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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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08.12 / 16:05
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Myntra turns in a profit in FY24, revenue jumps 15% to Rs 5,122 crore
Myntra posted a net profit in FY24 from a net loss a year ago. This turnaround was driven by increased revenue and a reduction in overall expenses. The Bengaluru-based company reported a net profit of Rs 31 crore for fiscal year 2024, a significant improvement from the net loss of Rs 782 crore in the previous year. Operating revenue grew by 15% to Rs 5,122 crore from Rs 4,465 crore, per regulatory filings. Myntra, which entered quick commerce last week, has been working on reducing the cost of returns which has played a key role in reducing losses. Returns represent a significant expense for fashion businesses, where return rates typically range from 30-40%. The company has been discouraging returns by offering discounts and other benefits.
08.12 / 16:05
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Railways to run 13,000 trains for Maha Kumbh, says Ashwini Vaishnaw
Ashwini Vaishnaw on Sunday said the Railways would run about 13,000 trains, including 3,000 special ones, for the convenience of devotees during the Maha Kumbh. The Union minister, who reached Prayagraj by train from Varanasi to review the Railways' preparations for the mega event, expects about 1.5 to 2 crore passengers to reach the city by train during the mela. The Maha Kumbh will commence on January 13 on the occasion of Paush Purnima and conclude on February 26 on Mahashivratri.
08.12 / 16:05
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Chargers vs Chiefs Week 14 Showdown: How to watch the Sunday Night Clash live on TV and streaming
This thrilling clash promises to showcase intense competition as both teams strive to secure their positions in the division standings. The Chiefs, leading the AFC West, come into the game with strong momentum following a narrow 19-17 victory over the Las Vegas Raiders.
08.12 / 16:05
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CBI arrests senior official of central PSU, 2 others in Rs 10 lakh bribery case
Bridge and Roof Company (India) Limited, a central PSU, in connection with a bribery case after Rs 10 lakh was seized from a luxury car in which he was travelling in Bhubaneswar, officials said Sunday. Besides Chanchal Mukherjee, Group General Manager (GGM) of Bridge and Roof Company, two private persons — Santosh Moharana, Director of Penta A Studio Private Limited and middleman Debadutta Mohapatra — were also arrested for allegedly bribing Mukherjee, they said. The central probe agency had conducted a trap operation after registering a case against four persons including the three arrested accused. According to the CBI, the accused were allegedly indulging in corrupt and illegal activities in the matter of awarding work orders of the PSU and clearing bills in lieu of undue advantage in the form of bribe.
08.12 / 16:05
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Delhi police catch scamster in Hyderabad after 2,500 km chase
Hyderabad by the Delhi police on Saturday for forcing several youngsters from India to commit cyber crimes through fake call centres on the promise of getting them jobs abroad after a 2,500-km chase. The accused, Kamran Haider alias Zaidi, carried a reward of Rs 2 lakh on his information by the National Investigation Agency (NIA). Zaida, along with his associates, trafficked vulnerable young Indian men to the Golden Triangle Region in Southeast Asia, where the borders of Thailand, Laos and Myanmar meet, and force them to work in Chinese companies. Then, their passports would be taken away and they would be forced into cyber crimes.
08.12 / 15:13
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Can Camso transform tyre maker Ceat into a high-margin business?
Subscribe to enjoy similar stories. Anant Goenka, vice-chairman of RPG Group, recalls a chance meeting with an HSBC banker during a flight from Delhi to Mumbai some six months ago, which sparked the conglomerate's interest in acquiring Michelin's off-highway tyres and tracks business. In the next 4-6 months, Ceat faced a brief process as it had to navigate competing interests from Indian and Chinese tyre manufacturers that were also pursuing Camso.
08.12 / 15:13
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Can stocks pull off a third consecutive year of big gains?
Subscribe to enjoy similar stories. Wall Street is grappling with whether another year of robust gains is possible for a stock market that is looking precariously expensive. The S&P 500 has surged 28% in 2024 and is on pace for back-to-back annual jumps of more than 20% for the first time since a four-year stretch that ended in 1998.
08.12 / 15:13
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What can cats and dogs do for Godrej Consumer?
Subscribe to enjoy similar stories. Mumbai: Nepal traditionally celebrates Kukur Tihar, a Diwali festival to worship dogs (and lately Biralo, or cats) as loyal and loving friends. Japan has an entire island popular with tourists, where cats outnumber its human residents.
08.12 / 15:09
COST
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Adventure
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What will be the cost if you travel to all 193 countries? Gina Morello, who has done it, reveals
Gina Morello, originally from the USA and now based in Portugal, has achieved the remarkable feat of visiting all 193 United Nations member countries. In about two decades, she embarked on solo journeys, with 90 per cent of her travels undertaken alone. Once an aviation consultant, she transitioned to freelance work after the COVID-19 pandemic. Among her unique adventures, Morello has explored the isolated Wakhan Valley in Tajikistan, accessible only after a five-day horseback ride from Kabul, Afghanistan. She ventured to the Matsés people in the Amazon Rainforest via a two-day boat trip and visited the Bijago tribe in Guinea-Bissau, where women lead families. She’s also been to Sealand, the world’s smallest country, an offshore platform in the North Sea, and braved the extreme cold of Russia's Yamal Peninsula, where temperatures can drop to -50°C. Each destination offered her rare and extraordinary experiences, showcasing the diversity of the world’s most unconventional places.
08.12 / 15:09
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Donald Trump’s day one plan: Mass deportations, NATO withdrawal, and a Jan 6 pardon; Here's what he said
NBC's Meet the Press, U.S. President-elect Donald Trump shared significant policy plans for his upcoming term, providing insight into his priorities. The wide-ranging conversation touched on immigration, foreign policy, social security, and tax reforms, among other issues. Trump’s remarks signal the ambitious and often controversial changes he intends to pursue from day one in office.
08.12 / 15:09
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Indians in Syria safe, embassy in Damascus remains open: Sources
Indian Embassy in Damascus remains operational and is in constant communication with Indian nationals in Syria, sources confirmed. As the violence in Syria escalates, the embassy continues to provide support to the 90 Indian nationals in the country, ensuring their safety amidst the conflict.
08.12 / 15:09
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Donald Trump says he will not try to replace Federal Reserve's Jerome Powell
Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January. «No, I don't think so,» Trump said in an interview on NBC News' «Meet the Press with Kristen Welker.» He told Welker when asked if he would seek to replace Powell, who he has sparred with in the past over interest rate levels, «I think if I told him to, he would. But if I asked him to, he probably wouldn't.»
08.12 / 14:39
UPS
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BAY
India defeat Singapore, eye best-ever finish in Asian Women's Handball Championship
India registered a commanding 35-22 win over Singapore at the Asian Women's Handball Championship in Delhi on Sunday, opening up the opportunity for their best-ever finish in the tournament. India, who have never finished above sixth, will face China on Tuesday in the 5th/6th place playoff match. Charged by the backing of their fans, India opened the placement match against Singapore with high energy, leading 9-6 midway through the first half, courtesy Menika and Bhawana Sharma's consistent scoring. At the other end, captain Diksha Kumari and goalkeeper Nina Shil, who made key saves including a penalty, kept Singapore at bay.
08.12 / 14:39
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INDIA bloc leader will be chosen through consensus: RJD leader Tejashwi Yadav
Tejashwi Yadav on Sunday said he has no objection to any senior leader of the INDIA bloc, including TMC chief Mamata Banerjee, leading the coalition, but stressed that the decision must be reached through consensus. Yadav, who is the leader of the opposition in Bihar assembly, told reporters at the city airport, «INDIA bloc hasn't thought on this matter and there has to be a discussion involving all stakeholders.» «We have no issue with Mamata Banerjee leading the bloc, but keeping in mind there are so many senior politicians in the the anti-BJP coalition, there's a need to sit together and take a collective decision on choosing a leader,» he said.
08.12 / 14:39
Man
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Instagram
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International
Who is Hannah Kobayashi and could a fake marriage scam be behind her mysterious disappearance?
Hannah Kobayashi is a talented photographer from Maui, Hawaii, known for her striking mandala and geometric artwork shared widely on Instagram. Standing 5 feet 10 inches tall, with brown hair, hazel eyes, and a knife tattoo on her forearm, she carried a unique presence that resonated through her art and personality. Hannah had a passion for storytelling through photography and was travelling to New York for what she described as a «bucket list» experience. Her plans included spending time with her aunt in upstate New York and photographing a Brooklyn show on November 13. However, her journey took a mysterious turn after missing a connecting flight in Los Angeles on November 8. The timeline of events that followed has left her family and investigators puzzled.
08.12 / 14:39
Strategy
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NYT Mini Crossword Dec 8: Hints and answers to solve today’s challenge
While the larger crossword demands more time and focus, the Mini Crossword offers a swift and enjoyable challenge, perfect for puzzle enthusiasts looking to squeeze in some mental exercise during a busy day. The Sunday edition of the Mini Crossword, much like its full-size version, is typically lighter in difficulty compared to the notoriously tough Saturday puzzle, as mentioned in the report by Forbes.
08.12 / 14:39
markets
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Fundamentalist threats against ISKCON devotees increasing in Bangladesh: Radharamn Das
fundamentalist groups in Bangladesh are openly delivering sermons calling for the extermination of ISKCON devotees and their supporters. In a post on X, Das claimed, «In the past few days, fundamentalists in Bangladesh have been crisscrossing the country in private jets, delivering sermons calling for the extermination of ISKCON devotees and their supporters… the inaction of the Bangladeshi government in addressing these fundamentalists is even more appalling.» A purported video, which could not be independently verified by PTI, has also surfaced on social media showing a Bangladeshi fundamentalist leader allegedly referring to ISKCON as «a cancer» and urging followers to «uproot all ISKCON establishments» from Bangladesh. Das warned that such unchecked hate speech and instigation could trigger mass violence against minorities. «These individuals must be arrested immediately. Wake up, world,» he urged.
08.12 / 14:39
FIVE
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Seven hospitalised as fire guts photo studio in Pune
«We received a call at 5.52 pm about the incident. Five fire tenders were rushed to the spot to douse the blaze. The photo studio was gutted in the fire,» the fire brigade official said. Amid the raging fire, seven people were rescued and taken to a nearby hospital for treatment of smoke inhalation, the official said.
08.12 / 14:39
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Anand Mahindra's Sunday meal video goes viral: Dosa with a Bhangra flavour
Anand Mahindra, the third-generation scion of the Mahindra clan recently shared a video on X talking about what a Sunday meal looks like in his “typical Punjabi” home. The businessman’s tweet has amassed more than 86,000 views on the micro-blogging site with many finding the clip amusing. The video begins with the video of a family dressed in white “veshti” to depict the south-Indian traditional wear. The man sings in Punjabi about the famous South- Indian dishes- dosa, idli and vada. The visuals of the song also depict a plate filled with these delicacies, while the man continues to sing about the accompaniments- sambhar and coconut chutney. Anand Mahindra shared this video with the caption, “Sunday is Dosa Day at our home. We’re typical Punjabis.”
08.12 / 14:39
08.12 / 14:39
markets
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Election
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Maharashtra Congress chief urges ECI, SC to consider 'public demand' for ballot paper voting
Maharashtra Congress chief Nana Patole on Sunday urged the Supreme Court and the Election Commission to take note of the «growing public demand» for ballot paper voting in view of «doubts» about the mandate in assembly elections. The opposition Maha Vikas Aghadi has upped the ante against Electronic Voting Machines (EVMS) after the BJP-led Mahayuti won 230 out of 288 seats in the Maharashtra assembly elections. Patole claimed the Mahayuti victory didn't reflect the mandate of the people. «There is a widespread confusion among people about the new state government. A strong sentiment suggests that the government doesn't reflect the people's mandate,» Patole told reporters.
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