IGI Logo

Stocks in News

* GRASIM INDUSTRIES: The company approved a fund infusion of up to Rs 500 crore into its subsidiary Aditya Birla Renewables through a preferential issue, while Global Infrastructure Partners (BlackRock) will invest up to Rs 3,000 crore in the same subsidiary.

* NTPC GREEN: The company’s subsidiary has begun commercial operations of 6.6 MW from its 100 MW hybrid project in Bhuj, Gujarat, taking NTPC Green Energy Group’s total installed capacity to 7,645.675 MW.

* INTERGLOBE AVATION: The company said operations have normalised, with 1,800+ flights running today across all 138 stations, and over 1,900 flights planned for Wednesday, even as the government has ordered a 10% reduction in flights

* GPT INFRAPROJECTS: The company won a Rs 199-crore order from North Eastern Railway, Gorakhpur, to construct bridge substructures.

* GODREJ INDUSTRIES AND GODREJ AGRO: The group will invest Rs 10,000 crore in Telangana, while Godrej Jersey has signed an MoU with the state government to invest Rs 150 crore in a new dairy processing unit.

* HIGHWAY INFRA: The company received a Rs 329-crore letter of acceptance for operating and collecting user fees at the Kaza Fee Plaza.

* SWIGGY: The company has opened its QIP, set a floor price of Rs 390.51 per share, and aims to raise up to Rs 10,000 crore.

* TATA POWER: The company has commissioned the 400 kV Koteshwar– Rishikesh transmission line.

* TCC CONCEPT: The company approved the allotment of 1 crore shares on a preferential basis, valued at Rs 592 crore, to Pepperfry.

Economic News

• India-US hold key talks to boost strategic cooperation across defence, tech and trade: US Under Secretary Allison Hooker met with Indian Foreign Secretary Vikram Misri to advance the vision set by Presidents Trump and Modi. Discussions focused on tangible progress in defense, energy, technology, space, and supply chain resilience, aiming to boost US security and jobs while supporting India's growth.

• RBI may need to inject further '2 lakh crore to let rates transmit: To ensure the recent interest rate reduction truly benefits the economy, the Reserve Bank of India may have to infuse a staggering 1.5 lakh crore into the financial system. This move is seen as vital to offset the liquidity drains caused by advance tax payments and possible forex market interventions.

Global News

• China’s inflation edges up but deepening factory-gate deflation signals weak domestic demand: China’s inflation picked up in November as CPI rose to a 21-month high of 0.7%, driven by food prices, even as core inflation stayed steady at a modest 1.2% and monthly prices dipped. Factory-gate deflation worsened with PPI falling 2.2%, highlighting weak domestic demand despite policy support. While China remains on track to meet its ~5% growth target, analysts say long-term stability hinges on reviving the property sector, reducing youth unemployment, and strengthening the social safety net. Policymakers have pledged to boost domestic demand and shift toward supporting household consumption and broader economic restructuring through 2026.

Key Highlights:

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer