Under the new Labour Codes, individuals working as fixed-term employees will get gratuity after completing just one year of continuous service, rather than five, The Financial Express reported. The rule also applies to contract workers, both in government and private sectors. A uniform wage structure has been introduced. Employers must pay gratuity within 30 days or face 10% annual interest.

The Income Tax Department will send SMS alerts and emails to around 25,000 taxpayers over potential non-disclosure of foreign assets in ITRs filed for AY 2025-26. According to PTI, these taxpayers will be asked to file revised ITRs by December 31 to avoid penalties. The first phase of "nudge" campaign will target "high-risk" cases before expanding to other cases.

Investment of ₹2.5 lakh, while assuming a 12% annual return, is estimated to generate about ₹1.91 lakh in returns by 2030, reaching a corpus of ₹4.41 lakh. If one extends the tenure to 10 years, the same ₹2.5 lakh invested until 2035 is estimated to generate about ₹5.26 lakh in returns, taking the total maturity corpus to roughly ₹7.76 lakh.

Investments by mutual funds and specialised investment funds in real estate investment trusts (REITs) will be considered as equity-related investments, starting January 2026, SEBI said. However, the reclassification exempted existing investments in REITs held by debt schemes of mutual funds as of December 31. InvITs will continue to be classified as hybrid instruments.

AI and automation could replace up to three million low-skilled jobs in the UK by 2035, according to a report by the UK-based National Foundation for Educational Research. Most vulnerable sectors include administrative, secretarial, customer service, and machine operation roles. On the other hand, highly skilled professionals such as engineers and scientists were forecast to be in greater demand.

The Delhi Police warned about fake WhatsApp and SMS messages claiming a traffic challan (fine) is due, tricking users into downloading harmful files like "RTO CHALLAN.apk" to make payment. Officials said these links are part of phishing operations. They also urged people to check challan status only on the official Parivahan portal or Delhi Traffic Police website.

Tata Electronics plans to hire around 15,000 people to take its headcount to 75,000 at its Hosur plant in Tamil Nadu over the next six months, the ET reported. The company aims to match Foxconn's workforce level in India to keep up with the demand from Apple. However, the firm is reportedly struggling to find enough skilled manpower.

The J&K and Ladakh High Court held that cross-LoC trade with Pakistan-occupied Kashmir constitutes intra-state trade under GST since PoK is legally part of the erstwhile J&K state. It ruled that both supplier location and place of supply lay within the same territory. The decision rejects pleas by traders who argued that the cross-LoC "barter" trade should be exempt.

India's exports to US saw sharp reversal under impact of heavy tariff hikes, stated a Global Trade Research Initiative (GTRI) report. Between May and October 2025, shipments fell 28.5% plunging from $8.83 billion to $6.31 billion. In October, exports plummeted 25.8% as tariff-exempt items like phones, pharmaceuticals and petroleum products accounted for 40.3% of exports.

Before closing bank account, customers should check for hidden charges. They must ensure there are no pending minimum balance penalties, negative balance, unpaid debit card fees, or active auto-debits like EMIs or SIPs. They should also confirm whether bank charges closure fee. Clearing all dues and shifting payments in advance can prevent unexpected deductions later.

NSE revised the quantity-freeze limit for Fin Nifty index derivatives to 1,200 contracts from 1,800. The change will take effect from December 1. Under the new rule, maximum order sizes for index-derivative trades have been reset, with limits of 600 for Bank Nifty, 1,800 for Nifty, 1,200 for Fin Nifty, 2,800 for Midcap Nifty, and 600 for Nifty Next 50.

Financial services firm BTIG's Chief Technical Strategist Jonathan Krinsky expects Bitcoin to jump back to $100,000 levels after seeing a "36% peak-to-trough decline". Technical and seasonal trends are showing strong momentum, Krinsky said in a note. Bitcoin, which is currently trading at around $90,000, reached an all-time high of $126,198 in October before crashing this month.

SEBI Chairman Tuhin Kanta Pandey stressed the growing importance of financial literacy, calling it the "foundation of empowerment, enabling individuals to understand how to save, invest and protect their hard-earned money." This comes as the mutual fund industry’s assets crossed ₹80 trillion. Pandey cautioned that rising investor participation must be matched with deeper financial understanding.

LIC's equity portfolio has seen a tenfold growth over the past decade, with a sharp rise recorded in the post-2020 era, an NDTV Profit analysis showed. The Banking, Financial Services and Insurance (BFSI) sector accounts for 29% of LIC's top equity holdings, valued at over ₹3.66 lakh crore. It is followed by oil & gas, IT and consumer goods sectors.

Meesho's shares are trading at ₹146 in the grey market, around 32% higher than the upper end of the official price band. The e-commerce platform will launch its ₹5,421-crore initial public offering on December 3, with a price band of ₹105-111 per share. The IPO includes a fresh issue worth ₹4,250 crore and an offer-for-sale of 10.55 crore shares.

Centre's fiscal data for FY25-26 up to October shows steady revenue collection and record fund transfers of ₹8.34-lakh crore to state governments. This figure is ₹1.11 lakh crore higher than the amount released in the same period last year. The fiscal snapshot for April-October 2025 shows that Centre received ₹18 lakh crore, amounting to 51.5% of Budget Estimates for 2025-26.

China's central bank, People's Bank of China (PBOC) will crackdown on illegal activities involving virtual currencies. "Virtual currencies don't hold same legal status as fiat currency and can't be used as legal tender in market," said the PBOC. Further, it warned that stablecoins risk being used for illegal activities including money laundering, fraud and unauthorised cross-border fund transfers.

The Rajasthan High Court has directed the state government to ensure that at least 15% drivers on ride-booking apps are women in the next six months. This would be increased to 25% in the next 2-3 years, and the court also said that female passengers must have the preference in the apps' software to opt for female drivers first.

Lenskart published its first quarterly results after listing on the stock exchanges earlier this month. It reported a net profit of ₹102 crore for the second quarter, up roughly 20% from ₹85 crore in the same period a year ago. The eyewear brand's revenue from operations also jumped around 21% to ₹2,096 crore from ₹1,736 crore during the same period.

Lenskart projected that Indian eyewear market will grow from $9.2 billion in FY25 to $17.2 billion by FY30. This estimate is significantly higher than projections shared by its competitor, Titan, which said the market is expected to grow to roughly $5 billion by 2030. Lenskart claims rising first-time diagnoses, demand for prescription eyewear and higher purchases will push the growth.

Kwality Wall's India will be included in Nifty 50 index from December 5. NSE will conduct special pre-open session for Hindustan Unilever (HUL) on December 5, ahead of the FMCG major’s planned demerger of its ice-cream business into Kwality Wall’s India. The demerged entity will be temporarily added to 35 Nifty indices with a dummy symbol and at zero price.

SEBI has banned brokerage Prabhudas Lilladher from taking on new clients, contracts, or launching new schemes for seven days, starting December 15. The regulator accused the company of multiple violations, including misuse of client funds, misreporting margins and incorrect reporting. SEBI, along with the NSE, BSE and MCX, inspected the company in 2022.

A 1990-batch Indian Revenue Service (Customs & Indirect Taxes) officer, Vivek Chaturvedi, has been appointed as the Chairman of the Central Board of Indirect Taxes and Customs (CBIC). He will succeed Sanjay Kumar Agarwal, a 1988-batch IRS officer, who completed his tenure and retired on November 28, 2025. Before the appointment, Chaturvedi served as Chief Vigilance Officer in CBIC.

Garden Reach Shipbuilders and Engineers (GRSE) has been fined ₹19.54 lakh by the NSE and the BSE for failing to comply with corporate governance norms. Each exchange has imposed a fine of ₹9.77 lakh for the violations that were flagged during the quarter ended September 30. The violations pertain to mandatory presence of independent directors, including a woman independent director.

Tata Sons may consider infusing more funds into airline operator Air India if there is a requirement for it, Chairman N Chandrasekaran said. This comes as previous reports stated that Air India was seeking funds worth up to ₹10,000 crore from its promoters, Tata Sons and Singapore Airlines. Notably, in FY25, both stakeholders infused around ₹9,500 crore in the airline.