*Financial News* 
Source: Leading newspapers 
*Compiled by Rudra Shares* 
Vande Mataram
Tuesday, 23 December 2025

 *ECONOMY & POLICY* 
• Gross foreign direct investment declined to $6.5 billion, with net flows turning negative
• RBI Bulletin advised maintaining focus on economic fundamentals to sustain India’s growth momentum
• RBI sold $11.9 billion in October to stabilise the rupee
• Cement and steel-led infrastructure activity recorded 1.8% growth in November
• Gold and silver prices touched new highs amid rising geopolitical tensions

 *MARKET FLOWS & STRATEGY* 
• Foreign institutional investors were net sellers of Indian equities worth Rs 457 crore, while domestic institutional investors net bought Rs 4,058 crore
• Apollo reduced portfolio risk and increased cash holdings in anticipation of market volatility
• Strong asset quality expected for banks and NBFCs in FY26; IT services seen as a dark horse with AI-related risks to monitor, according to Manish Gunwani
• Competition Commission of India sought information from IndiGo over alleged abuse of market dominance

 *BANKING & FINANCIAL SERVICES* 
• Indorama India secured a Rs 670 crore trade finance facility from DBS Bank
• Shriram Finance’s lending rates could decline by up to 100 basis points over the next 18 months
• MUFG Bank is not inclined to increase its stake in Shriram Finance beyond the proposed 20%
• American banking major JP Morgan plans to establish Asia’s largest Global Capability Centre in India
• Premji Invest acquired a 2.61% unit-holding in National Highways Infra Trust for Rs 754 crore

 *CAPITAL MARKETS, IPOs & LISTINGS* 
• Gujarat Kidney and Super Speciality IPO was fully subscribed on Day 1, with the retail portion booked 5 times
• Shyam Dhani Industries IPO witnessed 59 times subscription on Day 1, with grey market premium rising over 65%
• KSH International revised its IPO size downward to Rs 644 crore to ensure minimum 90% subscription; stock listed today
• MCX shares climbed to an all-time high amid SEBI chief’s comments on commodity derivatives and rising precious metal prices

 *FMCG & CONSUMER* 
• Quick commerce platforms are becoming costlier for FMCG companies as advertising expenses erode margins
• UK Paints will acquire an additional 14.48% stake in Berger Paints through internal restructuring

 *PHARMACEUTICALS & HEALTHCARE* 
• Cipla launched inhalable insulin Afrezza in India following CDSCO approval
• Emcure Pharmaceuticals aims to tap the pan-India obesity market with its semaglutide brand Poviztra
• Granules India received USFDA approval for a generic ADHD medication
• KIMS shares gained after announcing plans to set up a super speciality hospital
• Bharat Biotech entered into a technology transfer agreement with Biofabri for the MTBVAC tuberculosis vaccine

 *AUTOMOBILES & TRANSPORT* 
• India’s automobile sector growth is expected to remain steady in 2026 as policy support offsets rising costs
• Central Railway announced the operation of 76 special trains for Christmas and New Year travel

 *ENERGY, POWER & UTILITIES* 
• IGL shares rose after the company announced a joint venture for setting up a compressed biogas plant
• GE Vernova T&D shares jumped after securing a major order from an Adani Energy Solutions arm
• Ambuja Cements approved the merger of ACC and Orient Cement into the parent entity

 *REAL ESTATE & INFRASTRUCTURE* 
• Shapoorji Pallonji Group entered the plotted development segment with a Rs 600 crore project in Pune
• GIFT City welcomed Gujarat government’s decision to grant exemptions in liquor permits

 *TECH, STARTUPS & DIGITAL* 
• Nikhil Kamath and Kishore Biyani launched a startup venture platform named The Foundery
• Paytm announced plans to enter Indonesia and Luxembourg and brought Alabbar SPV into its UAE unit

Jai Hind
Rudra Hai to Mudra Hai
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