Export Surge to China
In December, India experienced a significant uptick in exports to China, marking a 67% increase. This surge highlights the evolving trade relationship
between the two nations, indicating increased demand for Indian goods in the Chinese market. These figures point to potential shifts in global trade dynamics and opportunities for Indian exporters. This boost could be attributed to a variety of factors, including competitive pricing, improved product quality, and strategic market access initiatives.
Investment & Corporate News
Several major Indian corporations presented their financial performances. Emmvee Power witnessed a threefold increase in Q3 profits, reaching Rs 264 crore, while Angel One experienced a slight decrease of 4.5% in profit, settling at Rs 269 crore. Jio Financial Services reported a 9% drop in Q3 profit. Godrej Properties saw a substantial rise in sales, increasing by 55% to Rs 8,421 crore. 360 ONE WAM also observed a positive trend, with profits jumping 20% to Rs 331 crore. HDFC Life's Q3 profit remained flat at Rs 418 crore. LTTS saw a 6% decline in Q3 profit to Rs 302 crore. These figures reflect the diverse performance landscape of various sectors within the Indian economy.
Policy & Regulatory Updates
Various policy adjustments and regulatory developments are shaping India's economic environment. The India-EU Free Trade Deal is nearing completion, as stated by the Commerce Secretary. There are ongoing talks to resume India-Canada FTA talks. A survey indicated that manufacturing growth is being hindered by compliance issues. Discussions about the Automobile PLI Scheme revamp and the promotion of Green Mobility are taking place. The UP Excise Policy for 2026-27 is designed to boost distilleries. These measures reflect the government's focus on fostering trade relationships and promoting industrial growth.
Sector-Specific Developments
Several sectors witnessed distinct developments. The real estate sector saw a notable increase in investment, with a 68% rise to $3.73 billion. Smartphone exports also surged, increasing by 43.7% to $18.8 billion. The power sector has a potential investment of $500 billion. The oil industry is requesting the abolition of the OID Cess. The Himachal Pradesh Chief Minister is seeking an increase in apple import duty. These movements show sector-specific dynamics and government support for various industries.
Financial Market Insights
The financial markets presented several key events and trends. Silver and gold prices reached record highs in Delhi. The NSE IPO received Sebi's agreement to a settlement. Moody's upgraded the outlook for Adani Transmission and Electricity. Biocon secured Rs 4,150 crore through a QIP issue. IIJS Bharat Signature 2026 is projecting business of Rs 75,000 crore. These developments showcase the continuous evolution and shifts in India's financial ecosystem.
