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Economy / The Economic Times
Britain's jobs market showed continued weakness in November as employers hesitated to hire amid budget uncertainty. While permanent job placements saw their slowest decline since July, temporary hiring slipped. Despite relief from major tax hikes in the subsequent budget, a significant shift in hiring plans is not yet anticipated.
A devastating fire swept through a restaurant in Arpora, North Goa, resulting in 25 fatalities. Authorities have confirmed the arrest of four individuals in connection with the incident. The injured are recovering, and compensation has been announced for the victims' families. Investigations into the cause of the blaze are ongoing.
Civil Aviation Minister Ram Mohan Naidu is facing criticism following IndiGo's flight cancellations. This comes after a series of aviation incidents during his tenure. The minister has blamed IndiGo for the current chaos. Past events include a terminal roof collapse and an Air India crash. An air traffic control system breakdown also occurred.
IndiGo, which operated about 2,300 flights per day till the crisis struck, could be directed to reduce 300 flights per day for the winter schedule, said people aware of the developments. The winter season runs from the last Sunday of every October till the last Sunday of March. The Centre has, meanwhile, asked Air India and other airlines to add flights and cater to the demand spill that will follow IndiGos reduction.
Post-pandemic, India has seen a boom in the health food industry, with even dairy giant Amul entering the protein market two years ago. TCPL has ventured into the plant-based meat products industry under the brand Tata Simply Better, with nuggets and burger patties. ITC has introduced plant-based protein products such as burger patties and nuggets, and also launched egg and milk biscuits. Nestl India has collaborated with restaurant chains Social and Boss Burger to introduce a trial launch of Ma
CA Nitin Kaushik recently outlined key behavioural markers that signal whether a person is genuinely on track for long-term financial security. In his post, he explained that many people underestimate their progress and may already be doing better than they think. His breakdown focuses on practical habits that reduce financial stress, strengthen future preparedness and build steady confidence in ones money decisions.
Twenty-five victims of a deadly Goa nightclub fire are now identified. The blaze claimed 20 staff and five tourists. Management has been arrested. Officials face suspension. The fire reportedly started from electrical firecrackers. A probe is underway to prevent future tragedies. Families are taking loved ones home.
Gaurav Khanna won Bigg Boss 19, but many viewers felt Farrhana Bhatt was the true winner. She overcame an early elimination and gained millions of followers, captivated audiences with her emotional journey and strong personality, making her the season's most talked-about contestant. Read on to know how netizens react to it!
Gaurav Khanna won Bigg Boss 19, taking home the trophy and Rs 50 lakh. Despite entering the season late, he became the first finalist and ultimately the winner, finishing ahead of runners-up Farrhana Bhatt and Pranit More. Known for playing Anuj Kapadia in Anupamaa, Gaurav maintained a dignified game throughout the show, often noting that past winners proved arguments and abusive language are not needed to win.
U.S. Stock Market Outlook: S&P 500, Dow Jones, Nasdaq investors are eyeing on the U.S Fed Interest Rate Cut meeting.
The luxury housing landscape in India is flourishing, as the dynamics of supply and demand expand into non-traditional regions. Luxury properties now make up 27% of the market, fueled by a craving for high-end design and outstanding amenities. Emerging hotspots for luxury living are booming, successfully closing the price gap with their more established counterparts.
Next year, Bajaj Finserv is paving the way for a dynamic foray into pensions and wealth management, setting the stage for a robust financial future. With ambitions to list its insurance arms in the next four to five years, this strategy is a cornerstone of their ambitious five-year roadmap aimed at tripling revenue by FY30.
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.
To ensure the recent interest rate reduction truly benefits the economy, the Reserve Bank of India may have to infuse a staggering 1.5 lakh crore into the financial system. This move is seen as vital to offset the liquidity drains caused by advance tax payments and possible forex market interventions.
IndiGo has established a crisis management group, including its chairman and CEO, to address widespread flight cancellations and delays. This action follows a severe pilot shortage and operational issues that have stranded thousands of passengers. The board is actively involved, holding frequent meetings to stabilize the airline's network during this high-travel period.
Construction equipment makers are experiencing a surge in government orders for border infrastructure projects, driven by heightened geopolitical tensions and import substitution efforts. Companies like JCB India and Action Construction Equipment are supplying critical machinery to the defence ministry and Border Roads Organisation, significantly boosting their revenue streams and local manufacturing capabilities.
Celebrating India as a 'nucleus of excellence,' Reckitt Benckiser reveals that its brands have made their way to a remarkable 10 million stores across the nation. The firm highlights the vital role of offline retail in its operations, with 85% of FMCG sales still flowing from smaller neighborhood outlets, contrasted by a growing 15% from the quick commerce sector.
In a report tabled in Parliament, the Standing Committee on Transport, Tourism and Culture cautioned that the aviation sector was approaching a critical inflection point due to the mismatch between the rapid growth of aircraft fleets and the slower expansion of pilot and air traffic controller (ATC) manpower.
Farrhana Bhatt, the runner-up of Bigg Boss 19, has stolen audiences' attention with her powerful presence. Hailing from Srinagar, she pursued journalism before training at Anupam Kher's acting school. She has a notable filmography, including Laila Majnu, Singham Again and has also excelled in Taekwondo and on a digital platform. Read on to know about her!
India's finance ministry is setting a new standard for accountability by instructing state-run banks to swiftly communicate any troubling details regarding their directors and appointees. This move is particularly relevant following the controversial case involving UCO Bank's MD & CEO, who is currently facing a CBI chargesheet.
A Chinese tourist, Hu Congtai, has been detained in Kashmir. He entered Ladakh and Jammu and Kashmir without permission, violating his visa. His phone history revealed searches for CRPF deployments and Article 370. Agencies are questioning him. He arrived in Delhi on November 19 and traveled to Leh and Srinagar. Authorities are considering his deportation.
India is hosting a significant UNESCO meeting on safeguarding intangible cultural heritage. External Affairs Minister S Jaishankar addressed delegates at the Red Fort, emphasizing the democratic nature of cultural expressions. The 20th session of the Intergovernmental Committee will review nominations and existing elements. India showcases its rich cultural heritage for this important global event.
Military and security sources said that around a dozen soldiers had been arrested, including those behind the coup bid. The west Africa region has experienced a number of coups in recent years, including in Benin's northern neighbours Niger and Burkina Faso, as well as Mali, Guinea and, most recently, Guinea-Bissau.
The ministry said the move will enable financiers to explore and expand their solar PV manufacturing portfolio into upstream segments like solar cells, ingots-wafers, and polysilicon, as well as solar module ancillaries such as solar glass and aluminium frames, instead of being limited to financing only solar PV module manufacturing facilities.
India is set to host an Arab foreign ministerial meeting in January. This initiative aims to deepen engagement with West Asia. Syria's foreign minister may attend the gathering. High-level visits to the Arab world are also planned before the January meeting. Prime Minister Narendra Modi could visit Oman and Jordan this month.
In a bold political maneuver, suspended Trinamool MLA Humayun Kabir is teaming up with AIMIM as West Bengal gears up for its assembly elections. Kabir has initiated talks with AIMIM leader Asaduddin Owaisi, with hopes of jointly contesting 135 seats. This collaboration could significantly sway the Muslim vote in the region.
In a surprising turn of events, JioStar has communicated to the ICC that it must retract from its media rights contract for cricket events, primarily due to major financial challenges. This development has prompted the ICC to scout for alternative partners to secure rights for future tournaments.
Sergio Gor is set to become the new US ambassador to India. He plans to bring his own team to assist in managing the important Indo-US partnership. This move comes as the relationship has faced challenges. Even before Gor's arrival, the current US Cd'A, Jorgan K Andrews, has reportedly been asked to step down.
West Bengal is embarking on an ambitious plan to add around 9,000 new polling booths, a significant move prompted by the Election Commission of India's recent directive for booth rationalisation. This initiative specifically targets urban areas where large housing complexes exist, ensuring easier access for voters. Additionally, the digitisation of enumeration forms is rapidly approaching completion.
Pakistan and Armenia are moving forward to establish diplomatic relations. Discussions are underway to open a Pakistan embassy in Yerevan next year. This development follows the official establishment of diplomatic ties between the two nations on August 31. India is closely observing these events.
I told them that if they don't react, we Europeans will be forced to take strong measures in the coming months, Macron told business daily Les Echos after returning from a state visit to China. Such measures could be modelled on steps taken by the United States, he said, such as tariffs on Chinese products, for example.
The national transporter is also running 89 special train services (over 100 trips) from Saturday to Monday across multiple zones. This will help support smooth travel and ensure adequate connectivity amid rising demand for rail travel, the statement added.
A devastating fire ripped through Birch by Romeo Lane nightclub in North Goa. Twenty-five people, including four tourists, lost their lives. Most victims were staff trapped in the smoke-filled basement. Authorities have arrested club management and issued warrants for owners. Government officials face suspension. Investigations are underway to determine the cause and prevent future tragedies.
EQT Partners is gearing up to divest its substantial 40% interest in CitiusTech, aiming to secure close to $1 billion. The Swedish investment firm is collaborating with advisors to identify interested private equity firms willing to step in.
In a bold display of courage, BSF troops executed two effective midnight operations. In Amritsar, they intercepted a stash of 12 packets containing 6.638 kilograms of heroin. Meanwhile, in Ferozepur, they confiscated a pistol complete with a magazine and four live rounds. These initiatives underline BSF's unwavering commitment to safeguarding India against the influx of drugs and weaponry.
Gaurav Khanna has been crowned the winner of Bigg Boss 19, triumphing over strong competitor Farhanna Bhatt in a closely fought grand finale. After over three months of drama and entertainment, Gaurav's determination and connection with audiences secured him the champion title. The finale also featured special performances and guest appearances.
Netanyahu spoke during a news conference with visiting German Chancellor Friedrich Merz and stressed that the second phase, which addresses the disarming of Hamas and the withdrawal of Israeli troops from Gaza, could begin as soon as the end of the month. Hamas has yet to hand over the remains of Ran Gvili, a 24-year-old police officer who was killed in the Hamas-led Oct. 7, 2023, attack that sparked the war. His body was taken to Gaza.
Senior American officials are visiting India to strengthen political and trade partnerships. Discussions will cover regional security and economic cooperation. A key focus will be innovation in US-India research. Trade talks for a bilateral agreement will also commence. Both sides aim to finalize the first part of the trade pact by year-end.
The Indian rupee is under pressure and could soon slip below the 90 threshold against the dollar. This forecast stems from a burgeoning trade deficit and lukewarm investment climate. The urgency for a trade pact with the US is more pronounced than ever.
New Year 2026 Horoscope: As 2026 approaches, interest in what the upcoming year might signify is growing rapidly within astrology and numerology communities. Following what practitioners describe as a challenging Year 9 in 2025, defined by endings, emotional shifts and deep self-reflection, many are now turning toward the next cycle with a sense of optimism and anticipation.
In a commendable show of restraint during Operation Sindoor, Defence Minister Rajnath Singh expressed his admiration for the Indian forces. He officially opened the Shyok tunnel in Ladakh, a crucial all-weather route that will enhance connectivity in a strategically significant area.
With India's copper production reaching new heights, local manufacturers are calling on the government to curb the influx of inexpensive imports. They advocate for increased tariffs and strict quotas on copper imports, particularly from nations benefiting from free trade agreements, to protect their burgeoning industry and ensure fair competition.
Russia invaded Ukraine in February 2022 after eight years of fighting between Russian-backed separatists and Ukrainian troops in the Donbas, which is made up of the Donetsk and Luhansk regions. The Ukraine war is the deadliest European conflict since World War Two and has triggered the biggest confrontation between Russia and the West since the depths of the Cold War.
In the bustling landscape of Gurugram, property developers are now setting their sights on the Japanese market. With a growing influx of Japanese companies establishing operations in the city, developers are customizing their projects to cater specifically to this expatriate community. Innovations include unique communal spaces reminiscent of Japan and compact living options that resonate with Japanese living preferences.
Pranit More, the popular Marathi comedian, has been eliminated from the Bigg Boss 19 finale race just before the winner announcement. Despite being the lowest-paid contestant, he remained a strong contender, impressing viewers with his humour and simplicity throughout his journey in the house. Read on to know more about him!
Fino Paytech has secured the green light to upgrade its payments bank to a small finance bank, following the guidelines set by the Reserve Bank of India. Affected major investors are mandated to trim their stakes, with an 18-month timeline to meet these new ownership regulations. In addition, the bank plans to enhance its technological framework and human resource management.
Every CEO I speak to believes AI is transformative. The debate is not whether it will reshape industries but how dramaticallyDavid Bach President, IMD
Maharashtra's government now recognizes digital land records as fully legal. This move eliminates the need for physical signatures, speeding up property deals and loan approvals. Financiers and developers expect reduced risks and faster decision-making. This reform aims to boost transparency and confidence in India's real estate market.

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