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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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21.11 / 13:35
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Congress, BJD question Adani's land purchase in Odisha, company says it's for afforestation
Gandhamardhan hills in Odisha, the opposition Biju Janata Dal (BJD) and Congress on Thursday demanded clarification on whether the company has any plan to go for mining in that region. The Adani Group, however, said the purpose for land acquisition is to enrich the local ecology through afforestation and there is no commercial intent. Gandhamardan Hill Range spanning Bargarh and Balangir districts was declared as a Biodiversity Heritage Site (BHS) in 2023 when the BJD was in power. BHS is an area with unique, ecologically fragile ecosystems with rich biodiversity. «The government should speak out on the purpose of the Adani Group acquiring land near Gandhamardhan Hills, which reserves an estimated 207 million tons of bauxite. Since the state government is silent on the matter, suspicion of the people grows,» said Bolangir's BJD MLA Kalikesh Singh Deo.
21.11 / 13:35
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Adoption Awareness Month 2024: Lucknow hosts state-level conference on rehabilitating older children
rehabilitating older children and providing them with a new direction in life, was jointly organized by the Ministry of Women and Child Development, the Central Adoption Resource Authority (CARA), and the Uttar Pradesh Women and Child Development Department at the Mars Auditorium of Indira Gandhi Pratishthan in Lucknow on Thursday. The main goal of the conference was to create awareness among the public about adopting children who are either orphaned or lack family support, educating people on the legal process of foster care. According to a press release, Speakers highlighted the importance of sensitivity and acceptance in the society for rehabilitating such children and giving them a sense of belonging. Union minister of state for women and child development, Savitri Thakur, UP’s minister for women welfare, child development and nutrition, Baby Rani Maurya, and State Women's Commission Chairperson, Babita Chauhan, shared their thoughts on the theme «Rehabilitating Older Children through Care and Nurturing.»
21.11 / 13:35
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Hoax bomb calls to airlines have gone down, says official
hoax bomb calls to airlines and such calls have reduced, a senior government official said on Thursday. Civil Aviation Secretary Vumlunmang Vualnam also said that procedures being adopted to deal with fog-related disruptions have been streamlined. To a query about hoax bomb calls, he said that authorities have tackled them successfully. A few weeks back, hundreds of flights had received bomb threat calls that later turned out to be hoaxes. These threats had significantly impacted flight operations of various domestic carriers.
21.11 / 13:35
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Canadians set for a snowy winter, but how much depends on location
Canadians hoping for a more snowy winter this year may be in luck — but where you live may influence how much and how long it will last.
21.11 / 13:35
21.11 / 13:35
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Kenya cancels power transmission deal with Adani following US bribery charges
Adani Group. Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines. This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.
21.11 / 13:35
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US watchdog issues final rule to supervise Big Tech payments, digital wallets
Consumer Financial Protection Bureau said. The new rule finalised on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while helping protect the privacy of vast amounts of consumer data and preventing fraud and the illegal closure of their accounts, the agency said.
21.11 / 13:35
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Russian spokeswoman told during briefing not to comment on missile strike reports, video shows
Kyiv said earlier on Thursday that Russia had launched an intercontinental ballistic missile during an attack on the city of Dnipro. Russian Telegram channels said Russia had attacked what is known in Ukraine as the missile and space rocket company Pivdenmash, which is headquartered in Dnipro.
21.11 / 13:25
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Musk, Ramaswamy want federal workers in the office full time. There’s a hitch.
Subscribe to enjoy similar stories. The nation’s largest workforce could soon be ordered back to the office full-time. President-elect Donald Trump has vowed to slash government bureaucracy and appointed uber-wealthy entrepreneurs Elon Musk and Vivek Ramaswamy to lead the efficiency effort.
21.11 / 13:25
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India's cotton production is plummeting. Here's what that means for your wardrobe
Subscribe to enjoy similar stories. Gagandeep Singh feels he is on the edge, with no solutions in sight. A farmer from Sirsa, Haryana, Singh had planted cotton on 20 acres this summer.
21.11 / 13:25
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U.S. could face ‘Liz Truss moment’ without action on debt mountain
Subscribe to enjoy similar stories. The U.S. could face a sharp rise in borrowing costs and turmoil in financial markets as soon as next year if government debt continues to pile up rapidly, according to insurance giant Swiss Re’s group chief economist.
21.11 / 13:03
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The Trump stock euphoria starts to fade
Subscribe to enjoy similar stories. Can the postelection market rally continue? Some on Wall Street are skeptical. Investors cheered the unexpected Republican sweep of the presidency and both houses of Congress, salivating over the potential for new pro-business policies.
21.11 / 13:03
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What is a chargeback in credit and debit cards and how does it work?
Subscribe to enjoy similar stories. Picture this: you’re browsing your favourite online store when you spot a great deal and make a quick purchase. Days later, a different product arrives.
21.11 / 13:03
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Trump's growth and trade agendas are at odds. His economic team will point to the winner.
Subscribe to enjoy similar stories. Wall Street is glued to “The Apprentice: Treasury Edition." The auditioning for President-elect Donald Trump’s Treasury secretary isn’t just great theater. Trump’s choice will be key to where his economic agenda is headed.
21.11 / 13:03
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Best 15 litre geyser: Top 10 picks from Havells, V-Guard, AO Smith, Bajaj, Hindware for versatile and quick heating
What are buyers saying on Amazon?Buyers praise the Havells Instanio Prime for its fast heating time and energy efficiency. Many have noted its space-saving design and durable performance, making it a great option for smaller households.Why choose this product?Choose the Havells Instanio Prime for its excellent energy efficiency, safety features, and reliable performance, making it a cost-effective and durable option for medium-sized homes.The V-Guard Divino DG Geyser 15 Litre Water Heater is an energy-efficient, 5-star rated geyser designed for homes.
21.11 / 12:59
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Centre announces staggered work timings for employees in view of severe air pollution in Delhi
public transport to minimise vehicular pollution. «These measures may be adopted by ministries/departments/organisations as per their functional requirements ensuring that it should not have an adverse impact on efficiency and productivity in any manner,» the order read. Given the severe-plus air pollution levels in Delhi, various ministries, departments and organisations of the central government are advised to adopt staggered timing in respect of offices located in the Delhi-National Capital Region, it said.
21.11 / 12:59
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SINE, IIT Bombay to scale up the number of startups it supports four-fold to 1,000 over the next 10 years
business incubator of Indian Institute of Technology Bombay (IIT Bombay), plans to scale up the number of startups it supports over four-fold to 1,000 over the next 10 years, the institute said in a statement on Thursday. To give further impetus to its 4X scale up plan over the next decade, SINE plans to launch a Rs 100 crore Venture Capital (VC) fund to support deep tech start-ups and those in areas of national importance. Post finalisation and receipt of regulatory approvals, SINE aims to approach IIT Bombay alumni to raise subscriptions for the proposed fund. The fund will focus on science, biotech, space, defence, and other national priority sectors to drive innovation. “To have a scale impact, India needs to go from 100 startups per million population to 1,000. By leading the way, SINE hopes to emerge as an innovation and entrepreneurship powerhouse focussed on democratising entrepreneurship and providing quality access to coaching, capital and connects to customers and the ecosystem,” said Shaji Varghese, CEO, SINE.
21.11 / 12:59
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RBI purchases $9.6 bn in September to curb rupee's appreciation amid strong foreign investment inflows
dollar inflows into local stocks and bonds and curbed the rupee from excess appreciation. The rupee appreciated 0.1% in September boosted by strong risk appetite following the US Federal Reserve's outsized 50 bps rate cut. However, the currency's upside was limited due absorption of dollar inflows by the Reserve Bank of India.
21.11 / 12:59
21.11 / 12:59
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Insurtech startup Zopper bags $25 million in round led by Elevation Capital, Dharana Capital
Zopper has raised $25 million in a fresh round of funding led by Elevation Capital and Dharana Capital, the company said in a note today. While Elevation Capital is an active investor in the Indian fintech ecosystem, Dharana Capital has backed the likes of NoBroker, Urban Company and others. The round also saw participation from existing investor Blume Ventures. Creaegis, Bessemer Venture Partners, and ICICI Venture are the other investors of Zopper. The startup has raised $96 million in total equity infusion till now.
21.11 / 12:59
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Asian Development Bank to provide $4.25 billion to Tata Power for clean energy power projects
Tata Power, and Asian Development Bank (ADB) on Thursday signed a Memorandum of Understanding (MoU) to evaluate financing for its several strategic projects aimed at enhancing India’s power infrastructure and promoting renewable and clean energy. The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW solar-wind hybrid project and pumped hydro storage project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power. The total estimated project cost is approximately $4.25 billion.
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