Finnovate Weekly Capsule (Dec 22–Dec 26, 2025)

Welcome to this week’s edition of Finnovate’s Weekly Capsule. Below are the key macro, market, policy and corporate developments from Dec 22–Dec 26, 2025, with impact analysis to help you interpret how these shifts could influence markets, liquidity and investment strategy.

1. RBI plans a mega $32 billion liquidity infusion in January 2026

Impact Analysis

• Liquidity support includes $22 billion of government bond purchases and $10 billion via dollar–rupee swaps.
• Spread across four tranches, the move aims to ease tight liquidity conditions and stabilise bond and FX markets.

2. Adani to merge multiple cement brands into a single entity

Impact Analysis

• Ambuja Cements, ACC and Orient Cement will be consolidated under the Ambuja Cement banner.
• Combined capacity of 107 MTPA should deliver cost efficiencies and stronger pricing power.

3. Kotak Bank emerges as frontrunner for IDBI Bank stake sale

Impact Analysis

• Government and LIC plan to divest a combined 60.7% stake, granting management control to the buyer.
• Government/LIC will retain veto power over special resolutions, ensuring continued oversight.

4. India core sector growth for November 2025 comes in at 1.76%

Impact Analysis

• Growth improved from the marginal contraction seen in October, but remains weak.
• Four of eight core sectors contracted, with fossil fuels continuing to weigh on output.

5. Spot gold rallies to $4,521/oz, up over 4.2% for the week

Impact Analysis

• Rally driven by geopolitical uncertainty around Venezuela and US actions on oil shipments.
• Expectations of a January 2026 rate cut following higher unemployment data also boosted gold.

6. Spot silver posts a stunning 152% gain in calendar year 2025

Impact Analysis

• Silver surged from $29.57/oz to $74.65/oz, marking its best year since 1979.
• Industrial demand plus safe-haven appeal have amplified silver’s outperformance.

7. RBI intervention keeps USDINR below ₹90/$ during the week

Impact Analysis

• RBI’s continuous dollar selling and planned $10 billion FX swaps helped stabilise the rupee.
• Currency management remains critical amid external volatility and capital flow risks.

8. Coforge acquires US-based Encora for $2.35 billion

Impact Analysis

• All-stock deal creates a major AI-led digital engineering and cloud services player.
• Encora shareholders will hold 21.25% of Coforge post-merger, expanding global scale and capabilities.

9. India shifts 2026 trade strategy toward FTAs and non-US markets

Impact Analysis

• With Indo–US trade deal elusive, focus shifts to diversification and strategic FTAs.
• Imports are expected to grow faster than exports in FY27, reinforcing the need for broader trade ties.

10. OYO shareholders approve ₹6,650 crore fresh issue IPO

Impact Analysis

• IPO timing aligns with strong earnings momentum; FY26 EBITDA is expected to double.
• Moody’s affirmation of PRISM’s ratings adds credibility ahead of listing.

11. Amazon and Flipkart disrupt quick commerce with heavy discounts

Impact Analysis

• Discounts of ~23% highlight India’s price sensitivity versus speed.
• Rising fees by Blinkit, Swiggy and Zepto have opened room for renewed competition.

12. NHAI raises ₹3,087 crore via asset monetisation

Impact Analysis

• IRB Infra leads acquisition of road assets with ₹34,000 crore upfront payment.
• NHAI targets ₹40,000 crore monetisation in FY26, well above budgeted levels.

13. Budget 2026 may offer 20% tax holiday for AI data centres

Impact Analysis

• Tax incentives could accelerate gigawatt-scale AI data centre investments.
• Industry also seeks full GST input tax credit to improve project viability.

14. Bharti Enterprises acquires 49% stake in Haier India

Impact Analysis

• Deal values Haier India near ₹15,000 crore, implying ~₹7,500 crore transaction size.
• Marks a major partnership in consumer durables amid China-linked sensitivities.

15. Benchmark bond yield falls 15 bps to 6.54%

Impact Analysis

• Yield drop followed RBI’s ₹2 trillion OMO liquidity infusion announcement.
• Markets are now factoring the possibility of another 25-bps rate cut.

16. Home sales volumes fall 14% in 2025, but value rises 6%

Impact Analysis

• Sales volumes declined to 3.96 lakh units across major cities.
• Higher average prices (up 8% YoY) drove overall sales value growth.

17. Nearly 4 crore Indian households drop paid TV in six years

Impact Analysis

• Roughly 15% of India’s adult population is now digital-only viewers.
• Declining TV viewership is compressing traditional advertising revenues.

18. IBBI tightens norms to prevent promoter re-entry in stressed firms

Impact Analysis

• Resolution plans must disclose ultimate beneficial ownership.
• Affidavit requirements aim to block back-door promoter entry.

19. India to begin semiconductor exports under India Semiconductor Mission

Impact Analysis

• Mission aims to build self-reliance and export capability in semiconductors.
• AI-driven infrastructure demand presents a major long-term opportunity.

20. Ajanta Pharma ties up with Biocon to market Semaglutide globally

Impact Analysis

• Ajanta will be exclusive marketer in 23 of 26 countries.
• Patent expiry in March 2026 opens a large global diabetes treatment opportunity.

21. RBI postpones Phase 2 of rapid cheque clearance system

Impact Analysis

• Phase 2 was to enforce a strict 3-hour clearing timeline from Jan 2026.
• Delay allows banks additional time to upgrade systems and processes.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or product recommendations. Please consult a registered advisor before making investment decisions.