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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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29.10 / 09:11
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Limiting low-cost steel imports from China will hurt MSMEs in India: EEPC
As the government considers imposing additional duties to curb the influx of cheaper steel imports, which are impacting domestic producers, the Engineering Export Promotion Council of India (EEPC India) as well as steel producer Jindal Steel have voiced their concerns about the potential effects of these protectionist measures. EEPC India, the organisation advocating for engineering goods exporters, is against limiting steel imports from cost-effective markets. According to the council, curbing steel imports from China will severely impact the engineering goods sector, especially MSMEs, which depend on competitively priced steel to sustain operations. “It is imperative to keep domestic steel prices competitive. The price differential between Chinese steel and Indian-produced steel is significant. This price advantage enables downstream industries, especially MSMEs, to remain competitive in domestic and global markets,” says Arun Kumar Garodia, Chairman of EEPC India.
29.10 / 09:11
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Deepti Sharma reaches career-high 2nd spot in ICC ODI bowlers rankings
Deepti Sharma has been rewarded for her excellent recent form as she moved up two places to reach career-high second spot in the latest ICC women's ODI rankings for bowlers on Tuesday. On the back of some strong performances in the recent ICC Women's T20 World Cup in the UAE, Deepti has been one of India's best players through the opening two matches of her side's ongoing white-ball series against New Zealand at home. Deepti has three wickets from two matches against the White Ferns at a miserly economy rate of 3.42. It has seen Deepti gain two places to move to second on the table, and the senior India spinner has closed in on England tweaker and No.1 ranked ODI bowler Sophie Ecclestone.
29.10 / 09:11
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Provident
Booking
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exclusive
Finova Capital secures Rs 1,135 crore in fresh funding from Avataar Venture Partners, Sofina, Madison India and others
Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round led by Avataar Venture Partners, Sofina and Madison India Capital, with existing investor Norwest Venture Partners also participating, the Jaipur-based company said on Tuesday. The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early investors, the company said. The transaction marks business-to-business focused growth-stage fund Avataar Venture Partners’ first investment in the financial services sector in India.
29.10 / 09:11
markets
Citi
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Election
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Rebel Congress Leaders in Pune go independent ahead of Assembly Polls
Congress leaders in Pune, after being left out in ticket distributions for the assembly polls has prompted three senior leaders--Aba Bagul, Kamal Vyavhare, and Manish Anand--to file their nominations as independent candidates for key seats in the city. This discontent stems from seat-sharing issues within the Maha Vikas Aghadi (MVA). The first woman mayor of Pune, Kamal Vyavhare, will contest from Kasba Assembly constituency, while Manish Anand will run from Shivaji Nagar and Aba Bagul from Parvati Assembly seats. Notably, Kasba and Shivaji Nagar seats were allocated to Congress, with Ravindra Dhangekar and Datta Bahirat as the declared candidates, respectively. Parvati Assembly seat was given to NCP's Ashwini Kadam. Aba Bagul, who has been a councillor in Pune Municipal Corporation for 40 years, also being in several standing committees and leader of the opposition in the corporation, is as an independent candidate from the Parvati Assembly constituency of Pune city.
29.10 / 09:11
markets
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Podcasts
'Aliens are around us': Ranveer Allahabadia shares video of ISRO chief talking about extra terrestrials
Ranveer Allahabadia has shared a podcast with Indian Space Research Organisation (ISRO) Chairman S Somanath, where he talked about the possibility of extraterrestrial civilizations, proposing that alien life likely exists in diverse stages of advancement across the universe. In the conversation, ISRO chief said that aliens are definitely there and present around us. His comments add a significant voice to the ongoing debate surrounding extraterrestrial life, urging a broader view of human civilization’s place in the cosmos. Rapid technological advances could mean advanced alien life exists In an interview on a podcast with Ranveer Allahbadia, the ISRO chief highlighted humanity’s recent technological strides, noting that, a century ago, our technological capabilities were extremely limited. This comparison served as the basis for his argument that civilizations across the universe could vary significantly in their developmental stages.
29.10 / 09:11
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Analysis
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Realty developer Anant Raj to raise up to Rs 2,000 crore via QIP
Anant Raj Ltd will raise up to Rs 2,000 crore via Qualified Institutional Placement (QIP) for expansion and development of projects. Earlier this year, the company had raised Rs 500 crore QIP and used part of the funds raised to bring down the debt and working capital requirements.
29.10 / 09:11
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Digital
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PAM
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Airtel Q2 showed resilience amid rate hikes, top level changes to be non-disruptive: Analysts
Bharti Airtel’s revenue growth was higher than larger rival Reliance Jio’s which lost 11 million subscribers, analysts said, indicating a higher resilience from the nation’s second largest telecom operator. In addition, brokerage Citi Research said it does not expect the change in leadership in Airtel which was announced Monday to be very disruptive. “This should be further supported by Bharti’s strong established credentials and our view that the peak of competitive intensity is behind us”. Market analysts said that Airtel’s user loss was mainly amongst low-ARPU (average revenue per user) subscribers, which combined with 0.8 million net additions in the postpaid user base, showed the Sunil Mittal-led operator’s success in premiumising its subscriber mix.
29.10 / 08:59
markets
Strategy
Election
President
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"He will win by record margin," says Maharashtra Deputy CM Fadnavis as BJP state chief Chandrashekhar Bawankule files nomination
Devendra Fadnavis on Tuesday accompanied Bharatiya Janta Party (BJP) state president Chandrashekhar Bawankule as he filed his nomination for the upcoming Maharashtra assembly elections. Speaking to the media reporters, Maharashtra Deputy CM Fadnavis said that a lot of people have come to witness the nomination filing of BJP state president Chandrashekhar Bawankule from the Kamthi Assembly constituency for the Maharashtra assembly polls. «Today our state (BJP) president is filing his nomination from the Kamthi Assembly constituency, a large number of people have come here. He will win with a record number of votes and the Mahayuti government will be formed again in the state,» he said.
29.10 / 08:59
UPS
FIVE
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With luxury and sustainability, Gulfstream G700 gives a new meaning to business jets
business jets that also have the extravagance of superyachts. Famous names in this business — such as Gulfstream, Dassault and Bombardier — are engaged in a fierce battle to outdo each other, with more technology and luxury being crammed into their latest creations. The newer range of business jets are even more lavish, yet designed keeping sustainability in the mind. That’s because the owners of such aeroplanes are no longer focussed on just, say, gold fixtures or loud colours: “responsible luxury” has become the new buzzword for them. Gulfstream has been successful with the 650ER, but its new G700 is a significant step up as it comes with a set of new engines and an overhauled cabin design. The G700 is crucial for the planemaker because the demand for long-haul private jets has increased, in most part due to billionaires such as Jeff Bezos and Elon Musk owning this jet. After launching the 650 ER, Gulfstream returned to the drawing board to improve speed, range and roominess, and came up with the G700. The exterior design of the latest model remains elegant and restrained. But the interiors have seen a radical departure from the usual business jets.
29.10 / 08:59
markets
Target
Digital
security
economy
Sustainability
community
Modern biogas tech offers key innovative solutions for waste management, resource optimisation in agriculture: Piyush Sohani, Sistema.bio
biogas sector is rapidly emerging as a key player in the global renewable energy landscape as energy demands rise in emerging economies such as India. The urgent need to address climate change, enhance energy security and promote sustainable development also makes biogas an attractive option. Modern biogas technology significantly uplifts rural communities by creating economic opportunities and enhancing self-sufficiency, says Piyush Sohani, Country Director-India, Sistema.bio, in an interaction with ET Digital. The implementation of biogas projects generates jobs and allows farmers to sell excess biofertiliser, diversifying their income streams, he adds. Edited excerpts: The Economic Times (ET): What is the current standing of the biogas sector in the global renewable energy market. What are its projections, especially in emerging economies like India? Piyush Sohani (PS): The biogas sector is rapidly emerging as a key player in the global renewable energy landscape, projected to grow at a compound annual growth rate (CAGR) of approximately 5.2% from 2020 to 2030. This trajectory could elevate the market size to around $86.7 billion by 2030.
29.10 / 08:59
Nielsen
film
Actor
love
classical
actress
stars
'Baywatch' actress Pamela Anderson reacts to her 'The Naked Gun' co-star Liam Neeson's love confession
Liam Neeson praised Pamela Anderson, she reacted by outlining why he is «the perfect gentleman» to work with. The ‘Love Actually’ star was all praise for Anderson, calling her absolutely “terrific” as a co-actor. Earlier this year, iconic actors reunited to film a reboot of the classic cop comedy The Naked Gun: From the Files of Police Squad!—a fresh take on the beloved 1988 original, which famously starred Leslie Nielsen. Neeson plays Drebin Jr. in the future film The Naked Gun, which is presently scheduled for release in 2025. It is assumed that Neeson is the son of Frank Drebin from the 1988 film. Although Anderson's part has not yet been made public, it is certain that she will appear in at least a few scenes alongside Neeson, who disclosed his experience working with the Baywatch star in an interview with People. In response, Anderson praised Neeson as an actor who 'brings out the best in you' and not only that but does it 'with respect, kindness, and depth of experience'. The 57-year-old said Neeson 'sincerely looked after' her, recalling moments where he 'wrapped his coat around [her] when [she] was cold,' resolving he's the 'perfect gentleman'. She added: «It was an absolute honor to work with him.» While Neeson was worried whether he could pull off comic scenes, Anderson was quick to assure him. The actress branded Neeson 'humble' and said: «It was hard to keep a straight face in scenes together.»
29.10 / 08:59
markets
UPS
Digital
Mobile
Experts
PAM
Cashfree Payments receives prepaid payment instrument licence from RBI
Cashfree Payments on Tuesday said it has received the Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India (RBI). With the PPI licence, the Bengaluru-based payment aggregator can offer digital payment solutions such as mobile wallets, prepaid cards and vouchers, which customers can load with funds and use for transactions. “The PPI licence opens up a new field of opportunity for innovation in the payments landscape. Our focus has always been to provide secure, flexible and efficient payment experiences to Indian businesses as well as their customers. The PPI licence will help us build offerings that let internet businesses retain and grow their user base,” said Akash Sinha, CEO and cofounder, Cashfree Payments.
29.10 / 08:59
markets
Digital
security
Strategy
Experts
PAM
Vridhi Home Finance raises Rs 310 crore in fresh funding from Norwest, existing investors
Vridhi Home Finance has secured Rs 310 crore in equity funding from Norwest Venture Partners along with its existing investor Elevation Capital and the company’s founders. It comes after the company raised $18 million from Elevation Capital in its first institutional fundraising in October 2023. In a statement on Tuesday, Vridhi Home Finance said that it is investing in building a strong distribution network, in risk management practices and in its technology back end to create a digital home loan process.
29.10 / 08:59
markets
Digital
Election
awards
Experts
PAM
country
"Congratulations each one of them...": Chirag Paswan after PM Modi distributes appointment letters under Rozgar Mela
Chirag Paswan on Tuesday witnessed the awarding of appointment letters to newly-appointed youth during the Rozgar Mela event in Thiruvananthapuram and congratulated all the youth who received the appointment letters. «As my Prime Minister calls it the 'Amrit Kal', they (recruits) will be a part of the government when we become developed nation on 2047. This comes with a huge responsibility for them to prove themselves. I congratulate each one of them,» Chirag Paswan said. Earlier today, PM Modi distributed over 51,000 appointment letters to newly appointed youth under Rozgar Mela through video conferencing.
29.10 / 08:59
markets
Digital
Experts
PAM
performer
Department
Courts
Uttarakhand HC issues contempt notice to DoPT secretary
Uttarakhand High Court has issued a contempt notice to Dr Vivek Joshi, Secretary Department of Personnel and Training (DoPT) for allegedly defying its order over the empanelment of an Indian Forest Service (IFS) officer with the Centre. Justice Alok Kumar Verma issued the notice to the DoPT on October 23 on a plea filed by IFS officer Sanjiv Chaturvedi who alleged a wilful defiance of the court's order on his empanelment. A division bench of the high court had directed the Central government in September to provide Chaturvedi with his empanelment documents as a joint secretary (JS). He had moved the high court after the Central government passed an order saying the «appointment committee of cabinet had not approved» his empanelment for «holding the post of JS or equivalent at the Centre».
29.10 / 08:59
markets
Strategy
Boeing
Monarch
country
reports
When PM Modi was hosted by one of world's wealthiest monarch who owns 7,000 cars, palace with over 1,700 rooms
Brunei Sultan Hassanal Bolkiah hosted Prime Minister Narendra Modi in the world's largest residential palace during the latter's bilateral visit to the country. PM Modi became the first Indian Prime Minister to travel to the Southeast Asian nation on a bilateral visit. The two-day visit aimed to strengthen India's ties with Brunei and commemorated 40 years of diplomatic relations between the two countries. The two leaders took stock of bilateral relations including in areas of defence, trade & investment, energy, space technology, health and pharmaceuticals, capacity building, culture and people-to-people ties. They also exchanged views on regional and global issues of mutual interest. ALSO READ: World's richest monarch is wealthier than King Charles. Check his net worth, source of income
29.10 / 08:59
markets
Target
Digital
Experts
War
PAM
Israeli strike in northern Gaza kills 34, officials say, as Hezbollah announces new leader
Israeli strike on a five-story building where displaced Palestinians were sheltering in the northern Gaza Strip killed at least 34 people early Tuesday, more than half of them women and children, Gaza's Health Ministry said. In a separate development, Lebanon's militant group Hezbollah said it has chosen Sheikh Naim Kassem as its new top leader following the killing of Hassan Nasrallah in an Israeli airstrike last month. The group said in a statement that Hezbollah's decision-making Shura Council elected Kassem, who had been Nasrallah's deputy leader for over three decades, as the new secretary-general. Hezbollah vowed to continue with Nasrallah's policies «until victory is achieved.»
29.10 / 08:45
Strategy
wellness
Refugees
War
country
Israel cuts ties with UN agency, creating new hurdles for Palestinian aid
Subscribe to enjoy similar stories. TEL AVIV—Israel’s parliament passed legislation to sever ties with the United Nations agency for Palestinian refugees, curtailing its ability to work in Gaza and the West Bank at a time when it is leading the humanitarian response to the war in Gaza. The laws passed late Monday effectively ban Unrwa—known formally as the United Nations Relief and Works Agency for Palestine Refugees in the Near East—from operating in Israeli territory and forbid Israeli state authorities from having contact with it.
29.10 / 08:45
Mobile
Netflix
wellness
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Features
Netflix adds a way to share your favourite scenes from movies and tv shows. Here's how new ‘moments’ feature works
Netflix Moments allows users to get the most out of iconic scenes from their favorite content by bookmarking and saving them within the app, as well as sharing them with friends. With clips from movies and TV shows already widely circulating on social media, it seems Netflix wants to get in the game itself, potentially bringing more attention to its content.Netflix's Giancarlo Esposito also talked about the need for Moments in a statement to Variety, he said, “I know firsthand there’s something magical that happens when a powerful story finds its audience on Netflix.
29.10 / 08:45
economy
pandemic
performer
country
shock
guidelines
International
Raghuram Rajan: The IMF needs governance reform to retain its relevance
Subscribe to enjoy similar stories. The world needs an effective International Monetary Fund (IMF). Countries have become hugely indebted after the covid pandemic, and the risk of new shocks grows as the world warms and new pathogens emerge.
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