A UBS report, which surveyed its billionaire clients, found that the majority of new-generation billionaires accumulated more wealth through inheritance than entrepreneurship. "A total of $150.8 billion was inherited by 53 heirs over the last year, exceeding the 84 new self-made billionaires' total of $140.7 billion," UBS said. The trend is expected to grow more over the next 20 years.

Congress MP Manish Tewari took to X on Sunday to complain about persistent IndiGo flight delays. "This is the third IndiGo flight I'm taking this week that's delayed by over 90 minutes...The only reason I'd take IndiGo was that it used to be on time," he said. Responding to Tewari, IndiGo said his flight was delayed due to operational concerns.

The Union Labour Ministry has sent a show cause notice to Tata Group-owned Air India Express over disputes between the management and cabin crew, PTI reported. The notice reportedly alleges that the airline changed certain service conditions while conciliation proceedings related to the disputes were pending. Room sharing during layovers is among the concerns raised by the cabin crew.

Amazon has signed a deal with Elon Musk-led SpaceX for three Falcon 9 launches to support deployment plans for its satellite internet service Project Kuiper. The project is set to rival SpaceX's Starlink internet service. Responding to the deal, Musk said, "We will treat them as well as we treat our own satellite launches. Fair & square."

Honda Cars India will increase the prices of its vehicles from January due to the pressure on input costs. "The model-wise amount of increase will be finalised by the end of this month," the company's Vice President of Marketing and Sales Kunal Behl said. Honda Cars currently sells three models - Elevate, City and Amaze - in the Indian market.

The promoter group of Everest Food Products, known for Everest brand of spices, has purchased two more sea-view luxury apartments in Mumbai for more than ₹140 crore. The apartments were purchased in the Three Sixty West luxury skyscraper by Oberoi Realty in Mumbai's Worli, reports said. The family had recently bought another apartment in the same project for ₹73.50 crore.

Walmart has joined Disney and other companies that have recently stopped advertising on Elon Musk-owned social media platform X. "We aren't advertising on X as we've found other platforms to better reach our customers," a Walmart spokesperson said. Joe Benarroch, head of operations at X, said Walmart hasn't been advertising on X since October.

Reliance Industries (₹16.19 lakh crore), Tata Consultancy Services (₹12.84 lakh crore) and HDFC Bank (₹11.80 lakh crore) are the top three NSE-listed companies on the basis of their market capitalisation. They are followed by ICICI Bank, Infosys, Hindustan Unilever Limited and Bharti Airtel. Notably, the total market capitalisation of companies listed on the NSE hit $4 trillion on December 1.

Reliance Industries Chairman Mukesh Ambani said India's energy requirement is set to double by the end of this decade. However, he expressed confidence in India's capability to develop "smart and sustainable solutions" for affordable and clean energy. "From a 3.5 trillion-dollar economy today, [India] will become a 40 trillion-dollar economy by 2047," he added.

Billionaire Harsh Goenka said Swami Harshanand told him that BJP is winning Assembly polls in Chhattisgarh, Rajasthan and Madhya Pradesh due to "MHTMH". Goenka said he asked Swami Harshanand to explain how BJP managed a "phenomenal sweep" in the three states. 'MHTMH' stands for BJP's famous tagline, 'Modi hai toh mumkin hai', on which a song was released in 2019.