BUSINESS
Stocks to Watch Today: Vedanta, Piramal Pharma, NBCC, Cyient, Honasa Consumer, Kansai Nerolac, Firstsource, Rama Steel in focus on 12 December
Stocks to Watch, 12 December: Stocks like Piramal Pharma, Infosys, Rama Steel Tubes, Firstsource Solutions, Kirloskar Ferrous Industries, Kansai Nerolac Paints, TRF, NBCC (India), Vedanta, RRP Defense, Honasa Consumer, Tata Power Company, Cyient, and Uflex will be in focus on December 12.
INDIA
IndiGo chief’s folded-hands photo was an apology to the nation, says aviation minister
The Ministry of Civil Aviation finally summoned Elbers on Tuesday to assess the crisis and demand corrective measures in the functionality of the airline.
BANKING
SBI to buy 50% stake in new fraud-fighting digital payments company IDPIC
The company, called Indian Digital Payment Intelligence Corporation (IDPIC), is registered as a Section 8 (not-for-profit) company under the Companies Act, 2013. It was incorporated on October 16, 2025. SBI is the initial subscriber and promoter.
INDIA
Before Goa blaze killed 25, Romeo Lane chain faced repeated complaints, fines
A 2023 case alleged that the outlet constructed fixed buildings even though it only had approval for “a temporary wooden shack and huts.”
BUSINESS
FIIs net sell Indian equities worth Rs 2021 crore while DIIs net buy Rs 3796 crore
FPI/FIIs bought shares worth 7,534 crore, while offloading marginally higher at Rs 9,555. crore. As for DIIs, the buying was worth Rs 13,196 crore and selling was lower at Rs 9,400 crore.
INDIA
18 killed, three missing after truck carrying labourers falls into gorge near India-China border
At least 18 labourers died and three remain missing after a truck fell into a gorge in Arunachal’s Anjaw district. PM Modi announced Rs 2 lakh ex-gratia.
BUSINESS
First Water Fund buys additional 0.75% shares in Uflex, raising holding to over 3.6%
After two block deals in current month, the shareholding of First Water Fund might have increased to 3.64 percent in Uflex, from 2.47 percent seen at the end of September 2025.
TRENDS
Italy foreign minister Antonio Tajani serves food at Delhi event. Watch
Earlier in the day, Antonio Tajani met Prime Minister Narendra Modi and described the interaction as 'very positive,' underlining the strength of relations between Italy and India.
PODCAST
Valley investors bet big on India; Blinkit, Instamart, Zepto build Rs 40,000 cr war chest; and Govt sends notice to Apple over spyware alerts
In today’s Tech3 from Moneycontrol, we break down a power-packed day in tech and startups, from Silicon Valley doubling down on India’s deeptech wave with major funding for Airbound and Emergent, to Blinkit, Instamart and Zepto amassing a massive Rs 40,000-crore war chest despite soaring burns. We also unpack the government’s notice to Apple over fresh spyware alerts and Microsoft’s big AI push with Indian IT giants.
BUSINESS
Supreme Court to hear petitions challenging real-money gaming ban in January 2026
Gaming operators had sought an urgent hearing on the matter, stating that their business had come to a standstill and there has been job losses due to the government's online gaming law.
STARTUP
Mamaearth-parent enters men’s grooming with Rs 195 crore Reginald Men acquisition
Announcing the deal on December 11, Honasa said it will acquire a 95 percent stake through a secondary sale, with the remaining 5 percent to be purchased after 12 months based on pre-agreed valuation terms.
BUSINESS
Maharashtra bags 25% of total industrial credit in FY25: RBI report
Of the total bank credit of Rs 42.86 lakh crore, Maharashtra bags Rs 10.86 lakh crore in FY25. This is followed by Delhi with credit of Rs 7.07 lakh crore, Tamil Nadu with Rs 3.10 lakh crore of credit, and Karnataka with Rs 2.55 lakh crore, according to the Reserve Bank of India’s (RBI) Handbook of Statistics on Indian States 2024-25.
BUSINESS
India’s western, southern regions contribute 54% deposits of banks as of March 31, 2025, shows RBI data
On the credit front too, Southern and Western regions received more credit from banks in 2025.
INDIA
India is racing ahead amid global slowdown but must build self-reliance in key sectors, says Mukesh Ambani
Speaking at PDEU’s 13th convocation, Ambani said India is growing near 8% despite a global slowdown and urged greater self-reliance in tech and green energy leadership.
BUSINESS
RBI injects Rs 50,000 crore liquidity in banking system via OMO purchase
The central bank received bids worth Rs 1,11,615 crore crore at auction for seven securities, but accepted only Rs 50,000 crore. These funds will be injected to the banking system as a durable liquidity.
INDIA
Goa fire: Delhi court rejects Luthra brothers' anticipatory bail plea
The Luthra brothers had sought 4 weeks of transit anticipatory bail so that they are not immediately arrested after their return to Delhi from Thailand.
BUSINESS
Andhra, Uttar Pradesh, Karnataka emerge as top states in bank credit to agriculture in FY25
Among the regions, the major credit to the agriculture have gone to the southern region of Rs 11.46 lakh crore. Northern region received bank credit to agriculture of Rs 3.98 lakh crore, followed by Rs 3,76 lakh crore to the central region.
BUSINESS
Emkay sets Nifty target at 29,000 by Dec 2026 on demand revival, RBI's liquidity infusion, likely India-US trade deal
In its India Strategy 2026 outlook, Emkay said that GST reforms and an improvement in affordability are expected to aid consumption and support overall economic momentum.
INDIA
'Not fugitives': Luthra brothers claim death threats, say no crime in leaving country on night of incident
Arguing for anticipatory bail, the advocate representing the Luthra brothers said they fled out of fear, not guilt, and were more than a thousand kilometres away when the blaze broke out.
INDIA
Delhi court grants interim bail to Umar Khalid for 14 days
Umar, Sharjeel and other accused were booked under the Unlawful Activities (Prevention) Act, 1967 (UAPA) anti-terror law and provisions of the erstwhile IPC for allegedly being the "masterminds" of the 2020 riots
INDIA
Voter list update: TN, Gujarat, MP, Chhattisgarh, UP get more time for SIR; no relief granted to West Bengal
EC extends voter enumeration deadlines in 5 states and Andaman & Nicobar Islands under the Special Intensive Revision, pushing draft roll dates into late December.
TRENDS
Indian Muslim advocate slams politicians on Vande Mataram 'theatrics': 'This isn't about Islam'
The online debate follows a stormy exchange in Parliament after Prime Minister Narendra Modi, at an event marking 150 years of Vande Mataram, accused the Congress of 'removing important stanzas' during its 1937 Faizabad session.
BUSINESS
'China's Nvidia' Moore Threads hits fresh high ahead of release of new GPU architecture
Last week, the stock soared over 400% on debut in Shanghai, on bets the US-blacklisted startup will benefit from Beijing's drive to boost domestic chip manufacturing
BUSINESS
JP Morgan gets RBI nod for a branch in Pune
JP Morgan already has branches in Mumbai, New Delhi and Bengaluru's Devanahalli
