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Stocks in News

* TATA STEEL: The board approved acquiring a 50% stake in Thriveni Pellets for Rs 636 crore and signed an MoU with Lloyd Metals & Energy to explore iron-ore mining and logistics opportunities.

* ASHOKA BUILDCON: The company’s JV secured a Rs 1,816 crore Letter of Acceptance from BMC for the Mithi River Development and Pollution Control Project.

* PETRONET LNG: The company signed an agreement to raise a secured rupee term loan of Rs 12,000 crore from a consortium of SBI and Bank of Baroda.

* DCM SHRIRAM: The company signed an MoU with Bayer Crop Science to explore agri innovation, sustainability, and farmer-focused solutions in India, and set December 19 as the record date for issuing 1 share each in DSFCL and DSIL to eligible shareholders.

* NALCO: The company awarded a Rs 5,032 crore contract to Dilip Buildcon for developing and operating the Pottangi Bauxite Mines.

* INTERGLOBE AVATION: IndiGo revised its Q3 FY26 outlook following operational disruptions, cutting capacity growth to high single to early double digits and expecting mid-single-digit pressure on passenger unit revenues, with updates on Q4 FY26 and full-year guidance to follow later.

* LIC: The company received a GST demand order of Rs 2,370 crore from the Mumbai tax authority.

* LLOYEDS METALS: The company’s subsidiary will acquire a 50% stake in Nexus Holdco FZCO for $55 million.

* MAZAGON DOCK: The company signed an agreement with the Indian and Brazilian Navies to share maintenance information for Scorpène-class submarines

Economic News

* UK firms boost India presence, turnover hits Rs 5,693 bn as FTA growth unlocked: UK companies are significantly expanding their presence in India, with a collective turnover of Rs 5,693 billion and 552,902 employees. The Free Trade Agreement is expected to unlock further growth across advanced manufacturing, clean energy, and digital trade, fostering innovation and job creation for both economies.

* RBI may maintain repo rate at 5.25% through FY27: The commentary from BMI comes amid many economists and bond-market experts in India factoring in a further quarter percentage point reduction in policy rates, lowering terminal rate expectations to 5% in the current easing cycle after RBI looked past a sharply retreating rupee to deliver a rate cut last Friday

Global News

• Fed Ends 2025 With Third Consecutive Rate Cut, Sees Fewer Reductions Ahead: The FOMC cut the benchmark rate by 25 bps to 3.5% to 3.75%, with nine members supporting the move, two preferring no change, and one seeking a 50 bps cut. The Fed’s dot plot signals no change in its outlook—one quarter-point cut each in 2026 and 2027. Inflation is now projected at 2.4% by end-2026 (vs 2.6% earlier), while GDP growth is seen at 2.3% (vs 1.8%). Powell noted that the inflation impact of Trump-era tariffs should fade in H2 2026, with Q1 marking the peak. He said rates are now near neutral, suggesting a possible pause at the January 27 to 28 meeting. Powell added that near-term risks lean toward higher inflation and softer employment but dismissed the possibility of rate hikes as anyone’s base case.

Key Highlight

SEBI Registration number is INH000000081.

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