11 C Economy News
View News by News Source
Google has launched the Android 16 QPR2 update for Pixel models. The Android 16 QPR2 update brings new customization options, notification features, lock screen widgets, and many other stunning features for the users. From custom shaped icons to expanded dark them, Pixel users can enjoy such features with Android 16 QPR2 update.
Saudi non-oil business activity expands in November but new orders slow, PMI shows
Saudi Arabias non-oil private sector grew at its fastest pace in 10 months in November, driven by strong domestic demand and hiring, despite a slowdown in new order growth. The Riyad Bank Purchasing Managers' Index fell slightly to 58.5 but remained well above 50, indicating robust expansion.
HSBC appoints Brendan Nelson as new chairman to replace Mark Tucker
HSBC Holdings has appointed Brendan Nelson as its new chairman. Nelson takes over from Mark Tucker, who has returned to AIA Group. Nelson previously served as interim chair and brings extensive financial and auditing expertise. His appointment signals a return to internal leadership for the bank's board. Nelson will guide the bank's strategy under CEO Georges Elhedery, focusing on Asia.
Opposition to protest over new Labour Codes outside Parliament: Manickam Tagore
After the Centre agreed to discuss electoral reforms in Parliament, the INDIA bloc parties will protest against the new Labour Codes outside Parliament on Wednesday, Congress MP Manickam Tagore said.
Karnataka Chief Minister Siddaramaiah and Deputy Chief Minister DK Shivakumar shared breakfast at DK Shivakumar's residence on Tuesday amid the ongoing power tussle in the state. The chief minister playfully told a female reporter that she is missing something in life when he learnt that she is a pure vegetarian. The two leaders enjoyed nati koli saaru, idlis, vada and pongal for the breakfast.
President acts for the American people: Marco Rubio lauds Donald Trumps leadership
Maharashtra civic polls: 'Citizens' Manifesto' stresses urban reforms, transparency
An NGO has launched a 'Citizens' Manifesto' ahead of Maharashtra's civic polls. It proposes reforms for better service delivery and transparency. The manifesto emphasizes open civic data and citizen participation. It aims to empower urban local bodies for equitable development. The delayed municipal elections are a key focus. The initiative seeks to restore trust and involve citizens in governance.
US Secretary of State Marco Rubio lauded President Trump's foreign policy, citing his role in brokering peace deals, including very dangerous ones like India and Pakistan. Trump himself claimed credit for ending eight wars and resolving numerous global conflicts, asserting he deserves a Nobel Peace Prize.
Delhi AQI today: Delhi records AQI level of 376, air quality remains in 'very poor' category
Delhi AQI today: As winter sets in, a thick layer of smog enveloped the national capital Delhi on Wednesday morning. The city's air quality remains in the 'Very Poor' category, with an AQI of 376 at 7 am, according to data from the Central Pollution Control Board (CPCB). According to CPCB, the AQI, which ranges from 0 to 500, is divided into six categories, each reflecting the level of pollution and associated health risks.
Operation Sagar Bandhu: Indian Army contingent lands in Sri Lanka for humanitarian assistance
India launched 'Operation Sagar Bandhu' to provide humanitarian assistance and disaster relief to Sri Lanka following Cyclone Ditwah. A special contingent of the Indian Army, along with medical teams and equipment, arrived to support rescue and relief efforts. This swift response highlights India's commitment as a first responder in the region.
Luana Lopes Lara, a former ballerina, is now the world's youngest self-made woman billionaire. She cofounded Kalshi, a prediction market startup. The company has seen rapid growth and significant funding. Lopes Lara's journey from ballet to tech leadership is remarkable. Kalshi is expanding its reach and forging new partnerships.
Bengaluru weather on December 3: Bengaluru is likely to witness moderate rainfall for the next few days, the India Meteorological Department (IMD) said in its latest weather bulletin. Bengaluru has experienced a notable drop in temperatures since November 27. The city's AQI is also expected to see an improvement in the coming days.
Search for missing flight MH370 to resume this month, Malaysia says
Malaysia's transport ministry announced that the search for missing Malaysia Airlines Flight MH370 will resume on December 30. Ocean Infinity will recommence seabed search operations for 55 days, following a previous suspension due to poor weather. The flight disappeared in 2014 with 239 people on board.
US-Russia talks on Ukraine were 'constructive' but work remains, Putin adviser says
High-level talks between Russia and the U.S. on ending the Ukraine war are described as constructive, though significant hurdles remain, particularly regarding territorial disputes. While some U.S. proposals are deemed acceptable, others face Russian criticism. European nations are pushing for greater involvement in peace efforts, seeking to influence the outcome and secure future guarantees for Ukraine.
Trumps second sleepy moment in a month caught at White House event
Centre likely to move Central Excise (Amendment) Bill in Lok Sabha as political logjam halts
Following the recurring adjournments in Lok Sabha on Tuesday, Finance Minister Nirmala Sitharaman is likely to move the Central Excise (Amendment) Bill, 2025, for consideration and passing in the Lok Sabha on Wednesday, as per the list of business.
Pluribus Episode 6 release date, time and schedule are confirmed for December 5, 2025. The episode will follow the cliffhanger ending of Episode 5 and reveal Carols discovery in the cold room. Viewers will also see new story shifts, character movements and answers linked to the fake milk mystery.
Trump calls Somalis 'garbage'; tells them to go 'back to where they came from'
President Donald Trump expressed his desire to halt Somali immigration to the United States. He stated that Somalis are too reliant on social safety nets and contribute little to the nation. Trump's comments follow recent actions by his administration regarding asylum decisions. He also renewed criticism of Representative Ilhan Omar, a Somali-American congresswoman.
Nutritionist Rujuta Diwekar revealed Kareena Kapoor Khan's fitness secrets, emphasizing consistent habits and wholesome meals over extreme diets. Diwekar shared that Kareena regularly enjoys comfort dishes like aloo paratha, alongside balanced meals of dal, rice, and vegetables, highlighting the importance of mindful eating and managing stress for overall well-being.
A young woman's severe pain was dismissed as 'drama' by her family at an Assam hospital, but Dr. Priyam Bordoloi's quick assessment revealed critical low hemoglobin and early septic shock. The doctor's decision to believe the patient over her family's denial saved her life, highlighting the crucial role of trusting patients when others doubt them.
Airbus prepares A320 inspections as fuselage flaw hits deliveries
Airbus engineers are inspecting 628 A320 fuselage panels for thickness defects, impacting planes in production and 168 already in service. The issue, stemming from a supplier's stretching and milling process, is affecting deliveries and will require lengthy repairs, potentially delaying Airbus's year-end targets.
3I/ATLAS coma is expanding? New images show unusual details of the interstellar object. The frames reveal a symmetric glow, smooth gradients and no tail. The object shows micro-jets, changing coma form and clear activity patterns. Scientists study its path, origin and behaviour to understand this interstellar visitor.
Powerball jackpot surges to $775 million for December 3 drawing - Heres what winner could take home
The Powerball jackpot has surged to an estimated $775 million for the December 3 drawing. No winner emerged from Monday's draw, increasing excitement nationwide. Players face a choice between a 30-year annuity or a lump-sum payout. Lottery officials remind players of the extremely low odds of winning this popular game.
Russia, US fail to reach Ukraine peace deal; Kremlin aide Yuri Ushakov says differences remain
A Reddit user on r/antiwork detailed the stress of working for a supervisor with extreme mood swings, leading to an unpredictable and tense environment. The employee described how a single mistake by one team member has put all ten employees at risk of being fired, amplifying the user's financial anxieties.
Chennai weather update: Chennai is likely to receive moderate rainfall on Wednesday due to the impact of cyclone Ditwah. Many other districts in Tamil Nadu such as Nilgiris, Coimbatore and Erode are likely to get heavy rainfall today. Schools and colleges in Chennai remain shut today. The uninterrupted rain brought normal life to a halt in many parts of the city.
China's services growth slips to 5-month low in November, private PMI shows
China's services sector saw its slowest growth in five months in November, with new orders softening despite a boost from foreign demand. While export business expanded, employment contracted for the fourth consecutive month, and business confidence weakened, indicating persistent constraints on the sector's momentum.
The decade between 30 and 40 is a financial turning point. Hidden habits can erode wealth. Lifestyle creep and mistaking savings for growth are common traps. Neglecting credit health and lacking financial systems cause stress. Focusing on earning potential is more effective than cutting small expenses. Open communication about money and basic estate planning are crucial.
Miley Cyrus and Maxx Morando are engaged after four years of dating, confirmed by Page Six following a red-carpet appearance where Cyrus sported a diamond ring. The couple, who met on a blind date, have been increasingly public with their relationship since late 2021. Morando, a musician, has collaborated with Cyrus on her recent music.
Kerala: 2nd sexual assault complaint filed against suspended Congress MLA Rahul Mankootathil
A second young woman has leveled serious sexual assault allegations against suspended Congress MLA Rahul Mankootathil. She has emailed senior Congress leaders and the Kerala Pradesh Congress Committee president. The woman claims Mankootathil assaulted her at a homestay under the guise of marriage. This development intensifies the controversy surrounding the MLA, who is reportedly absconding.
'Ilhan Omar is a garbage...':Trumps fiery remarks accuse Somali refugees of ripping off Minnesota
Netflix, Warner Bros Discovery combo seen lowering costs for consumers, sources say
Netflix is proposing to acquire Warner Bros. Discovery's studios and streaming unit, arguing the combination with HBO Max would lower costs for consumers. This move aims to preemptively address regulatory concerns about reduced choice and higher prices. The deal would significantly expand Netflix's content library, including the HBO catalog and DC Comics properties.
Adani Group plans $15 billion India airports expansion by 2030
Adani Group plans a significant $15 billion investment over five years to expand its airport passenger capacity to 200 million annually. This expansion, including new terminals and runways, aims to support India's booming aviation sector and bolster its airport unit's upcoming initial share sale.
Should I buy a property with no occupancy certificate but people living in it?
An occupancy certificate is one of the most important documents to be verified at the time of buying a property
Green economy to surpass $7 tn in annual value by 2030: WEF
New Delhi, Dec 2: The global green economy has surpassed USD 5 trillion and is projected to exceed USD 7 trillion in annual value by 2030, with India expected to clock the highest growth in renewable electricity capacity and generation, a new report said on Tuesday. The World Economic Forum report, developed in collaboration with []
Russian crude meanders, flows in via distributaries
Russian oil shipments to India surged in late November. This rebound shows Russian suppliers finding new ways to deliver oil. Indian refiners are regaining confidence in these imports. Despite US sanctions, India continues to buy Russian crude. Shipments are moving through indirect routes. This resilience highlights adaptive supply chains and trading patterns.
Who is trying to kill Candace Owens and was France involved in Charlie Kirk assassination is the focus of a new debate after Candace Owens claimed that Charlie Kirk was betrayed and that French officials warned her about an alleged assassination plan. The story includes reactions and social media claims.
Trump Accounts: A new federal savings program, Trump Accounts, is set to launch. It will provide a $1,000 government contribution to eligible children born between 2025 and 2028. Families can add more funds, with potential for significant growth. An additional $250 will go to children in lower-income areas. This initiative aims to build a strong financial future for young Americans.
Portugals PrideorSaudi Arabias Asset? The New IdentityofCristiano Ronaldo
Reading time: 8 minutes Cristiano Ronaldo is indisputably the most recognized Portuguese person in the world. Thanks to his abilities and performances in football, as well as the global brands he and his name have created,owning more than five companies, from clothing to hotel chains,he is an influential personality who makes an impact wherever he Continue reading Portugals PrideorSaudi Arabias Asset? The New IdentityofCristiano Ronaldo
ChatGPT and Gemini down today? Here's when will both services be back up
ChatGPT and Gemini down today? Here's when will both services be back up is the key query for many users as both platforms face issues. Users report slow responses, errors, and service failure. The outage began without notice. The report explains user concerns, status details, and expected recovery.
South Korean brands surge into India via JVs, investments in soju, beauty, foods amid K-wave boom
Korean consumer brands are expanding into India across alcohol, beauty, food, and cigarettes, leveraging the 'Korean Wave'. Jinro soju has partnered with Monika Alcobev, while beauty firms Cosmax and Amorepacific are establishing Indian operations. KT&G is increasing its cigarette presence, and Lotte Group plans significant investments, with K-beauty poised for substantial growth.
Is Chatgpt down right now? Downdetector shows popular artificial intelligence platform ChatGPT is facing an outage. User reports indicate widespread issues with the service. Over 12,000 people have reported problems on Downdetector. The majority of these issues are linked to ChatGPT. Users are experiencing lag, timeouts, and app crashes. OpenAI has not yet provided an update on the situation.
BREAKING LIVE: Trump makes surprise announcement that shocks Washington
Dietitians reveal the foods you must avoid when taking statins dont make this mistake
People taking statins for high cholesterol can enjoy many foods in moderation. Dietitians recommend limiting processed meats, sugary desserts, and sweet drinks. Grapefruit and its juice are the only items to completely avoid. Focusing on fruits, vegetables, beans, nuts, and fatty fish supports statin effectiveness. This balanced approach helps manage cholesterol effectively.
Pernod Ricard expects India business to beat US on the back of strong macro trends
French distiller Pernod Ricard anticipates India will soon be its top global market, overtaking the United States. This growth is fueled by increasing incomes and a preference for premium alcohol among young Indian consumers. The company is focusing on high-growth premium brands and introducing new locally-developed products to capture this expanding market.
Indian content is experiencing unprecedented global reach through streaming platforms, with nearly 25% of viewership now originating overseas. This surge, fueled by subtitles and dubbing, marks a significant turning point for India's media and entertainment economy, expanding its cultural influence worldwide. Industry leaders emphasize the need for regulatory reforms to sustain this momentum and protect intellectual property.
Purpose is to provide security, end frauds, track stolen phones: BJP on Sanchar Saathi app
The BJP has refuted opposition claims that the Sanchar Saathi app is for government snooping, asserting its purpose is to enhance user safety against fraud and crime. The app aims to prevent IMEI duplication, track stolen phones, and identify fraudulent activities, with users having the discretion to install or delete it.
Government bid to snoop and create surveillance state: Opposition on Sanchar Saathi app
Opposition parties have strongly criticized the Centre's decision to preinstall the Sanchar Saathi app on new mobile phones. Leaders from Congress, Trinamool, CPI(M), and RSP have voiced concerns, calling it a move towards a surveillance state and a violation of citizens' privacy. They demand the government withdraw the proposal, citing concerns about snooping and potential misuse of personal data.
WWE World Heavyweight Champion CM Punk announced the passing of his beloved rescue dog, Larry, after nearly a decade together. Punk shared an emotional tribute on Instagram, highlighting their deep bond and the profound grief of his loss. Larry was a recognizable figure to fans, often referenced by Punk and even making a memorable appearance at AEW All Out 2022.
Census office in process of finalising questionnaire
The government is preparing for the upcoming digital census. The Registrar General and Census Commissioner are finalizing the questionnaire. Primary school teachers will likely be appointed as enumerators. The timeline for Census 2027 remains consistent with previous practices. This digital census aims to gather crucial demographic data for the nation.
'Well keep doing that...': Hegseth drops bombshell warning after strikes on drug boat in Caribbean
HC lets Dr Reddy's Laboratories export Semaglutide, blocks India sales till March '26
The Delhi High Court has permitted Dr Reddy's Laboratories to produce and export its version of the diabetes and anti-obesity drug semaglutide. This decision comes amidst a patent infringement case filed by Novo Nordisk. Dr Reddy's is restricted from selling the drug within India until March 2026. The court acknowledged a valid challenge to Novo Nordisk's patent for semaglutide.
Bill to declare Amaravati as Andhra Pradesh's capital in works
The Centre is finalizing an amendment bill to officially declare Amaravati as Andhra Pradesh's capital, fulfilling a key demand of CM N Chandrababu Naidu. This move aims to provide legal sanctity to Amaravati, preventing future attempts to shift the capital. The amendment to the Andhra Pradesh Reorganisation Act is expected to be expedited after receiving the law ministry's nod.
Airbus confirms 'quality issue' on A320 panels
Airbus has identified a quality issue affecting metal panels on its A320 passenger jets, though the problem is contained. The European plane-maker is inspecting potentially impacted aircraft, with newly produced panels conforming to requirements. This follows a separate incident requiring a software upgrade for thousands of A320 planes after a US flight encountered control issues.
New discovery may reverse bone loss a game-changer for millions battling Osteoporosis
Researchers from the University of Leipzig and Shandong University have recognized GPR133, a receptor in bone-forming cells, as significant for bone strength. In mouse studies, activating GPR133 with AP503 elevated bone density, even reversing osteoporosis-like symptoms. Additional findings are a blood-based regenerative implant and a hormone named MBH, both bringing stronger bones. This research illustrates the potential to restore or improve bone strength naturally, providing alternatives to current osteoporosis treatments that only slow disease progression.
Nayara doubles fuel exports in Nov, turns to new markets
India's Nayara Energy significantly boosted fuel exports in November. The refiner shipped double the previous month's volume to new markets like the Bahamas and Taiwan. Nearly a third of these exports went through ship-to-ship transfer hubs, a common practice to obscure final destinations. This surge follows EU sanctions, with Nayara now relying heavily on Russian crude imports.
SC: How far can law be stretched to accommodate illegal entrants?
The Supreme Court questioned the extent to which laws can be stretched to accommodate illegal immigrants, citing India's sensitive border issues. Chief Justice of India Surya Kant remarked on the potential for immigrants to receive benefits like food, shelter, and education, questioning if this is at the expense of India's poor children.
What is Scandinavian fitness that is taking the US by storm?
Scandinavian fitness is increasingly receiving traction in the U.S., inspired by Nordic sports, wellness traditions, and minimalist lifestyle concepts. From cross-country skiing workouts at Nrthrn Strong in New York City to Nordic walking, sauna practices, and outdoor exercise in cold weather, Americans are adopting routines long popular in Denmark, Sweden, Norway, and Finland. Experts state that these activities combine strength, endurance, and holistic health advantages.
Chhota Bheem maker seeks to raise Rs 250 cr at Rs 800 cr tag
Green Gold Animation, the studio behind Chhota Bheem, plans a significant expansion. They are seeking 250 crore funding at an 800 crore valuation. This investment will fuel the creation of new intellectual properties and boost animation production capacity. The company is also open to a change in ownership to support long-term growth.
SC seeks comprehensive affidavit on contracts awarded to Pema Khandu's kin
The Supreme Court has ordered the Arunachal Pradesh government to provide details of public works contracts. These contracts are linked to Chief Minister Pema Khandu and his relatives. The court is examining allegations of cartelisation in tender processes. The state must submit a comprehensive affidavit detailing these contracts across all districts. The next hearing is scheduled for February.
Crypto gets the green light BofA pushes 14% allocation for wealthy investors
BofA crypto portfolio allocation: Bank of America is now guiding its wealth clients to consider a 1%-4% allocation to digital assets, a significant shift. Starting January 5, strategists will formally cover four major Bitcoin ETFs. This move acknowledges growing client demand and positions crypto for innovation-focused investors, while emphasizing regulated vehicles and risk understanding.
Two minutes to spare: Micro dramas keep audience glued to the screens
The rise of micro-drama content in India is nothing short of astounding, captivating over 73 million viewers in just under a year. This explosive growth is fueled by an audience that prioritizes mobile viewingspanning housewives, busy commuters, Gen Z, and Gen Alpha.
JSW, Shield AI plan $90-m drone manufacturing unit in Hyderabad
In a significant move toward enhancing national defense, JSW Group has dedicated $90 million to set up a manufacturing plant for military drones in India. Teaming up with Shield AI from the United States, they will create the advanced V-BAT unmanned aerial systems.
Red Dead Redemption and its expansion Undead Nightmare are now available on mobile for Netflix subscribers. Upgraded versions are also released for PlayStation 5, Xbox Series X|S, and Nintendo Switch 2. Existing owners on PS4, Xbox One, and the original Nintendo Switch can get free digital upgrades. These enhanced versions offer improved performance and visuals.
Your morning coffee could supercharge your brain experts say this is the ideal daily dose
Coffee has been a daily habit in Britain for centuries. Modern science reveals its benefits for attention and mood. Studies suggest coffee may lower the risk of Alzheimer's and Parkinson's. However, excessive consumption can lead to anxiety and sleep disturbances. Experts recommend moderate intake for optimal brain health.
EU nears deal to ban Russian gas by 2027
Negotiators for EU member states, the European Parliament and the European Commission are set to meet Tuesday evening in Brussels to finalise a regulation setting a phaseout date for Russian gas imports. The measure, proposed in June, is aimed at strengthening EU energy security after Russia's invasion of Ukraine and Moscow's subsequent curbs on gas flows to the bloc.
Air India, other airlines face check-in system glitches briefly on Tuesday evening
Flight check-in systems at various airports experienced disruptions on Tuesday evening. Air India and other airlines faced delays due to a third-party system issue. The problem lasted for about 45 minutes. Airport teams worked to restore normal operations. The system was fully restored, and flights are now operating as per schedule.
Export promotion measures launched to offset tariffs
India is actively working to lessen the effects of the US tariff increase on its exports. The government is launching an export promotion mission to boost trade diversification and resilience. Measures include engaging with the US for a trade agreement, providing immediate relief through RBI measures, and announcing a credit guarantee scheme for exporters.
Consider further extending Kerala SIR deadline: SC to ECI
The Supreme Court has urged the Election Commission of India to consider extending the deadline for Kerala's electoral roll revision forms, citing the ongoing local body elections. The bench suggested the poll body grant more time for officers involved in election duties to upload forms, deeming the request just and fair for consideration.
India's seafood exports rise, led by EU, China, Vietnam
Indian seafood exports saw a strong rise in the first seven months of FY26. Shipments to the European Union, China, Vietnam, Russia, and the United Kingdom surged. This growth helped compensate for reduced exports to the United States. The European Union saw a substantial increase in seafood value. Russia also increased its imports from India.
MEA objects to UK, French, German envoys' article targeting Russia before Putin visit
In an unexpected move, India has expressed its dissatisfaction with the diplomatic community. The ambassadors from Britain, France, and Germany collaborated on a thought-provoking op-ed, released just days before President Putin's upcoming visit. Senior diplomats have labeled this joint statement as an atypical and unacceptable breach of diplomatic norms.
Vande Mataram debate slated for Monday; poll reforms scheduled on Tuesday
Lok Sabha is set to resume smoothly after the government and Opposition agreed to discuss electoral reforms and Vande Mataram next week. Following protests over the SIR issue, Speaker Om Birla brokered a compromise, allocating 10 hours for each debate. Prime Minister Modi will initiate the Vande Mataram discussion on Monday, followed by electoral reforms on Tuesday.
1989 Rubaiyya Case: Accused freed a day after CBI arrest
In a surprising turn of events, the TADA court in Jammu has granted freedom to Shafat Ahmed Shangloo, who had been detained by the CBI over the notorious 1989 abduction of Rubaiyya Sayeed. The court cited insufficient evidence to justify keeping him behind bars.
Govt eases 'small company' rules, more firms to benefit
The government has expanded the definition of small companies. This change allows more businesses to benefit from easier compliance rules and quicker merger processes. Companies with paid-up capital up to 10 crore and turnover up to 100 crore now qualify. These new rules aim to boost ease of doing business in India.
IL&FS could get 25% rise in valuation for its headquarters in BKC
IL&FS headquarters in BKC may see a 25% price increase. The NCLT allowed a valuation revision due to Mumbai's real estate growth. Brookfield's subsidiary Chronos must renew its performance guarantee within 30 days. This follows a dispute over the original bid terms from 2022. New valuations could reach 2,000-2,500 crore.
Govt may call bids for rare earth facilities by January end
India is set to launch a major initiative to boost domestic production of rare earth permanent magnets. Bids for manufacturing facilities will be invited by January under a 7,280-crore incentive scheme. This move aims to achieve self-reliance in a sector crucial for electric vehicles, renewable energy, and defence.
India's third nuclear sub, INS Aridaman, close to joining fleet
India's naval prowess is on the verge of a significant upgrade. The INS Aridaman, equipped with nuclear missile capabilities, is completing its final evaluation and will soon become part of the naval fleet. In addition, the nation is investing in the development of new nuclear-powered submarines while also acquiring more conventional ones.
The chewing water technique: Why gulping water may not be ideal for better hydration and digestion
The chewing water technique encourages taking small sips and letting water sit briefly in the mouth before swallowing. Experts say this slow-sipping approach may support smoother digestion, better hydration efficiency, and reduced discomfort compared to gulping water quickly. While early research highlights the role of saliva in preparing the digestive system, more studies are needed to confirm the techniques full benefits.
RBI likely to raise forecast for growth, lower it for inflation this MPC
Market watchers anticipate the Reserve Bank of India will adjust its economic forecasts this Friday. Expectations are for a higher growth projection and a lower inflation estimate for the fiscal year 2026. This comes after stronger than anticipated GDP figures and moderating inflation. Analysts foresee a significant drop in inflation projections. Growth forecasts are also expected to be revised upwards.
Bonnaroo 2026 announces its return with headliners Skrillex, The Strokes, RFS DU SOL, and Noah Kahan, aiming to rebuild trust after last year's cancellation due to flooding. The festival features a slimmer Thursday lineup and a star-packed weekend, with Kesha curating the SuperJam and Weird Al Yankovic returning for a late-night show.
NHAI ties up with Jio for road safety alerts
National Highways Authority of India and Reliance Jio are partnering to launch a new safety alert system. Jio users on national highways will receive advance warnings on their phones. These alerts will cover accident-prone areas, stray cattle zones, fog-affected regions, and emergency diversions. This initiative aims to enhance road safety across India's vast highway network.
Public sector banks adhere to data protection guidelines. Unclaimed deposits in banks have reached Rs 67,004 crore. The government is managing debt sustainability by adjusting expenditure and non-debt receipts. Over 6,300 startups have closed this year. Renewable energy projects are progressing, with significant letters of award issued. The specialty steel PLI scheme is on track.
Vedanta may use ESL Steel's proposed fundraising for parent company's debt: Viceroy Research
Viceroy Research claims Vedanta's ESL Steel fundraising will support parent Vedanta Resources' debt obligations. The steel unit's own financial performance is questioned. Funds are expected to be directed to Vedanta Resources for upcoming investment deadlines. This move suggests a potential shift in the company's financial strategy.
No AI bubble? Cathie Wood says the real danger is a 2026 rate-hike shock and market pullback
Cathie Wood warns the real risk in 2026 is a rate-hike shock, not an AI bubble. She expects the Fed to shift from cuts to hikes as productivity rises. That turn could hit high-growth AI stocks hard. Debt-heavy companies face the most strain. Oracle stands out with soaring borrowing needs and rising credit stress. Meta, Alphabet, Amazon, and Microsoft also face pressure as refinancing costs climb.
OECD retains India's FY26 growth outlook at 6.7%
India's economy is set for strong growth, projected at 6.7% in FY26 by the OECD. This expansion is fueled by increasing incomes, supportive monetary policy, and government investment. Reforms in infrastructure, education, and trade are key to sustaining this momentum. While US tariffs may impact exports, domestic consumption remains robust.
GST rate rationalisation has largely fixed inverted duty structure, says Sitharaman
In a significant development, Finance Minister Nirmala Sitharaman revealed that the recent adjustments to the Goods and Services Tax rates have effectively addressed the inverted duty challenges faced by various sectors. She reassured businesses that any further issues they identify will be promptly addressed. Now, essential goods are taxed at either zero or 5% GST.
BTC USD price today jumps above $91,000 what's driving Bitcoin's biggest daily spike since May
Bitcoin price today: Bitcoin surged past $91,000 on Tuesday, marking a significant daily gain. This rally was fueled by the liquidation of over $157 million in Bitcoin short positions. Trading volume doubled, reaching $92 billion. Major financial institutions like Bank of America are now recommending Bitcoin allocations, signaling growing institutional confidence in the cryptocurrency market.
Putin hosts Witkoff, Kushner as peace push intensifies
Trump has repeatedly said he wants to end the war, but his efforts - including an August summit with Putin in Alaska and meetings with Ukrainian President Volodymyr Zelenskyy - have yet to deliver progress. A leaked set of 28 U.S. draft proposals last week alarmed Ukrainian and European officials, who said the plan conceded too much to Moscow on NATO expansion, territorial control, and limits on Ukraine's military.
