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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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12.12 / 10:03
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Elon Musk's net worth now more than Jeff Bezos and Bill Gates' combined wealth
SpaceX and Tesla CEO Elon Musk has scaled yet another peak as the world's richest person, with his net worth surpassing the $400 billion mark as per the Bloomberg Billionaires Index. Musk’s net worth stands at $447 billion, gaining $ 218 billion in this calendar year so far, and has surpassed the combined wealth of billionaires Jeff Bezos and Bill Gates, according to the Bloomberg Billionaires Index data.
12.12 / 10:03
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Retailers urge FM and GST Council not to go for higher 35 pc tax rate
Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that a fifth GST slab of 35 per cent on demerit goods such as aerated beverages, cigarettes and tobacco, and pricing-based rate structure will materially and fundamentally alter the country's GST framework with devastating outcomes. These recommendations violate both the letter and the spirit that it will be a 'good and simple tax', Indian Sellers Collective said in a statement on Thursday ahead of the 55th GST Council meeting to be held on December 21, 2024 at Jaisalmer, Rajasthan. «On the contrary, it will hurt the profit margins of the retailers, lead to compliance nightmares and fuel a parallel economy. This move will primarily benefit Chinese producers who dominate the market of cheap products at the cost of Indian producers,» it said.
12.12 / 10:03
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After Elon Musk becomes first person to surpass $400 billion net worth, Tesla stock hits $420 all-time high. Internet erupts with joy
Elon Musk. A day after Musk became the first person to surpass $400 billion net worth, Tesla's stock price reached $420 on Wednesday afternoon which prompted responses from social media users and the company's CEO, Elon Musk. «As foretold in the prophecy,» Musk wrote in an X post that included a screenshot of the stock. Tesla stock has reached the threshold previously, but today marked the first time the share price crossed the $420 threshold since the stock split in August 2022.
12.12 / 09:49
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India needs to build dense cities; relook at standards for building construction: Sanjeev Sanyal
urban design and create dense cities which fits our esthetics, our way of living and are economically viable, Sanjeev Sanyal, member of the Economic Advisory Council to the PM (EAC-PM) said calling for a need to redeploy land and old buildings and revisiting the standards set for building construction to allow more innovation in design. “This requires us to rethink our architecture and town planning from bottom up instead of the prevalent top down approach,” he said on Wednesday while addressing a session on urban planning at the Global Economic Policy Forum 2024, organised by the Confederation of Indian Industry. Citing the example of Chandigarh, which Sanyal terms as an economically unviable city, he said it is not a good idea to ever recreate Chandigarh again.
12.12 / 09:49
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Govt considering proposal to impose safeguard duty on steel imports
steel imports, Union Steel Minister H D Kumaraswamy said on Thursday. «The process is going» on the ministry's proposal to impose a 25 per cent duty on steel imports, Kumaraswamy told PTI on the sidelines of an event here. On December 2, the steel ministry in a meeting with the commerce department had proposed for a 25 per cent safeguard duty on certain steel products imported into the country. The steel minister and Commerce and Industry Minister Piyush Goyal were present in the meeting. A final call on imposing the duty can be taken by the finance ministry on recommendations of the ministry of commerce.
12.12 / 09:49
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Keerthy Suresh marries Antony Thattil in colourful Iyengar ceremony in Goa. Check out pics
Iyengar ceremony. The actress looked radiant in a traditional yellow and green madisar saree, complemented by a side bun styled in the iconic Aandal Kondai. Superstar Thalapathy Vijay was one of the esteemed guests at the wedding. Take a look at the stunning pictures here:
12.12 / 09:49
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One Nation, One Election: Why is the bill so dear to BJP and why it is opposed
One Nation, One Election" bill, a significant move aimed at streamlining the electoral process. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.
12.12 / 09:49
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Amid Atul Subhash row, SC says mere harassment not sufficient to find accused guilty of abetting suicide
Supreme Court has said. The observations came from a bench of Justices Vikram Nath and P B Varale while delivering a verdict on an appeal challenging a Gujarat High Court order refusing to discharge a woman's husband and her in-laws for allegedly harassing her and driving her to suicide. The observations in the judgement gain significance in the wake of the recent suicidal death case of 34-year-old techie Atul Subhash. He alleged harassment at the hands of his estranged wife and her family. A case of abetment of suicide was registered against his wife Nikita Singhania, her mother Nisha, father Anurag and uncle Sushil.
12.12 / 09:49
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Is the UK Royal family fast-tracking Prince William and Princess Kate to the throne?
Prince William and Kate Middleton are preparing to become King and Queen, according to royal biographer Sally Bedell Smith. This preparation has intensified due to King Charles' health challenges. Kate Middleton recently hosted her fourth annual «Together at Christmas» service at Westminster Abbey on December 6. This marked a significant return to public life following a period of chemotherapy treatment, which concluded in September. Her husband, Prince William, and their three children, Prince George, Princess Charlotte, and Prince Louis, also attended the service. During Kate's treatment, Prince William reduced his official duties to support his family. King Charles also scaled back his commitments due to his own cancer diagnosis. This led Prince William to represent the royal family at several events, including the reopening of Notre Dame Cathedral in Paris. King Charles has since announced he is cancer-free.
12.12 / 09:49
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From a dining table startup to ₹572 Cr IPO: How MobiKwik prioritizes innovation over big-budget ads
MobiKwik, a leading player in India’s fintech space, has launched its ₹572 crore IPO. With 15 years of innovation in digital payments and financial product distribution, it has become a trusted name for users in tier 2 and tier 3 cities. In an exclusive interview, ETMarkets spoke to Upasana Taku (Chairperson & CFO) and Bipin Preet Singh (MD & CEO) about MobiKwik’s journey, competitive edge, financials, and future plans. Excerpts: With an issue size of over ₹570 crore, MobiKwik's IPO seems significant. Could you briefly take us through the journey of the company and its business model? Bipin Preet Singh: MobiKwik is a fintech company that began 15 years ago as a digital wallet. Our primary business revolves around payments, making us India’s largest digital wallet with over 160 million users and 4 million merchants. The app facilitates bill payments, money transfers, online shopping, and QR-based transactions.
12.12 / 09:49
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2020
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Not allowing mother to meet child amounts to cruelty and harassment, says High Court
Bombay High Court has held that not letting a child meet her mother amounts to 'cruelty' under the Indian Penal Code, and refused to quash a First Information Report registered against the in-laws of a Jalna-based woman. A bench of Justices Vibha Kankanwadi and Rohit Joshi at Aurangabad noted in its order of December 11 that the woman's daughter, only four years old, is being kept away from her despite a lower court's order. «Keeping a young child of four years away from her mother also amounts to mental harassment, amounting to cruelty in as much as it would certainly cause grave injury to the mental health of the mother,» the HC said. Such behaviour by in-laws amounts to 'cruelty' as defined under section 498-A of the IPC, the court added. «The mental harassment is continuing from day to day till date. It is a continuing wrong,» the bench observed. It would not quash the FIR as this was not a fit case for the court to interfere, it added. The woman's father-in-law, mother-in-law and sister-in-law had sought quashing of the 2022 FIR registered against them in Jalna district of Maharashtra for alleged cruelty, harassment and criminal intimidation.
12.12 / 09:49
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NCLAT appoints NBCC as consultant to complete Supertech's 16 housing projects at Rs 9,445 cr cost
NBCC has been appointed as a project management consultant to complete Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers. In a regulatory filing on Thursday, the company informed that the National Company Law Appellate Tribunal (NCLAT), vide its order dated December 12, 2024, has «appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd». NBCC will complete 16 projects, comprising 49,748 houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata. «The tentative construction cost of the project is approx Rs 9,445 crore, including 3 per cent contingency. The consultancy fee has been fixed as 8 per cent, including 1 per cent marketing fee,» NBCC said.
12.12 / 09:49
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One Nation One Election in Parliament now? BJP issues three-line whip to all its MPs to be present in Lok Sabha
One Nation One Election bill. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.
12.12 / 09:17
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Bitcoin surges above $97.4K ahead of US inflation data; XRP jumps 8%
Bitcoin traded slightly higher at $97,434 on Tuesday, still down over $6,400 from last week's all-time high of $103,900, ahead of key U.S. inflation data later in the day, which is expected to provide insights into future rate trajectories. As of 10:46 am IST, Bitcoin was up 0.8%, trading at $97,434, while Ethereum fell 1.1% to $3,664. During the session, BTC reached a high of $98,270 and a low of $94,321.
12.12 / 08:47
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Share price of Ambuja Cements as Nifty
Ambuja Cements Ltd. 1.08 per cent to Rs 572.00 in Thursday's trade as of 01:58PM (IST). The stock hit a high price of Rs 579.35 and low of Rs 570.10 during the session. The return on equity (ROE) for the stock stood at 9.24 per cent. Traded volume on the counter stood at 01:58PM shares and turnover at Rs 2.72 crore around that time. The stock of Ambuja Cements Ltd. quoted a 52-week high price of Rs 706.85 and 52-week low prices of Rs 452.90, respectively.
12.12 / 08:47
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NFO Update: Mirae Asset Mutual Fund launches two passive funds
passive funds: Mirae Asset Nifty India New Age Consumption ETF and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund. The new fund offer or NFO of Mirae Asset Nifty India New Age Consumption ETF and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund are open for subscription and will close on December 20 and December 26 respectively. Also Read | Mutual funds see Rs 8,995 crore inflow in mid and small cap funds in November. Should you allocate more?
12.12 / 08:47
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Bharat Forge shares 1.54% as Sensex falls
Bharat Forge Ltd. traded 1.54 per cent at Rs 1358.00 at 02:04PM (IST) on Thursday, even as BSE benchmark Sensex 248.59 points to 81277.55. The stock had closed at Rs 1379.35 in the previous session. The stock quoted a 52-week high price of Rs 1826.20 and 52-week low of Rs 1063.40, respectively. As per BSE data, total traded volume on the counter till 02:04PM (IST) stood at 5536 shares with a turnover of Rs 0.76 crore.
12.12 / 08:47
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PI Industries shares 1.46 per cent in Thursday's trading session
PI Industries Ltd. 1.46 per cent to Rs 4043.70 in Thursday's trade as of 02:08PM (IST) even as the benchmark Nifty ruled at 24556.65, 85.15 points. The scrip had closed at Rs 4104.00 in the previous session. The stock quoted a 52-week low of Rs 3060.00 and a high of Rs 4801.40. The company quoted a market-cap of Rs 61231.92 crore on the BSE.
12.12 / 08:47
12.12 / 08:47
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Crypto Gems: Top crypto assets to watch & buy in December 2024
Bitcoin following a 10% gain in October. Bitcoin has hit six figures for the first time and is now consolidating around $100,000. The path to $150,000 and above is set in this cycle with analysts predicting a strong first quarter of 2025 for the asset class overall. Bitcoin is now trading in uncharted territory while the overall crypto market cap has broken through to $3.6 trillion.
12.12 / 08:47
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Nikkei logs 2-month closing high after US data boosts Fed rate cut bets
Nikkei share average finished at a two-month closing high on Thursday, tracking Wall Street's strength, after an in-line U.S. inflation report boosted expectations of a Federal Reserve interest rate cut next week. The Nikkei climbed 1.21% in fourth straight session of gains to 39,849.14, its highest close since Oct. 15. The index crossed 40,000 for the first time since that day.
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