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Impact Analysis |
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- RBI plans a mega infusion of $32 billion into money markets in January 2026
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- This will include $22 billion of buying in government bonds plus an additional $10 billion buy/sell dollar rupee swaps
- Both these infusions will be completed in four equal tranches; starting the last week of December; and into January 2026
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- Adani to merge its multiple cement franchises into one single entity
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- Under Adani group; Ambuja Cements, ACC, and Orient Cement will be merged under the Ambuja Cement banner
- The consolidated cement capacity will stand at 107 MTPA and will result in cost and logistical efficiencies for the group
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- Kotak Bank emerges as a likely front-runner for the IDBI Bank stake sale
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- Between the central government and LIC; a total of 60.7% stake in IDBI Bank will be divested to the successful bidder
- While the successful bidder gets management control, the Government/LIC combine can still block special resolutions
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- India core sector growth for November 2025 came in at a relatively tepid 1.76%
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- However, this core sector growth is better than the marginal contraction of 6 bps seen in the month of October 2025
- Four out of the eight core sectors contracted in November, with most of the pressure coming from fossil fuels segment
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- Spot gold rallies to $4,521/oz gaining over 4.2% during the recent week
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- Gold has gained this week amid rising political uncertainty in Venezuela; with the US trying to block their oil shipments
- In addition, gold is also rallying on the back of expectations of a rate cut in January 2026, after 4.6% unemployment data
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- Spot silver rallies a whopping 152% during the calendar year 2025
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- Year 2025 is not just the best rally for gold since 1979, but also the finest rally for Silver from $29.57/oz to $74.65/oz
- However, the rally in 2025 is only the second best for silver, as the metal had rallied an incredible 415% in the year 1979
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- RBI intervention and guidance keeps USDINR under ₹90/$ this week
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- After the sharp rally on the previous Friday, the rupee closed under ₹90/$ on all trading days during the current week
- Apart from the RBI’s continuous selling of dollars, its plan to sell nearly $10 billion of dollar/rupee swaps holds the key
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- Coforge acquires US-based Encora for $2.35 billion in an all-stock swap deal
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- Encora operates in the digital engineering space creating a major player in AI-led engineering, cloud, and data services
- Post the deal, while Encora will get absorbed into Coforge, the shareholders of Encora will hold 21.25% of Coforge shares
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- With Indo-US trade deal elusive, 2026 will focus on diversification and FTAs
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- In FY27, the merchandise imports are likely to grow at 5.6%, still about 150 bps higher than the 4.1% growth in exports
- US tariffs are hitting India where it hurts, so 2026 will focus on non-US geographies and strategic free trade agreements (FTA)
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- OYO shareholders approve proposed ₹6,650 crore fresh issue IPO
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- The timing of the issue appears to be right for OYO Rooms with EBITDA for FY26 expected to double to ₹2,496 crore
- The parent of Oyo Rooms, PRISM, recently saw its corporate family ratings affirmed by Moody’s with stable outlook
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- Amazon and Flipkart disrupting Blinkit quick commerce model with discounts
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- With generous discounts of nearly 23%, Amazon and Flipkart are again proving that cost matters more in India than speed
- Over the last few months, Swiggy, Blinkit, and Zepto had loaded a variety of charges, making quick commerce costly
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- NHAI has just secured another ₹3,087 crore via asset monetization
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- IRB Infra has emerged as the front-runner in acquiring road assets of NHAI paying ₹34,000 crore upfront to government
- NHAI is targeting to achieve asset monetization of ₹40,000 crore in FY26 against the budget target of ₹30,000 crore
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- Big expectation is a 20% tax holiday on AI data centres from Budget 2026
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- India has just started setting up gigawatt scale AI data centres in India and this tax holiday will help in rapid scaling up
- The key stakeholders are not only seeking fiscal tax holidays, but also want full GST input tax credits ((ITC) on such assets
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- Bharti Enterprises acquired 49% in Haier India, a Chinese consumer brand
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- The remaining 49% stake will be with Haier while the top management will continue to hold about 2% in the company
- Deal value is not known, but considering Haier’s valuation of ₹15,000 crore; this will be close to ₹7,500 crore in value
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- Benchmark bond yield fell sharply by 15 basis points from 6.69% to 6.54%
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- The sharp fall in yields came after the RBI announced the ₹2 trillion open market operations (OMO) to infuse liquidity
- Bond yields had also risen on expectations of end of the rate cut cycle, but it looks like there may be another 25-bps cut
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- Year 2025 saw 14% fall in home sales volumes but 6% higher sales value
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- While just 3.96 lakh units were sold across the 7 major cities, the value of sales increased from ₹5.7 trillion to ₹6.0 trillion
- According to Anarock, this was because the average sale price of residential homes in these cities was up by 8% yoy
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- Nearly 4 crore Indian homes have quit paid TV over the last six years
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- This is because nearly 15% of the 31.3 crore people in the 15+ age group are digital only viewers; and they are substantial
- Despite the deep reach of paid TV, the viewership has been falling, and that has led to contraction in ad revenues
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- IBBI notifies new rules to curb re-entry of promoters in distressed companies
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- Going ahead, any restructuring plan will require details of the eventual beneficial owners to avoid back-door entry
- In addition, the prospective bidders must also file an affidavit about the eligibility to bid for the distressed companies
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- India to shortly start chip exports under the India Semiconductor Mission
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- The idea of the mission is to ensure that India becomes self-reliant in semiconductors, and also exports the same
- The advent of AI has led to substantial creation of technology infrastructure globally, and India sees big opportunities here
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- Ajanta Pharma ties up with Biocon to market Semaglutide in 26 countries
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- Out of these 26, countries, Ajanta Pharma will be an exclusive marketer in 23 countries, and semi-exclusive in 3 countries
- Semaglutide is used to improve glycaemic control in adults with product patent set to expire in March 2026
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- RBI postponed Phase 2 of rapid cheque clearance system launched in Oct-25
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- Phase 2 was scheduled for rollout on 03-Jan-2026, and was likely to be very stringent with 3-hour clearing deadline
- The idea behind the postponement is to give the Indian banks more time to adjust and adapt their systems to the shift
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