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Global Business / The Economic Times
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.
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.
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.
Cathie Wood warns the real risk in 2026 is a rate-hike shock, not an AI bubble. She expects the Fed to shift from cuts to hikes as productivity rises. That turn could hit high-growth AI stocks hard. Debt-heavy companies face the most strain. Oracle stands out with soaring borrowing needs and rising credit stress. Meta, Alphabet, Amazon, and Microsoft also face pressure as refinancing costs climb.
Bitcoin price today: Bitcoin surged past $91,000 on Tuesday, marking a significant daily gain. This rally was fueled by the liquidation of over $157 million in Bitcoin short positions. Trading volume doubled, reaching $92 billion. Major financial institutions like Bank of America are now recommending Bitcoin allocations, signaling growing institutional confidence in the cryptocurrency market.
Trump has repeatedly said he wants to end the war, but his efforts - including an August summit with Putin in Alaska and meetings with Ukrainian President Volodymyr Zelenskyy - have yet to deliver progress. A leaked set of 28 U.S. draft proposals last week alarmed Ukrainian and European officials, who said the plan conceded too much to Moscow on NATO expansion, territorial control, and limits on Ukraine's military.
Russian President Vladimir Putin declared Russia is prepared for war if Europe chooses conflict. He accused European leaders of attempting to derail peace efforts for Ukraine. US envoys are in Moscow for crucial talks to end the nearly four-year war. Putin claims European changes to a US peace plan aim to block the process.
Christmas in the United States is a special time when many people travel to enjoy lights, music, and holiday fun. Every place has its own style, from busy cities to warm beaches. These locations offer skating, markets, theme parks, and beautiful decorations. It is the season when people look for joy, new experiences, and a festive holiday trip.
Mega Lucario Z, a new Z Mega Evolution in Pokmon Legends: Z-A Mega Dimension, debuts with a full-body aura cloak for enhanced defense and agility. This evolution allows for faster moves but consumes Mega Power quickly, favoring decisive victories. Trainers can now experience a more strategic, aggressive battle style when the DLC launches on December 10, 2025.
Top heart doctors share the simple breakfasts they trust for better heart health. They explain why a good morning meal can support energy, lower bad cholesterol, and help long-term wellness. From protein wraps to chia pudding and whole-grain choices, these ideas show how small daily habits can make your heart stronger.
Amazon stock jumps after AWS unveils its in-house AI chip, Trainium3. The company claims it is 4.4x faster than its previous generation. Energy efficiency improves fourfold, while memory bandwidth gets a major boost. Each UltraServer can hold up to 144 chips. Early tests suggest AI training costs drop up to 50% versus Nvidia GPUs. Investors cheered the news, pushing AMZN shares higher. Trainium3 promises faster, cheaper AI model training and inference.
December Cold Moon: The year concludes under the influence of a rare and potent celestial phenomenon the December Supermoon, also referred to as the Super Full Moon in Gemini. Set to occur on December 4,
India is providing extensive aid to Sri Lanka after Cyclone Ditwah. The Indian Air Force airlifted a field hospital and relief supplies. The Indian Army deployed a special task force. Naval ships also delivered essential materials. These efforts aim to restore services and support affected families in Sri Lanka.
An independent review of more than 400 studies confirms that the U.S. policy of providing the hepatitis B vaccine to newborns has reduced childhood infections by over 95%. Since its 1991 implementation, the birth-dose approach has prevented more than 6 million infections and almost 1 million hospitalizations. The CDCs advisory panel, recently reorganized by health secretary Robert F. Kennedy Jr., will vote on the policy this week.
Homeland Security Secretary Kristi Noem is calling for a complete travel ban on nations she claims are sending dangerous individuals to the United States. This announcement follows an incident in Washington D.C. involving an Afghan immigrant. Noem stated her recommendation to President Trump, expressing strong views on immigration and national security.
The Indian Navy has extended its Maritime Capability Perspective Plan (MCPP) deadline to 2032 due to various constraints, including budgetary limitations. Vice Admiral Sameer Saxena stated that while shipbuilding has become more efficient, achieving the original ambitious numbers was challenging. The Navy is focused on indigenisation, aiming for 100% by 2047, and is strategically positioned in the Indian Ocean region.
The Indian rupee has hit an all-time low against the US dollar. Former Niti Aayog Vice Chairman Rajiv Kumar stated this depreciation is beneficial for the economy. It boosts labour-intensive exports from India. This also increases foreign exchange earnings. Furthermore, it generates more jobs for the country. Kumar urged discarding the 'strong rupee' narrative.
INTC stock: Intel shares are soaring, nearing their yearly peak. This rise is fueled by government and partner investments, a return to profits, and a strong focus on artificial intelligence. Recent speculation about Apple becoming a foundry customer has further boosted the stock. An expansion in Malaysia also strengthens Intel's global manufacturing capabilities for advanced chips.
The Forbes Under 30 class of 2026 highlights young entrepreneurs using new ideas and AI to shape the future. The list shows how fast industries are changing and how young talent is leading the way. With thousands applying each year, only the strongest founders make it. The new class reflects big trends, big ambitions and big impact.
Global imports worth $2,640 billion were impacted by tariffs and trade measures between mid-October 2024 and 2025, a significant increase from the previous period. The WTO noted a rise in protectionism, with nearly a fifth of world imports now affected by such measures.
Full House icon Dave Coulier appeared on NBCs Today and disclosed that he has been diagnosed with tongue cancer, just months following beating Stage 3 non-Hodgkin lymphoma. He informed fans that the new diagnosis carries a 90% curability rate and is Totally unrelated to the previous cancer that I had. Coulier described that a PET scan detected P16 squamous carcinoma, a type associated with HPV.
The 14th edition of Joint Military Exercise EKUVERIN between the Indian Army and the Maldives National Defence Force began on Tuesday, running until December 15, 2025. This two-week exercise, involving 45 personnel from each side, aims to enhance interoperability in counter-insurgency and counter-terrorism operations, reflecting the strong defence partnership between the two nations.
India rejected Pakistan's claim that New Delhi delayed overflight clearance for humanitarian aid to Sri Lanka, saying the request was approved within hours. Pakistan alleged India tried to block the flight, while social media questioned expiry dates on Pakistan's relief packages. Meanwhile, Sri Lanka continues battling severe cyclone damage.
Usha Vance again appeared without her wedding ring. This comes days after she addressed rumors about her marriage. She joined Melania Trump at Joint Base Andrews. They met military families and assembled holiday care packages. Vance was previously seen without her ring in November. Her representative dismissed rumors, citing her busy life as a mother.
Indias Union Budget 2026 Date: India's Union Budget for 2026-27 is anticipated on February 1, 2026. The economy shows strong growth prospects, supported by ongoing reforms. Key initiatives like GST reforms 2.0 are simplifying the tax structure. These measures aim to boost efficiency and transparency. The budget will outline fiscal priorities for the nation's economic journey.
Elon Musk warned on X that a major war is inevitable in 5 to 10 years, triggering huge online speculation as users asked his AI Grok to identify likely flashpoints. He gave no region or evidence. Analysts note rising U.S.China tensions, the Ukraine conflict, and nuclear risks, but say no data confirms his timeline. The comment fueled global anxiety.
Aadhaar authentication transactions reached a new high of 231 crore in November 2025, an 8.47% increase year-on-year. This surge, driven by face authentication and e-KYC services, highlights Aadhaar's growing role in accessing services and the expansion of India's digital economy.
India has achieved a significant milestone in defence capability. The Defence Research and Development Organisation successfully tested a fighter aircraft escape system at high speed. This complex dynamic test validates critical components for pilot safety. The successful trial places India among nations with advanced in-house escape system testing. This achievement boosts India's self-reliance in defence.
SoftBanks Masayoshi Son said he felt very sad after selling all of the companys Nvidia shares. He said he respects Nvidia and did not want to let the stock go. Son explained he needed money for big AI investments, especially in OpenAI. He also believes super intelligence will shape the future and grow the world economy.
Defence Minister Rajnath Singh stated Operation Sindoor demonstrates India's firm response to those who disregard peace, likening it to Sardar Vallabhbhai Patel's resolve. He highlighted Patel's role in preventing public funds from being used for the Babri Masjid, contrasting it with the Somnath Temple's restoration.
Jurassic World, directed by Colin Trevorrow and starring Chris Pratt and Bryce Dallas Howard, reinvents the legendary dinosaur theme park on Isla Nublar. Visitors marvel at brachiosaurs, raptors, and mosasaurs, while the park management makes the Indominus Rex, a genetically modified,bigger, and more aggressive dinosaur, to increase visitor turnout. Chaos erupts when the creature escapes, and Owen Grady, a raptor trainer, along with the park executive Claire Dearing, must contain the threat whil
US stock market edged higher today as the Dow rose 0.05% to 47,315, the S&P 500 gained 0.32% to 6,834, and the Nasdaq jumped 0.79% to 23,459. Bitcoin steadied above $89,000 after Mondays sharp drop. Nvidia climbed nearly 3% and led tech sentiment, while traders looked for signs of a year-end rebound after a shaky start to December.
Pakistan and China have commenced their ninth annual counter-terrorism exercise, Warrior-IX, in Khyber Pakhtunkhwa. The drills aim to enhance interoperability, defense cooperation, and counter-terrorism skills between the two armies. This exercise underscores the strong bond and shared commitment to regional peace and security.
Defense Secretary Pete Hegseth faces serious allegations. Sources suggest he ordered a strike that killed survivors of an earlier attack. This action could lead to war crime or murder investigations for Hegseth and the entire command chain. Experts and lawmakers are calling for scrutiny. The Pentagon maintains the strikes are legal against alleged terrorists.
Social Security: U.S. Department of the Treasury plans to launch Trump Accounts on July 4, 2026.

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