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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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12.11 / 08:45
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Controversy in Haridwar over invite to Muslim MLAs at Har-ki-Pauri ghat
Haridwar after the district administration invited three Muslim MLAs to an event at Har-ki-Pauri ghat for the state foundation day. The move was reportedly opposed by the Ganga Sabha, which manages the ghat, says a TOI report. It argued that the three legislators should not have been invited as «non-Hindus are not allowed entry at the ghat since long, and the British had also made it a rule under the Haridwar Municipal Act of 1935.» The event, held on Monday in the presence of CM Pushkar Singh Dhami and a host of other BJP leaders, featured cultural performances and a light show, with over 3.5 lakh diyas lit across 52 ghats. As part of protocol, the Haridwar district administration had invited Congress MLA from Piran Kaliyar Furqan Ahmed, BSP MLA from Laksar Mohammad Shahzad, and Congress MLA from Manglaur Qazi Nizamuddin. However, none of the MLAs attended.
12.11 / 08:45
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India is aiming to become a drone hub of the world: Defence Minister Rajnath Singh at Delhi Defence Dialogue
drone hub of the world and it would not only help the Indian economy but also significantly contribute to Make in India and the Atmanirbhar Bharat programme. He was speaking at Delhi Defence Dialogue organised on theme «Adaptive Defence: Navigating the Changing Landscape of Modern Warfare» at Manohar Parrikar Institute for Defence Studies and Analyses. He said the government has taken several initiatives to make India as drone hub of the world.
12.11 / 08:45
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Dogecoin outperforms Bitcoin and Ether, rises 145% since Trump's US election victory
Dogecoin experienced a dramatic surge, rising nearly 45% to $0.4037 in the past 24 hours. This rally adds to its impressive growth of 145% since Donald Trump's victory in the 2024 US presidential election. The memecoin’s recent performance has surpassed that of major blue-chip cryptocurrencies like Bitcoin, which rose 30.5%, and Ethereum, which increased 40% over the past week. Analysts attribute Dogecoin’s recent surge not only to positive market sentiment but also to strong support from high-profile figures like Elon Musk. His public endorsements and tweets backing Dogecoin and Trump have played a critical role in driving investor interest and demand.
12.11 / 08:31
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Oberon Investments names former Neptune UK wholesale head to top distribution job
Hughes brings over 20 years experience to the role, which includes a stint at Neptune Investment Management, where he was head of UK wholesale distribution. He had been a member of the sales team at Neptune since August 2005 before he was made head of UK wholesale in May 2012. Hughes left as part of a major restructuring at Neptune, which saw his role become redundant in 2014. UK equity manager Richard Penny to join Oberon Investments in fund transfer deal He joined small-cap firm Livingbridge as a sales director, where he built the distribution architecture Wood St MicroCap fun...
12.11 / 08:11
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Shalini Passi: I am a maximalist
Subscribe to enjoy similar stories. Philanthropist and art collector Shalini Passi has become a popular personality across the country after her appearance in Netflix’s recent show, Fabulous Lives vs Bollywood Wives. In an interview with Lounge, Passi, who's also a Unicef partner and founder of MASH, a digital art and design platform, talks about her love for fashion, and how Delhi has shaped her aesthetic.
12.11 / 08:11
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Younger consumers fuel NoBroker’s financial services business amid bullish homebuying cycle
Subscribe to enjoy similar stories. NoBroker, the Tiger Global-backed prop-tech startup, sees a burgeoning opportunity in its home loans and insurance vertical as more younger consumers look to invest in houses, a top executive told Mint. The Bengaluru-based company gets a fourth of its over ₹600 crore revenue from financial services and expects its home loans vertical to become its second-biggest business in the coming years, trailing its main real estate buying-and-selling business, said Saurabh Garg, co-founder and chief business officer at NoBroker.
12.11 / 08:11
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COP29: The climate funds math that needs to be reset, explained
Subscribe to enjoy similar stories. The 29th annual United Nations climate summit, COP29, started in Azerbaijan this week. Key on the agenda is devising a new roadmap to finance developing countries’ needs in their fight against climate damage.
12.11 / 08:11
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Retiring soon? A three-bucket strategy may be just the ticket for your bucket list.
Subscribe to enjoy similar stories. Retirees or those close to retirement face the challenge of managing their savings throughout their lifetime. At this stage they no longer have the luxury of building up their savings and instead need to withdraw from their corpus.
12.11 / 08:11
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Retirement savings: Does NPS Tier-2 tax loophole make it better choice than MFs?
Subscribe to enjoy similar stories. MUMBAI : People use mutual funds to plan for all sorts of things: buying a house, car, or even an iPhone. However, when it comes to retirement planning, some investors are choosing the National Pension System (NPS) Tier-2 over mutual funds for building their nest egg.
12.11 / 08:11
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Best sunscreens for summer: Here are the top 9 choices for glowing and radiant skin
Reasons to buyReasons to avoidDerma Co Hyaluronic Sunscreen Gel is a lightweight, non-greasy formula that provides broad-spectrum protection. Enriched with Hyaluronic Acid, it offers hydration while protecting the skin from harmful UV rays. The gel-based texture makes it suitable for oily and acne-prone skin.Reasons to buyReasons to avoidMinimalist Sunscreen with SPF 50 offers clinically proven broad-spectrum protection.
12.11 / 08:11
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Liberalism is far from dead in China
Subscribe to enjoy similar stories. Walk into the All Sages Bookstore in north-western Beijing, and you enter a different world. Not here the collections of speeches by China’s leader, Xi Jinping, that greet visitors to state-owned bookshops—rows of covers with the same face, the same beneficent smile.
12.11 / 07:59
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Tata Power shares 2.69% as Sensex falls
Tata Power Company Ltd. traded 2.69 per cent in Tuesday's session at 01:08PM (IST). The stock opened at Rs 431.55 and has touched an intraday high and low of Rs 436.25 and Rs 418.50, respectively, during the session so far. The stock quoted a 52-week high of Rs 494.85 and a 52-week low of 251.40. About 487,800 shares changed hands on the counter so far.
12.11 / 07:59
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UGC NET December 2024 notification to be out soon; Here are steps for registration and more
The awaited UGC NET 2024 December notification will include comprehensive details about the exam, covering eligibility criteria, key dates, the application process, instructions on admit cards, the exam pattern, syllabus, and subject list, among other essential information.
12.11 / 07:59
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Colgate-Palmolive
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Colgate-Palmolive shares 1.95% as Nifty drops
Colgate-Palmolive (India) Ltd. traded 1.95 per cent in Tuesday's trade at 01:13PM (IST). Around 6,381 shares changed hands on the counter. The scrip opened at Rs 2892.30 and touched an intraday high and low of Rs 2892.30 and Rs 2816.00, respectively, in the session so far. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high of Rs 3893.00 and a 52-week low of Rs 2097.70.
12.11 / 07:59
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Avenue Supermart shares 0.47 per cent in Tuesday's trading session
Avenue Supermarts Ltd. 0.47 per cent to Rs 3868.00 in Tuesday's trade as of 01:02PM (IST) even as the benchmark Nifty ruled at 24024.35, 116.96 points. The scrip had closed at Rs 3886.35 in the previous session. The stock quoted a 52-week low of Rs 3645.65 and a high of Rs 5484.00. The company quoted a market-cap of Rs 251862.98 crore on the BSE.
12.11 / 07:59
12.11 / 07:59
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BoI's CEO Rajneesh Karnatak on penal interest impact and NIM outlook for FY25
«NIM has come down to 2.80%. However, I clarify again, our domestic NIM is at a healthy number of 3.14%. So, definitely there has been some impact with the rising cost of deposit. The NIM has been impacted and also yield on advances are flat, that is one of the basic reasons. And as regards the RBI circular on penal interest, so now we have to book under the penal charges,» says Rajneesh Karnatak, MD & CEO, Bank of India. Let us start off with your net interest margins here. Now, we saw 25 basis points fall when it comes to the NIMs in this quarter, but going forward your cost of deposits has been rising while the yield on advances has been declining. So, what is your outlook when it comes to the net interest margin considering these factors? Rajneesh Karnatak: As regards the NIM is concerned, our NIM we have shown at around 2.80%. However, this is the global NIM. The domestic NIM is at 3.14%. And the reason for this coming down of the NIM is one of the factors is that 15% of our global book is the international book, where the NIMs are on the lower side.
12.11 / 07:59
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Why Gautam Duggad is overweight in IT & private bank stocks; down to neutral in consumption
Gautam Duggad, Head Of Research, Director — Institutional Equities, Motilal Oswal, says in consumption stocks, they are down from big overweight to neutral. They are more positive on IT, private banks, real estate and industrials, where they have increased weight. They used to be significantly overweight on consumer discretionary in our model portfolio for the last three years. But even there, they have cut some weights. They used to hold 11 consumption stocks, out of which 9 were discretionary till July. Now, that is down to 6 or 7. On the other hand, in private banks, they are overweight after two years and Tech, they have gone overweight in July. In October, they made it even bigger overweight. What about the underperforming pockets. Pretty much all of consumption has been subpar, as per Street anticipation. Do you think much of the pain is in the price, especially for some of the paint and FMCG categories and do they now become attractive buys or is the pain going to linger on for the next few quarters? Gautam Duggad: Consumption is a very broad ocean now. It is no longer just FMCG. You have at least 10 sub-categories in discretion apart from staples. Staples have clearly slowed down and the signs were visible even a few quarters back when we were seeing urban growth coming off. Today, we are in a situation where as per the Nielsen or some other syndicate data which has come out a couple of days back, the urban growth has come down with just 2.8% at a very top-down industry level, which was 11% a year back.
12.11 / 07:59
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This Trump appointment may spell trouble for Indian techies
Donald Trump is naming longtime adviser Stephen Miller, an immigration hard-liner, to be the deputy chief of policy in his new administration. Confirming the appointment, Vice President-elect JD Vance posted a message of congratulations on Monday to Miller on X and said, This is another fantastic pick by the president. Miller is one of Trump's longest-serving aides, dating back to his first campaign for the White House. He was a senior adviser in Trump’s first term and has been a central figure in many of his policy decisions, particularly on immigration, including Trump's move to separate thousands of immigrant families as a deterrence program in 2018.
12.11 / 07:59
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Revised ICICI Bank credit card rules from November 15, 2024: Check latest rules on finance charges, late payment charges and more
These below changes will come into effect November 15, 2024. Finance Charges
12.11 / 07:59
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How to write a Statement of Purpose for your UK student visa
Statement of Purpose (SOP) is more than a formality; it's your personal advocate, convincing admissions committees of your potential and passion to study abroad. As an international student seeking to study in the United Kingdom, a well-crafted SOP can be the difference between acceptance and rejection. It's your chance to showcase your unique qualities, academic journey, and aspirations to the admissions officers. While the prospect of writing a compelling SOP might seem daunting, fear not. This guide will equip you with the essential strategies and practical advice to create a document that truly reflects your strengths and aspirations. Your SOP should be a cohesive narrative that reflects your personal and professional journey. Here’s a breakdown of what it should cover.
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