US Fed lowers interest rates, Mexico's 50% tariffs on India, & more - Groww Digest
Thursday, 10 December 2025
Markets opened almost at yesterday’s closing point.
All sectors’ stocks rose today except for the media stocks and oil and gas stocks. Auto stocks and metal stocks rose the most.
Global markets: US markets rose. Most Asian markets fell. Most European markets rose (as of 6 pm IST).
News
The US Fed lowered the key lending rate for the 3rd time this year, to a range of 3.50% to 3.75%.
Mexico approved higher tariffs of up to 50% on imports from India, China, and other Asian countries on a variety of goods to protect its domestic industries.
Nephrocare Health IPO has been subscribed 0.36 times. Retail subscription: 0.45 times. IPO closes tomorrow (12 Dec).
Park Medi World IPO has been subscribed 0.98 times. Retail subscription: 1.19 times. IPO closes tomorrow (12 Dec).
Stocks Updates
TCS: signed an agreement to acquire US-based Salesforce consulting firm Coastal Cloud for up to $700 million.
SBI: will buy 1 crore equity shares of IDPIC at Rs 10 each to acquire a 50% stake as the initial promoter of IDPIC (it is a new bank-promoted, not-for-profit digital payments intelligence company being set up to improve fraud detection and safety across India’s payment ecosystem).
Vedanta: was declared the successful bidder for the Genjana Nickel, Chromium and PGE block under India’s Critical Mineral Auctions.
NTPC: announced its subsidiary, THDC’s, Tehri PSP Unit III (250 MW) will begin commercial operation from 12 Dec.
InterGlobe (IndiGo): said refunds for recent flight disruptions have been initiated and severely impacted passengers from 3 to 5 Dec will receive Rs 10,000 in travel vouchers in addition to government-mandated compensation.
Tata Power: received a letter of intent to acquire the Jejuri Hinjewadi Power Transmission SPV, a 35-year build, own, operate, transfer project involving a 115 km 400 kV transmission line.
GAIL: received a GST demand order for non-payment of GST on corporate guarantees issued for subsidiaries and joint ventures, with a penalty of Rs 143.08 crore.
Tata Steel: confirmed it will acquire a 50.01% stake in Thriveni Pellets for up to Rs 636 crore and multiple India-focused expansion plans.
Power Finance: announced that its subsidiary PFCCL has incorporated a new special purpose vehicle (spv), Latur Rez Transmission Ltd, to start initial work for a Maharashtra transmission project before transferring it to the winning bidder.
Tech Mahindra: announced the incorporation of a new step-down subsidiary, Yabx Technologies Tanzania Ltd, to provide software and analytics services in Tanzania.
Samvardhana Motherson: completed the acquisition of the remaining 10% stake in Motherson Lumen Systems South Africa, making it a wholly-owned subsidiary.
Airtel: received a stamp duty demand notice of Rs 1.82 crore related to a 2014 agreement and is considering legal options.
Adani Enterprises: announced that its Rs 24,930.30 crore rights issue, opened on 25 Nov, is closed on 10 Dec.
Mankind Pharma: received a GST order imposing a Rs 15.31 crore penalty, which it will challenge.
Word of the Day
Disinvestment
It is when the government or an organization sells its stake in a business
This is done through liquidating assets, or selling shares or a subsidiary.
Disinvestment can be partial or full, depending on how much stake is sold.
Governments disinvest to reduce debt, raise funds, and encourage private sector participation.
Example: The Indian government sold its stake in Air India to the Tata Group in 2021.
6 Day Course
Theme: AIF
Day 4: Thursday
Now, let’s understand how AIFs charge their fees for managing the money.
Mutual funds’ expense ratio is capped by SEBI. No such cap exists in case of AIF.
Most AIFs have management fees of around 2% of the invested amount per annum. This is just the first fee.
There’s something called hurdle rate. This is the return above which the fund is considered to be a “good performer”.
If the funds’ returns are above the hurdle rate, the AIF charges a ‘good performance fee’.
Example: let’s say an AIF’s management fees is 2%, hurdle rate is 12%, and the good performance fee is 20%.
This means 2% per annum will be charged no matter what.
And if the AIF gives returns above 12%, then 20% will be charged on the returns it gave above 12%.
The fees structure can be more complicated and elaborate too. It depends on the AIF.
Featured Questions
“What is the criteria for shares to addition and removal from Nifty 50 index that affect retail investors.”
Nifty 50 is made up of 50 of the biggest companies in India.
So when a company size (market capitalisation) ranks within the top 50 companies, it can become a part of Nifty 50.
The reshuffle happens twice a year — once in March and once in September.
Since this is a rank based index, there can only be one company that ranks 1 in size, or 2, or 3, etc.
This ranking is how companies are added/removed from Nifty 50.
So a company being removed does not technically mean it is not growing. It only means another company has grown bigger than it.
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