December 2, 2025

ED raids Naresh Kumar Kejriwal over ₹900 crore undisclosed foreign assets under FEMA

The Enforcement Directorate is raiding locations linked to CA Naresh Kumar Kejriwal for hiding ₹900 crore in foreign shell firms and routing ₹1,500 crore illegally to India. Probes cover Ranchi, Mumbai, and Surat.

December 1, 2025

15 Declared Wanted Under Fugitive Economic Offenders Act, ₹26,645 Cr Loans Involved

Fifteen fugitive economic offenders, including Nirav Modi and Vijay Mallya, are wanted by courts for frauds worth ₹26,645 crore. Nine are linked to big bank scams. Two offenders settled dues. The Supreme Court also ordered quashing of criminal cases on conditional payment.

December 1, 2025

ATF Prices Rise 5.4%, Commercial LPG Rates Cut by ₹10 in December Fuel Update

On December 1, 2025, Aviation Turbine Fuel prices in India jumped by 5.4%, hitting nearly ₹99,677 per kilolitre in Delhi. Meanwhile, commercial LPG cylinders saw a ₹10 price cut. This marks the third consecutive ATF hike, adding cost pressure on airlines, while domestic LPG prices remain steady.

December 1, 2025

India's Manufacturing PMI Slows to Nine-Month Low Amid US Tariff Concerns

India's manufacturing growth slowed sharply in November. The HSBC India Manufacturing PMI dropped to 56.6 from 59.2 in October. Slower sales and US tariffs hit exports, while business confidence fell to a three-year low. India hopes a trade deal with the US this year will ease tariff pressures.

December 1, 2025

Greens Demand 25% Gas Export Tax as Home Prices Surge Beyond Rate Cut Gains

The Australian Greens want a 25% tax on all gas exports to protect domestic supply and avoid a future gas shortfall. Meanwhile, soaring home prices have erased the advantage of recent interest rate cuts for buyers.