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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
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MET
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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04.12 / 19:25
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Banks stick to certificates of deposits to keep lending
certificates of deposit (CD) to finance demand for credit, as mobilising traditional deposits remains a challenge. Funds raised by issuing these typically short-term financial instruments grew 57% till November 15 this fiscal year to more than ₹6 lakh crore, compared with around ₹3.9 lakh crore a year earlier, according to Reserve Bank of India data. Outstanding CDs at the end of November 15 totalled ₹4.89 lakh crore. In the first 15 days of November, banks issued CDs worth ₹46,552 crore. «This increase is to meet banks' funding requirements to manage the gap between the credit offtake and deposit growth,» said Saurabh Bhalerao, associate director-BFSI research at CARE Ratings.
04.12 / 18:49
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Mahayuti stakes claim to form govt, Fadnavis to return as CM
Devendra Fadnavis will once again take over as chief minister of Maharashtra. On Wednesday morning, Fadnavis was unanimously elected as the legislative party leader at a BJP meeting at the state legislature, paving the way for him to be the chief minister of the state a third time. Fadnavis will be sworn in on Thursday. Fadnavis' name was proposed by MLAs Chandrakant Patil and Sudhir Mungantiwar and seconded by MLC Pankaja Munde and other members. Former Gujarat CM Vijay Rupani and Union finance minister Nirmala Sitharaman were the central observers overseeing the entire process. In his speech, Fadnavis thanked the legislators for electing him as the legislative leader. «If I have to analyse the results of this historic election, then the key message is 'Ek hai to safe hai' and 'Modi hai toh Mumkin hai',» Fadnavis told the BJP legislators. Fadnavis issued a note of caution to the BJP MLAs saying, «There are a lot of expectation from us. We have a huge mandate. We can't fulfil all the things that everyone wants. The larger goal for why we have come into politics is not for just any post or to become big. In the coming days, things will happen in our favour and things will go against us. In the larger interest, we have to work together,» Fadnavis said hinting that the BJP will also have to compromise in the interest of its two allies — Shiv Sena and NCP.
04.12 / 18:49
markets
Digital
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Justice
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Courts
You can't claim parity with other ex-ministers: SC to Partha Chatterjee
Supreme Court on Wednesday reserved its judgment on a bail plea by former Trinamool minister Partha Chatterjee in a money laundering case filed by Enforcement Directorate in an alleged cash-for-jobs scam. A bench of justices Surya Kant and Ujjal Bhuyan observed that Chatterjee cannot claim parity with co-accused since they were not ministers. «On the face of it, you are a corrupt person. What message do you want us to send to society? That corrupt persons can get bail like this?,» justice Kant verbally told the counsel for the former education minister. The bench also found no force in the contention raised by Chatterjee's counsel that former ministers in other money laundering cases have been granted bail by the top court.
04.12 / 18:49
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shooting
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UnitedHealthcare CEO shot dead outside New York hotel: What do we know about suspect gunman killer of Brian Thompson?
The shooting occurred around 6:45 a.m. (ET) outside the Hilton on Sixth Avenue, where the company's annual investor conference was about to take place. Thompson was rushed to a nearby hospital, where he was pronounced dead. Police said the gunman remains at large. «This does not appear to be a random act of violence,» New York City Police Commissioner Jessica Tisch said at a press conference. «Every indication is that this was a premeditated, pre-planned, targeted attack.»
04.12 / 18:49
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Nearly 3,000 drugs failed quality test in FY24; 282 were spurious
drug samples tested for quality, 2,988 have been declared as not of standard quality and 282 were found to be spurious, according to government data for the year 2023-2024. Prosecutions were launched in 604 cases for manufacturing, sale and distribution of spurious drugs, the data revealed. The government has been running a major drive against spurious and substandard drugs. As per the data from the Central Drugs Standard Control Organisation (CDSCO) there are approximately 10,500 units in the country which are manufacturing different types of dosage forms and APIs. «The govt has been carrying out raids in pharmaceutical companies in various states and those which were found to be in violation of regulations and were issued show cause notices,» said a senior person in the know.
04.12 / 18:49
Provident
Action
security
Software
Experts
Bangladesh's Yunus regime yet to act against Indian cultural centre attackers
The centre, which promoted several local talents, was burnt down by Islamists after the then PM Sheikh Hasina's ouster and no action has been initiated against perpetrators, senior sources pointed out. The Indian diplomats in Dhaka have also faced life threats in the days after Hasina's ouster, following which Bangladesh Army had to provide protection, a source recalled. Security had to be beefed up near the residences of the diplomats and chancery as local police failed to act and some staff from the Indian diplomatic mission in Dhaka were also recalled.
04.12 / 18:49
Cooper
Software
awards
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Department
prevention
Investigations
Ministry of Finance meets PSBs, investigative agencies on bank frauds
public sector banks (PSBs), other ministries and investigating agencies, including Central Bureau of Investigation (CBI), for expeditious and effective investigation in bank fraud cases. In a statement the finance ministry noted that enhance inter-departmental cooperation among different departments, CBI and PSBs for expediting investigation will have salutary deterrent effect and is likely to further catalyse resolution of stressed banking assets. «All measures were discussed for expeditious investigation in bank fraud cases,» it said noting that amendments made to Prevention of Corruption Act, 1988, to prevent investigation and prosecution of bankers for bonafide decisions has had a positive impact.
04.12 / 18:49
security
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Allegiant
DAL
International
Narain Singh Chaura, who attacked Badal, a former member of Babbar Khalsa International
Sukhbir Singh Badal, had allegiance to a banned Khalistani outfit and was facing 21 criminal cases, registered during 1980-90, at the peak of the Khalistan movement, the Punjab Police has said. The shooter, identified as Narain Singh Chaura (68), is a former member of banned Babbar Khalsa International (BKI), a Khalistani terrorist organisation. Punjab Special DGP (Law & Order) Arpit Shukla said that Chaura has more than 21 criminal cases registered against him. Police is interrogating him and questioning him to find out whether more people or any pro-Khalistan elements from abroad are involved in the conspiracy, he added. He was also involved in the 2004 Burail jailbreak case. He helped terrorists Jagtar Singh Hawara, Paramjit Singh Bheora and two others escape from prison, Shukla added. He was released on bail and has been acquitted in a few cases. Shukla added that a detailed security deployment was in place, with 175 police personnel in plain clothes on duty, led by an AIG-level officer. He credited the timely intervention of the police personnel, including Rashpal Singh, who identified Chaura and followed him as he attempted to fire at Badal.
04.12 / 18:49
BLOCK
security
Software
awards
Experts
RAI
Indus
Vi board meet on Dec 9 to consider upto Rs 2000 cr capital raise by share issue to co-promoter Vodafone
Vodafone Idea (Vi) has scheduled a board meeting on December 9 to consider upto a Rs 2,000 crore fundraise via issuance of equity shares and or convertible securities on a preferential basis to co-promoter, Vodafone Group Plc. The late night exchange filing came even as UK’s Vodafone announced plans earlier today to invest a portion of its residual 3% Indus Towers stake sale proceeds in Vodafone Idea (Vi) against fresh shares to help its Indian telecom joint venture with the Aditya Birla Group clear a portion of its old dues to Indus. “…a meeting of the Board of Directors of the Company is scheduled on December 9, 2024, inter-alia, to consider a proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” Vi said in a late evening exchange filing.
04.12 / 18:49
04.12 / 18:35
UPS
Mobile
community
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Features
OnePlus Community Sale 2024: Deals on flagship smartphones, Nord series and IoT devices
OnePlus 12R, introduced earlier this year, combine cutting-edge technology and design. The OnePlus 12, powered by the Snapdragon 8 Gen 3 chip, offers features like a 2K 120Hz ProXDR display, 100W SUPERVOOC charging, and the 4th Gen Hasselblad Camera for Mobile, while the 12R is tailored for gamers.OnePlus Open Apex EditionBuyers can avail an instant ₹20,000 bank discount on this foldable device with select credit cards and a no-cost EMI option of up to 12 months.OnePlus Nord 4The OnePlus Nord 4 boasts flagship-level features, including a 5,500mAh battery, Snapdragon 7+ Gen 3 processor, and 100W SUPERVOOC charging.
04.12 / 17:07
Citi
FIVE
Reuters
Food
President
Hess
information
Cargill layoffs not expected to impact Canadian union jobs: UFCW
Cargill’s plans to slash thousands of jobs across its global workforce are not expected to impact front-line, unionized positions in Canada, according to the union representing the bulk of the food giant’s Canadian workers.
04.12 / 17:07
04.12 / 16:41
04.12 / 16:35
04.12 / 16:35
Citi
Target
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shooting
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UnitedHealthcare's CEO is shot and killed outside a New York City hotel, AP source says
UnitedHealthcare CEO Brian Thompson has been fatally shot outside a hotel in midtown Manhattan
04.12 / 16:35
COST
UPS
Citi
Mexico raises its minimum wage by 12%, but it marks no increase in dollar terms
Mexico has decided to increase its still strikingly low daily minimum wage by 12% next year
04.12 / 16:35
markets
UPS
Food
Research
show
testing
patient
Zepbound tops Wegovy for weight loss in Eli Lilly study
Shares of Eli Lilly climbed early Wednesday after the drugmaker detailed a study showing that its blockbuster weight-loss drug Zepbound helped patients shed more pounds than Wegovy from rival Novo Nordisk
04.12 / 16:21
markets
Software
PAM
country
politician
Bangladesh's Muhammad Yunus urges unity to counter 'Indian aggression'
Muhammad Yunus on Wednesday urged the country's politicians to keep differences at bay and put up a united front to counter "Indian aggression". The Muslim-majority nation saw a student-led uprising in August, toppling autocratic premier Sheikh Hasina and ending her 15-year rule. India — Hasina's biggest international patron and the destination of her exile — has accused Yunus' administration of failing to protect minority Hindus, straining ties between the neighbours.
04.12 / 16:21
markets
Software
PAM
innovations
Department
Israel’s six key economic clusters seek partnerships with India
Nir Barkat has expressed profound gratitude to India for its unwavering support, highlighting Prime Minister Narendra Modi’s prompt solidarity following the October 7 terror attacks. Speaking to ET on a visit to India to push investment and technology partnership Barkat elaborated on Israel’s innovative economic model, which identifies six key clusters driving exports. These include advanced manufacturing, life sciences, and high-tech and desert-tech sectors. The approach involves aligning infrastructure to these clusters, creating specialized facilities like labs that cater to multiple startups. For instance, shared laboratories for agri-tech companies not only reduce costs but also foster a collaborative ecosystem, Barkat noted.
04.12 / 16:21
markets
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Ahead of Market: 10 things that will decide stock market action on Thursday
cash reserve ratio (CRR) by the Reserve Bank of India (RBI) later in the week. The benchmark S&P BSE Sensex gained 110.58 points or 0.14% to settle at 80,956.33, while the broader Nifty 50 index closed at 24,467.45, higher by 10.30 points or 0.04%.
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