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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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04.12 / 16:03
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Zepbound: The new weight loss pill that’s set to beat Wegovy, according to Eli Lilly
Eli Lilly’s weight loss drug, Zepbound, has been shown to lead to more significant weight loss than Novo Nordisk’s Wegovy, according to results from a new clinical trial. The study, funded by Lilly, is the first to compare the two drugs directly, providing valuable insights into their efficacy for weight loss. Lilly announced the results on Wednesday, claiming that Zepbound outperforms Wegovy, which has been a leader in the weight loss market.
04.12 / 16:03
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DoT seeks views from Trai on allocation of satellite spectrum: MoS
Department of Telecom (DoT) has sought views on norms for allocating satellite spectrum from sector regulator Trai, Parliament was informed on Wednesday. The government has decided to allocate spectrum for satellite communication services through an administrative mechanism while telecom operators are required to purchase the radiowaves through auction. Minister of State for Communications, Pemmasani Chandra Sekhar in a written reply to the Lok Sabha said that spectrum assigned administratively are also chargeable and hence contribute to revenue.
04.12 / 16:03
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Naga Chaitanya-Sobhita Dhulipala wedding photos out: First pics go viral as couple ties the knot in star-studded ceremony
Annapurna Studios, established in 1976 by Naga Chaitanya’s grandfather, the legendary Akkineni Nageswara Rao, provided a fitting backdrop for this momentous occasion. The 22-acre property in Banjara Hills, Hyderabad, is not only a symbol of cinematic legacy but also a cherished part of the Akkineni family’s history. The venue was adorned with traditional decor, reflecting the couple’s deep-rooted respect for their heritage.
04.12 / 16:03
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Salesforce shares scale record high on promising AI tools
Salesforce shares climbed about 11% to a record high on Wednesday after the customer relationship management software maker topped quarterly sales estimates and provided an upbeat forecast for its newly launched AI-integrated products. The company is banking on Agentforce to reenergize its growth as tech firms tap into rising demand for AI agents that can autonomously complete tasks. «We came away more confident about CRM's initial success driving its Agentforce AI agent builder platform across the enterprise space,» said Angelo Zino, senior equity analyst at CFRA Research, adding that it would drive upside by the second half of next year and in 2026.
04.12 / 16:03
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NBFCs get funds from MFs amidst low bank funding
Mutual Fund (MF) debt exposure to NBFCs, which includes their subscriptions to Commercial Papers (CPs) and corporate debt has hovered over Rs 2 lakh crore for more than six months. Their outstanding debt exposure touched Rs 2.33 lakh crore in October 2024, a year on year (y-o-y) increase of 47.1 percent. Though the break-up of iexposure to CPs and bonds Is not available, experts say that NBFCs have seen a higher growth in resources raised through bonds than CPs. NBFCs reduced issuances due to concerns on the sustainability of high growth in their loan portfolio, according to Care Edge Ratings. In comparison, bank lending to NBFCs, which has been a major source of funding for NBFCs rose 6.4% y-o-y growth which has reduced to nearly a third when compared to the growth rate reported in October 2023. Bank lending to the sector has remained in the range of Rs 14-15 lakh crore since November 2023 when the Reserve Bank raised risk weights on bank lending to NBFCs.
04.12 / 16:03
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Is everything fine with the future King? Prince William's close aide and right-hand man has resigned, citing a personal reason in an emotional post
Rob Dixon, who has already served as an equerry to Prince William since the year 2020 eventually announced his departure from the role in an emotional LinkedIn post while stating it was ‘time to move on’, reported People. According to People, in his message, Rob Dixon expressed his gratitude for the ‘incredible opportunity’ to serve while highlighting how the role allowed him to grow and contribute alongside a talented team. He also reflected on significant events during his tenure which included the funerals of Prince Philip and Queen Elizabeth II, the Platinum Jubilee celebrations and King Charles III’s coronation. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult
04.12 / 16:03
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Beverage association say taxation "a bottleneck at all levels"
Indian Beverage Association (IBA), which counts Coca-Cola, Dabur, PepsiCo, Reliance Consumer Products and RedBull as members, said it is “concerned” over a likely further increase in the goods and services tax (GST) rate on aerated drinks. “We have zero-sugar products taxed at 40% today. We have made representations at all levels to the government, including to the GST Council, but taxation remains a bottleneck at all levels,” C.K. Jaipuria, chairperson of the IBA, said at a National Beverage Conclave on Wednesday. According to media reports earlier this week, a group of ministers (GoM) has recommended increasing GST rates on carbonated beverages, cigarettes and tobacco to 35%. As of now, all carbonated drinks are taxed at 28% and an added compensation cess of 12%, which takes the overall tax on the category to 40%.
04.12 / 16:03
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US services sector activity takes breather in November
US services sector activity slowed in November after posting big gains in recent months, but remained above levels consistent with solid economic growth in the fourth quarter. The Institute for Supply Management (ISM) said on Wednesday that its nonmanufacturing purchasing managers index (PMI) slipped to 52.1 last month after surging to 56.0 in October, which was the highest level since August 2022. Economists polled by Reuters had forecast the services PMI easing to 55.5. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy. The ISM views PMI readings above 49 over time as generally indicating an expansion of the overall economy.
04.12 / 16:03
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Assam’s council of minister expansion to take place on December 7
Assam Chief Minister Himanta Biswa Sarma announced that a Cabinet expansion would take place on December 7 next. Assam cabinet meeting on Wednesday approved the unveiling of projects worth Rs One lakh crore project Another decision taken by the Cabinet is to convert the four-lane stretch of road leading to Lokapriya Gopinath Bordoloi International Airport to a six-lane one. An additional amount for Rs.116 crore for the six-lane road has been allocated from the state budget. The estimated cost for the project will be Rs.474 crore. The Cabinet decided to institute a separate literary award after noted litterateur Dr Homen Borgohain for those who are getting government pension. A one-time assistance for Rs.50,000 will be given to those who are already receiving any other pension. It was decided that the monthly literary pension will be given to individuals except government employees.
04.12 / 15:41
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Bengaluru Rains: Are schools closed tomorrow? Find out here
Indian Meteorological Department (IMD) issued a yellow alert for the city, warning of more rains in the coming days due to Cyclone Fengal. Despite the adverse weather conditions, there has been no official announcement regarding school closures in Bengaluru for Thursday.
04.12 / 15:41
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Manipur HC forms committee to probe disappearance of Meitei man
Manipur High Court has constituted a committee to conduct a probe in connection with the disappearance of the Meitei man, Laishram Kamal Babu who has been missing since November 25. A two-judge bench of the Manipur High Court, comprising Justices D Krishnakumar and Golmei Gaiphulshillu heard the petition filed by brother of Kamal Babu on Tuesday. The first hearing took place on November 27 where the Court issued notices to all the parties. With respondents failing to reply,the Manipur High Court constituted a committee consisting of the Kangpokpi's District Magistrate (DM) and Superintendent of Police (SP), SP of Imphal West and the Chief Security Officer (CSO) of the Army's 57 Mountain Division, who would be Colonel rank officers.
04.12 / 15:41
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Several measures undertaken to address 'Sarpanch Pati' practice: Government
Union Ministry of Panchayati Raj is undertaking several measures, including the use of community radio, to spread awareness against the "Sarpanch Pati" system, the government informed the Rajya Sabha on Wednesday. The «Sarpanch Pati» system is a practice in which the husband of an elected woman sarpanch wields the actual power. In a written reply to a question in the Rajya Sabha, Union Minister of State for Panchayati Raj SP Singh Baghel said various modes of information, education and communication activities, media engagement, conferences, seminars, training programmes, screening of public service awareness films, broadcasting of programmes through community radio were being done to spread awareness on issues such as the «Sarpanch Pati» system.
04.12 / 15:41
04.12 / 15:41
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What does December 2024 have in store for you? Here's what astrologers are saying for various zodiac signs
zodiac signs and the fate they have in store for people in the month of December. It looks like, for many, the last month of the year could bring in some immense amount of luck and fortune, but some need to be mindful about Mars and the Moon.
04.12 / 15:41
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Who was Brian Thompson? UnitedHealthcare CEO shot dead in New York city
Brian Thompson, the 50-year-old CEO of UnitedHealthcare, was shot dead outside the New York Hilton Midtown hotel on Wednesday morning, according to police reports, as told to the NY Post. The shooting took place at around 6:46 a.m. as Thompson was arriving early for an investor conference hosted by UnitedHealth Group, the parent company of UnitedHealthcare.
04.12 / 15:41
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Doc: New Fox medical drama’s release date, time, plot, cast and production team
Molly Parker as a doctor navigating life and work after a significant brain injury.
04.12 / 15:41
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Rajya Sabha passes Boilers Bill
Rajya Sabha Wednesday passed The Boilers Bill, 2024 which seeks to repeal the century old Boilers Act, 1923 and decriminalise seven offences to promote ease of doing business. The Bill would provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration. The Union Cabinet had cleared the bill in August. “The Boiler Bill, in a way, keeps the country safe and secure. It provides for a clear and transparent regulatory mechanism and sets accountability,” said commerce and industry minister Piyush Goyal.
04.12 / 15:41
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Akash Systems signs $27 million deal with NxtGen for diamond cooled AI servers
Akash Systems, backed by global investors Peter Thiel and Vinod Khosla on Wednesday said it signed a $27 million (approximately Rs 225 crore) contract with India’s largest sovereign cloud provider NxtGen Datacenter and Cloud Technologies, to deliver its ‘diamond cooled’ AI servers across India. “The collaboration will position NxtGen as the world’s most energy-efficient AI compute solutions provider by using Nvidia and AMD GPUs (graphic processing units) that are ‘diamond cooled’ by Akash. The new servers will support NxtGen’s mission to provide energy-efficient and cost-effective AI compute services to enterprises of all sizes across India,” both the companies said in a joint statement. “We are collaborating with Akash to set an industry benchmark for sustainable AI. Through a combination of Akash’s diamond cooling, waterless liquid cooling, and advanced GPUs from NVIDIA and AMD, we are able to double the performance per watt,” said AS Rajgopal, CEO & MD of NxtGen.
04.12 / 15:41
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Amid legal woes with Angelina Jolie, Brad Pitt opens up about emotional struggle, expresses his desire
Brad Pitt has opened up about his emotional struggles this holiday season and his ultimate wish is for his kids to spend time with him this Christmas. According to a report in Page Six, the Oscar winner is «missing» his children this holiday season. Brad Pitt, who will turn 61 on December 18, feels like Christmas “won’t be the same” unless he can spend some time with his children, the source told Page Six. Brad Pitt is “missing” his kids as his birthday and Christmas loom.
04.12 / 15:31
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Laurentian Bank seeks partner to fund $1 billion of Northpoint assets
Laurentian Bank of Canada is in talks with asset managers including private credit firms to fund around US$1 billion of assets for its equipment finance provider, Northpoint Commercial Finance, according to people with knowledge of the matter.
04.12 / 15:19
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New WhatsApp Beta update brings custom chat list features to Android
WABetaInfo, the update has been made available to a select group of beta testers, with plans to expand access in the coming days.Reportedly, the update is part of WhatsApp’s ongoing efforts to enhance its user experience. It builds on previous updates that introduced the ability to delete preset chat filters like "Unread" and "Groups." With this latest release, the functionality has been refined further, enabling users to manage, create, and delete custom chat lists directly from the chat interface.As per the report, to delete a preset filter, users can now simply tap and hold the filter, which reveals an option to remove it.
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