1 / 8IndiGo | The airline said its network coverage has been fully restored following last week’s disruption. A four-member DGCA panel probing the operational crisis is expected to summon IndiGo CEO Pieter Elbers and COO Isidre Porqueras on Wednesday, December 10, for further examination of the incident. The airline added that refunds worth ₹827 crore have already been processed, with the remainder for cancellations up to December 15 currently underway, according to company sources.
2 / 8Siemens | Technology firm said its board of directors has approved and executed a slump sale agreement for the transfer of its low voltage motors and geared motors business to Innomotics India Private Limited, a subsidiary of Innomotics GmbH, for a cash consideration (enterprise value) of ₹2,200 crore on a cash-free, debt-free basis, subject to mutually agreed adjustments. The transaction is subject to the fulfilment of customary conditions precedent and receipt of statutory and regulatory approvals, including approval, if required, from the Competition Commission of India.
3 / 8Welspun Corp | Homegrown company informed that its associate company, East Pipes Integrated Company for Industry (EPIC), listed in the Kingdom of Saudi Arabia (KSA), has announced to the Saudi Stock Exchange the signing of a contract with the Saudi Water Authority for the manufacturing and supply of steel pipes. The total contract value exceeds 485 million SAR, approximately ₹1,165 crore, including value-added tax. The contract tenure is six months. The financial impact of the contract is expected to be reflected in Q4 FY2025-26 and Q1 FY2026-27.
4 / 8Larsen & Toubro | Engineering and construction major, said it has approved a scheme of arrangement to transfer and vest its realty undertaking to its wholly-owned subsidiary, L&T Realty Properties Ltd. The decision was taken by the board on December 8, 2025, at its meeting held in Muscat, Oman, based on recommendations of the Audit Committee and independent directors. The scheme provides for the transfer of the realty undertaking of L&T to the transferee company on a going concern basis through a slump sale.
5 / 8ICICI Bank | Private sector lender, said it has executed a share purchase agreement with Prudential Corporation Holdings Ltd (PCHL) for the purchase of an additional 2% shareholding in ICICI Prudential Asset Management Company Ltd (ICICI AMC). The purchase price has been fixed at ₹2,140 crore for the 2% stake. The transaction follows earlier disclosures made on February 12, June 27, July 9 and September 12, 2025, and shareholder approval granted at the 31st annual general meeting held on August 30, for entering into a material related party transaction.
6 / 8Bajaj Finserv | Diversified financial services group disclosed provisional business performance data of its unlisted insurance subsidiaries, Bajaj General Insurance Ltd and Bajaj Life Insurance Ltd, for the month of November 2025 and for the period up to November 2025. Bajaj General Insurance Ltd reported gross direct premiums underwritten of ₹3,999.38 crore for the month of November 2025, and ₹17,463.85 crore for the period up to November 2025. Bajaj Life Insurance Ltd reported new business premium data for November 2025 and the period from April 2025 to November 2025.
7 / 8Mahindra & Mahindra | The company posted a robust set of operational numbers for November, reporting a 19.6% year-on-year rise in total sales volumes to 91,839 units, compared with 76,797 units a year ago. Exports increased 7.5% to 3,036 units, while production rose 18.4% to 96,196 units.
8 / 8Fujiyama Power Systems | The company reported a strong performance for the September quarter, with net profit rising 97.2% year-on-year to ₹62.9 crore, compared with ₹31.9 crore a year earlier. Revenue grew 72.6% YoY to ₹567.9 crore, supported by healthy demand across its power systems portfolio. Operating performance strengthened sharply as well, with EBITDA rising to ₹103 crore from ₹50.1 crore last year, and EBITDA margin improving to 18.1% from 15.2% in the same period.
