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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
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The great crypto reckoning: Wake up and get real about this class of pseudo assets
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What lies ahead for Altcoins: Looking at the future of diversified portfolios
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23.12 / 15:25
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ED to not take up PMLA cases just on basis of 'criminal conspiracy' angle alone
Enforcement Directorate has asked officials to not rely just on the provision of "criminal conspiracy" while registering a money laundering case, but also add more sections such 66(2) of the PMLA to ensure they stand the court scrutiny, official sources said Monday. The directions come after multiple recent court rulings, including by the Supreme Court, stated that section 120-B of the IPC (now 61(2) of the Bharatiya Nyaya Sanhita, 2023) cannot be a standalone "predicate offence" for registering a criminal case under the Prevention of Money Laundering Act, and that a "scheduled offence" under the PMLA should accompany its application.
23.12 / 15:25
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Teachings of Lord Christ celebrate love, harmony: PM Modi at Christmas celebrations
teachings of Lord Christ celebrate love, harmony and brotherhood and it is important for all to work to make this spirit stronger, Prime Minsiter Narendra Modi said here on Monday. Speaking at the Christmas celebrations hosted by the Catholic Bishops' Conference of India, Modi asserted that it pains his heart when there are attempts to spread violence and cause disruption in society.
23.12 / 15:25
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medicines
Uttarakhand chief secretary Radha Raturi expresses strong displeasure at districts for missing NCORD meetings
Uttarakhand chief secretary Radha Raturi expressed her strong displeasure over the failure of Dehradun, Haridwar, Udham Singh Nagar, Chamoli, and Champawat districts for not organizing even a single district-level NCORD (Narco Co-ordination Centre) meeting this year. Reprimanding the district magistrates of the districts concerned, she directed the Home Secretary to send a letter immediately in this regard.
23.12 / 15:25
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Polish ecommerce Allegro's unit sues Alphabet for $568 million
anti-competitive practices, Allegro said in a statement.
23.12 / 14:19
Provident
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Can Netflix avoid glitches in its Christmas Day NFL broadcasts?
Subscribe to enjoy similar stories. Netflix’s ability to seamlessly beam movies and TV around the world helped it become the dominant streamer. But in November, the company’s glitch-marred stream of its boxing showcase featuring Mike Tyson and Jake Paul revealed the limits of its technological advantages.
23.12 / 14:19
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Mahindra Lifespace pauses Delhi-NCR investment as it chases 'net zero' niche
Subscribe to enjoy similar stories. MUMBAI : Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi-National Capital Region (NCR) and narrow operations to markets where it can create a niche as a ‘net zero’ developer. “We have exited two cities completely, Nagpur and Hyderabad, and we are holding back any investment in Delhi NCR right now," said Amit Kumar Sinha, managing director and chief executive at Mahindra Lifespace.
23.12 / 13:05
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International
China’s EV boom is starting to pinch oil producers
Subscribe to enjoy similar stories. China’s oil demand is nearing a turning point as electric vehicles take a growing share of its vehicle market, the world’s largest. The country has long been the thirstiest consumer of crude.
23.12 / 13:05
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Dedicated, faster internet plans for concerts, influencers in the offing?
Subscribe to enjoy similar stories. New Delhi/Mumbai: Telecom service providers could consider offering specialized tariff plans with high upload speeds for influencers, live streamers and Instagrammers, as users seek reliable data connectivity when they attend high-profile events like the concerts of Dua Lipa, Coldplay and Ed Sheeran, industry executives and analysts said.
23.12 / 12:43
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Laurent Ferreira: 'My focus is on Canada, Canadian clients, the Canadian economy'
It was a special year for Montreal-based National Bank of Canada, given that the country’s sixth-largest lender beat analysts’ expectations every quarter in this fiscal year, topped its all-time share price high and dominated headlines with its bid to take over Edmonton-based Canadian Western Bank (CWB).
23.12 / 12:43
security
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Trump Revives Greenland Interest as Key to National Security
(Bloomberg) — Donald Trump hinted he still wants to buy Greenland, a self-ruling territory of Denmark, saying that US ownership and control of the island is an “absolute necessity” for national security.
23.12 / 12:41
23.12 / 12:41
Fox
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In-person shopping makes a comeback amid record-spending holiday season
Total holiday spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation.
23.12 / 12:37
UPS
FCA amends investment rules to allow greater LTAF access
In a ‘Handbook notice', the regulator said it had made «technical amendments to remove a barrier that currently makes it hard for NURS to invest in LTAFs». The previous rules permitted NURS to invest up to 20% of its portfolio into units of one or more LTAFs, as long as each LTAF does not in turn invest more than 15% of its portfolio into any kind of collective investment scheme (CIS). Aviva Investors launches private debt LTAF The FCA referred to these CISs as ‘second schemes' and referenced industry feedback, which claimed that since LTAFs typically make a significant proport...
23.12 / 12:37
Platform
reports
Courts
M&G sues Royal London for £27m over client access to 'inappropriately risky investments'- reports
In a lawsuit filed at the High Court in London, M&G claimed that the Ascentric business, a wealth management platform for financial advisers, had «exposed its customers to inappropriately risky investments, with an inappropriately high percentage of their pension funds in those investments», according to court documents seen by the FT. M&G's legal team have filed for damages of at least £27m plus interest, alleging that Royal London failed to effectively disclose that some of its client pension money had been invested in «inappropriately risky» products prior to the deal, the aforementi...
23.12 / 12:37
markets
Career
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Allianz
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Amundi appoints Eric Bramoullé as UK CEO
Bramoullé takes over as UK CEO after more than three years spent as head of marketing and products at Amundi. Prior to that, he was Amundi's CEO for South Asia from 2018 to 2021, as well as CEO at Amundi Austria from 2015 to 2018 and CEO of Amundi Poland from 2013 to 2015. Allianz and Amundi halt M&A talks — reports Bramoullé began his career at Société Générale Asset Management as an equity portfolio manager in April 1999, where he worked for over six years before moving on to SBI Funds Management in India to become vice president of its Investment Risk and Process Control de...
23.12 / 12:37
Boeing
show
country
Revised figures show zero UK real GDP growth in Q3
The zero growth recorded in the third quarter of this year was revised down from a previously announced increase of 0.1% for the same period of time, according to the Office for National Statistics. Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting The slowdown in economic growth was exacerbated by a 0.4% fall in production, while the country's services sector marked no growth in quarterly output. Meanwhile, the construction sector recorded 0.7% growth in output. According to the ONS, early estimates indicate that real GDP per head fell by 0.2% in Q3 2024, 0.2%...
23.12 / 12:01
Telegram
Software
Experts
exclusive
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Kaspersky warns of rising Telegram Premium phishing scams and malware threats
Telegram Premium, a popular subscription offering exclusive features like faster download speeds, voice-to-text conversion, and an ad-free experience, is being used for malicious reasons by cyber attackers, according to a new warning from Kaspersky. The cybersecurity firm has reported a surge in phishing scams and malware attacks disguised as offers for Telegram Premium, potentially putting users’ accounts and devices at risk.
23.12 / 12:01
UPS
Citi
security
Remark
performer
peace
UP: Closed since 1992 Ayodhya incident, Shiv Temple reopens in Muzaffarnagar after 31 years
A Shiv temple in Ludhawala, a predominantly Muslim locality in Muzaffarnagar under the jurisdiction of Kotwali police station, reopened on Monday with a havan ceremony. Local Muslims welcomed the Hindu devotees, showering flowers on their procession as a gesture of harmony.
23.12 / 11:31
markets
Citi
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Parts of Delhi face water shortage as ammonia levels surge in Yamuna
Yamuna river at the Wazirabad pond, an official statement of the Delhi Jal Board (DJB) said. According to the statement, ammonia concentrations exceeding 5.0 ppm have reduced water production at the Wazirabad Water Treatment Plant by 25-50 per cent.
23.12 / 11:31
markets
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Sensex rises! But these stocks fell 5% or more in Monday's session
On the BSE, Enbee Trade Fin(down 19.95 per cent), Suraj Industries(down 16.25 per cent), Samrat Forgings(down 14.47 per cent), Econo Trade(I)(down 13.92 per cent) and Continental Cont(down 13.43 per cent) stood among the top losers in today's trade.
23.12 / 11:31
markets
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Strategy
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Schools
MFN status suspension not to delay implementation of EFTA trade pact with India: Switzerland
Switzerland has said. The Swiss government has suspended the Most Favoured Nation (MFN) status, which could potentially impact Swiss investments in India and lead to higher taxes on Indian companies operating in the European nation.
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