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What is the story about?
This week closed on a turbulent note for markets, with stocks ending a volatile week mixed as metal stocks shone, even as the rupee hit a new all-time low of 90.56 amid persistent global and domestic pressures.
Inflation offered little relief, with India’s November CPI rising to 0.71%, marginally below estimates but higher month-on-month. In aviation, the DGCA took decisive action, sacking four Flight Operations Inspectors for the IndiGo fiasco.
Policy developments moved swiftly, with the Union Cabinet approving key insurance bill amendments, including a proposed 100% FDI cap, while also clearing an ₹11,718 crore budget for Census 2027. Commodities grabbed headlines as silver prices crossed ₹2 lakh per kg for the first time.
Corporate and healthcare sectors remained active with the ICICI Prudential AMC IPO opening today, and Novo Nordisk launching Ozempic in India.
In Parliament, Rahul Gandhi flagged rising air pollution.
Stocks end volatile week mixed as metal stocks shine, rupee hits new low
The share market ended a choppy week on a mixed note, with benchmark indices swinging between sharp losses and broad-based recoveries as global cues, currency weakness and selective sectoral strength dictated sentiment.
Read More Here
Rupee hits all-time low of 90.56 against dollar: 5 factors driving the slide
The rupee weakened to an all-time low of 90.56 against the US dollar on Friday (December 12), pressured by a mix of domestic and global factors that weighed on sentiment. The currency opened at 90.43 and extended Thursday’s (December 11's) sharp drop, despite intermittent support from the Reserve Bank of India.
Read More Here
India’s November CPI rises to 0.71%, below estimates but higher MoM
India’s retail inflation edged up in November, with headline CPI printing at 0.71%, lower than the CNBC-TV18 poll estimate of 0.8%. The print, however, was higher than October’s 0.25% month-on-month reading.
Read More Here
DGCA sacks four Flight Operations Inspectors for IndiGo fiasco
The Directorate General of Civil Aviation (DGCA) sacked four key Flight Operations Inspectors with immediate effect in relation to the IndiGo fiasco. The action came even as the aviation watchdog tightened oversight of airline scheduling, crew deployment and safety processes after IndiGo's massive disruptions prompted intervention at the highest levels.
Read More Here
Exclusive| Union Cabinet approves insurance bill amendments, proposes 100% FDI cap
The Union Cabinet has approved the Insurance Amendment Bill, according to people familiar with the development.
The legislation proposes amendments to the Insurance Act, the LIC Act and the IRDAI Act, including a provision to raise the foreign direct investment (FDI) cap in insurance companies to 100%.
Read More Here
Silver prices cross ₹2 lakh per kg for the first time: What's driving the rally
Silver prices surged to a new all-time high on Friday (December 12), crossing the ₹2 lakh-per-kg mark in futures trade for the first time, supported by strong investor interest, tight global supply conditions and broad strength across industrial metals.
Read More Here
Cabinet approves ₹11,718 crore budget for Census 2027
The Cabinet has approved ₹11,718.24 crore for Census 2027, Union Minister Ashwini Vaishnaw said on Friday, December 12, during a press briefing in New Delhi. According to Vaishnaw, the Census will be conducted in two phases and will incorporate digital technology.
Read More Here
ICICI Prudential AMC IPO worth ₹10,602 crore opens today; is the valuation worth it?
The initial public offering (IPO) of ICICI Prudential Asset Management Company, a subsidiary of ICICI Bank, opens on Friday, December 12 and closes on December 16. The price band is ₹2,061 to ₹2,165 per share, valuing the fund house at ₹1.07 lakh crore.
Read More Here
Novo Nordisk brings Ozempic to India for type 2 diabetes, price aligned with Wegovy
Novo Nordisk has launched Ozempic, its injectable semaglutide formulation for Type 2 diabetes, in the Indian market, with the company positioning the drug as a key addition to its diabetes portfolio alongside its recently introduced obesity treatment Wegovy.
Read More Here
Rahul Gandhi raises issue of air pollution in major cities, seeks discussion in Lok Sabha
Congress MP and Leader of the Opposition Rahul Gandhi on Friday (December 12) raised the issue of air pollution in major cities of the country and sought a discussion on the same in the Lok Sabha. Gandhi raising the issue during Zero Hour. He said the discussion on the issue can be framed in an interesting manner where the Opposition and the government do not trade abuses at each other, but find a solution to the problem.
Read More Here
We'll see you on Monday with another engaging 'Top 10@10
Inflation offered little relief, with India’s November CPI rising to 0.71%, marginally below estimates but higher month-on-month. In aviation, the DGCA took decisive action, sacking four Flight Operations Inspectors for the IndiGo fiasco.
Policy developments moved swiftly, with the Union Cabinet approving key insurance bill amendments, including a proposed 100% FDI cap, while also clearing an ₹11,718 crore budget for Census 2027. Commodities grabbed headlines as silver prices crossed ₹2 lakh per kg for the first time.
Corporate and healthcare sectors remained active with the ICICI Prudential AMC IPO opening today, and Novo Nordisk launching Ozempic in India.
In Parliament, Rahul Gandhi flagged rising air pollution.
Stocks end volatile week mixed as metal stocks shine, rupee hits new low
The share market ended a choppy week on a mixed note, with benchmark indices swinging between sharp losses and broad-based recoveries as global cues, currency weakness and selective sectoral strength dictated sentiment.
Read More Here
Rupee hits all-time low of 90.56 against dollar: 5 factors driving the slide
The rupee weakened to an all-time low of 90.56 against the US dollar on Friday (December 12), pressured by a mix of domestic and global factors that weighed on sentiment. The currency opened at 90.43 and extended Thursday’s (December 11's) sharp drop, despite intermittent support from the Reserve Bank of India.
Read More Here
India’s November CPI rises to 0.71%, below estimates but higher MoM
India’s retail inflation edged up in November, with headline CPI printing at 0.71%, lower than the CNBC-TV18 poll estimate of 0.8%. The print, however, was higher than October’s 0.25% month-on-month reading.
Read More Here
DGCA sacks four Flight Operations Inspectors for IndiGo fiasco
The Directorate General of Civil Aviation (DGCA) sacked four key Flight Operations Inspectors with immediate effect in relation to the IndiGo fiasco. The action came even as the aviation watchdog tightened oversight of airline scheduling, crew deployment and safety processes after IndiGo's massive disruptions prompted intervention at the highest levels.
Read More Here
Exclusive| Union Cabinet approves insurance bill amendments, proposes 100% FDI cap
The Union Cabinet has approved the Insurance Amendment Bill, according to people familiar with the development.
The legislation proposes amendments to the Insurance Act, the LIC Act and the IRDAI Act, including a provision to raise the foreign direct investment (FDI) cap in insurance companies to 100%.
Read More Here
Silver prices cross ₹2 lakh per kg for the first time: What's driving the rally
Silver prices surged to a new all-time high on Friday (December 12), crossing the ₹2 lakh-per-kg mark in futures trade for the first time, supported by strong investor interest, tight global supply conditions and broad strength across industrial metals.
Read More Here
Cabinet approves ₹11,718 crore budget for Census 2027
The Cabinet has approved ₹11,718.24 crore for Census 2027, Union Minister Ashwini Vaishnaw said on Friday, December 12, during a press briefing in New Delhi. According to Vaishnaw, the Census will be conducted in two phases and will incorporate digital technology.
Read More Here
ICICI Prudential AMC IPO worth ₹10,602 crore opens today; is the valuation worth it?
The initial public offering (IPO) of ICICI Prudential Asset Management Company, a subsidiary of ICICI Bank, opens on Friday, December 12 and closes on December 16. The price band is ₹2,061 to ₹2,165 per share, valuing the fund house at ₹1.07 lakh crore.
Read More Here
Novo Nordisk brings Ozempic to India for type 2 diabetes, price aligned with Wegovy
Novo Nordisk has launched Ozempic, its injectable semaglutide formulation for Type 2 diabetes, in the Indian market, with the company positioning the drug as a key addition to its diabetes portfolio alongside its recently introduced obesity treatment Wegovy.
Read More Here
Rahul Gandhi raises issue of air pollution in major cities, seeks discussion in Lok Sabha
Congress MP and Leader of the Opposition Rahul Gandhi on Friday (December 12) raised the issue of air pollution in major cities of the country and sought a discussion on the same in the Lok Sabha. Gandhi raising the issue during Zero Hour. He said the discussion on the issue can be framed in an interesting manner where the Opposition and the government do not trade abuses at each other, but find a solution to the problem.
Read More Here
We'll see you on Monday with another engaging 'Top 10@10
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