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Global Business / The Economic Times

SC grants bail to man who impersonated Amit Shah's nephew to con businessman

The Supreme Court granted bail to Ajay Kumar Nayyar, accused of impersonating Union Home Minister Amit Shah's nephew to cheat a businessman of Rs 3.9 crore. The court considered Nayyar's over four years in custody and the slow pace of the trial, with only the first witness's cross-examination ongoing after three years.

1 Dec 2025 7:54 pm
Baby stars shine bright: JWST detects unexpected ultraviolet glow

Astronomers using the James Webb Space Telescope have spotted high energy ultraviolet radiation around five infant stars, or protostars, in the Ophiuchus star forming area. These stars, still accumulating mass from surrounding molecular clouds, were not anticipated to emit UV radiation. Researchers found out that external sources like nearby massive stars were not responsible, indicating the radiation arrives internally.

1 Dec 2025 7:54 pm
Chennai school holiday: Check latest update amid heavy rains due to Cyclone Ditwah

Heavy rains have led to school and college holidays in Chennai, Tiruvallur, Chengalpet, and Kancheepuram districts on Tuesday. Anna University and Madras University have postponed their semester exams scheduled for the day. Continuous rainfall has been affecting Chennai and its surrounding areas since Monday morning.

1 Dec 2025 7:42 pm
New York City is finally getting its casinos? Here's a major development after 2013 constitutional amendment

In 2013, New York state voters authorized a constitutional amendment allowing up to seven casinos in the state, with up to three reserved for the New York City area.

1 Dec 2025 7:41 pm
ED raids against Maharashtra-based Trust, Yemeni national in FCRA case

The Enforcement Directorate conducted searches at multiple locations in Maharashtra. The action is part of an investigation into alleged Foreign Contribution Regulation Act violations by the Jamia Islamia Ishatul Uloom Trust. The Ministry of Home Affairs had previously cancelled the Trust's registration. The probe follows an FIR and chargesheet filed by local police.

1 Dec 2025 6:47 pm
Parliament Street protest case: Delhi court reserves order on bail pleas of 8 accused for December 2

The police arrested 17 accused in a case lodged at Parliament Street Police Station. The court has already granted bail to nine accused persons. They are accused of raising slogans and scuffling with the police.

1 Dec 2025 6:46 pm
Sydney Sweeney as Shreks Dragon? The friendsgiving glow-up we didnt expect

Sydney Sweeney gained massive online attention following the debut of her dramatic outfit inspired by the dragon from Shrek during a themed Friendsgiving. The actress shared images in a red metallic bodysuit, knee-high socks, long gloves, black stockings, heels, and dragon ears, even posing with a guest in a Donkey costume. She captioned the post as friendsgiving week.

1 Dec 2025 6:45 pm
Yunus rule marked by rehabilitation of Jamaat; Institutional capture by radicals and attacks on minorities: Report

Since August 2024, Bangladesh has seen a surge in extremism following the interim government's rise, marked by the lifting of bans on Jamaat-e-Islami and its affiliates. This has led to increased radicalization in universities, open mobilization of banned groups, and a rise in violence and discrimination against minorities, signaling a weakening of state control and secular identity.

1 Dec 2025 6:45 pm
Bitcoin price today drops to $85,000: Why Michael Saylor predicts BTC USD could reach $21 million in 21 years is it possible?

Bitcoin price today: Despite a recent Bitcoin price slide and widespread market fear, long-time proponent Michael Saylor forecasts a staggering $21 million per coin within two decades. This bold prediction hinges on a conservative 30% annual growth rate, supported by historical performance and increasing institutional adoption, though rising leverage poses risks.

1 Dec 2025 6:44 pm
TikTok creator Taylor money says investing, not spending, is the real path to growing wealth

A TikTok creator called Taylor Money says people should use money to grow more money, not just buy bigger things. His idea focuses on expansion, meaning investing in options that can earn higher returns. The story explains simple ways to invest, like real estate platforms, stock apps, and art investing, for people who want to build long-term wealth.

1 Dec 2025 6:43 pm
Abhishek Banerjee says he will contest from any seat TMC directs, dismisses Nandigram speculation

At an event at Maheshtala in his Diamond Harbour Lok Sabha constituency, the TMC national general secretary dismissed the debate as a manufactured flutter, turning the spotlight back on internal party discipline.

1 Dec 2025 6:40 pm
Gold price target: Gold rate prediction for 2026 is out. Details here

Gold price today: Gold rate climbed to their highest level in six weeks on Monday.

1 Dec 2025 6:40 pm
Indian Air Force evacuates 57 stranded people in Sri Lanka amid Cyclone Ditwah

India's Operation Sagar Bandhu continues to aid Sri Lanka after Cyclone Ditwah. Indian Air Force helicopters rescued 57 people, including children, from Irunguwatta to Matale. Additionally, 2.5 tons of rations were delivered to Keagalle. India has provided significant relief materials and deployed rescue teams to assist flood-affected families. Over 150 people have been rescued.

1 Dec 2025 6:36 pm
NYT Strands Hints December 1: Answers, Spangram and hints revealed for the Monday puzzle

NYT Strands is one of the newer additions to The New York Times growing digital Games collection. The puzzle presents players with a six-by-eight letter grid and challenges them to link adjacent letters to uncover several theme-based words tied to the days chosen topic.

1 Dec 2025 6:32 pm
Harsher winter ahead? IMD expects next cold wave spell in these regions from Dec 3 onwards

Central India and adjoining regions are forecast to experience normal to below-normal temperatures this winter, with an increased likelihood of cold wave conditions in several northern and central states. While most of the country anticipates normal to below-normal maximum temperatures, the western Himalayas and northeastern states may see above-normal highs. Weak La Nia conditions are expected to persist.

1 Dec 2025 6:24 pm
Global taxes, digital enforcement: How the international tax crackdown could quietly make your groceries cost more

Global tax enforcement is intensifying. This crackdown on corporate tax evasion could lead to increased costs for everyday consumers. Companies may pass on compliance expenses, impacting prices of packaged foods and online goods. India's import-heavy markets are particularly susceptible to these gradual price shifts. Shoppers might soon pay more for essentials without realizing the underlying cause.

1 Dec 2025 6:23 pm
Bangladesh court sentences former PM's sister, UK lawmaker

A Bangladesh court has sentenced Sheikh Rehana, sister of former premier Sheikh Hasina, to seven years in prison for corruption. Her daughter, British lawmaker Tulip Siddiq, received a two-year sentence in the same case involving plot grabbing. Hasina herself was previously sentenced to death and is in India.

1 Dec 2025 6:03 pm
Government borrowing in Budget: How it impacts fiscal deficit

What is government borrowing and how does it impact fiscal deficit? A key question ahead of the big day. As the Union Budget 2026 approaches, government borrowing and its impact on the fiscal deficit are under scrutiny. The Centre raises funds through securities to finance public expenditure, especially when revenues are low. Higher borrowing increases interest burdens, impacting future spending flexibility.

1 Dec 2025 6:02 pm
Seniors are drawn to medicare advantage perks But many go unused

Medicare Advantage plans remain to attract seniors with popular extras such as dental care, vision coverage, gym memberships, and even reimbursements for recreation equipment. Yet, several older adults rarely use these benefits. A Commonwealth Fund study discovered that although most beneficiaries consider supplemental perks important, almost 30% didnt use any in the past year, partly because several dont understand what their plans provide.

1 Dec 2025 6:01 pm
Social Security December 1 payments: Who receives a Social Security check today and why some SSI recipients will get two payments in December 2025?

Social Security check today: Millions receive their SSI payment today, December 1, 2025, with deposits of up to $967 for individuals and $1,450 for couples as scheduled. December also brings a second SSI payment on December 31 because January 1, 2026, is a federal holiday. This early release is not extra money. Dual-benefit recipients may receive three payments this month, making budgeting essential.

1 Dec 2025 5:55 pm
Social Security at 62 goes viral, and experts break down the risks

Social Security at 62 is trending online as some finfluencers say people should take the money early and invest it. Experts warn that waiting gives a higher, safer monthly check. The stock market can go up and down, but Social Security grows steadily. Many people still claim at 62 because they need money or worry about the programs future.

1 Dec 2025 5:49 pm
Congress to protest in Delhi on December 14 over SIR, alleged voter deletions

The All India Mahila Congress will protest alleged vote theft and electoral roll manipulation at Delhi's Ramlila Maidan on December 14. President Alka Lamba stated the Special Intensive Revision (SIR) is a conspiracy to remove non-BJP voters, particularly Dalits, tribals, and minorities. The party aims to hold the government accountable for its actions towards the Constitution and democracy.

1 Dec 2025 5:48 pm
Unilever to sell snack brand Graze to Candy Kittens owner Katjes

Unilever is selling its British snack brand Graze to Katjes International as part of a strategy to exit parts of its food business and focus on beauty and wellbeing. This move follows reports of Unilever considering the sale of other historic British food brands. The deal is anticipated to conclude in the first half of 2026.

1 Dec 2025 5:47 pm
All about Bayraktar Kizilelma, the game-changer Trkiyes UAV that shot down aircraft beyond visual range in a world's first

Turkey's Bayraktar Kizilelma uncrewed fighter jet achieved a historic first by successfully downing a jet-powered aircraft with a beyond-visual-range missile during test trials. This demonstration, utilizing domestic radar and targeting systems, establishes the drone as the world's first verified UAV with proven air-to-air combat capability.

1 Dec 2025 5:44 pm
NYT Connections Answer December 1: Crack todays hints & solution for puzzle #904

NYT Connections arranges 16 seemingly unrelated words on a 4x4 grid, challenging players to organise them into four themed categories. Each category is colour-coded from the easiest (yellow) to the most difficult (purple), and solvers are given only four chances to complete the puzzle

1 Dec 2025 5:42 pm
Mortgage rates today decline on December 1: Average 30-year fixed dips to 6.144% - is a bigger drop possible ahead of the Feds decision?

Mortgage rates today: Mortgage rates are experiencing a gradual decline, with the average 30-year fixed-rate conforming mortgage falling to 6.144%. This offers some relief to homebuyers and homeowners after months of elevated borrowing costs. While rates remain significantly higher than pandemic-era lows, recent easing is attributed to anticipated Fed rate cuts and moderating economic pressures.

1 Dec 2025 5:41 pm
UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

UK Prime Minister Keir Starmer defended Chancellor Rachel Reeves against opposition claims that she misled the public and markets before unveiling a tax-raising budget. Critics allege Reeves warned of major tax hikes despite already knowing public finances were improving. Reeves denies wrongdoing, saying the OBRs downgraded productivity forecast still created a significant budget gap.

1 Dec 2025 5:40 pm
Sri Lanka's Deputy Minister for Tourism thanks India for aid amid Ditwah havoc

India is actively assisting Sri Lanka after Cyclone Ditwah. The National Disaster Response Force is providing critical aid and recovering landslide casualties. Indian Air Force helicopters are conducting rescue missions, bringing stranded people to safety. Relief materials have reached Trincomalee, supporting ongoing efforts. Sri Lanka's Deputy Minister for Tourism expressed gratitude for India's support.

1 Dec 2025 5:36 pm
UK and US poised to agree zero-tariffs deal on pharmaceuticals, The Times says

The United Kingdom is set to finalize a significant pharmaceuticals agreement with the United States. This deal will eliminate import tariffs on medicines entering the US. Consequently, the National Health Service in the UK will see an increase in its spending on drugs. Industry sources indicate the UK government will adjust rebate rates and enhance cost-effectiveness measures for medicines.

1 Dec 2025 5:34 pm
'PM Modi himself is a dramatist': Congress' Adhir Ranjan Chowdhury hits back at 'drama' remark

Congress leader Adhir Ranjan Chowdhury criticised PM Modi's drama remark against the Opposition, saying the Prime Minister is himself a dramatist and that o one can compete with him in drama, responding sharply during the Parliament Winter Session.

1 Dec 2025 5:33 pm
Fadnavis govt set to turn 1: Infra, investment push and alliance balancing act take centrestage

Maharashtra's Mahayuti government marks one year in power. The coalition focused on infrastructure development and attracting investors. Challenges included internal coalition dynamics and opposition scrutiny. Key projects like metro rail and coastal road progressed. The government navigated controversies and community demands. Future plans include completing infrastructure and enhancing business ease. The opposition promises increased oversight.

1 Dec 2025 5:29 pm
PM-led panel to meet on Dec 10 to select chief information commissioner: Centre to SC

The Centre informed the Supreme Court that a panel led by Prime Minister Narendra Modi will meet on December 10 to select candidates for the Chief Information Commissioner and information commissioners. This comes amid a plea highlighting the severe backlog of cases due to vacant posts in the Central and State Information Commissions.

1 Dec 2025 5:27 pm
Supreme Court asks Centre to revisit action plan on Delhi-NCR air pollution

The Supreme Court has directed the Centre to re-examine its air pollution action plan for Delhi and the National Capital Region. The court wants to assess if the implemented measures have yielded effective results. It also emphasized the need to consider factors beyond stubble burning contributing to the pollution crisis.

1 Dec 2025 5:27 pm
Silver price today: Silver prices surge to $58/oz for the first time in history: why are silver prices breaking records - Is the silver rally strong or overbought?

Silver price today: Silver hit a record $57.86 and traded near $58 after a six-day, 15% rally, now up over 100% in 2025. Futures touched $58.60. Traders price an 88% chance of a December Fed rate cut as the dollar weakens. RSI above 80 signals overbought conditions, but targets stand at $58$60 with support at $56.45, $54.45, and $52.75.

1 Dec 2025 5:25 pm
India Budget 2026: Five key steps involved in Budget formation explained

India Budget 2026: Work on Budget 2026 has commenced, following a meticulous five-step process initiated by the Department of Economic Affairs. This involves pre-budget estimates, inter-ministerial consultations, Cabinet approval, and parliamentary presentation. The final approved budget then guides the implementation of national financial plans and schemes for the upcoming fiscal year.

1 Dec 2025 5:22 pm
Siddaramaiah terms latest National Herald FIR vendetta politics, claims institutions being weaponised against Oppn voices

Karnataka leaders condemn the National Herald case FIR. They label it vendetta politics and weaponisation of institutions. Congress leaders Sonia Gandhi and Rahul Gandhi face alleged harassment. This action is seen as an attack on democratic values.

1 Dec 2025 5:21 pm
Samantha Ruth Prabhu marries director Raj Nidimoru; here's net worth of the two stars

Actress Samantha Ruth Prabhu and director Raj Nidimoru have reportedly tied the knot in a private ceremony on December 1, 2025, at the Isha Yoga Centre in Coimbatore. The couple, who have collaborated on several projects, shared glimpses of their wedding on social media. This marks Samantha's second marriage and Raj's second marriage.

1 Dec 2025 5:21 pm
Maharashtra Dy CM Eknath Shinde acknowledges strain with CM Devendra Fadnavis, SEC postpones local body elections to December 20

Eknath Shinde admitted to a recent exchange of allegations with Chief Minister Devendra Fadnavis but said that local body elections should remain focused on grassroots issues and the work of party workers.

1 Dec 2025 5:17 pm
Airbus faces new quality problem on dozens of A320 jets, sources say

Airbus faces a production snag. A quality issue has been found with fuselage panels on several A320-family aircraft. This is causing some deliveries to be delayed. The problem has not yet affected planes already in service. Airbus is working hard to meet its yearly delivery goals. The company delivered 72 aircraft in November.

1 Dec 2025 4:57 pm
Clay County Bitcoin ATM scams hit 156 victims and $3 million can stolen crypto ever be recovered?

Clay County, Missouri, reports $3 million lost by 156 residents over two years to scams directing victims to crypto ATMs for untraceable Bitcoin purchases, often via fake jury duty or arrest threats. U.S. crypto kiosk fraud hit over $107 million in 2024, up 31%, with seniors and students increasingly targeted. Officials note transactions are hard to reverse. Cities like St. Paul plan bans on these machines due to poor compliance with anti-money laundering rules.

1 Dec 2025 4:54 pm
DRI, Customs seize 3,029 kg narcotics worth Rs 3,365 crore till October

During the period, about 260 kg of gold valued at over Rs 254 crore was also seized in 461 cases. In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary shared details of gold and narcotics seizure cases at airports and seaports by Customs field formations and the Directorate of Revenue Intelligence (DRI) from 2022-23 to 2025-26 (up to October 2025).

1 Dec 2025 4:34 pm
Rosa Parks Day: Refused to give her seat for whites; prompting an arrest, followed by 13 months boycott. How this single act transformed America

Rosa Parks bus arrest, the 381day Montgomery Bus Boycott, the Supreme Court decision in Browder v. Gayle, Parks own words and fate, and why this moment remains monumental in civil rights history.

1 Dec 2025 4:31 pm
PhD researcher in Ghaziabad loses Rs 49 lakh in forex trap after matching on matrimonial site

A Vaishali PhD scholar lost Rs 49 lakh in a forex trading scam. He met a woman on a matrimonial site who lured him into a fake investment scheme. The fraudsters used changing links and fabricated profits. The scam was revealed when he tried to withdraw his money. Police are investigating the case and tracing the accounts.

1 Dec 2025 4:28 pm
Eight terrorists slain, 5 pushed back as forces foiled every infiltration bid across LoC this year: BSF IG

Security forces have successfully prevented all terrorist infiltration attempts into Kashmir this year. Eight infiltrators were neutralized, and five were pushed back across the Line of Control. The Border Security Force, in coordination with the Army, maintained effective domination of the LoC.

1 Dec 2025 3:58 pm
Raksha Summit 2025: A post-event report on the industrys most defining conversations

Raksha Summit 2025 brought together leaders from insurance, hospitals, digital health and policy to address Indias most pressing health-benefits challenges. The conversations spotlighted medical inflation, fraud, data fragmentation and the urgent need for interoperability. The event also unveiled the BCGMedi Assist report, outlining a roadmap for transparency, AI-led controls and standardised processes. The Summit set the tone for a more accountable, member-first healthcare future.

1 Dec 2025 3:58 pm
Focus on niche areas: Vice Chief of Air Staff to private firms in defence sector

Vice Chief of Air Staff Air Marshal Narmdeshwar Tiwari urged the defence industry to focus on niche areas of strength rather than spreading too thin. He emphasized the need for big companies to act as integration houses and highlighted opportunities in next-generation weapons, AI, and man-unmanned teaming for future defence capabilities.

1 Dec 2025 3:57 pm
Nepal's new notes to be made in China, with a controversial map claiming Indian territories

Nepal's central bank has awarded a contract to China Bank Note Printing and Minting Corporation to design and print several denominations of its currency, including the NRs 1,000 note. The redesigned NRs 1,000 note will feature seven rhododendrons and the signature of the current governor.

1 Dec 2025 3:56 pm