BUSINESS
Live: Can Nifty reclaim record levels as investors await FOMC decision this week? | Opening Bell
Nifty extended gains after the RBI delivered a 25 bps rate cut, even though the index briefly paused its winning streak during the week. The central bank’s 125 bps easing for 2025 and fresh liquidity measures lifted market sentiment, with banking and financial stocks leading the charge. Defence stocks may stay in focus ahead of the Putin–Modi summit, and sentiment remains supported by steady inflows and expectations of a Fed rate cut. The week also marks the opening of five mainboard IPOs—ICICI Prudential AMC, Nephrocare Health Services, Park Medi World, Wakefit Innovations and Corona Remedies. This morning, global cues were mixed. Asian markets started the day mixed ahead of key Chinese data. Meanwhile, US futures were unchanged after back to back winning streak in Wall Street. Catch Lovisha Darad in conversation with Rajesh Palviya, Senior Vice President Research (Head Technical & Derivatives) at Axis Securities and Gaurang H Shah, Sr. Vice President, Geojit Financial Services.
INDIA
Parliament Winter Session: Vande Mataram did not get the justice it deserved, says Defence Minister Rajnath Singh
Parliament Winter Session Live Updates: The discussion comes days after PM Modi alleged that Congress “removed important stanzas” from the original song during its 1937 Faizabad session, a move he said “sowed the seeds of partition".
INDIA
IndiGo flight chaos to persist today, warns Delhi airport amid slow operational recovery
The airport authority urged travellers to verify their flight status before leaving for the terminal, noting that schedules remain unstable as the airline works to restore normal operations.
INDIA
Telangana CM proposes to rename Hyderabad road after Donald Trump; BJP says 'what a sad state of affairs'
If the Congress government is so eager to change names, they might as well start with something that actually has history and meaning, says BJP.
PODCAST
Nifty looks to sustain momentum, Eternal block deal and latest on IndiGo turbulence | Market Minutes
Markets are likely to kick off the week on a muted note as Nifty looks to sustain momentum after Friday’s rate-cut-fuelled rally. In today’s episode of Market Minutes, host Nandita Khemka breaks down the key factors that could shape trade — from the Eternal block deal and ITC Hotels stake sale attracting marquee investors, to Biocon’s big restructuring move and Wakefit’s Rs 1,289-crore IPO launch. We also get you the latest on the IndiGo turbulence and what’s next after the DGCA’s show-cause notice. Globally, Japan’s economy shrinks more than expected in the third quarter, U.S. markets edge higher ahead of the Fed’s final policy meeting of 2025, and traders ramp up bets on an 88% probability of a December rate cut. Oil stays steady amid stalled Ukraine peace talks, and gold climbs 1% as Fed pivot hopes strengthen. In our Voice of the Day, Sonal Minhas of Prescient Capital shares insights on what the RBI’s latest rate cut means for equity markets and investor sentiment. Tune in for all this and more in Market Minutes — your morning podcast that brings you the top stories, stock movers, and global market cues to kickstart your trading day.
BUSINESS
Air India, AI Express roll out fare caps, waivers and extra flights to ease travel chaos
The airlines said they have been intervening proactively since December 4, beginning with the capping of economy-class fares on all non-stop domestic routes to prevent automated revenue systems from pushing prices higher amid the surge in demand.
BUSINESS
SPML Infra shares gain 8% after JV wins Rs 207cr order from PHED, Rajasthan
SPML Infra Share Price | Public Health Engineering Department (PHED), Jhalawar, Rajasthan has awarded a project, which is under the Jal Jeevan Mission (JJM) is part of Nonera Water Supply Project
BUSINESS
RailTel Corporation wins project from Ministry Of External Affairs; shares trade flat
RailTel Corporation of India Share Price | Ministry Of External Affairs has appointed the company as project implementing agency (PIA).
BUSINESS
IPO Action: 13 public issues worth Rs 14,700 cr hit Dalal Street this week; 11 companies set for market debut
Bengaluru-based home & furnishings company Wakefit Innovations, and pharmaceutical firm Corona Remedies will be the first amongst them in the mainboard segment, opening IPOs on December 8 with price band of Rs 185-195 per share and Rs 1,008-1,062 per share, respectively.
BUSINESS
Stocks to Watch Today: Eternal, Biocon, ICICI Bank, HFCL, Ashoka Buildcon, MTAR Tech, Cochin Shipyard, Zen Tech, NBCC, SPML Infra in focus on 8 December
Stocks to Watch, 8 December: Stocks like Eternal, Biocon, ICICI Bank, Dynamatic Technologies, Oil and Natural Gas Corporation, SPML Infra, NBCC India, HFCL, Ashoka Buildcon, MTAR Technologies, Cochin Shipyard, Delhivery, Landmark Cars, Zen Technologies, and NewGen Software Technologies will be in focus on December 8.
BUSINESS
DGCA grants IndiGo 24-hour extension to respond to show-cause notice
According to the DGCA, the extension has been provided as a single exception, and IndiGo is expected to file its detailed explanation within the revised deadline
BUSINESS
IndiGo denies pilot crunch, begins deep dive into recent flight chaos
The DGCA has issued show-cause notices to IndiGo CEO Pieter Elbers and Accountable Manager Isidro Porqueras, seeking explanations for the widespread operational failures.
INDIA
Dhanbad gas leak: NDRF tests coal mine emissions as locals allege ‘eviction under cover’
NDRF is assessing toxic gas leaks in Dhanbad’s coal belt after two deaths and several hospitalisations, as residents protest and fear eviction in the name of safety.
INDIA
Telangana to name new greenfield radial road after Ratan Tata
The state’s innovation-focused roadmap will also see tech giants Microsoft and Wipro find a place in the city’s topography, with plans for ‘Microsoft Road’ and ‘Wipro Junction’.
BUSINESS
Institutional investor to sell up to Rs 1,500 crore Eternal stake via block deal on December 8: Report
The transaction size is estimated at up to Rs 1,500 crore, with the floor price set at Rs 289.5 per share, the report said. Eternal shares closed at Rs 291.75 on Friday on the NSE, down 1.35 percent.
INDIA
We could have done much more if we wanted: Rajnath Singh on Operation Sindoor
The defence minister said enhanced border connectivity is transforming India’s strategic capabilities.
BUSINESS
DGCA’s notice against IndiGo CEO Pieter Elbers puts focus on foreign executives in Indian airlines: Report
Industry officials note that though foreign executives undergo deeper scrutiny, Indian nationals in sensitive roles may also face MHA assessments when necessary.
BUSINESS
Step by step, we are getting back: IndiGo CEO Pieter Elbers after days of mass cancellations
India’s largest carrier, which typically operates around 2,300 flights daily, has faced significant disruptions in recent days, leaving thousands of passengers affected.
INDIA
Watch: Kangana Ranaut, Mahua Moitra and Supriya Sule dance at Naveen Jindal's daughter's sangeet
Kangana Ranaut had earlier posted rehearsal pictures, saying, “Some filmy moments with fellow parliamentarians ha ha. Rehearsing for [Naveen Jindal] ji's daughter's wedding sangeet.”
INDIA
India unveils world’s highest war memorial at Galwan, honouring fallen bravehearts
The Galwan clash of June 15, 2020, fought without firearms under pre-existing border agreements, was one of the most violent confrontations between India and China in decades.
INDIA
Who is Saurabh Luthra? ‘Owner’ identified after deadly fire at Birch in Goa
The nightclub, built in the backwaters of the Arpora river, is alleged to have been operating without proper construction permissions.
INDIA
MoS Murlidhar Mohol blames IndiGo for cancellations, says airline did not take FDTL norms seriously
Mohol said the pilots’ association had demanded that duty hours be reduced from 10 hours to 8 hours.
BUSINESS
IndiGo targets network stability by Dec 10 as flight ops rise to 1,650, OTP hits 75%
IndiGo said it will operate 1,650 of 2,300 daily flights on Sunday, up from 1,500 the day before, with on-time performance improving to 75% after around 650 cancellations.
BUSINESS
IndiGo crisis: Parliamentary panel to summon airline chiefs, DGCA over mass disruptions
The Parliamentary Standing Committee on Transport, Tourism and Culture is likely to summon senior airline executives and officials from the DGCA and Civil Aviation Ministry to explain the disruptions and outline steps to prevent a recurrence.
