The Reserve Bank of India (RBI) cautioned in its bi-annual Financial Stability Report (FSR) that borrowers with unsecured loans, such as credit cards and personal loans, who also have larger secured loans, risk triggering delinquencies in the secured loans if they default on the smaller ones. Default in any loan category results in other loans of the same borrower being treated as non-performing by the lending financial institution.

Nishant Pitti, co-founder of EaseMyTrip, is set to sell his remaining 14 per cent stake in the company for Rs 780 crore through a block deal scheduled for December 31, according to several media reports. The deal involves 500 million shares priced at Rs 15.6 per unit.

Prominent institutional investors, including CRAFT Emerging Market Fund PCC’s Citadel Capital Fund, Elite Capital Fund, Multitude Growth Funds Limited, Nexpact Limited, and Eminence Global Fund, are reportedly participating in the transaction.

Adani Enterprises (AEL) announced on Monday that it has entered into an agreement to sell its entire stake of around 44 per cent in FMCG joint venture Adani Wilmar (AWL). The stake sale, which will be executed in two tranches, is expected to generate approximately $2.2 billion, or Rs 18,817 crore, for the Adani group upon completion.

Shares of Vodafone Idea surged 7 per cent at Rs 8 a piece on the BSE in Monday’s intraday trade. Vodafone Idea share price rose after the debt-laden telecom provider Vodafone Idea Ltd. announced that the Department of Telecommunications (DoT) has waived the requirement to submit financial bank guarantees for spectrum acquired in auctions held in 2012, 2014, 2015, 2016, and 2021. The company received this communication from the DoT on December 27, 2024. However, this waiver comes with specific terms and conditions.

State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview.

Indian state refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about 8 million to 10 million barrels of crude for January loading that they have previously seen available in the market, sources said earlier this month.

Farmers blocked roads at many places across the state on Monday, crippling commuter traffic, as part of their Punjab bandh.

A call for a shutdown was given last week by Samyukta Kisan Morcha (Non-political) and Kisan Mazdoor Morcha over the Centre not accepting the demands of protesting farmers.

A day after former chief minister of Delhi Arvind Kejriwal alleged that central probe agencies were attempting to arrest current Delhi CM Atishi over the free bus rides service for women, the additional chief secretary (ACS) of the Transport Department rejected Kejriwal’s claims, describing them as “misleading” and “misplaced.”

The JSW Group is in talks with several potential partners, including prominent Chinese companies such as Geely and BYD, with plans to launch electric cars and e-trucks under its own brand, according to a report by The Economic Times.

The group, led by Sajjan Jindal, is seeking collaborations involving licencing agreements or technology transfers to create a fully integrated mobility company.

Thousands of Bihar Public Service Commission (BPSC) aspirants staged a protest at Patna's Gandhi Maidan on Sunday, 29 December, demanding a re-examination of the 70th BPSC preliminary examination. The police resorted to lathi-charge and water cannons to disperse the crowd, while the protesters broke through barricades in their push for a re-exam.

External Affairs Minister S Jaishankar has met Congressman Michael Waltz, President-elect Donald Trump's nominee for National Security Advisor, during which they had a wide-ranging conversation on the bilateral partnership between India and the US as well as current global issues.

Jaishankar is currently on an official visit to the US from Dec 24-29. This was the first highest-level in-person meeting between the Indian government and the incoming Trump administration.

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