Update (May 22 at 7:40 pm UTC): This article has been updated to include statements from Polymarket and Kalshi. The chair of the US House of Representatives’ Oversight and Government Reform Committee sent letters to the CEOs of Kalshi and Polymarket, questioning the companies’ response to incidents of insider trading on the platform. In a…
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Check out the companies making the biggest moves in premarket trading: Oil stocks — Shares of energy companies jumped alongside the move higher in oil prices , which surged more than 7% after President Donald Trump’s speech Wednesday night indicated the war in Iran would continue. APA gained 4.3%, while Diamondback Energy , ConocoPhillips ,…
NEW DELHI: Apple is set to overtake FMCG major Hindustan Unilever in revenue, as affluent Indian consumers spend more on premium smartphones and digital lifestyles while growth in traditional household staples slows.A report by Kotak Mahindra Mutual Fund estimates Apple India’s FY26 revenue at over Rs 1.4 lakh crore, more than twice HUL’s projected Rs…
(Image credits: X @firesideventure) BENGALURU: Consumer focused venture capital firm Fireside Ventures has closed its fourth fund with commitments of Rs 2,265 crore (about $253 million), doubling down on early stage consumer brands as it chases the next wave of health, wellness and lifestyle companies in India. The new vehicle takes the firm’s total assets…
Rupee began Wednesday on a strong note, rising over 30 paise against US dollar, extending its recent recovery as easing crude oil prices and a softer dollar index lifted sentiment. At the interbank foreign exchange, the currency rose 31 paise to touch 94.29 against the greenback. It opened at 94.46 and later climbed to 94.29,…
Union minister Ashwini Vaishnaw on Wednesday clarified that while India remains engaged with major global powers, the World Economic Forum (WEF) at Davos is largely a platform for the exchange of ideas rather than a venue for formal group-to-group trade negotiations.Responding to a query on whether India would hold meetings with the US delegation at…
Panacea on the Pitch? Cricket has the potential to tackle the sense of alienation that Kashmiris feel and bind them and other Indians closer together Jammu and Kashmir have become India’s cricketing champs by thrashing favourites Karnataka in the Ranji Trophy finals. This is a fantastic, heart-warming Cinderella tale in a small state long viewed…
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