Author: Staff Writer

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Corporate

Sensex rises 158 points, Nifty tops 26,000 as IT stocks lead

Indian stock markets bounced back on Thursday after a four-day slump. The BSE Sensex gained 158.51 points, closing at 85,265.32, while the NSE Nifty 50 rose 47.75 points to settle at 26,033.75, snapping a four-day losing streak.

The rebound was led by strong gains in the technology sector, with the Nifty IT index climbing 1.41%. Major contributors included Tech Mahindra (+1.51%), Tata Consultancy Services (TCS, +1.48%), HDFC Life Insurance (+1.49%), SBI Life Insurance (+1.41%), and Bharat Electronics (+1.25%).

On the other hand, some stocks lagged, including InterGlobe Aviation (‑2.39%), Reliance Industries (‑0.88%), Hindalco Industries (‑0.65%), Maruti Suzuki (‑0.64%), and Titan Company (‑0.62%), weighing on broader market momentum.

Broader market sectors were mixed. While IT, auto, metal, and realty indices gained, media, pharma, and small- and mid-cap indices underperformed.

The market rebound was supported by value buying, a recovering rupee boosting export-oriented IT firms, and positive global cues. However, foreign institutional investors continued to sell shares, keeping some pressure on the broader market.

Investors are now closely watching the upcoming Reserve Bank of India (RBI) policy decision, which could influence market sentiment in the near term.

Overall, the market’s recovery reflects renewed investor confidence in IT stocks and currency stability, even as caution remains in lagging sectors.

Also Read: Sensex gains 100 points, Nifty steady above 26000 after early dip

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1 Minute-Read

NephroPlus files IPO, plans Dec. 10 launch

Nephrocare Health Services, operating as NephroPlus, has filed its Red Herring Prospectus to launch an initial public offering (IPO) on December 10.

The IPO will comprise a fresh issue of shares worth ₹353.4 crore along with an offer-for-sale of up to 1.12 crore shares by existing investors.

The company plans to use around ₹129.1 crore to set up new dialysis centres, ₹136 crore to repay debt, and the remainder for general corporate purposes.

With 519 clinics across India, NephroPlus is Asia’s largest dialysis service provider, aiming to strengthen its presence nationwide.

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Corporate

Cipla, Stempeutics unveil first stem‑cell therapy for knees

Cipla, in collaboration with Stempeutics Research, has launched a new stem‑cell therapy for knee osteoarthritis called Ciplostem. The therapy is designed to slow joint degeneration and help maintain cartilage health in patients with Grade II or III knee osteoarthritis.

Ciplostem is a ready‑to-use injection containing 25 million cultured bone‑marrow derived mesenchymal stem cells along with hyaluronic acid. Administered directly into the knee joint, it works at the cellular level to reduce inflammation and pain while improving joint function.

Unlike conventional treatments such as painkillers, physiotherapy, or lubricating injections that only relieve symptoms temporarily, Ciplostem targets the root cause of degeneration. The therapy has been developed after extensive clinical research and trials, offering a new regenerative option for patients seeking long-term relief from knee osteoarthritis.

This launch marks a significant step in India’s regenerative medicine landscape, providing a treatment that addresses the underlying joint damage rather than just managing pain.

Also Read: NTT to spend ₹2,400 crore in Bengaluru data‑centre campus

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H-1B applicants face expanded US social media scrutiny

The United States has announced stricter vetting for all H-1B and H-4 visa applicants from December 15.

Under the new rules, applicants must keep their social-media profiles public. Consular officers will review online activity, work history, and any involvement in content moderation, misinformation tracking, or roles that may be seen as restricting protected speech.

Anyone found to have “censored or attempted to censor” expression in the US could be denied a visa. The changes are expected to affect many Indian tech workers, especially those in digital safety or moderation roles, and may lead to delays or higher rejections.

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Corporate

NTT to spend ₹2,400 crore in Bengaluru data‑centre campus

NTT Data Group, the Tokyo-based IT giant, is investing ₹2,400 crore to build a major data‑centre campus near Bengaluru International Airport in Devanahalli. The new campus, spread over eight acres, will eventually host three high-tech data‑centres, making it one of the largest facilities of its kind in southern India.

The first facility, Bengaluru 4A, is already operational, offering an IT load capacity of 22.4 MW and a data-hall capacity of 3.2 MW. Once all three centres are completed, the campus will have a total facility load of about 100 MW and a critical IT load of roughly 67.2 MW. The entire setup will be powered by a dedicated 220 kV power substation, ensuring stable and reliable operations for enterprise and cloud clients.

This project raises NTT’s total investment in Bengaluru to nearly ₹4,100 crore, reflecting the growing demand for cloud computing, artificial intelligence, and digital infrastructure in India. NTT already operates 22 data‑centres across the country, including locations in Mumbai, Pune, and Chennai, and the new campus strengthens its southern footprint significantly.

The step is strategically aimed at supporting enterprises and startups that rely on high-density digital infrastructure. With the rise of AI-driven businesses and data-intensive applications, companies increasingly need local, reliable, and scalable data‑centre facilities. The Bengaluru campus positions NTT to meet these evolving needs efficiently.

Looking ahead, NTT plans to continue expanding the campus, while also exploring opportunities to grow its data-centre footprint beyond tier-1 cities. The company sees Bengaluru as a critical hub for innovation and enterprise technology, and this investment reinforces its commitment to India’s fast-growing digital ecosystem.

By combining large-scale capacity with advanced technology, NTT aims to provide seamless services to clients across cloud, AI, and enterprise sectors, helping India emerge as a hub for digital growth in the region.

Also Read: IndiGo cancels 100+ flights, DGCA probes

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Corporate

Sensex gains 100 points, Nifty steady above 26000 after early dip

Indian markets opened weak on Thursday, with the Sensex slipping nearly 100 points to around 85,013 and the Nifty falling below 26,000 to about 25,956 in early trade. The decline came after the rupee hit a fresh record low against the US dollar, triggering cautious sentiment and continued selling by foreign investors.

As the session progressed, the market recovered part of its early losses, supported by buying in IT, metal and banking stocks. Key gainers included Wipro, TCS, ICICI Bank, Hindalco and HDFC Bank, all rising between 1% and 1.8%, helping lift overall sentiment.

However, the broader market remained mixed. Several stocks extended losses, with Max Healthcare, Adani Enterprises and Bharat Electronics falling around 2–3%, reflecting pressure on mid- and small-cap segments.

Analysts say volatility is likely to continue as long as the rupee remains weak and foreign outflows persist. While export-linked sectors may benefit from the currency slide, the overall market mood remains cautious, and traders are expected to stay selective until clearer policy cues emerge.

Also Read: Sensex 85,102 down 32 points, Nifty 25,986 slips 46 points

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Corona Remedies IPO opens Dec 8 at ₹1,008–1,062

Corona Remedies will open its ₹655.37-crore initial public offering on 8 December, closing on 10 December.

The IPO is entirely an Offer for Sale, with promoters and existing investors selling 61.7 lakh shares. The price band has been set at ₹1,008–₹1,062 per share.

Retail investors can bid for a minimum lot of 14 shares, costing around ₹14,868 at the upper band.

Quotas are split as 50% for institutional buyers, 35% for retail, and 15% for NIIs. As no fresh shares are being issued, the company will not receive new capital from the offer.

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Technology

YouTube launches ‘2025 Recap’ featuring top trends

YouTube has launched its first-ever 2025 Recap, offering users a personalized look back at their year on the platform. Unlike previous year-end summaries limited to music, this Recap covers a wide range of content, including top channels, video genres, and overall viewing patterns. The feature provides a detailed overview of users’ engagement and highlights their evolving preferences over the year.

The Recap experience is built around interactive cards, with up to 12 per user. These cards showcase top channels, favorite genres, and trends in video consumption. Users also receive a “personality type” label based on their viewing habits, such as “Wonder Seeker,” “Creative Spirit,” or “Sunshiner.” For YouTube Music listeners, Recap highlights top artists and songs, alongside popular genres and listening patterns. However, users who have paused or auto-deleted their watch history may see limited insights.

The feature is accessible globally through the “You” tab on desktop and mobile, or directly via youtube.com/Recap. Initially rolled out in North America, it is now expanding worldwide. YouTube designed Recap to be interactive, allowing users to reflect on their 2025 digital footprint and share highlights with friends on social media.

Alongside personal summaries, YouTube also revealed global 2025 trends. Top creators, trending videos, viral challenges, songs, and podcasts are featured, giving users a snapshot of the content that defined the year. MrBeast topped the global creator list, while trending videos included a mix of gaming, popular series, and viral shorts, reflecting diverse audience interests.

YouTube Recap aims to enhance user engagement by offering a fun, reflective, and shareable experience, similar to Spotify Wrapped but for video content. By summarizing personal and global trends, the feature helps users explore how their interests align with broader cultural trends on the platform.

Whether you spent the year watching educational content, music videos, or viral shorts, YouTube Recap provides an accessible way to review and celebrate your digital activity from 2025.

Also Read: PMO’s new address named “Seva Teerth”

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Corporate

AI leader Anthropic prepares for possible IPO in 2026

Anthropic, the artificial-intelligence company behind the Claude chatbot, is preparing for a potential initial public offering (IPO) that could take place as early as 2026. The company has begun formal groundwork by hiring a top US law firm to manage the regulatory and legal aspects of a future listing.

It has also held informal discussions with major global investment banks, signalling growing interest in tapping public markets. However, no underwriters have been finalised so far.

The stepcomes at a time when demand for advanced AI services is rising sharply across industries. An IPO would provide Anthropic with significant capital to accelerate expansion, fund large-scale infrastructure, and pursue strategic acquisitions. The company, founded in 2021, has grown rapidly and now counts more than 300,000 business and enterprise clients using its AI tools.

Anthropic is also negotiating a private funding round that could value the company at over $300 billion, reflecting strong investor confidence in its technology roadmap and enterprise adoption. Internally, the company expects its annualised revenue run rate to more than double next year, with projections indicating a possible jump to $26 billion. This places Anthropic among the fastest-scaling companies in the generative AI sector.

Despite these developments, the company has clarified that no final decision has been made about when or whether it will go public. Executives have indicated that the focus remains on strengthening core products, expanding in key global markets, and improving safety and reliability standards for AI deployment.

If Anthropic does pursue an IPO, it is likely to become one of the largest listings in the history of the AI industry, especially as competition intensifies among major players. The move would also offer the public markets a closer look at the financial performance and long-term business model of a leading AI developer at a time when the sector’s commercial potential is rapidly evolving.

Also Read: RBI’s monetary policy meeting begins, rate cut expected

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Leaders

Delhi startup Wherehouse closes, co-founder arrested

Delhi-based warehousing start-up Wherehouse, founded in 2021, has shut down after a client dispute escalated into police action. In the early hours of Tuesday, co-founder Vaibhav Chawla was arrested around 1 am following what he calls a “frivolous” complaint by a client. Several employees were also detained, allegedly without proper documentation, and released only after their families intervened.

The conflict traces back to an August 2024 agreement between Wherehouse and Curio Lifestyle. The start-up was contracted to place stock in a limited number of Delhi-NCR stores but reportedly exceeded expectations, supplying 75 outlets, three times the agreed figure. By November 2024, Curio Lifestyle allegedly stopped making payments. By May 2025, unpaid dues had risen to ₹1.92 lakh, while client-owned stock held by Wherehouse was valued at around ₹46 lakh.

Matters worsened in June 2025 when Curio Lifestyle reversed its position and claimed that Wherehouse owed it money—a charge the start-up strongly denied. Following abusive messages and escalating threats, Wherehouse terminated the contract on June 16. Instead of settling pending dues of about ₹1.28 lakh, the client filed a criminal complaint with the Economic Offences Wing, which Wherehouse believes was an attempt to evade payment.

From mid to late November 2025, police visits reportedly intensified. Officers allegedly pressured Chawla to appear without legal counsel and detained multiple staff members. On November 28, ten workers were taken to the police station and released only after families intervened.

In a LinkedIn post, Chawla wrote, “A frivolous complaint, and the line was crossed… Wherehouse means nothing if we can’t protect the very people who built it.” He said the past months had been “brutally hard” and concluded that continuing the business was no longer viable, despite its earlier profits and operational growth.

Also Read: SoftBank’s Masayoshi Son regrets selling Nvidia shares