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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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09.12 / 13:07
09.12 / 13:07
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Mass Hindu migration from B'desh unlikely in face of current crisis: Nobel laureate Abhijit Banerjee
Speaking exclusively to PTI during his recent visit to the city to participate in a curtain-raiser event of the 16th edition of the Apeejay Kolkata Literary Festival, where his latest title 'Chhaunk: On Food, Economics and Society' was launched, Banerjee said he felt India's «explicit political preference for Hindu migrants from Bangladesh» is what prompted the population to leave their homeland in the past, rather than the attacks on the community. «People always leave for another country where they have their families or to a richer nation where the economic opportunities are higher,» the Nobel laureate said, «I am not surprised that Hindu Bengalis have left Bangladesh and settled in, say, large pockets of Assam because of India's overt preference for Hindus instead of Muslims.»
09.12 / 13:07
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IITian at RBI's helm: What awaits Sanjay Malhotra at Central bank
Shaktikanta Das, another finance ministry bureaucrat has been appointed as the governor of the Reserve Bank of India (RBI). Revenue Secretary Sanjay Malhotra will replace Das. Economists were speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September, a seven-quarter low and far below the Reserve Bank of India’s 7% projection, Bloomberg reported. When Shaktikanta Das joined the central bank six years ago, he had waded into a government-RBI rift. A deft bureaucrat like his predecessors Duvvuri Subbarao and YV Reddy, Das had a tough job: to clean the mess left by high-profile economists Raghuram Rajan and Urjit Patel whose tenure at the helm of the RBI was marked by spats with the government, erosion of confidence and high uncertainty. Now, when expectations for a rate cut have spiked after a long rate pause and the GDP dip, Malhotra will be heading the Monetary Policy Committee (MPC) when it considers a rate cut in its February meeting.
09.12 / 13:07
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'Polarization' is Merriam-Webster's 2024 word of the year
«Polarization means division, but it's a very specific kind of division,» said Peter Sokolowski, Merriam-Webster's editor at large, in an exclusive interview with The Associated Press ahead of Monday's announcement. «Polarization means that we are tending toward the extremes rather than toward the center.» The election was so divisive, many American voters went to the polls with a feeling that the opposing candidate was an existential threat to the nation. According to VoteCast, a survey of more than 120,000 voters, about 8 in 10 Kamala Harris voters were very or somewhat concerned that Donald Trump's views — but not Harris' — were too extreme, while about 7 in 10 Trump voters felt the same way about Harris — but not Trump.
09.12 / 13:07
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Will we have lollipop while you come to occupy our land: Mamata Banerjee in dig at Bangladeshi politicos
Mamata Banerjee on Monday strongly reacted to provocative statements by a section of Bangladeshi politicians that Bangladesh could occupy Bengal within days, calling them «absurd» and dismissing it by saying, «you will occupy Bengal, Bihar, and Odisha, and we will have lollipops?» While addressing the West Bengal Assembly, Banerjee, without naming anyone, condemned the circulation of certain fake videos on this side of the border and blamed a certain political party for attempting to stoke tensions in the state. The chief minister condemned the persecution of minorities in Bangladesh, calling it unacceptable, and stressed the need for unity among India's religious communities. Banerjee strongly rejected provocative statements from across the border, including a Bangladesh Nationalist Party (BNP) leader who said that Bangladesh has claims over Bengal, Bihar, and Odisha, and a viral video featuring Bangladesh Army veterans suggesting the country could occupy West Bengal within days, remarking, «You will occupy Bengal, Bihar, and Odisha, and we will have lollipops? Don't even think that.»
09.12 / 13:07
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First A-list celebrity out: Jay-Z named with Sean Diddy Combs in sexual assault lawsuit; here's everything you need to know
Jay-Z refutes claims that he and Sean Diddy Combs abused a 13-year-old in 2000. A woman who claims that Sean Diddy Combs assaulted her has added claims that Jay-Z also assaulted her at the same party to her lawsuit. The woman added Shawn Carter, the rapper and businessman known as Jay-Z, as a defendant in the civil lawsuit on Sunday after it was first filed against Combs in October. In relation to Combs, Carter is the first well-known person to face allegations of assault. Carter described the accusations as so heinous in nature that he implores to file a criminal complaint, not a civil one, in a statement to CNN.
09.12 / 13:07
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How is the RBI Governor appointed?
Sanjay Malhotra on Monday was appointed as the 26th Governor of the Reserve Bank of India as current Governor Shaktikanta Das' term ends on Tuesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will assume office on December 11, 2024 for a period of three years, the appointment committee of the cabinet said in a notification. His appointment comes at a critical juncture as the RBI battles challenges like inflation control and slowing down of economic growth.
09.12 / 12:53
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Youth participation needed as politics can't be left to those who believe in dynasty, says PM Modi
dynasty politics and consider it as family property. Virtually addressing an event organized by Ramkrishna Math at Lekhamba village near Sanand town here, the PM said the Young Leaders' Dialogue will be organised in Delhi on the birth anniversary of Swami Vivekananda to «make a new beginning' towards this aim. In his address, PM Modi said spiritual leader Swami Vivekananda, the founder of Ramakrishna Math and Ramakrishna Mission, was of the opinion that participation of youths will be crucial for the development of the nation. „Along with technology and other sectors, it is needed that our youngsters lead our country in politics too because we cannot leave it to those who believe only in dynasty politics. We cannot hand over politics to those who consider politics as their family's property“ the PM said. »That is why we are going to make a new beginning. On the occasion of Swami Vivekananda's birth anniversary, we are organising Young Leaders' Dialogue in Delhi. While 2,000 selected youths will remain present in person, crores of youths will join the event with the help of technology," Modi said. At the event, youths will discuss India's resolve to turn the country into a developed one, he said, adding a roadmap will be prepared on how youth participation in politics can be increased.
09.12 / 12:53
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Russia: Rajnath Singh attends Commissioning Ceremony of INS Tushil
Rajnath Singh attended the Commissioning Ceremony of INS Tushil at Russia's Kaliningrad on Monday. In a post on X, Defence Minister's Office stated, «Raksha Mantri Shri @rajnathsingh attending the Commissioning Ceremony of #INSTushil at Kaliningrad, Russia.»
09.12 / 12:53
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Tech View: Nifty shows small body candle formation. How should one trade on Tuesday?
benchmark indices ended in red for the second session in a row dragged by FMCG and auto stocks. While the S&P BSE Sensex settled at 81,508.46, down by 200.66 or 0.25%, the broader Nifty50 closed at 24,619, lower by 58.80 or 0.24%. Commenting on the day's action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, said that momentum indicators continue to show bullishness in the Nifty index despite remaining closer to the overbought levels. «Nifty is consolidating near its resistance level of 24,850. The last two days have shown an insider candle for the index, indicating it has lost momentum. The index trades above the 50-day moving average, indicating that bullishness could continue. Options writer's data for the monthly expiry showed increased writing of the calls and puts at the 24,700 level, indicating a range-bound move in the index,» Dwarakanath said.
09.12 / 12:53
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Rahul Gandhi comedy king, protest in Parliament complex desperate attempt to stay relevant: Dharmendra Pradhan
Dharmendra Pradhan on Monday attacked Congress leader Rahul Gandhi over protests by opposition members in Parliament complex and termed him «comedy king» who is trying to stay relevant. Leaders of some INDIA bloc parties on Monday protested in Parliament complex over the Adani row, with Gandhi conducting a mock 'interview' over the issue with Congress members wearing masks of Prime Minister Narendra Modi and industrialist Gautam Adani «Rahul Gandhi is indulging in what he does best — Stand-up comedy! His malicious claims and rants have crumbled under the weight of comprehensive investigation every time. Playing the role of a pawn to perfection, he yet again attempts to mislead despite his misinformation campaigns failing to cut ice with the people of India,» Pradhan wrote on X tagging a video of the protest.
09.12 / 12:53
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War monitor says Turkish drone strike kills 11 civilians in north Syria
Turkish drone strike in a Kurdish-held area in northern Syria killed 11 civilians including six children, a war monitor said Monday. The attack comes a day after Islamist-led rebels ousted president Bashar al-Assad in a lightning offensive that saw them sweep swathes of territory from government control. «Eleven civilians, including six children, all members of the same family, were killed in a Turkish drone strike targeting a house» near Ain Issa, north of the city of Raqa, in a Kurdish-held area, the Syrian Observatory for Human Rights said.
09.12 / 12:53
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Elon Musk, world's richest man, gets an advice from his four-year-old son. 'Mini Doge is very wise', says internet
Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE) to streamline government regulations and reduce spending. Recently, Elon Musk and Vivek Ramaswamy visited Capitol Hill to discuss their newly-announced advisory team that will cut regulations and spending within the federal government. Visuals from the Capitol visit showed the two billionaires smiling as they prepare to take on their new roles. The two billionaires appeared optimistic and ready for their new roles, smiling as they made plans for the future. ALSO READ:Trump, Jill Biden 'absolutely in love', say netizens as their friendly banter at Notre Dame re-opening goes viral
09.12 / 12:53
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YesMadam's mass firing of stressed employees sparks controversy - Netizens debate if it is PR stunt or blunder?
YesMadam, a Delhi-NCR-based home salon services company, is under scrutiny after reports emerged that it terminated over 100 employees based on the results of a workplace stress survey. The incident has sparked widespread criticism online, with many questioning the company’s approach to employee well-being. Amid this, many have also questioned if this is some kind of a PR stunt by the company to grab attention. According to reports, the company conducted a survey to assess stress levels among its workforce. Employees who indicated significant levels of stress were allegedly let go immediately. A screenshot of an email from YesMadam’s Human Resources department, which has gone viral on social media, outlines the decision. The email reportedly states that the company parted ways with employees identified as experiencing major stress as part of its efforts to maintain a healthy work environment. The screenshot was posted on LinkedIn by Anushka Dutta. According to her bio, she is a UX copywriter at YesMadam. In her social media post, she shared a screenshot of the email and expressed frustration over the company's actions, highlighting that over 100 employees, including herself, were abruptly terminated after participating in a stress survey. She questioned the company's decision and tagged the incident as a mass firing. It should be noted that she did not share the screenshot of the mail addressed to her.
09.12 / 12:53
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Higher interest rates on FCNR(B) deposits for NRIs: Check latest NRE FD rates in SBI, HDFC Bank, Axis Bank, PNB
A ‘Non-Resident Indian’ (NRI) is a citizen of India who resides outside India. An NRI account can be opened jointly with a resident Indian on a former or survivor basis. There are different types of NRI accounts, including Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts. For NRIs looking to invest and retain their foreign currency while simultaneously earning high returns, FCNR (B) accounts can be a great choice. Most banks book FCNR deposits in the US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars.
09.12 / 12:53
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Winter end of season sales begin; brands running discounting in-store and online
Levis, Bata, Puma, Woodland, Wrangler, Biba, Adidas, Flipkart, Myntra, Nykaa Fashion, Shoppers Stop and Lifestyle are some who have already started discounting in online or stores or both, coming days after the heavy discounting during the Black Friday weekend sale in end-November. “Winter has become shorter and there is no point dragging inventory for a longer period,” said shoe and apparel brand Woodland India chief executive Harkirat Singh. The retailer started its sale earliest ever this year but Singh said discount is steep only on the slow sellers unlike previous two years when it was across the board.
09.12 / 12:53
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International
Taiwan boosts defence readiness amid Chinese warship movements
The Ministry of National Defence (MND) issued a statement confirming the manoeuvres, noting that the People's Liberation Army (PLA) had designated seven areas east of Zhejiang and Fujian provinces as temporary airspace reservations until Wednesday. These areas are typically designated for exclusive use during specific periods. In response to the PLA's activities, the MND initiated war-preparedness drills at strategic locations across the island and is closely coordinating with the Coast Guard Administration to implement appropriate countermeasures.
09.12 / 12:13
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Taking a bath is old - Japan's ‘Human Washing Machine’ cleans you in 15 minutes using AI. Check features, specifications
Mirai Ningen Sentakuki, or the “Human Washing Machine,” is an AI-powered invention by Osaka-based Science Co. Promising to cleanse the body and calm the mind in just 15 minutes, this futuristic machine is designed for efficiency and relaxation, making it a potential game-changer for those short on time.
09.12 / 12:13
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Who is Sanjay Malhotra, the new RBI governor appointed by the central govt?
Sanjay Malhotra as the new governor of Reserve Bank of India. Malhotra is set to replace Shaktikanta Das whose tenure ends of December 10.
09.12 / 12:13
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Stock market update: Sugar stocks down as market falls
Simbhaoli Sugars Ltd.(up 1.11%), Shree Renuka Sugars Ltd.(up 0.89%), Dhampur Sugar Mills Ltd.(up 0.66%), Rajshree Sugars & Chemicals Ltd.(up 0.61%), Rana Sugars Ltd.(up 0.55%), Bajaj Hindusthan Sugar Ltd.(up 0.45%), Uttam Sugar Mills Ltd.(up 0.34%), DCM Shriram Industries Ltd.(up 0.22%), KM Sugar Mills Ltd.(up 0.12%) and Ponni Sugars(Erode)Ltd.(up 0.10%) stood among the top gainers.
09.12 / 12:13
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Indian workers lead Global South in adapting to AI, tech revolution: Report
The report highlights the dynamic nature of India's job market, where artificial intelligence, machine learning, and automation are becoming integral. «While global trust in governments to support upskilling remains low at 20 per cent, Indian respondents (31 per cent) and those in Saudi Arabia (35 per cent) demonstrated significantly higher confidence in their governments.
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