India was the 5th largest economy last year ahead of the UK, now is 6th
Economy grew 9% in rupee terms, while the rupee fell nearly 10% against the dollar
Ranking dropped as the gap with the UK is just $80B, one bad rupee year erased an entire year of growth
🚨 RBI is Planning Bank Account Portability
You May Be Able To Switch Your Account Between Banks Without Changing Account Number
This Could Be a Major Reform in Banking Sector
Will Force Banks To Provide Better Services
Your alarm goes off at 6 AM. There's an email from "Oracle Leadership." You've never gotten a message from that sender before. It says your job is gone, today is your last day, and severance details will arrive by DocuSign. By the time you finish reading, your company laptop is already locked.
This happened to up to 30,000 Oracle employees this morning. Oracle reported $17.2 billion in revenue last quarter, its best in 15 years. And it still fired nearly 1 in 5 of its people. The stock went up 6% today.
Oracle owes over $108 billion. The company signed a $156 billion deal to build AI data centers over five years, mostly for OpenAI (the company behind ChatGPT). That requires buying roughly 3 million specialized computer chips. Two years ago, Oracle spent $6.9 billion a year on this kind of construction. This year it's $50 billion.
The 30,000 people who got that email are funding the gap. Investment bank TD Cowen estimates the layoffs will free up $8 to $10 billion in cash flow, money going straight into chips and construction. Oracle filed a $2.1 billion restructuring plan with regulators in March, and nearly $1 billion had already been spent before the emails went out.
Lenders are getting nervous. The cost to insure Oracle's debt against default has spiked to levels last seen during the 2009 financial crisis. Barclays downgraded Oracle's debt in November, warning the company is one step from "junk" status, the point where lenders consider you a serious default risk. Some banks have stopped lending to Oracle for these projects altogether.
The gamble gets worse. CNBC reported on March 9 that OpenAI, Oracle's biggest customer for all of this, is already looking at newer, faster chips from Nvidia. Oracle ordered the current generation and spent billions building out a massive Texas facility. OpenAI may not fully expand into it. The chips improve faster than the buildings go up.
Larry Ellison, Oracle's founder, owns 41% of the company. In September 2025, Oracle's stock hit $346, and Ellison briefly became the richest person alive at $393 billion. Today, the stock sits around $146. His fortune has dropped to roughly $201 billion in six months.
Oracle is spending borrowed money to build data centers that could be outdated before they're finished, for a customer already shopping for newer equipment. 30,000 people woke up to a 6 AM email because that's what it costs to fund a $156 billion bet when your lenders are running out of patience.
Usain Bolt is sitting somewhere knowing his record isn’t safe.
Gout Gout running 10.04 at 16 is mental.
Adidas has signed him already and he’s shattered all Australian records at this age 😭
His coaches say he has not reached his top speed yet😂😂
🚨 Mumbai Beach Viral : Man charges people to listen to problems.
REPORTER : Do people come? 🤯
MAN : "Yes, For small troubles, ₹250. For bigger worries, ₹500, and to cry together, ₹1,000. I am here to listen to people’s problems" 😳
BREAKING: 🚨 🇺🇸🇮🇱THE FBI KNEW EVERYTHING AND DID NOTHING
Jeffery Epstein’s butler was caught in an FBI sting in 2009 trying to sell the client & victim list.
He detailed the entire operation, 17 years ago.
And the FBI did NOTHING.
(1) I love India
(2) Anybody who applies for an e-visa to India knows the website is always comically, profoundly, embarrassingly broken
It looks like it was written in 2003, kicks you out randomly without saving your work, won't charge your credit card until your nineteenth attempt
But this is a new one—halfway through the business visa application, it displays a list of the tallest peaks in each Indian state??
Come on folks, I'm just trying to invest in your country!
SBI, Bhadrak (Odisha).
Anti-encroachment drive demolished the bank branch's staircase.
Customers are measuring ladder which is placed over tractor-trolley to access the bank.
Several questions to ask. But .. leave it! India is not for beginners 😒
NEW: Scientists have brought back dire wolves using ancient DNA, with the first born on October 1, 2024, over 10,000 years after their extinction
The genome was reconstructed by Colossal from ancient DNA found in fossils
The fossils date back 11,500 and 72,000 years
Colossal Biosciences said: "This moment marks not only a milestone for us as a company but also a leap forward for science, conservation, and humanity. From the beginning, our goal has been clear:
To revolutionize history and be the first company to use CRISPR technology successfully in the de-extinction of previously lost species.
By achieving this, we continue to push forward our broader mission on—accepting humanity’s duty to restore Earth to a healthier state."