December 29, 2025

LATEST NEWS

>> 2:20 PM

Allied Blenders & Distillers (ABDL): ABD Maestro Pvt. Ltd., ABDL’s super-premium and luxury spirits subsidiary launched AODH IRISH Whiskey in India, making a strong entry into the one of the fastest growing segments in the country – Irish Whisky. Irish whiskey has seen strong growth in recent years and a super-premium, quality product, indexed justifiably higher than the current market players. The addition of AODH Irish Whiskey underscores ABD Maestro’s agile thinking and future-ready portfolio strategy, reinforcing its commitment to bringing world-class, premium spirits. Launched in Haryana, and to be followed immediately in Maharashtra at a MRP of Rs. 3,950 (750 ml), AODH Irish Whiskey will subsequently expand to Goa, West Bengal, Karnataka, Delhi and key markets of North India. Positive

TOP NEWS

Shipbuilding financial assistance: The government has launched two major shipbuilding schemes worth Rs. 44,700 crore to strengthen India’s shipbuilding industry. One scheme will give financial support (15–25%) to shipbuilders for each ship built, while the other will focus on building new shipyards, upgrading existing ones, and improving technology and skills. The aim is to increase shipbuilding capacity, reduce costs, and make Indian shipbuilders more competitive globally. Positive for GRSE and Mazagon dock. 

Solar World Energy Solutions: The compay has secured an EPC contract worth about ₹725.33 crore from NTPC Renewable Energy Limited for a 250 MWac grid-connected solar photovoltaic project. Positive.

Vedanta: The company has been declared the successful bidder for the Depo Graphite–Vanadium block under the critical mineral auctions. The receipt of the successful bidder status for the Depo Graphite–Vanadium block will further strengthen the company’s critical minerals portfolio. Also, The Andhra Pradesh government has recently given a conditional No Objection Certificate (NOC) to Vedanta Ltd’s Cairn Oil & Gas division, allowing it to drill 20 onshore oil and gas wells in the Krishna district of the state. This is part of a broader plan to explore and produce hydrocarbons, and substances like oil and natural gas that are vital for energy and industry.

Vikran Engineering: The company has accepted Letters of Award (LOAs) from MP Urja Vikas Nigam for the implementation of grid-connected solar PV-based power plants with a total capacity of 45.75 MW AC in Vidisha, Madhya Pradesh.

Coforge: The company has approved raising up to $550 million through a qualified institutional placement. Separately, the company has signed a definitive agreement to acquire a 100% stake in Encora for ₹17,032 crore from Advent International, Warburg Pincus and other shareholders. positive

NBCC (India) Limited: The company has reached a settlement with the Government of NCT of Delhi to resolve a long-pending land dispute over 42.46 acres in Ghitorni (Sultanpur), Delhi. As per the settlement, the land will be equally divided, giving 21.23 acres to NBCC. The Delhi government will grant NBCC a perpetual lease for its share, along with full development rights under the Delhi Master Plan, allowing mixed-use development and sub-leasing. This unlocks significant real estate development potential for NBCC. Positive

RailTel: The company has received an international project order worth Rs. 19.84 crore from the Ministry of External Affairs for providing project implementation services to set up a data centre inside the Ministry of Foreign Affairs building in Addis Ababa, Ethiopia. The project is scheduled to be completed by December 2029. Positive

Bandhan Bank: The has sold a portfolio of microfinance non-performing loans (NPLs) valued at ₹3,212 crore to Asset Reconstruction Company (India) Limited (ARCIL) for approximately ₹578 crore, as per media reports. This strategic move, executed via a Swiss Challenge process where ARCIL was the sole qualified bidder, aims to reduce the bank's gross Non-Performing Assets (NPAs). The sale addresses the ongoing stress in the microfinance segment, which has impacted the bank's asset quality. Bandhan Bank is also initiating a separate sale of another ₹3,720 crore loan portfolio, as per media.

Punjab National Bank: The bank reports borrowing fraud worth Rs 2,434 crore by ex-promoters of two entities viz, Srei Infra Finance and Srei Equipment Finance. A 100% provisioning of the entire Rs 2,434 crore outstanding amount has been made.

OTHERS NEWS

Manappuram Finance: Gold loan NBFC Manappuram Finance said its board has approved an additional equity infusion of up to Rs 250 crore into its subsidiary Asirvad Micro Finance (AMFL) in one or more tranches. The fund infused by the company in AMFL is to support its capex and working capital needs. The Kerala-based lender currently holds 98.31% stake in Asirvad; post the proposed infusion, its shareholding will rise to 98.56%.