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Indian Economy News 19 December 2025 - 2 January 2026

Nifty tops 26,300 as India bank stocks hit record; Coal India jumps, ITC slides on excise hike

Nifty tops 26,300 as India bank stocks hit record; Coal India jumps, ITC slides on excise hike

NEW YORK, January 2, 2026, 04:45 ET Indian shares rose on Friday, with the benchmark Nifty 50 trading above 26,300 and the Sensex up about 0.6% in noon deals, data from Upstox showed. The move mattered because it came on the second trading day of 2026, as investors positioned for a run of corporate updates ahead of the quarterly earnings season, The Economic Times reported. The Economic Times also said persistent foreign portfolio outflows have continued to temper risk appetite even as domestic sectors such as banks and metals lead gains. At 12:30 p.m. IST, the S&P BSE Sensex was
2 January 2026
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India’s UPI boom hits cigarette kiosks — but “cash is still king” in India

India’s UPI boom hits cigarette kiosks — but “cash is still king” in India

NEW YORK, December 30, 2025, 10:08 ET Cigarette and tobacco kiosks have become one of the fastest-growing merchant categories on India’s Unified Payments Interface, with transaction volumes rising more than eightfold between November 2023 and November 2025, a Moneycontrol analysis reported. The shift matters because India’s digital payments push is increasingly leaning on everyday, low-value purchases to keep UPI growth humming, even as cash remains entrenched in parts of the economy where digital adoption is harder and tax compliance is looser. Subhash Chandra Garg, a former finance and economic affairs secretary, wrote in a Deccan Herald column on Tuesday that
30 December 2025
NALCO hits record high as India metal stocks ride Fed cut bets

NALCO hits record high as India metal stocks ride Fed cut bets

NEW YORK, December 29, 2025, 11:08 ET Shares of India’s National Aluminium Company Ltd (NALCO) hit a record high on Monday, reaching 314 rupees — their highest level in the past year — before easing, market data showed. Moneycontrol MarketsMojo put the new 52-week and all-time high at 312.9 rupees. Markets Mojo The move underscores investors’ appetite for metal producers into year-end, after a run-up in sector shares tied to expectations of easier U.S. monetary policy and steadier global demand. Moneycontrol That matters now because the rally has left the group more sensitive to sharp swings in commodity prices and
29 December 2025
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UPL stock edges up near 52-week high as India shares tread cautiously into year-end

UPL stock edges up near 52-week high as India shares tread cautiously into year-end

NEW YORK, December 29, 2025, 00:05 ET Shares of UPL rose in early trade on Monday, keeping the Indian agrochemicals maker close to its 52-week peak as investors stayed selective in thin year-end dealing. The Economic Times+1 The move matters because UPL has been one of the better-performing stocks in recent months, even as broader Indian equities have struggled to build momentum amid persistent foreign selling and muted liquidity. The Economic Times+1 Indian shares opened marginally higher, but gains were limited by concerns about foreign fund outflows and subdued year-end volumes, ETMarkets reported. The Economic Times UPL was last traded
29 December 2025
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PMO sets 2030 deadline for Coal India’s subsidiary IPOs

PMO sets 2030 deadline for Coal India’s subsidiary IPOs

NEW YORK, December 28, 2025, 23:42 ET India’s Prime Minister’s Office has directed the coal ministry to map and list all subsidiaries of state-run Coal India Ltd by 2030, sources told Press Trust of India (PTI). mint+1 The push matters now because it sets a deadline for carving out Coal India’s operating arms into separately traded companies, a step the sources said is meant to improve governance, transparency and asset monetisation. mint+1 Coal India accounts for more than 80% of India’s domestic coal output and operates through eight subsidiaries, which could make the plan a sizeable pipeline of potential public-sector
29 December 2025
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Coforge’s $2.35 billion Encora deal tops India’s stocks-to-watch list for Dec. 29

Coforge’s $2.35 billion Encora deal tops India’s stocks-to-watch list for Dec. 29

NEW YORK, December 28, 2025, 22:48 ET Indian stocks were set for a firmer start on Monday, with IT services firm Coforge in focus after it agreed to buy U.S.-based Encora in a deal valued at $2.35 billion on an enterprise-value basis, according to Moneycontrol. GIFT Nifty futures rose 40 points to 26,100, Upstox reported. Moneycontrol+1 The deal lands in the final stretch of year-end trading, when big corporate announcements can drive sharp moves in individual shares even if broader volumes thin out. Investors also had fresh catalysts ranging from stake sales to regulatory filings and contract wins. Moneycontrol+2Moneycontrol+2 Coforge,
29 December 2025
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Jayshree Ullal Tops Hurun India Rich List 2025 for Professional Managers, Surpassing Satya Nadella and Sundar Pichai

Jayshree Ullal Tops Hurun India Rich List 2025 for Professional Managers, Surpassing Satya Nadella and Sundar Pichai

Jayshree Ullal—CEO and Chairperson of Arista Networks—has emerged as the wealthiest Indian-origin “professional manager” tracked in the Hurun India Rich List 2025, with an estimated net worth of ₹50,170 crore. The milestone places her well ahead of some of Silicon Valley’s most recognizable Indian-origin leaders, including Microsoft CEO Satya Nadella and Google CEO Sundar Pichai, in Hurun’s executive wealth rankings. www.ndtv.com+1 The spotlight on Ullal is notable not just because of the headline number, but because it underscores a fast-changing reality in global tech wealth: in many cases, the biggest fortunes are no longer defined by who runs the biggest
27 December 2025
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Optional Joint Taxation for Married Couples in India: ICAI’s Budget 2026 Proposal Explained—Benefits, Risks, and What Could Change

Optional Joint Taxation for Married Couples in India: ICAI’s Budget 2026 Proposal Explained—Benefits, Risks, and What Could Change

As conversations around Union Budget 2026-27 gather momentum, one proposal keeps resurfacing in tax circles and middle-class dinner-table debates: allowing married couples to file a joint income-tax return in India—optionally. The idea, recommended by the Institute of Chartered Accountants of India (ICAI) as part of its pre-Budget submissions, is being positioned as a potential “game changer” for households where one spouse is the primary earner. The Times of India+2The New Indian Express+2 But what does “optional joint taxation” actually mean in practice? Who could benefit, who might not—and what would the government need to redesign in India’s tax and compliance
27 December 2025
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IRFC Share Price Surges on 26 December 2025: Latest News, Analyst Targets, Financials, and Outlook for Indian Railway Finance Corp Stock

IRFC Share Price Surges on 26 December 2025: Latest News, Analyst Targets, Financials, and Outlook for Indian Railway Finance Corp Stock

Indian Railway Finance Corporation (IRFC) stock is back in the spotlight on Friday, 26 December 2025, as railway-linked counters rallied sharply after revised passenger train fares kicked in and investors positioned ahead of the Union Budget 2026–27. The Economic Times By late morning, IRFC was among the standout gainers: India Today reported the stock trading about 7.4% higher at ₹130.50 on BSE around 10:32 am, while ETMarkets cited IRFC gaining to ₹129.60 earlier in the session. India Today Meanwhile, exchange-data aggregators also showed unusually heavy action: Moneycontrol indicated an intraday high near ₹133, with volume far above typical averages, underscoring
26 December 2025
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Top Stocks to Buy Today in India: ITC, Tata Steel, Dr Reddy’s, Coal India, Ajanta Pharma and More (24 December 2025)

Top Stocks to Buy Today in India: ITC, Tata Steel, Dr Reddy’s, Coal India, Ajanta Pharma and More (24 December 2025)

Mumbai, December 24, 2025: Indian equities opened with a mild uptick on Wednesday as strong US growth cues supported risk appetite, but the session stayed choppy as IT stocks weighed and holiday-thinned volumes kept moves contained. In early trade, the Nifty 50 hovered near the 26,200 zone and the Sensex was around 85,600, with most sectors edging higher even as tech stocks slipped. Reuters As the day progressed, the mood turned more cautious. By late afternoon, benchmark indices had slipped into the red, with pharma, IT and select FMCG heavyweights dragging, even as autos, healthcare and infrastructure names provided pockets
24 December 2025
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Shriram Finance Share Price Hits Fresh 52-Week High on MUFG Deal, Breaks Into India’s Top-50 Most Valuable Club

Shriram Finance Share Price Hits Fresh 52-Week High on MUFG Deal, Breaks Into India’s Top-50 Most Valuable Club

Mumbai | December 24, 2025 — Shriram Finance is extending a breakout rally that has turned the NBFC into one of Dalal Street’s standout stories of late 2025. In early trade on Wednesday, the stock pushed to a fresh 52-week high near ₹983, keeping it firmly on investors’ radar after Japan’s MUFG Bank agreed to take a 20% stake in what is being described as a landmark foreign investment into India’s financial services space. Moneycontrol+1 The momentum is also spilling into the broader market narrative: a steady Nifty, selective risk-taking in financials and consumer names, and a fresh cluster of
24 December 2025
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Ola Electric Shares Hit Record Low After Bhavish Aggarwal Stake Sale; ₹260-Crore Loan Repaid, Pledge Overhang Ends

Ola Electric Shares Hit Record Low After Bhavish Aggarwal Stake Sale; ₹260-Crore Loan Repaid, Pledge Overhang Ends

Bengaluru/Mumbai, December 18, 2025: Ola Electric Mobility’s stock slid to fresh record lows on Thursday as investors digested a rapid series of promoter share sales—moves the company says were designed to eliminate pledged shares and repay a ₹260-crore promoter-level loan, not signal any change in control. The Indian Express+2Business Standard+2 The market reaction, however, underlined how sensitive “new-age” counters remain to promoter activity—especially when the share price is already under pressure. Ola Electric’s stock hovered near the ₹31 zone and hit an intraday low reported around ₹30.76, extending a steep downtrend that has eroded a large chunk of investor wealth
19 December 2025
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Stock Market Today

RELX share price slides again as AI fears linger, results next week in focus

RELX share price slides again as AI fears linger, results next week in focus

7 February 2026
RELX closed down 4.6% at 2,145 pence in London on Friday, capping a volatile week ahead of its Feb. 12 full-year results. The company bought back 465,361 shares even as selling continued amid investor concerns over AI risks and pricing power. Peers Wolters Kluwer and Thomson Reuters also faced pressure. Markets await RELX’s outlook for 2026 trading.
Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

Rio Tinto stock jumps as Glencore mega-merger is shelved; what to watch next week

7 February 2026
Rio Tinto’s U.S. shares closed up 2.5% at $93.37 Friday after the company ruled out a merger with Glencore, triggering a six-month “no-bid” lockout under UK takeover rules. Both companies cited disagreements over valuation. Attention now turns to Rio’s Feb. 19 results and iron ore prices, which fell below $100 a tonne amid weak Chinese demand.
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