January 01, 2026

TOP NEWS

EMS Ltd: Company entered two partnership agreements to expand its business. It formed 'EMS NIPL JV' (74% stake) with Neercare India for sewage treatment plants, focusing on a Kolkata project. A second partnership, 'EMS Concrete' (75% stake), was formed with Mr. Gajendra Parihar for Ready Mix Concrete business.  Positive

HUDCO: The company reported strong business traction in the first nine months of FY26, with loan sanctions touching Rs. 1.39 lakh crore on a provisional basis. Of this, loan sanctions in the third quarter alone stood at Rs. 46,167.32 crore. It also achieved loan disbursements of Rs. 41,346.70 crore during the April–December 2025 period, with Rs. 15,508.25 crore disbursed in the third quarter of FY26.

IREDA: the company reported loans sanctions to Rs. 10,100 crore, up by 29% y-o-y. While disbursement of loans increased to Rs. 24,903 crore, up by 44% y-o-y. As of December 31, 2025, IREDA's outstanding loan stood at Rs. 87,975 crore, up by 28% y-o-y.

NCC: Company announced that has secured four new orders with a combined value of ₹1,237.24 crore (excluding GST) during December. Positive

Vodafone Idea: Vodafone Idea will receive Rs 5,836 crore from its promoter, the Vodafone Group, under the revised Implementation Agreement, relating to the resolution of its long-standing contingent liability with the promoters.

Berger Paints: Promoter UK Paints (India) has purchased a 14.48% stake in the company from Jenson & Nicholson (Asia) as part of a restructuring move, taking its total shareholding up to 64.57%.

NBCC India: Bagged three domestic contracts with a combined value of Rs 220.31 crore. Of this, Canara Bank awarded a Rs 163.12 crore project for its Bengaluru head office, while Navodaya Vidyalaya Samiti issued two orders worth Rs 9.01 crore and rs 48.18 crore for school infrastructure works in Maharashtra and Telangana. 

Indian Railway Finance Corporation: The company has executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company (MAHAGENCO) for a sanctioned amount of Rs 5,000 crore, out of which Rs 3,000 crore has already been disburse.

MACRO OUTLOOK

·         US weekly jobless claims decreased by 16,000 to 199,000 in the week ended Dec. 27, The four-week moving average of initial applications, a metric that helps smooth out volatility, ticked up to 218,750. The Nasdaq 100 Index slipped 0.8%, S&P 500 Index fell 0.7% on last trading day.

·         Gold/silver records biggest annual gains since 1979 as Gold rose 65% and Silver recorded 146% gains in 2025. While Comex copper at 41% marks its largest yearly increase since 2009 and amounts to more than double the S&P 500 index's SPX 17% gain. Dollar Index settled down 9.4% for the year to book its worst first half of the year since 1973.

·         Commodity markets closed the last session of the year on a weak note. Gold and Silver corrected sharply, while Crude slipped despite fresh US sanctions on Venezuela’s oil sector. Natural Gas tumbled on higher storage levels and warmer weather outlook.

·         Data watch: No major economic data scheduled.

OTHER NEWS

Canara Bank: The Central Government has assigned Hardeep Singh Ahluwalia additional charge of the post of Managing Director & Chief Executive Officer of Canara Bank, effective January 1, for a period of three months. This follows the superannuation of the present MD & CEO, K Satyanarayana Raju, on December 31, 2025. Currently, Hardeep Singh Ahluwalia is serving as the Executive Director of Canara Bank.

Hyundai Motor India: Unsoo Kim has resigned from the position of Managing Director & Director of Hyundai Motor India, effective December 31. The company has received shareholders’ approval for the appointment of Tarun Garg as the new Managing Director & Chief Executive Officer, effective January 1, 2026.

Redington: The company has received an order from the CGST Gurugram Commissionerate, Gurugram, raising a demand of Rs 148.33 crore (including interest and penalty) for the financial years 2018–19, 2019–20, and 2021–22.