News Digest
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Ozempic now available in India
Ozempic, a once-weekly injectable formulation of semaglutide—is approved in India for adults with type 2 diabetes as the first line treatment, adjunct to diet and exercise
Union Cabinet allows for exporting coal up to 50% of received allocation
The now erstwhile policy restricted coal acquired using coal linkages for specific end-uses in industries as cement, steel, sponge, iron, and aluminium, etc, through auctions
Paytm injects ₹2,250 cr into payments arm PPSL via rights issue
One 97 Communications Ltd invested ₹2,250 crore in Paytm Payments Services Ltd. Shares of the company ended higher on Friday, December 12, by 2.48% at ₹1,312.20 on the NSE.
India’s AI royalty plan ‘not sustainable’, likely to fail in implementation: Quantum Hub’s Rohit Kumar
India’s ambitious push to establish a compulsory royalty system for AI training data is drawing early scepticism from policy circles. Experts warn that the global-revenue-based fee structure and the proposed blanket licensing regime could create operational bottlenecks, diminish creator autonomy, and complicate commercial deployment for AI companies. As consultations begin, the debate is shifting from principle to practicality — and whether the framework can be meaningfully implemented at scale.
Cabinet approves Bill to hike FDI in insurance sector to 100%
The finance ministry has proposed amending various provisions of the Insurance Act, 1938, including raising FDI in the insurance sector to 100%, reducing paid-up capital, and introducing a composite licence
All-new MINI Convertible launched at ₹58.50 lakh
The car will be available in the country as a completely built-up unit (CBU)
BEL wins fresh orders worth ₹776 crore for next-gen defence systems
BEL has been steadily building its order pipeline through the year, supported by continued demand for network-centric systems, advanced communication platforms, and next-generation surveillance and combat solutions. Shares of BEL ended 0.5% higher at ₹389.45 on the NSE today, December 12.
IndiGo brings in external aviation experts to probe causes of nationwide disruption
IndiGo appoints Chief Aviation Advisors LLC, led by Captain John Illson, to independently review recent operational disruption after 4,500 flight cancellations at Delhi, Bengaluru, and Mumbai airports.
Afcons Infrastructure bags ₹243.52 cr arbitration award linked to Chenab Bridge project
Afcons Infrastructure won a ₹243.52 crore arbitration award for the Chenab bridge project. Shares of Afcons Infrastructure ended lower on Friday, December 12, by 0.37% at ₹398.90 on the NSE.
Stock markets rise amid buying in metal shares and positive global trends
U.S. Fed rate cuts helped the stock markets to bounce back after a quiet phase
India, New Zealand discuss ways to fast-track FTA talks
The proposed FTA is expected to further boost trade flows, promote investment linkages, strengthen supply chain resilience, and create a predictable framework for businesses in both countries
Retail inflation quickens marginally to 0.7% in Nov. 2025, still second-lowest since Jan. 2012
November’s inflation rate is the second-lowest ever recorded in the current series of the Consumer Price Index
Rupee slumps 9 paise to close at an all-time low of 90.41 against U.S. dollar
Forex traders said the rupee is under pressure, largely due to aggressive dollar purchases by importers amid surging global precious metal prices
Novo Nordisk brings Ozempic to India for type 2 diabetes, price aligned with Wegovy
Novo Nordisk has launched Ozempic in India in three strengths for Type 2 diabetes, with the company saying it will keep pricing in line with Wegovy and expects strong demand despite India’s preference for oral treatments.
From 'last-resort' to first choice: India’s gold loan market poised for 26% growth by FY26
India’s gold loan market is set for strong growth through 2026, driven by regulatory reforms, rising gold prices, and increased formal lending.
Escorts Kubota unveils new construction equipment line-up; sees strong demand in Q4 & double-digit tractor growth
The tractor business continues to grow at a double-digit pace, supported by good monsoon conditions, subsidy programs and strong demand in key states. Bharat Madan, Whole Time Dir & CFO Escorts Kubota dismissed rumours of a delisting proposal. Escorts Kubota shares have gained more than 6% over the past year.
Mercedes to hike vehicle prices by up to 2% to offset impact of weakening rupee
Rise in input costs, commodity prices, and increased logistical expenses, in combination with inflationary pressures, have been creating significant pressure on Mercedes' net profit
Cabinet may consider Insurance Amendment Bill today; proposal includes raising FDI cap to 100%
The Union Cabinet may approve the Insurance Amendment Bill raising FDI in insurance to 100%, amending the Insurance Act, LIC Act, and IRDAI Act to boost capital and sector growth.
Insurers explore deferred commission model in first big move to reduce costs
A nine-member committee of senior industry executives and distribution experts in the insurance sector has been formed to explore ways to lower distribution and commission costs, sources said.
PNB Housing Finance appoints Ajai Kumar Shukla as MD & CEO for five-year term
The appointment is for a five-year term starting Dec 18.
SPJIMR students bag highest offer of Rs 75 lakh per annum, average salary of Rs 33.75 lakh per annum
Bharatiya Vidya Bhavan's SPJIMR has announced impressive placement results for its Class of 2026. Students secured an average salary of Rs 33.75 lakh per annum. The institute reported 100% placements for its largest batch. Consulting emerged as the top recruiting domain. The highest salary offered was Rs 75 lakh per annum.
Regulator CCI examining whether IndiGo violated competition norms: Official
CCI will look into IndiGo’s overall dominant position, dominance in particular routes, and whether there is abuse of dominance, official said