Category: 1 Minute-Read

Categories
1 Minute-Read

MUFG nears $3.2 billion deal for 20% of Shriram Finance

Japanese banking powerhouse Mitsubishi UFJ Financial Group (MUFG) is reportedly close to securing a significant stake in Shriram Finance, one of India’s leading non‑bank financial companies.

The investment, estimated at over 500 billion yen ($3.2 billion), would give MUFG roughly 20% ownership, enhancing its foothold in India’s growing credit market.

Negotiations are advanced, though final terms are yet to be confirmed. Shriram Finance, known for loans to vehicles, small businesses, and consumers, saw a rise in its share prices on the news, reflecting investor optimism over the potential strategic partnership and capital inflow.

Categories
1 Minute-Read

ICICI AMC IPO gets 1.5× subscription in 2 days

The ICICI Prudential AMC IPO opened on December 12 with a price band of ₹2,061–₹2,165 per share, raising Rs 10,602 crore through an offer-for-sale by existing shareholders.

By Day 2, the issue was 1.5 times subscribed, led by strong institutional demand, while retail participation remained moderate. The grey market premium stands at around 12%, indicating positive listing sentiment.

Allotment is scheduled for December 17, and the shares are expected to debut on stock exchanges on December 19. Analysts highlight the firm’s market leadership, consistent financial performance, and long-term growth potential despite rich valuations.

Categories
1 Minute-Read

Vodafone Idea may get 4–5 years to pay AGR dues

The government is set to offer Vodafone Idea (Vi) a major breather by proposing a four- to five-year moratorium on its ₹83,000 crore AGR dues.

The plan, awaiting Cabinet approval, could see Vi paying around half of the total liabilities after a reassessment, with the balance cleared through structured instalments.

The interest-free window and potential reduction aim to ease the telco’s financial stress and help it remain competitive in India’s tough telecom market. The move signals a strategic effort to support Vi and ensure stability in the sector.

Categories
1 Minute-Read

KV Toys India shares list 34% higher

Shares of KV Toys India made a strong debut on the BSE SME platform, listing at Rs 320 per share, a 34 percent premium over its IPO price of Rs 239.

The positive opening gave investors healthy listing gains. However, the stock soon saw some profit-booking and slipped to around Rs 304 in early trade.

At this price, the company’s market capitalisation stood at about Rs 191 crore. While the debut was encouraging, the listing gain was lower than grey market expectations ahead of the IPO.

Categories
1 Minute-Read

IndiGo to pay ₹5 billion after flight cancellations

India’s IndiGo airline will pay over ₹5 billion ($55 million) to passengers affected by mass flight cancellations earlier this month.

Around 4,500 flights were cancelled between December 3–5 due to staffing shortages and challenges in complying with new pilot duty and rest regulations.

Tens of thousands of travelers faced disruptions, prompting the aviation regulator to cut IndiGo’s domestic winter schedule by 10 per cent. The airline said it will prioritise compensating passengers whose flights were cancelled within 24 hours of departure.

The disruptions have impacted IndiGo’s operational capacity and revenue projections, while it works to stabilise schedules and prevent further cancellations.

Categories
1 Minute-Read

Corona Remedies lists at 38% premium on debut

Corona Remedies made a strong debut on Dalal Street on Monday, December 15, 2025, with shares opening at ₹1,470 on NSE and ₹1,452 on BSE, against the IPO price of ₹1,062, marking a 38% listing gain.

The ₹655-crore IPO, fully an offer-for-sale, was heavily oversubscribed, reflecting robust investor interest. Grey market data had also suggested strong demand ahead of listing.

The Gujarat-based pharma firm specializes in women’s healthcare and cardiometabolic medicines. Early trading showed sustained gains, indicating positive market sentiment for the stock.

Categories
1 Minute-Read

Nvidia may boost H200 chip output

Nvidia is considering increasing production of its H200 artificial intelligence chips amid strong demand from Chinese technology companies, including Alibaba and ByteDance, according to a media report.

Interest in the chips has picked up after the United States allowed their export to China under certain conditions and fees. The H200 chips are used for advanced AI computing and data centres.

However, Nvidia’s current output is limited as it focuses more on its next-generation chips. Any production increase would also depend on regulatory approvals and supply chain capacity, as Chinese firms look to secure more high-performance AI hardware.

Categories
1 Minute-Read

boAt financial gaps raise concerns before IPO

Auditors of consumer electronics brand boAt have highlighted differences between the company’s financial statements submitted to lenders and its internal records for 2023–2025.

The review also noted possible misuse of short-term funds for long-term purposes in subsidiaries and some unreported overseas transactions. boAt has begun addressing these issues by revising its filings and improving disclosures.

The findings come as the company prepares for a proposed IPO, planning to raise around ₹1,500 crore. While the discrepancies have drawn regulatory attention, boAt aims to resolve them before entering the market, ensuring investor confidence.

Categories
1 Minute-Read

Disney and OpenAI deal brings iconic characters to Sora

Disney and OpenAI have signed a major three-year agreement that will allow fans to create short AI-generated videos featuring more than 200 characters from Disney, Marvel, Pixar and Star Wars using OpenAI’s video model, Sora.

Disney will invest $1 billion in OpenAI and also use its technology to develop new products and improve Disney+ services. The partnership includes strict safeguards: no real actor voices or likenesses will be used.

Some user-created clips may be showcased on Disney+. The feature will launch in early 2026, marking one of the biggest collaborations between Hollywood and generative AI.

Categories
1 Minute-Read

IndiGo offers Rs 10,000 vouchers to passengers

IndiGo will issue Rs 10,000 travel vouchers to passengers severely affected by flight delays and cancellations between December 3 and 5.

The vouchers, valid for 12 months, can be used on any IndiGo flight. This offer is in addition to government-mandated compensation, which ranges from Rs 5,000 to Rs 10,000 for cancellations made less than 24 hours before departure.

Refunds for most cancelled flights have already been processed. IndiGo has gradually restored normal flight operations and said the vouchers are intended to rebuild trust and compensate customers impacted by the disruptions.