Tue Dec 16 04:00:00 UTC 2025: Here’s a summary of the text, followed by a news article rewrite:

Summary:

The text presents a collection of business and market news updates. Key highlights include Tata Power’s plan to invest ₹25,000 crore annually in clean energy and other projects until FY30, SBI’s appointment of Ravi Ranjan as Managing Director, 360 One Asset raising a significant real estate fund, State Bank of India enhancing digital migration for customers through dedicated executives, Hyundai Motor India appointing Garg as Managing Director and CEO from January 1, 2026, HCLTech expanding partnership with Aurobay Technologies for SAP and Siemens Teamcenter PLM services, and other news related to MTNL property sales, financial institutions expanding digital banking and RPG group incorporating an API subsidiary.

News Article:

Indian Market Roundup: Tata Power Eyes Massive Investment, SBI Gets New MD, and More

Mumbai, India – December 16, 2025 (08:32 IST) – Indian markets are poised for a slightly lower open, with GIFT NIFTY futures suggesting a 73-point dip for the NIFTY50. Amidst this backdrop, several companies have announced significant developments.

Tata Power Boosts Investment in Clean Energy: Tata Power revealed ambitious capital expenditure plans, aiming to invest ₹25,000 crore in the current fiscal year and maintain that level of spending annually until FY30. A significant 65% of this investment will be directed towards clean energy projects.

SBI Appoints New Leadership & Enhances Digital Push: Ravi Ranjan has been appointed as the new Managing Director of State Bank of India (SBI). SBI is also intensifying efforts to migrate customers to digital channels by deploying dedicated executives in branches to assist with the transition.

360 One Secures Real Estate Fund: 360 One Asset announced the successful raising of a ₹2,300 crore real estate fund, with the majority already deployed in infrastructure and commercial assets.

Hyundai’s Leadership Transition: Hyundai Motor India Ltd (HMIL) confirmed the appointment of Garg as Managing Director and CEO, effective January 1, 2026.

Tech and Other Developments:
* HCLTech & Aurobay Strengthen Partnership: HCLTech is expanding its role as a trusted partner for Aurobay Technologies, managing and optimising SAP, Siemens Teamcenter PLM software and integration services in Sweden and China.
* MTNL Property Sale: MTNL continues with its asset monetization plans, with stamp duty and registration fees for the property transfer to be borne by NABARD.
* RPG Group Enters API Manufacturing: RPG is set to incorporate a wholly owned subsidiary, “RPG Active Pharma Limited”, focused on manufacturing and marketing active pharmaceutical ingredients.

These developments highlight continued investment and strategic shifts across various sectors of the Indian economy.

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