Economy / The Economic Times
A new report by Goldman Sachs suggests that India's economy will likely remain stable despite potential global economic shocks in 2025, including a possible US-China trade war. Although the country's GDP growth is predicted to slow to 6.3 percent due to fiscal consolidation and tighter credit, India's long-term growth potential remains strong.
The upcoming IPL 2025 mega auction is set to witness intense bidding for overseas bowlers. Mitchell Starc, Anrich Nortje, Trent Boult, Adam Zampa, and Kagiso Rabada are among the top contenders, bringing a potent mix of pace, spin, and experience to the table.
The Aam Admi Party called for the arrest of Gautam Adani and his nephew. They are also seeking the arrest of all involved officials. This follows an indictment by US prosecutors accusing Adani of bribery. Rahul Gandhi echoed these demands, calling for Adani's arrest and a thorough investigation. He also criticised Prime Minister Modi for allegedly shielding Adani.
The Supreme Court of India considered holding the trial of Yasin Malik, a Kashmiri separatist leader, inside Tihar Jail for security reasons. Malik, serving a life sentence for terrorism funding, is accused of kidnapping Rubaiya Sayeed in 1989.
The Aam Aadmi Party announced its first list of candidates for the Delhi Assembly elections. The list includes former members of BJP and Congress. AAP won the last election with a huge majority. However, its leader Arvind Kejriwal faced legal challenges during his term. AAP is prepared for the upcoming elections.
The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts. - Wednesday's indictment in New York accuses Adani Group's leadership of paying more than $250 million to Indian government officials to secure lucrative contracts worth more than $2 billion.
Gautam Adani and associates face US charges for allegedly bribing Indian officials to secure favorable solar energy contracts. Opposition leaders, including Saket Gokhale and Mahua Moitra, criticize the Indian government's silence and demand an independent investigation. Adani Group stocks experience a significant decline following the indictment.
A software executive in Pune, India, fell victim to a sophisticated cybercrime operation, losing 6.29 crore. Posing as CBI officials, fraudsters placed the victim under digital arrest, alleging money laundering activities. They coerced him into transferring funds to their accounts under the guise of an RBI mandate.
Sean 'Diddy' Combs is facing five new lawsuits accusing him of drugging and sexually assaulting both men and women. The lawsuits allege incidents involving multiple victims at various parties and gatherings. Each case highlights troubling claims of abuse and drugging, including a man who claims he was assaulted at a Miami party and others recounting similar experiences at events hosted by the music mogul.
Russia launched an intercontinental ballistic missile from its Astrakhan region, targeting Dnipro in central-eastern Ukraine. This marks the first use of such a powerful, long-range missile during the war, coming after Ukraine struck targets inside Russia using U.S. and British missiles.
Karnataka Education Minister Madhu Bangarappa faced criticism after demanding action against a student who commented on his Kannada proficiency during an online coaching launch. Bangarappa's reaction sparked debate about freedom of expression and criticism, with the BJP condemning his intolerance towards feedback.
The Adani Group refuted allegations by US authorities of a $250 million bribery scheme involving Indian officials. The conglomerate labeled the charges as aseless and pledged to pursue legal action. US prosecutors and the SEC accused Gautam Adani, his nephew, and a former Adani Green Energy CEO of orchestrating the scheme to secure solar energy contracts.
Starbucks is looking for ways to improve its business in China. The company is considering selling a part of its Chinese business to a local partner. Starbucks has faced challenges in China due to increased competition and weak consumer spending. The coffee giant has experienced declining sales in China for three quarters in a row.
Gautam Adani, founder of the Adani Group, and seven other executives have been indicted in the US on charges of securities fraud, wire fraud, and violations of the Foreign Corrupt Practices Act. They are accused of orchestrating a bribery scheme to secure solar energy contracts in India and misleading investors, raising over $3 billion.
Ellen DeGeneres and Portia de Rossi have relocated to the Cotswolds in England. A source revealed their move followed Donald Trump's election. The couple listed their Montecito house for sale. DeGeneres addressed criticism about her talk show in her Netflix special. She has been enjoying gardening and raising chickens.
The US SEC has charged Indian billionaire Gautam Adani and others, including three former CDPQ executives, with a bribery and fraud case exceeding $250 million. The former CDPQ executives implicated are Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra. The indictment also names Ranjit Gupta, former CEO of CDPQ-controlled Azure Power, a green energy firm previously listed on the NYSE.
For the first time, Ukraine has used UK-supplied Storm Shadow missiles to strike targets inside Russia, according to multiple reports. The move follows the recent approval from Washington for Kyiv to deploy US-made ATACMS missiles across the Russian border. Both missile systems have targeted strategic locations, such as ammunition depots, as part of Ukraines intensified counteroffensive. Officials in Ukraine, the UK, and the US have declined to comment on the specifics, underlining operational s
Congress leader Rahul Gandhi called for the arrest of Gautam Adani, chairman of the Adani Group, following allegations of a multibillion-dollar fraud scheme. Gandhi urged for an investigation and punishment for Adani, accusing Prime Minister Modi of protecting the tycoon. U.S. prosecutors indicted Adani, his nephew, and another executive for allegedly bribing Indian officials to secure lucrative solar energy contracts.
The Indian government approved funding for healthcare facilities in Manipur's hill districts. The funding will provide advanced medical equipment and services. Residents will have access to CT scans, MRI, ICU services, and specialized care. The initiative aims to improve healthcare access in remote areas. The Churachandpur Medical College is already operational. This funding reflects the government's commitment to equitable healthcare.
Gautam Adani and associates were indicted in New York for allegedly bribing officials to secure solar energy contracts. The charges led to a $12.4 billion drop in Adani's net worth and sent Adani Group stock plummeting, sparking concerns about the company's financial stability and casting a shadow over its future in renewable energy.
Susie Wiles, a former lobbyist, has been appointed as Donald Trump's White House chief of staff. Wiles's history as a lobbyist, including representing foreign entities, has raised concerns about potential conflicts of interest. Despite this, she is praised for her political acumen and loyalty, leaving observers to speculate about the implications of her appointment for Trump's second term.
Bollywood actress Malaika Arora was recently seen with an unidentified man. The duo was spotted holding hands. This comes after Arora's public breakup with actor Arjun Kapoor. Arora was seen in a stylish white top and olive green pants. She carried a beige Loewe bag. The man wore a pink shirt and blue jeans.
A video of a manager reacting compassionately to her employee's resignation has gone viral, garnering praise for its empathetic leadership. The manager's celebration of the employee's new opportunity resonated with viewers, highlighting the impact of supportive work environments.
To combat Delhi's air pollution, the Indian Institute of Tropical Meteorology (IITM) is upgrading its stubble burning monitoring system. The new system will utilize Indian or Korean satellites that provide more frequent data, addressing the issue of farmers burning stubble later in the day to avoid detection by American satellites.
Following the Maharashtra assembly polls, Shiv Sena (UBT) MP Sanjay Raut projected a win for the opposition Maha Vikas Aghadi (MVA) with 160-165 seats. Raut expressed confidence in forming a stable government and announced a meeting of MVA leaders ahead of the vote counting on Saturday.
Gangster Lawrence Bishnoi's brother Anmol Bishnoi detained in US prison. Anmol Bishnoi applied for asylum in US. Mumbai police initiated extradition proceedings against him. Anmol Bishnoi accused in several high-profile cases. He is accused of providing arms in Sidhu Moosewala murder case.
Four people, including an Australian teenager and an American tourist, have died from suspected methanol poisoning in Vang Vieng, Laos. Several tourists fell ill after consuming tainted alcohol. A 19-year-old Australian woman died in a Thai hospital, while her friend remains hospitalized. Authorities suspect methanol-laced drinks are responsible and advise caution when consuming alcohol in Laos.
Vietnamese EV maker VinFast is considering Indian companies MEIL and Adani Group as potential partners for its electric car venture in India. VinFast is looking for a local partner to help navigate the Indian market and establish a supply chain. While discussions are ongoing, no final decisions have been made.
During his visit to Guyana, Indian Prime Minister Narendra Modi was honored with a dinner hosted by Guyanese President Mohamed Irfaan Ali. President Ali praised India's contributions to Guyana and the CARICOM region, highlighting their strong partnership. PM Modi also enjoyed cultural performances by the Guyanese community, showcasing their heritage through traditional Indian songs and dances.
The Aam Aadmi Party's (AAP) political affairs committee, led by Arvind Kejriwal, is set to convene on Thursday to reveal the initial roster of candidates for the Delhi Assembly elections scheduled for February. The party will prioritize candidates based on their performance, public image, and likelihood of victory.
Despite the soaring popularity of SUVs, Indian automakers are not abandoning sedans. Maruti and Honda have launched upgraded versions of their popular sedan models, emphasizing enhanced features and safety. Although the sedan market share has shrunk, companies like Volkswagen and Skoda see potential, introducing new models with SUV-like ground clearance.
The Kannada action drama film Bagheera, starring Srii Murali, premiered on Netflix. The film, directed by Dr. Suri and written by Prashanth Neel, was released in theaters on October 31. Bagheera has been a commercial success, earning Rs 31 crore globally. The film's release on Netflix marks a milestone as the first Kannada movie to secure global streaming rights.
Exit poll predictions for the state assembly elections sparked varied reactions across political parties. While some parties celebrated favourable forecasts, others questioned their accuracy, labelling them premature and unreflective of ground realities.
Australian captain Pat Cummins acknowledges the upcoming five-Test Border-Gavaskar Trophy against India will be a grueling contest. Despite the pressure of past losses to India, Cummins expresses confidence in his team's preparation. He emphasizes newcomer Nathan McSweeney should focus on his natural game and praises the talent of India's young all-rounder, Nitish Reddy.
Five people died and 15 others were injured when a truck and a double-decker bus collided on the Yamuna Expressway in Aligarh, India, early Thursday morning. The bus was en route from Delhi to Azamgarh when the accident occurred. Police attributed the cause of the crash to dense fog and the truck driver's attempt to overtake the bus.
Economist Swaminathan Aiyar suggests that the Congress-INDIA bloc might hold an advantage in the Jharkhand and Maharashtra assembly elections. While exit polls indicate a tight race, Aiyar believes the BJP-led NDA's chances are slightly better in Maharashtra. He cautions against relying solely on exit polls, citing their historical unreliability.
RBI Governor Shaktikanta Das underscored the importance of fiscal-monetary coordination in navigating India through global economic shocks. He highlighted India's success in managing inflation and supporting growth through effective supply management and structural reforms like GST and IBC. Das emphasized the RBI's proactive policy responses, including front-loaded rate hikes, to address inflation and support growth.
Indian Defence Minister Rajnath Singh attended the ASEAN Defence Ministers' Meeting in Laos. He highlighted India's commitment to dialogue and peaceful resolutions for international issues. Singh emphasized the importance of cooperation and adherence to international law for peace and stability in the Indo-Pacific region. He also acknowledged the strengthening ties between India and ASEAN.
The BJP and Samajwadi Party traded accusations of electoral misconduct during the Uttar Pradesh by-polls. The SP alleged voter intimidation and police interference, prompting an Election Commission investigation and disciplinary action against some officers. The BJP, in turn, claimed instances of fake voting and demanded a probe. Despite the allegations, Moradabad SSP Satpal Antil assured a fair election process.
A recent study published in the Journal of the American College of Cardiology found that prolonged sitting increases the risk of heart disease, even with regular physical activity. The study emphasises the importance of reducing sedentary behavior to mitigate health risks. Excessive sitting can lead to various health issues, including heart disease, diabetes, cancer, musculoskeletal problems, and mental health concerns.
A banana duct-taped to a wall sold for $6.2 million at a Sotheby's auction. Cryptocurrency entrepreneur Justin Sun bought the artwork titled 'Comedian'. The artwork was created by Italian conceptual artist Maurizio Cattelan. Sun purchased a certificate of authenticity from Cattelan. The document grants him the right to recreate the artwork.
Negotiations at the COP29 climate summit in Baku are struggling to reach a consensus on financial aid for developing nations facing climate change. A new draft proposal highlights the divide between developed and developing countries on the annual funding amount, eligible financial instruments, and contributor base, leaving the final sum undetermined.
Veteran Malayalam actor Meghanathan, renowned for his villainous roles, passed away at 60 after battling respiratory illness. Son of the late actor Balan K. Nair, Meghanathan debuted in 1983 and captivated audiences with his performances in over 50 films, including notable projects like Chenkol and Kooman. His impactful presence in Malayalam cinema will be deeply missed.