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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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20.11 / 18:35
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Aircel-Maxis Deal: Delhi HC stays trial against Chidambaram
Delhi High Court on Wednesday stayed trial court proceedings against former Union minister P Chidambaram in a money laundering case connected to the Aircel-Maxis deal. Issuing notice to the Enforcement Directorate (ED) on Chidambaram's plea, the court ordered that the proceedings against Chidambaram shall remain till the next date of hearing. Chidambaram petitioned the HC challenging the trial court order taking cognisance of the complaint moved by the ED against him and his son Karti Chidambaram in the Aircel-Maxis case.
20.11 / 18:35
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electronic
LG Electronics, vendors ready Rs 7k-cr India infusion
LG Electronics and its parts suppliers plan to invest a total of Rs 7,000 crore to build the company's third factory and create a vendor base in Sri City, Andhra Pradesh, said two industry executives aware of the development. LG Electronics will invest Rs 5,000 crore, and its Korean and Chinese parts suppliers the remainder, the executives said. LG, India's largest home appliances maker by sales, has sought 300 acres from the Andhra Pradesh government for the project which will generate over 1,500 direct jobs, the executives said asking not to be named. LG plans to produce air-conditioners, refrigerators, washing machines and televisions in the new facility for the Indian market and exports, the executives said.
20.11 / 18:33
Reuters
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Boeing to lay off 2,200 Washington workers in coming months
Video shows flames spewing from engine of Hainan Airlines plane following bird strike after departing Rome, Italy. (Credit: Viral Press)
20.11 / 17:35
BLOCK
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Bomb cyclone slams B.C.: Highways closed, thousands without power, trees down
Tens of thousands of British Columbians were without power on Wednesday after a bomb cyclone brought strong winds overnight.
20.11 / 17:35
Provident
security
country
travelers
shock
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Paul Bernardo victims’ families barred from parole hearing: lawyer
Families of victims who were murdered by notorious serial killer and rapist Paul Bernardo have been barred from attending his upcoming parole hearing in person, according to the families’ lawyer.
20.11 / 16:59
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Surface Season 2: Is the release date revealed? Here’s what to expect
Starring Gugu Mbatha-Raw, who also serves as an executive producer, Surface tells the gripping tale of Sophie, a woman grappling with memory loss following a traumatic head injury, initially believed to be from a suicide attempt, as mentioned in a report by TV Insider. However, as Sophie explores into her past, she begins to uncover unsettling truths about her life.
20.11 / 16:59
Platform
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‘Bagheera’ to arrive on OTT soon! When and where to watch Kannada superhero saga
Bagheera, featuring Sriimurali and Rukmini Vasanth in lead roles, is set to premiere on Netflix on November 21, 2024. Directed by Dr. Suri, the movie has made history as the first Kannada film to secure streaming rights with a global platform, marking a significant step forward for Kannada cinema in the digital arena. Netflix officially announced the film’s release, confirming that it will be available in multiple languages, including Kannada, Telugu, Tamil, and Malayalam, ensuring its accessibility to audiences across India. Bagheera originally hit theaters during the competitive Diwali 2024 window, going head-to-head with other big-budget films. Despite the stiff competition, it carved out a strong foothold among viewers, earning critical acclaim and emerging as a box-office success. To date (November 20), the film has grossed ₹31 crore worldwide, with over Rs 18 crore collected from the Indian box office alone, solidifying its status as a profitable venture given its modest budget. The film’s gripping narrative, crafted by KGF and Salaar creator Prashanth Neel, combines a compelling superhero saga with emotional storytelling and high-stakes drama. Bagheera features a stellar ensemble cast, including Prakash Raj, Achyuth Kumar, Sudha Rani, Ramachandra Raju, and others, whose performances enhance its appeal. Arjun Shetty’s stunning cinematography and B. Ajaneesh Loknath’s electrifying score further elevate the movie’s cinematic experience.
20.11 / 16:59
markets
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PAM
US vetoes UN Security Council resolution on Gaza ceasefire
Gaza, accusing council members of cynically rejecting attempts at reaching a compromise. The 15-member council voted on a resolution put forward by its 10 non-permanent members in a meeting that called for an «immediate, unconditional and permanent ceasefire» and separately demand the release of hostages. Only the U.S. voted against, using its veto as a permanent council member to block the resolution.
20.11 / 16:59
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Majority of steel imports under FTAs, making any duty hike ineffective, says steel secy
steel imports are landing from FTA countries at nil duty and any duty hike will not have any impact on these shipments, Steel Secretary Sandeep Poundrik said on Wednesday while acknowledging that there is a genuine problem of supply glut due to increased imports. His comments have come against the background of domestic steel players raising concerns over rising cheap steel imports from select nations, affecting their competitiveness. The domestic industry has also sought an increase in customs duty on steel products to check below-cost shipments. Speaking at a Ficci event here, the Steel Secretary even if the government raises the basic customs duty on imports, the move will not have the desired impact as 62 per cent of the shipments entering India from FTA nations. There is a genuine problem and the ministry is aware of that, Poundrik said adding that there are multiple ways to protect the domestic industry but the only problem is that 62 per cent of imports are from FTA countries.
20.11 / 16:59
markets
Digital
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film
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David Fincher’s Se7en: What we know about digital, physical 4K release and IMAX screening
David Fincher’s acclaimed crime thriller Se7en will be re-released in 4K Ultra HD and screened in IMAX as part of its 30th-anniversary celebration. The film will be available in both digital and physical formats with previously issued special features.
20.11 / 16:59
Citi
Booking
Platform
Mobile
track
travelers
Features
Karnataka Minister Priyank Kharge gives demo of Uber Shuttle
Priyank Kharge visited the Uber display at the Bengaluru Tech Summit on Wednesday to check out Uber Shuttle, the newest offering in India from the ride-hailing app. The mobility platform executives gave a demo of how the app works and explained about how Uber Shuttle would help more people book their travel in larger vehicles like Shuttles and take their own private vehicles off roads. The mass-transit mobility solution is designed for urban commuters, featuring real-time tracking, digital payments, pre-booked seats, and air-conditioned pocket-friendly rides, running on fixed routes, Uber said in a statement. Uber India president Prabhjeet Singh was present during the demonstration.
20.11 / 16:59
markets
COST
Digital
Strategy
social
Department
recommendations
PM GatiShakti: 228 infra projects worth Rs 15.89 lakh crore recommended for approval
infrastructure projects of different ministries, including roads and railways, worth Rs 15.89 lakh crore have been recommended for approval under the PM GatiShakti initiative so far, a top government official said on Wednesday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM GatiShakti initiative launched on October 13, 2021. «So far, 228 projects have been assessed under the initiative worth Rs 1,588,919 lakh crore,» Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajeev Singh Thakur told reporters here. There are several benefits of using the PM GatiShakti system, including significant cuts in time and cost for planning these infrastructure projects.
20.11 / 16:59
markets
Digital
Manufacturing
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Trade
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PAM
Thailand, Indonesia raise concerns at India’s QCOs on leather, textiles, restrictions on copper, tyres
World Trade Organization (WTO) India’s quality control orders (QCO) on various products including medical textiles, footwear and viscose staple fibre, and certain measures which restrict its import of copper, wooden boards and tyres. These issues came up at a meeting on market access in WTO on Wednesday. Last year, Canada, Japan, the UK and the EU had raised concerns at India’s QCOs terming them protectionist. “Some new trade concerns pertaining to India’s QCOs were raised at the meeting,” said a Geneva-based official.
20.11 / 16:59
markets
Digital
Strategy
economy
awards
Diversity
social
India focussed on developing content creators' economy: Ashwini Vaishnaw
Ashwini Vaishnaw on Wednesday said India was focussed on developing the content creators' economy, showcasing the country's rich heritage and culture, and diversity of languages and literature. In his video address at the inaugural event of the International Film Festival of India (IFFI) here, Vaishnaw said with the addition of technology and development of creators' ecosystem, India can play a major role in the media and entertainment sector globally. «We in India at this point in time are very much focussed on developing content creators' economy. We have a very vibrant creators' economy where people are coming up with very innovative content showcasing some of the very rich heritage of India, the cuisines of India, the culture of India and the gems of Indian language and literature,» he said. The 55th edition of IFFI began here with a glittering opening ceremony at Dr Shyama Prasad Mukherjee Stadium here.
20.11 / 16:59
20.11 / 16:27
markets
UPS
Discover
community
Experts
country
The game in Guyana: Why Modi visited this small Caribbean country
Guyana as President Irfan Ali broke the protocol to receive PM Modi at the airport. Both Guyana and Barbados, another small Caribbean country, will confer their highest national awards on Modi. People of Indian origin, the biggest ethnic group in Guyana, make up 43.5% of the population. There are around 3,20,000 people of Indian origin in Guyana, according to the Ministry of External Affairs (MEA), which described it as «one of the oldest Indian diasporas, which migrated more than 185 years ago». «Prime Minister received a rousing and colorful welcome from the Indian community and the Indo-Guyanese diaspora in the presence of several Cabinet Ministers of Guyana,» the MEA said in a statement. However, the presence of a large Indian-origin community is not the only reason PM Modi is visiting Guyana. It may be a tiny country but it is assuming great global significance due to its huge oil reserves. Forging economic relations with smaller countries is part of Modi's agenda to bring together the Global South.
20.11 / 16:27
markets
Digital
Election
Experts
Investigations
Trump chooses former acting Attorney General Matt Whitaker as NATO ambassador
Donald Trump says he has chosen former acting Attorney General Matt Whitaker to serve as U.S. ambassador to NATO, the bedrock Western alliance that the president-elect has repeatedly expressed skepticism about. Trump, in a statement, said Whitaker was «a strong warrior and loyal Patriot» who «will ensure the United States' interests are advanced and defended» and «strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.» The choice of Whitaker as the nation's representative to the North Atlantic Treaty Organization is an unusual one, given his background is as a lawyer and not in foreign policy.
20.11 / 16:27
markets
Digital
Strategy
President
Experts
Courts
rights
NCLT refrains Byju's Aakash Institute from tinkering with minority shareholders rights
National Company Law Tribunal (NCLT) on Wednesday passed an order refraining the Think & Learn subsidiary Aakash Institute from amending the company’s articles of association (AoA) which sought to remove the rights of minority shareholders. On Tuesday, the minority shareholders of Aakash filed a mismanagement and oppression petition against the current management of the entity. According to the counsel representing the minority shareholders, the extraordinary general meeting (EGM) which was to be held on Wednesday, sought to remove their rights while conferring special rights on the major shareholder Ranjan Pai’s Manipal Education and Medical Group which currently holds about 40% stake in Aakash.
20.11 / 16:27
markets
Digital
Strategy
country
reports
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Another country, another problem with the Royals: Now, eldest son of Norway’s Crown Princess Mette-Marit arrested for alleged rape
Crown Princess Mette-Marit's eldest son has been arrested again, this time on suspicion of sexual assault. Marius Borg Høiby, Mette-Marit's son from a previous relationship, is the stepson of Crown Prince Haakon, the heir to the Norwegian throne. He has no official functions or royal titles, as quoted in a report by The AP. Borg Høiby was arrested in Oslo late Monday on preliminary allegations of participating in sexual intercourse with someone who is unconscious or for other reasons unable to resist the act. A preliminary charge allows police to detain somebody while they conduct an investigation and precedes a formal charge. Also Read:High Potential: When will new episodes release? Here’s what we know so far
20.11 / 16:27
markets
FIVE
Digital
awards
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PAM
reports
Insurtech sector attracted $2.5 bn funding, more investment to flow: Report
insurtech sector has mobilised USD 2.5 billion over the years and the industry is expected to attract more investment in the future as there are significant growth opportunities in the space, a report said on Wednesday. According to Boston Consulting Group (BCG) and India InsurTech Association (IIA) report, India has about 150 insurtech companies, with 10 unicorns and «soonicorns» and over 45 «minicorns» with a 12 times increase in revenue over the past five years to reach USD 750 million. Cumulative funding has surpassed USD 2.5 billion, bringing the total ecosystem valuation to over USD 13.6 billion, the report said. While global insurtech funding has slowed down, the report said, APAC's insurtech sector has shown resilience.
20.11 / 16:27
markets
UPS
Digital
Trade
Experts
International
Agar Trade Set for ₹50,000 Crore Boost with Assam's Upcoming Trade Hub
Agar traders feel that industry will be transact business to the tune of a whopping Rs.50,000 crore annually once international trade centre comes up in Assam. MJI Perfumes, Assam's first make in perfume from agar, has attracted hordes of visitors at the Assam Pavilion in the ongoing 43rd India International Trade Fair (IITF) at the Bharat Mandapam in New Delhi. One of the highlights of the Assam Pavilion, the stall selling Agar and its derivatives has evoked a very good response from the residents of Delhi-NCR. The man who is on mission agar is none other than Dr.Jehirul Islam. Dr Islam returned to Assam from Saudi Arabia in 2008 and plunged headlong into deep research in agarwood farming. Called ‘liquid gold’ for its high commercial value, as its oil is used for making perfumes that are loved by the people in the Middle East and the Arab world, he discovered the disease in this indigenous plant and also pioneered the legalisation of its trade.
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