Even though the Reserve Bank of India (RBI) clarified that RBL Bank is financially stable, the pressure on its shares may not ease. The stock is likely to see more outflows in the coming months. Edelweiss Securities said the lender could be excluded from the coveted Nifty Bank index. The Bank of Baroda has a high probability of taking its place in the sectoral index.

Paras Defence secured an order from the Defence Research Development Organization (DRDO) as one of the companies for handing over the technology of border surveillance systems. The technology is as developed by instruments research and development establishment (IRDE) and DRDO. The system will provide all-weather surveillance for day and night monitoring of the border areas.

Rakesh Jhunjhunwala-backed Akasa Air commenced the hiring process for cabin crew, maintenance staff, airport managers and other staff ahead of its summer 2022 launch. Earlier on December 22, the low-cost airline unveiled its brand identity with a ‘Rising A’ logo and tagline, It’s Your Sky. Its tagline "It’s Your Sky" is the brand’s promise to embrace everyone.

Minda Corporation achieved the 6th ICSI CSR Excellence Award for innovation and sustainability in managing Corporate Social Responsibility in the emerging category on December 18. Minda Corporation Limited is committed to working towards integrated and inclusive growth of the people and the planet and this accolade is a testament to the company’s work in the direction.

Ind-Ra modified Vedanta’s Outlook to Positive from Stable while affirming its Long-Term Issuer Rating at ‘IND AA-’on December 23, 2021. The Outlook revision reflects a likely improvement in the operational cash flow for FY22 and FY23 because of a significant increase in the operating profitability, led by enhanced volume performance, cost improvements across segments.

Telefonica acquired 5G network equipment from Swedish manufacturer Ericsson to replace some of the Huawei gear it introduced in Spain. The replacement of the next-generation mobile network equipment is part of Telefonica's strategy announced in 2019 to diversify suppliers. The 2019 decision came at a time when China's Huawei had been drawn into the centre of political tensions between US & China.

Inox Leisure initiated the Commercial Operations of a Multiplex Cinema Theatre taken on a Lease basis, located in Gurugram, Haryana from December 24, 2021. The mentioned Multiplex Cinema Theatre has 5 screens and 904 seats. With the latest move, INOX is now available in 70 cities with 158 Multiplexes, 667 screens, and a total seating capacity of 150,621 seats across India.

Sterlite Brazil Participações SA, a unit of Sterlite Power Transmission secured the second lot in the transmission auction, promoted by the National Electric Energy Agency (ANEEL) in São Paulo. The annual permitted revenue (RAP) of the project is BRL 7.093 million ($1.3 million). It translates to a discount of 66.9% against the maximum amount of BRL 20.914 million ($3.8 million).

✅Benchmark indices closed on a positive note as they erased previous session losses. The Sensex was 🔼 334.86 points or 0.59% at 57,459.17, and the Nifty was 🔼 92.50 points or 0.54% at 17,096.30 at 3:30pm. About 1944 shares have advanced, 1285 shares declined, and 124 shares are unchanged. Among sectors except for metal, all other sectoral indices ended higher with the pharma index gaining 1%.

1️⃣Tata Teleservices (Maharashtra) Limited: ₹7.8/5 apiece levels to ₹169.85/share levels, registering ⬆️2000% 2️⃣Tata Power: Surged around ₹75 to ₹215 levels, logging near 1880% rise in year-to-date. 3️⃣Nelco: near ₹200 levels to ₹720, logging around 260% rise. 4️⃣Tata Elxsi: surged around ₹1870 to ₹5460 levels, near 190% rise. 5️⃣Tata Motors: ₹185 to ₹465 in year-to-date time, ⬆️ around 150%

HP Adhesives debuted on the exchanges with 16% gain at ₹319. ➡️According to analysts, investors can book profits at current levels as some correction in its price is expected in the coming weeks. Investors who got the allotment are advised to keep a stop loss of Rs 300, while new investors can consider Pidilite Industries. 🔎Aggressive investors may hold the allotted shares for the long term.

✅Rainbow Children's Medicare filed preliminary papers with market regulator Sebi to raise over 💰₹2,000 crore through an initial public offering (IPO).  Rainbow, backed by UK-based development finance institution CDC Group plc, established its first 🏥 50-bed pediatric speciality hospital in 1999 in Hyderabad. The group boasts of clinical expertise in managing complex diseases.

Domestic brokerage house Kotak Securities added GMR Infrastructure to its midcap portfolio 📊as international traffic has been quite muted and the brokerage expects this to pick up from 2HCY22. The infra stock has surged over 🚀78% in 2021 (year-to-date or YTD), whereas in a year's period, GMR Infra shares have given around 🔼 82% return. Kotak Securities' 12-month Fair Value for GMR Infra is ₹49.

✅Capillary Technologies filed Rs850 Cr DRHP with SEBI. The maiden issue includes a fresh issue of shares worth Rs 200 Cr and an offer for sale worth Rs650 Cr. Founded in 2008, Bengaluru and Singapore-based Capillary Technologies is an omnichannel engagement and commerce solution startup. It offers 100+ loyalty programmes and has over 120K stores and more than 500 Mn consumers.

China's BYD and autonomous driving startup Momenta developed a 100 million yuan ($15.7 million) JV to foray into the autonomous driving capabilities across certain BYD car model lines. The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving technology.