Good Morning • Indiabulls Housing Founder to Resign After Blackstone, ADIA Deal • India Plans Power Plant Coal Stocks of Over 45M Tons by March • India Plans New Rocket to Launch Smaller Satellites in 2022 • India Has Lowered GST Rate to 5% on Ethanol for Oil Blending • U.S.-India 2+2 will Not be Held in 2021: Bagchi • TRAI releases Paper on Regulatory Framework for Data Economy • Byju’s Is Said in Talks to Go Public Via Churchill SPAC Deal o SPAC merger could value Byju’s at more than $40 billion • U.S. Exporters Sell 20,000 Tons of Soybean Oil to India • Global Funds Sell Net INR14.7B of India Stocks on Thursday: NSE o Domestic funds buy net 15.3b rupees of stocks • Foreign Investors Sell Net INR26.5B of India Equities Dec. 15 • Foreigners Buy Net INR35.8B of India Equity Derivatives Thursday • India’s nuclear power capacity of 6,780 MW planned to be hiked to 22,480 MW by 2031: Govt: PTI • Kia plans to announce EV strategy for Indian market next year: PTI • Indiabulls Housing Finance (IHFL): Says founder Sameer Gehlaut to leave company by March 31, 2022; Gehlaut sold 11.9% stake to various funds • Indian Railway Catering (IRCTC): Says increase frequency of Ahmedabad-Mumbai Teja Express to run 5 days a week • Jindal Stainless (JDSL): Targets 5B rupees sales from Chequered Steel • NTPC (NTPC): To issue INR11.75b rupees worth bonds on Dec. 20
