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Economy / The Economic Times

Costcos secret tariff time bomb: Is this billion-dollar lawsuit about to shake the economy?

Why Michael Burry thinks Tesla is overvalued. He says the companys stock price is too high and may not match its real future growth. The piece looks at his warning, what it means for investors, and why he believes the market is ignoring important signs. It gives a clear, easy view of the issue.

2 Dec 2025 6:53 pm
HSBC interim chair Nelson ruled himself out of permanent role, CEO says

HSBC's interim chairman Brendan Nelson will not take the permanent role. The bank's CEO, Georges Elhedery, confirmed this. HSBC's board is interviewing candidates this week. George Osborne and Kevin Sneader are among those considered. The search for a new chairman is ongoing. HSBC is focusing on Asian markets and restructuring.

2 Dec 2025 6:49 pm
Govt approves upgradation of Numaligarh Refinery to Navratna CPSE

Finance Minister Nirmala Sitharaman has approved the upgradation of Numaligarh Refinery Ltd (NRL) to Navratna CPSE status, making it the 27th such enterprise. NRL, a Ministry of Petroleum & Natural Gas CPSE, reported an annual turnover of Rs 25,147 crores and a net profit of Rs 1,608 crores for FY 2024-25.

2 Dec 2025 6:45 pm
ChatGPT-maker OpenAI activates 'Code-Red' after Google's Gemini 3 launch. What is it? Check Sam Altman's latest pointers to employees

OpenAI in October declared a Code Orange as the ChatGPT maker was facing he greatest competitive pressure.

2 Dec 2025 6:44 pm
James Carville says Trump's presidency is all but over with more trouble on the horizon

Democratic strategist James Carville believes Donald Trump's presidency is nearing its end, citing a significant drop in his approval rating to 36 percent. Carville argues voters are blaming Trump for economic woes and that his Cabinet's scandals are creating a sense of disorder, predicting Democratic victories in the 2026 midterms.

2 Dec 2025 6:42 pm
Prince Andrew demands 75M payout from King Charles to vacate Royal Lodge, insiders claim

Prince Andrew finds himself at the center of a high-profile conflict over the Royal Lodge. According to Rob Shuter's ShuterScoop, he is efusing to leave despite being expelled and has allegedly demanded 75,000,000 to even think about moving out. He is also looking for a eplacement residence in Sandringham with access to a cook, a gardener, a housekeeper, a driver, and police protection.

2 Dec 2025 6:39 pm
Amit Shah says Rs 6,841.86 cr refunded to 35.44 lakh depositors of Sahara Group Coop Societies so far

Cooperation Minister Amit Shah announced that Rs 6,841.86 crore has been disbursed to 35.44 lakh Sahara Group depositors so far. Payments up to Rs 50,000 are being made to genuine depositors through Aadhaar-seeded bank accounts. The Supreme Court has extended the disbursement deadline to December 31, 2026.

2 Dec 2025 6:36 pm
No proposal to raise FDI limit for PSU banks to 49%: MoS Finance

The government has stated it is not planning to increase the foreign direct investment limit in public sector banks. The current limit stands at 20 percent. This decision comes as the government continues to hold its share in 12 public sector banks since 2020.

2 Dec 2025 6:20 pm
NYT Connections Answers December 2: Hints, solutions and categories revealed for todays puzzle #905

NYT Connections kept word-game enthusiasts busy on Tuesday as many players relied on guided clues to work through Puzzle #905. The game, which tasks solvers with organising 16 words into four themed categories, delivered a mixed challenge.

2 Dec 2025 6:19 pm
Former Pakistan PM Imran Khan's sister allowed to meet him in Adiala Jail

Pakistan's government has permitted Imran Khan's sister to visit him in Adiala Jail. This follows intense speculation about his health and well-being. Supporters gathered outside the jail, prompting a significant police presence. The government had previously restricted family visits for over a month. Khan's son had demanded proof of his father's life.

2 Dec 2025 6:17 pm
India pitches for coordinated action to deal with challenges in digitalisation, timely tax info exchange

India is urging global partners to unite against emerging economic challenges. Digitalization and new financial products like crypto require coordinated action. Finance Minister Nirmala Sitharaman emphasized the need for timely information exchange and strong data confidentiality. This collaboration aims to ensure fairness and public trust in tax systems worldwide. Technological advancements will aid in achieving these goals.

2 Dec 2025 6:15 pm
Techie, who once worked as a waiter, revealed how he built a networth of over Rs 1.5 crore at 33 while working regular jobs

A 33-year-old tech professional achieved over Rs 1.5 crore in assets. He started investing early, taking on small jobs. Strategic career moves and consistent investment in equities fueled his growth. He mastered momentum trading and reinvested profits. Discipline through market downturns and continuous self-improvement were key. His journey highlights sustained effort leading to financial success.

2 Dec 2025 6:07 pm
Bride-to-be caught cheating at bachelorette, then blames sober friend for not stopping her

A bachelorette outing meant to be a simple celebration turned into unexpected turmoil when a bride-to-be cheated on her fianc during a club outing. The only sober companion in the group found out that the bride was kissing another woman and pulled her away, cautioning her about the consequences. Instead of accepting responsibility, the bride and her friend Cloe blamed the sober woman, insisting she should have acted as the groups caretaker and prevented the situation.

2 Dec 2025 5:56 pm
Scathing Kash Patel report drops bombshells, including his wild demand for a female agents jacket

A harsh report from retired FBI agents criticizes Kash Patel and Dan Bongino's leadership. The report details bizarre incidents, including Patel's demands for a specific jacket and polygraph tests for agents. It describes the FBI as a 'circus' under their command, citing a culture of mistrust and fear. Agents also expressed frustration with the leaders' social media focus.

2 Dec 2025 5:53 pm
Michael Burry slams Tesla as Ridiculously Overvalued in new warning to investors

Michael Burry warns that Tesla is too expensive and says the company may face trouble because of stock dilution and big pay plans. His comments come as investors debate Teslas value, future growth, and Elon Musks decisions. Some experts agree with Burry, while others stay positive on Tesla, making the stock a major point of discussion on Wall Street.

2 Dec 2025 5:52 pm
Aggressive posturing...forced Pakistan Navy to remain in its ports: Navy Chief on readiness, actions that contributed to Op Sindoor outcomes

Admiral Dinesh K Tripathi revealed Operation Sindoor's success. The Indian Navy deployed a carrier battle group, forcing Pakistan's navy to stay near its ports. This action impacted Pakistan's economy, with shipping companies avoiding its ports and insurance premiums rising. The Navy maintained complete maritime domain awareness throughout.

2 Dec 2025 5:47 pm
IRS stimulus payment December 2025 update: Will Americans get a stimulus check or Trumps $2,000 tariff dividend this month?

IRS stimulus payment December 2025 and Trumps $2,000 tariff dividend: Americans are searching for answers as rumors flare about an IRS stimulus payment in December 2025 and Trumps proposed $2,000 tariff dividend. The IRS has announced no new checks. Congress has passed no law. The tariff dividend remains only a proposal. No payment date exists. Confusion is rising. Claims online are misleading. Heres whats actually known right now.

2 Dec 2025 5:44 pm
China adds tax to condoms as it works to boost birth rates

China is introducing a 13% value-added tax on contraceptives, including condoms, for the first time in 30 years. This move aims to boost birth rates, which have been declining and pose a threat to the nation's economy. The tax reversal comes after decades of VAT exemption for these items.

2 Dec 2025 5:43 pm
India's November palm oil imports rise as soyoil, sunflower oil buying drops

Higher palm oil imports by India, the world's largest buyer of vegetable oils, could help top producers Indonesia and Malaysia reduce their stocks and support benchmark Malaysian palm oil futures, while putting pressure on US soyoil futures.

2 Dec 2025 5:41 pm
MFI body seeks greater penetration of credit flow for growth

Microfinance institutions in West Bengal need more credit to reach the bottom of the pyramid. Currently, only one-third of the target segment accesses formal credit. This gap hinders economic activity and sector growth. India's MFI sector has Rs 3.4 lakh crore outstanding with 75 million beneficiaries. West Bengal's portfolio stands at Rs 35,000 crore with one crore beneficiaries.

2 Dec 2025 5:41 pm
Bengaluru Airport Bomb Threat: Police receive threat email from 'Jaish-e-Mohammed

Bengaluru Police received a bomb threat on November 30. The email targeted Kempegowda International Airport and multiple city malls. The threat was sent by an individual named Mohit Kumar. An FIR has been filed. Security agencies are investigating the serious warning received.

2 Dec 2025 5:39 pm
5 postmeal foods that reduce bloating

five foods and sips you can take right after eating to ease gas, speed stomach emptying, and support gut motility. Simple home options that feel good and make physiological sense for everyday digestion.

2 Dec 2025 5:35 pm
Your biggest money regret is costing you more than you think. CA explains how to fix it ASAP

Financial expert CA Abhishek Walia highlighted common regrets stemming from delayed financial decisions, such as not investing early or taking on unnecessary loans. These delays, he explained, compound into significant costs and lost opportunities. Walia urged readers to take decisive action, like starting SIPs or building emergency funds, to rewrite their financial future and avoid the trap of perpetual waiting.

2 Dec 2025 5:31 pm
Parliamentary panel asked govt to conduct long-term field trials to check efficacy of nano-fertilisers

A parliamentary panel has urged the government to conduct extensive field trials for nano liquid fertilisers. These trials will assess their effectiveness on various crops. The aim is to promote nano urea and nano DAP as replacements for conventional fertilisers. This initiative seeks to boost domestic production and achieve self-sufficiency in the fertiliser sector.

2 Dec 2025 5:29 pm
Adani completes Rs 231 crore acquisition of Trade Castle Tech Park

AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, had executed a share purchase agreement on November 21, 2025 with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL.

2 Dec 2025 5:29 pm
Kabir Singh of music: Amaal Mallik says 'I would have threatened...' as he speaks about his behaviour ahead of 'Bigg Boss 19' finale

Ahead of the Bigg Boss 19 finale, Amaal Mallik addressed questions about his aggressive behaviour, strained equations inside the house and his remarks about father Daboo Malik. He said the reactions viewers saw were true to his nature and added that he has always responded strongly when provoked. Amaal explained that his comment about his father was meant to highlight how failure fuelled his own drive, and dismissed claims that he was obsessed with Tanya Mittal.

2 Dec 2025 5:18 pm
Railways operating 7 special trains from TN to Varanasi for Kashi Tamil Sangamam 4.0: Ministry

Indian Railways is running seven special trains connecting Kanyakumari, Chennai, and Coimbatore to Varanasi. These services facilitate participation in Kashi Tamil Sangamam 4.0. The initiative strengthens cultural ties between Tamil Nadu and Kashi. Special return services from Varanasi are also arranged. The event promotes linguistic and cultural exchanges.

2 Dec 2025 5:17 pm
Having gut problems? AIIMS-educated doctor shares 3 seeds that helps cleanse your gut like a brush

Digestive health is crucial for overall well-being. Simple seeds offer powerful benefits for the gut. Gastroenterology expert Dr. Saurabh Sethi highlights chia, flax, and basil seeds. Chia seeds aid daily gut renewal with soluble fiber. Flax seeds control inflammation with omega-3 fats. Basil seeds promote smooth digestion. These tiny powerhouses support a thriving digestive system.

2 Dec 2025 5:16 pm
From hatchbacks to EVs, Chennais resale market reflects tradition and cautious change

Chennais second-hand car market highlights commuter practicality and lifestyle aspirations. Hatchbacks dominate daily use, SUVs reflect rising comfort and status, and EVs show cautious traction. Buyer choices balance affordability, convenience, and sustainability, supported by Cars24s verified quality and ownership protection.

2 Dec 2025 5:00 pm
Hyderabad doctor claims her maid's toned biceps, calf muscles and abdomen can put any gym-goer to shame. She shares her fitness secret

A Hyderabad doctor shared a story about her home-helper's remarkable fitness. The woman's daily household chores provide a comprehensive workout. Her routine builds muscle and boosts metabolism, surpassing many gym-goers. This active lifestyle, combined with a simple diet and low stress, contributes to her overall health and well-being. Her story emphasizes the power of everyday movement.

2 Dec 2025 4:57 pm
DGCA probing Air India operating A320 neo plane multiple times without airworthiness certification

Indias aviation regulator (DGCA) has said Air India operated an Airbus A320 without a valid Airworthiness Review Certificate, flying it eight times after the certificate expired. The aircraft has since been grounded, and the DGCA has launched an investigation after Air India reported the lapse on November 26.

2 Dec 2025 4:54 pm
Who is Vedamurti Devavrat Mahesh Rekhe, the Kashi teen who completed the Dandakrama Parayanam in 50 days after 200 years?

A 19-year-old Vedic scholar from Kashi has achieved a rare feat. Vedamurti Devavrat Mahesh Rekhe completed a 50-day continuous recitation of Shukla Yajurveda mantras. This tradition has not been witnessed in almost two centuries. Prime Minister Narendra Modi praised the young scholar's discipline and dedication. The accomplishment revives an ancient Vedic discipline.

2 Dec 2025 4:50 pm
Pets not allowed outside but inside: Rahul Gandhi amid row over bringing dog in Parliament

Congress leader Rahul Gandhi commented on the controversy surrounding a stray dog brought to Parliament, stating pets are not allowed outside but inside. BJP spokesperson Pradeep Bhandari criticized Gandhi's remarks, interpreting them as a comparison of Congressmen and opposition leaders to dogs. The incident arose after Rajya Sabha MP Renuka Chowdhury brought a rescued stray into Parliament.

2 Dec 2025 4:40 pm
School Closings and delays near me: Classes halted at 100+ schools Areas bracing for the heaviest snow

A huge winter storm sweeping across Western Pennsylvania, Central Ohio, and parts of the Midstate region has prompted more than 100 institutions to announce school closings and delays near me, causing significant disruptions on Tuesday morning.

2 Dec 2025 4:34 pm
Parliamentary panel moots advance ruling mechanism in IBC framework to tackle litigations

The panel, in its report, has also recommended setting up a transparent, online mechanism for issuing 'no dues' certificates and statutory clearances immediately upon completion of a resolution plan to make sure that revitalised corporate debtors truly begin with a clean slate.

2 Dec 2025 4:32 pm
Total Environment appoints Pavankumar Hansoge as Group Chief Operating Officer

Hansoge has over 34 years of global experience in engineering, manufacturing and large-scale project delivery and has led high-performing, cross-functional teams across multiple geographies, with a strong record in transformation, operational excellence, and technology-driven innovation across both the consumer goods and automotive component sectors.

2 Dec 2025 4:31 pm
Budget 2026: What is growth recession & why it could be a key concern for the government

Budget 2026: As Finance Minister Nirmala Sitharaman prepares to present the Union Budget for FY26, the concept of a growth recession is gaining prominence. This economic phase, characterised by sluggish GDP growth insufficient to absorb new job seekers, poses a significant challenge for policymakers aiming to boost employment and consumption.

2 Dec 2025 4:29 pm
From hatchbacks to hybrids: What Delhis used car buyers really want

Delhis second-hand car market reveals commuter pragmatism and aspirational upgrades. Hatchbacks dominate daily mobility, SUVs reflect rising status, and EVs show cautious traction. Fuel choices, transmission trends and resale patterns mirror shifting buyer priorities and evolving urban mobility sentiment.

2 Dec 2025 4:27 pm
Complaints against credit bureaus rise sharply as borrower frustration spikes over credit score, data accuracy

According to industry experts, the rise in complaints should be seen as both a warning and an opportunity -- a signal that grievance mechanisms are being used more actively, but also a reminder that data integrity and timely updates are becoming non-negotiable for consumers navigating Indias increasingly formalised credit landscape.

2 Dec 2025 4:23 pm
Viral video claims a Chinese spy robot patrolling near India border: Watch

A viral video shows a humanoid figure near the India-China border, sparking speculation of a Chinese spy robot. While unconfirmed, the footage coincides with China's announced trials of advanced humanoid robots for border management and industrial use, intensifying public curiosity about technological advancements at the sensitive frontier.

2 Dec 2025 4:23 pm
OmnicomIPG merger: Kartik Sharma to lead India as CEO; Singh named COO; Sinha joins as strategic advisor

Omnicom Media has formalised its India leadership post-merger with IPG Mediabrands, appointing Kartik Sharma as CEO. This integration strengthens Omnicom's regional footprint, positioning it more competitively against Publicis in India's media market. The combined entity aims to simplify complexity and convert ambition into action for clients.

2 Dec 2025 4:20 pm
The Real Difference Between Sugar, Jaggery & Honey

Nutritionist Suman Agarwal, known for simplifying nutrition with facts, breaks down the difference between sugar, jaggery, honey, dates, monk fruit, and stevia in her latest Instagram reel. She explains whats actually good for you and what you should skip.

2 Dec 2025 4:12 pm
Feeling hungry? Gut health doctor shares 10 snacks that are delicious and great for your liver

Gastroenterologist Dr. Joseph Salhab, known as The Stomach Doc, shared his go-to snacks for staying full and supporting liver health. His choices include dates with walnuts, probiotic-rich fermented foods, nuts with dark chocolate, and fruit like apples with honey and cinnamon, all aimed at boosting nutrients and metabolic balance.

2 Dec 2025 4:04 pm
Reduce blood sugar in just 15 mins: Not medicines, CMC Vellore-trained doctor shares one basic habit that works better than fancy fixes

Senior diabetologist Dr Brijmohan Arora shared a CGM reading showing his blood sugar dropping within 15 minutes of simple walking, highlighting movement as one of the most effective tools for managing diabetes. His message aligns with research cited by Harvard Health, which found that faster-paced walking is linked with significantly lower diabetes risk.

2 Dec 2025 4:04 pm