News Digest
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Amazon to invest over $35 billion in India through 2030
Amazon will invest over 35 billion dollars in India by 2030, focusing on AI, exports, and jobs, aiming to digitise 15 million small businesses and boost e-commerce exports to 80 billion dollars.
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.
Godrej Industries' Telangana investment crosses ₹10,000 cr with latest ₹150-cr dairy unit MoU
The MoU was signed on the sidelines of the Telangana Rising Global Summit 2025. Under the agreement, Godrej Jersey will invest ₹150 crore to set up a state-of-the-art dairy processing facility across 40 acres in the state. Shares of Godrej Agrovet Ltd ended at ₹597.80, up by ₹22.10, or 3.84%, on the BSE today, December 9.
IPO buzzers; LG Electronics's bearish coverage; cautious Wall Street; Zaggle's deal with Mastercard and more
Today’s edition breaks down the major IPOs, including Meesho hit D-Street, LG Electroncis's bearish initiation, Anxious Wall Street ahead of Fed call on rate cuts, Blackrock's new investment and an update on the ongoing IndiGo fiasco, all the latest developments, just a click away with CNBC-TV18's 11@11 newsletter
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.
CG Power’s phoenix rise: How N. Srinivasan engineered one of India’s fastest corporate turnarounds
Once on the brink of collapse with stalled operations, mounting debt, and eroded investor confidence, CG Power staged a remarkable comeback under N. Srinivasan’s leadership. Through swift financial restructuring, strategic settlements with creditors, and restoring employee and vendor trust during the pandemic, the company returned to profitability, regained market share, and became debt-free—offering a blueprint for India’s next generation of corporate turnarounds.
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.
BlackRock's Global Infrastructure Partners to invest ₹3,000 crore in Aditya Birla Renewables
The investment includes a firm commitment of ₹2,000 crore and a greenshoe option of up to ₹1,000 crore. The investment will be made through GIP EM Star Pte Limited by way of one or more preferential issues on a private placement basis. Shares of Grasim Industries Ltd ended at ₹2,750.00, up by ₹5.80, or 0.21%, on the BSE.
TVS Supply Chain Solutions to invest up to ₹100 crore in FIT 3PL Warehousing for expansion
FIT 3PL Warehousing Private Ltd is a wholly owned subsidiary of TVS Supply Chain Solutions. The subsidiary reported a turnover of ₹133.18 crore as of March 31, 2025. The investment will be made by way of equity and equity-like instruments in one or more tranches. The consideration will be in cash. Shares of TVS Supply Chain Solutions Ltd ended at ₹102.90, down by ₹1.01, or 0.99%, on the BSE.
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.
AU Small Finance Bank receives approval to raise foreign investment limit to 74%
The bank said the increased foreign investment limit from 49% to 74% will assist in maintaining sufficient headroom for foreign investment through permissible modes of investment in compliance with the consolidated FDI Policy. Shares of AU Small Finance Bank Ltd ended at ₹971.00, down by ₹18.45, or 1.94%, on the BSE.
Pine Labs freezes tech hiring at 1,000 engineers even as global expansion accelerates
Pine Labs is tightening its technology strategy by relying solely on its existing 1,000-member engineering workforce, even as it expands rapidly into international markets. CEO Amrish Rau says the company is prioritising efficiency and deeper utilisation of its current talent base while keeping all future tech hiring on hold.
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.
India’s airline sector is a graveyard of carriers, and here’s why — Vijay Gopalan
Vijay Gopalan argues that India’s aviation turmoil is not an isolated event but the result of long-standing structural issues that deter investment, limit competition, and leave airlines vulnerable to even minor shocks.
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.