Fiscal & Market Moves
The fiscal deficit hit 29.9% of the target, according to CGA data. Meanwhile, the stock market saw a decline, resulting in a loss of Rs 11.21 lakh crore.
In the IPO realm, Vikran Engineering was subscribed 23.59 times, and Anlon Healthcare, 7.12 times. The BSE launched its Capital Markets Index.
Corporate Actions & Deals
Capgemini sought CCI clearance to acquire Cloud4C, and Zydus Wellness acquired Comfort Click for GBP 239 million. Reliance's AGM saw Anant Ambani's debut. Emami aims to expand into new overseas markets. Cognizant planned to deploy 1,000 AI context engineers, signifying a push for tech integration.
Economic Outlooks & Policies
India's economic growth was forecasted for FY26, discussed by Nageswaran. NITI Aayog focused on India's green growth, emphasizing a low-carbon path. Discussions also covered India-US trade, GST reforms, and CSR fund spending, highlighting the government's focus on diverse aspects of the economy.
Sector-Specific Highlights
E-commerce saw a surge, creating 3.8 lakh jobs for the festive season. Myntra planned 11,000 jobs for its Big Fashion Festival. NHAI restored the Kiratpur-Manali section. Odisha's CM discussed GST reforms and the Viksit Odisha 2036 vision, while affordable homes saw a supply plunge.
International & Financial News
ONGC Videsh had USD 350 million stuck in Russia. India's Forex reserves dropped to USD 690.72 billion. LIC paid Rs 7,324 crore in dividends. Russia's fertiliser exports to India increased by 20%. India and Japan collaborated for GHG emission cuts.
