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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
markets
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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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23.10 / 03:43
markets
Digital
Strategy
PAM
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Investigations
Ekta Kapoor, facing a case under under POCSO Act over 'Gandi Baat' web series, offers clarification
Ekta Kapoor and her mother, Shobha Kapoor, have addressed the controversy surrounding the case registered against them under the POCSO Act. The allegations involve inappropriate scenes featuring minors in the ALT Balaji web series 'Gandi Baat'. In response, ALT Balaji issued a statement clarifying the involvement of the two producers and denying any violation of laws. According to the statement, both Ekta and Shobha Kapoor are not involved in the platform’s daily operations. The management of ALT Balaji, including its content strategy, is handled by separate teams. The company emphasized that it operates in full compliance with the law, including the POCSO Act, and dismissed the claims of featuring minors as incorrect. ALT Balaji also expressed its faith in the judicial system and confirmed full cooperation with the ongoing investigation. «It is further clarified that Mrs Shobha Kapoor and Ms Ektaa R Kapoor are not involved in the day to day operations of the company and the same are managed by separate teams, including its content strategy. The company has complete faith in the judiciary and is fully co-operating with the authorities in the investigation. since the matter is sub-judice, the company refrains from commenting in detail,» the statement added.
23.10 / 03:43
markets
Target
Sustainability
Trade
show
track
Goldman Sachs cuts Indian stocks to neutral on slowing growth
Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings. “While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” strategists including Sunil Koul wrote in a note on Tuesday. Worsening earnings sentiment, an accelerating pace of earnings-per-share cuts and a weak start to the September-quarter results season indicate an impact on profits, they added.
23.10 / 03:43
markets
IPO
Analysis
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band
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Godavari Biorefineries IPO to open for subscription today. Should you bid?
Godavari Biorefineries will open for subscription on Wednesday. The issue will be available for bidding till October 25. The IPO includes a fresh issue worth Rs 325 crore and an offer-for-sale (OFS) of up to 6.53 million shares by existing shareholders and promoters. Private equity firm Mandala Capital AG will exit the company, selling its entire stake of 49,26,983 shares in the OFS.
23.10 / 03:43
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Analysis
trends
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information
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Paytm stock in focus after receiving NPCI approval to onboard new UPI users
Paytm (One 97 Communications) shares will be in focus on Wednesday after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars. «We would like to inform you that vide letter dated October 22, 2024, the National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users, with adherence to all NPCI procedural guidelines and circulars,» the company stated in a stock exchange filing.
23.10 / 02:59
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FIVE
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Trump hurls a string of insults at Harris including 'lazy,' a racist trope against Black people
Donald Trump on Tuesday hurled a series of personal attacks at Vice President Kamala Harris, calling her «lazy» — a word long used to demean Black people in racist terms — and repeatedly questioning her intelligence and stamina. At an event in Miami aimed at courting Latino voters, he said Harris was «lazy as hell» for not holding a campaign event. Trump's comments ignored that Harris spent her day in meetings in Washington and recording interviews with Telemundo and NBC. He referred to the first woman of color to lead a major party ticket as «slow» and having a «low IQ.» Later in the day during a rally in Greensboro, North Carolina, he called Harris a «stupid person» and went on to ask: «Does she drink? Is she on drugs?»
23.10 / 02:59
markets
Digital
Action
Software
performer
Features
Updates
Anthropic releases AI to automate mouse clicks for coders
Anthropic, a startup backed by Alphabet and Amazon. com, released a pair of updated artificial intelligence models on Tuesday, along with a new capability to autonomously perform computer tasks and save users keystrokes. The new «computer use» feature can tell AI «where to move the mouse, where to click, what to type, in order to do quite complicated tasks,» Anthropic's chief science officer Jared Kaplan said in an interview. The capability is tailored to software developers and represents a move toward AI agents, programs that require little human intervention to carry out multi-step actions. Researchers have touted agents as a frontier for AI development beyond chatbots, which easily conjure prose or computer code though not actions.
23.10 / 02:59
markets
Digital
Strategy
Election
Experts
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JMM releases 1st list of 35 candidates for Jharkhand polls, Hemant Soren fielded from Barhait
Hemant Soren from Barhait and Kalpana Soren from Gandey segments. The assembly polls will be held in two phases — on November 13 and 20 — while the results will be declared on November 23. Hemant Soren is the sitting MLA from Barhait (ST) constituency in Sahibganj district. He won the seat by 25,740 votes over his nearest BJP rival Simon Malto in the 2019 assembly elections. His wife Kalpana Soren had won the Gandey bypoll by 27,149 votes over her nearest BJP rival Dilip Kumar Verma. The seat had fallen vacant following the resignation of JMM MLA Sarfaraz Ahmad.
23.10 / 02:59
markets
Citi
Extreme
wellness
Trade
Commentary
International
PSU Banks positioned for recovery; defence stocks await further correction: Mayuresh Joshi
Karur Vysya Bank has given a good set of numbers. City Union Bank yesterday has given a good set of numbers and a few of the PSU banks have given a good set of numbers as well," says Mayuresh Joshi, Head Equity, Marketsmith India. Broader markets is where the pain is pretty sharp but one of the stock that is holding out in this sort of a market is ICICI Bank. While one end of the market, you have ICICI Bank that is holding onto the positive territory. You have IndusInd Bank that has hit a 52-week low on an intraday basis today. What is your take when you talk about the banking space as a whole then? Mayuresh Joshi: So, two things, one, the numbers for most banks, specifically the larger ones have been pretty good. Axis Bank gave a good set of numbers. HDFC Bank, good set of numbers and the commentary was equally encouraging. Kotak had their one misses in the numbers itself, so quite a few one-offs in the numbers. Expectations that as rate cut cycle starts in India as well, some element of positivity expected to come through.
23.10 / 02:59
markets
IPO
Reuters
security
Metro
Trade
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Tokyo Metro shares jump a third in market debut
Tokyo Metro jumped 36% in their Tokyo market debut on Wednesday after an initial public offering proved popular among investors. Tokyo Metro, one of the capital's two major subway operators, opened at 1,430 yen ($9.44) after shares were initially untraded with a glut of buy orders.
23.10 / 02:59
markets
Sustainability
PAM
show
information
reports
Department
TSMC told US of chip in Huawei product after TechInsights finding, source says
Huawei product after tech research firm TechInsights took apart the product, a person familiar with the matter said, revealing a possible violation of export restrictions on the Chinese company. The teardown was of Huawei's Ascend 910B, another source said. The 910B is viewed as most advanced AI chip available from a Chinese company. The first source would not identify the item, but said the TSMC chip was one within a multi-chip system. TechInsights informed TSMC of the chip before publishing its findings in a report, the person said, prompting the Taiwanese firm to notify the U.S. Commerce Department a couple of weeks ago.
23.10 / 02:59
markets
Digital
Food
Experts
outbreak
strain
Investigations
McDonald's E. coli outbreak: 1 dead, dozens sick across US — Everything you need to know
E. coli outbreak across 10 states, according to the U.S. Centers for Disease Control (CDC). The outbreak, caused by E. coli O157, sent 10 people to the hospital. This strain was also responsible for the deadly 1993 outbreak at Jack in the Box restaurants. The CDC reported that everyone affected had eaten at McDonald's prior to their illness, with most recalling having a Quarter Pounder. Investigators are focusing on slivered onions and fresh beef patties as potential sources, though the exact ingredient has not yet been identified. McDonald's has removed the slivered onions and beef patties from stores in the affected states, including Colorado and Nebraska, as a precaution. U.S. food safety attorney Bill Marler noted that onions have been tied to past E. coli outbreaks, while beef contamination is rarer due to strict food safety measures.
23.10 / 02:59
markets
COST
Target
Digital
economy
Trade
Experts
ECB policymakers increasingly worried over too-low inflation
inflation falling below the central bank's 2% target, signalling a change in their focus after years of excessive price growth. Inflation in the euro zone dipped to 1.7% last month and could be back at 2% on a durable basis in the first months of 2025, ending three years of excessive price growth, when inflation even briefly rose into double digits.
23.10 / 02:59
markets
Strategy
Food
Trade
Experts
Bottomline
reports
Zomato shares in focus after Q2 profit misses estimates
food delivery company Zomato will be in focus after the company's profit in the second quarter missed the Street estimates. The bottomline zoomed nearly 389% YoY in the reporting period to Rs 176 crore from a year ago, but an ET Now Poll was expecting PAT to be around Rs 260 crore.
23.10 / 02:59
markets
UPS
IPO
trends
Trade
Experts
Pharmaceuticals
Expect a subdued trend in midcaps and smallcaps for some more time: Sampath Reddy
Sampath Reddy, Founder & CIO, Azurean Investment Managers, says overall, the steep growth in the earnings that we had seen in the last several quarters, is getting decelerated. As a result, overall the valuation premium that we used to enjoy vis-a-vis most other global markets is getting slightly compressed. So, we could see a subdued trend in the market for some more time, more so in the midcap and smallcap segments. I am guessing the portfolio is not looking a very pretty picture right now and if possible, perhaps one should stay away from looking at the portfolios today with the kind of weakness that we are seeing. But do you expect this to be only a transient issue or are the next couple of weeks and months going to be full of turmoil and volatility for individual investors? Sampath Reddy: The way the markets have moved up over the last few years, overall valuations are on the higher side, especially more so in the midcap and smallcap segment where the valuations are much more steep. Because of which, there could be a subduedness in the market overall for the very near term and even if we were to look at the quarterly numbers of the Q2, most other places, the numbers are coming slightly below expectations.
23.10 / 02:37
markets
Corning
Food
Research
trends
President
country
Mexico announces food and agriculture plan that could take the country back to the 1980s
Mexico's new president has announced an agriculture plan that could make the country's food production and distribution look a lot more like it did in the 1980s
23.10 / 02:37
23.10 / 02:37
COST
Strategy
community
pandemic
Universities
Schools
Peloton plans to sell its deluxe stationary bike at Costco to reach holiday shoppers
Peloton plans to sell its deluxe stationary bike at Costco this holiday season as the struggling connected-exercise company seeks to broaden its customer base
23.10 / 02:37
Actor
Patterson
musician
Courts
ABBA, Radiohead and The Cure musicians sign AI protest letter against 'unlicensed use' of works
Musicians from ABBA, Radiohead and The Cure have joined actors and authors in signing a protest letter against the mining of their artistry to build artificial intelligence tools
23.10 / 02:37
UPS
DOW
2020
reports
How major US stock indexes fared Tuesday, 10/22/2024
U.S. stocks drifted to a mixed close after erasing most of their losses from earlier in the day
23.10 / 02:37
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