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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
markets
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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
Blockchain
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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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18.12 / 18:27
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SECI defends transfer of 2,333 mw power project from Azure to Adani
Chandrababu Naidu government continues to debate the fate of the controversial solar power deal, the Solar Energy Corporation of India (SECI) has defended the «transfer» of the 2,333 mw power project from Azure to Adani Group before the apex power regulator, citing Andhra Pradesh's power requirement and unchanged terms and conditions of the contract, ET has learnt. In a December 7, 2024 submission to the Central Electricity Regulatory Commission (CERC), SECI stated that «Andhra Pradesh had sought for such supply and SECI could finalise the generation and supply of such quantum by Adani Group on the same terms and conditions». It underlined that the transfer to Adani Group did not affect «the essential terms» on which the regulatory approval was given for the overall Andhra power project by the CERC on April 2, 2022.
18.12 / 18:27
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Can Donald Trump really ban transgender athletes? Does US President have such powers?
Donald Trump's most popular talking points during his campaign centered on the future of transgender athletes. Trump revisited the topic multiple times in the months and weeks before the election, suggesting at his rallies that one of the goals of his second term would be to “keep men out of women's sports." Millions were spent on advertising that turned something that affects a tiny minority of competitors into a wedge issue, AP reported. More than half of voters overall — and the vast majority of Trump supporters — said support for transgender rights in government and society has gone too far, according to AP VoteCast, a survey of more than 120,000 voters nationwide. What, exactly, Trump will do when he takes office on January 20 is unclear. His transition team has not divulged any specifics, though the president-elect said during his campaign that the process would be 'easy'.
18.12 / 17:51
18.12 / 17:51
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Catering to your worst nightmares
Bidhanchandra and Hena Biswas. This couple from Garfa near Kolkata paid the ultimate price — humiliation at their daughter's wedding reception. Like all happy parents, last month, the Biswases had booked a catering service to throw a lavish dinner for the occasion. For the 550-odd guests, khana at the reception was a veritable vegetarian feast: buffet comprising lip-smackers like peas kachori, chana daal, dum aloo, paneer, green peas pulao, chutney, mithai… the works.
18.12 / 17:51
markets
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Bain and KKR battle for Fuji Soft heats up as Bain goes hostile
Bain Capital said on Wednesday it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm's board should a second-round bid from rival suitor KKR fail. The estimated $2 billion bid for just under half of the Japanese IT firm's shares likely portends a rare hostile tussle between the two global private equity giants. Bain last week offered 9,600 yen per share, 1.6% more than KKR has done. KKR, which has the backing of the Fuji Soft board, secured 33.9% in a first-round tender that managed to dodge an earlier bid from Bain that was at the time higher than its own.
18.12 / 17:51
18.12 / 17:51
18.12 / 17:51
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COST
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Can 'One Nation, One Election' truly simplify India's electoral process?
constitutional amendments required to synchronise general and state elections, an idea referred to as 'One Nation, One Election' (ONOE). These proposed amendments — three amendments and inclusion of a new article — emerged from the recommendations of a high committee chaired by former president Ram Nath Kovind, who put together a 18,000-pg report nine months ago explaining how synchronising the electoral calendar could be done. The proposed Act lets go of some important recommendations of the committee, such as including local elections. It makes provisions for the mechanisms required to induce and maintain synchronicity. Two key aspects are:
18.12 / 17:51
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CATL says it has co-developed 10 new EV models with swappable batteries
CATL said on Wednesday it had co-developed 10 new electric vehicle models with automakers that use swappable batteries, as the Chinese battery giant seeks to lead a trend it says will replace a third of gasoline stations in China. Yang Jun, CEO of CATL's battery swapping brand EVOGO, said it would roll out the first EV that uses its so-called «choco-swap» battery this month, with the remaining to be launched in upcoming months. CATL will also look to build 1,000 battery swapping stations next year and to accelerate this further by enlisting partners to build more stations, he added.
18.12 / 17:51
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Reuters
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US considers ban on China's TP-Link over national security concerns: Report
national security concerns after its home internet routers were linked to cyberattacks, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. In August two U.S. lawmakers urged the Biden administration to probe the Chinese router-manufacturer and its affiliates over fears their Wi-Fi routers could be used in cyber attacks against the U.S., according to a letter seen by Reuters. The Commerce, Defense and Justice departments have opened separate probes into the company, with authorities targeting a ban on the sale of TP-Link routers in the U.S. as early as next year, the report said.
18.12 / 17:51
18.12 / 17:31
COST
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Jack Mintz: Freeland’s sudden conversion to fiscal sanity is too little, too late
In her letter of resignation, Chrystia Freeland criticized Prime Minister Justin Trudeau in pushing for gimmicky tax holidays and one-time rebates rather keeping the government’s fiscal powder dry in case Canada faces aggressive Trump tariffs. She is absolutely right, of course. Bad things can happen — like the COVID pandemic — that ratchet up debt burdens and interest costs and eventually impair growth by raising interest rates or taxes.
18.12 / 17:31
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William Watson: If this is how America treats its friends …
Regarding our current predicament with our neighbours on the continent, I realize it risks a rebuke from Elon Musk to say so but if Americans had elected Kamala Harris last month, we would not currently be in a national panic about access to the U.S. market, and no one within 100 miles of the White House would be making sophomoric jokes about “Governor Justin Trudeau” of the “Great State of Canada.”
18.12 / 17:31
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The barriers and benefits as Banco Santander looks to branch out in Canada
It’s not every day, or even every decade, that a big foreign bank decides to have a go at Canada’s retail banking market.
18.12 / 17:31
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Canada tightens immigration point system to curb fraud tied to job selling
Temporary foreign workers who apply to become permanent residents through Canada’s immigration system will no longer get additional points if they have a job offer that’s supported by a Labour Market Impact Assessment (LMIA), Immigration Minister Marc Miller said on Tuesday.
18.12 / 17:31
Twitter
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Trump publicly taunts Trudeau saying Canada should be a U.S. state
Donald Trump lobbed a fresh taunt at Canada as Prime Minister Justin Trudeau tries to weather a crisis sparked by the sudden departure of a minister who was a bulwark against the U.S.president-elect’s plan to start trade wars with his neighbours.
18.12 / 16:49
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Mumbai Boat Accident LIVE: 13 die as speedboat hits ferry carrying over 100 passengers near Gateway of India
accidentSpeaking about the incident, Maharashtra Deputy CM Eknath Shinde said after a ferry boat capsized off Mumbai coast."I've held talks with both the collectors, the police and Navy personnel present there. More than 100 people (were onboard), and 83 of them have been rescued. The rescue operation is being carried out by the Indian Navy, Indian Coast Guard, the Maritime Board and the coastal police.
18.12 / 16:45
markets
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Bengaluru's Second Airport: Karnataka minister provides update about location, says decision likely by next week
Patil, addressing the assembly on Tuesday, shared details about the ongoing efforts. “The Infrastructure Development Corporation Karnataka Ltd (IDeCK) is surveying various proposed sites for the best location. Once it finishes the survey, the report will be submitted to the Airport Authority of India (AAI),” he said. “AAI has the authority to finalise the location for the second airport in Bengaluru,” Patil added. The minister further explained that various factors would play a role in the decision-making process. These include connectivity, proximity to key areas, and the surrounding environment. «There will be some clarity on the location within a week,» Patil said.
18.12 / 16:45
18.12 / 16:45
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As Prince Andrew faces pressure from multiple fronts, ex-wife Sarah Ferguson heaps praise on him, says she was ready to marry him all over again
Sarah Ferguson who is the Duchess of York eventually expressed her unwavering affection for her ex-husband named Prince Andrew while stating that she would marry him ‘all over again, 100 percent’, reported In Style. According to In Style, in spite of their divorce in the year 1996 which was after ten years of marriage, Sarah Ferguson actually emphasized on the strength of their bond while describing Prince Andrew as ‘the best’ and immensely praised his character. She even recalled their wedding day while claiming that as the happiest day of her life and also noted that their love endures despite the severe challenges they have faced. Also Read: Nancy Pelosi endured pain to take a photo with a broken hip and this was responsible for her accident
18.12 / 16:45
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Smashers Sports acquires Delhi franchise of World Pickleball League
Smasher Sports, backed by global investment firm Terra Invest and former Wimbledon tennis player Ashok Amritraj-backed Hyde Park Entertainment, has acquired the Delhi Franchise of the World Pickleball League (WPBL), the company said on Wednesday. “The investment underscores the league’s potential to transform the country’s sports entertainment landscape,” the statement said. The WPBL features six teams and is affiliated with the All India Pickleball Association (AIPA).
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