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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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24.10 / 11:33
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Go Digit posts 3x jump in Q2 net profit; gross premium collected at Rs 2,368 crore
Go Digit General Insurance posted a net profit of Rs 89.4 crore for the July-September quarter, up 222% from Rs 27.7 crore a year earlier. The new-age general insurance company reported a gross written premium of Rs 2,368.5 crore in the September quarter, up 14% from Rs 2,073.8 crore a year back. In a filing with the stock exchanges, the Fairfax-backed insurance company said it has reappointed its founder Kamesh Goyal as the non-executive chairman for a period of five years from October 24, 2024, subject to insurance regulator IRDAI’s approval.
24.10 / 11:33
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Russia moves to ratify N. Korea defence treaty, Seoul issues warning
Russia moved to ratify a key defence pact with North Korea on Thursday, while South Korea warned it would not «sit idle» if Pyongyang deployed thousands of troops to help Moscow fight Ukraine. Seoul's spy agency says thousands of North Korean soldiers are currently training in Russia and are likely to deploy to the front lines in Ukraine soon, with thousands more to be sent by December. Lawmakers in Russia's lower house of parliament voted unanimously on Thursday to ratify a treaty with North Korea that provides for «mutual assistance» if either party faces aggression.
24.10 / 11:33
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Turkiye strikes Kurdish militant targets in Syria and Iraq for second day
Turkiye struck suspected Kurdish militant targets in Syria and Iraq for a second day on Thursday following an attack on the premises of a key defense company which killed at least five people, the state-run news agency reported. The National Intelligence Organization targeted numerous «strategic locations» used by the Kurdistan Workers' Party, PKK, or by Syrian Kurdish militia that are affiliated with the militants, the Anadolu Agency reported. The targets included military, intelligence, energy and infrastructure facilities and ammunition depots, the report said. A security official said armed drones were used in Thursday's strikes. On Wednesday, Turkiye's air force carried out airstrikes against similar targets in northern Syria and northern Iraq, hours after government officials blamed the deadly attack at the headquarters of the aerospace and defense company TUSAS, on the PKK. Defence Minister Yasar Guler said Thursday that 47 alleged PKK targets were destroyed in Wednesday's airstrikes — 29 in Iraq and 18 in Syria.
24.10 / 11:33
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Stock market update: Power stocks down as market falls
Reliance Power Ltd.(up 4.99%), Jyoti Structures Ltd.(up 3.96%), Adani Power Ltd.(up 2.90%), NHPC Ltd.(up 2.40%), Karma Energy Ltd.(up 1.06%), NTPC Ltd.(up 0.89%), Power Grid Corporation of India Ltd.(up 0.72%), Inox Wind Ltd.(up 0.55%), PTC India Ltd.(up 0.47%) and Suzlon Energy Ltd.(up 0.44%) stood among the top gainers.
24.10 / 11:33
24.10 / 11:33
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Queen bows out: Former Indian women's hockey skipper Rani Rampal announces retirement
Indian women's hockey team captain Rani Rampal announced her retirement on Thursday, ending a glittering 16-year career during which she became an inspiration for beating abject poverty and conservative views at a small town in Haryana where her father worked as a cart-puller. The-29-year-old will sign off as one of India's most decorated hockey players after leading the women's team to its best-ever finish at the Olympics — a fourth place at the Tokyo Games in 2021. «It's been an outstanding journey. I never thought I will play for so long for India. I have seen a lot of poverty from childhood but focus was always to do something, represent the country,» she told reporters here. A clinical forward, who made her international debut in 2008 as a 14-year-old in the Olympic qualifiers that year, Rani scored 205 goals in her 254 outings for India.
24.10 / 11:23
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Oyo reports Rs 158 crore net profit in Q2: founder Ritesh Agarwal
Oyo achieved a profit after tax of Rs 158 crore in the second quarter of the current fiscal ended September, founder Ritesh Agarwal told employees in a townhall on Thursday, sources said. Oravel Stays Ltd, the parent company of Oyo, had posted a loss of Rs 50 crore in the same period of the previous year. During the first quarter, Oyo's profit after tax stood at Rs 132 crore. This brings the company's H1 FY25 net profit to Rs 290 crore ($35 million), marking a turnaround from the Rs 91 crore net loss reported in the same period of the previous fiscal, the sources said.
24.10 / 11:23
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Pushpa 3 major update shared by producers: What's next for Allu Arjun's action-drama franchise
Pushpa 2: The Rule on December 5, 2024, fans are eager to know what’s next. During a recent press conference, producers of the film hinted at a potential third part, confirming that discussions around Pushpa 3 have already begun.
24.10 / 11:23
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SC highlights misuse of dowry laws, acquits man in dowry death case
Supreme Court expressed concern over the misuse of dowry harassment provisions, noting that various relatives of the husband are often implicated alongside the main accused, reported TOI. The court stated that «exaggerated versions» are prevalent in many complaints and urged courts to exercise caution in these cases to protect the innocent from unnecessary suffering. Acquitting a man in a dowry death case, Justices C.T. Ravikumar and Sanjay Kumar highlighted that he married the deceased's sister-in-law after the initial dowry harassment allegations arose, and emphasised that he could not be convicted simply because his wife was found guilty. According to the TOI report, the apex court and various high courts have previously flagged the issue of misuse of these provisions. They emphasised that general and vague allegations should not serve as grounds for prosecution, advising courts to approach such complaints with caution.
24.10 / 11:23
24.10 / 11:23
24.10 / 11:23
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India's engineering goods exports surge 10.55% in September
In September 2024, engineering exports increased to US$9.82 billion from US$8.89 billion in the same month last fiscal year, securing 10.55 percent year-on-year growth, according to the industry body Engineering Exports Promotion Council (EEPC). Cumulative engineering exports during April-September 2024-25 were recorded at US$ 56.23 billion as against US$ 53.42 billion during the same period of the last fiscal, registering an increase of 5.25 percent.
24.10 / 11:23
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Polling Playbook: What the numbers really mean in the US Presidential race
US presidential race is heating up, but national polls are saying only so much. Whether Democrat Kamala Harris is trailing or Republican Donald Trump is gaining ground, it’s all part of the competitive landscape, according to TOI. Here’s the deal: polls aren’t designed to predict winners. They can track shifts in voter sentiment, but with only a small number of truly persuadable voters, capturing those changes accurately is tricky. Voter opinions can shift before Election Day, and those horse race polls only reflect a snapshot in time. For instance, if one candidate has 48 per cent support and another has 45 per cent, that tiny margin might not indicate a significant difference at all. The Associated Press focuses less on horse race polling numbers because it believes they can exaggerate the importance of pre-election data, reported TOI. While election-year polls are useful for gauging public sentiment about candidates and issues, they don’t equate to actual election results. Even the freshest poll right before the election reflects opinions before the votes are cast.
24.10 / 11:23
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NTT DATA launches AI upskilling programme for all employees
NTT DATA on Thursday announced a Generative AI (GenAI) Talent Development Framework to impart training to all its employees worldwide. India houses more than 40,000 of NTT DATA’s employees, the most outside the home base for the Japanese company with a headcount of about 200,000. “With the rapid advancement of generative AI, talent development has become a social imperative. By utilising the framework we have established, we can effectively cultivate highly skilled professionals,” chief executive Yutaka Sasaki said.
24.10 / 11:23
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Stock market update: Sugar stocks down as market falls
Simbhaoli Sugars Ltd.(up 4.99%), Ponni Sugars(Erode)Ltd.(up 1.06%), Kothari Sugars & Chemicals Ltd.(up 1.00%), DCM Shriram Industries Ltd.(up 0.33%), EID Parry(India)Ltd.(up 0.32%), KCP Sugar & Industries Corporation Ltd.(up 0.32%) and Dhampur Sugar Mills Ltd.(up 0.20%) stood among the top gainers.
24.10 / 11:23
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Union Minister Kumaraswamy's son Nikhil named NDA candidate for Channapatna Assembly bypoll
Nikhil Kumaraswamy was on Thursday announced as the NDA candidate for the November 13 Assembly by-polls from Channapatna, a seat vacated by his father and Union Minister H D Kumaraswamy after being elected to Lok Sabha. The 36-year-old is pitted against five time MLA from the segment and former Minister C P Yogeeshwara of the Congress, who joined the party after quitting BJP on Wednesday. Nikhi's mother Anitha Kumaraswamy, a former MLA, had unsuccessfully contested from the seat in 2013, and faced defeat against Yogeeshwara, a political heavyweight in the constituency. With Yogeeshwara joining Congress to contest the Channapatna bypoll, pressure was mounting on Kumaraswamy from party workers and leaders to field Nikhil.
24.10 / 10:55
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Cryptocurrency prices on October 22: Bitcoin falls over 2% to $67,700; Shiba Inu, NEAR Protocol drop up to 4%
cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours. As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.
24.10 / 10:45
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India Inc shouldn’t let its love of busy bees kill the buzz of work
Subscribe to enjoy similar stories. In India, we are taught to be busy, or at least convincingly play the part of looking busy. The art of being occupied round the clock starts right in childhood and is worn as a badge of honour throughout higher education and then one’s cut-throat work life.
24.10 / 10:45
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How public speeches have become RBI’s tool for signalling crackdowns
Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India (RBI) has been using public speeches by its top brass to hint at upcoming regulatory action against specific institutions or even some lending practices, showed a Mint analysis. This was evident when the regulator barred four non-bank financiers, including two microfinance institutions, from fresh lending.
24.10 / 10:45
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Tesla’s costly AI ambitions helped by earnings rebound
Subscribe to enjoy similar stories. Elon Musk says Tesla will produce millions of robots and self-driving cars in the future that will propel the company’s market capitalization to stratospheric levels. How he will fund that future is coming under sharper scrutiny.
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