The surge in speculation driving prediction markets and leveraged bets on various sectors isn’t reckless, it’s rational, according to CoinFund managing partner David Pakman. In a presentation during Consensus Hong Kong, Pakman reframed the behavior as “economic nihilism,” a calculated response by Gen Z to structural barriers in wealth building. His case started with housing….
BENGALURU: Mphasis CEO Nitin Rakesh said Blackstone’s stake sale reflects a natural phase in the private equity firm’s investment lifecycle and does not indicate any loss of confidence in the company’s performance. Blackstone acquired a 60.5% stake in Mphasis for $1.1 billion in 2016 and has been invested in the company for over nine years….
Representative image (AI-generated) NEW DELHI: Investor sentiment in the unlisted market appears optimistic as three mainboard IPOs – Meesho, Aequs Limited and Vidya Wires prepare to open for subscription between December 3 and December 5.All three issues are currently trading at notable premiums in the grey market, indicating expectations of healthy listing-day activity, according to…
The prediction market platform Kalshi will be preliminarily ordered by a superior court justice in Massachusetts to halt its online sports business there. Source link
The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates to their highest level in roughly 30 years. The broader…
NEW DELHI: Nearly three decades after Supreme Court’s Vishaka judgment mandating a mechanism against the sexual harassment of women at workplaces, it remains unimplemented by many high courts, including Calcutta, Patna, Orissa, Kerala, Chhattisgarh, Allahabad and Uttarakhand.Appearing for PIL petitioner Geeta Rani, senior advocate Sonia Mathur told SC that, significantly, district courts in Delhi, Punjab…
EAM Jaishankar meets BNP’s Tarique Rahman in Dhaka; hands PM Modi’s condolence letter (Picture credit: X/@DrSJaishankar) NEW DELHI: External affairs minister S Jaishankar on Wednesday handed over a personal letter from Prime Minister Narendra Modi to Bangladesh Nationalist Party (BNP) acting chairman Tarique Rahman during a meeting in Dhaka, as he conveyed India’s deepest condolences…
A seat at Donald Trump’s upcoming crypto luncheon could cost as little as $70,000. It could also cost more than $6 million, depending on how participants choose to climb the leaderboard that determines entry, even as the token trades nearly 96% below its peak. The event, announced last week, is set for April 25 at…
New Delhi: In a direct fallout of the June 12 AI 171 crash, IndiGo has for the first time flown more international passengers than Air India group (AI plus AI Express).DGCA data for July-Sept 2025 shows the two Tata Group airlines flew 41 lakh international passengers, while IndiGo was at 41.36 lakh. This was because…
Tax experts have cautioned the government against raising the income tax surcharge on high-income individuals or reintroducing a wealth tax in the Union Budget 2026-27, warning that such moves could push wealthy taxpayers to relocate to low-tax jurisdictions and hurt investment and job creation.At present, individuals earning over Rs 50 lakh are subject to a…
