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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
markets
Blockchain
MET
Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
Blockchain
UPS
Provident
The great crypto reckoning: Wake up and get real about this class of pseudo assets
markets
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What lies ahead for Altcoins: Looking at the future of diversified portfolios
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21.12 / 02:35
COST
Cooper
Manufacturing
Volkswagen
Sustainability
Golf
VW wage deal for 120,000 German workers avoids layoffs, plant closures
Volkswagen’s employee representatives say they have reached a wage deal
21.12 / 01:53
National Bank of Canada gets final approval for takeover of Canadian Western Bank
National Bank of Canada says it’s received approval from the federal finance minister to acquire Canadian Western Bank (CWB).
21.12 / 01:53
UPS
Racing
Election
Trade
President
War
Trump tells EU to buy U.S. oil and gas or face tariffs
U.S. president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of U.S. oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.
21.12 / 01:53
country
CPA Canada split from Ontario, Quebec groups becomes official
The organizations representing chartered professional accountants in Quebec and Ontario are officially split from Chartered Professional Accountants (CPA) Canada as of Friday.
21.12 / 01:15
markets
Citi
Man
Death
show
shock
medicines
Two dead, 60 hurt after car plows into crowd at Christmas market in Germany
Christmas market in the eastern German city of Magdeburg on Friday, killing at least two people and injuring at least 60 others in what authorities called a deliberate attack.The driver was arrested at the scene shortly after the car barreled into the market at around 7 p.m., when it was teeming with holiday shoppers looking forward to the weekend.Verified bystander footage distributed by the German news agency dpa showed the suspect’s arrest on a walkway in the middle of the road. A nearby police officer pointing a handgun at the man shouted at him as he lay prone.
21.12 / 00:41
markets
COST
Software
reports
International
Tata Trusts tightens monitoring, shifts focus to grant-making
Tata Trusts, the single-largest shareholder of Tata Sons, has tightened project monitoring processes, shifting from quarterly to monthly reviews to better manage operational expenses and enhance the on-ground impact of its funds, people familiar with the matter said. The organisation may also prioritise grant-making over direct implementation (DI) projects to further minimise expenses, the people said. An inflated cost structure had led trustees to do an internal audit several months ago, the people said. This revealed many discrepancies, leading the trustees to tighten the monitoring system. Additionally, the Trusts' audit system has been strengthened and it now reports directly to the chief executive, who is responsible for updating the executive committee and board of trustees, people said. Several DI Projects
21.12 / 00:41
markets
Digital
Software
Bill
Experts
reports
travelers
US House approves bill to avert midnight shutdown, sends to Senate
midnight government shutdown, defying President-elect Donald Trump's demand to also greenlight trillions of dollars in new debt. Next, the Democratic-controlled Senate would need to pass the bill to ensure the government will be funded beyond midnight (0500 GMT Saturday), when current funding expires. The White House said President Joe Biden intends to sign it into law if they do. The legislation would extend government funding until March 14, provide $100 billion for disaster-hit states and $10 billion for farmers. It would not raise the debt ceiling — a difficult task Trump has pushed Congress to do before he takes office on Jan. 20.
21.12 / 00:41
markets
Digital
Platform
Software
Interface
Experts
innovations
RBIH looks to tap Rapido, Swiggy, Amul data for UPI-like lending platform, says CEO Rajesh Bansal
Reserve Bank Innovation Hub, or RBIH, has approached several data-rich aggregators including Namma Yatri, Rapido, Swiggy and Zomato along with farmers’ collectives such as Amul for building the ambitious Unified Lending Interface (ULI) platform, its chief executive Rajesh Bansal told ET. The Reserve Bank of India’s innovation arm is also exploring collaboration with the likes of Google Pay on the insights that can be derived from data sharing on UPI transactions and warehouse deposit receipt data, Bansal said. Discussions are also ongoing with the Open Network on Digital Commerce (ONDC), PM Gati Shakti, Unified Geospatial Interface and E-Vahan, he added. The ULI platform will enable consent-based transfer of customers’ digitised financial and non-financial data, including land records, from various sources to lenders, accelerating credit appraisals.
21.12 / 00:41
markets
Digital
security
Strategy
Software
Experts
PAM
Accel nears close of new India fund at $650 million
Accel India, an early-stage backer of Flipkart and Swiggy, has closed its eighth fund, securing $650 million in investor commitments, people briefed on the matter said. At the same time, Accel’s global growth fund based in the US has also closed its latest fund with a $1.35 billion corpus, the people said, citing US Securities and Exchange Commission (SEC) filings. A portion of the funds raised will be allocated to Indian startups in their pre-IPO rounds, the people added. Once formally closed, Accel’s latest fund will boost its total commitments in India to nearly $3 billion. It signals a likely more active strategy by Accel to deploy capital through the India and the US growth funds across various lifecycle stages of startups.
21.12 / 00:41
markets
UPS
Software
awards
Experts
recommendations
India considers exempting gift vouchers from GST; Council to discuss key issues
Union Finance Minister Nirmala Sitharaman, who arrived in Jaisalmer on Friday, will chair the 55th meeting of the council on Saturday. A government official familiar with the deliberations said the law panel under the council had recommended that gift vouchers be covered under the definition of prepaid instruments recognized by the Reserve Bank of India (RBI) that are used as a consideration to settle an obligation. They would thus fall under a category that can't be taxed under GST.
21.12 / 00:41
markets
Software
awards
Trade
Inside
electronic
Indian exporters See limited gains from Rupee depreciation
Indian exporters of garments, handicrafts, and engineering goods expect 5-10% gains from the rupee’s depreciation, but more import-dependent sectors such as gems and jewellery and electronics see rising oil and commodity prices offsetting any benefits, trade insiders said. Moreover, the sharper depreciation of the Chinese yuan, Japanese yen, and Mexican peso against the US dollar may prompt buyers to pressure Indian exporters to pass on the gains, besides undermining any long-term competitive advantage from the rupee’s fall, they said. The rupee hit an all-time low of 85.09 per dollar on Thursday, crossing the 85 mark for the first time. On Friday, the rupee hit a new low of 85.10/$1. Almost 60% of India’s goods trade is in dollars, and the depreciation will help traditional sectors such as textiles and leather.
21.12 / 00:01
markets
UPS
Software
Election
country
travelers
Did Donald Trump break Canada's Trudeau government during historic transition period? Here's what Newt Gingrich says
Trudeau government in Canada, as ex-House Speaker Newt Gringrich has claimed that the people of Canada and the House is losing confidence in the reigning Canadian PM, based on the way caved in to Trump recently. Gingrich went on to say that Trump has had an undue influence on Trudeau and the overall perspective changed about the Canadian PM in this sudden ceasefire of sots, which was looking impossible at a point when Trudeau was going all guns blazing.
21.12 / 00:01
markets
Strategy
Software
NVIDIA
Trade
Experts
reports
Are you an Nvidia investor? President-elect Donald Trump just gave some terrific news for you; here's all about it
Nvidia investors will soon reap in some awesome benefits in the coming months, when Donald Trump assumes the role of US President after Joe Biden's tenure. This is majorly because of the fact that Trump is considered to be pro-market and some of his economic policies, although reportedly inflationary, may bringing in a bulkload of money for the US Treasury, if reports are to be believed.
21.12 / 00:01
markets
DOW
Software
Election
Experts
reports
US Stock market today: Wall Street roars, S&P 500 posts best day since Election Day
US stock market roared back on Friday to nearly halve their losses from what was tracking to be one of the market’s worst weeks of the year. Wall Street index S&P 500 rallied 1.4 per cent toward its best day since Election Day and shaved its loss for the week down to 1.7 per cent. The Dow Jones Industrial Average was up 602 points, or 1.4 per cent, and the Nasdaq composite rallied 1.4 per cent. Superstar stock Nvidia and other Big Tech companies led the market, which got a lift after a report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. It’s an encouraging signal following recent reports suggesting inflation may be tough to get all the way down to the Fed’s 2 per cent goal from its peak above 9 per cent. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave this week when the central bank hinted it may deliver fewer cuts to interest rates next year than it earlier expected.
21.12 / 00:01
markets
UPS
CEO
Software
Death
Investigations
Luigi Mangione, alleged CEO killer, could face the death penalty; here are details about the case NYPD has filed against him
Luigi Mangione is currently in custody of the NYPD for the alleged killing of UnitedHealthcare CEO Brian Thompson, which shook the entire country, while a manhunt for the killer went on or days until Mangione was nabbed very recently. He is now lodged into a Brooklyn prison, which is one of the most dangerous ones in the entire US, and even lodges alleged sex trafficker and hip-hop mogul Sean Diddy Combs, as per reports.
20.12 / 23:35
CEO
Strategy
President
country
information
National Bank gets final approval for Canadian Western Bank takeover
National Bank of Canada’s $5-billion takeover of Canadian Western Bank has cleared its final regulatory hurdle.
20.12 / 23:25
Highways
cover
Traffic
Investigations
Nuna Baby Essentials is recalling over 600,000 child car seats because harness may not hold children
Nuna Baby Essentials is recalling nearly 609,000 child car seats because the harness adjuster can loosen and the seats may not restrain children
20.12 / 22:43
UPS
economy
Universities
Bitcoin
gatherings
prevention
What Would Be The Point Of A 'Strategic Bitcoin Reserve'?
President-elect Donald Trump has been promoting the idea of creating a ‘Strategic National Bitcoin Stockpile,’ but the purpose of such an institution remains unclear. The price of a bitcoin (BTCUSD) surged to a record high this week, briefly passing the $108,000 mark after President-elect Donald Trump repeated his campaign trail proposal for the government to hold some amount of the popular cryptocurrency officially.
20.12 / 21:19
Citizens
CEO
security
Inside
reports
shock
Headlines
Luigi Mangione housed in the same jail as Diddy; here's all about Brooklyn's Metropolitan Detention Centre, the most dangerous unsecured detention center in US
Luigi Mangione shot to the headlines after becoming the prime suspect in the killing of UnitedHealthcare CEO Brian Thompson, for which a manhunt went on for days on end until Thompson was captured. NYPD officials had a few field days trying to nab a suspect in this shocking incident, and tried to use every resource at their disposal, and even federal authorities tried to assist them in the case.
20.12 / 21:09
McGrath
Updates
New Zealand Women vs Australia Women Live Score: 2nd ODI of Australia Women tour of New Zealand, 2024 to start at 03:30 AM
Venue : Cello Basin Reserve, Wellington New Zealand Women squad - Brooke Halliday, Lauren Down, Maddy Green, Suzie Bates, Amelia Kerr, Jess Kerr, Sophie Devine, Bella James, Izzy Gaze, Eden Carson, Fran Jonas, Molly Penfold, Rosemary Mair Australia Women squad - Georgia Voll, Phoebe Litchfield, Tahlia McGrath, Annabel Sutherland, Ash Gardner, Ellyse Perry, Georgia Wareham, Heather Graham, Alyssa Healy, Beth Mooney, Alana King, Darcie Brown, Kim Garth, Megan Schutt New Zealand Women vs Australia Women Match Details 2nd ODI of Australia Women tour of New Zealand, 2024 between New Zealand Women and Australia Women to be held at Cello Basin Reserve, Wellington at 03:30 AM.
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