Corporate Updates
Mahindra & Mahindra (M&M) is set to overtake Hyundai Motor India to become the country’s second-largest passenger vehicle maker in 2025, behind Maruti Suzuki.
M&M registered around 581,000 units this year, surpassing Hyundai’s 550,000.
The shift reflects strong SUV demand and M&M’s expanding portfolio, while Hyundai’s limited new launches contributed to its drop in rankings. Tata Motors remains close behind in third place.
India’s industrial production rose sharply by 6.7% in November, recording its fastest growth in over two years, according to official data.
The surge was mainly driven by a strong recovery in manufacturing output, which grew around 8%, supported by higher production of automobiles, pharmaceuticals, metals and consumer goods.
Mining activity also showed improvement, reflecting steady demand. However, electricity generation remained weak, showing a slight contraction during the month.
The sharp rise in the Index of Industrial Production (IIP) marks a significant rebound from October’s muted performance and signals improving economic momentum amid festive demand and rising consumption.
The Reserve Bank of India (RBI) warned that banks face increasing competition from equity markets and technology-driven solutions.
Its ‘Trend and Progress of Banking in India 2024‑25’ report noted that while traditional bank credit growth is moderating, corporate funding via equity and non-bank sources is rising. Digital transformation offers convenience but also exposes banks to cybersecurity and operational risks.
The RBI emphasized the importance of robust risk management, responsible technology adoption, and financial inclusion to stay competitive. Banks must adapt quickly to evolving customer expectations and emerging funding alternatives to maintain resilience.
Shares of Gujarat Kidney and Super Speciality Ltd made a steady debut on the stock exchanges, listing at a 6 per cent premium over the IPO price. The stock opened at around ₹120–121, compared to the issue price of ₹114, indicating healthy investor appetite.
The IPO received strong overall subscription, led by retail investors, reflecting confidence in the company’s healthcare-focused business model. Funds raised through the public issue will be used for expansion, hospital acquisitions, and purchase of medical equipment. The positive listing highlights continued interest in healthcare stocks despite mixed market conditions.
Hindustan Copper surged up to 67% in December, hitting a 15-year high before trimming some gains, while Hindustan Zinc rose around 35%, driven by strong global copper and silver prices.
The metals rally has bolstered investor sentiment, reflecting optimism about base metals amid robust demand. Analysts, however, advise caution, noting that both stocks appear overbought at current levels.
While long-term prospects remain positive due to steady commodity demand and supportive market trends, short-term volatility could persist. Investors are recommended to assess risk and consider waiting for a potential correction before entering.
IndiGo’s share of India’s domestic aviation market fell to 63.6% in November, down from 65.6% in October, following widespread operational disruptions, delays, and aircraft shortages.
Aviation regulator data shows the airline was asked to trim its winter schedule by 10% to stabilise operations. Despite retaining a clear market lead, the decline allowed competitors to gain ground.
The Air India Group increased its share to 26.7%, while SpiceJet rose to 3.7%. Passenger traffic continued to grow overall, but service challenges and higher complaints impacted IndiGo’s dominance, highlighting intensifying competition in the domestic airline sector.
Mangaluru has attracted investments and acquisitions worth $240 million in the Global Capability Centre (GCC) and technology sectors over the last four years, according to a state government report.
The data shows growing interest from national and international companies in areas such as fintech, regulatory technology, digital services and IT operations.
Officials say the city is emerging as a preferred alternative to major metros due to its skilled talent pool, improving infrastructure and lower operational costs. The steady inflow of investments has strengthened Mangaluru’s position as an upcoming technology and innovation hub in Karnataka.
Housing sales in India’s seven major cities fell 14% in 2025, with 3.96 lakh units sold compared to 4.60 lakh units the previous year, according to ANAROCK Research.
The decline is attributed to rising property prices, IT sector layoffs, geopolitical uncertainty, and weaker buyer sentiment. However, the total value of transactions grew 6% to over ₹6 lakh crore, supported by increased demand for luxury and premium properties.
Chennai stood out as the only city showing higher sales volume. Meanwhile, average property prices rose approximately 8% across major cities, reflecting a shift toward higher-end housing despite lower overall sales.
India’s exports for FY26 are projected at around $850 billion, falling short of the $1 trillion target, according to the Global Trade Research Initiative (GTRI).
Sluggish global demand, especially from the US and EU, and rising protectionism are limiting merchandise export growth. While India has signed 18 free trade agreements, GTRI notes that more effort is needed to make them effective.
Expanding export products and markets, along with improving competitiveness, will be crucial. Services exports may help offset shortfalls, but without strategic action, the $1 trillion milestone remains out of reach.
IndiGo cancelled 67 flights across multiple airports as dense fog and adverse winter weather disrupted operations.
The airline said most cancellations were due to forecasted low visibility, with only a few linked to operational reasons. Airports affected included Chandigarh, Dehradun, Agartala, Varanasi, and Bengaluru. The disruptions come during the official fog season, when early-morning visibility often drops sharply.
IndiGo has faced operational pressure in recent weeks, prompting closer monitoring by the aviation regulator, DGCA. The airline advised passengers to check flight status regularly and plan for delays, stressing that safety remains its top priority.