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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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18.12 / 13:25
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Cold wave alert for Karnataka: IMD predicts below-normal temperatures, rain over the next three days
The IMD also forecasts dry weather across the state from December 18 to 22. Isolated places in interior Karnataka may experience shallow fog or mist until December 20.
18.12 / 13:25
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2024 was the year India became the talk of America
Donald Trump 47th President. The election was preceded by an entire year of campaigning, and a neck-and-neck competition between the Democrats and the Republicans. As Democrat nominee and US Vice-President Kamala Harris and Trump vied for the White House, India became the talk of the election. With 2.6 million eligible Indian-American voters — according to data from the Carnegie Endowment for International Peace — the Indian diaspora’s growing political significance was felt in key US swing states. These states, which were won by Trump, accounted for a significant number of Indian-American votes. Data suggested that there was a shift in the attitude of US voters of Indian origin this year. A large number of them shifted from Democratic Party to Republican Party in this election.
18.12 / 13:25
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Instagram to make up more than half of Meta's US ad revenue in 2025, report shows
Meta Platforms' advertising revenue in the United States next year, as the social media platform improves monetisation of its products, according to research firm Emarketer. Why it's important Instagram's Reels competes with ByteDance's TikTok and YouTube Shorts, as users find short-form videos more engaging, driving marketers to adopt the format at a time when Meta is looking to boost revenue from the product by placing more ads.
18.12 / 13:25
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Tech view: Nifty forms red candle; 24,360 holds key for further upside. How to trade on Thursday
Nifty index formed a red candle on the daily chart on Wednesday and has remained below the 100-day exponential moving average (100-DEMA), indicating weakness. However, currently, the index is placed near the lower end of a consolidation zone. If the index manages to hold Wednesday's low of 24,150, a pullback to 24,350 is feasible; however, for a substantial up move, the index must sustain above the 100-DEMA, which is placed near 24,360. As long as the index is below 24,360, traders should adopt a cautious approach, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.
18.12 / 13:25
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Two Monkeypox cases reported in Kerala
One of the men from Wayanad district was initially found to be infected, and the second person, from Kannur, tested positive later, according to her statement. Following the reports of the disease, the Health Department has directed those who came in contact with the patients to monitor for any symptoms and report them accordingly.
18.12 / 13:25
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Tom Cruise receives a surprising US Navy's top civilian honour. Here's why
Tom Cruise is now a real-life military hero after years of playing military heroes on screen. The 'Top Gun' star was honoured with the Department of the Navy Distinguished Public Service (DPS) Award during a ceremony in London on Tuesday, which recognized Cruise’s contribution and dedication to the US Navy through his film work. Top Cruise was awarded the US Navy's top civilian honor on Tuesday for “outstanding contributions to the Navy and the Marine Corps” with “Top Gun” and other films, reports news agency AP. He works in the UK. “Top Gun,” the smash hit 1986 movie about Cold War flying aces, made Cruise a star and drove a spike in military enlistment. The Navy even set up recruitment tables in theaters.
18.12 / 12:25
18.12 / 11:57
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Net direct tax collection grows 16.45% so far this fiscal: Govt data
direct tax collections for this fiscal year so far have recorded robust growth, rising by 16.45% year-on-year to over Rs 15.82 lakh crore, according to the latest government data. The gross direct tax collections surged to Rs 19.21 lakh crore, marking a robust growth of 20.32% over the same period last fiscal. Refunds issued during this period stood at Rs 3,38 lakh crore, an increase of 42.49%.
18.12 / 11:57
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Stock market update: Nifty Pharma index 1.09%
Shares of Mankind Pharma Ltd.(up 5.42 per cent), Aurobindo Pharma Ltd.(up 2.79 per cent), Lupin Ltd.(up 2.54 per cent), Dr. Reddy's Laboratories Ltd.(up 2.23 per cent) and Alkem Laboratories Ltd.(up 1.89 per cent) ended the day as top gainers in the pack.
18.12 / 11:57
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What Zerodha's Nithin Kamath has to say about Sebi's push for retail algo trading
Zerodha's Nithin Kamath said that it should be okay for savvy traders using APIs for individual trading with some reasonable order limits. However, the APIs have to be accessed through only static IPs.
18.12 / 11:57
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Budget 2025: How can Sitharaman & co help India's trade deficit?
Nirmala Sitharaman as she prepares to present the Union Budget 2025. The trade deficit, driven by high import bills and fluctuating export growth, demands targeted interventions to ensure sustainable economic growth. India’s trade deficit in November widened to an all-time high of $37.84 billion from $27.1 billion in, which has put some pressure on the local currency. This year, the Indian Rupee often traded at around record lows against the US dollar.
18.12 / 11:57
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Reliance Nippon Life starts negotiation with IndusInd Bank on bancassurance tie up
Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. «IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space,» Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan.
18.12 / 11:57
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Sanjay Dutt's scotch whiskey brand Glenwalk aims 4X sales boost in Maharashtra with new 200ml bottle
premium Scotch whisky brand, The Glenwalk, is set to make a major push in Maharashtra with the launch of a new 200ml Nip bottle. Priced at Rs 500, this more accessible format is part of the brand's strategy to quadruple its sales in the region, which already accounts for 68 per cent of its overall sales, the company said in a press release on Wednesday. Fresh off a Gold Medal win at the 2024 IWS Awards, The Glenwalk has garnered recognition for its quality, having also secured top honours at the ProWine 2023 and the 2024 London Spirits Competition. With the 200ml bottle, the brand aims to expand its customer base and further solidify its position in the competitive Indian whisky market. “We are thrilled to introduce the 200 ml Nip bottle to the discerning consumers of Maharashtra,” said Mokksh Sani, Founder of Living Liquidz, Mansionz, and Co-founder of Cartel Bros. “This launch, backed by the expertise of Cartel Bros, is a testament to our commitment to innovation and our dedication to providing premium spirits experiences. We are confident that this new format will resonate with our existing customers and attract new ones.”
18.12 / 11:57
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Stock market update: Nifty Auto index 0.75%
Shares of TVS Motor Company Ltd.(up 1.07 per cent), Balkrishna Industries Ltd.(up 0.81 per cent), Bajaj Auto Ltd.(up 0.7 per cent), Mahindra & Mahindra Ltd.(up 0.32 per cent) and Eicher Motors Ltd.(up 0.16 per cent) ended the day as top gainers in the pack.
18.12 / 11:57
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Uniform Civil Code will be implemented in Uttarakhand from January 2025: CM Dhami
Pushkar Singh Dhami announced that the Uniform Civil Code (UCC) will be implemented in Uttarakhand from January 2025. According to a press statement issued on Wednesday, all preparations have been completed, and Uttarakhand will become the first state to implement the UCC after independence. During a meeting of the Uttarakhand Investment and Infrastructure Development Board (UIIDB) held at the Secretariat on Wednesday, Chief Minister Dhami stated that the state government has undertaken all necessary preparations to implement the UCC, fulfilling its earlier resolution. The Chief Minister recalled that in the first cabinet meeting of the newly-formed government in March 2022, a decision was made to constitute an expert committee to study and implement the UCC in the state. Following this, a five-member expert committee was formed under the chairmanship of retired judge Ranjana Prakash Desai. Based on the committee's recommendations, the Uniform Civil Code Bill 2024 was passed by the State Legislative Assembly on February 7, 2024.
18.12 / 11:57
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Guardian newspaper confirms sale of Sunday sister paper The Observer to Tortoise Media
Guardian newspaper confirmed Wednesday that it has sold the Observer, the world's oldest Sunday newspaper, to Tortoise Media for an undisclosed fee. The Scott Trust, which owns the Guardian Media Group, said in a statement that Tortoise Media is purchasing the Observer through a combination of cash and shares. The Observer, which was founded in 1791 and became part of the Guardian Media Group in 1993, is a bastion of liberal values in Britain's media landscape.
18.12 / 11:57
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Gem, jewellery exports decline 12.9 pc to USD 1,986 million in November: GJEPC
Gems and jewellery exports saw a decline of 12.94 per cent to USD 1,986.21 million (Rs 16,763.13 crore) in November on prolonged geopolitical tension, Gem and Jewellery Export Promotion Council (GJEPC) said on Wednesday. Gems and jewellery exports in November 2023 stood at USD 2,281.4 million, the GJEPC data added. Cut and polished diamonds export in November declined 39.81 per cent to USD 666.01 million compared to USD 1,106.53 million for the same period last year.
18.12 / 11:41
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US weighs ban on Chinese-made router in millions of American homes
Subscribe to enjoy similar stories. U.S. authorities are investigating whether a Chinese company whose popular home-internet routers have been linked to cyberattacks poses a national-security risk and are considering banning the devices.
18.12 / 11:29
18.12 / 11:29
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How to avoid financial stress during the holiday season
The holidays are meant to be a time of celebration with family and friends
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