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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 / 07:23
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Share price of Indian Hotels jumps as Sensex drops 21.76 points
Indian Hotels Company Ltd. gained 0.15 per cent to Rs 658.75 at 12:32PM (IST) in Thursday's trade. The scrip has hit a high of Rs 663.2 and low of Rs 651.3 so far during the session. The stock had closed at Rs 657.7 in the previous session. The counter has had a total traded volume of 22322 shares so far with a value of Rs 1.46 crore on the NSE. It traded at a price-to-earnings multiple of 72.9 and a price-to-book ratio of 8.9.
24.10 / 07:23
Twitter
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Why is #KamalaGropedMe trending on Twitter?
Twitter (now X) exploded with the hashtag #KamalaGropedMe, with thousands of posts. Ironically, many users were tweeting in confusion, wondering what it was about. One confused X user tweeted, «What is this #KamalaGropedMe?» A response explained that the hashtag is trending in reaction to a former model's allegations against Donald Trump, claiming he groped her in the 1990s. The ex-model, Stacey Williams, alleged in an interview with The Guardian that the incident occurred during a visit to Trump's New York office in the 1990s, after being introduced to him by the late financier Jeffrey Epstein.
24.10 / 07:23
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Ganga-Jamuni Tehzeeb is a farce; Shah Rukh Khan's role in Chak De! was based on Hindu coach Ranjan Negi, says Annu Kapoor
Chak De! India, alleging that the story was originally based on a Hindu coach, Ranjan Negi, but the filmmakers changed the character to a Muslim named Kabir Khan, played by Bollywood superstar Shah Rukh Khan, for what he claimed was «propaganda». He called it a propoganda based on fake Ganga Jamuna Tehzeeb. The viral interview clip has sparked a heated debate online, with users on X sharing divided opinions on the actor's comments.
24.10 / 07:23
24.10 / 07:23
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SC refuses to entertain plea alleging contempt of demolition order by 3 states
Supreme Court on Thursday refused to entertain a plea alleging contempt of its order on demolition of properties by the authorities in Uttarakhand, Rajasthan and Uttar Pradesh. A bench headed by Justice B R Gavai and comprising Justices P K Mishra and K V Viswanathan said it was not inclined to entertain the plea filed by the petitioner who was not directly or indirectly related to the alleged act. «We don't want to open a pandora box,» said the bench. The court said it will hear those affected by the demolition of properties.
24.10 / 07:23
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Reliance Power gets shareholders' nod to raise Rs 1,525 crore via preferential shares
Reliance Power said it has received shareholders' approval to raise Rs 1,524.60 crore through issuance of preferential shares. A resolution through a postal ballot notice has been passed with requisite majority, the company said in a late night stock exchange filing on Wednesday. According to the postal ballot notice, the company will raise up to Rs 1,524.60 crore by preferential issue of up to 46.20 crore equity shares and/or warrants convertible into equivalent number of equity shares at a price of Rs 33 per apiece.
24.10 / 07:23
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SRF shares down 0.49% as Nifty falls
SRF Ltd. rose 0.49 per cent to Rs 2235.45 in Thursday's trade. It hit an intraday high of Rs 2258.95 and low of Rs 2160.0, respectively, during the day. The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.
24.10 / 07:23
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Share price of Divis Labs falls as Nifty weakens
<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. slipped 0.23 per cent to Rs 5710.0 in Thursday's trade as of 12:43PM (IST). The stock hit a high price of Rs 5766.5 and low of Rs 5691.15 during the session. The return on equity (ROE) for the stock stood at 11.78 per cent. Traded volume on the counter stood at 12:43PM shares and turnover at Rs 1.2 crore around that time. The stock of <a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. quoted a 52-week high price of Rs 6276.2 and 52-week low prices of Rs 3300.0, respectively.
24.10 / 07:23
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Reliance and Nvidia to build AI infrastructure in India
Reliance and Nvidia, a leading US-based company in Artificial Intelligence computing has announced a joint attempt in building AI infrastructure in India. The announcement was made by CEO Jensen Huang during a chat session with Mukesh Ambani at the Nvidia AI Summit 2024 on Thursday. The summit was being hosted by Nvidia, one of the world's leading tech companies for the first time in India. «It makes complete sense that India should manufacture its own AI. You should not export data to import intelligence. India should not export flour to import bread,» said Jensen Huang while in conversation with the Reliance Chairperson.
24.10 / 07:23
24.10 / 06:43
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GAIL shares fall 0.11 per cent in Thursday's trading session
GAIL (India) Ltd. fell 0.11 per cent to Rs 211.2 in Thursday's trade as of 12:06PM (IST) even as the benchmark Nifty ruled at 24406.65, down 28.85 points. The scrip had closed at Rs 211.45 in the previous session. The stock quoted a 52-week low of Rs 116.2 and a high of Rs 246.35. The company quoted a market-cap of Rs 139096.23 crore on the BSE.
24.10 / 06:43
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Shares of Federal Bank rise as Nifty drops
Federal Bank Ltd. gained 0.68 per cent to Rs 189.75 in Thursday's trade as of 12:01PM (IST). It hit a high of Rs 190.75 and low of Rs 186.45 during the session. The stock quoted a 52-week high price of Rs 206.55 and a low of Rs 137.3. The return on equity for the stock stood at 12.89 per cent. About 63,207 shares have changed hands on the counter so far.
24.10 / 06:43
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Nikhil Kamath’s rented Bengaluru apartment divides internet over 'wealth vs taste' debate. Some netizens call it 'super ugly'
Zerodha co-founder Nikhil Kamath, known for his preference for renting over owning, has sparked online debate after photos of his previous rented apartment in Bengaluru resurfaced. Despite being widely recognized for his financial acumen, the billionaire found himself in the center of an unexpected controversy, with social media users criticizing the design of his sprawling 7,000-square-foot rented residence in Kingfisher Tower.
24.10 / 06:43
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hospital
Dinshaw Irani’s top sectoral picks for next market cycle
«We like the CDMO space, no doubt about that and that is why we have only one player out there, which is probably one of the best players within that space as such,» says Dinshaw Irani, CEO, Helios Mutual Fund. Are you keen on pharma at all and which end of pharma, is it hospitals, diagnostic, domestic facing companies, CDMO players, export players, where is that you are finding value and comfort right now? Dinshaw Irani: So, basically, it is kitchen sinking out there. I mean, the way you stated. So, I do not know. We are very keen on obviously hospitals. We have got a couple of players there that we like and that is more of a call on the per capita is moving up in our country and obviously health becoming a bigger spend, that is what one saw in China or any other economy which was picking up as such, so that is one call that we have taken.
24.10 / 06:43
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Sardar Patel's 150th birth anniversary to be celebrated for two years: Amit Shah
Amit Shah on Wednesday announced that the government will celebrate the 150th birth anniversary of Sardar Sardar Vallabhbhai Patel, on October 31 next year, with two-year nationwide celebrations from 2024 to 2026. Shah announced on X: «Sardar Patel-ji's enduring legacy as the visionary behind the establishment of one of the world's most robust democracies and his pivotal role in unifying India from Kashmir to Lakshadweep remains indelible. To honour his monumental contributions, the government of India, under the leadership of PM Narendra Modi, will commemorate his 150th birth anniversary with a two-year-long nationwide celebration from 2024 to 2026. This celebration will serve as a testament to his remarkable achievements and the spirit of unity that he epitomised.»
24.10 / 06:43
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North Korea propaganda leaflets found in Seoul attack South Korea's first couple
propaganda leaflets apparently carried by balloons were found scattered on the streets of the South Korean capital Seoul on Thursday, including some making personal attacks on the country's president and first lady. The leaflets attacking South Korean President Yoon Suk Yeol and First Lady Kim Keon Hee found in the capital appear to be the first instance of the North Korean government directly sending anti-South propaganda material across the border. They included graphic messages accusing the Yoon government of failures that had left his people living in despair, and describing the first couple as immoral and mentally unstable.
24.10 / 06:43
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Courts
Will hand over next tranche of land for new Bombay HC building by December: Maharashtra to SC
Maharashtra government on Thursday told the Supreme Court that it will hand over the next tranche of land by December for construction of the Bombay High Court's new building complex in Mumbai's Bandra region. The state government also informed a special bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai and JB Pardiwala that so far it has not received the possession of the Air India building in south Mumbai where the mediation centre of the Bombay High Court is proposed to be shifted. The state government said possession of 30.16 acre of land will be handed over to the high court in a phased manner, adding the first tranche measuring 4.39 acres has already been given.
24.10 / 06:43
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Yellow
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Features
'Made using AI': Delhi Metro’s breast cancer awareness ad stirs controversy over insensitive imagery
breast cancer awareness in a women’s coach of the Delhi Metro’s Yellow Line has ignited significant backlash due to its inappropriate language and imagery. The campaign, intended to mark Breast Cancer Awareness Month, has faced widespread criticism for referring to breasts as “oranges,” a term many deem insensitive and distasteful. The poster, created by the YouWeCan Foundation, features AI-generated images of women holding oranges on a bus, with the tagline “Check your oranges every month.”
24.10 / 06:43
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Booking
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LTIMindtree shares gain 0.71% as Sensex falls
LTIMindtree Ltd. traded at Rs 5976.55 on BSE at 11:55AM (IST) on Thursday, up 0.71 per cent. The stock quoted a 52-week low price of Rs 4518.35 and a high of Rs 6575.0. Earlier in the day, the stock saw a gap up opening.
24.10 / 05:11
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Food
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Stock market update: FMCG stocks down as market rises
JHS Svendgaard Laboratories Ltd.(up 3.63%), Euro India Fresh Foods Ltd.(up 3.03%), Jyothy Labs Ltd.(up 2.91%), Gillette India Ltd.(up 1.63%), Prataap Snacks Ltd.(up 1.52%), Dangee Dums Ltd.(up 1.38%), Honasa Consumer Ltd.(up 1.09%), LT Foods Ltd.(up 0.87%), Adani Wilmar Ltd.(up 0.81%) and Patanjali Foods Ltd.(up 0.70%) were among the top gainers.
24.10 / 05:11
markets
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Analysis
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Updates
Stock market update: Sugar stocks up as market falls
Simbhaoli Sugars Ltd.(up 4.99%), Kothari Sugars & Chemicals Ltd.(up 2.19%), DCM Shriram Industries Ltd.(up 1.42%), Balrampur Chini Mills Ltd.(up 1.14%), Vishwaraj Sugar Industries Ltd.(up 0.69%), EID Parry(India)Ltd.(up 0.63%), Uttam Sugar Mills Ltd.(up 0.59%), Dhampur Sugar Mills Ltd.(up 0.45%), KCP Sugar & Industries Corporation Ltd.(up 0.45%) and Avadh Sugar & Energy Ltd.(up 0.27%) were among the top gainers.
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