News Digest
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IndiGo chaos sends Rahul Bhatia out of the $10 billion club
IndiGo’s cancellations have erased $5 billion in value, knocking founder Rahul Bhatia’s net worth below $10 billion as regulator-mandated cuts and operational strains deepen market worries.
SAT upholds order transferring Sahara Life policies to SBI Life
The tribunal dismissed an appeal filed by Sahara India Life against the June 2, 2023 IRDAI directive, which required the immediate transfer of policies, assets and related obligations to SBI Life.
Tata Steel to acquire 50% stake in Thriveni Pellets for up to ₹636 crore
Thriveni Pellets Private holds 100% stake in Brahmani River Pellets Ltd (BRPL), which operates a 4MTPA pellet plant at Jajpur, Odisha, along with a 212-kilometre slurry pipeline. Shares of Tata Steel Ltd ended at ₹162, up by ₹1.33, or 0.83%, on the BSE today, December 10.
AI skilling and capability building will determine India’s competitive edge, says KPMG’s Akhilesh Tuteja
Global tech giants Amazon and Microsoft are investing tens of billions in India’s AI infrastructure, but experts say the country’s long-term advantage will come from building skilled talent and capabilities. KPMG’s Akhilesh Tuteja highlights that training millions in AI and creating equitable access will be key to ensuring India remains competitive in the global digital economy.
Google launches sub-$5 AI Plus plan in India to compete with ChatGPT Go
For new users in India, Google is offering an AI Plus subscription for ₹199 ($2.21) for the first six months, after which you'll have to pay ₹399 ($4.44).
IndiGo flight cancellations trigger ₹1,000 crore loss across Delhi’s trade and tourism sectors
IndiGo’s mass flight cancellations have caused a ₹1,000 crore blow to Delhi’s trade and tourism sectors, sharply reducing visitor movement and triggering widespread business and booking losses.
Amazon targets $80 billion India exports by 2030, bets on AI to turbocharge global sales
Amazon’s renewed export ambitions come at a moment when AI-led automation is beginning to overhaul how small businesses design products, build brands, and serve global customers. By integrating generative AI across cataloguing, marketing, logistics, and forecasting functions, the company expects India’s micro-export ecosystem to scale faster than ever—broadening participation beyond established sellers and accelerating the country’s shift toward technology-enabled global trade.
US bankruptcy court reverses $1 billion damages against Byju Raveendran
A US bankruptcy court reversed the 1 billion dollar damages ruling against Byju Raveendran, ordering a new phase in January 2026 after fresh evidence on the GLAS Trust dispute.
DCM Shriram, Bayer CropScience to collaborate on sustainable agri solutions
The MoU establishes a strategic framework for collaboration across areas such as agri inputs, digital advisory, sustainable farming practices, and value chain strengthening. Shares of DCM Shriram Ltd ended at ₹1,209.80, down by ₹14.90, or 1.22%, on the BSE today, December 10.
NTPC Green Energy to begin commercial supply of 6.6 MW part capacity from Bhuj project
Power giant NTPC on Wednesday said its arm NTPC Green Energy announced the beginning of commercial power supply of part capacity of 6.6 MW (Wind) out of the 100 MW hybrid project in Gujarat.
Telangana signs MoU with KETO Motors for ₹300 crore electric bus plant, 2,000 jobs planned
KETO Motors has signed an MoU with the Telangana government to invest ₹300 crore in an electric bus manufacturing facility at Jadcherla, announced at the Telangana Rising Global Summit 2025, with 2,000 jobs planned.
India in final stage of FTA talks with Oman, New Zealand, Chile and Israel as trade discussions intensify
India nears completion of free trade agreements with Oman, New Zealand, Chile and Israel to boost bilateral trade and investment, strengthening economic ties and creating new opportunities for trade, technology and innovation.
Rupee falls 9 paise to close at 89.96 against US dollar
Investors are also awaiting cues from the US-India trade talks, which could boost the rupee in the coming days.
Sensex, Nifty drop for third session; Midcap rout deepens ahead of Fed meet
Midcaps saw deeper cuts, with the Nifty Midcap index sliding 668 points to 59,007, while the Nifty Bank lost 262 points to 58,960 as financial stocks weakened.
Acquisition of Jayhawk Fine Chemicals to accelerate Anupam Rasayan's global growth
Anupam Rasayan CEO Gopal Agrawal said the deal with US-based Jayhawk Fine Chemicals aligns with the company’s strategy to diversify beyond agrochemicals, leverage Jayhawk’s niche chemistries, and unlock growth through capacity expansion and customer access. He expects synergies to support margin improvement while maintaining low leverage on the balance sheet. The acquisition follows a strong year for the company, with shares gaining more than 71%.
NephroPlus targets global growth with Saudi entry as IPO opens; margin expansion expected
NephroPlus Founder Vikram Vuppala said international business already contributes about 40% of revenue and delivers stronger margins due to significantly higher treatment pricing. India remains the core growth engine, with plans to add 50–60 captive clinics and selective PPP expansion. Scale-driven operating leverage, rising demand from chronic diseases and higher revenue per treatment are expected to enhance profitability as the company continues to grow both domestically and overseas.
Take part in 'Your Money, Your Right' movement: PM Modi
Prime Minister Narendra Modi urges citizens to join the ‘Your Money, Your Right’ campaign, which has already returned ₹2,000 crore in unclaimed bank, insurance and investment assets to rightful owners across India.
Telangana signs ₹5.75 lakh crore pacts as Salman Khan, firms pledge big
Former UK Prime Minister Tony Blair praised Telangana’s development over the past decade and said “From its early struggles, the state has reimagined itself as a powerhouse of technology, agriculture, and inclusive growth. In many ways, Telangana has become a model for other parts of the world.”
Uber rolls out B2B logistics and metro ticketing in Bengaluru via ONDC
Uber launched Uber Direct for B2B logistics and metro ticketing in Bangalore via ONDC, partnering with Zepto, KPN Farm Fresh, KFC, Burger King, Taco Bell, and Rebel Foods for deliveries.
