Market Highlights

Edible Oil Prices in India Likely to Drop Up to 9% by Mid-December Amid Global Production Surge and Indonesia’s Policy Shift: reports​ ET

BL reports that auto dealers in the country have urged state governments to implement the Centre’s Scrappage Policy, allowing older vehicles to be scrapped for incentives, which would help boost vehicle sales.

ET reports that the Insurance Amendment Bill proposes raising the FDI limit to 100% from 74%, lowering capital requirements, and introducing a composite license for companies to offer various insurance products.

The government said on Monday that creditors have recovered approximately Rs 3.55 lakh crore through the resolution of 1,068 cases under the insolvency law till September this year, reports ET.

Goldman Sachs expects a 50 bps RBI rate cut by June 2025, starting in Q1, and lowers India’s FY25 growth forecast to 6.4%, citing a cyclical slowdown and strong dollar impact: ET report.

The Union government has revised the capital restructuring guidelines for CPSEs, incorporating provisions on share buybacks and dividends, to better align with market conditions and strengthen financial restructuring, according to Moneycontrol.

Retail Tomato Prices Drop 22.4% MoM to Rs 52.35/kg in November Amid Improved Supplies, While Wholesale Prices at Delhi’s Azadpur Mandi Fall Nearly 50%, Reports Consumer Affairs Ministry, BS.

The RBI and SEBI have introduced a framework that allows foreign portfolio investors (FPIs) who exceed the 10% investment limit to reclassify their holdings as foreign direct investments (FDIs), ET reports.

ET reports that the Indian government is considering raising the EPFO’s wage ceiling to 21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15.

​India’s economy could encounter short-term challenges if Trump secures a second presidency, including potential rupee weakening, imported inflation, and reduced exports to the U.S.; foreign portfolio investments (FPIs) may also slow due to protectionist policies, reports FE.