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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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28.10 / 16:17
markets
Sustainability
Trade
War
country
US remains a key stabiliser in middle east tensions, says former Indian foreign secretary
Middle East, India has solid oil reserves sufficient to last 12 days, with additional supplies in refineries that can sustain the country for about 18 days. However, any breakdown in the Strait of Hormuz lasting beyond 30 days could have significant lagging effects on the global economy and Indian markets, said former Indian Foreign Secretary Ranjan Mathai on Monday. “Moreover, there is concern that if a war spreads into the Gulf, it could affect the eight million expatriates living there,” he added. The diplomat made these observations while discussing “The Middle East Quagmire: Will the Iran-Israel War Spiral Further?” at an event organized by Synergia, a Bengaluru-based think tank. Speaking about the recent developments and Israel's decision to scale back its attacks on Iran, Mathai believes that US influence remains a key stabilizer in the region, as its presence deters large-scale conflict. “While Israel has formidable military and technological capacities, its vulnerabilities are showing. It currently needs U.S. assistance and must therefore rely on maintaining a solid line of communication with the decision-making authorities in Washington,” Mathai explained, adding that recent figures indicate as much as 40% of the next supply of missiles for the Iron Dome and Arrow will need to come from American sources.
28.10 / 16:11
security
economy
Trade
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Relationships
International
Israel urged by Yellen to help Palestinian economy function
Subscribe to enjoy similar stories. Treasury Secretary Janet Yellen warned that the West Bank’s economy could collapse if Israel doesn’t preserve its banking relationship with Palestinian financial institutions in the territory it occupies, highlighting another potential source of instability as Israel also fights foes in Gaza, Lebanon and Iran. In a letter to Prime Minister Benjamin Netanyahu, Yellen and several of her global counterparts urged the Israeli leader’s government to approve a waiver that would continue to allow Palestinian and Israeli banks to correspond.
28.10 / 16:11
Mobile
Qualcomm
Photography
Xiaomi
inclusion
reports
Features
Upcoming mobile launches expected in November 2024: Realme GT 7 Pro, Redmi A4 5G and more
Redmi A4 5G smartphone during the IMC 2024, marking a significant collaboration with Qualcomm. This device will be powered by the Snapdragon 4s Gen 2 chipset, making it Xiaomi's first 5G-enabled Redmi phone priced under ₹10,000. While the official launch date is yet to be confirmed, Xiaomi has indicated that the commercial release will occur later this year.The Redmi A4 5G is expected to be available in a single variant featuring 4GB RAM and 128GB storage, priced around ₹8,499, inclusive of launch and bank offers.
28.10 / 16:11
UPS
Provident
Waters
Manufacturing
Features
peace
Amazon Festival Diwali Sale: Avail up to 72% discount on kitchen appliances like mixers, air fryers, cookers, gas stoves
Amazon Great Indian Festival Diwali Sale: Up to 50% off on washing machines and refrigerators from LG, Samsung and moreThe Faber 4L Digital Air Fryer is a multifunctional kitchen appliance designed for healthy cooking. With a powerful 1350-watt motor, it allows you to fry, bake, roast, toast, grill, and reheat with 85% less oil, making meals healthier without sacrificing flavour.
28.10 / 16:11
UPS
Waters
security
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Features
Best water geysers: Stay warm this winter with these top 7 affordable options for efficient heating solutions at home
Reasons to buyReasons to avoidAlso read: Amazon Great Indian Festival Sale 2024: 8 PM deals with more than 60% off on high-capacity geysersThe Crompton Gracee Instant Heater Geyser is a compact and efficient option for instant hot water needs. With its sleek and stylish design, this geyser is perfect for modern bathrooms.
28.10 / 15:59
security
reports
testing
Trudeau hits date set by Liberal MPs to respond to caucus letter
Justin Trudeau is supposed to respond Monday to a group of Liberal MPs demanding his resignation as party leader, but the prime minister has already made his plans clear.
28.10 / 15:25
markets
War
shock
JPMorgan Chase CEO Jamie Dimon warns World War III has already begun, mentions China, Russia
JPMorgan Chase CEO Jamie Dimon has expressed concerns about the wars in Ukraine and the Middle East, and the growing cooperation between US adversaries including Russia, China, North Korea and Iran. “The risk is extraordinary,” he said. “World War III has already begun. You already have battles on the ground being coordinated in multiple countries," he said at the Institute of International Finance’s annual meeting in Washington DC. Jamie Dimon has given a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. According to a report in Business Insider, Jamie Dimon said US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war.
28.10 / 15:25
28.10 / 15:25
markets
Art
SUN
Trade
Experts
reports
Sun Pharma Q2 Results: Net profit jumps 28% to Rs 3,040 crore on higher sales
Sun Pharma reported a 28% year-on-year (YoY) jump in net profit to Rs 3040 crore in Q2FY25 led by higher sales growth in domestic formulation and global specialty portfolio. The company reported net profit of Rs 2375.5 crore during the corresponding quarter of the previous year.
28.10 / 15:25
markets
COST
UPS
Target
Manufacturing
CEO
orienteering
Increased pace of capex will help achieve targeted growth ahead of time: Adani Cement CEO
Adani Cement «achieve targeted growth ahead of time», said Adani Group Cement Business CEO Ajay Kapur in an investors' call on Monday. The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28. «Adani Cement will benefit from accelerated growth, lower costs and good synergies, all of which will contribute to leading the market and achieving sustainable performance in the near future. The pace of capex has increased, which will help to achieve targeted growth ahead of time,» said Kapur. Ambuja Cement, part of Adani Group, which houses all cement assets, is a debt-free company and as of September 2024, cash and cash equivalent for the company was at Rs 10,135 crore, said Kapur.
28.10 / 15:25
markets
UPS
FIVE
Digital
awards
Experts
Adani's Ambuja Cements eyes expansion through acquisitions on path to 140 mn tonne capacity
Ambuja Cements will be open to exploring further acquisitions on its journey to 140 million tonne of production capacity, even after the Adani-group owned company has made two major buyouts in the last few months. “With a net worth of almost Rs 60,000 crore and being debt-free, we have enough opportunities for expansion, both organic and inorganic,” chief financial officer Vinod Bahety said. “You can understand the strength that the balance sheet has,” he told analysts on a call post the company’s quarterly earnings. The country’s second-largest producer of cement saw its consolidated profit more than halve on year in the September quarter to Rs 473 crore. Revenue from operations rose a little more than 1% to Rs 7,516 crore and were at an all-time high. The growth in revenues, though, was lower than the volume growth during the quarter.
28.10 / 15:25
Provident
Assurant
cover
information
OBR accused of 'political intervention' by ex-chancellor Hunt over spending forecast review
In a letter addressed to the OBR on Friday (25 October) and published today (28 October), Hunt stated he was «not informed in advance» of the contents of the review despite it covering his time in office as chancellor. «In your letter to the Treasury Select Committee announcing the review on the 29 July, you stated that the review would cover ‘the adequacy of the information and assurances provided to the OBR by the Treasury regarding departmental spending,'» Hunt wrote in the letter. «As this covers my time as chancellor, as a matter of procedural fairness I would have expected to ha...
28.10 / 15:25
markets
BLOCK
Analysis
Citigroup
Trade
Experts
reports
American multinational Citigroup sells HDFC Bank's shares worth Rs 275 crore
Citigroup on Monday offloaded private sector lender HDFC Bank's shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,742.6 apiece, taking the transaction value to Rs 275.32 crore.
28.10 / 15:25
markets
Target
Strategy
Experts
show
gatherings
Schools
Lioness Season 2: Here’s when new episodes will release | Complete schedule
Zoe Saldaña and Nicole Kidman, is set to return for its second season on Paramount+, following a record-breaking premiere in 2023. The new season, highly anticipated by fans, began streaming on Sunday, October 27, 2024, with episodes expected to maintain the momentum of its predecessor.
28.10 / 15:25
markets
UPS
Racing
Election
President
show
reports
One week to go, Donald Trump has caught up with Kamala Harris
Kamala Harris on the campaign trail in Michigan, urging people to elect «America's first female president». Former President and Republican nominee Donald Trump seems to be racing ahead of Harris in the last leg of the campaign. The United States presidential election will be held on Tuesday, November 5. Harris' popularity is declining compared to a month ago after she got a big summertime boost. Various polls and estimates show Trump tied in or ranking ahead of Harris. The race had started tightening a few weeks ago.
28.10 / 15:25
markets
UPS
Digital
love
Celebrity
peace
Diwali 2024: Celebrate according to your zodiac; Aries, Aquarius, and Pisces prepare for surprises
Diwali is here—a time to light up life with joy, prosperity, and fresh beginnings! But did you know each zodiac sign has its own unique way to enjoy this vibrant festival? Here’s a quick guide to help each sign make the most of Diwali, based on your natural traits and energies, as per a TOI report. Aries: Known for endless energy, Aries, this Diwali is your chance to take a breather. With all the excitement around, find moments of calm by lighting soothing candles or doing a quick mindfulness ritual to bring some peace to your fiery nature.
28.10 / 15:25
Edmond de Rothschild AM poaches La Française portfolio manager for high yield bonds role
Dubrujeaud will start her new role today (28 October) and will join the firm's fixed income franchise led by Alain Krief, head of fixed income at Edmond de Rothschild, who was managing €8.6bn worth of assets as of September 2024. She will be part of the high yield debt team headed by Alexis Foret, working alongside portfolio manager Alexis Sebah in bolstering Edmond de Rothschild AM's coverage of European issuers. 'The next decade is for fixed income': High yield credit predicted to outperform US equities The high yield debt team handles €2.5bn of high yield pure corporate debt ass...
28.10 / 15:25
markets
IPO
Trade
Chrysalis considers fresh investment programme amid hopes of £200m liquidity boost
In a trading statement today (28 October), managers Richard Watts and Nick Williamson said the sale of Featurespace to Visa and Klarna's upcoming IPO, which they expect in the first half of 2025, could generate a total £200m of potential liquidity. This amount, which represents 38% of the trust's market cap, would be in addition to the trust's current £109m liquidity position, following $57m proceeds from the sale of Graphcore to SoftBank and the drawdown of a £70m loan facility from Barclays Bank. According to Chrysalis, the forthcoming liquidity from the Featurespace sale and Klar...
28.10 / 15:25
28.10 / 15:19
28.10 / 15:19
markets
UPS
Apple
Software
Features
Updates
Apple launches the iPhone into the AI era with free software update
Apple has released a free software update that will inject its first dose of artificial intelligence into its iPhone 16 line-up as the trendsetting company tries to catch up with technology’s latest craze
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