May 15, 2026

spending

‘Why spend money on diyas’: SP chief Akhilesh Yadav questions Deepotsav spending; BJP hits back ahead of Ayodhya celebrations | Lucknow News

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Samajwadi Party chief Akhilesh Yadav’s criticism of the government’s expenditure on diyas for Ayodhya’s Deepotsav sparked a political row, with the BJP accusing the SP of opposing Hindu sentiments NEW DELHI: On the eve of Ayodhya’s grand Deepotsav celebrations, Samajwadi Party (SP) chief Akhilesh Yadav triggered a political storm by questioning the Yogi Adityanath-led government’s…

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Dezhou man scandal: Lottery winner’s lavish spending on live-streamers sparks outrage | World News

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A man from Dezhou, Shandong province has captured the attention of social media and news outlets across China after winning a 10.17 million yuan (US$1.4 million) lottery in December 2024 and reportedly spending a large portion of his winnings on gambling and female live-streamers, leaving his wife with nothing. The scandal has sparked outrage online,…

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ChatGPT-maker OpenAI can’t stop spending, ties up with Broadcom for AI chips; but why analysts are not pleased

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OpenAI, the maker of ChatGPT, has announced a new partnership with chip giant Broadcom to design and build specialized computer processors for artificial intelligence, marking its latest move in a series of high-profile deals. The collaboration follows recent agreements with Nvidia and AMD to supply computer chips, as OpenAI seeks to bolster its infrastructure to…

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Intel’s fired CEO Pat Gelsinger cautions on AI spending: We have seen this before and …

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Intel’s fired CEO Pat Gelsinger has cautioned that the ongoing surge in artificial intelligence (AI) spending resembles the early days of the internet boom. Speaking with The Business of Platforms Network earlier this month, Gelsinger said: “We’ve seen this before”, adding “Look at all the optical companies in the early days of the internet. Everything…

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New cars, electronics & more! GST 2.0 and festive season boosts rural spending; what people are buying this Navratri

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This Navratri, rural India is spending more on cars, motorcycles, televisions, beauty products, and premium watches, with several categories outpacing pre-GST sales figures.The trend signals a strong revival in entry-level demand following the overhaul of the goods and services tax (GST). More vehicles sold in rural India Automakers like Maruti Suzuki, Hyundai and Tata Motors…

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Lollapalooza effect! India’s consumption spending set to soar: Policy trifecta of GST, tax, and rate cuts to fuel Rs 3 lakh crore surge

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India is poised for a significant boost in consumer spending as GST rate reductions come into effect from Navratri, alongside income tax relief and lower interest rates from the RBI.Analysts are calling this a “Lollapalooza effect”, a rare policy combination expected to create a multiplier impact across consumption-linked sectors, influence spending habits, and generate opportunities…

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Aditya Narayan confesses sudden fame at 18 gave him big ego: ‘I never saved a penny, was spending Rs 75,000 every month’ |

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Aditya Narayan, son of legendary singer Udit Narayan, started as a child artiste, performed globally with the Little Wonders troupe, and became a taxpayer at just seven. His rise in the entertainment industry came fast, and so did the lessons. Sudden fame, big money, and ego In a recent chat with Bharti Singh and Haarsh…

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Fiscal discipline crucial for growth; states to prioritise quality spending: RBI governor

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Emphasising the role of fiscal discipline in fostering economic growth and prosperity, RBI Governor Sanjay Malhotra on Thursday urged states to focus on the quality of expenditure and exercise prudence in off-budget borrowings.Speaking at the 35th Conference of State Finance Secretaries, themed ‘Journey towards Economic Prosperity through the Path of Fiscal Consolidation’, Malhotra highlighted the…

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US retail sales rise despite Trump tariffs: August growth beats estimates; consumer spending cushions economy

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Retail spending in the US exceeded expectations in August, rising 0.6 percent month-on-month, government data showed on Tuesday, even as President Donald Trump’s tariffs continue to impact the global trade environment. On a year-on-year basis, retail sales climbed 5 percent.The Commerce Department data highlighted that motor vehicle and parts dealers saw a 0.5 percent increase…

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Gucci, Balenciaga hacked: 7.4 million customer’s names, address, spending records stolen by cybercriminals

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French luxury conglomerate Kering confirmed Monday that hackers accessed customer data from several of its high-end brands, including Gucci, Balenciaga, and Alexander McQueen, potentially affecting 7.4 million customers worldwide. The cybercriminals, identified as the notorious ShinyHunters group, stole names, email addresses, phone numbers, home addresses, and detailed spending records showing individual purchase amounts ranging from…

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