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Market expert Sunil Subramaniam anticipates a quiet December for equities. He believes a significant recovery is unlikely this month, with a positive bias expected. Foreign institutional investors are booking profits and taking vacations. Domestic institutional investors are building cash. A potential RBI rate cut could offer a brief trigger.
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News and Media
PIA Privatisation: Pakistan plans to sell its national airline, PIA, through a live bidding process on December 23. This privatization is a key part of the country's IMF bailout program. The government aims to improve PIA's financial health and global standing. This sale represents a significant privatization effort for Pakistan after nearly two decades. The process is moving forward with transparency.
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News and Media
Macron has sought to pressure Xi to help secure a ceasefire in Ukraine, as the war with Russia drags into a fourth winter. China regularly calls for peace talks and respect for the territorial integrity of all countries, but has never condemned Russia for its 2022 invasion.
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News and Media
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