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Luthra Brothers Passport: Urgent Revocation Request After Goa Nightclub Tragedy

Goa – The Ministry of External Affairs is examining a critical request from the Goa government concerning the Luthra brothers passport revocation following the devastating nightclub fire that claimed 25 lives. This development marks a significant step in efforts to bring the absconding club owners to justice after they fled the country shortly after the tragedy.

MEA Receives Formal Communication

The external affairs ministry has received official communication from the Goa government regarding the Luthra brothers passport situation. Sources familiar with the matter confirmed that the ministry is now processing the request to revoke the travel documents of Gaurav Luthra and Saurabh Luthra, co-owners of the nightclub where the deadly fire occurred.

According to officials speaking on condition of anonymity, the external affairs ministry is examining the Luthra brothers passport revocation request under the Passports Act of India, in line with extant rules. This examination process is crucial for preventing the accused from evading justice while abroad.

The request specifically targets both Gaurav Luthra and Saurabh Luthra, who co-owned Birch by Romeo Lane in North Goa, where the devastating fire broke out at around midnight on December 6. The Luthra brothers passport revocation could significantly impact their ability to remain abroad or travel to other countries.

Legal Framework for Passport Revocation

The consideration of the Luthra brothers passport cancellation falls under the provisions of the Passports Act of India. This legislation provides the government with authority to revoke or impound passports under specific circumstances, particularly when passport holders are wanted in connection with serious criminal cases.

Officials emphasized that the external affairs ministry is following established procedures while examining the Luthra brothers passport revocation request. The process involves careful scrutiny to ensure compliance with all legal requirements before any action is taken against the travel documents.

Timeline of Events

The Luthra brothers left India shortly after the devastating fire at their nightclub in Arpora, located approximately 25 kilometers from Panaji. The fire broke out at Birch by Romeo Lane at around midnight on December 6, resulting in the tragic loss of 25 lives.

The swift departure of the club owners immediately after the incident has raised serious questions about their intentions and potential awareness of the severity of safety violations at their establishment. The timing of their exit has become a critical factor in the investigation, making the Luthra brothers passport revocation all the more urgent.

Interpol Blue Corner Notice

At the request of the Central Bureau of Investigation, an Interpol Blue Corner notice has been issued for the Luthra brothers. This international alert is designed to collect additional information about persons of interest in criminal investigations and to locate, identify, or obtain information on individuals.

The Blue Corner notice complements the efforts to secure the Luthra brothers passport revocation, creating multiple layers of international pressure to locate and apprehend the absconding owners. This mechanism allows law enforcement agencies across countries to coordinate their efforts in tracking the wanted individuals.

Court Denies Interim Protection

A court in New Delhi refused on Wednesday to provide any interim protection from arrest to the Luthra brothers, whose partner was detained in connection with the fire. This judicial decision represents another setback for the absconding owners as they face mounting legal pressure.

The court’s refusal to grant interim relief strengthens the case for the Luthra brothers passport revocation, as it demonstrates the seriousness with which Indian courts are treating the matter. The denial of protection indicates that the legal system views the accusations against them as substantial and warranting immediate attention.

Also Read: Goa Nightclub Fire: Shocking Escape Plan of Luthra Brothers Exposed

Defense Arguments and Contentions

Lawyers representing the Luthra brothers have refuted allegations that their clients fled the country. The legal team contended that the brothers were away on a business trip rather than evading law enforcement. This defense strategy attempts to portray their departure as coincidental rather than calculated.

The brothers have also contended through their lawyers that they were only licensees, not owners, of the nightclub. Their defense further claims that because they were not involved in the club’s day-to-day activities, which were handled by the management team, they could not be held responsible for the tragedy.

These arguments, however, have not prevented authorities from pursuing the Luthra brothers passport revocation or other legal measures against them. The prosecution maintains that as operators of the establishment, they bear ultimate responsibility for safety standards.

Arrests and Ongoing Investigation

While the Luthra brothers remain abroad, the Goa police have made significant progress in the investigation. Five managers and staff members of the club have been arrested over the fire incident. These arrests demonstrate that authorities are pursuing accountability at multiple levels of the nightclub’s operations.

The partner of the Luthra brothers has also been detained in connection with the fire, further expanding the scope of the investigation. These developments underscore the gravity of the case and the determination of law enforcement to ensure justice for the 25 victims.

Implications of Passport Revocation

If approved, the Luthra brothers passport revocation would significantly limit their ability to travel internationally or remain legally in foreign countries. Many nations require valid passports for legal residence, and revocation could force them to either return to India or face immigration issues abroad.

The MEA’s consideration of this request represents a critical juncture in the pursuit of justice for the nightclub fire victims and their families.

Amit Shah Rahul Gandhi: Explosive Lok Sabha Clash Over Electoral Reforms

New Delhi – The Lok Sabha witnessed one of its most heated confrontations on Wednesday when Union Home Minister Amit Shah and Leader of Opposition Rahul Gandhi engaged in a fierce exchange during the electoral reforms debate. The Amit Shah Rahul Gandhi clash escalated quickly as the Congress leader interrupted the Home Minister’s address, triggering a sharp verbal duel that captured parliamentary attention.

The Challenge That Sparked Controversy

The dramatic Amit Shah Rahul Gandhi confrontation began when the Leader of Opposition cut into Shah’s address with a direct challenge. Gandhi called for a discussion on his press conferences, stating emphatically, “Let us have a debate on my press conferences. Amit Shah ji, I challenge you to have a debate on my three press conferences.”

This interruption marked a significant moment in the ongoing electoral reforms discussion, as Gandhi attempted to shift the focus toward his recent media briefings. The challenge set the stage for an explosive exchange between the two prominent political figures, making the Amit Shah Rahul Gandhi debate one of the most contentious parliamentary moments in recent history.

Shah’s Firm Response

The Union Home Minister responded with characteristic firmness to Gandhi’s interruption during the Amit Shah Rahul Gandhi exchange. The BJP leader made it clear that he would neither structure his speech according to the Opposition leader’s preferences nor alter the sequence of his remarks at anyone’s insistence.

Shah stated decisively, “First of all, I want to make it clear… I have long experience, and I will decide the order of my speech… they should be patient… I will answer each question… but they cannot decide the order of my speech.” This response highlighted the tension underlying the Amit Shah Rahul Gandhi confrontation.

The Home Minister’s statement emphasized his autonomy in conducting parliamentary proceedings, asserting that he possessed sufficient experience to determine how his address would unfold. The firm stance taken during the Amit Shah Rahul Gandhi clash demonstrated the intensity of political divisions in the House.

Gandhi’s Counter-Attack

Following Shah’s response, Rahul Gandhi did not remain silent during the Amit Shah Rahul Gandhi debate. The Leader of Opposition hit back with his own criticism, characterizing the Home Minister’s reaction as revealing weakness rather than strength.

Gandhi stated, “Amit Shah gave a defensive response, this is a response of being rattled and scared.” This counter-attack added another layer to the already heated Amit Shah Rahul Gandhi exchange, suggesting that the Home Minister’s firm response indicated nervousness about addressing the substantive issues raised in the press conferences.

Also Read: Vande Mataram Debate: Explosive Clash Between Kharge and Shah in Parliament

The Voter List Manipulation Allegations

The Amit Shah Rahul Gandhi confrontation centered significantly on allegations of voter list manipulation that Gandhi had raised in his press conferences. The Home Minister directly addressed these claims during the electoral reforms debate, calling them unfounded and already clarified by the Election Commission.

Shah specifically referenced Gandhi’s November 5 press conference, stating that the Leader of Opposition had claimed to drop an “atomic bomb” by alleging that 501 votes were registered at a single house in Haryana. This became a focal point of the Amit Shah Rahul Gandhi clash.

Election Commission’s Clarification

During the Amit Shah Rahul Gandhi debate, the Home Minister presented the Election Commission’s explanation regarding the controversial address. Shah clarified that house number 265 was not a small residence but a one-acre ancestral plot where several families resided.

The Home Minister explained that each family had not been given separate house numbers, which accounted for the same house number appearing multiple times. He emphasized that multiple generations of one family lived together at the location, and this numbering system had remained unchanged since a Congress government was elected in Haryana.

“This is not a fake house,” Shah asserted during the Amit Shah Rahul Gandhi exchange, directly refuting the allegations made in the press conferences.

Context of the Electoral Reforms Debate

The intense Amit Shah Rahul Gandhi confrontation occurred on the second day of the Lower House debate on electoral reforms. The discussion came after the Opposition repeatedly pressed for a debate on electoral issues, a demand the government had initially resisted.

The standoff ended when both sides agreed to take up electoral reforms after concluding the debate on Vande Mataram. Both Houses of Parliament set aside a total of ten hours for the electoral reforms discussion, providing the platform for the dramatic Amit Shah Rahul Gandhi clash.

Parliamentary Atmosphere

The atmosphere in the Lok Sabha turned explosive during the Amit Shah Rahul Gandhi exchange, reflecting the deep political divisions on electoral reform issues. The confrontation highlighted the ongoing tensions between the ruling party and the Opposition regarding voting procedures and electoral integrity.

This heated parliamentary moment serves as a reminder of how electoral reforms remain a contentious issue in Indian politics, with both sides holding firm positions. The Amit Shah Rahul Gandhi debate will likely be remembered as one of the most heated exchanges in recent parliamentary history, symbolizing the broader political battles being fought over democratic processes and electoral transparency in the country.

Goa Nightclub Fire: Shocking Escape Plan of Luthra Brothers Exposed

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Goa – The devastating Goa nightclub fire that claimed 25 lives has taken a controversial turn as investigators revealed that the club owners planned their escape to Thailand while firefighting operations were still underway. The tragedy at Birch by Romeo Lane in North Goa has raised serious questions about the response and accountability of those responsible for the deadly blaze.

Timeline of the Tragic Night

The Goa nightclub fire began on the intervening night of Saturday and Sunday when approximately 100 visitors had gathered at the popular establishment. The first distress call was made at 11:45 pm, alerting emergency services to the massive blaze that would soon turn deadly. By 12:04 am on Sunday, the fire had fully erupted, trapping dozens of revellers inside the packed venue.

While fire and emergency services battled the flames throughout the night until 6 am, conducting rescue operations and recovering victims, the club’s owners were allegedly making arrangements to flee the country. This timing has become a critical aspect of the investigation into the Goa nightclub fire.

Flight Booking During Crisis

According to the Goa Police investigation, Saurabh and Gaurav Luthra, the Delhi-based businessmen who owned Birch by Romeo Lane, booked their tickets to Phuket, Thailand, at 1:17 am on Sunday. This was merely one and a half hours after the fire broke out at their nightclub in North Goa.

The tickets were purchased online through the MakeMyTrip platform while rescue operations were actively underway. Goa Police public relations officer Nilesh Rane confirmed that while emergency personnel were battling the blaze and rescuing those trapped, the accused were preparing to flee the country.

The Luthra brothers departed on IndiGo flight 6E 1073 from New Delhi to Phuket at 5:30 am on Sunday morning, hours before the full extent of the tragedy became apparent. The Goa nightclub fire continued to burn as they made their escape.

Police Response to Escape Allegations

The Goa Police have firmly denied allegations of an “assisted escape” in connection with the Goa nightclub fire investigation. In an official statement, authorities emphasized that the accused fled before the scale of the tragedy was fully known.

“The allegation of an ‘assisted escape’ is completely false. Goa Police and all assisting agencies were at the site throughout the night until 6:00 am carrying out rescue operations, dousing the fire, and recovering the victims,” the police stated.

Authorities explained that the accused left on a 5:30 am flight, meaning they fled immediately after learning of the incident. Police and emergency services remained focused on rescue and recovery operations during those critical hours following the Goa nightclub fire.

Arrests and Ongoing Investigation

While the Luthra brothers remain absconding, the Goa Police have made significant progress in the investigation. Five staff members of the nightclub have been arrested in connection with the Goa nightclub fire. Additionally, Ajay Gupta, identified as a business partner of the Luthras, has also been taken into custody.

The police have initiated international coordination through INTERPOL to trace and arrest the main accused as per legal procedure. The investigation continues to examine all aspects of the Goa nightclub fire, including safety violations and potential negligence.

Legal Proceedings and Defence

The Luthra brothers approached a Delhi court seeking transit anticipatory bail following the Goa nightclub fire tragedy. However, the court declined to grant interim relief on Wednesday and scheduled their anticipatory bail pleas for hearing the following day.

In their defence before the court, the brothers have claimed that they do not own the club in question. They have stated that they acted solely as licensees rather than owners of Birch by Romeo Lane, where the fatal Goa nightclub fire occurred.

The Devastating Impact

The Goa nightclub fire resulted in the deaths of 25 people who had gathered at the popular North Goa venue. The massive blaze trapped visitors inside, leading to one of the deadliest nightclub tragedies in recent Indian history.

Emergency services worked tirelessly through the night, conducting rescue operations and battling the intense flames. The fire broke out when the nightclub was at peak capacity with around 100 visitors present.

Moving Forward

As the investigation into the Goa nightclub fire continues, authorities are working to bring all responsible parties to justice. The case has highlighted concerns about nightclub safety regulations and emergency preparedness in tourist destinations. The swift escape of the main accused has added another layer of complexity to this devastating tragedy that claimed 25 innocent lives.

Jyotiraditya Scindia Announces Strong Expansion and Modernisation of India Post in Lok Sabha: Dece,ber 2025

New Delhi, 10 December 2025:
Union Minister of Communications and Development of North Eastern Region (DoNER), Shri Jyotiraditya M. Scindia, addressed the Lok Sabha during the Winter Session today, highlighting the rapid transformation, expansion, and modernisation of India Post, the world’s largest postal network. The Minister outlined the Government’s achievements over the past decade and detailed future plans to make India Post a global leader in logistics and citizen service delivery.


India Post: World’s Largest Network Continues Expanding

During his address, Shri Scindia emphasized the scale and reach of India Post, which currently operates 1.64 lakh Post Offices, supported by 2.78 lakh Gramin Dak Sevaks (GDS).
He praised the GDS workforce, noting that their contribution goes beyond business:

“Gramin Dak Sevaks toil day and night not only to do business, but to convey emotion from one human being to the other.”

The Minister highlighted the significant expansion of the postal network under Prime Minister Shri Narendra Modi’s leadership over the past 11 years.




Key Achievements in Expansion and Infrastructure Development

Shri Scindia outlined several major milestones that have strengthened India Post’s presence in underserved regions:

  • 4,903 new Post Offices established in Left Wing Extremism-affected states in the last 3.5 years.

  • 5,746 Post Offices sanctioned in unbanked villages, of which 5,657 (97%) are already functional.

  • A total of 10,170 new Post Offices added nationwide in the past 11 years.

  • ₹405 crore invested toward the construction and renovation of Post Office buildings, including 49 heritage Post Offices, described by the Minister as “institutional jewels of India Post.”

Despite these achievements, Shri Scindia noted that 25,000 additional Post Offices owned by India Post still require renovation, and further funding will be sought.


Re-engineering and Automation: India Post’s Modernisation Roadmap

Looking ahead, the Minister announced a large-scale Business Process Re-engineering (BPR) initiative, aimed at transforming India Post into a modern, efficient, technology-centric organisation.

The initiative will focus on:

  • Enhancing first-mile, middle-mile, and last-mile delivery

  • Accelerating logistics processes

  • Improving customer service orientation

  • Integrating digital technologies for smoother, faster operations

Shri Scindia also stressed that India Post is carefully studying global best practices to emerge as one of the world’s premier logistics and parcel delivery systems.


Government’s Continued Commitment

The Union Minister reaffirmed that the Government remains fully committed to strengthening the postal network. The vision is to transform India Post into a technology-driven, future-ready logistics powerhouse that can efficiently serve crores of citizens across the nation.


For more real-time updates, visit Channel 6 Network.

Source: PIB

CGCA Inaugurates Onboarding of MTNL Pensioners onto SAMPANN, Reinforcing Commitment to Seamless Pension Services: 2025

New Delhi, 10 December 2025:
The Controller General of Communication Accounts (CGCA), Smt. Vandana Gupta, inaugurated the onboarding of MTNL pensioners onto the SAMPANN platform at the Office of the Principal CCA, Delhi. The initiative marks a significant milestone in modernizing pension administration for the employees, ensuring transparent, efficient, and fully digital processing of retirement benefits.


Nearly 46,000 MTNL Pensioners to Be Integrated

The initiative will cover 45,939 pensioners from Delhi and Mumbai, including both recently retired employees and past MTNL beneficiaries. As part of the inaugural event, pensioners Shri Prabodh Kumar and Shri Gyanender Singh were felicitated for their years of service and were formally presented with their Electronic Pension Payment Orders (E-PPOs).


SAMPANN to Enable Fully Digital Pension Processing

Smt. Vandana Gupta emphasized that onboarding MTNL retirees onto SAMPANN will enable completely digital and integrated pension management starting December 2025. The platform promises:

  • Accurate, rule-based pension calculations

  • Seamless end-to-end case processing

  • Timely disbursement through PFMS-linked payments

  • Enhanced grievance redressal via integrated channels

  • Access to dashboards and mobile applications (Android & iOS)

She highlighted that the migration of approximately 40,000 MTNL pensioners to the system reflects the Department of Telecommunications’ commitment to building a modern, transparent, and citizen-centric pension ecosystem.




Key Benefits Outlined for MTNL Pensioners

Addressing the gathering, Shri Uday Bhan Tiwari, Controller of Communication Accounts, detailed the major advantages that retirees will now experience:

  • Direct pension disbursement and faster processing

  • Online issuance of Pension Payment Orders

  • Integration with Digital Life Certificate systems

  • Unified grievance management across platforms

  • Greater transparency and reduced paperwork

He expressed gratitude to the O/o CGCA, MTNL officials, and his own team for ensuring a smooth and timely onboarding process.


Positive Response from Pensioners

Representatives from Pr. CCA Mumbai, MTNL and CGCA attended the inauguration. MTNL pensioners expressed appreciation for the proactive efforts of the Principal CCA Delhi, noting the resolution of a long-pending requirement and praising the improved efficiency brought in through SAMPANN.


Conclusion

The onboarding of pensioners onto SAMPANN marks a pivotal step in strengthening the Government’s e-governance initiatives in pension management. With enhanced transparency, digital integration, and user-centric services, the move reaffirms the DoT’s mission to deliver timely and reliable pension services to thousands of retirees.


For more real-time updates, visit Channel 6 Network.

Source: PIB

December 10, 2025: Nifty 50 Closes Lower by 81 Points Amid Broad Sell-Off; Rajsree Sugars, Focus Shine as Hubtown, Kaynes Slide

New Delhi, December 10, 2025:
Indian equity benchmarks ended the session on a weak note, with the Nifty 50 declining 81.65 points (–0.32%) to close at 25,758.00. Persistent selling across financials, banks, and large-cap heavyweights weighed on market sentiment, while select small-cap stocks continued to display exceptional strength.

Also Read: December 10, 2025 (Mid-cap):Nifty 50 Slips 65 Points Amid Broad Market Weakness; SCPL, TV Vision Lead Gainers as Kaynes Plunges


Nifty Ends Near Day’s Low as Financials Remain Under Pressure

By 3:30 PM IST, the Nifty hovered close to its intraday low of 25,734.55, reflecting broad market weakness. The index failed to sustain earlier gains and drifted lower through the afternoon.

Performance across key indices was similarly muted:

  • Nifty Next 50: 67,572.40 (–0.20%)

  • December 10Nifty Financial Services: 27,404.30 (–0.53%)

  • Nifty Bank: 58,960.40 (–0.44%)

The market opened at 25,864.05 and touched a high of 25,947.65, but selling in mid- and large-cap financials dragged the index lower.




Top Gainers: Rajsree Sugars Hits 20% Upper Circuit

Despite the overall softness, small-cap names stole the spotlight.
Rajsree Sugars (RAJSREESUG) surged 20%, hitting the upper circuit at ₹38.40, backed by strong buying interest.

Other major gainers included:
Screenshot 2025 12 10 221727

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
FOCUS 80.37 +13.39 19.99% 5.07 3.92
SCPL 269.00 +42.39 18.71% 7.11 18.73
TIPSFILMS 418.90 +42.85 11.39% 1.95 8.46
S&S POWER 235.19 +21.38 10.00% 0.11 0.26

Sustained momentum in these counters indicates strong retail participation and sectoral-specific buzz in niche small-cap segments.


Top Losers: Hubtown, Kaynes, Dixon Lead the Decline

Selling pressure was pronounced among mid-cap and high-value stocks.

Hubtown led the losers’ list with an 11.09% fall, dropping ₹31.20 to ₹250.05, accompanied by significant volume of 28.99 lakh shares.

Kaynes Technology witnessed a steep decline of 10.51%, losing ₹455 to close at ₹3,876.00, with exceptionally heavy turnover of ₹5,603.91 crore—indicating large institutional exits.

Other major losers included:

Screenshot 2025 12 10 221734

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
ORTINGLOBE 13.87 -1.54 -9.99% 0.30 0.04
DIXON 12,366.00 -1,151.00 -8.52% 9.74 1,247.56
BLISSGVS 148.89 -13.30 -8.20% 21.72 33.17

The sell-off in these names suggests a mix of profit booking, valuation concerns, and heightened volatility ahead of key macro triggers.


Conclusion: December 10, 2025

The Indian markets closed in the red as heavyweights in the financial sector dragged broader indices lower. While large caps struggled, select small- and micro-cap names delivered outsized gains, highlighting a bifurcated market structure. With global cues and domestic macro events looming, volatility is expected to remain elevated in the coming sessions.


December 10, 2025 (opening): Nifty 50 Edges Higher; TIPS Films, SCPL Lead Market Gainers as BLISSGVS Drags Losers

New Delhi, December 10, 2025:
Indian equities opened the day on a positive note, with benchmark indices trading firm amid broad-based buying interest. The Nifty 50 climbed 82.25 points (0.32%) to trade at 25,921.90 as of 10:30 AM IST, reflecting steady sentiment across sectors. Mid-cap and financial indices also contributed to the optimism, supported by gains in select high-volume counters.

Also Read: 9 December 2025: Nifty 50 Falls 120 Points Amid Market Pressure; Small-Cap Stocks Dominate Gainers’ Chart with Strong Double-Digit Rally


Markets Open Higher Despite Mixed Global Cues

The Nifty 50 began the session at 25,864.05, later touching an intraday high of 25,947.65 and a low of 25,832.65.
Other major indices also showed resilience:

  • Nifty Next 50: 68,152.25 (+0.66%)

  • December 10Nifty Financial Services: 27,594.30 (+0.16%)

  • Nifty Bank: 59,376.70 (+0.26%)

The uptick across sectors suggests sustained domestic investor confidence even as global markets remain cautious over macroeconomic uncertainties.




Top Gainers: TIPS Films Surges Over 16%

Small- and mid-cap counters saw strong traction in early trade.
TIPSFILMS emerged as the standout performer with a 16.51% jump, rising ₹62.10 to trade at ₹438.15. The counter, backed by steady volume, continues its upward trend, boosted by momentum buying.

Other notable gainers included:

Screenshot 2025 12 10 103032

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
SCPL 262.00 +35.39 15.62% 3.22 8.39
AKSHOPTFBR 7.03 +0.88 14.31% 4.38 0.30
FOCUS 76.09 +9.11 13.60% 0.81 0.59
STCINDIA 122.04 +12.36 11.27% 2.88 3.50

The surge indicates increased retail and speculative activity in niche segments of the market.


Top Losers: BLISSGVS Declines Over 6%

On the downside, BLISSGVS led the list of losers with a 6.02% fall, sliding ₹9.77 to ₹152.42, despite relatively high trading value of ₹17.33 crore—the highest among the stocks listed in the losers’ group.

Other stocks under pressure included:

Screenshot 2025 12 10 103040

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
ORTINGLOBE 14.24 -1.17 -7.59% 0.12 0.02
EUROTEXIND 19.21 -1.01 -5.00% 0.00 0.00
UNITEDPOLY 33.25 -1.75 -5.00% 0.58 0.19
GLFL 6.65 -0.35 -5.00% 0.03 0.00

Selling pressure in select micro-cap counters indicates profit booking and cautious investor approach in weaker-performing scrips.


Conclusion: December 10, 2025

The Indian markets opened on a constructive note, buoyed by strength in key indices and strong rallies in certain mid- and small-cap stocks. While heavyweight indices remain stable, action in the broader markets continues to drive intraday sentiment. Eyes will remain on global cues and macroeconomic signals as traders navigate the remainder of the session.


December 10, 2025 (Mid-cap):Nifty 50 Slips 65 Points Amid Broad Market Weakness; SCPL, TV Vision Lead Gainers as Kaynes Plunges

New Delhi, December 10, 2025:
Indian benchmark indices turned negative by early afternoon, with the Nifty 50 declining 65.55 points (–0.25%) to 25,774.10 as selling pressure intensified across financials and banks. Despite the broader market weakness, select small- and mid-cap counters outperformed sharply, keeping trading activity buoyant.

Also Read: December 10, 2025 (opening): Nifty 50 Edges Higher; TIPS Films, SCPL Lead Market Gainers as BLISSGVS Drags Losers


Nifty Trades Lower as Financial and Banking Stocks Drag

As of 12:38 PM IST, the Nifty 50 dipped to 25,774.10, inching close to the day’s low of 25,773.50, suggesting bearish sentiment through the noon session.

Key indices reflected weakness across the board:

  • Nifty Next 50: 67,711.10 (+0.01%)

  • Nifty Financial Services: 27,386.40 (–0.59%)

  • December 10Nifty Bank: 58,918.10 (–0.51%)

The market opened at 25,864.05, with an early high of 25,947.65, but persistent profit booking in heavyweight financials capped any upside.




Top Gainers: SCPL Extends Rally With Nearly 18% Jump

Amid the muted index performance, several small-cap counters surged significantly.

SCPL led the gainers’ list with a notable 17.86% rise, adding ₹40.48 to trade at ₹267.09, supported by a strong volume of 4.36 lakh shares, indicating sustained investor interest.

Other key gainers included:

Screenshot 2025 12 10 123850

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
TVVISION 6.62 +0.90 15.73% 2.09 0.13
FOCUS 77.40 +10.42 15.56% 2.38 1.78
TIPSFILMS 432.10 +56.05 14.90% 1.12 4.87
STCINDIA 124.85 +15.17 13.83% 6.63 8.19

The strong upward movement in these counters reflects active speculative trading and sector-specific momentum within micro- and small-cap baskets.


Top Losers: Kaynes Drops 7.49% Amid Heavy Volumes

On the losers’ side, Kaynes Technology saw a sharp decline of 7.49%, losing ₹324.50 to trade at ₹4,006.50. With an exceptionally high volume of 84.69 lakh shares and a traded value exceeding ₹3,566 crore, the stock witnessed significant institutional activity—likely contributing to the steep fall.

Other major losers included:
Screenshot 2025 12 10 123858

Stock LTP (₹) Change (₹) % Change Volume (Lakhs) Value (₹ Cr)
ORTINGLOBE 14.24 -1.17 -7.59% 0.18 0.03
HUBTOWN 263.20 -18.05 -6.42% 8.63 23.67
BLISSGVS 151.89 -10.30 -6.35% 13.93 21.42
KEEPLEARN 2.49 -0.15 -5.68% 0.59 0.01

Declines across these counters reflect a mix of profit booking, sectoral rotation, and cautious sentiment in select mid- and small-cap names.


Conclusion: December 10, 2025

The Indian equity markets traded in the red by early afternoon, weighed down by weakness in financial and banking heavyweights. However, strong gains in a few high-beta small-cap stocks provided some balance to the overall market mood. Traders will be watching global cues, institutional flows, and index-level support zones closely as the session progresses.


Surge in Egg Prices Sparks Emotional Strain on Karnataka’s Midday Meal System: Explosive 7-Point

Rising egg prices across Karnataka have triggered widespread concern among teachers tasked with running the midday meal scheme, forcing many to dig into their own pockets to ensure students do not miss a crucial source of nutrition. The price surge, which has disrupted procurement plans in multiple districts, has placed additional pressure on schools already operating with limited budgets. Teachers say the escalation has been so steep that even modest quantities now exceed allotted funds, compelling them to choose between cutting portions or bearing the cost themselves. Communities are increasingly alarmed by the long-term implications for children’s health.

Officials note that eggs have long been one of the most effective components of the midday meal programme, providing an affordable yet dense source of protein, particularly for children from low-income households. However, with the cost rising far beyond anticipated levels, schools are struggling to maintain regular supply without compromising quality or nutritional standards. Teachers say that while the government reimburses costs periodically, the gaps between allocation and market prices have widened drastically. As a result, interim shortages are becoming more frequent, leading to concerns about irregular nutritional intake among schoolchildren.

The situation has sparked conversations among education officials, nutrition experts, and local administrators about the need for a more dynamic pricing mechanism within the scheme. Many argue that a fixed allocation cannot sustain a programme dependent on highly volatile commodities. Teachers suggest that local bodies should be empowered to adjust procurement budgets in real-time based on prevailing market rates. Without such flexibility, even short-term inflation can disrupt children’s access to nutritious meals. The absence of a buffer mechanism has become especially evident during the current spike, leaving teachers and school management teams scrambling for solutions.Karnataka mid-day meals: Eggs six days a week have increased attendance,  says DSEL (GFX TO BE MAILED) - The Hindu


Mounting Burden on Teachers as Prices Outpace Allocations

Teachers across several districts describe a growing sense of frustration as they attempt to reconcile rising costs with non-negotiable nutritional commitments. Some recount instances where they pooled personal funds to purchase eggs in bulk, fearing that any disruption would demotivate children who rely on the meal as a key incentive to attend school. Others describe delaying payments to vendors, only to face reluctance or reduced supply due to outstanding dues. In many rural areas, teachers have taken on added administrative work to track prices and negotiate with local sellers, work that falls outside their academic responsibilities.

School cooks and helpers, too, are feeling the strain. Many say that while they understand the constraints faced by teachers, they worry about the impact of reduced quantities on children who eagerly wait for the single egg they receive each week. Some cooks have adjusted recipes or borrowed from local farms when possible, but these makeshift solutions are not sustainable. Teachers worry that any inconsistency in supply may undermine trust in the midday meal system, an essential social safety net that has contributed significantly to improving attendance, concentration, and overall nutritional standards across the state.

Administrators acknowledge that the price escalation has heightened tensions between schools and local suppliers. Vendors, especially small-scale poultry traders, argue that they cannot afford to supply eggs at outdated contract rates when market prices fluctuate rapidly. Some districts have already witnessed disruptions after vendors withdrew temporarily, unwilling to incur financial losses. Teachers warn that such breakdowns, if prolonged, could lead to uneven access to meals across different schools, creating unequal nutritional outcomes among students depending on their location.Bringing politics in providing eggs with midday meals in Karnataka is  dangerous. Currently, other than Karnataka, seven other states – Tamil  Nadu, Kerala, Andhra Pradesh, Telangana, Orissa, West Bengal and Jharkhand –


Policy Gaps and Demand for Immediate Government Intervention

The surge in egg prices has also raised questions about the adequacy of current policy frameworks that govern midday meal procurement. Teachers and unions argue that guidelines must be updated to reflect inflation trends, seasonal variations, and regional disparities in production costs. Many say that without revision, schools will continue to face periodic crises that disproportionately affect economically vulnerable children. Education department officials, while acknowledging the pressures, have not yet outlined a comprehensive response, leaving teachers to cope with the daily challenges of balancing budgets in an unpredictable market.

Nutritionists caution that any reduction in egg availability could have significant consequences for children’s health. Eggs provide essential amino acids, vitamins, and minerals that support growth and cognitive development. Experts emphasise that for many children in rural and semi-urban areas, the midday meal egg may be the only source of high-quality protein they receive regularly. Interruptions, even short term, could affect learning outcomes, immune health, and overall wellbeing. They warn against substituting eggs with cheaper alternatives, arguing that nutritional value cannot be compromised in an already fragile food environment.

As pressure mounts, several school management committees have called for immediate financial relief and clearer government communication. Many believe the state should introduce contingency grants or emergency allowances that activate when essential food items witness sudden price spikes. Some have proposed establishing a district-level monitoring cell to track market fluctuations and recommend timely adjustments in allocation. Teachers insist that without structural reform, recurring cycles of price volatility will continue to destabilise the midday meal programme, undermining one of Karnataka’s most impactful welfare initiatives.


The price surge has also prompted discussion on the broader poultry supply chain, with traders attributing the increase to rising feed costs, transportation expenses, and seasonal drops in production. Several argue that the pressures are passed along the chain until they reach the schools and ultimately the teachers managing procurement. Some poultry farmers note that disease outbreaks and fluctuating consumer demand have also contributed to inconsistent supply. While these factors lie outside the education sector, their impact on the midday meal programme is significant, highlighting the need for cross-departmental coordination.

In many districts, parents have begun expressing concern to school authorities about the sustainability of egg distribution under current conditions. Some parents, particularly those from farming and daily-wage backgrounds, say they are unable to supplement their children’s diets at home, making the midday meal egg essential. Teachers report that parents frequently ask whether the scheme will continue uninterrupted, reflecting widespread anxiety about food security during price-sensitive periods. The trust placed in the programme by families underscores the need to maintain consistency regardless of market volatility.Egg in midday meal: 'Won't let Karnataka government backtrack' - The Hindu

School development and monitoring committees have suggested that communities could support short-term mitigation through donations or local pooling efforts. However, teachers caution that relying on community contributions can lead to uneven solutions, benefiting schools with stronger local networks while leaving others underserved. They argue that while community involvement is valuable, the responsibility for sustaining the midday meal programme must remain firmly with the state, as it is a core welfare commitment designed to reduce inequality, not amplify it.

The current crisis has reignited calls for stronger state-level negotiation with poultry suppliers. Teachers and administrators believe that the government could explore bulk procurement at negotiated rates through centralised contracts, which may offer more stability than district-level arrangements. They suggest that centralised purchases, backed by state guarantees, could incentivise suppliers to maintain consistent pricing even during market fluctuations. Some states have adopted such models successfully, reducing the financial uncertainty faced by schools and ensuring uninterrupted distribution of critical food items like eggs.

At the same time, discussions about diversifying protein sources have gained momentum. While eggs remain irreplaceable in terms of nutritional density and acceptance among children, some experts recommend introducing supplementary items such as pulses, fortified foods, or dairy-based products during periods of extreme inflation. Teachers, however, worry that replacing eggs even temporarily could disappoint students and diminish the programme’s appeal. They argue that any diversification should expand options, not substitute established components that children value and look forward to each week.

As awareness of the issue grows, civil society organisations have begun assessing the situation in rural and urban schools. Preliminary reports suggest that schools in remote regions face greater challenges due to transportation costs and fewer suppliers. In some areas, teachers have reported delays of several weeks in receiving reimbursement for purchased eggs, further complicating procurement. NGOs working in the field of child nutrition warn that if timely action is not taken, the cumulative effect of price spikes could widen nutritional disparities between districts, undoing hard-won gains achieved through years of steady programme implementation.

Meanwhile, teachers remain at the centre of the crisis, navigating bureaucratic delays, vendor negotiations, and emotional pressure from students who eagerly await their weekly egg. Many say that while they are committed to ensuring no child goes hungry, it is unfair that they bear the financial burden of systemic gaps. Without timely intervention, they fear burnout, frustration, and declining programme quality. Teachers emphasise that they should not be forced to choose between personal financial strain and a child’s essential nutrition, especially when the scheme is designed to shield children from such vulnerabilities.

Officials in the education department have indicated that discussions are underway to assess the financial implications of revising meal allocations. However, teachers say that these deliberations must translate into quick, concrete actions, as the price burden grows heavier with each passing week. They call for clarity, transparency, and urgency, arguing that delays directly impact the lives of children whose nutritional needs cannot be deferred. For now, they continue to manage the crisis with determination, even as they hope for policy solutions that match the magnitude of the challenge.

Despite the mounting difficulties, teachers assert that the midday meal programme remains indispensable, particularly for children from disadvantaged backgrounds. They recount instances where students attend school not only to learn but also to receive the guarantee of a hot meal and a protein-rich egg. The emotional responsibility teachers feel toward these children has driven them to sustain the programme even under financial strain. Yet they emphasise that compassion alone cannot uphold a state-run system that feeds millions; structural support must evolve to match changing realities.

Ultimately, the surge in egg prices has become more than just a budgeting challenge — it is a test of the state’s commitment to child welfare. Teachers, policymakers, and community members agree that protecting the nutritional integrity of the midday meal scheme must remain a top priority. The crisis exposes the vulnerabilities within current procurement frameworks and offers an opportunity to strengthen them with adaptive budgeting, improved monitoring, and better coordination across departments. As Karnataka navigates this challenge, educators hope that long-term reforms will emerge, ensuring that no child’s wellbeing is compromised due to market fluctuations.

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Corporate Merger: Powering Progress, 7 Bold Strategic Moves

The acquisition of city-based corporate SmartSoC Solutions by U.S. technology company Virtusa has emerged as one of the most closely watched developments in the semiconductor ecosystem this year. Industry observers note that the deal reflects a deliberate pivot by global tech firms toward specialised chip design, verification, and embedded engineering capabilities as demand for advanced semiconductors grows across sectors. SmartSoC, founded by engineers with deep industry experience, has built a reputation for strong technical expertise and a delivery model that aligns well with next-generation semiconductor requirements. The acquisition is therefore being seen as a strategic step that strengthens Virtusa’s presence in high-value engineering domains.

Executives from both companies expressed confidence that the acquisition would accelerate innovation across multiple semiconductor verticals. SmartSoC’s engineering teams specialise in areas such as VLSI design, physical verification, embedded software, and system-on-chip development — all critical components of the global semiconductor supply chain. Virtusa leaders highlighted that the merger allows them to offer end-to-end engineering services to clients navigating increasingly complex chip architectures. Meanwhile, SmartSoC’s leadership emphasised that joining a global organisation would expand their reach, enabling engineers to work on larger international programmes while maintaining local operations that have been central to the firm’s growth.


Expanding Engineering Depth and Global Delivery Strength

The merger is expected to significantly enhance Virtusa’s ability to execute large-scale semiconductor projects. Semiconductor manufacturers are increasingly outsourcing design verification, testing, and specialised engineering functions to firms with proven domain capabilities. SmartSoC’s established delivery network — spread across key engineering hubs — is now being integrated into Virtusa’s global project infrastructure. This will enable the combined entity to deliver faster turnaround times, handle more complex workflows, and support clients that require scalable, multi-geography engineering teams. Analysts believe that such integration will position Virtusa as a major competitor in the semiconductor engineering services space.U.S. company Virtusa buys city firm SmartSoC Solutions to sharpen its focus on semiconductors - The Hindu

In addition, the acquisition brings substantial intellectual property and in-house tools developed by SmartSoC to optimise design cycles and reduce time-to-market for semiconductor customers. These internal frameworks have previously helped SmartSoC secure critical projects in high-performance computing, automotive electronics, consumer devices, and network infrastructure. Virtusa aims to embed these tools within its broader engineering ecosystem, allowing teams to leverage them across a wider set of product lines. The combination is expected to create a synergy that enhances quality, boosts productivity, and reduces operational inefficiencies.


Boost to India’s corporate Semiconductor Workforce and Innovation Ecosystem

The acquisition also carries broader significance for India’s semiconductor talent landscape, which has rapidly expanded in recent years. With multiple global companies establishing chip design and R&D centres in Indian cities, demand for specialised engineering professionals has surged. SmartSoC has been one of the region’s fast-growing engineering employers, offering structured training programmes for fresh graduates and career advancement opportunities for experienced VLSI engineers. Virtusa officials have confirmed that these programmes will continue and may be expanded as part of future workforce development efforts.

For local engineers, the merger is expected to create a stronger platform for exposure to international semiconductor projects. Virtusa’s global network spans diverse markets, enabling Indian teams to contribute to advanced design and verification pipelines across different technology segments. Leaders from both companies indicated that the combined talent pool would be encouraged to participate in global innovation programmes, internal research initiatives, and collaborative engineering challenges. Such opportunities are likely to enhance India’s position as a significant centre for semiconductor design expertise.U.S. company Virtusa buys city firm SmartSoC Solutions to sharpen its focus on semiconductors - The Hindu


The merger has prompted industry stakeholders to examine long-term trends shaping global semiconductor strategies. The ongoing shifts in supply chains, advances in AI computing, and the increasing complexity of chip architectures have created demand for partners who can provide both scale and deep technical specialisation. Virtusa’s acquisition of SmartSoC is viewed within this context — an effort to strengthen value-chain integration by fusing global delivery capabilities with specialised engineering talent. Experts believe that such partnerships will continue as the semiconductor sector evolves toward more collaborative development models.

Among technology firms in India, the acquisition has also sparked conversations about consolidation trends within the engineering services sector. As competition intensifies and project scopes broaden, mid-sized engineering companies may seek partnerships or mergers to enhance capacity. SmartSoC’s successful integration into a global company is being discussed as an example of how home-grown engineering firms can scale their impact while retaining their core identity. Analysts note that consolidation could accelerate innovation by pooling tools, expertise, and talent across organisations.


Virtusa executives have highlighted their commitment to maintaining SmartSoC’s existing client relationships, noting that continuity and technical consistency will remain priorities as integration progresses. In the semiconductor domain, clients often require multi-year partnerships built on trust, execution quality, and predictable delivery timelines. By preserving SmartSoC’s core teams, Virtusa hopes to ensure that clients continue receiving the domain-specific attention that earned the company its reputation. At the same time, expanded resources from Virtusa may allow clients to explore new project scopes or scale ongoing programmes.

The acquisition is also expected to influence digital transformation initiatives tied to semiconductor manufacturing and R&D. Virtusa, known for its work in cloud, data analytics, AI, and enterprise automation, plans to integrate these capabilities with SmartSoC’s engineering expertise. The result could be new service offerings that combine chip-level engineering with software-driven optimisation — a critical need as semiconductor companies adopt more data-centric engineering models. Such integrated solutions have potential to streamline design cycles, enhance simulation accuracy, and improve overall development efficiency.Virtusa Acquires SmartSoC Solutions to Enhance


Within the city’s tech community, the acquisition has been met with excitement and curiosity. Startup founders and engineering professionals view the development as validation of the region’s growing influence in high-tech engineering. SmartSoC’s journey from a local firm to a nationally recognised semiconductor partner now supported by a global technology company is being held up as an example of what strong technical foundations and disciplined execution can achieve. Industry groups believe that the deal may encourage more investment in semiconductor-focused startups and research centres in the region.

Educational institutions too are closely watching the development, anticipating potential collaborations with Virtusa to enhance semiconductor-focused academic programmes. Engineering colleges have expressed interest in developing internships, joint research labs, and VLSI training modules that connect students with real-world industry challenges. Virtusa has previously worked with universities on technology incubation efforts, and similar partnerships in the semiconductor space could strengthen the talent pipeline, benefiting both industry and academia.


Employee responses at SmartSoC have remained overwhelmingly positive, with many describing the acquisition as a gateway to long-term career growth. Team leads have expressed enthusiasm about the prospect of working on larger projects that demand more advanced engineering capabilities. Some employees highlighted that the merger could open opportunities for cross-disciplinary training, allowing semiconductor engineers to engage with AI, cloud platforms, and automation tools that often intersect with chip development. This environment of professional growth has strengthened optimism across teams.

Financial analysts tracking the semiconductor services market noted that the acquisition aligns with rising enterprise demand for specialised engineering firms capable of supporting complex product lifecycles. Traditional IT services companies have begun to diversify into high-end engineering domains to remain competitive, and Virtusa’s move is consistent with this trend. By adding SmartSoC’s capabilities, Virtusa strengthens its ability to participate in next-generation manufacturing transitions, including AI-driven chip architectures, automotive electronics growth, and advanced communications infrastructure.

In the broader semiconductor landscape, the acquisition has renewed conversations around India’s potential to evolve from a design-centric hub to a full-fledged innovation powerhouse. Experts believe that partnerships like this can accelerate the country’s transition by bringing global methodologies, advanced project management systems, and deeper R&D exposure to Indian engineering teams. The presence of multinational companies working closely with specialised domestic firms often leads to faster knowledge transfer and stronger innovation clusters. Policymakers watching the deal argue that such developments support national ambitions to strengthen the semiconductor value chain through skill development and industry-led growth.

For Virtusa, the acquisition provides a strategic advantage in securing long-term semiconductor contracts that require both global delivery scale and niche technical depth. Semiconductor companies increasingly demand partners who can handle end-to-end responsibilities—from RTL design and verification to post-silicon validation and embedded system integration. With SmartSoC’s proven track record in these areas, Virtusa can now position itself as a more comprehensive engineering partner. This expanded capability aligns with industry trends where clients prefer fewer but more capable partners who can manage multidimensional engineering challenges across product cycles.

Meanwhile, local technology associations have expressed confidence that the merger will strengthen collaborative opportunities among regional firms. Semiconductor engineering often requires multi-layered expertise across IP design, testing, firmware, CAD tools, and silicon validation. By bringing Virtusa’s global network together with SmartSoC’s specialised strengths, associations believe that more joint initiatives, consortium-style projects, and skill-sharing workshops may emerge. Such collaborations not only enhance collective competency but also encourage smaller firms to adopt best practices in process quality, documentation, and innovation management.

As the industry absorbs the full implications of the acquisition, both companies have reiterated their commitment to ensuring a smooth integration with minimal disruption to ongoing projects. Integration teams have been set up to align workflow systems, standardise engineering documentation, and synchronise communication channels across global and local delivery centres. Leaders emphasised that the objective is to retain operational continuity while gradually leveraging synergy-driven improvements. The broader expectation is that the combined organisation will evolve into a more agile, innovation-focused engineering force capable of shaping the future of semiconductor development across multiple industries.


Local industry leaders have noted that mergers of this kind can also benefit smaller engineering suppliers within the region. As Virtusa scales project volumes, local vendors providing testing equipment, specialised components, training services, and facility support may see increased demand. This ripple effect is often observed when global companies expand operations in engineering-rich cities. Stakeholders believe that the acquisition could lead to broader ecosystem growth, enhancing the city’s standing as a semiconductor engineering hub.

As the integration process unfolds, both companies have reiterated that their combined goal is to strengthen innovation while preserving SmartSoC’s engineering culture. Leadership teams emphasised that the merger is not simply a financial transaction but a strategic alignment built on shared values of quality, collaboration, and technical excellence. Virtusa’s investment is seen as a long-term commitment to advancing semiconductor engineering capabilities and contributing to the global race for faster, more efficient, and more reliable semiconductor technologies.

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