Infrastructure firm Hindustan Construction Company (HCC) has transferred Rs. 2,854 crore of debt to Prolific Resolution Private Ltd. (PRPL), marking a significant move in its ongoing efforts to strengthen financial stability. The transaction is part of a broader restructuring strategy aimed at improving liquidity, reducing leverage, and enabling the company to focus more effectively on core engineering and construction operations. Market observers say the transfer underscores the increasing reliance on specialized resolution platforms to manage legacy debt across the infrastructure sector.

Glenmark Pharmaceuticals has introduced a new generic therapy for anemia in the United States, strengthening its footprint in one of the world’s most competitive pharmaceutical markets. The launch underscores the company’s ongoing efforts to expand its presence in specialty and chronic-care segments through high-quality, cost-effective alternatives. With demand for affordable anemia treatments rising across the U.S. healthcare system, Glenmark’s latest offering is positioned to support both patient access and market competitiveness.

KSH International is preparing to enter the capital markets with its initial public offering (IPO) scheduled to open on December 16, offering shares within a price band of Rs. 365 to Rs. 384. The upcoming listing marks a significant step for the company as it seeks to strengthen its financial position and accelerate growth across key business segments. The IPO has garnered early attention from market participants due to the firm’s consistent performance, expanding customer base, and exposure to sectors benefiting from India’s ongoing industrial and infrastructure push.

ICICI Prudential Asset Management Company has raised Rs. 4,815 crore in its pre-IPO round, marking one of the most significant fundraises in India’s asset management industry ahead of a public listing. The strong response reflects investor confidence in the company’s performance, scale, and long-term growth potential. Backed by a robust distribution network and consistent market presence, ICICI Prudential AMC is poised to enter the public markets with substantial momentum.

India advanced its clean-energy ambitions with the launch of an indigenous hydrogen-powered vessel in Varanasi, marking a significant step toward sustainable inland water transport. The initiative demonstrates the country’s commitment to reducing carbon emissions and integrating alternative fuels into mainstream mobility. Developed under a government-backed program, the vessel is designed to operate efficiently on hydrogen, offering a promising pathway to decarbonize river-based logistics and passenger transport.

Alembic Pharmaceuticals has received a crucial clearance from the United States Food and Drug Administration (USFDA) for its latest ophthalmic formulation, marking another milestone in the company’s regulatory track record. The approval strengthens Alembic’s presence in the lucrative U.S. generics market and expands its portfolio in specialized treatments, particularly within the eye-care segment. As global demand for affordable ophthalmic therapies continues to rise, the approval positions the company for strategic growth.

India’s equity mutual fund segment recorded a strong revival as investors poured Rs. 29,911 crore into equity schemes, marking a significant rebound in sentiment after a period of volatility. The surge in inflows highlights renewed confidence in domestic markets, supported by resilient corporate earnings, steady economic indicators, and sustained retail participation through SIPs. Fund managers say the shift reflects long-term optimism despite short-term market fluctuations.

India’s aviation sector witnessed heightened turbulence after IndiGo, the country’s largest airline by market share, cancelled multiple flights, prompting regulatory scrutiny from the Directorate General of Civil Aviation (DGCA). The mass disruptions left passengers stranded across airports, triggering concerns about operational preparedness and workforce management. As cancellations mounted, the DGCA sought an explanation from IndiGo’s top leadership, summoning the airline’s CEO to clarify the reasons behind the breakdown and outline corrective measures.

India’s equity markets endured a turbulent trading session as benchmark indices swung between gains and losses amid mixed global cues and investor caution. The Sensex and Nifty oscillated throughout the day, reflecting a fragile sentiment shaped by macroeconomic concerns, fluctuating foreign fund flows, and sector-specific volatility. Market participants remained focused on inflation expectations, interest-rate trajectories, and corporate earnings, all of which continue to dictate short-term momentum.

India is set to experience a 41% increase in fertilizer imports by FY26, according to the Fertiliser Association of India (FAI). The surge is driven by rising domestic demand, expansion in crop cultivation, and the need to ensure food security for a growing population. Analysts highlight that Rs.-denominated import bills will escalate, influencing trade balances and agricultural input costs. The trend reflects both government initiatives to enhance farm productivity and market-driven requirements for nutrient-rich fertilizers.