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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.
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.
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.
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 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.
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.
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.
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 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.
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.
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