India Cabinet Approves 100% Foreign Investment in Insurers

India has approved a coal auction aimed at facilitating exports, a decision made in light of a surplus in power plant capacity. This move is expected to enhance the country's coal market dynamics and support its energy sector amid changing global energy trends.

India's inflation rate increased in November from a record low in the previous month, yet it remains significantly below the central bank's target of 4%. This situation suggests that there is room for potential interest rate cuts in the upcoming year.

Indian Prime Minister Narendra Modi held his third phone call with former U.S. President Donald Trump following recent tariff hikes, reflecting ongoing discussions between the two leaders amid global trade tensions.

Broadband Telecom's chief restructuring officer is seeking court approval to subpoena a key Indian vendor linked to the company's founder amid allegations of fraud from lenders, including HPS Investment Partners.

IndiGo, India's leading airline, has faced significant operational challenges, resulting in the cancellation of approximately 1,000 flights and causing widespread disruptions at airports across the country. These issues have been attributed to a combination of adverse weather, technical failures, and regulatory constraints on crew rest.

India's aviation regulator has taken the unprecedented step of deploying two on-site teams at IndiGo's corporate office to monitor operations following the cancellation of over 3,000 flights last week, which caused significant disruptions in air travel.

The Asian Development Bank (ADB) has highlighted India's robust economic growth and increasing demand for technology as key factors that enhance the prospects for developing Asia. This positive outlook is supported by India's recent economic performance, which has shown resilience despite global trade tensions and challenges.

India's small-cap stocks are experiencing significant underperformance compared to larger peers, causing distress among retail investors who heavily engage in this market segment. This downturn reflects broader economic challenges and investor sentiment in the country.