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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
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MET
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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23.10 / 06:31
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2020
Shares of Divis Labs rise as Nifty gains
<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. gained 0.01 per cent to Rs 5821.3 in Wednesday's trade as of 11:36AM (IST). It hit a high of Rs 5860.0 and low of Rs 5750.65 during the session. The stock quoted a 52-week high price of Rs 6276.2 and a low of Rs 3300.0. The return on equity for the stock stood at 11.78 per cent. About 2,020 shares have changed hands on the counter so far.
23.10 / 06:31
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PAM
CEC Rajiv Kumar thanks villagers who supplied essentials while stuck in remote area of Uttarakhand
Indo-Tibetan Border Police (ITBP) team that came to his aid after he was rescued from the remote Ralam village in Uttarkhand’s Pithoragarh district following an emergency helicopter landing due to inclement weather and left stranded at over 12,000 feet. Ralam is a high Himalayan village and is typically deserted during winter. Despite this, three villagers — Ishwar Singh Nabiyal, Surendra Kumar, and Bhupendra Singh Dhakriyal — trekked over 38km through rugged terrain to reach Kumar, who was stuck without food or proper shelter. He was with two other poll officials and the pilot of the chopper. The villagers provided warm noodles and other essential supplies to the officials. They arrived at the village around 1:00 am after battling extreme conditions.
23.10 / 06:31
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Hindustan Zinc shares surge 4% amid rising silver prices
Hindustan Zinc surged 4% to Rs 535 in Wednesday's trade on the BSE after silver prices reached the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets on Tuesday. Hindustan Zinc is India's largest producer of silver and refined silver. Meanwhile, on Tuesday, December silver contracts on the MCX hit a new lifetime high of Rs 99,475, gaining Rs 2,019, or over 2%. March 2025 futures were trading at Rs 1,01,688, up Rs 1,847, or 1.85%.
23.10 / 06:31
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RAI
Justice
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Courts
Chhota Rajan's life sentence suspended, grants him bail in Mumbai hotelier's murder case in 2001
Bombay High Court on Wednesday suspended the life sentence of gangster Chhota Rajan in connection with the murder of hotelier Jaya Shetty here in 2001 and granted him bail in the case. A division bench of Justices Revati Mohite Dere and Prithviraj Chavan directed Rajan to furnish a bond of Rs one lakh for the bail. Rajan will, however, continue to remain in jail in connection with other criminal cases. In May this year, a special court convicted Rajan in the hotelier's murder case and sentenced him to life imprisonment.
23.10 / 06:31
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Ambuja Cements shares up 0.9% as Nifty gains
Ambuja Cements Ltd. gained 0.9 per cent to Rs 563.1 in Wednesday's trade. It hit a high of Rs 564.9 and low of Rs 554.6 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 614.59, while the 50-DMA was at Rs 613.55. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
23.10 / 06:31
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North Korea's Kim Jong Un visits missile bases, cites US nuclear threat
Kim Jong Un has visited missile bases to examine their readiness to undertake actions of «strategic deterrence», while calling U.S. nuclear capabilities a growing threat to the country, state media reported on Wednesday. The U.S. strategic nuclear arsenal poses an «ever-increasing threat» to North Korea's security environment, which demands that Pyongyang maintain a strict counteraction posture of its nuclear forces, he was quoted as saying by KCNA. North Korea has been stepping up its development of ballistic missiles and a nuclear arsenal, drawing international sanctions, and forming close military relations with Russia.
23.10 / 06:31
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DSP Mutual Fund changes fundamental attribute of two equity schemes
DSP Mutual Fund has announced a change in fundamental attributes of its two equity schemes: DSP Equity & Bond Fund and DSP Quant Fund. The changes will be effective from November 28. The fund house informed about these changes through a notice-cum-addendum.
23.10 / 06:31
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Schools
NMDC increases iron ore prices by over 18 pc since August
NMDC has announced another price hike for its iron ore effective from October 23, a notification said. The price of lump ore has increased by 18.69 per cent since August this year and by 10.43 per cent in October alone to Rs 6,350 per tonne. While fines have seen a 17.35 per cent hike since August and a nearly 8 per cent rise in October to Rs 5,410 per tonne.
23.10 / 06:31
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Tata Power shares rise 0.91 per cent in Wednesday's trading session
Tata Power Company Ltd. rose 0.91 per cent to Rs 440.0 in Wednesday's trade as of 11:41AM (IST) even as the benchmark Nifty ruled at 24568.1, up 96.0 points. The scrip had closed at Rs 436.0 in the previous session. The stock quoted a 52-week low of Rs 230.75 and a high of Rs 494.85. The company quoted a market-cap of Rs 140738.73 crore on the BSE.
23.10 / 06:31
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evacuation
Odisha deploys 288 rescue teams, evacuates people as Cyclone 'Dana' heads toward Bay of Bengal
Bay of Bengal intensified into cyclonic storm 'Dana' on Wednesday morning, the Odisha government expedited the evacuation of people from coastal areas and deployed 288 rescue teams in vulnerable areas across 14 districts, officials said. The state government has already mobilised 19 National Disaster Response Force (NDRF) teams, 51 Odisha Disaster Rapid Action Force (ODRAF) teams, and 178 Fire Services teams, with an additional 40 teams also deployed in the affected districts. On Wednesday morning, the Indian Air Force transported 150 NDRF personnel and relief materials to Bhubaneswar using two aircraft.
23.10 / 06:03
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When Apple’s CEO could not afford to buy a bed and had to sleep on the floor. Tim Cook’s humble beginnings will inspire you
Tim Cook, now the CEO of Apple and a member of its board of directors, did not have an easy path to the top. After graduating from Auburn University, Cook’s first job was at IBM, where he relocated with everything he owned packed into his car. Early in his career, he couldn’t afford to furnish his apartment. For a while, Cook slept on the floor, only buying a bed when he had saved enough money. «I was sleeping on the floor for a while before I could afford to actually buy a bed,» Tim Cook told Wall Street Journal, adding, «My first job was delivering papers, and I was about 12 years old.»
23.10 / 06:03
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Adani Power stock price up 0.42 per cent as Sensex climbs
Adani Power Ltd. rose 0.42 per cent to Rs 590.3 at 11:10AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 124,003 shares with a turnover of Rs 7.28 crore till 11:10AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.24, while the price-to-book value ratio stood at 5.78.
23.10 / 06:03
Strategy
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wellness
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Podcasts
From 73 to 50 kilos: How Orry dropped 23 kilos with one simple trick; No gym needed
Orhan Awatramani, or as most people know him, Orry, recently dropped a whopping 23 kilos, and he credits it all to a super simple change in his diet: a strict zero-sugar approach! Now tipping the scales at just 50 kg, Orry shared the details of his transformation on Arhaan Khan’s podcast, Dumb Biryani. For context, Arhaan is the son of famous personalities Malaika Arora and Arbaaz Khan.
23.10 / 06:03
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Stock market update: Mining stocks up as market rises
Lexus Granito(India)Ltd.(up 12.95%), Gujarat Mineral Development Corporation Ltd.(up 7.77%), Oriental Trimex Ltd.(up 5.01%), Madhav Marbles & Granites Ltd.(up 4.40%), The Orissa Minerals Development Company Ltd.(up 3.66%), Ashapura Minechem Ltd.(up 3.46%), NMDC Ltd.(up 3.33%), MOIL Ltd.(up 2.62%), Sandur Manganese & Iron Ores Ltd.(up 2.32%) and Pokarna Ltd.(up 2.05%) were among the top gainers.
23.10 / 06:03
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COST
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Election
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China's exporters run for cover as US election nears
Trump wins next month's U.S. presidential election, Mike Sagan's toy-making company will halve its China supply chain within a year. KidKraft, which also makes outdoor play equipment, had already shifted 20% of its production out of China to Vietnam, India and elsewhere after Trump introduced 7.5%-25% tariffs in July 2018, midway through his first term. Now Trump threatens blanket 60% tariffs on China, which Sagan sees as a game-changing «blunt» tool.
23.10 / 06:03
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IMF retains India's GDP growth at 7 pc for FY25, says worldwide inflation fight is largely over but warns of new threats
World Economic Outlook (WEO) and expected India to grow at 7 per cent in the current fiscal year ending March 31, 2025 and 6.5 per cent in the next fiscal year (FY2025-26). «In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted, as the economy reconnects with its potential,» the IMF said in the World Economic Outlook. Looking beyond the one-year outlook, the global economy faces a feeble period of medium-term growth, the IMF said as it called for a slate of reforms in its latest WEO during the annual meetings of the fund and the World Bank in Washington.
23.10 / 06:03
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country
India is a significant market for aseptic packaging: SIG’s Samuel Sigrist
SIG Combibloc wants to make a difference. Last year, the Swiss firm — with a India clientele of brands like Amul, KMF, MilkyMist, Heritage Dairy, Coca-Cola, Parle Agro — began constructing its 10th global aseptic packaging plant in Ahmedabad, which will create over 300 jobs. In a conversation with ET Digital, Samuel Sigrist, CEO, SIG Group, talks about aseptic packaging technology and how India is the right market for it. Edited excepts: Economic Times (ET): What kind of potential is SIG looking to cater to in India when it comes to sustainable dairy packaging or sustainable packaging? Samuel Sigrist (SS): This is an amazing starting point, because in some markets in Asia, we first need to teach people to like milk. But that is not the challenge here. So the problem statement here starts with an opportunity statement. It is the largest milk market in the world and less than 10% is processed and packaged; and even a smaller part is in the safest form in the aseptic beverage carton. Now that just shows you the upside that we see. What drives this upside is not just the population growth, but also rising disposable income growth, a growing middle class and urbanisation.
23.10 / 06:03
23.10 / 06:03
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EY Fires Employees for attending online classes: Sacked workers say firm itself promoted multitasking
EY) has terminated the employment of several employees in the United States for attending multiple online training sessions during the firm's learning week earlier this year. The company stated that this action violated its global code of conduct and ethics. The dismissals occurred last week, and some of the affected employees shared their experiences with The Financial Times.
23.10 / 06:03
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Share price of Indian Hotels rises as Nifty strengthens
Indian Hotels Company Ltd. gained 0.51 per cent to Rs 659.35 in Wednesday's trade as of 11:16AM (IST). The stock hit a high price of Rs 662.7 and low of Rs 648.95 during the session. The return on equity (ROE) for the stock stood at 13.31 per cent. Traded volume on the counter stood at 11:16AM shares and turnover at Rs 2.16 crore around that time. The stock of Indian Hotels Company Ltd. quoted a 52-week high price of Rs 720.6 and 52-week low prices of Rs 371.45, respectively.
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