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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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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
Blockchain
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Provident
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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10.11 / 19:19
markets
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FIVE
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Airlines
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PAM
Indian skies will now be left with just one full-service carrier
Indian aviation space will come down to just one from five in a span of over 17 years. Also, the merger-which will see Vistara's 49% owner Singapore Airlines holding 25.1% stake in Air India post the merger-will mark the sunset of another Indian airline jointly owned by an overseas carrier after the liberalisation of foreign direct investment norms. In 2012, Prime Minister Manmohan Singh-led UPA government allowed foreign airlines to buy up to 49% in a domestic carrier, which later resulted in the now defunct Jet Airways securing 24% stake from Gulf carrier Etihad besides the birth of AirAsia India and Vistara.
10.11 / 19:19
10.11 / 19:19
markets
Digital
Strategy
Sustainability
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PAM
reports
P&G India's sales cross $2 billion, but growth rate falls
A year ago, sales had grown 15% while profit expanded 26%, indicating that P&G's growth rate halved amid falling demand in the Indian consumer goods market after the pandemic-induced boom. P&G India reported sales of ₹17,429 crore and net profit of ₹1,583 crore in FY24 across its four companies-pharmaceuticals firm P&G Health, shaving products maker Gillette, P&G Health & Hygiene and P&G Home Products. In India, P&G competes mostly with Unilever's local unit Hindustan Unilever (HUL), which is over three times its size.
10.11 / 19:05
markets
Provident
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Platform
Sustainability
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PAM
HDFC Capital Partners with Runwal Enterprises to invest Rs 1,150 crore in affordable housing projects in Mumbai
HDFC Capital, the real estate private equity arm of HDFC Group, has formed a partnership with realty developer Runwal Enterprises to set up a platform for developing residential projects for affordable, mid-income and upper mid-income families. As per the terms of the pact, HDFC Capital will be investing more than '1,150 crore to support the development of sustainable housing projects in Mumbai. These projects will have an estimated revenue potential of more than $1 billion. «HDFC Capital is committed to forging long-term partnerships with leading developers like the Runwal Group, with a proven track record of development and delivery. Through this collaboration, we aim to address the growing demand for sustainable, high-quality homes for affordable and middle-income families in India,» Vipul Roongta, managing director and CEO, HDFC Capital, told ET.
10.11 / 19:05
10.11 / 19:05
markets
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Celebrity
paparazzi
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Bollywood Meets MrBeast and Logan Paul; Saif Ali Khan with son Jeh on shoulder and Kareena Kapoor light up the crowd
Logan Paul and MrBeast arrived early Sunday morning, sending fans and paparazzi into a frenzy. Their presence in the entertainment capital was the talk of the town, as anticipation built not only around their work commitments but also their highly awaited brand launches. Their visit also attracted celebrities like Kareena Kapoor Khan, Genelia D’Souza, Saif Ali Khan and Malaika Arora.
10.11 / 19:05
markets
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Google
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Persuading Karnataka Congress government to lift night traffic curbs priority of locals: Priyanka Gandhi
Bandipur Tiger Reserve in Karnataka is among the key demands dominating AICC general secretary Priyanka Gandhi Vadra's byelection campaign in Wayanad Lok Sabha constituency in Kerala. Both Rahul Gandhi and his sister made sure they resonated with the local sentiment in every interaction and at campaign rallies. Locals believe that only the Gandhi scions have the political muscle to influence a decision in their favour with the Congress-run Karnataka government.
10.11 / 19:05
markets
Digital
Strategy
wellness
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PAM
hospital
IHCL to adopt a more aggressive growth path
Indian Hotels Company (IHCL) will be releasing a new 'strategic matrix' in the near future that will be more aggressive than the previous ones and accelerate the pace of growth from a high base, IHCL CEO Puneet Chhatwal told ET. Looking at the chain's last ten quarters, as well as the immediate visibility into the current and upcoming quarters, Chhatwal said he is 'confident' of the outlook. «It's notable that Q2 has surpassed Q1, a trend we don't typically see as Q2 usually dips. This has been an exceptional outcome, particularly considering that the previous quarter was impacted by elections held in extreme summer conditions,» he said. «The market guidance for double-digit growth is well within reach-and by double-digit, we aren't talking about 10%, it could well be 12%, 14%, or potentially higher,» he added. IHCL posted a consolidated net profit of ₹583 crore in the September quarter, an over-threefold increase from ₹179 crore a year earlier.
10.11 / 19:05
markets
Strategy
Trade
PAM
country
Inside
Onion prices soar to 5-year high amid supply woes, exports boost
onion prices continued this week as the quality of the kharif crop from Rajasthan, Maharashtra and Karnataka was poor and boosted demand for the old, pricier crop at a time when there was also a surge in export demand. The maximum price of best quality onions jumped to Rs 70 per kg from Rs 51/kg a fortnight back, while the average prices have increased to Rs 58/kg from Rs 51/kg during the same period at the Pimpalgaon market in Nashik. There has also been a surge in exports as Bangladesh removed import duty on onions. Traders expect prices to decline only after 8-10 days as newer crop arrivals start elsewhere in the country. Onion prices crossed the five-year high of Rs 54/kg last week at the benchmark Lasalgaon market in Nashik. Traders said it was because of supply shortages as the wholesale markets were closed for many days across the country for Diwali. There was a rise of 30-35% during the last week in the wholesale prices.
10.11 / 19:05
markets
Target
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Manufacturing
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PAM
IT hardware cos struggle to meet FY25 PLI target on lack of orders
Under the scheme that began in April, the majority of the 27 companies enlisted as beneficiaries are yet to even start production. And those who have started, are producing volumes too small to have any significant revenue impact to meet the incremental targets. Some are yet to make even initial investments under the scheme.
10.11 / 19:05
markets
Provident
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awards
Healthcare
Cycling
PAM
TA Associates to acquire majority stake in Vee Healthtek for $250 m
TA Associates will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about ₹2,100 crore), said sources aware of the development. TA will own a significant majority stake, while the promoter — Chennai-based Valliappa family — will retain a minority stake, added sources. Vee Healthtek, owned by South India-based Sona Group, provides a range of services, including revenue cycle management, professional billing, and IT services to hospitals, health systems, pharmaceutical companies, and physician groups globally. The company boasts a workforce of 5,000 employees worldwide, and is expected to post $100 million in revenue in FY25.
10.11 / 19:05
10.11 / 19:05
markets
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Art
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Ball
wellness
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KL Rahul & the art of getting out
KL Rahul it is all in the mind. Someone who has scored hundreds in South Africa, England and Australia obviously has the potential. If he could come back from injury and keep wickets as well as he did in the 2023 World Cup, there is little doubt he has the ability. His problem is he is periodically low on confidence. Ravi Shastri and Virat Kohli (as coach and captain) were able to get the best out of him from time to time. Then, Rohit Sharma and Rahul Dravid did the same. Now, it is on Rohit and Gautam Gambhir to give him the confidence to step up in Australia,” that was how former India wicketkeeper and later chief selector MSK Prasad summed up KL Rahul. This was just moments after Rahul was dismissed in the most bizarre manner in the second innings of the India A game at the Melbourne Cricket Ground. There were no real alarms in the 43 balls he played and it seemed he was getting set for a long innings. That’s when a delivery from off spinner Corey Rocchiccioli, which would have missed leg stump, was actually padded by Rahul towards the off stump after he offered no shot. It was a freakish dismissal but with Rahul such things seem to happen far too often. “He is more invested in being perfect than in scoring runs. It is a kind of obsession with him. The number of times he shadow bats, perfects his stance, practices getting behind the line of the ball, you know that he is trying to be as perfect as is humanly possible,” said one of the Duleep Trophy commentators.
10.11 / 18:31
UPS
CEO
Boxing
information
2020
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Veterans face challenges starting small businesses but there are resources to help
Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part
10.11 / 18:31
Airlines
economy
performer
reports
Alitalia will lay off over 2,000 remaining employees as liquidation nears
Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employees
10.11 / 18:31
Entertainment
Boxing
film
performer
audience
stars
rowing
'Heretic' debuts with $11 million, but 'Venom: The Last Dance' tops box office again
For the third weekend in a row, “Venom: The Last Dance” was the No. 1 movie at the box office, collecting $16.2 million in ticket sales in U.S. and Canadian theaters
10.11 / 18:19
Target
CBS
Trade
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trump tariffs
Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'
Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump's tariff proposals could worsen long-term inflation if global trade partners were to strike back.
10.11 / 17:41
markets
UPS
Provident
Digital
Platform
Sustainability
Enterprise
HDFC Capital, Runwal Enterprises in pact to set up Rs 1,150 cr residential platform
HDFC Capital, the real estate private equity arm of HDFC Group, has entered a partnership with realty developer Runwal Enterprises to set up a platform focused on the development of residential projects for affordable, mid-income and upper mid-income families. As per the terms of the agreement, HDFC Capital will be investing over Rs 1,150 crore to support the development of multiple sustainable housing projects across the country’s commercial capital. The portfolio of projects to be developed through this partnership is estimated to generate a revenue potential over $1 billion.
10.11 / 17:41
markets
Digital
Strategy
Experts
War
PAM
At least 50 killed in Israeli strikes across Gaza, Lebanon
Israel launched deadly strikes on Gaza and Lebanon Sunday, rescuers and authorities said, ahead of a US deadline for improved aid delivery to the Palestinian territory. Rescuers in Gaza on Sunday said 30 people, including 13 children, were killed by Israeli strikes in the territory's north. The first strike early Sunday hit a house in Jabalia, killing «at least 25» people including 13 children and injuring more than 30, Gaza's civil defence agency said.
10.11 / 17:41
markets
Marvell
film
Experts
Diversity
Features
Captain America: Brave New World: See trailer, cast, production team and release date
Marvel Studios has unveiled the latest trailer for Captain America: Brave New World, featuring Anthony Mackie as Captain America. The reveal took place at D23 Brazil, where Mackie and Danny Ramirez greeted fans. The trailer showcases Mackie's Sam Wilson facing off against the Red Hulk, played by Harrison Ford.
10.11 / 17:41
markets
Digital
Strategy
Experts
PAM
Chandrababu Naidu dons multiple avatars to cheat people, seaplane one such: YS Jagan Mohan Reddy
YS Jagan Mohan Reddy on Sunday alleged that Chief Minister N Chandrababu Naidu will don many avatars to 'cheat' people and called the recent seaplane demo flight as one such. He alleged Naidu had been going around for two decades claiming that he had 'invented' cell phones and computers. «Chandrababu Naidu will conjure up tricks and con people to ultimately cheat them. To this end, he will don any number of avatars. The recent seaplane visit from Vijayawada to Srisailam was a similar one,» said Reddy in a post on X. According to the opposition leader, there is nothing new with the seaplane as they were being operated since 114 years while Kerala first started seaplane operations in 2013 in India but stalled them later.
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