Fed cut boosts D-Street even as rupee, trade worries persist
Indian stock markets saw a modest rise on Friday. The Nifty and Sensex closed higher, gaining about half a per cent. This uptick followed a US interest rate cut. However, uncertainty surrounding a US-India trade deal and a weaker rupee limited further gains. Investors are awaiting clarity on trade tariffs.
Rupee hits new low at 90.56 amid dollar demand, tariff concerns
The rupee closed at a record low of 90.41 amid strong importer dollar demand, Mexico’s tariff move, lack of the India-US trade deal, and continued FPI outflows, marking a 1% December drop and nearly 6% yearly depreciation.
Tata Steel to boost capacity by 50% to maintain market lead
Tata Steel plans a nearly 50% capacity expansion in India to defend market share and secure raw materials, with most capex expected from internal accruals. This strategic move aims to align new capacities with anticipated demand growth post-FY29, ensuring profitability and maintaining a healthy balance sheet.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while increasing it to 15% for minority shareholders. The agreement also proposes allowing India to tax share sales by any French entity, shifting to a source-based capital gains framework.
Adani Green insider trading: Sebi ends case against Pranav Adani without any direction or penalty
Sebi has dropped insider trading charges against Pranav Adani and two others, ruling their Adani Green trades occurred after news of the SB Energy acquisition became public, making the information no longer price sensitive.
Market responds to fundamentals, says Vijay Kedia as his latest SME IPO pick doubles money
Vijay Kedia said Exato Technologies’ stellar SME debut proves stock prices ultimately follow business fundamentals, as the AI-led tech firm nearly doubled on listing after a record 947× subscription across investor categories and strong financial performance supporting its growth story.
Cabinet approves India-Oman trade pact; may be signed during PM’s Oman visit on Dec 17-18
India and Oman are set to sign a free trade agreement. The pact will be signed during Prime Minister Narendra Modi’s visit to Oman from December 17-18. This Comprehensive Economic Partnership Agreement aims to boost trade and investment between the two nations. Oman is a significant export market for India in the Gulf region.
Why Zerodha says no to credit cards and personal loans, according to Nithin Kamath
Nithin Kamath says Zerodha limits lending to loans against securities due to higher funding costs, tougher competition, and risks linked to unsecured credit. Lower-risk, collateral-backed loans align better with its philosophy and customer base, making them a natural extension of its broking business.
Despite repeated nudges, 62% of Zerodha users with holdings still don’t have a nominee: Nithin Kamath
Nithin Kamath says 62% of Zerodha users with holdings still lack nominees despite an online process, urging investors to notify nominees to prevent unclaimed assets as Sebi defers its nomination framework’s third phase.
Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi Sankar
Reserve Bank of India Deputy Governor T. Rabi Sankar cautioned against stablecoins, citing significant macroeconomic risks and their lack of unique utility compared to fiat money. He emphasized that these digital tokens do not offer benefits beyond what traditional currency can provide, and India will maintain a cautious approach to such innovations.