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What is the story about?
Today’s newsletter tracks the start of Parliament’s Winter Session, New tax on tobacco and pan masala, Wakefit’s upcoming IPO, Bajaj Auto’s steady sales, key stock movers, NIA raids in Kashmir, crucial December financial deadlines, a major US immigration push, India’s wedding-spend trends, and fresh leadership insights from Devansh Jain and Uday Kotak.
PM Narendra Modi addresses the media ahead of the Winter Session of the Parliament
PM Narendra Modi briefed the media ahead of the Winter Session of the Parliament, which starts today.
PM Modi said:
– India has a living democracy. The excitement people show strengthens our belief in it. The voter turnout in Bihar reflects the power of democracy, and women’s participation gives us hope.
– Urges Opposition to key politics aside for healthy discussion in Parliament
– Winter Session should serve the nation
– There should be no drama but delivery in the House.Focus should not be on sloganeering but on the intention to deliver
Govt plans new tax on tobacco, pan masala as GST compensation cess nears end
The central government is set to introduce two new Bills in the Lok Sabha to replace the GST compensation cess on tobacco, pan masala and other sin goods, as the existing levy will discontinue once the Centre completes repayment of loans taken during the Covid period.
Two Bills — The Central Excise Amendment Bill, 2025 and The Health Security se National Security Cess Bill, 2025 — are listed for introduction on Monday by Finance Minister Nirmala Sitharaman, government sources said.
Peak XV Partners-backed Wakefit IPO opens December 8; here's what investors need to know
The initial public offering (IPO) of Wakefit Innovations, the D2C home and furnishings company backed by Peak XV Partners, Elevation Capital, and Investcorp, is set to open for subscription on December 8.
The anchor book will launch a few days earlier, onDecember 5, and the public offer will remain open until December 10.
Bajaj Auto November sales meet expectations, exports grow by 14%
Shares of Bajaj Auto Ltd. gained in early trade on Monday, December 1, after its monthly auto sales for November were in-line with estimates.
The automaker's total sales increased 8% in November to 4.53 lakh units from 4.22 lakh units in the previous year.
This was also in-line with Street estimates of 4.5 lakh units.
Bajaj Auto's total two-wheeler sales increased 3% to 3.8 lakh units from 3.68 lakh units in November last year.
Three stocks that should be on your radar today led by order wins; shares surge over 1% each
Shares of Waaree Energies Ltd., NCC Ltd. and Maharashtra Seamless Ltd. will be in focus on Monday, December 1, on the back of their respective order wins that were reported after market hours on Friday and over the weekend.
NIA raids 8 locations in Kashmir in 'white-collar terror' module case
The National Investigation Agency (NIA) on Monday, December 1, carried out raids at eight locations in Pulwama, Shopian and Kulgam districts of Kashmir in connection with a "white-collar" terror module that was behind a car blast near Delhi’s Red Fort, officials said here.
The NIA teams conducted searches at the residence of Moulvi Irfan Ahmad Wagay in Shopian, officials said. Wagay has emerged as the mastermind of the radicalisation and recruitment of the ’white-collar’ terror module busted early last month.
December financial changes: TDS filing to UPS deadline, key tasks you must not miss
From TDS filing to UPS deadline, here’s a quick roundup of all the major deadlines, rule changes and compliance requirements for bank customers, pensioners, PAN card holders and taxpayers
US lawmaker reintroduces HIRE Act to double H-1B Visa quota amid intense immigration debate
US Democratic Congressman Raja Krishnamoorthi has revived a major immigration reform proposal aimed at easing the pressure on America’s high-skilled labour market. The High-Skilled Immigration Reform for Employment (HIRE) Act, reintroduced in the US House of Representatives, seeks to double the number of H-1B visas annually, from 65,000 to 1,30,000. This comes at a time when this category of visas has become expensive and politically sensitive.
How India’s wedding boom is reshaping household spending
India’s wedding economy is shaping a distinct consumption pattern this season, with families spending more selectively across fashion, jewellery, photography and experiential categories. Retailers and service providers say consumers are prioritising authenticity, quality and personalisation even as celebrations become smaller and more curated
Young Turks Reloaded | How INOXGFL Built a ₹25,000 Cr Global Chemicals Powerhouse
From inheriting a 90-year legacy to building one of India’s fastest-growing renewable energy powerhouses — Devansh Jain has rewritten the playbook of next-gen leadership at one of India’s oldest business houses.
In this episode of Young Turks Reloaded with Shereen Bhan, Devansh Jain, Executive Director of the $18 billion InoxGFL Group, opens up about launching Inox Wind at just 23, battling a sector collapse, and steering the group from a near-zero position in 2022 to a combined listed + unlisted valuation of ₹1.6–1.7 lakh crore today — and racing towards ₹2 lakh crore.
Leadership Language | Uday Kotak shares how a ₹30 lakh venture became Kotak Mahindra Bank
In the early 1980s, in a bustling Mumbai household where nearly sixty members of a Gujarati family shared one roof, a young man dared to dream differently. He could’ve taken the comfortable route, joining his family's cotton trading business, but Uday Kotak decided to take the road less taken. At just 26, with a loan of ₹30 lakh from family and friends, he launched a tiny bill-discounting venture. Four decades later, that small venture would evolve into Kotak Mahindra Bank - India’s fourth-largest private lender and, since 2003, the first NBFC in India to convert into a full-fledged bank.
PM Narendra Modi addresses the media ahead of the Winter Session of the Parliament
PM Narendra Modi briefed the media ahead of the Winter Session of the Parliament, which starts today.
PM Modi said:
– India has a living democracy. The excitement people show strengthens our belief in it. The voter turnout in Bihar reflects the power of democracy, and women’s participation gives us hope.
– Urges Opposition to key politics aside for healthy discussion in Parliament
– Winter Session should serve the nation
– There should be no drama but delivery in the House.Focus should not be on sloganeering but on the intention to deliver
Govt plans new tax on tobacco, pan masala as GST compensation cess nears end
The central government is set to introduce two new Bills in the Lok Sabha to replace the GST compensation cess on tobacco, pan masala and other sin goods, as the existing levy will discontinue once the Centre completes repayment of loans taken during the Covid period.
Two Bills — The Central Excise Amendment Bill, 2025 and The Health Security se National Security Cess Bill, 2025 — are listed for introduction on Monday by Finance Minister Nirmala Sitharaman, government sources said.
Peak XV Partners-backed Wakefit IPO opens December 8; here's what investors need to know
The initial public offering (IPO) of Wakefit Innovations, the D2C home and furnishings company backed by Peak XV Partners, Elevation Capital, and Investcorp, is set to open for subscription on December 8.
The anchor book will launch a few days earlier, onDecember 5, and the public offer will remain open until December 10.
Bajaj Auto November sales meet expectations, exports grow by 14%
Shares of Bajaj Auto Ltd. gained in early trade on Monday, December 1, after its monthly auto sales for November were in-line with estimates.
The automaker's total sales increased 8% in November to 4.53 lakh units from 4.22 lakh units in the previous year.
Bajaj Auto's total two-wheeler sales increased 3% to 3.8 lakh units from 3.68 lakh units in November last year.
Three stocks that should be on your radar today led by order wins; shares surge over 1% each
Shares of Waaree Energies Ltd., NCC Ltd. and Maharashtra Seamless Ltd. will be in focus on Monday, December 1, on the back of their respective order wins that were reported after market hours on Friday and over the weekend.
NIA raids 8 locations in Kashmir in 'white-collar terror' module case
The National Investigation Agency (NIA) on Monday, December 1, carried out raids at eight locations in Pulwama, Shopian and Kulgam districts of Kashmir in connection with a "white-collar" terror module that was behind a car blast near Delhi’s Red Fort, officials said here.
The NIA teams conducted searches at the residence of Moulvi Irfan Ahmad Wagay in Shopian, officials said. Wagay has emerged as the mastermind of the radicalisation and recruitment of the ’white-collar’ terror module busted early last month.
December financial changes: TDS filing to UPS deadline, key tasks you must not miss
From TDS filing to UPS deadline, here’s a quick roundup of all the major deadlines, rule changes and compliance requirements for bank customers, pensioners, PAN card holders and taxpayers
US lawmaker reintroduces HIRE Act to double H-1B Visa quota amid intense immigration debate
US Democratic Congressman Raja Krishnamoorthi has revived a major immigration reform proposal aimed at easing the pressure on America’s high-skilled labour market. The High-Skilled Immigration Reform for Employment (HIRE) Act, reintroduced in the US House of Representatives, seeks to double the number of H-1B visas annually, from 65,000 to 1,30,000. This comes at a time when this category of visas has become expensive and politically sensitive.
How India’s wedding boom is reshaping household spending
India’s wedding economy is shaping a distinct consumption pattern this season, with families spending more selectively across fashion, jewellery, photography and experiential categories. Retailers and service providers say consumers are prioritising authenticity, quality and personalisation even as celebrations become smaller and more curated
Young Turks Reloaded | How INOXGFL Built a ₹25,000 Cr Global Chemicals Powerhouse
From inheriting a 90-year legacy to building one of India’s fastest-growing renewable energy powerhouses — Devansh Jain has rewritten the playbook of next-gen leadership at one of India’s oldest business houses.
In this episode of Young Turks Reloaded with Shereen Bhan, Devansh Jain, Executive Director of the $18 billion InoxGFL Group, opens up about launching Inox Wind at just 23, battling a sector collapse, and steering the group from a near-zero position in 2022 to a combined listed + unlisted valuation of ₹1.6–1.7 lakh crore today — and racing towards ₹2 lakh crore.
Leadership Language | Uday Kotak shares how a ₹30 lakh venture became Kotak Mahindra Bank
In the early 1980s, in a bustling Mumbai household where nearly sixty members of a Gujarati family shared one roof, a young man dared to dream differently. He could’ve taken the comfortable route, joining his family's cotton trading business, but Uday Kotak decided to take the road less taken. At just 26, with a loan of ₹30 lakh from family and friends, he launched a tiny bill-discounting venture. Four decades later, that small venture would evolve into Kotak Mahindra Bank - India’s fourth-largest private lender and, since 2003, the first NBFC in India to convert into a full-fledged bank.
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