Financial News
Source: Leading Newspapers
Compiled by RUDRA SHARES
Tuesday, 09 December 2025

 *CAPITAL MARKETS & INVESTOR FLOWS* 
• Luxury Time IPO subscribed 554x on the final day, receiving bids worth Rs 7,573 crore
• IPO fundraising touches a record level as investor demand remains strong
• FIIs net sold Indian equities worth Rs 656 crore, while DIIs net bought Rs 2,549 crore
• Market breadth weakens further as ADR slips to a 10-month low
• Market expects one more rate cut as inflation remains benign
• Market veteran Shankar Sharma sparks debate over an expensive market “trap”

 *IPOs, LISTINGS & FUNDRAISING* 
• Corona Remedies IPO subscribed 62% on Day 1; retail portion booked 87%
• Wakefit IPO subscribed 15% on Day 1; GMP drops to 3%
• ICICI Pru AMC IPO price band fixed at Rs 2,061–Rs 2,165
• Weak listing: Astron Multigrain lists at a 20% discount to SME IPO price
• Strong debut: Ravelcare lists at a 55% premium to SME IPO price
• Invicta Diagnostic lists at an 18% premium over IPO price on NSE Emerge
• IIFCL’s $500-million ECB oversubscribed five times at the lowest cost

 *CORPORATE ACTIONS & STAKE DEALS* 
• Promoter acquires over 0.5% stake in Welspun Enterprises
• Invesco MF buys 0.89% stake in Dredging Corporation
• Promoters sell 2.44% stake worth over Rs 100 crore in Nephroplus ahead of IPO
• Kaynes Tech to change auditor after admitting reporting lapse; clarifies goodwill and receivables
• HFCL wins Rs 657-crore export order for optic fibre cable
• Piramal targets a Rs 3,250-crore strategic opportunity

 *BANKING, FINANCIAL SERVICES & MUTUAL FUNDS* 
• ICICI Prudential AMC CEO Nimesh Shah says attrition is not a concern
• Mutual fund AUM likely to grow 7x over a decade; industry penetration to reach 20%: Groww-Bain report
• ICICI Bank to maintain over 51% stake in all three listed subsidiaries: ED Sandeep Batra
• Fino Payments Bank shares plunge after approval for conversion to SFB
• Sebi launches a new agency to curb mis-selling

 *AVIATION & TRAVEL* 
• SpiceJet shares surge amid large-scale flight cancellations by IndiGo
• Government may trim IndiGo’s flight schedule and reallocate slots to other airlines
• IndiGo shares fall further as operational disruption worsens
• IiAS raises concerns over governance oversight and culture at IndiGo
• After IndiGo pilot-fatigue row, railway staff demand defined duty-hour caps and rest rules

 *OIL, GAS, POWER & COMMODITIES* 
• Vedanta Group’s Cairn Oil & Gas seeks global partners for $5-billion expansion
• Cairn invites bids for gas output from Gujarat assets
• Torrent Power to procure LNG from JERA Co., Inc.
• Russia reiterates that India will continue buying oil wherever it is profitable

 *AUTOMOBILES & CONSUMER DURABLES* 
• Indian auto dealers expected to see steady demand in December
• Vehicle registrations rise 2% year-on-year in November due to sustained demand
• Tata, Mahindra and others cut EV prices as narrowing fuel-price gap impacts demand
• High-value components push up import bill for electronics manufacturers

 *TECH, DIGITAL & SPACE* 
• Purchase of digital gold via UPI contracts 47% in November
• Starlink withdraws India pricing plan of Rs 8,600 per month

 *INSURANCE* 
• General insurers report strong premium growth in November

*ECONOMY* 
• Import bill of leading electronics brands jumps to Rs 1.21 lakh crore, challenging Make in India goals
• Indian and Asia-Pacific banks maintain stronger capital positions than US and European peers: Moody’s
• Trump signals potential new tariffs on Indian rice amid domestic farm pressure

 *MISCELLANEOUS CORPORATE NEWS* 
• Biocon shares decline as analysts expect earnings dilution after Biocon Biologics acquisition
• Abakkus Fund Manager believes strong growth momentum will continue for new-age companies
• PepsiCo plans price, product and workforce changes under a new strategy

Jai Hind
Rudra Hai to Mudra Hai
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