Several companies are making headlines with significant developments that investors should monitor. Here's a summary of recent news concerning IndusInd Bank, IndiGo, Ola Electric, RIL, Vodafone Idea, and NBCC.
IndusInd Bank
The Serious Fraud Investigation Office (SFIO) has launched a formal investigation into IndusInd Bank. This probe, initiated under Section 212 of the Companies Act, 2013, follows the flagging of accounting discrepancies. The investigation relates to issues the bank had previously disclosed, including the accounting treatment of internal derivative trades, unexplained balances, and concerns related to interest and fee income from its microfinance business. The bank has been cooperating with the SFIO. The bank had written off ₹1,959.98 crore of accumulated notional profits in FY25 and set off ₹595 crore of unsubstantiated balances. Incorrect recognition of interest income of ₹673.82 crore and fee income of ₹172.58 crore in the microfinance portfolio was also identified. HDFC Bank's group entities have received RBI approval to acquire up to 9.5% stake in IndusInd Bank.
IndiGo
IndiGo is facing disruptions due to bad weather and operational reasons, leading to flight cancellations. On December 25, 2025, the airline canceled 67 flights, affecting airports including Agartala, Chandigarh, Dehradun, Varanasi, and Bengaluru. These cancellations occur while the airline is already under monitoring by the Directorate General of Civil Aviation (DGCA) following massive flight disruptions earlier in December. The DGCA has cut IndiGo's schedule by 10%, allowing them to operate 1,930 domestic flights daily. A four-member DGCA panel is investigating IndiGo's recent operational problems. IndiGo has been directed to operate a reduced winter schedule. The airline acknowledged the impact of low visibility and fog over Bengaluru on its flight schedule.
Ola Electric
Ola Electric has received a significant incentive of ₹366.78 crore under the Production Linked Incentive (PLI) scheme for FY25. The Ministry of Heavy Industries sanctioned this payment to support the company's manufacturing capabilities and commitment to developing advanced EV technology in India. This follows an earlier incentive of ₹73.74 crore received in March for FY24 sales. Ola Electric reported deliveries of 359,221 electric two-wheelers in FY25, compared to 329,549 units in the previous fiscal.
Reliance Industries (RIL)
Reliance Industries is reportedly entering its fourth major monetization cycle, aiming to unlock returns from investments made since Covid. RIL has partnered with Surrey County Cricket Club for the Oval Invincibles franchise. RIL is resuming purchases of discounted Russian crude, which is being routed to its refinery in Gujarat.
Vodafone Idea
Vodafone Idea (Vi) has been hit with Goods and Services Tax (GST) penalty orders totaling over ₹83 crore from Mumbai and Bengaluru tax authorities. These penalties stem from alleged issues related to license fees, spectrum usage charges, and tax claims between fiscal years 2018-19 and 2022-23. The company plans to pursue legal action to challenge these orders. Vodafone Idea's chief executive said that the telecom operator is eager to roll out connectivity in the unconnected regions of India with its satellite broadband partner, AST SpaceMobile.
NBCC
NBCC (India) Ltd has entered the Dubai property market with a Dh15 million land purchase, marking its first overseas real estate investment. The company will develop a mixed-use project on the 14,776.80 square-foot plot in Dubai Mainland. NBCC has also signed an agreement with the Mumbai Port Authority for development work on 25 acres of port land. NBCC has been awarded a work order valued at approximately ₹179.37 crore for Project Management Consultancy services for IIM Sambalpur's Phase-II campus development.
