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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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12.03 / 16:03
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Indian space economy to reach $44 bn by 2033: FICCI-EY report
Indian space economy is aiming to reach USD 44 billion by 2033 from USD 8.4 billion in 2022, said a FICCI-EY report on 'Unlocking India's Space Economy — Pathways to Growth, Innovation and Global Leadership', released today at Bharat Space Conclave 2025', organized by FICCI. According to the report, the global space economy is projected to exceed USD 1.8 trillion by 2035, with commercial satellite services, deep-space exploration, and space-based infrastructure driving expansion. The report further states that India has set an ambitious target to grow its space economy from USD 8.4 billion in 2022 to USD 44 billion by 2033, aiming to capture 8 per cent of the global market. This growth is being fuelled by policy reforms, private sector participation, and increased international collaboration, supported by the Indian Space Policy 2023 and institutions such as IN-SPACe and NSIL. FICCI-EY report notes that a significant shift is underway, with India's space sector evolving from a government-led model to a commercially driven, innovation-led ecosystem. Satellite communication (SATCOM), projected to reach USD 14.8 billion by 2033, will play a critical role in expanding digital connectivity, particularly in rural and underserved regions.
12.03 / 15:57
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Riyadh Air eyes opportunities in India
Subscribe to enjoy similar stories. Saudi Arabia's upcoming second national airline, Riyadh Air, is expected to start operations in India in 2026. According to Tony Douglas, chief executive officer (CEO) of Riyadh Air, the airline is open to partnering with Indian airlines like Air India and IndiGo and Indian information technology (IT) companies for its digital infrastructure.
12.03 / 15:57
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IT stocks plunge as analysts have doubts about a growth rebound
Subscribe to enjoy similar stories. Shares of India’s largest information technology (IT) service providers tanked Wednesday after at least three brokerages raised concerns about the industry’s growth recovery in FY26.
12.03 / 15:51
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US arms flow to Ukraine again as Kremlin mulls ceasefire proposal
US arms deliveries to Ukraine resumed Wednesday, officials said, a day after the Trump administration lifted its suspension of military aid for Kyiv in its fight against Russia's invasion, and Ukrainian officials signalled that they were open to a 30-day ceasefire backed by Washington. Kremlin spokesperson Dmitry Peskov said Wednesday that it's important not to «get ahead» of the question of responding to the ceasefire proposal. He told reporters that Moscow is awaiting «detailed information» about it from the US and suggested that Russia must get that first before it can take a position. Arms deliveries to Ukraine have already resumed through a Polish logistics centre, the foreign ministers of Ukraine and Poland announced Wednesday. The deliveries go through a NATO and US hub in the eastern Polish city of Rzeszow that's has been used to ferry Western weapons into neighboring Ukraine about 70 km away. The American military help is vital for Ukraine's shorthanded and weary army, which is having a tough time keeping Russia's bigger military force at bay. But for Moscow, more American aid spells potentially more difficulty in achieving its war aims and likely will be a tough sell in Moscow for Washington's peace efforts. US Secretary of State Marco Rubio said Wednesday that Washington will pursue «multiple points of contacts» with Russia to see if President Vladimir Putin is ready to negotiate an end to the war. He declined to give details. «The ball is truly in their court,» Rubio said at a refueling stopover in Shannon, Ireland on his way to talks in Canada with other Group of Seven leading industrialised nations.
12.03 / 15:51
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With Greenland elections resulting in win for pro-independence party, here’s all that happened since Donald Trump’s proposal
Denmark. According to the poll results of the Greenland elections, released on Wednesday, the Demokraatit Party emerged victorious on 10 out of the 31 seats in the Inatsisartut parliament, gaining more than a three-fold increase in its legislative strength.
12.03 / 15:51
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US Rep Sarah McBride misgendered during House hearing; here’s what happened next
Sarah McBride, D-Del, the first openly transgender person elected to Congress was misgendered by Republican colleagues during a House Foreign Affairs Subcommittee hearing on Tuesday. The incident later escalated into a heated exchange and drew further attention to the challenges McBride faces in Congress.
12.03 / 15:51
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Ananta Capital Significant strategic investment in D2C sneaker brand, Bacca Bucci
“Bacca Bucci has carved a strong position in the sneakers market, demonstrating impressive growth and brand recognition,” said Ashutosh Taparia and Sanjeev Taparia, Board Members at Ananta Capital. “We see tremendous untapped potential in this segment, and we are excited to collaborate with Anuj and Natwar to help Bacca Bucci scale to new heights.” The company is poised to sustain its robust growth trajectory in the current financial year.
12.03 / 15:51
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Parliamentary panel presses MIB to expedite Broadcast Bill rollout
Ministry of Information and Broadcasting (MIB) to set a deadline for completing the process and introducing the Broadcasting Services Regulation Bill in Parliament at the earliest opportunity. The committee made this recommendation in a draft action-taken report on its observations and recommendations from the 56th report on the regulation of cable television in India, which was tabled in Parliament on Tuesday. The second draft of the Broadcast Bill, introduced in July, was withdrawn in August last year following backlash from media industry stakeholders over the lack of transparency in consultations, which were held with only a select group. Another major concern of the industry was that the Bill contained vague terms that could potentially grant arbitrary powers to government officials. In its response to the committee on 17 January, the MIB stated that a fresh draft of the Bill would be published after detailed consultations.
12.03 / 15:51
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Amtrak has the perfect comment on free baggage rules after Southwest Airlines' policy change
Southwest Airlines recently announced that it will start charging customers a fee for checked bags and has ended its decades-old free policy, which its executive earlier described as a major differentiator from the budget carrier's rivals. According to Reuters, Tuesday's decision by the airline comes as its lackluster earnings fueled pressure to revamp the business model. Marking a departure from his passenger-friendly policies, this comes after it announced plans to end open seating last year.
12.03 / 15:51
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5,400 teaching posts vacant in varsities across country; half of them reserved: Centre
central universities, with over half of them reserved for OBC, ST, and SC categories, the Rajya Sabha was informed on Wednesday. Union Minister of State for Education Sukanta Majumdar said that more than 7,825 teaching positions have been filled in these varsities through special recruitment drives.
12.03 / 15:51
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Housing loans outstanding stood at Rs 33.53 lakh crore at Q2FY24: NHB
housing loans outstanding stood at Rs 33.53 lakh crore at the end of September, a growth of 14 per cent year-on-year, with the MIG segment accounting for the maximum credit, according to National Housing Bank (NHB). NHB, a statutory body under the Government of India, has released the Report on Trends and Progress of Housing in India. «As on September 30, 2024, EWS and LIG accounted for 39 per cent, MIG accounted for 44 per cent and HIG accounted for 17 per cent of outstanding individual housing loans,» the report said. It further said individual housing loan disbursements during the half year ended September 2024 were Rs 4.10 lakh crore while disbursements during the year ended March 2024 were Rs 9.07 lakh crore. The report broadly covers the housing scenario and house price movements, flagship programmes of GoI in the housing sector, role of Primary Lending Institutions (PLIs) in providing housing credit, performance of Housing Finance Companies (HFCs) and outlook for the sector. «Major initiatives of GoI, such as PMAY-G, PMAY-U, impact assessment of PMAY-U, Urban Infrastructure Development Fund (UIDF), Affordable Rental Housing Complexes (ARHC) scheme, etc. have been covered in the report,» it said.
12.03 / 15:51
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Chelsea Handler’s no-holds-barred response to whether she’d date Elon Musk to ‘Save America’ goes viral; here's what she said
Chelsea Handler doesn't hold back, especially when it comes to Elon Musk. In a lively SXSW interview, the comedian was asked if she would date the tech billionaire, Elon Musk to "save America." Handler was interviewed at South by Southwest (SXSW) over the weekend by Kara Swisher, contributing editor for New York magazine, for her podcast, «On With Kara Swisher.» Her frank response went viral right away, igniting debate and laughter about Elon Musk's increasing political power.
12.03 / 15:51
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Bharti Airtel transfers 69.94% stake in Airtel Payments bank to Airtel Ltd
Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday. «The shareholding of 69.94 per cent, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the Company's wholly-owned subsidiary (i.e. Airtel Limited), post receiving requisite regulatory and corporate approvals. The above is an internal reorganisation of shareholding in the Bank and has no impact on the ownership of the Bank,» Bharti Airtel said in the filing. According to the filing, the requisite regulatory and corporate approvals with regard to the transaction have been received by the company.
12.03 / 15:31
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Trump tariffs: World including India watches Canada test ways of fighting back
Donald Trump’s administration are watching Canada to get a preview of what happens when you hit back. Canadian officials have gone hostile in their responses to Trump’s trade war. Ontario Premier Doug Ford slapped a 25% charge on electricity exports to make power more expensive for people in New York and two other states — earning the president’s ire. Mark Carney, the incoming prime minister, called the US “a country we can no longer trust,” and said his new government will keep its retaliatory tariffs in place “until the Americans show us respect.” On Tuesday, the brinkmanship seemed to pay off: Trump started the day threatening to double tariffs on Canadian steel and aluminum to 50%, but by day’s end both sides had pulled back. Ford suspended the electricity tax, prompting Trump to say “I respect that” and drop the metals levy back to 25%. Trump’s tariffs on steel and aluminum — which came into force on US imports on Wednesday — drew a swift response from Canada and the European Union. The government in Ottawa announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of US-made items, while Brussels laid out countermeasures against US goods worth as much as €26 billion ($28.3 billion). But other metals-exporting countries including Japan and South Korea held off on any immediate retaliation. Even before that widening of the trade war, Mélanie Joly, Canada’s foreign minister, had issued a warning to other nations. Watch what Trump is doing to Canada, she said. “You’re next.”
12.03 / 15:31
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DOGE Stimulus Checks: Has the proposal been dismissed or will Americans receive $5,000 payouts?
Introduced as part of broader government cost-cutting efforts, the idea has yet to gain firm ground in Congress, despite initial enthusiasm from some political quarters and the public.
12.03 / 15:31
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NASA's SpaceX Crew-10 mission: Meet the four astronauts launching to the ISS to bring back Sunita Williams
critical mission to the ISS. Elon Musk's SpaceX will launch Crew-10 today from Kennedy Space Center in Florida to bring back stranded astronauts Sunita Williams and Butch Wilmore back on Earth. Four crew members are preparing to launch to the International Space Station (ISS) as part of NASA’s SpaceX Crew-10 mission to perform research, technology demonstrations, and maintenance activities aboard the microgravity laboratory. ALSO READ: Sunita Williams' return to Earth: Elon Musk's SpaceX Crew-10 mission to head to ISS today. Check time, launch details
12.03 / 15:31
UPS
Sustainability
Golf
social
hospital
Sporting
Tiger Woods undergoes surgery for ruptured Achilles tendon; likely to miss major tournaments
Tiger Woods underwent surgery on Tuesday to repair a ruptured left Achilles tendon. He sustained the injury while training at home. Post surgery, Woods is almost certain to miss the Masters Tournament for only the fifth time since he began competing in 1995. The injury has cast doubts on whether Woods will be able to appear for any major golf tournaments this year.
12.03 / 15:31
CEO
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Tesla’s biggest cheerleader sounds the alarm: Dan Ives warns Elon Musk as investor patience starts running out
Dan Ives has been Tesla's biggest cheerleader for years, but surprisingly even Ives has sounded the alarm over CEO Elon Musk's increasing forays into politics and other business interests appear to be hurting the company, according to a report.
12.03 / 15:31
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Risk losing inheritance if parents, seniors not cared for, says Karnataka Revenue Minister Krishna Byre Gowda
Krishna Byre Gowda on Wednesday. Under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, by the central government, any will or gift deed made in favor of neglectful children can be legally revoked, he said while speaking in the Legislative Council. «In recent times, we have seen a growing number of cases where elderly parents are left without care,» Gowda said while responding to a question from Balkees Banu, a member of the council. " If children or relatives neglect their elderly parents, the seniors have the legal right to revoke any will or gift deed made in their name,” he added. The Central Government enacted the law in 2007, but awareness remains low, the minister noted. The legislation mandates that children or relatives must provide financial and medical support to senior citizens. If they fail to do so, elderly parents can file a complaint under Section 9, after which authorities can take action. “If a complaint is proven, and children or relatives who have inherited property fail to take care of their parents, Section 23 allows for the cancellation of any will or gift deed made in their favor, restoring ownership to the parents,’ Gowda informed. The responsibility for handling these cases lies with the sub-divisional officers. The revenue minister stressed that thousands of such cases are already being heard by the officers
12.03 / 15:31
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Ahead of Market: 10 things that will decide stock market action on Thursday
U.S. tariffs and their potential impact on the global economy continued to dampen sentiment. The benchmark BSE Sensex lost 72.56 points or 0.10% to close at 74,029.76, while the broader Nifty 50 index closed at 22,470.50, lower by 27.40 points or 0.12%.
12.03 / 15:31
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