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Economy / The Economic Times
MH370 Malaysian Airlines Boeing 777 plane disappeared from radar shortly after taking off on March 8, 2014, carrying 239 people, mostly Chinese nationals, on a flight from Malaysias capital, Kuala Lumpur, to Beijing.
Cyclone Ditwah is moving towards the coasts of Chennai, Puducherry, and southern Andhra Pradesh. Heavy rainfall is expected until December 4, 2025. Some districts in Andhra Pradesh have declared school holidays. Decisions for December 4 will be made based on weather conditions. Chennai and surrounding districts are experiencing continuous rain and waterlogging.
A need has been felt in the country for developing the lighter variants of the missiles like the BrahMos NG which can be fitted on all types of fighter aircraft of the Indian Air Force with capability to hit targets at over 400 km and longer range versions of the missiles which can engage targets at more than three times of the present capability, defence sources told ANI.
FDA recalls shredded cheese: Consumers should check their shredded cheese. Great Lakes Cheese Co. recalled over 1.5 million bags of cheese. Metal fragments may be present. Affected products are sold under many store brands at major retailers. The recall was upgraded to a Class II recall. Consuming these products may cause adverse health consequences.
The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. Markets expect a rate cut, but some experts believe the RBI might hold rates steady. Inflation is falling, and economic growth is strong. The committee's decision will be announced on Friday.
Delhi's Raj Niwas, the official residence and office of Lieutenant Governor VK Saxena, has been officially renamed 'Lok Niwas' following directions from the Ministry of Home Affairs. The change was announced via a notification from the Lt Governor Secretariat, with the official X handle also updated. This renaming follows the christening of the new PMO complex as 'Seva Teerth'.
U.S. economy added 119,000 jobs in September, with the unemployment rate rising to a four-year high of 4.4 per cent.
A video of a newlywed Indian bride performing a song on guitar while wearing a ghoonghat has sparked a debate. While many admired her talent and confidence, others questioned the tradition of covering her face. The clip highlights the ongoing discussion about balancing cultural customs with individual expression for women.
Bitcoin price today: Crypto markets surged as Vanguard reversed its Bitcoin ETF ban. Bitcoin prices jumped significantly, reaching over $93,000. This move, alongside Bank of America's recommendation for crypto exposure, boosted investor confidence. Institutional demand saw BlackRock's IBIT ETF record substantial trading volumes. The rally extended to major altcoins, indicating broad market strengthening.
Yas Island Abu Dhabi is captivating India's youth with its Smash the Ordinary campaign. Bollywood actress Sahher Bambba teams up with AI influencer Naina on Instagram reels, showcasing Ferrari World, SeaWorld, and Warner Bros. World.
Jailed former Pakistani PM Imran Khan accused army chief Asim Munir of disastrous policies, claiming they fueled terrorism and strained relations with Afghanistan to please Western powers. Khan alleged he and his wife are subjected to psychological torture in solitary confinement, with access to lawyers and family denied despite court orders.
Silver price, gold rate are down on Wednesday. Silver fell 0.5 per cent to $58.15 an ounce after touching a record high of $58.94.
Global debt is exploding. Major economies are facing a severe debt crisis, with debt-to-GDP ratios at unprecedented levels. Japan leads with a government debt-to-GDP ratio exceeding 230%, the highest worldwide, followed by the US at about 125%, and China at an all-time high near 115%. The European Economic and Monetary Union (EMU) maintains a high ratio near 95%. This leveraging trend is accompanied by a global public debt load nearing $338 trillion, exacerbated by rising interest rates that mak
India's Chief Economic Adviser V Anantha Nageswaran remains optimistic despite the rupee's decline against the US dollar, projecting a rebound in the coming year. The government is poised for a significant surge in foreign direct investment, aiming to exceed $100 billion this year.
New laws are set to tax tobacco and pan masala products. These bills replace the GST compensation cess. Excise duty will be levied on tobacco items. A health and national security cess will apply to pan masala. This ensures high taxation on these goods continues. The government aims to repay loans and end the compensation cess soon.
Mahindra Group Chairman Anand Mahindra humorously shared his wait for the company's new electric SUV on social media. The XEV 9S, India's first electric-native 7-seater on the INGLO platform, boasts advanced tech, safety features, and a 500 km range, with bookings opening soon.
Arun Singh's tenure as ONGC chairman is extended by one year. His leadership has stabilized crude production and improved gas pricing. ONGC has seen healthy profits and a significant share price increase. The company is now focused on cost optimization to manage soft crude prices. This strategic move aims to protect margins and sustain investor returns.
India is updating its economic data framework. The base year for national accounts will change from 2011-12 to 2022-23. This revision will happen next year. The move aims to better reflect the current economy. It addresses concerns raised by an international report. The new base year will provide more relevant economic statistics for the nation.
Birla Estates Private Limited has partnered with an NCR real estate developer as a co-developer for a 5-acre residential project in Greater Noida. This collaboration, backed by a new Uttar Pradesh government policy for stalled projects, will see Birla Estates invest Rs 500 crore to develop a project with an estimated gross development value of Rs 1,600 crore.
New rules will require all pan masala packages to show the Retail Sale Price and other details. This change starts on February 1, 2026. Small packs, previously exempt, will now also need these labels. The move aims to protect consumers by ensuring clear pricing. It will also help in collecting Goods and Services Tax accurately on all pan masala sales.
Russia's Sberbank is boosting trade with India, focusing on imports and skilled workers. The bank is facilitating deals with over 6,000 Indian firms new to Russian trade. Payments are being made in national currencies, bypassing sanctions. Russia seeks to increase bilateral trade to $100 billion. India's IT, pharma, and machine-building sectors are highlighted.
YouTube is rolling out its first-ever Recap in India this week, giving users a personalised look back at everything they watched in 2025.
The Board of Control for Cricket in India has revealed the Indian squad for the upcoming T20I series against South Africa. Suryakumar Yadav will lead the team as captain, with Shubman Gill as his deputy. The series comprises five matches, commencing on December 9, 2025.
The latest order is an extension of Contract 5RS-DM, originally awarded to BEML in August 2023 after competitive global bidding. The base contract, valued at approximately Rs 3,177 crore, includes the design, manufacturing, supply, installation, testing, commissioning, and comprehensive maintenance of the metro trainsets for up to 15 years.
India's active subscriber base surged by 5.7 million in October, marking the strongest monthly growth in five months. Reliance Jio led the gains with 3.9 million new subscribers, followed by Bharti Airtel, while Vodafone Idea experienced a slight decline. This robust subscriber momentum is expected to positively impact average revenue per user.
HBO Maxs December lineup offers an impressive blend of content, highlighted by the standout success of IT: Welcome to Derry. This Stephen King prequel series has captivated viewers since its October 26 premiere, receiving a 79% Rotten Tomatoes score and gaining 5.7 million audiences on opening weekend. Along with it, fresh releases such as Heated Rivalry and additions like Mad Men expand the platforms variety.
Lottery results today: A New Jersey lottery player is now a multimillionaire after winning the $90 million Mega Millions jackpot on December 2, 2025. While Ohio missed the grand prize, thousands of residents secured smaller winnings. The Mega Millions jackpot resets to $50 million for the next drawing, with improved odds for players.
Apraava Energy is the country's leading integrated energy solutions provider headquartered in Mumbai. It is jointly owned by the CLP Group -- one of the largest investor-owned power businesses in Asia and La Caisse (formerly CDPQ), a global investment group.
Stubborn belly fat is more than a cosmetic issue. Visceral fat, which surrounds internal organs, increases the risk of diabetes, heart disease and metabolic disorders. California-based gastroenterologist Dr Saurabh Sethi, trained at AIIMS, Harvard and Stanford, shared seven everyday foods that help reduce it: blueberries, Greek yogurt, extra virgin olive oil, fatty fish or walnuts and flaxseeds, leafy greens, avocados and green tea. Experts emphasize that small lifestyle changes, including diet,
Assam Chief Minister Himanta Biswa Sarma said opposition parties disrupted Parliament, preventing discussion on Scheduled Tribe status for six communities. Protests against the proposal occurred in Dima Hasao district and Kokrajhar. Students voiced concerns about diluted rights. The Chief Minister accused Congress of a U-turn on the issue.
NBA All-Star played with New Orleans for six seasons, then was traded to the Clippers in 2011. He later played for the Houston Rockets (2017-19), Oklahoma City Thunder (2019-20), Phoenix Suns (2020-23), Golden State Warriors (2023-24) and San Antonio Spurs (2024-25).
India's government is set to achieve its fiscal deficit and capital expenditure goals. Strong non-tax revenues and early spending are supporting this. Nominal GDP growth may be slightly lower than predicted. Private investment is still cautious due to global and domestic uncertainties. Upcoming GST data will reveal consumption trends.
Sun Pharmaceutical Industries' subsidiary, Sun Pharma Laboratories Ltd, has approved a Rs 3,000 crore investment for a new greenfield formulations manufacturing facility in Madhya Pradesh. This significant expansion by the Mumbai-based drug major aims to bolster its production capabilities. The announcement comes as Sun Pharma's shares saw a slight increase on Wednesday.
The Supreme Court will re-examine its May 2025 ruling on the Bengaluru ISKCON temple ownership. A review petition filed by ISKCON India has been accepted. The court will reconsider its earlier decision which declared the ISKCON Karnataka Society as the owner. ISKCON India maintains that only the 1971 Mumbai registration is the official ISKCON society in India.
The Allahabad High Court has ordered the Uttar Pradesh government to cease Scheduled Caste benefits for individuals converting to Christianity. The court stated that continuing these benefits would be a fraud on the Constitution. It emphasized that only Hindus, Sikhs, and Buddhists are recognized as Scheduled Castes.
Mortgage rates are holding steady as December opens. Zillow shows the 30-year fixed at 6.11% and the 15-year at 5.52%. Realtor.com now projects the 2026 average near 6.3%, slightly below 2025s 6.6%. Markets are watching the Fed, with a December rate cut still uncertain. Any move may keep mortgage costs in a tight, modestly lower range.
Ankara, a NATO member that has kept warm relations with both sides in the Russian war in Ukraine, has condemned attacks on vessels with links to Moscow that took place inside Turkey's exclusive economic zone off its coast in the Black Sea.
Several popular sitcoms that have been long-time comfort watches for viewers are set to leave Netflix soon, causing concern among fans. While their removal has sparked strong reactions online, the shows will continue to remain accessible on other platforms, ensuring viewers still have ways to watch them even after they exit the streaming service.
Major news unfolds on December 4, 2025. Calcutta High Court upholds primary teacher jobs. Jasir Wani's NIA custody extended. Sabarimala gold loss case sees bail plea rejected. India's CAD widens due to gold imports. US H-1B visa oversight intensifies. HSBC appoints a new chairman. US-Russia talks on Ukraine are constructive. Virat Kohli scores back-to-back centuries. China's services growth slows.
Putin held hours of late-night talks with Donald Trump's envoy Steve Witkoff and son-in-law Jared Kushner Tuesday, but neither side announced headway on a peace settlement to end almost four years of war in Ukraine.

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