Mebigo Labs, the parent company of audio platform Kuku FM, has started work on an IPO that could raise around $200 million, Bloomberg reported. The startup has appointed Kotak Mahindra Capital, Axis Bank and Morgan Stanley to manage the share sale. In October, Mebigo Labs raised $85 million in a funding round led by multi-asset investment platform Granite Asia.

India's merchandise trade deficit narrowed to a five-month low of $24.53 billion in November. Merchandise exports in the month rose by 19.37% to $38.13 billion, while imports fell 1.9% to $62.66 billion. Lower gold, oil and coal imports, along with an increase in exports to the US, contributed to the decline in the deficit.

Affluent Chinese nations are using US surrogacy to have multiple American babies, The Wall Street Journal reported. One such Chinese billionaire, Xu Bo, has fathered over 100 US-born babies via surrogacy, the report stated, citing a post by his gaming company Duoyi Network. Xu had reportedly earlier said he wanted his children to marry billionaire Elon Musk's children.

Walmart-owned Flipkart has received approval from the National Company Law Tribunal (NCLT) to shift its domicile back to India from Singapore, Moneycontrol reported. Flipkart plans to launch an initial public offering (IPO) in the Indian stock market in 2026. It is relocating its legal base to India to better align its corporate structure with its core operations and business footprint.

Bengaluru-based startup IPF, a peer-to-peer marketplace for preloved children’s products, has secured ₹3.2 crore in seed funding led by Titan Capital, with support from Better Capital and angel backers including Pratilipi and Grip Invest founders. The capital will help IPF scale its platform, expand its user base and grow offerings in the kids' resale market.

iRobot, the company behind the iconic Roomba vacuum, filed for bankruptcy after years of mounting pressure from cheaper Chinese rivals and the collapse of a planned Amazon acquisition. The firm will be acquired by its Chinese contract manufacturer, Shenzhen Picea Robotics, and says operations and existing devices will continue uninterrupted.

Indias exports rose 19.37% to 38.13 billion dollars in November, the highest in a decade, while imports fell 1.88% to 62.66 billion dollars, reducing the trade deficit to 24.53 billion dollars. Strong export growth offset October losses, with cumulative April to November exports up 2.62% and imports up 5.59%, according to official data.

U.S.-listed XRP spot ETFs have logged nearly $1 billion in uninterrupted inflows since launching in November, defying broader crypto ETF weakness. Bitcoin, Ethereum, and Solana spot ETFs saw multiple outflow days amid market volatility. XRP ETFs have also attracted more capital than Solana funds, though Bitcoin ETFs still lead overall inflows.

A Blinkit delivery agent's viral video showed how much he earns in a day. The man shared screenshots revealing he earned ₹763 by delivering 28 orders in 15 hours. In another video, he shared a comparatively better day, earning ₹1,202 after 32 deliveries in 11 hours. This has sparked debate with people calling the payment "exploitation of cheap human labour".

India's medium- to long-term market prospects are closely linked to the opening up of new sectors to private and foreign participation. Recent cabinet moves on nuclear energy and insurance extend a decades-long pattern seen in telecom, aviation and defence. Such structural liberalisation expands investible opportunities and underpins sustained equity growth beyond short-term market cycles.