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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
markets
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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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02.12 / 02:19
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Bangalore schools holiday update: Amid heavy rains, has the govt ordered closure of schools today?
The city and its surrounding areas are expected to experience very heavy rainfall, accompanied by potential disruptions. This comes as part of the cyclone Fengal, which crossed the Tamil Nadu coast on November 30 night.
02.12 / 02:19
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Holiday season likely to cool pace of FPI sales in December
“While we could see some foreign selling in the next one week or so, the extreme selling should fizzle out as global investors typically have light positions in December,” said Abhilash Pagaria, head of alternative and quantitative research at Nuvama.
02.12 / 02:19
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Delhi Cyber police nabs fraudster Kalyan Roy, recovers Rs 2.40 lakhs
Kalyan Roy, a resident of Thakurmura village, Tripura (located at the Bangladesh border). The arrest led to the recovery of Rs 2.40 lakh, said the Cybercrime unit of Delhi Police. According to the Cybercrime unit's statement, the complainant, Sunil Verma, alleged that in September 2021, he came in contact with a foreign woman (American) on Facebook. The woman later sent him a WhatsApp message, claiming to be sending gold jewelry, mobile phones, laptops, and a few thousand American dollars through a courier. She requested him to accept these items on her behalf. The statement from Delhi Police's Cybercrime unit continued: «In October 2021, the complainant received a call from someone claiming to be a delivery partner, stating that a parcel containing precious items was lying at the courier office in his name. The caller requested a fee to release the parcel.»
02.12 / 02:19
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Former Israeli Defence Minister Moshe Yaalon accuses Israel of committing war crimes in Gaza
Gaza Strip, a rare critique from a member of the security establishment at a time of war. The comments by Moshe Yaalon — first on Saturday, and then multiple times on Sunday, including in an interview with one of Israel's biggest television channels — came amid mounting criticism of the Israeli military's conduct in Gaza. They were swiftly denied and condemned by allies of Prime Minister Benjamin Netanyahu of Israel, saying that they would hurt the country and help its enemies. Yaalon served as the Israeli military's chief of staff during the second intifada and as Netanyahu's defense minister during the 2014 war in Gaza, the longest conflict between Israel and Hamas before the current war. But he broke with Netanyahu in 2016 and has since become a critic of the Israeli leader.
02.12 / 02:19
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GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Q2 GDP data, which came at 5.4% against an expectation of 6.5%. Analysts said investor sentiments going forward will be directed by geo-political developments and FII activity with the market likely to remain range-bound amidst mixed global cues and lack of domestic triggers.
02.12 / 02:19
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cover
Underweight stance on India leads to exits from FAR GSecs for a 2nd month
Foreign investors were net sellers of securities under the central bank's fully accessible route (FAR) for the second straight month in November, as global fund managers went underweight on Indian securities amid rising US yields. Foreign portfolio investors sold FAR securities worth ₹5,186.7 crore more than those they purchased in November, according to data from the Clearing Corporation of India. Net sales in October were ₹2,051.67 crore.
02.12 / 02:19
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country
Society vanishes when fertility rate falls below 2.1: RSS chief warns of India's population decline
Rashtriya Swayamsevak Sangh (RSS) Chief Mohan Bhagwat on Sunday stated that India's declining population is a concerning issue, noting that according to modern population science, a society vanishes when its fertility rate falls below 2.1. He also underlined that the fertility rate should be above three or four for the society to survive. «The decline in population is a matter of concern. Modern population science says that when the fertility rate of a society goes below 2.1, that society vanishes from the earth. The society gets destroyed even without any crisis. In this way, many languages and societies have disappeared. The population should not fall below 2.1. Our country's population policy was decided in 1998 or 2002, and it also mentions that the population of a society should not be less than 2.1. We need more than two or three; this is what population science says. The number is important for the survival of society,» Bhagwat said, addressing the Kathale Kul Sammelan in Nagpur.
02.12 / 02:19
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Futures positions in RIL touch 18-year high; 'Any upmove could be sharp'
futures contracts of Reliance Industries last week were at the highest level in 18 years as traders mounted bearish bets amid the weakness in the stock in recent months. Analysts said the stock is oversold and a turn in sentiment could prompt liquidation of these bearish bets that could result in outsized moves in the short run. Open interest (OI) or outstanding positions for Reliance Industries were up at 185.38 million shares on November 28 (Thursday), its highest level since 2006, from a low of 68.48 million shares on July 10, according to analysts. Open Interest indicates the number of active contracts comprising bullish and bearish positions.
02.12 / 02:19
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Reuters
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Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire
Oil prices edged up on Monday supported by upbeat factory activity in the world's second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East. Brent crude futures climbed 8 cents, or 0.1%, to $71.92 a barrel by 0107 GMT while U.S. West Texas Intermediate crude was at $68.09 a barrel, up 9 cents, or 0.1%.
02.12 / 00:03
Provident
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‘Reignite discussions’: Canada Post tables new framework as strike persists
Canada Post says it has presented a new framework that it hopes will “reignite discussions” with the union representing 55,000 striking workers.In a statement Sunday, the Crown corporation said the framework is “comprehensive” for reaching a negotiated agreement with the Canadian Union of Postal Workers, whose members walked off the job more than two weeks ago.“The framework includes proposals to bring greater flexibility to the Corporation’s delivery model, while also demonstrating movement on other key issues,” Canada Post said.“It is our hope that these proposals will reignite discussions and, together with the support of mediators, help the parties work toward final agreements.”It added it will not be providing further details outside the negotiation process at this time.The 55,000 workers walked off the job on Nov. 15 over wages and working conditions.
01.12 / 23:23
01.12 / 23:23
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Canada's ambassador says Trudeau told Trump the Canadian border can't be compared to Mexico's
Canada’s ambassador to the United States says Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and some key cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into t...
01.12 / 23:23
01.12 / 23:23
01.12 / 23:23
01.12 / 22:33
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Magic can’t save ‘Harry Potter’ star Rupert Grint from US$2.3M tax bill
Former “Harry Potter” film actor Rupert Grint faces a 1.8 million-pound (US$2.3 million) bill after he lost a legal battle with the tax authorities.
01.12 / 20:25
01.12 / 20:25
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MP has got investment proposals of Rs 78,000 crore during my 6-day tour of UK, Germany: CM Mohan Yadav
Chief Minister Mohan Yadav said on Saturday. Investment proposals of Rs 59,350 crore and Rs 18,090 crore were received from UK and Germany, respectively, in the education, health, skill development and technology sectors, Yadav told reporters here on his return from the tour. «During the UK visit, the focused areas of the delegation were minerals, semiconductor, health, automobile, EV, renewable energy, education and food processing. In Germany, we have specially focused on technology research, green energy and industrial development,» he said. In UK, the SRAM and MRAM group has given an investment proposal worth Rs 25,000 crore in semiconductors and science and technology Park, an official said. «Similarly, Helion Pharmaceuticals has given an investment proposal worth Rs 3,000 crore. After discussions with the company head, it was immediately decided to allocate land to the pharma major in Indore's Smart Industrial Park. Germany's Long House Partners has proposed investment of Rs 14,000 crore in the technology and innovation sector, while AMS OSRAM is keen to invest Rs 1500 crore in semiconductor/electronics sector,» the official said.
01.12 / 20:25
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Manufacturing
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travelers
Big hotel brands see room for growth in manufacturing hubs
hotels are coming up in India's manufacturing hubs, driven by the growing needs of business travellers for quality accommodation. Hotel brands such as Marriott, Hyatt, Orchid, Regenta, Vivanta and Ginger are setting up properties in industrial belts such as Vithalapur, Talegaon, Chakan, Bhiwandi, Pithampur, Kalinganagar, Sanand and Hosur. While visiting executives used to stay in hotels in cities close to these industrial areas in the past, increasing manufacturing activities and traffic woes are making them seek accommodation close to their factories. At Vithalapur, a five-star property, the Courtyard by Marriott and Hyatt Place, is expected to become operational within the next 12 months, underscoring the demand for premium hospitality options in this fast-evolving industrial hub over a two-hour drive from the Ahmedabad city. In the automotive town of Talegaon on the outskirts of Pune, the recently opened 100-room Fern Residency has gained traction among business travellers. Pithampur in Madhya Pradesh has seen mid-market offerings like Click Hotel and Sayaji, riding on robust corporate demand from the manufacturing sector. Chakan in Pune district and Bhiwandi near Mumbai are also attracting attention, with Ginger Hotel developing 200-room properties in both locations. These developments reflect the broader trend of hospitality players expanding to locations with significant manufacturing activity.
01.12 / 20:25
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Holcim to sell stake in Lafarge Africa
cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with Holcim's strategy to streamline its portfolio and focus on high-growth regions, including the coming spin-off of its North American business, which remains on track for a US listing in the first half of 2025.
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