a roughly 5% premium over its ₹118 IPO price, reflecting positive market reception.

The ₹74.45 crore IPO was subscribed about 6.5 times overall, with strong interest from qualified institutional buyers. Funds raised will support a new cashew processing facility in Vizianagaram, Andhra Pradesh, and general corporate purposes.

The moderate grey market premium (GMP) suggested a steady listing rather than a sharp pop, with post-listing performance likely tied to execution and margin sustainability

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Titagarh Rail bags ₹273 crore rail order

Titagarh Rail Systems has received a ₹273.24-crore order from Indian Railways for the supply of 62 Rail Borne Maintenance Vehicles (RBMVs), boosting investor interest in the stock.

The contract covers design, manufacturing, testing, commissioning, training of railway staff, and after-sales support, including maintenance and breakdown services.

Deliveries are scheduled over a 48-month period. The specialised self-propelled vehicles will be used for track inspection and maintenance, helping improve safety and efficiency across the rail network.

This is Titagarh Rail’s first major order in the maintenance and safety equipment segment, marking a strategic expansion beyond its core rolling stock business.

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Fiserv finalises StoneCastle acquisition

Fiserv has completed its acquisition of StoneCastle Cash Management, significantly enhancing its deposit and liquidity solutions for financial institutions.

The integration combines StoneCastle’s institutional deposit network with Fiserv’s core account processing, digital banking, and payment platforms, enabling banks to access broader funding options and improved cash management. The acquisition also supports digital asset services, including stablecoins and FIUSD solutions.

Regulatory approvals and customary closing conditions were met, and the deal aims to strengthen client relationships while providing innovative deposit liquidity alternatives for merchants. Financial terms of the acquisition were not disclosed.

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India gains edge as exports beat US tariffs

India’s exports to the United States rose over 22% in November, defying steep US tariffs imposed by the Trump administration.

Total exports reached their highest November level in a decade, easing fears of a tariff-driven slump. The rise gives India leverage in ongoing trade talks, reducing pressure to make immediate concessions.

Analysts say the resilient performance signals India’s economy can withstand trade tensions, potentially supporting calls to lower reciprocal duties.

This export growth strengthens New Delhi’s negotiating position with Washington amid stalled discussions on tariffs and trade barriers.

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NPS exit rules eased, subscribers can withdraw up to 80%

The Pension Fund Regulatory and Development Authority (PFRDA) has updated the National Pension System (NPS) rules for non-government subscribers.

Retirees can now withdraw up to 80% of their corpus as a lump sum at retirement, while only 20% must be used to buy an annuity. Those with savings of Rs 8 lakh or less can withdraw 100% without annuity, and mid-range savers can take partial lump sums.

A new Systematic Unit Redemption (SUR) option allows gradual withdrawals, and subscribers can defer annuity purchase up to age 85. The changes give retirees more flexibility and easier access to funds.

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SEBI gives a go-ahead to 7 companies for IPO Launch

Capital markets regulator SEBI has cleared the draft IPO papers of seven companies, moving them closer to listing on the stock exchanges.

The firms include Turtlemint Fintech Solutions, Yashoda Healthcare Services, Fusion CX, SFC Environmental Technologies, RSB Retail India, Orient Cables India and Lohia Corp. SEBI issued its observations on their draft prospectuses between December 8 and 12.

Receipt of these observations allows companies to file final offer documents and launch their public issues within the prescribed timeline. Details such as issue size, pricing and exact IPO launch dates will be announced separately by the companies.

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Urban Company shares fall 6% to record low

Urban Company shares slid nearly 6 percent to hit a record low after the three-month shareholder lock-in period ended. The expiry made around 4.15 crore shares, or about 3 percent of the company’s total equity, available for trading, leading to a sharp rise in supply.

This increase in tradable shares sparked selling pressure in the market. Urban Company, which provides home and personal care services through its app-based platform, had listed in September at a premium to its IPO price.

Since then, the stock has steadily lost ground as investor sentiment turned cautious following the lock-in expiry.

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Flipkart gets approval to shift base back to India

Flipkart has received approval from the National Company Law Tribunal (NCLT) to move its legal domicile from Singapore back to India, clearing an important hurdle ahead of its initial public offering (IPO).

The Walmart-owned e-commerce company had shifted its headquarters to Singapore in 2011 to attract global investors. With India’s capital markets deepening, Flipkart is now restructuring its corporate setup to enable a domestic listing.

The approval allows the company to begin the process of consolidating its overseas entities under an Indian holding company. While Flipkart has not announced an IPO timeline, the move signals strong intent to list in India.

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Bond market ignores RBI rate cut, PSUs pause

India’s bond market remained largely unresponsive to the Reserve Bank of India’s recent rate cut, keeping yields high and forcing public sector issuers to delay fundraisings.

Indian Railway Finance Corporation (IRFC) became the third PSU in a week to withdraw a bond issue due to weak investor appetite at expected pricing.

Earlier, Power Finance Corporation and SIDBI also shelved sales as bids came in higher than anticipated. Analysts say stress across the yield curve, global uncertainty, and subdued foreign inflows, rather than RBI easing, are driving the cautious market response.