India’s Week in Review: Verdicts, Mergers, and Economic Projections

Ram Mandir

December 6, 2024

New Delhi, India

Weekly Highlights:

SEBI Boosts Stock Market Transparency with New Short-Selling Rules

SEBI’s new regulations, effective January 5, 2024, enhance transparency in India’s stock market. They mandate upfront disclosure of short sales by institutional investors, with brokers and exchanges responsible for weekly public reporting. The rules restrict day trading for institutional investors and emphasize gross basis fulfillment. Mixed reactions highlight concerns about market efficiency. Overall, SEBI aims to foster accountability and transparency in the stock market.

Read here

Adani-Hindenburg Case: Supreme Court Upholds SEBI’s Authority

In a pivotal legal development, the Supreme Court dismissed the transfer of the Adani-Hindenburg case from SEBI to SIT. The court expressed confidence in SEBI’s capability and directed the government and SEBI to investigate any potential legal breaches outlined in the Hindenburg report.
Read here

Reliance and Disney Antitrust Due Diligence: A New Media Merger on the Horizon

Mukesh Ambani’s Reliance Industries and Walt Disney are making strides toward a significant merger in the Indian media and entertainment sector. The initiation of antitrust due diligence, involving law firms, signals a meticulous examination of regulatory implications.

Economic Outlook: India’s GDP Projections for FY24

India’s economic future looks promising with a projected growth of 7.3% in FY24. Fueled by sustained investment and robust performances in manufacturing, construction, and specific services, the government’s estimates surpass the central bank’s revised figures.

Services Sector Surge: HSBC India PMI Hits Three-Month High

December witnessed a notable uptick in India’s services sector, as reflected in the HSBC India Services Purchasing Managers’ Index (PMI). The rise from 56.9 to 59 indicates positive momentum, with the sector playing a pivotal role in the country’s economic landscape.

Corporate Moves: IPOs and New Ventures

The corporate landscape is abuzz with activity. Jio Financial-BlackRock seeks a mutual fund license, Jyoti CNC Automation Ltd prepares for its IPO, and Flipkart co-founder Binny Bansal launches OppDoor, a startup offering end-to-end solutions for e-commerce firms.

Latest IPO News

Mobikwik’s Financial Moves: IPO Filing and GST Demands

Mobikwik is making strategic financial moves by filing for a ₹700 crore IPO. Concurrently, Hindustan Unilever Ltd faces significant Goods and Services Tax demands and penalties totaling ₹447.5 crore from authorities.

Adani Surpasses Ambani: Shifting Tides in Billionaires’ Rankings

Gautam Adani has ascended to the top of India’s and Asia’s richest individuals, overtaking Mukesh Ambani, according to the Bloomberg Billionaire’s Index. This shift underscores the dynamic nature of wealth distribution among the country’s business magnates.

Read Here

Global Developments: Epstein’s Contacts and Zomato’s New Year Triumph

A US judge commences the unveiling of Jeffrey Epstein’s contacts, shedding light on individuals associated with the late financier. Meanwhile, Zomato celebrates a record-breaking New Year’s Eve, delivering orders that surpass the cumulative figures of the past six years.


A Week of Significance The week unfolds as a tapestry of legal decisions, economic forecasts, corporate maneuvers, and global revelations. These developments collectively paint a picture of India‘s dynamic and ever-evolving landscape, with each facet contributing to the nation’s narrative.

Read our latest pick for you: India’s Resilient Crude Demand from Russia Amid Red Sea Threats

Also Read: NSE Shifts Bank Nifty Expiry Day to Wednesdays Starting March 1, 2024


CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.