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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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28.03 / 20:17
UPS
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International
DP World plans unit in GIFT City for ship-leasing
DP World is preparing to start ship-leasing operations in India by setting up a subsidiary in the International Financial Services Centre (IFSC) at Gujarat's GIFT City, people familiar with the matter said. The port and logistics giant may commence operations with four ships, the people said, adding that the company has secured approval from Indian authorities. «The ships could be Indian flag ships or international ships. They may buy vessels and then lease them further or rent an Indian flag ship and then sub-lease it,» one of the persons said. DP World follows others such as Japan's Mitsui OSK Lines and UAE-based Transworld Group who have started operations in IFSC. DP World's new venture in India will encompass vessel ownership, operation, chartering, and other permitted activities, the people said. To be sure, the company offers feeder services globally but does not offer a ship leasing service in India currently.
28.03 / 20:17
UPS
Provident
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country
reports
ArcelorMittal Nippon Steel starts buying land to build plant in Andhra
ArcelorMittal Nippon Steel India (AM/NS India) has begun the land acquisition process at Rajayapeta in Andhra Pradesh, where it plans to set up an integrated steel plant, the company said on Friday. This is the first large greenfield plant to be set up in the country in nearly a decade, after the first phase of Tata Steel's Kalinganagar project was commissioned in 2016 with an initial capacity of 3 million tonne. ET reported on November 3, 2024, that the steelmaker will be investing ₹1.40 lakh crore in setting up an integrated steel plant in the Anakapalli district in the state, which will have an annual production capacity of 17.8 million tonne. AM/NS India has made the initial payment for acquiring the land in Andhra Pradesh, and possession is expected soon, after which the company will start work on the greenfield project. The plant will have an initial capacity of 7.3 million tonne.
28.03 / 20:17
28.03 / 20:17
markets
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Target
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Cardiovascular
Eli Lilly working on a heart drug that may benefit Indians: CEO David Ricks
Eli Lilly, the world's most-valued drugmaker that seeks to shake up India's lifestyle disease management through its recent introduction of weight-loss injectable Mounjaro, is working on a potential breakthrough that offers hope to millions battling chronic heart ailments in South Asia. The US drug major's CEO, David Ricks, told ET the drug in research can potentially cut a specific type of cholesterol that is highly prevalent in Indians and South Asians by as much as 85% to 90%. Eli Lilly, with a market cap of roughly $750 billion, is working on a multitude of treatment modalities with an annual R&D budget that has swelled to $14 billion.
28.03 / 20:17
28.03 / 20:17
UPS
Aware
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Vodafone Idea’s relief hopes fade as DoT puts spectrum surrender on hold
Vodafone Idea after the recent government decision not to waive interest and penalties related to adjusted gross revenue dues. The development came amid demands by Bharti Airtel and Reliance Jio that the government have a clause for refund of the money that they have fully paid up for the spectrum bought before 2022 but could have now surrendered, said officials aware of the matter. Vodafone Idea was hoping to immediately surrender some spectrum bought before 2022 and use it partly to pay for bank guarantees in the near future. Surrender of excess airwaves could have reduced the telco's government obligations by ₹30,000-₹40,000 crore, depending on the quantum of spectrum returned. Officials said the move to allow surrender of spectrum would have involved a complicated process to change the rules of auctions conducted before 2022, which was also a deterrent.
28.03 / 20:17
Provident
Align
Discover
Deloitte
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Relationships
International
Inspection reveals shortcomings of auditor affiliates
SRBC (SR Batliboi), Walker Chandiok (WCCL) and Deloitte Haskins & Sells (Deloitte) have once again brought to light critical issues such as auditor independence, the provision of non-audit services to audit clients, deficiencies in quality control frameworks, and conflicts of interest, raising concerns about whether top audit firms are responding quickly enough to meet regulatory requirements. A key concern for the regulator, the National Financial Reporting Authority (NFRA), has been that despite affiliations with global networks, each firm operating locally has not aligned its internal audit policies and procedures with Indian regulatory norms, particularly Sections 141 and 144 of the Companies Act and the ICAI Code of Ethics. Section 141 addresses the eligibility, qualifications, and disqualifications of auditors, whereas Section 144 prohibits auditors from providing certain services to the company or its subsidiaries. They reviewed SRBC in 2024 for compliance with previous findings and evaluated three FY23 audits, focusing on revenue-related internal controls, related-party transactions, and non-financial asset impairment. The regulator found that despite being a member of Ernst & Young Global since 2013, SRBC's policies fail to consider their relationships with network firms.
28.03 / 20:17
Metro
Football
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Euromillions jackpot at £202 million: Here's how Brits would like to spend the amount
EuroMillions draw on Friday, with the jackpot ticket-holder expected to rake in £202 million (roughly $261 million). This will probably become the biggest ever jackpot prize, going well above the £195 million (or nearly $252 million) bagged by an anonymous UK player in July 2022, Metro reported. Interestingly, £195 million jackpot win came only two months after Joe and Jess Thwaite from Gloucester had on May 10, 2022 managed to win £184,262,899 ($23,84,00,260) with a Lucky Dip ticket from the draw. It was the record-breaking number back then. The UK saw its third biggest lottery win in November last year, when an anonymous ticket-holder managed to scoop a £177 million ($229 million) jackpot in the lucky draw. The top prize at EuroMillions draw got rolled over into Friday's draw after no person was able to get the £182 million (over $235 million) jackpot on Tuesday.
28.03 / 19:59
28.03 / 19:39
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Evaluating US additional steel, aluminium duties: Minister of state for Commerce and Industry Jitin Prasada
trade agreement (BTA) Friday. As of date, there has been no imposition of country-specific reciprocal tariffs by the US on India, he added. On March 12, US President Donald Trump imposed 25% tariffs on imports of all steel and aluminium to limit imports and boost production domestically. These duties threaten an estimated $5 billion worth of engineering goods and almost $1 billion worth of aluminium exports to the US from India. The minister informed that India continues to engage with the US to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner. The two countries aim to more than double trade to $500 billion by 2030 to be achieved by deepening the trade. «Both countries have committed to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement under which the countries would focus on increasing market access, reducing tariff and non-tariff barriers, enhancing supply chain integration and resolving key trade issues bilaterally,» Prasada said. India and the US aim to negotiate the first tranche of the BTA by fall this year.
28.03 / 19:39
Dreams
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Bill
Sporting
All must work to make Bharat Viksit by 2047: Amit Shah
Shah was speaking at the Times Now Summit as the chief guest. The summit is co-presented by Dream Sports and powered by Pernod Ricard India.
28.03 / 19:39
Fighting
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wellness
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squash
Anahat Singh clinches JSW Indian Open squash women's title
Anahat Singh brushed aside Helen Tang of Hong Kong in the final to clinch the JSW Indian Open title here on Friday. This is the 17-year-old Anahat's sixth title on the bounce, and 11th in total, and she won it quite easily 3-0 (11-9, 11-5, 11-8). The win gave Anahat 300 ranking points. Anahat had Helen fighting hard in the other corner during the first set, but the Indian did enough to take a 1-0 lead. After that, the third seed Anahat began to dominate the Hong Kong woman, and rattled off the next couple of sets in 13 minutes. Anahat, who did not let her opponent settle down during the course of the summit clash, eventually won the final in 24 minutes. In the men's singles final, India's Abhay Singh fought well against Egyptian Kareem El Torkey but went down 1-3 (10-12, 4-11, 11-7, 10-12).
28.03 / 19:39
UPS
FIVE
track
cover
reports
Women's workforce participation rose to 25% in 2024, says report
The male participation rate, for those aged 15-59, also rose to 75% from 70.9% in the same period. Overall, 49.9% people were engaged in employment-related activities in 2024, up from 46.4% five years ago, as per the 'Time Use in India 2024' report by the ministry of statistics and programme implementation (MoSPI).
28.03 / 19:39
security
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President
Justice
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rights
Trump administration sues to void union pacts across govt
Trump administration moved to invalidate contracts between a swath of US government agencies and the largest federal union representing their employees, in a sweeping attack on collective bargaining rights as the president aims to lay off government workers. In a lawsuit by the justice department, the defense department and other US agencies, the administration said collective bargaining agreements reached with local chapters of the American Federation of Government Employees (AFGE) before Donald Trump took office are impeding his efforts to reform the government and pose a threat to national security. The legal move late Thursday came shortly after the US President signed an executive order directing agencies across the executive branch to cease collective bargaining with federal unions. According to AFGE's website, the union represents represents over 820,000 workers in nearly every agency of the federal and DC governments, spread across over 900 local unions.
28.03 / 19:39
WhatsApp
Research
show
country
60% wheat area sown under climate-resilient varieties: Govt in Rajya Sabha
Rajya Sabha, Union Minister of State for Agriculture Ramnath Thakur said, «The Indian Council of Agricultural Research (ICAR) through its All India Coordinated Research Project (AICRP) on wheat has developed 114 varieties during the last 15 years which are suited to varying weather conditions. »...Out of total wheat area planted in the country during 2024-25, more than 60 per cent of wheat area is under climate resilient varieties. These climate-resilient varieties show less reduction in yield under stress environments," he added. The minister was replying to a question regarding the measures being taken to ensure that the wheat crop is not affected by rising temperatures in March. «The wheat varieties such as DBW187, DBW303, DBW327, WH1270, PBW872 have been developed and notified for the October planting and modifying planting schedules has allowed the grain filling to occur at comparatively lower temperatures and reduces the wheat exposure to heat stress, thereby resulting in higher yield,» Thakur said. In addition, ICAR- Indian Institute of Wheat and Barley Research (IIWBR) Karnal is monitoring the weather situation and issuing advisories to farmers, allowing them to implement protective measures in case of rising temperature.
28.03 / 19:39
UPS
Racing
Nielsen
wellness
country
Sporting
Formula One seeks to drive engagement through betting
Formula One is looking to drive fan engagement by using its vast array of data to create more betting opportunities, the sport's director of commercial partnerships Jonny Haworth said on Thursday. Recent figures from Nielsen Sports put Formula One's global fandom at 826.5 million, 12% more than in 2023, with a 39% increase in fans following in China over the last 12 months due to the post-COVID return of the country's race in Shanghai. «We're sort of on a journey in the betting space at the moment,» Haworth told the BlackBook Motorsport Forum in London on Thursday. «I think we make up 0.4% of the overall global betting handle, which is pretty crazy for a sport of the size of Formula One and with a sport that has low latency data at a high volume which is what drives betting.» Formula One, whose cars have an array of sensors on them delivering billions of data points, last month announced San Diego-based ALT Sports Data as its official betting data supplier.
28.03 / 19:39
UPS
FIVE
Digital
Research
Experts
performer
Core sector growth slows to 5-month low in Feb; crude, natural gas output slips
India's core sector output slowed to a five-month low of 2.9% in February from 5.1% in January, as growth across most infrastructure sectors moderated, according to official data released Friday. The growth was 7.1% a year earlier and experts cited base effect for the slowdown last month. «The infrastructure output growth was the lowest in five months, hit by an unfavourable base effect,» said Paras Jasrai, associate director at India Ratings and Research (Ind-Ra). The core sector comprises eight industries: coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity. Madan Sabnavis, chief economist at Bank of Baroda, noted that February's growth was primarily driven by strong performances in the steel and cement sectors. Six of these industries grew in February, with fertiliser output surging to a nearly two-year high of 10.2%.
28.03 / 19:39
FIVE
Food
classical
reports
shock
Features
Videos
Costco’s brand-new carrot cake bar divides the internet over 1 ingredient
Costco has brought back its beloved carrot cake in a new bar-shaped form this time. The three-layer dessert features a moist spiced carrot cake, cream cheese frosting, and chopped walnuts. The dessert is priced at $18.99 (£15). But the look is not the only thing that has changed about the dessert. The retailer has added one ingredient to its cake which has resulted in an uproar among the customers. The addition of raisins in their carrot cake has driven a wedge amongst those who enjoy the cake. According to reports, carrot cake enthusiasts are split on whether raisins belong in the classic recipe. Some have argued that it adds texture and sweetness, while others have insisted that it ruins the cake’s flavour.
28.03 / 19:13
Digital
Waters
security
Mobile
Interface
inclusion
politician
Mind that fat-finger syndrome: When digital mishaps have global stakes
Reason: the seasoned civil servant apparently had no idea that there was such a facility as a 'reply' button which would result in paperless interlocution. Much water has flowed down the sluggish Yamuna since then, but many of those in government, both politicians and bureaucrats, remain unfamiliar with technology.
28.03 / 19:13
Remark
Netflix
show
social
consequences
stars
reports
Adolescence Season 2: Did Stephen Graham confirm a second chapter?
The show, which explores the tragic consequences of a 13-year-old boy being accused of murdering a classmate, has garnered significant viewership and critical acclaim.
28.03 / 19:13
Waters
wellness
DISH
Celebrity
country
eid sevai recipe how to make sheer khurma traditional eid dessert vermicelli kheer easy sevai recipe eid-ul-fitr special sweet dish
This creamy and rich dessert, called Sevai in most parts of the country, is a tradition on Eid and is made from vermicelli, milk, dates, sugar, and dry fruits. Cardamom and saffron add to its flavor, and it becomes a treat that family and guests cannot resist.
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