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Sun Pharma says it will not sell semaglutide drugs in India until Novo Nordisk patent expires
Novo Nordisk and Sun Pharma clashed in the Delhi High Court over semaglutide, with Sun Pharma agreeing not to sell in India until the patent expires in March 2026 but continuing exports.
Zaggle aims to issue 1 million credit cards in 5 years after Rio acquisition
Zaggle plans to issue up to one million credit cards over the next five years after acquiring Rio, the co-branded card platform with Yes Bank. Founder Raj P Narayanam expects the rebranded payments business to deliver ₹500 crore in revenue and over ₹50 crore EBITDA through the expansion period.
Zaggle Prepaid Ocean Services enters five-year referral agreement with Mastercard Asia Pacific
Under the agreement, Zaggle will offer Mastercard credit cards and other solutions to its customers and prospects. As part of the arrangement, the company will receive additional spend-linked incentives. Shares of Zaggle Prepaid Ocean Services Ltd ended at ₹347.80, up by ₹8.50, or 2.51%, on the BSE.
A perfect storm: The five factors that crashed IndiGo’s operations
Although IndiGo’s data for November showed a healthy pilot roster and normal flight operations, internal lapses in preparing for the new FDTL Phase 2 norms created a hidden vulnerability. Once tighter rest rules, rising fatigue reports and crew-accommodation bottlenecks converged, routine delays quickly snowballed into large-scale cancellations across the network.
CBI files FIRs against RHFL, RCFL and connected individuals in bank fraud cases
CBI has filed separate FIRs against Reliance Home Finance and Reliance Commercial Finance over alleged diversion of funds and bank fraud causing losses exceeding ₹285 crore.
Top Stories | IndiGo CEO issues apology, Microsoft’s $17.5 bln India bet, markets rebound off lows and more
Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.
GQG Partners sells nearly 1% stake in JSW Energy for ₹677 crore via block deal
Following the transaction, GQG Partners’ holding in JSW Energy was 1.8% as of the end of September 2025. Shares of JSW Energy Ltd ended at ₹452.25, down by ₹1.60, or 0.35%, on the BSE.
HG Infra Engineering's ₹220-cr GST case for FY23 closed with nil demand
Last month, HG Infra Engineering said it had secured a ₹274.11 crore order from DLF Cyber City Developers Limited. Shares of HG Infra Engineering Ltd ended at ₹763.50, down by ₹30.95, or 3.90%, on the BSE today, December 9.
Aviation Ministry orders IndiGo to cut winter schedule by 10% after “abnormal” nationwide disruptions
The Aviation Ministry ordered IndiGo to cut its winter schedule by at least 10% after widespread cancellations, citing poor resource management and summoning the airline’s CEO for explanations.
Cement industry to record 9% volume growth in FY26: Crisil Intelligence
Crisil Intelligence reports Indian cement industry volume to grow 8-9 percent in H2 FY26, with margins up 250-300 bps, aided by GST cut, premiumisation, and stable costs.
HUDCO to raise up to ₹2,500 crore via NCD issue on December 12
This follows the approval granted by the board to raise funds up to ₹65,000 crore through the issue of bonds and debentures during FY2025-26. The proposed fresh Series-E 2025 NCDs will have a tenure of 7 years, with the redemption date fixed as December 12, 2032. Shares of Housing & Urban Development Corporation Ltd ended at ₹213.70, up by ₹0.91, or 0.43%, on the BSE today, December 9.
NALCO board okays 25-year bauxite mining contract to Dilip Buildcon at ₹423/tonne
The NALCO board approved the base mining charges at ₹423 per tonne for the project. The contract period has been fixed for 25 years. Shares of National Aluminium Co Ltd ended at ₹265, down by ₹3.35, or 1.25%, on the BSE. Dilip Buildcon shares ended 5.36% in the green at ₹465.95 apiece.
Highway Infrastructure wins ₹329 crore NHAI tolling contract in Andhra Pradesh
The Letter of Acceptance (LoA), issued on Dec 9, covers toll operations across an 82.5-km segment between km 355 and km 437.5, one of the busiest stretches connecting northern Andhra Pradesh with key industrial and port clusters further south. The contract was awarded through a competitive e-tender process.
Zydus Life unit partners with Formycon to supply immunotherapy drug Keytruda biosimilar in US, Canada
\Formycon AG will be responsible for the development, registration, manufacture and supply of the product. Zydus Lifesciences Global FZE, United Arab Emirates, will handle the commercialisation of FYB206 in the defined territories of the US and Canada. Shares of Zydus Lifesciences Ltd ended at ₹920, down by ₹4.60, or 0.50%, on the BSE today, December 9.
Swiggy launches ₹10,000 crore QIP at an indicative price of ₹371 per share
According to multiple people familiar with the development, the indicative floor price for the QIP has been set at ₹371 per share, representing a discount of 6.8% to the last closing price of ₹398.05.
India's solar PC modules' exports rise 30.7% in 1st half of FY26, US alone accounts for most rise
India’s solar module exports rose 30.7% in April-October 2025, driven almost entirely by US demand, with emerging traction in new secondary markets across Asia, Africa, and beyond.
Novo Nordisk moves Delhi High Court to block Sun Pharma’s semaglutide launch
Novo Nordisk has intensified its legal push in India by filing a plea against Sun Pharma, seeking to delay competition in the fast-growing semaglutide market as patent expiry nears.
PL Capital explains how private and public life insurers dove November growth
India’s life insurance industry saw strong growth in November 2025, led by LIC and private insurers like SBI Life, HDFC Life, and Axis Max Life, with robust gains in APE and NBP segments.
SEPC-Furlong JV bags ₹86-crore contract for Patna's Bihta Airport project
The scope of the project includes engineering, procurement and construction work for a new integrated terminal building, construction of a utility building and associated structures, and execution of an elevated road. Shares of SEPC Ltd ended at ₹8.97, up by ₹0.050, or 0.56%, on the BSE today, December 9 .
One out of five shopping centres vacant over 40% across 32 cities: Knight Frank
Across 365 shopping centres surveyed, as many as 74 have been classified as ghost assets, representing 15.5 million square feet (mn sq ft) of area.
LIC delays health insurance push as focus shifts to government’s OFS
The insurer is expected to concentrate on the government’s divestment timetable over the next few months, leaving its earlier plan to expand into the health insurance market on hold for the time being.