Stock Market Live Updates 16th December 2025: Sensex falls over 450 points, Nifty slips below 25,900 amid weak global cues

ORDER WIN

SEPC: Enters ₹3,300 crore coal mining consortium project with SECL for 10 years at Rampur Batura opencast mine.

CHANDAN HEALTHCARE: Wins ₹726 crore 10-year PPP radiology project in Punjab covering MRI and CT services across districts.

B.L. KASHYAP: Bags ₹616 crore commercial construction order for Sattva Chennai Knowledge City project.

MTAR TECHNOLOGIES: Receives order upsize to USD 41.17 million (~₹370.6 crore) from existing customer with execution in Q2 FY27.

VASCON ENGINEERS: Secures ₹260.09 crore EPC order from Navi Mumbai Municipal Corporation for super speciality hospital project.

TEXMACO RAIL: Joint venture wins new order worth ₹132 crore, strengthening consolidated order book.

NEWGEN SOFTWARE: Wins ₹38.6 crore international banking IT order in Saudi Arabia through its wholly owned subsidiary.

SUPREME POWER EQUIPMENT: Bags ₹14.71 crore transformer supply order from a Karnataka-based EPC company.

TROM INDUSTRIES: Secures ₹14.89 crore municipal lighting order from Gandhinagar Municipal Corporation.

MINI DIAMONDS: Bags ₹12 crore domestic order for supply of lab-grown polished diamonds from Mumbai-based client.

SBC EXPORTS: Wins ₹10.77 crore manpower supply contract from IIT Jodhpur for one year with extension option.

📍 ACQUISITION

UNO MINDA: Acquires remaining 49.90% stake in Uno Minda Buehler Motor to make the subsidiary wholly owned.

MTNL: Board approves sale of BKC residential property to NABARD for ₹350.72 crore as part of asset monetisation.

📍 COLLABORATION

WHEELS INDIA: Signs technical assistance agreement with Japan’s Topy Industries and wins new alloy wheel orders from Hyundai and Volkswagen.

HCLTECH: Expands digital transformation partnership with Aurobay Technologies across engineering and manufacturing systems.

📍 LEADERSHIP CHANGES

HAVELLS INDIA: Appoints Mr Manjit Singh Sethi as President – Cables, bringing over 35 years of industry leadership experience.

📍 NEW PROJECTS

CREST VENTURES: Subsidiary signs joint development agreement for large mixed-use real estate project in Chembur, Mumbai.

EIH: Signs management agreement for a 25-key Oberoi ultra-luxury resort at Makaibari Tea Estate, Darjeeling, opening in 2030.

SUBA HOTELS: Expands footprint with long-term lease of a new hotel property in Ayodhya, marking its third property in the city.

DECCAN CEMENTS: Commences commercial production at Line-3 cement plant, raising total capacity to 4 MTPA.

📍 FUNDRAISING

BHARAT RASAYAN: Allots 1:1 bonus shares, doubling paid-up equity capital post allotment.

📍 INCORPORATE / CORPORATE STRUCTURE

TECH MAHINDRA: Incorporates step-down subsidiary Yabx Technologies Zambia via Yabx Netherlands to expand fintech software services.

TCPL PACKAGING: Invests ₹3.49 crore in wholly owned subsidiaries to enhance packaging and backward integration capabilities.

📍 CLARIFICATION

ACME SOLAR: Clarifies that its 300 MW Sikar solar project is evacuating full power without any transmission curtailment.

📍 LAUNCHES

CASTROL INDIA: Launches Sarathi Mitra mobile classrooms across Uttar Pradesh to train truck drivers on safety and financial literacy.

MAX INDIA: AGEasy launches senior-focused gut care product range in collaboration with Wellbeing Nutrition.

DELHIVERY: Launches on-demand intracity delivery service in Mumbai and Hyderabad via Delhivery Direct App.

📍 IT NEWS

TCS: Opens new office in Bucharest, Romania to strengthen European digital engineering and nearshore delivery capabilities.

INTELLECT DESIGN ARENA: Wins major digital banking deal with 35 Canadian credit unions covering over $13 billion in assets.

📍 ADDITIONS

THANGAMAYIL JEWELLERY: Opens new retail branch at Chengalpattu, Tamil Nadu, expanding presence in the Chennai suburban market.

📍 OTHERS

TATA POWER: Unveils ₹1.25 lakh crore capex plan for FY26–FY30 with strong focus on clean and green energy expansion.

PVR INOX: Film Dhurandhar records ₹552.7 crore worldwide box office collection with strong domestic and overseas performance.

PSU BANKS: Budget 2026 may trigger next phase of PSU bank mergers though government has officially denied earlier merger reports.

MARKET HEATMAP: Markets trade mixed as FMCG and realty outperform while IT, auto and pharma remain under pressure.