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Mint examines what relief the government is considering for Vodafone Idea, why AGR recalculation alone may not be enough, how high tariffs would need to rise for the company to remain viable, and whether India’s telecom market can sustain repeated price hikes without losing subscribers or competition.In October, the Supreme Court allowed the government to reassess Vodafone Idea’s adjusted gross revenue (AGR) dues, which stood at ₹83,400 crore as of end of March 2025. The ruling came as a breather for the company, which has flagged concerns about its ability to survive beyond the current financial year without government support.AGR is the revenue base used to calculate licence fees and spectrum usage charges payable to the government.

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silver prices surged by around 150% to ₹218,918 per kg, outperforming gold's 79% return. Over the past five years, silver's 231% gain has also outpaced gold's 173% return. This rapid increase has once again brought silver into the spotlight.

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Ajanta Pharma Ltd announced an in-licensing agreement with Biocon this week to market semaglutide across 26 emerging markets, including Africa, West Asia, and Central Asia. The patent for the weight loss drug expires in most of these markets by March, with commercialisation expected post regulatory approvals in late 2026 or early 2027.

Mint, Honest Shelters has agreed to pay Interscape, a Mumbai-based architecture and interior decoration firm, ₹4.8 crore against total dues of ₹5.21 crore. The developer had already paid ₹1.05 crore prior to the settlement and committed to clearing the remaining amount in instalments by 31 December.The order records that Saloni Sulakhe of law firm Dhaval Vussonji & Associates, appearing for Honest Shelters, handed over cheques worth ₹3.75 crore to Interscape’s counsel in court.The settlement removes one more legal hurdle for a project that has been mired in delays since its inception over 15 years ago.

steel prices in Q3FY26 to date are down 2-5% quarter-on-quarter, according to Antique Stock Broking.The impact is most visible in profitability. After Ebitda per tonne fell to ₹10,027 in Q2FY26, down 12.7% year-on-year and 36% sequentially, Nuvama Research expects a further decline in the December quarter (Q3FY26), to about ₹8,200. Ebitda is short for earnings before interest, taxes, depreciation, and amortization.That implies a sequential drop of nearly ₹1,800 per tonne, driven by higher coking coal and iron ore costs.

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electric vehicles, and electronics pushing the market into a supply deficit for the fifth consecutive year in 2025. Silver is currently trading at about $72 per ounce (oz), almost double the average of $36.6 per oz in the half-year ended September (H1FY26), and 1.4 times the FY25 average of $30.4 per oz. The persistent demand-supply mismatch is expected to keep prices firm.The rally brightens HZL’s earnings outlook.

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₹1.5 trillion during the period since RBI’s Monetary Policy Committee met in October 2025.Despite this, in its policy announcement of 5 December, the central bank said it would conduct OMO purchases of government securities (G-Secs) amounting to ₹1 trillion this month, apart from 3-year dollar-rupee buy-sell swaps of $5 billion—only to double the quantum of both within a space of less than three weeks.Last Tuesday, RBI announced OMO G-Sec purchases of ₹2 trillion and a forex swap auction of $10 billion for a tenor of 3 years to be held on 13 January 2026. While bankers say liquidity typically tightens as the year nears its end, RBI has not explained what has changed to make it literally double down on infusion.Yes, like other central banks, RBI is expected to function as a lender of last resort.

cement demand.Dalmia Bharat’s total installed cement capacity stood at 49.45 million tonnes per annum (mtpa) at the end of Q2FY26, and it is targeting 75 mtpa by FY28. However, PL Capital, in a report dated 19 December, noted that the company remains largely a price play in the near term, given that about 60% of its capacity is in the eastern region, including the North-East, and 34% in the southern markets.“We believe Dalmia Bharat, in the near-term, remains a price play on the eastern and southern regions as intense competition from leaders continues to limit market share expansion,” the brokerage said.

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. Vasdev’s politics ranged far left, however, and his customers were unaware that while he fixed their timepieces, he also secretly financed Mau Mau insurgents who fought the British in a bloody conflict in the 1950s.He funded trade unionist Makhan Singh’s printing press, which churned out pro-independence leaflets. Makhan spent 11 years behind bars for his activism.

Sebi)—moves that suggest growing institutional and promoter confidence in the sector.However, experts caution that rich valuations, lumpy growth and cash-flow risks mean only a handful of companies may be able to outperform the broader market from here. While sentiment around the defence theme has cooled, conviction in the sector’s long-term growth story remains intact.The key question, then, is whether there are enough cues for defence stocks to deliver market-beating returns.The prevailing view among market participants is that defence stocks may not deliver market-beating performance in the near to medium term.

The heavy industries ministry is likely to exhaust its ₹857-crore subsidy fund for electric three-wheelers in the L5 category under the ₹10,900-crore PM E-Drive scheme three months ahead of schedule, according to the government’s letter to manufacturers. The funds were originally expected to last until March 2026, but the high adoption of electric three-wheelers means they have been disbursed faster than anticipated.In a publicly available letter to the Society of Indian Automobile Manufacturers (Siam) dated 23 December, the ministry said it would stop granting incentives on reaching the scheme's target of 288,809 L5 three-wheelers, or on 26 December, whichever came earlier.“Para 46 of the scheme notification clearly stipulates that the PM E-Drive Scheme is fund-limited, and once the allocated funds for the scheme or any of its sub-components is exhausted, no further claims will be entertained,” the letter read.Two kinds of electric three-wheelers can receive subsidies under the PM E-Drive scheme – L3 category e-rickshaws with small batteries, commonly used for last-mile connectivity in cities such as Delhi and Kolkata; and larger, L5 category three-wheelers that are used to ferry both passengers and cargo.

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$100 and 120 million at a $500-550 million valuation. The latter, which first raised $2 million in May, is in talks to raise another round of funding, according to news website Moneycontrol.com.While more of these companies are likely to appear in 2026 and secure funding, they remain largely similar, with investors focused primarily on the size and disruptive potential of the market.In a business burdened by high customer acquisition costs, the core challenge lies in cracking unit economics.

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