A 35-year-old Indian man named Mohammed Asif has been sentenced to two-year jail after he pleaded guilty to orchestrating a multi-million dollar healthcare fraud in US. Asif, caught while he was attempting to board an international flight, has been fined $1.17 million (₹10.6 crore). Asif and his co-conspirators billed a now-defunct diagnostic lab for COVID-19 tests that were never performed.

The Enforcement Directorate has put up a Hawker 800A jet seized in the ₹792 crore Falcon Group scam case for auction. The aircraft, worth around ₹14 crore, was used by the scam's mastermind CMD Amardeep Kumar to flee India. "The proceeds...shall be eventually used for the purpose of restitution to the victims of the scam," ED said.

V Anantha Nageswaran, PM Modi's economic advisor, said he's not losing his sleep over the Indian rupee falling to all-time lows, crossing the 90-a-dollar mark for the first time. "It'll come back next year. Right now, it's not hurting our exports or inflation," Nageswaran said. "If it has to depreciate, now probably is the right time," he added.

Unlisted shares of Wakefit and Corona Remedies were trading at a premium of up to 18% in the grey market on Wednesday, ahead of their IPOs next week. Home and furnishings startup Wakefit has set a price band of ₹185-195 per share for its ₹1,289 crore IPO. Pharma firm Corona Remedies' IPO is worth ₹655.37 crore.

Supreme Court upheld a penalty imposed by SEBI on Reliance Industries and two of its officials for not making prompt clarification to stock exchange about Jio and Facebook deal in 2020. SC dismissed firm's appeal against a tribunal's decision upholding ₹30 lakh penalty. The firm didn't issue timely clarification in response to widespread media reports on the deal, SEBI said.

As per analysts, weakening of rupee comes as trade deal between India and US stays in limbo. Dilip Parmar, analyst at HDFC Securities, said that rupee's fall was "first and foremost" an "imbalance of demand and supply" with foreign fund outflows and trade deal uncertainty adding more problems. Another key factor, the analyst added, was lack of intervention from RBI.

Kotak AMC MD Nilesh Shah explained that Indian exporters can benefit from the Indian rupee falling to historic lows by pushing their products. "If that happens, growth could get supported overall," he noted, stating that a weaker currency could make Indian goods more competitive abroad. He added that policy support and improved infrastructure will be critical to realise the benefits.

India’s ice-cream market hit ₹268 billion in 2024 and is set to reach ₹1,078 billion by 2033 at 16.7% CAGR. With the December 5, 2025 split allocating 1 KWIL share for every 1 HUL share, the move highlights rising demand, premium flavours and fast-growing retail and e-commerce consumption.

Tata Consultancy Services (TCS) has terminated the services of 365 employees at its Pune office over the past few days, Pune Mirror reported. This comes months after the IT major announced that it'll be undertaking massive layoffs, set to affect 12,000 employees or 2% of its workforce. Three of the fired Pune employees have lodged complaints with the Labour Commissioner.

Apollo Micro Systems allotted 28.89 lakh equity shares of ₹1 each after receiving the ₹24.70 crore warrant exercise price at an issue price of ₹114. With paid-up capital at ₹35.72 crore, Apollo also received a 15-year industrial explosives and manufacturing license, enabling defence aircraft for UAS, INS and radar equipment production.