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InterGlobe Aviation

IndiGo’s CEO Pieter Elbers told employees the “worst is behind us” after an unprecedented flight disruption earlier this month, saying the airline had begun stabilising operations.
Additionally, the CCI on Thursday, December 18, said it has decided to look into the recent mass flight cancellations by IndiGo across various routes under the competition rules. Based on its initial assessment, the CCI has decided to proceed further in the matter in accordance with the provisions of the Competition Act, 2002

Patel Engineering

Company signed a memorandum of understanding (MoU) with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project in West Kameng District

Sun Pharma

The US Food and Drug Administration classified its facility in Baska, Gujarat, as ‘official action indicated’ after inspection. As per the USFDA, OAI implies that the regulator may withhold approval of any pending product applications or supplements filed from such facility till the outstanding observations related to non compliance of manufacturing norms laid down by it

Niraj Cement Structurals

M/s. Niraj Cement Structurals Limited (JV) has received work order for the 4-laning of Ponda to Bhoma section of NH-748 from Km 125.440 to Km 135.050 in Goa on EPC Mode from Ministry of Road Transport and Highways (MoRTH) valued at Rs. 322.27 crores including GST.

Biocon

Company has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the US FDA, for Biocon Generics Inc. facility, located in Cranbury, New Jersey, U.S. This is based on a cGMP inspection conducted by the agency between the 6th to 10th of October, 2025.

Aarti Industries

Aarti Industries Limited (AIL) has secured multiple long-term supply contracts for key chemical commodities, including Methanol and Toluene, with globally leading manufacturers and suppliers across the GCC Countries (Gulf Cooperation Council) and South-East Asia. Methanol and Toluene form a vital backbone of AIL’s downstream product portfolio, supporting applications in pharmaceuticals, agrochemicals, consumer, and advanced industrial segments (FMCG) and advanced intermediates. Collectively, the contracts are intended to cover a substantial portion of AIL’s annual requirement of Methanol and Toluene, reinforcing margin stability and operational resilience across its manufacturing network

Refex Industries

Venwind Refex Power Limited (VRPL), a subsidiary of the Company, has signed a contract for supply of WTGs for wind power projects, for 148 MW, with a leading Independent Power Producer in Tamil Nadu. It is to be implemented by September-2026.

Max Healthcare

Max Healthcare Institute Ltd. announced its entry into Pune with a 450-beds super speciality hospital, involving an investment of over Rs 1000 cr. The facility, situated in Yerawada, Pune – one of the city’s prime and centrally located areas, is expected to be commissioned over the next 3 years. The hospital, will mark Max Healthcare’s fourth facility in Western India, further strengthening Max Healthcare’s presence in Maharashtra.

Mishra Dhatu Nigam

Mishra Dhatu Nigam Limited (MIDHANI) has secured an order worth Rs. 121.75 crore. With this, the open order position as on date stands at around Rs. 2,520 crore

Lupin

Lupin Limited announced that its subsidiaries in the Philippines (Multicare Pharmaceuticals) and Brazil (MedQuimica) have signed an exclusive licensing agreement with Neopharmed Gentili S.p.A, an Italian pharmaceutical company, for marketing and promotional rights for the Gastroenterology brand, Plasil (metoclopramide), in their respective markets. This agreement will enhance gastroenterology portfolio and expand its presence in emerging markets. Neopharmed will oversee product supply in the Philippines, ensuring quality and compliance with global standards. In Brazil, production will be shifted to Medquimica’s manufacturing facility.

PNB Housing Finance

PNB Housing Finance Limited has appointed Ajai Kumar Shukla as its Managing Director & Chief Executive Officer (MD & CEO) for a period of five years, effective 18 December 2025. Shukla joins PNB Housing Finance after serving in a senior leadership role at Tata Capital Housing Finance Limited, where he spent 16 years handling multiple strategic and operational responsibilities.

Bharti Airtel

Bharti Airtel appointed Shashwat Sharma as MD & CEO for 5 years, effective January 1, 2026. Shashwat Sharma is currently the CEO Designate at Bharti Airtel, leads the Consumer Business for the Company. In addition, he has worked closely with the current CEO, Gopal Vittal, getting a deep understanding across all business and functions.

Vodafone Idea

Vodafone Idea (Vi) announced the successful fundraise of Rs 3,300 crore through the issuance of unlisted, unrated, secured NonConvertible Debentures (NCDs), issued by Vodafone Idea Telecom Infrastructure Limited (VITIL), its subsidiary entity.

Reliance Inds

Reliance Consumer Products Limited has acquired a majority stake in Udhaiyams Agro Foods Private Limited. This move brings then  Tamil Nadu staples and nutrition brand Udhaiyam into Reliance’s portfolio. Reliance will hold a controlling stake in the joint venture. Udhaiyams’ existing promoters will retain a minority holding. Financial details of the transaction were not disclosed.

BHEL

Members approved AOA amendment removing prior 15%/30% investment caps, allowing JV/subsidiary creation and divestment.

Tata Consultancy Services

Tata Consultancy Services (TCS) has announced the expansion of its partnership with Aviva, the UK’s leading Insurance, Wealth and Retirement provider. The end to-end policy administration services will now expand to cover more than 6.5 million policies, to be managed by TCS’ FCA-regulated subsidiary, Diligenta UK, on behalf of Aviva.

GE Vernova T&D

GE Vernova T&D India has received the Letter of Award from Power Grid Corporation of India or refurbishment of 2x 500 MW HVDC Chandrapur back-to-back link between Northern & Southern part of India. The scope of project includes upgrade of HVDC Thyristor Valves and HVDC Controls & Protection.

HCL Technologies

The company has signed an agreement to purchase the Telco Solutions business from Hewlett Packard Enterprise (HPE) for $160 million, further strengthening its market-leading position in the telecom industry.

Amber Enterprises

The company is planning to invest Rs 500 crore to expand its research and development (R&D) centre dedicated to HVAC (heating, ventilation, and air conditioning) products in Punjab, to meet evolving product requirements.

GPT Infraprojects

The company’s joint venture has received a contract worth Rs 1,804.48 crore from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of a flyover along LBS Marg, from Kalpana Talkies, Kurla (L Ward) to Pankhe Shah Dargah, Ghatkopar West (N Ward) in the eastern suburbs. The company’s share in the project is 26 percent (Rs 469.16 crore).

BPCL

The Board has approved the formation of a joint venture with Coal India for setting up a coal gasification project at Western Coalfields, Maharashtra. BPCL will hold 49 percent, while Coal India will hold 51 percent in the joint venture.

Biocon

The company has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the US Food and Drug Administration (US FDA) for its Biocon Generics Inc. facility in New Jersey, US. This is based on a cGMP inspection conducted during October 6–10

Arisinfra Solutions

The company has signed a strategic Memorandum of Understanding (MoU) with JS Infra Solutions to explore collaboration in the asphalt and road infrastructure materials ecosystem.

SEAMEC

The company has awarded a Letter of Award worth $3.25 million to Adsun Offshore Diving Contractors for providing diving-related services onboard the vessel SEAMEC III for the Part Replacement Pipeline Project, Pipeline Replacement Project – Group A (PRP-VIII A), and DSF II project of Oil and Natural Gas Corporation (ONGC).

ACME Solar

ACEM Solar secured Rs 1,209 crore from Yes Bank towards refinancing noperational project of 300 MW ACME Sikar Solar project enabling reduction in cost of debt initially by 170 bps and eventually by 195 bps

Source – HSL Prime Research, Prime Daily – 19^th Dec 2025

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