Economic Times

• HDFC Bank has received approval from the Reserve Bank of India (RBI) for its group entities to acquire an aggregate holding of up to 9.50% in IndusInd Bank.
• Tata Power aims for an annual capital expenditure of Rs 25,000 crore through FY30, signaling significant expansion plans.
• Indian equity markets are anticipated to open on a lower note today, influenced by weak global cues.
• Market analysts have recommended several stocks for buying on Tuesday, December 16, including IOC, Vedanta, Canara Bank, NBCC, HCL Tech, HPCL, and IDFC First Bank.

Business Standard

• Stock markets are expected to see live updates today, with GIFT Nifty down and Asian markets falling, as the ICICI Prudential AMC IPO concludes.
• The US plans to reduce the number of G-20 finance meetings during its upcoming chairmanship, aiming to streamline the multilateral process.
• India and the US are nearing a framework trade deal, according to Commerce Secretary Rajesh Agrawal, which could impact reciprocal and penal tariffs.
• India's exports have shown the fastest growth in nearly three and a half years, accompanied by a contraction in gold imports.
• The Centre is proposing to rename the MGNREGA scheme to VB-G RaM G and intends to alter its funding pattern.
• The expansion of the Kavach train protection system is set to open up a significant ₹50,000 crore market.

Mint

• Ford is projected to incur a $19.5 billion hit and plans to scrap previously announced electric vehicle (EV) projects, influenced by changes in policy.
• Today marks the third and final day of the ICICI Prudential AMC IPO, with details on Grey Market Premium (GMP) and subscription status being closely watched by investors.
• Financial news highlights the implications of missing the December 15 deadline for advance tax payments and the associated penalties.

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Tags: Headlines Business News Economic Times Business Standard Mint Top News