News Digest
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Dubai’s 'rockstar architect': Meet Muhammad Binghatti, man behind world’s most iconic buildings
Muhammad Binghatti has recast Dubai real estate through architecture-led branding, fusing design authorship with commercial control. A trained architect and chairman of Binghatti Holding, he transformed a family business into a recognisable luxury brand, delivering record-breaking sales and landmark projects. His approach treats buildings as cultural objects, not commodities, reshaping how property is built, sold, and recognised.
Govt to exercise green shoe option, to divest 3% stake in IOB
The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription.
India’s rare earth magnet push well-timed, Midwest Energy to apply for government incentive scheme, says CEO Kukreti
Midwest Energy CEO Soumya Kukreti says India’s ₹7,280 crore rare earth magnet incentive scheme has come at the right time as domestic manufacturers move closer to production. The company is set to begin commercial output from its 500-tonne plant by February and aims to match Chinese prices once it scales to 5,000 tonnes.
YourStory × Meta unveil 'Bharat Builds With Llama': A docu-reel series on how Indian startups use open-source AI to solve for India's unique needs
A new docu-reel series from YourStory × Meta follows early Indian builders using open-source Llama models in practical, sector-specific ways.
Ola Electric Shares Hit Fresh All-Time Low After Bhavish Aggarwal Stake Sale
Continuing its freefall on the bourses, Bhavish Aggarwal-led Ola Electric’s shares plunged to a fresh all-time low today. The company’s…
OfBusiness Cofounder Nitin Jain Quits
Nitin Jain, cofounder and chief business officer (CBO) of IPO-bound OfBusiness, has stepped down from his position. In a LinkedIn…
GMR Power board approves ₹1,200-cr fundraising via preferential issue
GMR Power and Urban Infra Ltd board approves raising ₹1,200 crore via equity shares and convertible warrants. Shares of GMR Power and Urban Infra Ltd ended lower on Wednesday, December 17, by 1.63% at ₹113.75 on the NSE.
'More discussion needed': Sebi defers key decision on conflict of interest overhaul for its officials
Sebi has deferred a decision on tightening conflict-of-interest norms for its leadership, citing the need for deeper deliberations on a high-level panel’s recommendations amid stakeholder feedback, governance concerns and questions over implementation of stricter, enforceable ethical standards
New Insurance Bill 2025: 'Sabka Bima Sabki Raksha Bill' cleared by Parliament; opens sector to 100% FDI
The Parliament on Wednesday approved the new insurance bill called "Sabka Bima Sabki Raksha Bill after it got the Rajya Sabha nod. It was cleared in Lok Sabha the day before. The bill allows 100 per cent FDI in the sector, raising it from earlier allowed 74 per cent. The bill is now pending for President's assent.
MP Raghav Chadha pushes for tokenisation bill to democratise asset ownership
The member of the Rajya Sabha argues that blockchain-based fractional ownership could emulate UPI's payments revolution for assets.
Highway slowdown: 574 NH projects miss deadlines; Rs 3.6 lakh crore stuck as land, clearances stall works
India's ambitious highway expansion faces significant execution stress, with 574 projects worth Rs 3.60 lakh crore delayed. Bottlenecks like land acquisition and clearances are hindering progress even before projects begin. Despite these challenges, highway construction continues, with a target of 10,000 km set for the current financial year.
Warner Bros Discovery rejects Paramount's hostile takeover bid, calls merger with Netflix 'superior'
Warner Bros Discovery has said the proposed merger with Netflix offers better terms. Details here.
How Mumbai Keeps Winning India’s Data-Centre Race
Land prices are among the highest in the country, but total build economics remain competitive by global standards. The post How Mumbai Keeps Winning India’s Data-Centre Race appeared first on Analytics India Magazine.
Sebi approves new stock brokers' regulations to simplify compliance framework. 10 key takeaways
Sebi has approved the Securities and Exchange Board of India (Stock Brokers) Regulations, 2025, replacing the 1992 framework to modernise broker regulation, simplify compliance, remove redundancies and align norms with evolving market practices and technological advancements
Easier-to-read offer documents, tighter lock-in rules: What Sebi approved for IPO investors
Sebi approved reforms to simplify IPO rules, tightening enforcement of non-promoter share lock-ins and introducing early-stage abridged prospectuses to improve transparency, investor understanding and post-listing supply discipline, while reducing compliance friction and streamlining fundraising timelines for issuers
I Squared-backed Polaris eyes going public, plans international expansion
Yashraj Khaitan, founder and CEO of Polaris, says the company aims to double its nearly 10% market share in the Indian smart metering space in the next three to five years.
IndiGo COO Isidro Porqueras appears before Parliamentary panel probing flight disruptions
IndiGo COO Isidro Porqueras arrives in Parliament on Wednesday to appear before the Parliamentary Standing Committee probing flight disruptions. Details here.
Flex By Google Pay: Google Partners With Axis Bank to Introduce UPI-Powered, Digital Credit Card
Google Pay has introduced Flex, a UPI-powered, digital co-branded credit card built on the RuPay network, debuting with the Google Pay Flex Axis Bank Credit Card. Users can apply within the app, earn instant rewards, and manage payments and repayments directly in Google Pay. The launch is aimed at increasing everyday credit access in India.
IndiGo tops Air India group in international passenger traffic, DGCA data shows
IndiGo emerged as the top international carrier in the July-September 2025 quarter, overtaking the combined passenger numbers of Air India and Air India Express, according to DGCA data.
Microfinance loan stress at four-quarter low as of September 2025: Sa-Dhan
The ratio of loans outstanding more than 90 days after their due date has fallen to 3.27% in the quarter-ended September 2025 from 4% in the December 2024 quarter.
Warner Bros deal battle: Company tells shareholders to reject Paramount Skydance bid; Netflix deal preferred
Warner Bros urged shareholders to reject Paramount Skydance's takeover, favoring a Netflix offer they believe benefits customers and aligns with board duties. Paramount's higher bid includes cable networks, unlike Netflix's streaming-focused proposal. Both deals face significant regulatory and political scrutiny, with concerns about market dominance and media consolidation.
Bengaluru is India’s top startup hub: Hurun-IDFC First list
The India’s top 200 self-made entrepreneurs of the millennia 2025 list has 88 founders selecting Bengaluru as their residence city, and 52 companies choosing it as its headquarters.
IBM, Walmart sign large office lease deals in Bengaluru
IBM India has taken up 1,61,884 sq. ft on lease from Golflinks Software Park Pvt. Ltd at the Pine Valley building in Embassy Golflinks Business Park.