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.

Peak XV, one of India’s largest venture capital (VC) firms, is cashing out big in 2025. Its early bets on Groww, Pine Labs, Meesho, Lenskart, Ather, Wakefit, Blinkit, Tata 1mg, and ixigo have together delivered ₹70,000-90,000 crore this year. For readers, it signals a turning point where Indian startups are creating real returns, not just headline valuations.

The Sleep Company, led by co-founder Priyanka Salot, saved ₹12 crore after choosing not to follow Google and Meta’s advice on store-visit ad campaigns. A zero-budget test in two cities showed no change in walk-ins, proving the ads weren’t driving footfall. The company cut the ₹1-crore monthly spend, underscoring the value of independent testing.

AI startup Anthropic has hired law firm Wilson Sonsini to prepare for an IPO, Financial Times reported. The public offering could occur as early as 2026, as Anthropic prepares to beat rival OpenAI in the race to get listed in the US market. Notably, Anthropic is negotiating a private funding round that will take firm's valuation to $350 million.

Emil Barr, an entrepreneur from US worth $25 million (₹224.7 crore), has said he doesn't regret giving up sleep, friends and college parties while starting his first company. "I believe advocating for extreme work-life balance is a recipe for mediocrity," the 22-year-old added. Barr, currently CEO of Flashpass, stated he typically works "100-hour weeks" and has now optimised his life.

Global nonprofit Beyond Type 1 co-founded by Nick Jonas and backed by Priyanka Chopra Jonas has expanded to India with its first campaign, #TheBeyondType. The initiative aims to raise awareness about Type 1 diabetes, fight stigma, support grassroots groups working across regions. Through real stories of people thriving with diabetes, it hopes to change how the world sees the condition.

Wipro has finalised its $375 million acquisition of Harman’s Digital Transformation Solutions (DTS) business. Over 5,600 DTS employees globally will now join Wipro. The deal expands Wipro’s capabilities in AI-powered engineering, embedded software, device engineering and digital transformation, positioning it to deliver advanced next-gen products and services at global scale.