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What is the story about?
Markets wrapped up the week on a steadier note, with the Nifty snapping a three-week losing streak even as IT and auto stocks capped gains in the final sessions. Corporate action remained firmly in focus, led by a CNBC-TV18-confirmed mega deal, with Coforge signing a definitive agreement to acquire Encora for $2 billion, marking one of the largest overseas buys in the Indian IT space. In the startup and IPO universe, quick commerce player Zepto is set to file confidential draft papers, targeting a public listing in the second half of 2026.
Elsewhere, Titan made a strategic bet on lab-grown diamonds with the launch of its new brand ‘beYon’, while Tata Steel’s Netherlands arm faces a $1.6 billion compensation claim from a Dutch nonprofit over alleged health and environmental damage.
On the policy and governance front, the Delhi High Court questioned the Centre on high GST rates for air purifiers, even as the CAG flagged gaps in rural electrification claims under DDUGJY and Saubhagya. Global developments also stayed in focus, with Ukrainian President Volodymyr Zelenskyy set to meet US President Donald Trump for talks on security guarantees.
Here are the top 10 stories you need to track tonight.
CNBC-TV18 newsbreak confirmed: Coforge to acquire Encora for $2 billion
Coforge Ltd has signed a definitive agreement to acquire 100% shares of Encora for ₹17,032 crore. The company will buy shares from Advent International, Warburg Pincus and other minority shareholders. Coforge believes the acquisition of Encora is a "defining moment" for the company.
Read More Here
Zepto to file confidential IPO papers today: All you need to know
Quick commerce operator and a peer company of Eternal and Swiggy, Zepto Ltd. will be filing its draft IPO papers today, targeting a listing between July to September of 2026. Sources tell CNBC-TV18 that Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities, and Motilal Oswal are the Book Running Lead Managers (BRLMs) for the IPO.
Read More Here
Nifty ends three-week losing streak, but IT and auto stocks drag
Benchmark indices concluded the week with minor gains, as Nifty snapped a three-week losing streak. Nifty Bank underperformed, closing lower for the third consecutive week. Defence and metal stocks led sectoral gains, each rising nearly 3%.
Read More Here
Also Read: Rupee falls 23 paise to 89.94 against US dollar in early trade
Titan bets on lab-grown diamonds with ‘beYon’ to tap new jewellery buyers
Titan Company is set to enter the lab-grown diamond market, a significant strategic move for the jewellery major. The company has officially announced its foray into this emerging space with a new brand named 'beYon'. This development confirms previous market speculation that began after the company trademarked the brand name.
Read More Here
Tata Steel says Dutch NGO seeks $1.6 billion for alleged health damage
A Dutch nonprofit is seeking €1.4 billion ($1.6 billion) in compensation from Tata Steel’s Netherlands units, alleging that harmful emissions from its operations have caused environmental harm and health damage to nearby residents.
Read More Here
Delhi HC asks Centre why GST on air purifiers can’t be lowered
The Delhi High Court on Friday, December 26, asked the Centre why it cannot reduce the GST charged on air purifiers to make it affordable for the common man in view of the worsening air quality in the national capital and nearby areas. The court’s query came after the counsel for the Centre submitted that the GST Council is a constitutional body and it is no longer a unilateral levy of Delhi. It is a federal levy in all over India so all 30 states and union territories have to agree and involves union finance minister as its member.
Read More Here
CAG flags gaps in rural electrification claims under DDUGJY, Saubhagya despite '100% completion' assertions
A report by the Comptroller and Auditor General of India (CAG) has flagged serious shortcomings in the implementation of the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya), questioning government claims of 100% household electrification and pointing to delays, duplicate claims and undue benefits extended to contractors.
Read More Here
After a milestone 2025, is India’s REIT market ready for a bigger leap?
India's Real Estate Investment Trust (REIT) market is gaining fresh visibility, supported by its fifth listing in 2025 and a series of transformative regulatory reforms. The conversation has now shifted from whether REITs will scale in India to how quickly the market can grow from here.
Read More Here
Zelenskyy says will meet with Trump in Florida on Sunday for talks on Ukraine security guarantees
Ukrainian President Volodymyr Zelenskyy said Friday that he will meet with US President Donald Trump in Florida over the weekend.
Zelenskyy told journalists that the two leaders will discuss security guarantees for Ukraine during Sunday’s talks, and that the 20-point plan under discussion “is about 90% ready.” An “economic agreement” also will be discussed, Zelenskyy said, but that he was unable to confirm “whether anything will be finalised by the end.” The Ukrainian side will also raise ”territorial issues”, he said.
Read More Here
What to know about the Islamic State militants hit by US airstrikes in northwest Nigeria
The United States airstrikes that targeted Islamic State militants in northwestern Nigeria's on Thursday marked a major escalation in an offensive that Nigeria's overstretched military has struggled with for years.
Read More Here
We'll see you on Monday with another engaging 'Top 10@10’.
Elsewhere, Titan made a strategic bet on lab-grown diamonds with the launch of its new brand ‘beYon’, while Tata Steel’s Netherlands arm faces a $1.6 billion compensation claim from a Dutch nonprofit over alleged health and environmental damage.
On the policy and governance front, the Delhi High Court questioned the Centre on high GST rates for air purifiers, even as the CAG flagged gaps in rural electrification claims under DDUGJY and Saubhagya. Global developments also stayed in focus, with Ukrainian President Volodymyr Zelenskyy set to meet US President Donald Trump for talks on security guarantees.
Here are the top 10 stories you need to track tonight.
CNBC-TV18 newsbreak confirmed: Coforge to acquire Encora for $2 billion
Coforge Ltd has signed a definitive agreement to acquire 100% shares of Encora for ₹17,032 crore. The company will buy shares from Advent International, Warburg Pincus and other minority shareholders. Coforge believes the acquisition of Encora is a "defining moment" for the company.
Read More Here
Zepto to file confidential IPO papers today: All you need to know
Quick commerce operator and a peer company of Eternal and Swiggy, Zepto Ltd. will be filing its draft IPO papers today, targeting a listing between July to September of 2026. Sources tell CNBC-TV18 that Morgan Stanley, Axis Capital, HSBC, Goldman Sachs, JM Financial, IIFL Securities, and Motilal Oswal are the Book Running Lead Managers (BRLMs) for the IPO.
Read More Here
Nifty ends three-week losing streak, but IT and auto stocks drag
Benchmark indices concluded the week with minor gains, as Nifty snapped a three-week losing streak. Nifty Bank underperformed, closing lower for the third consecutive week. Defence and metal stocks led sectoral gains, each rising nearly 3%.
Read More Here
Also Read: Rupee falls 23 paise to 89.94 against US dollar in early trade
Titan bets on lab-grown diamonds with ‘beYon’ to tap new jewellery buyers
Titan Company is set to enter the lab-grown diamond market, a significant strategic move for the jewellery major. The company has officially announced its foray into this emerging space with a new brand named 'beYon'. This development confirms previous market speculation that began after the company trademarked the brand name.
Read More Here
Tata Steel says Dutch NGO seeks $1.6 billion for alleged health damage
A Dutch nonprofit is seeking €1.4 billion ($1.6 billion) in compensation from Tata Steel’s Netherlands units, alleging that harmful emissions from its operations have caused environmental harm and health damage to nearby residents.
Read More Here
Delhi HC asks Centre why GST on air purifiers can’t be lowered
The Delhi High Court on Friday, December 26, asked the Centre why it cannot reduce the GST charged on air purifiers to make it affordable for the common man in view of the worsening air quality in the national capital and nearby areas. The court’s query came after the counsel for the Centre submitted that the GST Council is a constitutional body and it is no longer a unilateral levy of Delhi. It is a federal levy in all over India so all 30 states and union territories have to agree and involves union finance minister as its member.
Read More Here
CAG flags gaps in rural electrification claims under DDUGJY, Saubhagya despite '100% completion' assertions
A report by the Comptroller and Auditor General of India (CAG) has flagged serious shortcomings in the implementation of the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya), questioning government claims of 100% household electrification and pointing to delays, duplicate claims and undue benefits extended to contractors.
Read More Here
After a milestone 2025, is India’s REIT market ready for a bigger leap?
India's Real Estate Investment Trust (REIT) market is gaining fresh visibility, supported by its fifth listing in 2025 and a series of transformative regulatory reforms. The conversation has now shifted from whether REITs will scale in India to how quickly the market can grow from here.
Read More Here
Zelenskyy says will meet with Trump in Florida on Sunday for talks on Ukraine security guarantees
Ukrainian President Volodymyr Zelenskyy said Friday that he will meet with US President Donald Trump in Florida over the weekend.
Zelenskyy told journalists that the two leaders will discuss security guarantees for Ukraine during Sunday’s talks, and that the 20-point plan under discussion “is about 90% ready.” An “economic agreement” also will be discussed, Zelenskyy said, but that he was unable to confirm “whether anything will be finalised by the end.” The Ukrainian side will also raise ”territorial issues”, he said.
Read More Here
What to know about the Islamic State militants hit by US airstrikes in northwest Nigeria
The United States airstrikes that targeted Islamic State militants in northwestern Nigeria's on Thursday marked a major escalation in an offensive that Nigeria's overstretched military has struggled with for years.
Read More Here
We'll see you on Monday with another engaging 'Top 10@10’.
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