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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
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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09.12 / 11:03
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Latest WTC Points Table after South Africa's win over SL: What's India's chances now
World Test Championship (WTC) points table after a convincing 2-0 series victory over Sri Lanka at home. The Proteas' triumph, led by captain Temba Bavuma, dislodged Australia from the top position. With this win, South Africa now requires just one more victory in their upcoming two-match series against Pakistan to secure a spot in the WTC Final.
09.12 / 11:03
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Rajya Sabha adjourned for the day amid uproar over alleged link between Congress leaders and Soros
«The purpose of that meeting was to ensure that the House runs smoothly. Both sides had a frank discussion and they signalled two things. One, that integrity, and sovereignty of the nation are sacred for us. We cannot allow any forces within the country or outside to sacrilege our unity, our integrity and our sovereignty,» Dhankhar said, adding that the leaders have agreed to meet in his chamber again at 10:30 am on Tuesday. The Chairman then appealed to all members to carefully consider the oath of the Constitution they have taken to ensure the integrity of the nation on a priority basis.
09.12 / 11:03
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Stock market update: Nifty Auto index 0.77%
Shares of Balkrishna Industries Ltd.(up 1.83 per cent), Apollo Tyres Ltd.(up 1.35 per cent), MRF Ltd.(up 1.17 per cent), Exide Industries Ltd.(up 0.93 per cent) and Bharat Forge Ltd.(up 0.65 per cent) ended the day as top gainers in the pack.
09.12 / 11:03
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Startups positioning India for exponential economic growth: Zupee founder Dilsher Malhi
economic growth, Dilsher Malhi, founder and CEO of online gaming platform Zupee, said on Monday. Speaking at the India Internet Governance Forum (IIGF) 2024, Malhi said startups are adding value to society's experiences and redefining how people experience education, healthcare, travel, and entertainment. «India has become the world's third-largest startup ecosystem and we believe this has happened mainly because of the endless possibilities that arise from a credible digital public infrastructure consisting of UPI and Aadhaar, and the penetration of mobile phones across the country. Now with the Bharat 6G vision, the semiconductor mission and the AI mission, startups are positioning India for an exponential economic growth,» he said. Speaking on the concept of «gamification» in addressing real-world challenges, Malhi described how startups are evolving from merely providing solutions for immediate problems--what he referred to as «painkillers»--to offering enriching experiences that enhance well-being, termed «vitamins.»
09.12 / 11:03
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Coal Scam: Special CBI court convicts Abhijeet Infrastructure Pvt Ltd, two others
Manoj Kumar Jayaswal and its former director Ramesh Kumar Jayaswal in a coal scam case related to the allocation of Brinda, Sisai, and Meral coal blocks in Jharkhand. In its case registered in 2016, the CBI had alleged that the company obtained the coal blocks by misrepresenting its financial position, acquisition of land for its proposed end-use plant, and other related claims, a statement from the agency said. Forged documents were used to secure the recommendation of the Ministry of Steel, Government of India, for the allocation of the coal blocks, the CBI said. Special Judge Arun Bhardwaj convicted Nagpur-based Abhijeet Infrastructure Pvt Ltd (AIPL), its Managing Director Manoj Kumar Jayaswal and former director Ramesh Kumar Jayaswal of cheating, criminal conspiracy and using forged documents as genuine. Their sentence will be pronounced later.
09.12 / 11:03
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PLI had led to Rs 1.25 lakh crore investments: PM Modi
production linked incentive (PLI) schemes have led to investments of over Rs 1.25 lakh crore, Prime Minister Narendra Modi said Monday. Speaking at the Rising Rajasthan Global Investment Summit 2024, he said the role of PLI scheme in increasing manufacturing in India is also increasing. «There is a lot of enthusiasm in Electronics, Specialty Steel, Automobiles and auto components, Solar, and Pharmaceuticals,» PM Modi said. «Investment of about Rs 1.25 lakh crore has been made in due to PLI scheme. Products worth about Rs 11 lakh crore have been manufactured and exports have increased by Rs 4 lakh crore,» he said.
09.12 / 11:03
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India questions Musk's Starlink for more clues in $4.2 bln drug smuggling case
Elon Musk's Starlink seeking details of who purchased its internet device that helps in sea navigation when smugglers with $4.2 billion worth of meth were caught in the biggest such Indian seizure. Two people with direct knowledge of the police notice sent by Andaman and Nicobar island officials said Starlink had been asked for the purchaser's name and payment method, registration details and where the internet device was used when smugglers travelled in international waters from Myanmar to India. Starlink and Andaman police did not respond to Reuters request for comment.
09.12 / 10:57
Trump family and allies to bask in crypto industry's euphoria at Gulf bitcoin gathering
World Liberty Financial, a crypto platform launched in September that Donald Trump and his family helped form. Eric Trump will deliver Tuesday's keynote address at the Bitcoin MENA conference, which is projected to draw more than 6,000 people, and will then hold a «whale-only» chat in the conference's VIP lounge, according to the event's agenda.
09.12 / 10:57
UK business optimism lowest in almost two-years amid significant output decline
In November, the BDO Optimism index from the consultancy firm BDO dropped by 5.81 points, reaching 93.49 and hitting its lowest level since January 2023. The 5.81 fall marked the largest monthly drop recorded by the index since August 2021, with the decline likely reflecting businesses' reaction to the Autumn Budget introduced by UK Chancellor Rachel Reeves on 30 October. UK 'losing out' on growth due to excessive FCA regulation Among the measures presented by the chancellor at the time were a hike in employer National Insurance contributions and a higher National Living Wage. K...
09.12 / 10:57
FIVE
Strategy
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Hargreaves drops Ninety One UK Sustainable Equity fund from Wealth Shortlist as it seeks merger
Joseph Hill, senior investment analyst at HL, said it had been informed by Ninety One that it had conducted a strategic review of its fund range, and as a result, was intending to merge the UK fund into the global strategy. EdenTree and Ninety One set to adopt SDR 'Sustainability Impact' label «This reflects a reduction in the number of UK equity funds the business will run, from five to three and means the UK Sustainable Equity fund will no longer exist in its current form,» Hill said. The merger is still subject to shareholder resolution, but HL has taken the decision to remove t...
09.12 / 10:53
09.12 / 10:53
UPS
Provident
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Platform
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UAE's AI Office partners with UiPath to further key National AI Strategy objectives
UAE government announced a partnership with UiPath, a leading enterprise automation and AI company, to advance Agentic Automation — a transformative approach to automation powered by AI. This collaboration will focus on developing AI-powered automation solutions across government entities while equipping UAE talent with critical AI skills. The Memorandum of Understanding, aligned with the UAE National Strategy for AI and supporting the UAE's vision to become a global leader in AI by 2031, was signed by Omar Sultan Al Olama, minister of state for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Daniel Dines, founder and CEO of UiPath, along with the UiPath team
09.12 / 10:53
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Stock market update: Mining stocks down as market falls
Madhav Marbles & Granites Ltd.(up 3.08%), Ashapura Minechem Ltd.(up 2.34%), Pokarna Ltd.(up 2.00%), NMDC Ltd.(up 1.21%), Sandur Manganese & Iron Ores Ltd.(up 1.00%) and KIOCL Ltd.(up 0.75%) stood among the top gainers.
09.12 / 10:53
UPS
Analysis
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Trident, Welspun Living, other textile stocks jump up to 10% amid financial woes in Bangladesh's garment group
textile stocks on Monday which shot up 14% in the intraday trade. The stocks rose on expectations of manufacturing orders shifting to India. The eastern neighbour’s fallout with Punjab-based Trident took the lead. Trident shares on Monday ended at Rs 38.04, up by 10.4% while Himatsingka settled at Rs 211, gaining over 8%. Meanwhile, Welspun Living and Gokaldas Exports shares finished at Rs 1,035 and Rs 173.60, respectively surging by 6.5% and 5.7%.
09.12 / 10:53
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FIVE
film
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International
450 plots near Noida Airport receives over 1 lakh applications; Land prices in Jewar nearly doubles in 5 years
Yamuna Expressway Industrial Development Authority (YEIDA) has received an overwhelming response to its residential plot scheme launched near the upcoming Noida International Airport. A total of 1.12 lakh applications have been submitted for just 451 plots, generating a revenue of approximately ₹4,800 crore from registrations alone, a Moneycontrol.com report stated.
09.12 / 10:53
Netflix
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Squid Game, South Korea's Netflix mega hit, is back as Seoul battles real-life political chaos
Yoon Suk-yeol survived an impeachment motion over the weekend for his move, which plunged the country into its worst political crisis in about four decades. The show's return comes just days after South Korean President triggered a national crisis by briefly declaring martial law, until he was forced into a dramatic reversal by determined lawmakers. Yoon remains in office having survived an impeachment bid, with his party accused of staging a «second coup» to cling on to power. ALSO READ: Song Jae Rim death: South Korean actor's last Instagram post sparks concern among fan
09.12 / 10:53
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Kia India to hike vehicle prices by up to 2% from January
Kia India Senior Vice President — Sales and Marketing — Hardeep Singh Brar said the company is committed to deliver technologically advanced vehicles of the highest quality to customers. «However, due to the persistent rise in commodity prices, unfavourable exchange rates, and increased input costs, a necessary price adjustment has become unavoidable,» he added.
09.12 / 10:53
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Sensex falls! These stocks fell 5% or more in Monday's session
On the BSE, Mishtann Foods(down 19.96 per cent), Vision Corp(down 14.49 per cent), Conart Engg(down 13.53 per cent), Novateor Research(down 9.98 per cent) and IO System Ltd(down 9.96 per cent) stood among the top losers in today's trade.
09.12 / 10:53
09.12 / 10:53
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Stock market update: FMCG stocks down as market falls
Umang Dairies Ltd.(up 14.44%), Future Consumer Ltd.(up 3.58%), LT Foods Ltd.(up 3.17%), Sheetal Cool Products Ltd.(up 2.12%), Bajaj Consumer Care Ltd.(up 1.77%), Bikaji Foods International Ltd.(up 1.41%), Hatsun Agro Products Ltd.(up 1.01%), Dodla Dairy Ltd.(up 0.92%), Tasty Bite Eatables Ltd.(up 0.65%) and Heritage Foods Ltd.(up 0.53%) stood among the top gainers.
09.12 / 10:29
Sustainability
awards
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country
inclusion
Trident Group plans to invest Rs 3,000 cr in Madhya Pradesh
Trident Group plans to invest Rs 3,000 crore in Madhya Pradesh to expand its operations in the state resulting in 3,000 new jobs, its Chairman Rajinder Gupta said on Monday. The Ludhiana-based vertically integrated textiles firm currently has operations involving sourcing cotton to produce finished goods in the state, it said in a regulatory filing. «We ventured into Madhya Pradesh a few years ago and invested Rs 5,000 crore. Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising,» Gupta said while speaking at the Madhya Pradesh Regional Industry Conclave. Looking ahead, Gupta said the group «plans to invest an additional Rs 3,000 crore in the state's textile sector which will expand employment opportunities here at Trident Group from the current 12,000 to over 15,000».
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