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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
Blockchain
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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 / 10:43
COST
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security
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International
This Chinese company launches ticket sales for space travel: Check prices and schedule
Deep Blue Aerospace, will begin selling tickets on Thursday for a commercial spaceflight scheduled for 2027. The tickets will be available during a livestream shopping event hosted by the company's founder, Huo Liang. Each ticket costs 1.5 million yuan (approximately $211,000) and offers passengers a chance to experience five minutes of zero gravity. Customers can secure their tickets by paying a 50,000 yuan deposit. Deep Blue Aerospace aims to lead China's growing commercial space industry, which Beijing hopes will compete with international rivals like SpaceX. In 2023, China conducted 26 commercial launches, including the successful launch of LandSpace's Zhuque-2 rocket, the first methane-fueled rocket in the world. Deep Blue Aerospace is focused on developing reusable rocket technology to lower costs. The planned mission in 2027 will be a suborbital flight, meaning passengers will reach space without entering orbit. The entire space experience is expected to last around 12 minutes.
24.10 / 10:43
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inclusion
Telecom companies seek cut in license fee
telecom industry has demanded that the license fee paid by them to the government should be reduced to 0.5% to 1% of the gross revenues, from the current 8%, as the circumstances and regime have changed for the industry. The industry said a reduction in fees would facilitate telcos to plough the revenues back to the network for upgradation and expansion, which will enable digital inclusion. The Cellular Operators Association of India (COAI), which counts all the three private telecom operators –Reliance Jio, Bharti Airtel and Vodafone Idea –as its members, said, payments made basis the AGR (adjusted gross revenue) need to be reconsidered under the changed regime and circumstances. Telcos pay an 8% license fee to the government, which includes a 5% universal service obligation (USO) levy.
24.10 / 10:43
markets
Align
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innovations
How cultural alignment can determine the future of GCCs in India
Global Capability Centers (GCCs) continue to expand in India, companies are learning that cultural alignment can significantly influence their success or failure. With over 1,800 GCCs in the country, contributing more than $65 billion annually, understanding local culture is becoming just as important as accessing India’s skilled workforce and cost-effective environment. Why Cultural Alignment Matters for GCC Operations For multinational companies setting up GCCs in India, it’s crucial to recognize that success goes beyond tapping into talent. Leaders need to understand and integrate local cultural norms to foster innovation, collaboration, and long-term success.
24.10 / 10:43
24.10 / 10:43
markets
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IPO
Provident
Analysis
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Rajesh Power Services files DRHP with BSE SME for raising funds through IPO
Rajesh Power Services (RPSL) has filed a Draft Red Herring Prospectus (DRHP) with the BSE SME to raise funds via an initial public offering (IPO). The IPO will comprise a fresh issue of 27.90 lakh equity shares with a face value of Rs 10 each and an Offer for Sale (OFS) of up to 20 lakh equity shares, through a book-building process.
24.10 / 10:43
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Traffic
Government proposes use of AI, innovative tech to check traffic violations: Nitin Gadkari
Artificial Intelligence and other innovative methods to check traffic violations and ensure that penalties are levied accurately, Union minister Nitin Gadkari said on Thursday. Addressing the 12th edition of the Traffic InfraTech Expo, the minister outlined plans for upgrading toll collection methods, including the exploration of satellite toll systems, which would improve efficiency and ensure transparency in toll collection. Gadkari noted that road safety cannot be achieved without integrating advanced engineering solutions, enforcement of laws, and the adoption of cutting-edge technologies like Artificial Intelligence (AI). Highlighting the ministry's approach to enhancing road safety, he said that the government has decided to appoint experts from the private sector to collaborate on developing technological solutions.
24.10 / 10:43
markets
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Boxing
film
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social
Allu Arjun's Pushpa 2 new release date announced. Check latest poster, plot, cast
Pushpa 2: The Rule, has reached a new high with the announcement of its release date. Originally slated for December 6, 2024, the film will now hit theaters a day earlier on December 5, 2024. This thrilling update was shared by the producers during a press conference in Hyderabad and subsequently on social media.
24.10 / 10:43
UPS
FIVE
Aviat
WhatsApp
country
Traffic
Govt aims to develop 50 more airports in 5 years: Aviation minister K Rammohan Naidu
K Rammohan Naidu on Thursday said the government aims to set up 50 more airports in the next five years and pitched for further developing the country's airport ecosystem that will also help in boosting job creation. In the last 10 years, the number of airports has doubled to 157. Naidu said that 50 more airports are expected to be developed in the next five years and 200 more in the next 20 years. The minister was speaking after inaugurating the Airbus India and South Asia Headquarters — Training Centre in the national capital.
24.10 / 10:43
markets
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Olympics
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WFI withdraws India from World Championship, writes to UWW about govt interference
Wrestling Federation of India (WFI) on Wednesday withdrew the Indian team from the World Championship, conveying to world governing body, UWW, that the sports ministry is interfering with its autonomy. The senior World Championship in 12 non-Olympic categories is scheduled to be held in Tirana, Albania from October 28. The WFI had recently announced selection trials for the U23 and World Championship, which was challenged as contempt of court by the protesting wrestlers who questioned the legality of the selection by the suspended federation. WFI withdrew the selection trials notice and the court, on October 4, decided not to proceed with the contempt petition.
24.10 / 10:43
markets
Digital
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PAM
reports
rights
Indian BPM companies must rethink approach to talent, prioritise right skills: Report
BPM) organisations must move beyond routine tasks and address more complex and strategic challenges while offering insights into the emerging skills that will define the future of work in this dynamic industry, a new report has said. As the sector undergoes rapid transformation driven by technological advancements, changing client expectations and new engagement models, the demand for specialised skills and redefined job roles has become more critical than ever, said the report, ‘BPM Shifting Gears: Shaping Tomorrow’s Skills and Careers’, jointly prepared by industry association Nasscom and job search portal Indeed. India’s BPM industry is steadily growing, generating $48.8 billion in revenue as of FY2024 while undergoing significant shifts from process management to delivering end-to-end transformation solutions.
24.10 / 10:37
markets
MET
Strategy
Cycling
rights
International
How hybrid funds can mitigate various investing risks
At record index levels and indeed across market cycles, most investors tend to focus entirely on the returns that an investment could generate. The underlying risk in achieving a specific return is often ignored.
24.10 / 10:09
UPS
Digital
security
information
reports
International
How grandparents can invest for their grandchildren without hiccups
Subscribe to enjoy similar stories. They say interest is dearer than the principal. Grandparents tend to dote on grandchildren more than their own.
24.10 / 09:57
UPS
love
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Making love not war in the Middle East
Subscribe to enjoy similar stories. Since the war in Gaza started over ten months ago, Israel and Hizbullah, an Iran-backed militant group in Lebanon, have exchanged almost daily rocket fire. As part of its response, Israel has been scrambling gps signals across the border region.
24.10 / 09:57
markets
Provident
FIVE
wellness
Trade
Headlines
Three under-the-radar microcaps that you can start tracking right away
Subscribe to enjoy similar stories. When you pick your favourite business daily or switch to your preferred channel for market updates, more often than not, you will find India's corporate giants all over it. And nothing wrong with that, but in that noise, one usually loses sight of other strong opportunities that do not make the headlines.
24.10 / 09:57
Google
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Death
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Relationships
Mother files lawsuit against Character.AI after son's death linked to Daenerys Targaryen chatbot
Daenerys Targaryen. Garcia claims her son developed a deep emotional attachment to the AI-driven character, which eventually led him to take his own life, reportedly using his stepfather’s handgun after declaring his desire to "go home" to be with the "love" of his life, reported the publication.As per the report, the lawsuit accuses Character.AI of programming the chatbot to deceive users by impersonating real individuals, including presenting itself as both a licensed psychotherapist and an adult romantic partner.Reportedly, Garcia argues that these AI-driven interactions drove her son to become increasingly detached from reality, ultimately leading him to lose his will to live outside the virtual relationship created by the chatbot.
24.10 / 09:57
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Provident
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SRF scouts for recovery in chemicals business as earnings visibility suffers
Subscribe to enjoy similar stories. SRF Ltd's September quarter (Q2FY25) results drew a lukewarm response from the Street, with the underperformance in its core chemicals segment and muted growth in the packaging films business weighing on investor sentiment. Consolidated Ebitda came in at ₹538 crore, down 13% year-on-year, falling short of the consensus estimate of ₹631 crore.
24.10 / 09:57
COST
Apple
Software
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Amazon Diwali sale ENDING SOON: Get discounts on storage devices like pen drives, SSDs, hard drives and more
Pen drives are the best to carry your data alongAlso read: Amazon Great Indian Festival Diwali Sale: Grab more than 80% off on tablets and accessories from Apple, Samsung and moreSolid State Drives (SSDs) have revolutionized data storage with their speed, reliability, and efficiency. Unlike traditional hard drives, SSDs use flash memory, which significantly reduces loading times for files, software, and operating systems.
24.10 / 09:57
markets
Citi
IPO
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Hyundai
cover
Hyundai Motor India vs Maruti Suzuki: Which is the better auto stock?
Subscribe to enjoy similar stories. The Indian stock market recently witnessed a landmark event – the successful completion of Hyundai Motor India’s ₹27,870-crore initial public offering, the country’s biggest IPO to date. The last time a car maker went public was in June 2003, when Maruti Suzuki launched its ₹990-crore IPO.
24.10 / 09:57
UPS
Align
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Doctors must be trained to handle the impact of climate change on our health
Subscribe to enjoy similar stories. We trust doctors to be up to date with the latest in medical science. So it’s concerning that our future medical professionals aren’t being trained sufficiently or consistently on a very real threat to public health: climate change.
24.10 / 09:39
markets
CEO
Sustainability
WhatsApp
reports
Strides Pharma Science Q2 Results: Firm psosts net profit of Rs 94.66 crore
Strides Pharma Science Ltd on Thursday reported a consolidated net profit of Rs 93.66 crore in the second quarter ended September 2024. The company had posted a net loss of Rs 149.45 crore in the corresponding period last fiscal, Strides Pharma Science said in a regulatory filing. Revenue from operations in the quarter under review stood at Rs 1,201.11 crore as against Rs 999.43 crore in the year-ago period, it added.
24.10 / 09:39
Digital
Strategy
Sustainability
President
PAM
innovations
International
ISBA partners with SanchiConnect to enhance digital tools for startup incubators
New Delhi: In a major step towards enhancing collaboration and digital adoption at incubation centres, the Indian STEPs and Business Incubators Association (ISBA) announced a strategic partnership with SanchiConnect at the 16th edition of ISBACON 2024, India’s premier conference for startup incubators. The conference attracted over 300 participants from incubators across India, government bodies, and international associations such as AABI (The Asian Association of Business Incubators), Thai-BISPA, the British High Commission, and the German Centre for Research & Innovation.
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