News Digest
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Sukanya Samriddhi Yojana: At 8.2% interest rate, is SSY the right savings scheme for your girl child? Explained
Sukanya Samriddhi Yojana (SSY) offers a government-backed 8.2% tax-free interest for girl children, aiming to fund their future education or marriage. While a secure fixed-income option, experts suggest combining it with equity investments for better inflation-beating returns over its 21-year maturity period.
US stocks inch up as investors eye monetary policy outlook
Wall Street indexes traded higher in volatile sessions as investors sought interest rate outlook clues. Oracle shares dipped amid funding concerns for its data center plans, impacting the tech sector's AI ambitions. Energy stocks rebounded, while Netflix saw gains following reports of a potential OpenAI investment.
MoEngage’s Series F swells to $280 mn, eyes AI expansion and acquisitions
MoEngage has secured an additional $180 million in Series F funding, bringing the total to $280 million. The investment will support its AI product development and expand operations in North America and Europe.
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
Warner Bros asks investors to reject takeover bid from Paramount Skydance
Paramount’s attempt to buy Warner’s cable networks and news business would also bring CBS and CNN under the same roof
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
Titagarh Rail wins ₹273-crore Indian Railways order for 62 maintenance vehicles
The RBMV is a specialised, self-propelled on-track maintenance machine engineered to facilitate inspection, maintenance, and restoration of railway infrastructure. Shares of Titagarh Rail Systems Ltd ended at ₹774.55, down by ₹15.25, or 1.93%, on the BSE today, December 17.
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.
Mutual fund industry performance: AUM hits Rs 80.8 lakh crore in November; SIP flows surge, investor base widens
India's mutual fund industry achieved a record Rs 80.80 lakh crore in assets under management, driven by a 16% surge in monthly SIP flows to Rs 29,445 crore. Equity funds dominate AUM, and passive investments are growing, indicating a structural shift. The investor base is expanding beyond metros, with smaller cities contributing significantly to AUM.
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.