Severe floods triggered by cyclones and monsoon rains have killed more than 1,300 people across South and Southeast Asia and caused economic losses of at least $20 billion.

India and Russia are chasing a $100 billion trade goal, but India is staring at a $60 billion trade deficit driven largely by Russian oil.

The Indian rupee hit a historic low, crossing 90 per US dollar in early trade. Here’s what’s behind the slide: weaker capital inflows, strong importer demand for dollars, rising hedging, and shifting

Meesho, one of India’s fastest-growing value e-commerce companies, is set for a major market debut with a ₹5,421 crore IPO. Backed by SoftBank, the issue opens on December 3

Business Standard BFSI Insight Summit brought together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, insurance companies and more

IndiGo told the DGCA that flight disruptions may continue as the airline grapples with planning gaps and pilot shortages linked to FDTL rules. It will cut flights from December 8 to stabilise ops

indigo airlines, indigo

Business Standard

On the downside, gold prices, WGC said, can slip 5 per cent to 20 per cent in CY26. For that to happen, Donald Trump's policies need to succeed, resulting in stronger-than-expected growth.

market rally, gold

Investors should diversify, as we don't know what the world will look like in five years. Markets valuations are sky-high, but the economic reality for ordinary people is not good, Faber said.

Marc Faber

US travellers who turn up at airports without a REAL ID will soon have the option to pay a $45 fee for a quicker digital identity check under TSA's new Confirm ID process starting February

American Airlines

Bloomberg

City records average AQI of 333; falling temperatures, and lower wind speed hinder dispersion of pollutants

Smog, Delhi Pollution, Delhi Air Quality, Pollution

Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.

NSE, Markets

A Navy admiral told lawmakers Thursday that there was no kill them all order from Defence Secretary Pete Hegseth as Congress scrutinises an attack that killed two survivors of an initial strike on an alleged drug boat in international waters near Venezuela.
Adm Frank Mitch Bradley "was very clear that he was given no such order, to give no quarter or to kill them all. He was given an order that, of course, was written down in great detail, said Sen Tom Cotton, who heads the Senate Intelligence Committee, as he exited a classified briefing.
Cotton defended the attack, but a Democrat who also was briefed said that while there was no kill them all order from Hegseth, he was still deeply concerned by video of the second strike.
What I saw in that room was one of the most troubling things I've seen in my time in public service, Connecticut Rep Jim Himes, the top Democrat on the House Intelligence Committee, told reporters. You have two individuals in clear distress without any means of .

U.S. Navy Admiral Frank "Mitch" Bradley departs the U.S. Capitol following congressional briefings on Capitol Hill in Washington, D.C., U.S., December 4, 2025 |  REUTERS

Press Trust of India

The US Treasury Department has imposed a USD 7.1 million fine on a New York-based property management firm, accusing it of violating sanctions by managing luxury real estate properties for oligarch Oleg Deripaska, who has close ties to Russian President Vladimir Putin.
Treasury's Office of Foreign Assets Control said Gracetown Inc. had received 24 payments between April 2018 and May 2020 totaling USD 31,250 on behalf of a company owned by Deripaska. OFAC says it gave Gracetown notice that dealings with Deripaska were prohibited, but the firm proceeded anyway.
Justice Department filings from 2022 connect Gracetown Inc. with UK businessman Graham Bonham-Carter, who was arrested in October 2022 for conspiracy to violate US sanctions imposed on Deripaska as well as for wire fraud connected to funding Deripaska's US properties and efforts to expatriate the oligarch's artwork to New York.
A lawyer who has represented Deripaska previously didn't immediately respond to a request for comment

gavel

The New York Times has filed a lawsuit against the Pentagon, attempting to overturn new rules imposed by Defence Secretary Pete Hegseth that have led to most mainstream media outlets being banished from the building.
The newspaper said the rules violate the Constitution's freedom of speech and due process provisions, since they give Hegseth the power to determine on his own whether a reporter should be banned. Outlets such as the Times walked out of the Pentagon rather than agree to the rules as a condition for getting a press credential.
The Pentagon press room now includes mostly conservative outlets that agreed to the rules, and representatives from those organisations participated Tuesday in a briefing with Hegseth's press secretary.
The policy is an attempt to exert control over reporting the government dislikes, said Charles Stadtlander, spokesman for the Times. The newspaper filed the case with the U.S. District Court in Washington on Thursday.
The Pentagon had no immediate 

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US Navy admiral denies 'kill all' order amid probe on Venezuela boat strike

US Treasury fines NY firm $7.1 mn for managing properties for Putin ally

New York Times sues Pentagon over Defence Secy Pete Hegseth's media rules

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IndiGo warns of more cancellations, full operations restored only by Feb 10

Gold price forecast 2026: WGC sees up to 30% rise amid flight to safety

Investors unlikely to make much money in India next year: Marc Faber

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