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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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22.10 / 17:09
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Business owners in disaster areas should be wary of possible scams
The devastation of Hurricanes Milton and Helene have opened the floodgates for people seeking disaster relief
22.10 / 17:09
22.10 / 17:09
22.10 / 17:09
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Taxpayers will get higher standard deductions in 2025: IRS
U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns
22.10 / 16:51
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So much to learn from India, says UK minister
artificial intelligence (AI) and space science, said a Cabinet minister in Prime Minister Keir Starmer-led government. Addressing a Diwali celebration organised by the Labour Indian diaspora group on Monday evening, UK Secretary of State for Work and Pensions Liz Kendall reiterated the party's manifesto for the July general election committed to pursuing closer ties with India and a free trade agreement (FTA). As a member of Parliament from Leicester West, a constituency closely associated with the British-Indian community, the minister said she remains determined to champion the India-UK relationship in the Labour government and her city. «It was a very clear part of our manifesto that we want to build a new strategic relationship with India because we understand the vital relationship between our two great nations,» said Kendall.
22.10 / 16:51
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Shriram Group endows chair at IISc for computational mechanics
Shriram Group RT Chair in Computational Mechanics’ at the Indian Institute of Science (IISc), Bangalore. This initiative is dedicated to supporting cutting-edge research in computational mechanics, encompassing various fields within mechanical, electrical, electronic, computational sciences and quantum mechanics. The appointed Chair– a distinguished faculty member at the associate or full professor level, will focus on pioneering research that applies computational methods to address real-world challenges. “Areas of research will include the development of novel numerical methods, data-driven modelling of physical phenomena, and the exploration of emerging computing paradigms such as quantum computing,” stated an official release by the company. This partnership aims to benefit the academic community and pave the way for practical applications using computational mechanics. Executive Vice Chairman of Shriram Finance, Umesh Revankar said “It is our honour and privilege to collaborate with IISc, one of India’s foremost institutions for scientific research and education. In establishing the Shriram Group RT Chair in Computational Mechanics, we aim to foster innovation and advance knowledge in fields that are critical to both academia and industry.” He added that the initiative underscores the group's commitment to driving progress through research and contributing to India’s academic landscape.
22.10 / 16:51
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First of two stealth frigates being built in Russia likely to be commissioned in Dec: Sources
INS Tushil, the first of two stealth frigates being built in Russia, is likely to be commissioned in December, sources said on Tuesday. India and Russia signed an agreement in 2016 to build four stealth frigates, two of which were to be constructed at a Russian shipyard, while the remaining two frigates were to be built in India by the Goa Shipyard Limited. 'Tushil' is the first of the two Russian-made ships and this will be followed by 'Tamal', the sources said. The first of the two stealth frigates being built in Russia, 'Tushil', is likely to be commissioned in December this year, a source in the defence establishment said.
22.10 / 16:51
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"No question of apology," says Udhayanidhi in veiled reference to his Sanatana Dharma remark
Tamil Nadu Deputy Chief Minister M K Stalin, in a veiled reference to the Sanatana dharma 'eradication' remark he made last year, has said that he will not apologise for his comment. Addressing an event in Dindigul, Udhayanidhi said that women did not have the right, once upon a time, to even step out of their homes and also to go to schools. Reformist leader 'Periyar' EV Ramasamy raised his voice against all such discriminatory practices. The Deputy CM said he followed Periyar, Dravidian icon CN Annadurai and late DMK patriarch M Karunanidhi and uttered only what such leaders had said in the past. Udhaynidhi presided over the self-respect marriage of Andichami (son of party leader Natham M A Andi Ambalam, a former MLA) with Radha Devi in Dindigul. «Case has been filed against me not only in Tamil Nadu but in several courts in India,» he said without making a direct reference to his Sanatana dharma related comment.
22.10 / 16:51
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Canada raises wage requirements for high-wage stream of Temporary Foreign Worker Program
Temporary Foreign Worker Program (TFWP), including raising the minimum hourly wage requirements for the high-wage stream of the TFWP. Effective November 8, candidates applying through the high-wage stream of the TFWP will need to earn hourly salaries at least 20% higher than the median wage for their position relative to where they work, to be eligible, as per CIC News report. Authorities estimate that this change will impact up to 34,000 workers across Canada, resulting in an hourly wage increase between $5-$8 CAD for those who remain in the high-wage stream (depending on the area of work).
22.10 / 16:51
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Big revelation: These are the three words Diddy would say before he dies, and the answer hasn't aged well
Martha Stewart and Snoop Dogg, Diddy states that his final words before passing away will be, «I did it.» Seven years before the disgraced music mogul was charged with federal crimes, Sean Diddy Combs made public the three words he would say before passing away, as quoted in a report by Fox News. For a special episode of Martha and Snoop's Potluck Dinner Party on VH1 in 2017, Combs, 54, was one of three guests to sit down with the ‘Queen of Cuisine’ Martha Stewart and the ‘King of Kush’ Snoop Dogg.
22.10 / 16:51
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Delhi Police registers eight FIRs over bomb threats to more than 90 flights; probe on
Delhi Police has registered eight separate FIRs in connection with bomb threats to more than 90 domestic and international flights over the past eight days, officials on Tuesday said. The affected flights include services from Akasa, Air India, IndiGo and Vistara, operating from Delhi to various domestic and international destinations, they said, adding the investigation is underway. According to a senior police officer, the threats messages were received through anonymous posts on X which were later suspended by the authorities. The officer said three accounts on social media platform 'X' — @adamlanza111, @psychotichuman and @schizobomer777 have been found involved in posting threat messages to fights.
22.10 / 16:51
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MFI loans decline 2.3 pc in June qtr, NPAs rise: Report
Loan portfolio of microlenders reduced by 2.3 per cent quarter-on-quarter to Rs 4.32 lakh crore in April-June while NPAs surged, a report said. Notably, for the last few months, microfinance institutions, banks and small finance banks which extend MFI loans, have been reporting challenges on this portfolio, and the regulator has also flagged the same. Over-leveraging among the borrowers is being flagged as a key aspect, impacting asset quality. The report by Crif High Mark, a credit information company said, there was 17.2 per cent increase in the borrowers having more than five active loan accounts in June when compared with the year-ago period, with highest growth seen in West Bengal and Karnataka.
22.10 / 16:51
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Will he succeed? Hugh Hefner's son plans to buy Playboy magazine for $100 million
Playboy magazine is one of the biggest brands in terms of the fashion business, and Cooper Hefner, Hugh Hefner's son, is now interested in buying back the Playboy brand and run the intellectual property by themselves. The new entity formed will now get a 10% ownership stake in this new venture of the brand. Meanwhile, Hefner has revealed, according to the NY Post, that he would be assuming the responsibility of the company's CEO from now.
22.10 / 16:13
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Cyclone Dana: 197 trains canceled in Odisha from October 23-25
East Coast Railway (ECoR) has announced the cancellation of 197 trains starting from October 23 due to the anticipated cyclone 'Dana.' The cyclone is expected to impact Odisha by October 25. According to the Indian Meteorological Department (IMD), a low-pressure area over the East-central Bay of Bengal has strengthened and is predicted to turn into a cyclonic storm by October 23, 2024. The storm will likely intensify further into a severe cyclonic storm and is expected to cross the north Odisha and West Bengal coasts between Puri and Sagar Island from late night on October 24 to early morning on October 25.
22.10 / 16:13
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National Jr Athletics C'ships from Oct 25 postponed due to impending cyclone in Odisha
National Junior Athletics Championships scheduled to begin here on October 25 has been postponed due to an impending cyclone in Odisha, the national federation said on Tuesday. The five-day meet was to be held at the Kalinga Stadium here. «The 39th National Junior Athletics Championships postponed due to (impending) cyclone in Odisha. Next date will be published soon,» Athletics Federation of India (AFI) said in a statement. A well-marked low-pressure area over the Bay of Bengal intensified into a depression on Tuesday as it rolled towards the eastern coast with the likelihood of turning into a severe cyclonic storm, the IMD said.
22.10 / 16:13
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Govt advances disinvestment process for IDBI Bank, due diligence to begin in November: Report
disinvestment of IDBI Bank, reported by ET NOW, citing official sources. The due diligence process for prospective bidders is set to commence in November, with financial bids for the bank’s strategic sale likely to be submitted in the fourth quarter of FY25. Interested bidders are expected to gain access to IDBI Bank’s data room within the next 15 days. These bidders have already obtained security clearance from the Home Ministry, and the finalization of the draft Share Purchase Agreement will begin shortly, according to the ET NOW report.
22.10 / 16:13
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Diplomatic recklessness: Did Trump commit a federal crime by calling up Israeli PM Benjamin Netanyahu? Here's all you need to know
Donald Trump has revealed that he had spoken to Israel Prime Minister Benjamin Netanyahu where they had a discussion over call regarding the conflicts in the Middle East, reported Slate. Donald Trump asserted that Benjamin Netanyahu eventually ignored US President Joe Biden’s warnings regarding the troop movements in Rafah of Gaza which led to the death of Yahya Sinwar, infamous Hamas leader, as per a report. Former US President Donald Trump also added that Benjamin Netanyahu asked for his advice that how should Israel respond to missile attacks coming from Iran, following which Donald Trump suggested Benjamin Netanyahu to do whatever is needed to be done, reported Slate. Also Read: Donald Trump edges past Kamala Harris in this poll for the first time since July
22.10 / 16:13
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Adani Energy gets Sebi notice over alleged wrongful categorisation of shareholders
Adani Group's power transmission arm Adani Energy Solutions Ltd (AESL) on Tuesday said it has received a notice from Securities and Exchange Board of India (Sebi) alleging wrongful categorisation of certain investors as public shareholders. The company in its filing to exchanges has said that it will respond to regulatory and statutory authorities by providing relevant information/clarifications. «During the current quarter, an SCN (show-cause notice) has been received alleging wrongful categorization of shareholding of certain entities as public shareholding and consequences therefrom,» AESL said. «The company will respond to the regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as applicable, in the due course of time.»
22.10 / 16:13
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RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil
gold loan disbursements during the transition phase and curb growth in the business," the note by Crisil said. It can be noted that a few weeks ago, RBI had flagged certain irregular practices in loan against gold jewellery and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a time-bound manner. The notification had flagged deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due-diligence in monitoring the end-use of gold loans.
22.10 / 16:13
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Godavari Biorefineries collects Rs 166 crore from anchor investors ahead of IPO
Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors, a day before its initial share-sale opening for public subscription. Marquee investors who participated in the anchor book included HDFC Mutual Fund, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte Ltd, Societe General and SBI General Insurance, according to a circular uploaded on BSE website. As per the circular, Godavari Biorefineries allocated 47.28 lakh equity shares to 19 funds at Rs 352 apiece, which is also the upper price band of the IPO. This translates into a transaction size of Rs 166.42 crore.
22.10 / 16:13
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Govt recommends WFH for companies, under-construction building collapses near KR Puram
work from home on Wednesday, October 23, due to a heavy rain forecast in the Bengaluru Urban district. This would be the second time in two weeks that the government has recommended WFH for private companies. “The India Meteorological Department (IMD)—Met Centre Bengaluru has issued a yellow warning for Bengaluru Urban, effective from 1:30 PM on October 22 to 8:30 AM on October 23. The warning indicates potentially bad weather conditions due to heavy rainfall,” said Champa E, General Manager of KITS, adding that the safety and well-being of the employees should be prioritised in such circumstances. Bengaluru Urban District Commissioner G Jagadeesha also issued a directive declaring a holiday for all schools; however, there is no such order for colleges.
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