News
Economy / The Economic Times
ChatGPT and Gemini down today? Here's when will both services be back up is the key query for many users as both platforms face issues. Users report slow responses, errors, and service failure. The outage began without notice. The report explains user concerns, status details, and expected recovery.
Korean consumer brands are expanding into India across alcohol, beauty, food, and cigarettes, leveraging the 'Korean Wave'. Jinro soju has partnered with Monika Alcobev, while beauty firms Cosmax and Amorepacific are establishing Indian operations. KT&G is increasing its cigarette presence, and Lotte Group plans significant investments, with K-beauty poised for substantial growth.
Is Chatgpt down right now? Downdetector shows popular artificial intelligence platform ChatGPT is facing an outage. User reports indicate widespread issues with the service. Over 12,000 people have reported problems on Downdetector. The majority of these issues are linked to ChatGPT. Users are experiencing lag, timeouts, and app crashes. OpenAI has not yet provided an update on the situation.
People taking statins for high cholesterol can enjoy many foods in moderation. Dietitians recommend limiting processed meats, sugary desserts, and sweet drinks. Grapefruit and its juice are the only items to completely avoid. Focusing on fruits, vegetables, beans, nuts, and fatty fish supports statin effectiveness. This balanced approach helps manage cholesterol effectively.
Global advertising giant Omnicom has restructured its Indian operations. Multiple agency brands are being retired, and leadership teams are reshuffled following a merger with IPG. The consolidated creative business will operate as Omnicom Advertising, and the media practice as Omnicom Media. This move aims to streamline operations and enhance competitiveness in the Indian market.
French distiller Pernod Ricard anticipates India will soon be its top global market, overtaking the United States. This growth is fueled by increasing incomes and a preference for premium alcohol among young Indian consumers. The company is focusing on high-growth premium brands and introducing new locally-developed products to capture this expanding market.
Indian content is experiencing unprecedented global reach through streaming platforms, with nearly 25% of viewership now originating overseas. This surge, fueled by subtitles and dubbing, marks a significant turning point for India's media and entertainment economy, expanding its cultural influence worldwide. Industry leaders emphasize the need for regulatory reforms to sustain this momentum and protect intellectual property.
The BJP has refuted opposition claims that the Sanchar Saathi app is for government snooping, asserting its purpose is to enhance user safety against fraud and crime. The app aims to prevent IMEI duplication, track stolen phones, and identify fraudulent activities, with users having the discretion to install or delete it.
Opposition parties have strongly criticized the Centre's decision to preinstall the Sanchar Saathi app on new mobile phones. Leaders from Congress, Trinamool, CPI(M), and RSP have voiced concerns, calling it a move towards a surveillance state and a violation of citizens' privacy. They demand the government withdraw the proposal, citing concerns about snooping and potential misuse of personal data.
WWE World Heavyweight Champion CM Punk announced the passing of his beloved rescue dog, Larry, after nearly a decade together. Punk shared an emotional tribute on Instagram, highlighting their deep bond and the profound grief of his loss. Larry was a recognizable figure to fans, often referenced by Punk and even making a memorable appearance at AEW All Out 2022.
The government is preparing for the upcoming digital census. The Registrar General and Census Commissioner are finalizing the questionnaire. Primary school teachers will likely be appointed as enumerators. The timeline for Census 2027 remains consistent with previous practices. This digital census aims to gather crucial demographic data for the nation.
The Delhi High Court has permitted Dr Reddy's Laboratories to produce and export its version of the diabetes and anti-obesity drug semaglutide. This decision comes amidst a patent infringement case filed by Novo Nordisk. Dr Reddy's is restricted from selling the drug within India until March 2026. The court acknowledged a valid challenge to Novo Nordisk's patent for semaglutide.
Lava and AI+ plus, helmed by former Realme executive Madhav Seth, welcomed the priority being given to cyber security. But the overseas companies will find it difficult to implement the decision as preloading of apps involves commercial arrangements and not government mandates, executives said.
The Centre is finalizing an amendment bill to officially declare Amaravati as Andhra Pradesh's capital, fulfilling a key demand of CM N Chandrababu Naidu. This move aims to provide legal sanctity to Amaravati, preventing future attempts to shift the capital. The amendment to the Andhra Pradesh Reorganisation Act is expected to be expedited after receiving the law ministry's nod.
Airbus has identified a quality issue affecting metal panels on its A320 passenger jets, though the problem is contained. The European plane-maker is inspecting potentially impacted aircraft, with newly produced panels conforming to requirements. This follows a separate incident requiring a software upgrade for thousands of A320 planes after a US flight encountered control issues.
Researchers from the University of Leipzig and Shandong University have recognized GPR133, a receptor in bone-forming cells, as significant for bone strength. In mouse studies, activating GPR133 with AP503 elevated bone density, even reversing osteoporosis-like symptoms. Additional findings are a blood-based regenerative implant and a hormone named MBH, both bringing stronger bones. This research illustrates the potential to restore or improve bone strength naturally, providing alternatives to c
India's Nayara Energy significantly boosted fuel exports in November. The refiner shipped double the previous month's volume to new markets like the Bahamas and Taiwan. Nearly a third of these exports went through ship-to-ship transfer hubs, a common practice to obscure final destinations. This surge follows EU sanctions, with Nayara now relying heavily on Russian crude imports.
The Supreme Court questioned the extent to which laws can be stretched to accommodate illegal immigrants, citing India's sensitive border issues. Chief Justice of India Surya Kant remarked on the potential for immigrants to receive benefits like food, shelter, and education, questioning if this is at the expense of India's poor children.
Scandinavian fitness is increasingly receiving traction in the U.S., inspired by Nordic sports, wellness traditions, and minimalist lifestyle concepts. From cross-country skiing workouts at Nrthrn Strong in New York City to Nordic walking, sauna practices, and outdoor exercise in cold weather, Americans are adopting routines long popular in Denmark, Sweden, Norway, and Finland. Experts state that these activities combine strength, endurance, and holistic health advantages.
Green Gold Animation, the studio behind Chhota Bheem, plans a significant expansion. They are seeking 250 crore funding at an 800 crore valuation. This investment will fuel the creation of new intellectual properties and boost animation production capacity. The company is also open to a change in ownership to support long-term growth.
The Supreme Court has ordered the Arunachal Pradesh government to provide details of public works contracts. These contracts are linked to Chief Minister Pema Khandu and his relatives. The court is examining allegations of cartelisation in tender processes. The state must submit a comprehensive affidavit detailing these contracts across all districts. The next hearing is scheduled for February.
Michael Jordan's racing team, 23XI Racing, and Front Row Motorsports are in federal court suing NASCAR. They allege antitrust violations and monopoly practices. This legal battle could significantly alter the landscape of motorsports in the United States. The trial is expected to reveal sensitive information about NASCAR's finances and internal communications.
BofA crypto portfolio allocation: Bank of America is now guiding its wealth clients to consider a 1%-4% allocation to digital assets, a significant shift. Starting January 5, strategists will formally cover four major Bitcoin ETFs. This move acknowledges growing client demand and positions crypto for innovation-focused investors, while emphasizing regulated vehicles and risk understanding.
The rise of micro-drama content in India is nothing short of astounding, captivating over 73 million viewers in just under a year. This explosive growth is fueled by an audience that prioritizes mobile viewingspanning housewives, busy commuters, Gen Z, and Gen Alpha.
In a significant move toward enhancing national defense, JSW Group has dedicated $90 million to set up a manufacturing plant for military drones in India. Teaming up with Shield AI from the United States, they will create the advanced V-BAT unmanned aerial systems.
Red Dead Redemption and its expansion Undead Nightmare are now available on mobile for Netflix subscribers. Upgraded versions are also released for PlayStation 5, Xbox Series X|S, and Nintendo Switch 2. Existing owners on PS4, Xbox One, and the original Nintendo Switch can get free digital upgrades. These enhanced versions offer improved performance and visuals.
Coffee has been a daily habit in Britain for centuries. Modern science reveals its benefits for attention and mood. Studies suggest coffee may lower the risk of Alzheimer's and Parkinson's. However, excessive consumption can lead to anxiety and sleep disturbances. Experts recommend moderate intake for optimal brain health.
Negotiators for EU member states, the European Parliament and the European Commission are set to meet Tuesday evening in Brussels to finalise a regulation setting a phaseout date for Russian gas imports. The measure, proposed in June, is aimed at strengthening EU energy security after Russia's invasion of Ukraine and Moscow's subsequent curbs on gas flows to the bloc.
Flight check-in systems at various airports experienced disruptions on Tuesday evening. Air India and other airlines faced delays due to a third-party system issue. The problem lasted for about 45 minutes. Airport teams worked to restore normal operations. The system was fully restored, and flights are now operating as per schedule.
India is actively working to lessen the effects of the US tariff increase on its exports. The government is launching an export promotion mission to boost trade diversification and resilience. Measures include engaging with the US for a trade agreement, providing immediate relief through RBI measures, and announcing a credit guarantee scheme for exporters.
The Income Tax Department conducted searches at over 30 locations linked to the Ramee Group of Hotels. This action is part of an investigation into suspected tax evasion. The hospitality group operates numerous properties across India and the Middle East. Officials are examining the group's financial records and transactions.
The Supreme Court has urged the Election Commission of India to consider extending the deadline for Kerala's electoral roll revision forms, citing the ongoing local body elections. The bench suggested the poll body grant more time for officers involved in election duties to upload forms, deeming the request just and fair for consideration.
Indian seafood exports saw a strong rise in the first seven months of FY26. Shipments to the European Union, China, Vietnam, Russia, and the United Kingdom surged. This growth helped compensate for reduced exports to the United States. The European Union saw a substantial increase in seafood value. Russia also increased its imports from India.
In an unexpected move, India has expressed its dissatisfaction with the diplomatic community. The ambassadors from Britain, France, and Germany collaborated on a thought-provoking op-ed, released just days before President Putin's upcoming visit. Senior diplomats have labeled this joint statement as an atypical and unacceptable breach of diplomatic norms.
Lok Sabha is set to resume smoothly after the government and Opposition agreed to discuss electoral reforms and Vande Mataram next week. Following protests over the SIR issue, Speaker Om Birla brokered a compromise, allocating 10 hours for each debate. Prime Minister Modi will initiate the Vande Mataram discussion on Monday, followed by electoral reforms on Tuesday.
In a surprising turn of events, the TADA court in Jammu has granted freedom to Shafat Ahmed Shangloo, who had been detained by the CBI over the notorious 1989 abduction of Rubaiyya Sayeed. The court cited insufficient evidence to justify keeping him behind bars.
The government has expanded the definition of small companies. This change allows more businesses to benefit from easier compliance rules and quicker merger processes. Companies with paid-up capital up to 10 crore and turnover up to 100 crore now qualify. These new rules aim to boost ease of doing business in India.
A parliamentary panel urges the government to establish special fast-track courts and bolster the National Company Law Tribunal. This aims to clear a massive backlog of insolvency cases and speed up company rescues. The committee also proposed an advance ruling system for greater certainty. These measures are expected to improve the resolution process and protect creditor interests.
IL&FS headquarters in BKC may see a 25% price increase. The NCLT allowed a valuation revision due to Mumbai's real estate growth. Brookfield's subsidiary Chronos must renew its performance guarantee within 30 days. This follows a dispute over the original bid terms from 2022. New valuations could reach 2,000-2,500 crore.
India is set to launch a major initiative to boost domestic production of rare earth permanent magnets. Bids for manufacturing facilities will be invited by January under a 7,280-crore incentive scheme. This move aims to achieve self-reliance in a sector crucial for electric vehicles, renewable energy, and defence.
Indian banks are boosting lending to higher-yield loans. This strategy aims to safeguard profit margins in a favorable credit market. Recent data shows an increase in the average lending rate on new loans. This trend helps banks maintain their net interest margins. Banks are also lending more to individuals and smaller businesses.
India's economy is poised for strong growth, projected to exceed 7% in fiscal 2026. The Ficci president highlights reforms and macro fundamentals driving this expansion. A key goal is boosting manufacturing's contribution to GDP. Discussions also cover budget expectations, including increased capital outlay for defence and electronics, and support for exports.
India's naval prowess is on the verge of a significant upgrade. The INS Aridaman, equipped with nuclear missile capabilities, is completing its final evaluation and will soon become part of the naval fleet. In addition, the nation is investing in the development of new nuclear-powered submarines while also acquiring more conventional ones.
The chewing water technique encourages taking small sips and letting water sit briefly in the mouth before swallowing. Experts say this slow-sipping approach may support smoother digestion, better hydration efficiency, and reduced discomfort compared to gulping water quickly. While early research highlights the role of saliva in preparing the digestive system, more studies are needed to confirm the techniques full benefits.
Market watchers anticipate the Reserve Bank of India will adjust its economic forecasts this Friday. Expectations are for a higher growth projection and a lower inflation estimate for the fiscal year 2026. This comes after stronger than anticipated GDP figures and moderating inflation. Analysts foresee a significant drop in inflation projections. Growth forecasts are also expected to be revised upwards.
Bonnaroo 2026 announces its return with headliners Skrillex, The Strokes, RFS DU SOL, and Noah Kahan, aiming to rebuild trust after last year's cancellation due to flooding. The festival features a slimmer Thursday lineup and a star-packed weekend, with Kesha curating the SuperJam and Weird Al Yankovic returning for a late-night show.
National Highways Authority of India and Reliance Jio are partnering to launch a new safety alert system. Jio users on national highways will receive advance warnings on their phones. These alerts will cover accident-prone areas, stray cattle zones, fog-affected regions, and emergency diversions. This initiative aims to enhance road safety across India's vast highway network.
Public sector banks adhere to data protection guidelines. Unclaimed deposits in banks have reached Rs 67,004 crore. The government is managing debt sustainability by adjusting expenditure and non-debt receipts. Over 6,300 startups have closed this year. Renewable energy projects are progressing, with significant letters of award issued. The specialty steel PLI scheme is on track.

13 C