Aniket Pujari
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In significant news, post Sanjay Malhotra’s appointment as the new RBI governor, brokerages expect a shift in monetary policy with possible rate cuts in February. Meanwhile, as Shaktikanta Das’ era ends and he bids farewell, experts reflect on his legacy in steering the RBI through turbulent times.
In corporate updates, Reliance Industries once again claimed the title of India’s biggest wealth creator, marking its sixth consecutive win in the top spot, as per the latest MOFSL report. The Burman family secured RBI approval to increase its stake in Religare Enterprises, adding to the day’s major developments.
Meanwhile, Amazon’s entry into India’s quick commerce market with its new service Tez signals strong competition in the sector, while a no-confidence motion against Vice President Jagdeep Dhankhar has created ripples in Indian politics.
Stay updated with all the latest as we break down the day’s biggest stories.
Nifty, Sensex end flat but off lows, broader markets relatively outperform headline indices
The domestic stock markets ended a choppy session on a mixed note, with benchmark indices closing near the flat line but off intraday lows. IT stocks emerged as gainers in the Nifty pack, with HCLTech, Wipro, and Infosys gaining over 1% each.
Bajaj Finserv also provided support, rising nearly 2% after setting an ambitious target of achieving a net profit of ₹20,000 crore by FY29.
Today’s stock market highlights
Sanjay Malhotra takes charge as RBI governor: Some brokerages expect rate cuts to being in February
Sanjay Malhotra has been named the next Reserve Bank of India (RBI) governor for a three-year term. Malhotra’s appointment has triggered varied reactions from brokerages, with many highlighting the challenges he will face and the expectations for continuity in monetary policy.
Sanjay Malhotra, in his tenure as RBI governor, will focus on addressing key economic challenges, including balancing inflation control with growth stimulation. Ensuring currency stability will be critical, given the rupee’s susceptibility to global volatility.
As per brokerages, Malhotra is expected to build upon the stricter regulatory framework established during Shaktikanta Das’s tenure.
As RBI leadership changes, experts reflect on Shaktikanta Das’ tenure and next steps
As Shaktikanta Das stepped down as the Governor of the Reserve Bank of India (RBI), experts reflected on his impactful tenure in an interview with CNBC-TV18.
Known for steering the central bank through challenging times, including the economic disruptions of COVID-19, Das leaves behind a transformed regulatory environment.
Aseem Dhru, Managing Director & CEO at SBFC Finance appreciated the outgoing governor’s efforts, especially in cleaning up balance sheets and promoting customer fairness.
Religare Enterprises says RBI has allowed Burman family to increase stake in company
Religare Enterprises on December 10 announced that the Reserve Bank of India (RBI) has allowed the Burman family to increase its stake in the company. Both the Burman family and Religare Group need to consolidate NBFCs in a resulting structure by March 31, 2026, according to the company’s statement.
However, Religare said that the request for the appointment of four proposed Directors has not received approval yet. According to the firm’s statement, RBI has said the NBFC has been advised to submit names of proposed directors with Board resolution, after ensuring that they are ‘fit and proper.’
Syrians Gather At Bakeries & Gas Stations Amid A Political Shift In The Country
Is life getting back to normal in Syria?
As the political shift in Syria settles, local residents line up at bakeries & petrol stations. Even banks were to reopen with cash still in circulation. With Bashar al-Assad gone, Damascus is beginning to embrace a new era.
Record revenues, subdued profits: Here’s IATA’s 2025 outlook for airline industry
The International Air Transport Association (IATA) has released its industry outlook for 2025, revealing a mixed yet cautiously optimistic picture for global airlines.
While airlines are poised to break records in revenue, profitability remains under pressure due to high operational costs and supply chain disruptions.
Here’s a breakdown of the key trends shaping the airline industry in 2025.
Amazon enters India’s $6-billion quick commerce market with Tez
Amazon has officially launched its quick commerce service, Tez, to compete with Zomato’s Blinkit, Swiggy Instamart, Zepto, Flipkart Minutes, BigBasket, and others in India’s burgeoning $6-billion quick commerce market.
Samir Kumar, Country Manager for Amazon India, announced the move on December 10 during Amazon’s Smbhav 2024 summit, marking a significant step under his leadership just two months after succeeding Manish Tiwary.
INDIA bloc moves no-confidence motion against Jagdeep Dhankhar citing partisan conduct
The Opposition INDIA alliance moved a no-confidence motion against Rajya Sabha Chairman and Vice President Jagdeep Dhankhar on December 10, accusing him of non-partisan conduct and bias in the Upper House.
The motion, reportedly signed by 70 MPs from various parties in the bloc, was tabled under Article 67(B) of the Indian Constitution.
SC takes note of Allahabad HC Judge’s derogatory speech against Muslims after calls for in-house inquiry
The Supreme Court has taken note of reports about the speech of Justice Shekhar Kumar Yadav and has called for details and particulars from the high court.
The matter concerning the Allahabad High Court judge is under consideration, Bar and Bench reported.
Earlier in the day, the Campaign for Judicial Accountability and Reforms (CJAR) wrote to Chief Justice of India Sanjiv Khanna and sought an in-house enquiry against Justice Shekhar Kumar Yadav of the Allahabad High Court for his recent controversial comments made at a Vishva Hindu Parishad (VHP) event.
Bruised Blue Chips| Motilal Oswal’s approach to building your portfolio in 2025
In its Annual Wealth Creation Study 2024, domestic brokerage firm Motilal Oswal recommends that investors focus on ‘Bruised Blue Chips’ as a way to get attractive, low-risk returns.
Motilal Oswal defines a “Bruised Blue Chip” as a stock whose price has, at any time over 10 years, fallen by 50% or more from its five-year high. The brokerage encourages investors to buy stocks that have strong fundamentals and a solid market presence, but are experiencing a temporary setback due to various factors.
Meet India’s top 10 wealth creators: RIL takes the crown for 6th time; TCS, Infosys follow
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