TotalEnergies is reportedly set to offload a 1.5% stake in Adani Green Energy Ltd (AGEL) via block deals on Wednesday, December 10. The transaction involves selling approximately 2.47 crore shares at a floor price of Rs 970, potentially raising nearly Rs 2,400 crore. Jefferies is brokering the deal, which is subject to market conditions and...Read More
IndiGo faces a 10% flight cut by the government. This follows thousands of cancellations due to pilot shortages. The Directorate General of Civil Aviation mandated the reduction. Other airlines are asked to increase flights. Fare caps are in place for short-haul routes. IndiGo is working to improve operations and pilot capacity.Read More
Pine Labs’ Setu platform has launched an “agentic” bill-payment experience in India, aiming to automate bill tracking and settlement to reduce consumer friction. This new tool addresses concerns about incorrect charges and missed due dates by fetching bills, spotting anomalies, and managing payments within user-defined limits.Read More
Indian markets watched global cues as the S&P 500 closed lower. Investors braced for a hawkish stance from the US Federal Reserve even as a rate cut was expected. JPMorgan Chase’s forecast of higher expenses impacted the benchmark index. Meanwhile, Treasury yields rose, adding to market jitters ahead of the Fed’s policy update.Read More
Aditya Birla Renewables Limited (ABREN) secured up to ₹3,000 crore from Global Infrastructure Partners (GIP), now part of BlackRock. This significant investment values ABREN at approximately ₹14,600 crore and will fuel its expansion to over 10 GW of renewable energy capacity across India.Read More
RBI Governor Sanjay Malhotra met bank chief executives, emphasizing that rate cuts and technology adoption should lower costs and boost efficiency for sustainable growth and financial inclusion. He also urged banks to enhance digital fraud safeguards and improve customer service by reducing grievances and strengthening internal systems.Read More
The Reserve Bank of India is urging large business groups to consolidate their non-banking finance and investment companies. This move aims to simplify structures for better risk assessment and regulatory oversight. Groups with multiple NBFCs, especially those with overlapping businesses, are being advised to merge entities.Read More
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