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Back home, the markets finally caught a break. After three straight days in the red, the Sensex and Nifty bounced back smartly, with all major indices closing higher. Equity mutual fund inflows were up 21% in November and SIP flows stayed at record levels. The weak spot: the rupee, which slipped to yet another record low against the US dollar.
Aviation remained busy as IndiGo stabilised operations with nearly 2,000 flights, while the DGCA questioned the airline’s CEO once again. Mexico stirred the global trade pot by announcing steep tariffs on imports from India and other Asian economies. And the government is now weighing whether AI firms should pay royalty for using copyrighted content.
On the corporate side, Nestlé India sounded upbeat about 2026, Ola’s parent faced a downgrade from S&P, and boAt ran into fresh scrutiny over its IPO plans. Motilal Oswal’s latest study, meanwhile, laid out 30 potential multibaggers for India’s next growth decade.
PM Modi, President Donald Trump review strategic partnership; Push to deepen trade, tech and defence cooperation
Prime Minister Narendra Modi and US President Donald Trump held a telephone conversation on Thursday, taking stock of the progress in the India–US Comprehensive Global Strategic Partnership and signalling intent to accelerate cooperation across key sectors.
According to officials familiar with the exchange, both leaders expressed satisfaction at the steady strengthening of bilateral engagements, noting that the strategic partnership has continued to broaden despite geopolitical flux.
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Markets rebound as Nifty nears 25,900, Sensex gains 429 points
Markets bounced back on Thursday, snapping a three-day losing streak as buying emerged at lower levels across sectors. The Nifty closed near 25,900, while the Sensex added 429 points to 84,818, supported by gains in capital markets, metals, and midcaps.
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ANZ projects USD/INR at 91.50 by FY27 — but warns level could come much sooner
The rupee’s slide accelerated on Wednesday, with the currency hitting a fresh all-time low of 90.47 against the dollar as importer hedging surged and optimism around an India–US trade deal faded.
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DGCA to question IndiGo CEO Pieter Elbers on Dec 12; disruptions drag on
IndiGo CEO Pieter Elbers has been summoned to appear before the Committee of Officers at the Directorate General of Civil Aviation (DGCA) tomorrow, December 12, 2025. The committee is investigating the recent widespread flight disruptions that affected lakhs of passengers across India.
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Piyush Goyal on trade talks: If the US is happy, they should be signing on the dotted line
Responding to a question referring to a statement by the US saying that they've got the best deal yet and whether India has offered them anything that they're so happy about, Commerce and Industry Minister Piyush Goyal said that the question was for the US Trade Representative to answer. Stating that his happiness is very much welcome, he added: "I do believe that if they're very happy, they should be signing on the dotted line."
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Mexico's Congress approves tariff hikes on imports from China and others
Mexico’s Congress approved on Wednesday most of the tariff increases proposed by the government on more than 1,400 products imported from China and other countries that do not have free trade agreements with Mexico.
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Exclusive: Manish Tiwary on Nestle India's future — Digitisation, rural push and the 3 engines of growth
Nestlé India’s new Chairman and Managing Director, Manish Tiwary, stepped into his first interaction after taking charge with a rare mix of calm clarity and long-term ambition. Much like his approach to running marathons, he says the first five kilometres are always crowded. You do not chase the noise around you. You focus on your pace. That is exactly how he views Nestlé’s next phase: stay steady, stay focused, stay long-term.
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India moves to make AI firms pay up for the content they learn from
The government has proposed a mandatory licensing framework under which artificial intelligence companies will be required to pay creators for copyrighted content used to train AI models.
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Mukesh Ambani urges youth to lead India’s tech future at PDEU 13th convocation
Reliance Industries Chairman Mukesh Ambani on Thursday, December 11, called on India’s youth to take charge of shaping the country’s future, especially at a time of intense global competition in emerging technologies. He was speaking at the 13th convocation of Pandit Deendayal Energy University (PDEU) in Gandhinagar.
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Donald Trump launches gold card: How it differs from green card
US President Donald Trump has officially launched a ‘Gold Card’ visa programme, a high-priced immigration initiative designed to attract top talent to the country. The program allows foreign nationals to get permanent residency in the country by paying $1 million to the US Treasury.
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We'll see you on Friday with another engaging 'Top 10@10
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