What is the story about?
The day’s news flow reflected shifting global currents and key domestic policy moves. From tightening US visa rules and what they mean for Indian IT firms, to record highs in gold and silver prices driven by global cues, investors had plenty to track.
Corporate action was in focus too, with Castrol India in the spotlight after a Stonepeak-led consortium launched an open offer following BP’s global stake sale, while VIP Industries surged as the Piramal family completed its exit. Bharti Enterprises and Warburg Pincus announced a strategic investment in Haier India, and IndiGo said operations have stabilised ahead of the holiday travel rush.
Policy and infrastructure updates also shaped the narrative. The Centre ordered a complete ban on new mining leases across the Aravallis, reiterating Supreme Court directions, while the Union Cabinet cleared Delhi Metro’s Phase 5A expansion to boost urban connectivity.
In other developments, ISRO marked a milestone with the successful launch of a record-weight satellite, while the Unnao rape case returned to focus with the survivor approaching the Supreme Court.
We’ll be back on Friday. Merry Christmas to all our readers.
H-1B changes in US: What Indian IT firms’ exposure looks like as visa rules change
Even as the US moves towards a tighter, wage-weighted H-1B visa regime, India’s top IT services companies appear far less exposed to visa policy changes than in previous cycles, with most firms now relying largely on localised US workforces.
Read more
Gold, silver prices scale new peaks in India: What’s keeping rates elevated
Gold and silver prices extended their record-breaking rally in the Indian market on Wednesday (December 24), tracking sharp gains overseas amid expectations of easier US monetary policy and heightened geopolitical risks.
Read more
Also Read: Platinum hits all-time high amid broad surge in gold and silver
Castrol India: Motion JVCo, Stonepeak and CPPIB make 26% open offer
Motion JVCo Limited, along with Stonepeak and Canada Pension Plan Investment Board (CPPIB), has made an open offer to acquire up to 26% equity stake in Castrol India Ltd, according to a public announcement filed with the stock exchanges.
Read more
Centre orders complete ban on new mining leases in Aravallis
The Union Ministry of Environment, Forest and Climate Change (MoEF&CC) has directed states to impose a complete ban on the grant of new mining leases across the entire Aravalli range, stretching from Delhi to Gujarat, in a move aimed at curbing illegal and unregulated mining.
Read more
Bharti Enterprises, Warburg Pincus announce strategic investment in Haier India
Bharti Enterprises and Warburg Pincus on Wednesday (December 24) announced a strategic investment in Haier India, a subsidiary of the Haier Group, to support the company's next phase of growth in the Indian market.
Read more
VIP Industries shares jump 15% after promoter Piramal family completes stake sale to Multiples
Piramal family, promoters of luggage manufacturer VIP Industries Ltd., have completed the transfer of their stake to Multiples PE after another large trade took place on Wednesday, December 24. The stock has surged almost 15% in response.
Read more
Cabinet clears ₹12,015-cr Delhi Metro Phase 5A with 13 new stations
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, December 24, approved Delhi Metro’s Phase 5A expansion project at a total cost of ₹12,014.91 crore, clearing the way for three new corridors spanning over 16 km to boost connectivity across the national capital.
Read more
Unnao rape case: Survivor moves SC against suspension of Kuldeep Sengar’s sentence
Unnao rape case survivor has moved the Supreme Court, a day after she and her mother were dragged and detained at India Gate for staging a protest near Mandi House against the Delhi High Court's verdict on the key accused and expelled BJP leader Kuldeep Singh Sengar.
Read more
ISRO successfully launches and places record-weight BlueBird Block-2 satellite in orbit | Watch
The Indian Space Research Organisation (ISRO) launched the LVM3-M6 mission on Wednesday, December 24, carrying the BlueBird Block-2 communication satellite of US-based AST SpaceMobile, marking a major milestone in India’s commercial launch programme.
Read more
IndiGo says operations stabilised, ready for holiday travel surge
IndiGo on Wednesday, December 24, said it has fully stabilised its operations and is prepared to handle the expected surge in passenger demand during the ongoing holiday season.
Read more
Also Read: India clears two new airlines after IndiGo crisis exposes duopoly risk in aviation market
We'll see you on Friday with another engaging 'Top 10@10’
Corporate action was in focus too, with Castrol India in the spotlight after a Stonepeak-led consortium launched an open offer following BP’s global stake sale, while VIP Industries surged as the Piramal family completed its exit. Bharti Enterprises and Warburg Pincus announced a strategic investment in Haier India, and IndiGo said operations have stabilised ahead of the holiday travel rush.
Policy and infrastructure updates also shaped the narrative. The Centre ordered a complete ban on new mining leases across the Aravallis, reiterating Supreme Court directions, while the Union Cabinet cleared Delhi Metro’s Phase 5A expansion to boost urban connectivity.
In other developments, ISRO marked a milestone with the successful launch of a record-weight satellite, while the Unnao rape case returned to focus with the survivor approaching the Supreme Court.
We’ll be back on Friday. Merry Christmas to all our readers.
H-1B changes in US: What Indian IT firms’ exposure looks like as visa rules change
Even as the US moves towards a tighter, wage-weighted H-1B visa regime, India’s top IT services companies appear far less exposed to visa policy changes than in previous cycles, with most firms now relying largely on localised US workforces.
Read more
Gold, silver prices scale new peaks in India: What’s keeping rates elevated
Gold and silver prices extended their record-breaking rally in the Indian market on Wednesday (December 24), tracking sharp gains overseas amid expectations of easier US monetary policy and heightened geopolitical risks.
Read more
Also Read: Platinum hits all-time high amid broad surge in gold and silver
Castrol India: Motion JVCo, Stonepeak and CPPIB make 26% open offer
Motion JVCo Limited, along with Stonepeak and Canada Pension Plan Investment Board (CPPIB), has made an open offer to acquire up to 26% equity stake in Castrol India Ltd, according to a public announcement filed with the stock exchanges.
Read more
Centre orders complete ban on new mining leases in Aravallis
The Union Ministry of Environment, Forest and Climate Change (MoEF&CC) has directed states to impose a complete ban on the grant of new mining leases across the entire Aravalli range, stretching from Delhi to Gujarat, in a move aimed at curbing illegal and unregulated mining.
Read more
Bharti Enterprises, Warburg Pincus announce strategic investment in Haier India
Bharti Enterprises and Warburg Pincus on Wednesday (December 24) announced a strategic investment in Haier India, a subsidiary of the Haier Group, to support the company's next phase of growth in the Indian market.
Read more
VIP Industries shares jump 15% after promoter Piramal family completes stake sale to Multiples
Piramal family, promoters of luggage manufacturer VIP Industries Ltd., have completed the transfer of their stake to Multiples PE after another large trade took place on Wednesday, December 24. The stock has surged almost 15% in response.
Read more
Cabinet clears ₹12,015-cr Delhi Metro Phase 5A with 13 new stations
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, December 24, approved Delhi Metro’s Phase 5A expansion project at a total cost of ₹12,014.91 crore, clearing the way for three new corridors spanning over 16 km to boost connectivity across the national capital.
Read more
Unnao rape case: Survivor moves SC against suspension of Kuldeep Sengar’s sentence
Unnao rape case survivor has moved the Supreme Court, a day after she and her mother were dragged and detained at India Gate for staging a protest near Mandi House against the Delhi High Court's verdict on the key accused and expelled BJP leader Kuldeep Singh Sengar.
Read more
ISRO successfully launches and places record-weight BlueBird Block-2 satellite in orbit | Watch
The Indian Space Research Organisation (ISRO) launched the LVM3-M6 mission on Wednesday, December 24, carrying the BlueBird Block-2 communication satellite of US-based AST SpaceMobile, marking a major milestone in India’s commercial launch programme.
Read more
IndiGo says operations stabilised, ready for holiday travel surge
IndiGo on Wednesday, December 24, said it has fully stabilised its operations and is prepared to handle the expected surge in passenger demand during the ongoing holiday season.
Read more
Also Read: India clears two new airlines after IndiGo crisis exposes duopoly risk in aviation market
We'll see you on Friday with another engaging 'Top 10@10’
