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Economy / The Economic Times
Today weather update: Cyclone Ditwah is tracking towards the North Tamil Nadu, Puducherry, and South Andhra coasts, with landfall expected by early morning on November 30. Heavy to very heavy rainfall is forecast for Tamil Nadu and coastal Andhra Pradesh, with red alerts issued for several districts. Cyclone Ditwah is about 480 km south-southeast of Puducherry and 580 km south-southeast of Chennai.
Security forces have eliminated 22 Tehreek-e-Taliban Pakistan terrorists. The operation took place in Dera Ismail Khan district of Khyber Pakhtunkhwa province. Forces engaged terrorists at their hideout. An intense exchange of fire resulted in the elimination of the militants. A combing operation is underway to ensure the area is clear of any remaining terrorists.
US President Donald Trump is suggesting significant cuts to federal income tax. He believes revenue from tariffs could replace lost income tax funds. Trump has previously stated that tariffs alone created wealth for the country. He proposes a tariff dividend of at least $2,000 per person, excluding high earners. This policy aims to boost revenue and encourage domestic product purchases.
Federal agents are investigating a shooting near the White House. An Afghan national is suspected of attacking two National Guard members. The suspect previously worked with U.S. forces in Afghanistan. Authorities are reviewing immigration policies following the incident. The FBI searched properties linked to the suspect. Charges are expected to be terrorism-related.
Court documents reveal a dramatic 2023 confrontation between Ryan Reynolds and Justin Baldoni. Reynolds reportedly reprimanded Baldoni over Blake Lively's claims of fat-shaming. Taylor Swift and Hugh Jackman were allegedly present during the intense meeting. Lively has filed a lawsuit alleging abusive behavior. Baldoni denies the accusations. The trial is scheduled for March 2026.
Nalin Haley, son of Indian-origin American politician Nikki Haley, has distanced himself from his Indian heritage, stating his sole loyalty is to the US. He was recently in the headlines for advocating banning H1-B visas and limiting legal immigration. He also spoke about the frustration among Gen-Zs and asked Republicans to focus on the younger generation in light of Zohran Mamdani's win.
Princess Love spoke out after an alleged altercation with ex-husband Ray J, where he reportedly pulled a gun on her. She expressed concerns about co-parenting and claimed she's raising their children alone while Ray J errorizes women. Princess Love urged him to seek rehab, while Ray J stated he was defending his space.
President Donald Trump has indicated a significant shift in tax policy. He suggested that income tax could be substantially reduced, potentially eliminated entirely within the next two years. This bold move is attributed to anticipated large revenues generated from tariffs.
President Donald Trump revealed a significant increase in the order for B-2 Spirit stealth bombers. These aircraft were recently deployed in strikes targeting Iran's nuclear facilities. Trump highlighted the bombers' effectiveness and stealth capabilities. The decision to procure more B-2s underscores their perceived importance in national security operations. This move signals a continued investment in advanced aerial defense systems.
R&B singer Ray J was arrested on Thanksgiving after a chaotic livestream where he allegedly threatened his estranged wife, Princess Love, with a handgun. Accusations of drunk driving and violent threats were exchanged during the broadcast. The couple, married since 2016, shares two children. This incident marks Love's fourth divorce filing.
Hong Kong's deadliest fire in decades has claimed 94 lives, with several individuals still missing. The inferno, which ravaged a residential building, has prompted investigations into renovation materials and contracts. Residents reported a lack of alarms as the blaze spread rapidly, leading to widespread devastation and a city-wide response.
India's economy remained strong in the July-September quarter. Consumer demand and exports ahead of US tariffs boosted growth. Economists predict a slowdown in coming quarters. The Reserve Bank of India may cut interest rates to support nominal growth. India continues to be the fastest-growing major economy.
Is Taylor Swift at the Chiefs game today? Travis Kelce is playing on Thanksgiving Day as the Chiefs face the Cowboys, but Taylor Swift's attendance remains uncertain. Swift, who has avoided away games due to security concerns, was not seen at the Dallas matchup. Her support for Kelce continues, though her exact location is unknown.
A National Guard member, Sarah Beckstrom, has died after being shot near the White House. She was on duty with fellow Guardsman Andrew Wolfe, who remains hospitalized. The suspect, Rahmanullah Lakanwal, was apprehended at the scene. Investigations into the motive are ongoing. President Trump has ordered more National Guard troops to the capital.
Mobile users in India will soon enjoy live sports, movies, and web series on their phones without needing an internet connection. New devices from Lava and HMD will support this direct-to-mobile technology. Even smartphone owners can access content using an affordable dongle. Initially, Prasar Bharti content will be available. This innovation promises widespread access to entertainment.
Rahmanullah Lakanwal, 29, an Afghan national who arrived in the US under Operation Allies Welcome, is accused of shooting two National Guard members near the White House. Living a quiet life in Bellingham with his wife and five children, federal authorities raided his apartment, and he now faces multiple assault and weapon charges.
A survivor of the 9/11 terror attacks has died after a brutal assault in Jacksonville. Roger Borkum, 64, was attacked by three teenagers who kicked and stomped him. He suffered severe injuries and passed away days later. The suspects, aged 13, 17, and 19, have been indicted for murder. One teen reportedly claimed the attack was triggered by an insult.
National dog show 2025 winner: Soleil, a striking Belgian Sheepdog, triumphed at the 2025 National Dog Show, clinching the coveted Best in Show title. She captivated judges with a flawless performance, outshining over 2,000 competitors. Herding Group winner Soleil's handler lauded her exceptional energy and winning spirit, making her the undeniable champion of the prestigious event.
The Supreme Court ordered the Enforcement Directorate to release 4,000 crore worth of V Hotels Ltd properties, including Mumbai's Centaur Hotel, to Lodha Developers. This ruling follows Lodha's acquisition of V Hotels through insolvency. The court's decision is conditional on Lodha having no ties to former promoters or proceeds of crime.
Bitcoin faces a challenging year as altcoins surge. Hyperliquid leads with a 35% gain, drawing comparisons to Solana's early growth. XRP rebounds above $2 with strong ETF inflows. Kaspa shows significant 24-hour gains, and Monad attracts attention for its high-speed blockchain. Investors are eyeing these discounted altcoins amid market rallies.
Dietitians suggest simple food swaps that may support healthy weight loss by improving fullness, sustaining energy, and lowering unnecessary calories. Breakfast cereal is typically not a good source of protein and often leaves you hungry within hours, states Ana Reisdorf, M.S., RD. Experts also recommend replacing bagels with whole-grain toast and cottage cheese, selecting snack mixes instead of chips, choosing sparkling water over soda, and making protein coffee instead of sugary lattes.
The Supreme Court has agreed to reconsider the Centre's petition seeking an expedited review of a prior decision that upheld state powers to tax mineral rights. The Centre argues that empowering states with this taxation authority could lead to financial chaos and challenges to the federal framework.
Fuzzy Zoeller's career filled with two famous major titles, eight other PGA Tour titles and a Senior PGA Championship among his two PGA Tour Champions titles.
Eating apples in the morning may enhance fiber advantages and aid digestion, blood sugar stability, and weight management. Apples have both insoluble fiber, which adds stool volume, and soluble fiber, which makes a gel that facilitates bowel movements. Consuming apples consistently and other low-glycemic fruits such as blueberries can minimize type 2 diabetes risk. Eating an apple prior to meals can curb hunger and support weight management efficiently.
Colorado State Senator Faith Winter died in a five-vehicle crash near Denver. The accident occurred on Interstate 25. Three other individuals sustained injuries. Senator Winter was a dedicated public servant and advocate for transportation and environmental issues. Her passing has deeply saddened colleagues and the state. A committee will select a replacement for her remaining term.
Block-level officers in West Bengal are experiencing significant technical issues with the BLO app. This is hindering the crucial digitisation of enumeration forms. The Election Commission of India is addressing server problems. BLOs report work pressure and app malfunctions, leading to delays. Digitisation continues until December 4, with draft rolls to be published on December 9.
The Indian onion export market is experiencing a downturn as longtime clients such as Bangladesh and Saudi Arabia pivot to suppliers in Pakistan and China. This change comes after India imposed export limits to stabilize local prices. Industry insiders caution that India's onion seeds are empowering these rival nations towards self-sufficiency, threatening the stronghold of Indian farmers in global markets.
Congress leadership has not set an immediate deadline for a Karnataka government leadership change, downplaying reports of a aging power struggle. Senior leaders are expected to abide by the high command's decision, with the upcoming Parliament session taking precedence. The party is navigating complex factors beyond simple promises or ambitions.
India's market regulator SEBI is probing Jindal Poly Films for alleged securities law breaches. The investigation focuses on dealings between group companies. SEBI has also joined a class action lawsuit filed by minority shareholders. This intervention aims to influence the legal proceedings. Jindal Poly Films states it has received no official notices from SEBI or the NCLT.
Any incremental growth is likely going to be driven by a pickup in retail lending segments such as housing, MSME, two-wheelers, and gold loans. But analysts expect the asset quality to remain stable, despite growing retail demand. The agency has upgraded its credit growth outlook to 11.5%-12.5% for FY26, up from an earlier average growth of 11.13% in FY25. The Gross non performing assets (GNPA) for overall banks is expected to improve to 2.1% in FY26 from 2.3% in FY25.
Black Friday 2025 is here and U.S Stock Market business hours will differ.
Petitioners are challenging the Election Commission of India's special intensive revision of voter rolls. They argue the commission cannot alter the constitutional framework through procedural changes. Senior advocate Abhishek Manu Singhvi stated the ECI is bound by the constitutional scheme. The Chief Justice of India questioned the commission's varied procedures across states regarding dead voters.
Haleon India is reportedly set to appoint Kedar Lele, the outgoing MD of Castrol India, as its new chief early next year. Lele will succeed Navneet Saluja, who retired in October. This appointment marks another leadership change in India's legacy consumer sector, with Haleon India managing popular brands like Sensodyne and Crocin.
Many people follow a high-protein diet because they think it builds muscle and gives more energy. But experts say most adults already get enough protein with normal food. A high-protein diet can sometimes put stress on the body. Simple portions of meat, eggs, beans, or dairy are usually enough for daily protein needs.
Mahindra & Mahindra is embracing a bold future as it prepares for a substantial transition to electric SUVs by 2027-2028. With estimates indicating that electric models could account for 20-25% of their SUV sales, the company is poised to make waves with the launch of the family-friendly XEV 9S in January 2026.
India's streaming platforms, historically male-dominated with crime and action content, may see a shift towards gender-balanced storytelling. The rapid growth of Connected TV viewing, now a significant screen for OTT, is challenging the long-held belief that men are the primary paying audience. This expansion is prompting a re-evaluation of content strategies to cater to a broader demographic.
Whirlpool Corporation has sold an 11.2% stake in its Indian subsidiary, Whirlpool of India. This move is part of a larger plan to reduce its ownership. The sale generated approximately 1,490 crore. The parent company aims to complete its stake reduction by the first half of 2026. Proceeds will be used to repay debt.
India's decision to reject a waiver for local clinical trials of a new HIV drug, lenacapavir, is causing concern. Public health experts warn this will delay access to the affordable generic version for millions in India and other low-income nations. Drug maker Hetero Labs sought the waiver to speed up the launch of the treatment.
Chinese travellers face visa delays and restrictions for visiting India. Tour operators report difficulties in securing appointments and limited city access. This is impacting business for companies that previously relied on the Chinese market. India resumed tourist visas after a five-year pause. Tour operators are urging for faster approvals and the return of e-visas to boost tourism.
GMR Airports' subsidiary GCLL has secured a Rs 750 crore term loan from Axis Bank for its Delhi airport cargo city project. The loan will fund a portion of the development costs for the 50.5-acre cargo facility. GMR Airports has provided a Sponsor Support Undertaking and pledged shares to secure the financing.
Indian Railways is intensifying efforts to boost non-fare revenue (NFR) by exploring new avenues like leasing guesthouse space, monetizing residue materials from wagons, and selling station waste. The goal is to significantly increase NFR earnings, which currently represent a small fraction of total income compared to developed countries.
Tata Trusts will see a return to its former structure with experienced and younger Tata family members joining. This follows recent trustee disagreements and the removal of Vijay Singh. The changes aim to restore balance within the Trusts. New members are expected to contribute to the Trusts' philanthropic work. The situation has stabilized for now.
There was confusion after the department on Tuesday rescinded an erroneous republication of the same rules. While the October 29 notification republishing the rules now stands revoked, the rules remain in force as per the October 22 gazette notification, it said.
Generous New Yorkers changed a Brooklyn-bound L train into a moving Thanksgiving celebration, inviting strangers to take part in a complete feast. Adorned with festive decorations and several turkeys, the Friendsgiving gathering welcomed commuters to serve themselves while music was played in the background. Although this years hosts are mostly anonymous, the tradition of subway Friendsgiving has become a heartwarming New York City tradition.
Gopal Vittal from Bharti Airtel emphasizes the importance of safer digital payment practices for consumers. He encourages individuals to create a separate secondary account dedicated exclusively to everyday transactions. This proactive approach safeguards personal savings against the backdrop of increasingly clever online frauds.
The row between Asia's two biggest economies began after Takaichi suggested this month that Tokyo could intervene militarily in any attack on self-ruled Taiwan, which China claims as part of its territory. According to Beijing's foreign ministry, Chinese leader Xi Jinping pressed the issue in a phone call with Trump on Monday, saying Taiwan's return was an integral part of the post-war international order.
Avaada Group will invest 1 lakh crore in the next five years. The company aims to reach 30 GW of renewable energy capacity. This expansion includes building more solar and wind power projects. Avaada will also grow its manufacturing facilities. The group plans to hire 10,000 new employees. This significant investment will boost India's green energy sector.
In a bid to secure its fertilizer supply, India is collaborating closely with Morocco, known for being a prominent supplier of phosphates. The agenda has included plans for enduring strategic alliances, cooperative projects, and initiatives to bolster agricultural resilience and food security.

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