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Positive Buzz

• Jindal Steel & Power announced a tripling of its annual capacity for heat-treated plates to seven lakh tonnes, expanding its capabilities.
• ITC Hotels signed an agreement for the 150-keys Epiq Collection Jaipur, Bagru, a new premium brand hotel scheduled to open in 2030.
• Glenmark Pharma is set to launch a generic medication in the US market this month for anaemia treatment and to prevent side effects from high doses of certain medications.
• Tata Power secured an annual order worth ₹156 crore per year for 35 years to commission a 400 KV transmission line.
• Astra Microwave Products received an order valued at ₹171.38 crore from the India Meteorological Department for the supply of six Klystron-based S-band polarimetric Doppler weather radars and associated systems.
• NBCC Ltd. secured two orders worth ₹289 crore, including a ₹255.5 crore order from NALCO for development work and a ₹33.8 crore order from SAIL Bokaro for construction.
• Vedanta was the successful bidder for the Genjana nickel, chromium, and Platinum Group Elements (PGE) block under the Critical Mineral Auctions – Tranche III, enhancing its critical minerals portfolio.
• Honasa Consumer, the parent company of Mamaearth, will acquire BTM Ventures, the parent company of Reginald Men, marking its entry into the men's personal care segment with a 95% stake acquisition in the first tranche for an enterprise value of ₹195 crore.
• BEML, a defense public sector unit, rolled out a prototype of its new driverless metro trainset at its Bengaluru facility, intended for the Bangalore Metro Rail Corporation's upcoming lines.
• GMDC (Gujarat Mineral Development Corporation Ltd.) is expanding into the coal sector, having acquired three coal blocks in Odisha, and has awarded operational responsibilities for its 15 MTPA Baitarni-West coal mine.
• Tembo Global is in discussions for potential projects totaling ₹700 crore related to ports, data center development, and fuel farm systems.
• Interarch Building received a Letter of Intent worth ₹70 crore for the design of a pre-engineered steel building system.
• Indian Overseas Bank revised its MCLR (Marginal Cost of Funds-based Lending Rate) downwards, with changes effective from December 15.
• HCC (Hindustan Construction Company) saw a ₹33.6 billion reduction in corporate guarantee to its associate company, Prolific Resolution Pvt. Ltd.

Neutral Developments

• Mrs Bectors Food Specialities will trade ex-date today for its stock split, where the face value of each share will be reduced.
• Bharat Rasayan will turn ex-bonus and ex-stock split today. The stock split will change the face value from ₹10 to ₹5, and a 1:1 bonus issue means shareholders will receive one bonus share for every share held.
• NACL Industries, Nureca, and VLS Finance will also go ex-date today for various corporate actions including bonus shares, rights issues, and share buybacks.
• TRF announced that its CFO, Anand Chand, resigned effective December 11, with Animesh Upadhyay taking over the role from December 12.

Negative News

• IndiGo CEO Pieter Elbers has been summoned to appear before the Committee of Officers at the Directorate General of Civil Aviation (DGCA) today, December 12, 2025, as the regulator investigates the airline's severe operational disruptions. IndiGo is offering travel vouchers worth ₹10,000 to passengers impacted by delays and cancellations between December 3-5.
• Kirloskar Ferrous Industries reported that operations at its Hiriyur plant remain suspended due to additional time required for maintenance and repair work.
• Piramal Pharma received a Form 483 with four observations from the US FDA following a GMP inspection at its Lexington, Kentucky facility.

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