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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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11.11 / 09:13
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BEML Q2 Results: Co reports marginal YoY decline in PAT, revenue falls 57%
BEML on Monday reported a marginal decline of 0.75% in its profit after tax (PAT) on a year-on-year (YoY) basis at Rs 51.03 crore for the second quarter ended September 30, 2024. The same stood at Rs 51.78 crore in the year-ago period.
11.11 / 09:13
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WHO to convene emergency meeting on mpox on Nov 22
In August, the disease which continues to spread in Africa was classified by the U.N. health body as a public health emergency of international concern, which represents the highest form of alert. This followed the spread of a new variant of the virus, called clade Ib, in parts of the continent. There have been 46,794 confirmed and suspected cases in Africa this year through Nov. 3, including 1,081 deaths, the WHO said in a report issues on Monday. The most affected country is the Democratic Republic of Congo, followed by Burundi and Uganda, it said.
11.11 / 09:13
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European shares open higher at start of data-packed week
European shares opened higher on Monday with most sectors rising, kicking off a week packed with global economic data including inflation readings in Germany and the United States. The pan-European STOXX 600 added 0.9% as of 0811 GMT, with industrials among the top gainers, up 1.2%.
11.11 / 09:13
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Equity mutual fund inflows surge 22% to Rs 41,886 crore amid market downturn
AMFI data. Inflows into debt funds also turned positive with Rs 1.57 lakh crore net investment versus Rs 1.13 lakh crore outflow in the previous month. In the equity segment, all categories received inflows. Sectoral and thematic funds continued to gain investors’ interest and received the highest inflow of around Rs 12,278 crore in October. Flexi cap funds saw Rs 5,180 crore inflows against inflows of Rs 3,214 crore in September.
11.11 / 09:13
MET
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Maharashtra polls: 'Mahayuti will get over 175 seats, I will win with more than one lakh margin', says NCP's Ajit Pawar
Ajit Pawar has exuded confidence in the victory of the Mahayuti alliance with over 175 seats in the 288-member state legislature. Maharashtra deputy chief minister and NCP candidate from Baramati assembly constituency said, «Mahyuti will get more than 175 seats and in Baramati I will win with a margin of more than one lakh votes» . Maharashtra will go to polls on November 20 with votes being counted on November 23.
11.11 / 09:13
11.11 / 08:27
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One person is dead and 16 are injured after a shooting at Tuskegee University
An early Sunday shooting at Tuskegee University in Alabama left one person dead and injured 16 others, 12 of them wounded by gunfire, authorities said.
11.11 / 08:15
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International
UK universities face funding 'crunch' as foreign students go elsewhere
UK universities are among the most prestigious in the world, but visa restrictions mean they are now attracting fewer international students — taking a heavy toll on their finances. The restrictions are compounding problems caused by the UK's departure from the European Union four years' ago. Almost 760,000 foreign students were enrolled in British universities in 2022, making Britain the second most popular destination after the US, in a highly competitive market.
11.11 / 08:15
UPS
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Viral video: Man’s innovative proposal to blind girlfriend is sure to make you smile today
When she attempts to pick up her fork, he prevents her and requests her to use her hand. The young woman then makes the happy discovery using the Braille language. Predictably, she gets emotional. The man then gently guides her to a ring box. The video ends with the man putting a ring on his fiancee’s finger as she shouts an enthusiastic “Yes!” Other people could be seen clapping from the background.
11.11 / 08:15
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RPL case: SC dismisses SEBI’s appeal against Mukesh Ambani’s Reliance
Reliance Industries, MD Mukesh Ambani, the Navi Mumbai Special Economic Zone and the Mumbai SEZ. The case was related to alleged manipulative trades in shares of the erstwhile Reliance Petroleum (RPL). In January 2021, Sebi had imposed a penalty of Rs 25 crore on RIL and Rs 15 crore on Ambani. It had also asked the Navi Mumbai SEZ to pay a penalty of Rs 20 crore. RPL was absorbed into RIL in 2009.
11.11 / 08:15
UPS
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JD Vance praises Indian veg food, says ditch 'disgusting fake' meat, recalls pizza he made for wife Usha
JD Vance, US Vice-President elect praised Indian vegetarian cuisine and revealed that his Indian-American wife Usha Vance's influence and heritage have guided his journey into the world of plant-based foods. During his new podcast with Joe Rogan, he talked about harms of processed meat and opened up about his appreciation for Indian vegetarian cuisine. He also harped about the first vegetarian meal he cooked for Usha when the two were dating, but called his first attempt «disgusting». In the candid and engaging podcast on the ‘Joe Rogan Experience,' Vance appreciated the Indian food, saying, «They make very good vegetarian food». ALSO READ: Usha Vance, JD Vance's wife, set to create history as second lady; here's why
11.11 / 08:15
Remark
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Courts
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SC raps Delhi police for not fully imposing cracker ban, asks commissioner to form special cell
«We direct Delhi police commissioner to form a special cell to ensure effective implementation of the ban on fire crackers. We direct Delhi police commissioner to file a personal affidavit putting on record the steps taken by them to enforce ban,» it said. The top court wondered why the Delhi government delayed imposition of the ban on fire crackers till October 14, when the order of ban was issued.
11.11 / 08:15
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Pharmaceuticals
Alembic Pharmaceuticals gets USFDA nod for generic hypertension treatment capsules
Alembic Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic Diltiazem Hydrochloride extended-release capsules indicated for the treatment of hypertension. The approval by the US Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) for Diltiazem Hydrochloride Extended-Release Capsules of strengths 120 mg, 180 mg, 240 mg, 300 mg, and 360 mg, Alembic Pharmaceuticals Ltd (Alembic) said in a statement. These capsules are indicated for the treatment of hypertension. These capsules may be used alone or in combination with other antihypertensive medications. Moreover, Diltiazem Hydrochloride is also indicated for the management of chronic stable angina and angina due to coronary artery spasm, the company said.
11.11 / 07:45
markets
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PAM
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Maharaja Club: After merger with Vistara, Air India Flying Returns will become Maharaja Club; members won't be able to access account temporarily
Today, November 11, Vistara will take its last flight before merging into Air India. Vistara-Air India merger: Will airport lounge access booked on Vistara be valid when flying Air India after November 12?
11.11 / 07:45
markets
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RIL shares slide 7% in a month. What’s lies ahead for India’s largest co by market cap?
RIL) have been falling since July and have tumbled by 7% in the last one month alone. The shares also came under pressure following the company’s Q2 results, wherein it reported a 5% fall in its net profit to Rs 16,563 crore. On charts, the stock has been in a downtrend after making a peak near the Rs 1,6 10 level and is currently placed below its 200-day exponential moving average (DEMA).
11.11 / 07:45
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wellness
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performer
Saurabh Mukherjea picks these 7 small and midcap stocks, exits Info Edge
Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios.
11.11 / 07:45
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Maharashtra elections: Maratha-OBC quota clash to resonate in Bhujbal's Yevla seat
Maratha-OBC quota issue and trends in onion prices are among the campaign themes likely to impact the poll outcome in Maharashtra's Yevla assembly constituency from where NCP minister Chhagan Bhujbal is seeking a re-election. Located in Nashik district, Yevla is home to one of the biggest onion wholesale markets in the country. NCP heavyweight Bhujbal's aggressive stance against Maratha quota activist Manoj Jarange has endeared him to the OBC communities, but may put off a section of Marathas in his first electoral battle since the split in the party. His one time aide and now rival NCP (SP) candidate Manikrao Shinde, who belongs to the Maratha community, claimed voters in the constituency support his party head Sharad Pawar and this would go in his favour.
11.11 / 07:45
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Commentary
Will upward momentum in IT stocks continue? Aditya Arora answers
«So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs,» says Aditya Arora, Adlytick. It looks like this week, unlike the previous weeks, we started on a good foot. But where do you see the markets trading at this point in time, the range that you are seeing for the benchmarks? Aditya Arora: We can see that on the screen and what I like today is the leadership in a lot of largecaps and the leadership by banking name, which is pulling Bank Nifty almost 1000 points higher, Nifty almost 200 points higher. So, the early trends are very encouraging. And if we had to compare Nifty and Bank Nifty, then Bank Nifty looks really good and is in a good position to touch new 52-week highs.
11.11 / 07:45
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For rest of FY25, capex likely to move up and emerge as a significant trigger for market: Vinit Sambre
Vinit Sambre, Head-Equities, DSP Mutual Fund, says the visibility of good growth, cash flows, ROEs going forward over the next one or two years is going to get rewarded as there is an overall slowdown in the earnings. Within each category, it is going to be pretty stock specific because there is a significant divergence in the performance across the same categories across different companies. There is a good outlook on the consumer discretionary category as cyclical recovery should see that category doing well going forward. Sambre is positive on the banking sector and says the IT sector looks decent. He likes QSRs and says consumer discretionary is something they believe in long term. Sambre says there are sectors like utilities, and some engineering companies, which are trading at expensive valuations where he is a bit more wary about taking high exposures. What explains the market mood that we are in and when do you expect a reversal of sorts? Is it likely to happen in a few weeks or is it a matter of a few months before we see a resumption of the uptrend? Vinit Sambre: When we look at the markets over the last couple of weeks, there is good weakness which has happened.
11.11 / 07:45
11.11 / 07:45
markets
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President
Justice
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Will serve judiciary with distinction: Kharge wishes Justice Khanna on being sworn-in as CJI
Justice Sanjiv Khanna after he was sworn-in as the 51st Chief Justice of India, and noted that the position would place a lot of weight on his shoulders due to the extensive scrutiny and expectations that the office brings with it. Kharge exuded confidence that Khanna would be able to bear the weight of this responsibility and serve the Judiciary with distinction. In a post on X, the Congress chief said, «Extending best wishes to Justice Sanjiv Khanna for taking oath as the 51st Chief Justice of India. The position of the Chief Justice of India would undoubtedly place a lot of weight on his shoulders due to the extensive scrutiny and expectations that the office brings with it.» «I am sure with his long and distinguished experience, he will be able to bear the weight of this responsibility and serve the Judiciary with distinction,» Kharge said.
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