News Digest
Jobs, funding, startups & career opportunities - updated every 30 minutes
Rama Steel Tubes, subsidiary to acquire UAE-based Automech Group for ₹728 cr
Rama Steel Tubes Ltd and RST International Trading FZE to acquire 100% of UAE-based Automech Group for AED 296 million, expanding into new markets. Shares of Rama Steel Tubes Ltd ended higher on Thursday, December 11, by 8.51% at ₹10.97 on the NSE.
Firstsource completes 100% acquisition of UK-based Pastdue Credit for £22 million
Firstsource Solutions acquires Pastdue Credit Solutions for £22 million, expanding its UK debt-collection services and financial offerings. Shares of Firstsource Solutions Ltd ended higher on Thursday, December 11, by ₹4.40 at ₹340.30 on the BSE.
Kansai Nerolac Paints to sell entire 60% stake in Sri Lanka subsidiary
Kansai Nerolac Paints will sell its entire 60% stake in Kansai Paints Lanka to Sri Lanka-based Atire Private Limited. Shares of Kansai Nerolac Paints ended lower on Thursday, December 11, by 0.72% at 223 on the NSE.
DGCA to question IndiGo CEO Pieter Elbers on Dec 12; disruptions drag on
The DGCA’s inquiry comes amid significant financial and operational setbacks for IndiGo, including thousands of flight cancellations and a sharp drop in share value. The problem persists with over 60 cancellations today, December 11, at Bengaluru Airport. Yesterday, a total of 220 flights were cancelled.
RRP Defense and Israel’s Meprolight join hands to bring advanced electro-optics to India
RRP Defense Ltd and Meprolight Ltd, Israel partner to bring advanced electro-optic defence technologies to India, supporting Make in India and Atmanirbhar Bharat at the Mahape facility.
Flipkart Minutes 2025 wrap: Over 53 million unique visitors, GenZ become fastest adopters
Flipkart Minutes expanded to more than 30 new cities, strengthened customer loyalty with repeat orders, sourced fresh produce from over 2,000 farmers, and adopted green packaging while completing 10 million deliveries via electric vehicles.
Prada to launch Kolhapuri-Inspired collection in collaboration with Indian leather agencies
Prada partners with LIDCOM and LIDKAR to launch a Kolhapuri chappal-inspired footwear line in 2026, blending Indian craftsmanship with Prada design, supporting artisans in Maharashtra and Karnataka.
Tata Power wins Jejuri-Hinjewadi transmission project, to earn ₹156 crore annually for 35 years
Tata Power has secured a ₹156-crore order from REC PDCL to acquire and develop the Jejuri–Hinjewadi transmission project, adding a major BOOT-based 115-km high-voltage line to its portfolio.
Public sector bank job exams get an overhaul, SBI results to come first
Bank exam rules: The Finance Ministry has revised the recruitment examination and result declaration timelines for public sector banks to streamline processes and enhance transparency. A new sequence will see SBI results announced first, followed by Nationalised Banks, and then Regional Rural Banks, aiming to reduce attrition and improve workforce planning.
Trump's Gold card visa; US Fed rate; US future volatility; Cisco's 25-year record; TCS acquisition and more
In today's newsletter, we break down Trump's new Gold Card visa, rising volatility at the US Futures market after a rally yesterday, Oracle's decline amid concerns over AI, and the US Fed's rate cut, among other news. This is your one-stop destination for all that is important with CNBC-TV18's 11@11 Newsletter.
Glenmark to launch Leucovorin Calcium injection in December 2025 for cancer drug toxicity
Leucovorin Calcium is commonly used to reduce toxicity associated with certain cancer medications.
Top stories | Amazon's big India bet, IndiGo woes deepen, Meesho's blockbuster debut & 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.
IndiGo Chairman denies crisis was engineered, says safety and fatigue norms fully followed
IndiGo’s chairman rejects claims the airline engineered its recent crisis, insisting safety was never compromised, rules weren’t influenced, and all pilot fatigue norms were fully followed; disruptions weren’t deliberate.
Moonrider raises $6 million in Series A round, aims to start commercial rollout of EV tractors by February 2026
Moonrider’s latest funding round strengthens its shift from engineering to execution as it prepares to deliver its first batch of electric tractors and expand partnerships with large fleet operators in India and overseas. With regulatory approvals secured for all three tractor variants and customer trials underway, the company is now focused on scaling manufacturing, validating performance in the field, and building the supply chain required for wider deployment ahead of its February 2026 commercial launch.
466 SEZ units shut in last 5 years, shows official data
Foxtale expands beyond skincare with new bodycare brand ‘Hula Hoop’
The launch of Hula Hoop marks the beginning of Foxtale’s broader multi-brand ambitions. Leveraging years of R&D and a disciplined SKU strategy, the company aims to scale new categories without diluting its core identity.
