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Business News
HinduBusinessLine
23h
295
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Adani Ports surges 5% as markets end flat amid low holiday volumes
- Adani Ports surges 5.22% as the top gainer among Nifty stocks.
- Market breadth remains negative with more stocks declining than advancing.
- Sectoral performance is mixed, with gains in auto and pharma sectors and losses in FMCG and IT sectors.
- Market volatility increases as investors await fresh triggers for market direction.
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Tech Story
23h
246
Elon Musk Labels Wikipedia as ‘Wokepedia,’ Urges Followers to Halt Donations Over $50M DEI Spending
- Elon Musk criticizes Wikipedia for spending $50 million on DEI initiatives and sarcastically dubs it 'Wokepedia'.
- Musk questions the necessity of allocating such a large sum to DEI programs instead of improving content quality or technological infrastructure.
- Wikipedia defends its DEI spending, stating it aims to foster inclusivity and address systemic biases in content and contributor demographics.
- Musk's comments spark a debate about the role of social initiatives and the balance between inclusivity and neutrality.
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Medium
23h
164
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Imagine the whole world connected with a network of pipes, pods that blast through the pipes at…
- The proposed system involves a network of pipes and pods.
- Pods are propelled through the pipes using magnetic technology.
- The system promises fast and safe transportation worldwide.
- However, there are challenges including cost and energy requirements.
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Bloomberg Quint
23h
288
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Putin Rejects Trump's Call For Ukraine Truce, But Ready For Talks
- Russia rejects Trump's call for an immediate ceasefire in Ukraine but is ready for talks on a long-lasting peace agreement.
- Russian Foreign Minister Sergei Lavrov dismisses a ceasefire as a road to nowhere and emphasizes the need for conclusive, legally-binding agreements.
- Trump and his advisers hint at allowing President Vladimir Putin to maintain de facto control over the 20% of Ukrainian territory occupied by Russian forces.
- Ukrainian President Zelenskiy suggests diplomatic means to recover territory, while Russia demands Ukraine to abandon NATO aspirations and reduce military size.
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TechBullion
23h
172
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This Altcoin’s Presale Is Turning Heads Among Solana and SHIB Investors
- Lightchain AI's presale is gaining traction among Solana and Shiba Inu (SHIB) investors.
- The project emphasizes real-world applications, sustainability, and decentralized governance.
- Investing in Lightchain AI offers benefits like deflationary tokenomics and adaptive pricing mechanisms.
- The platform targets finance, healthcare, and supply chain industries for blockchain integration.
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HinduBusinessLine
23h
336
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Rebounding prices offer growers hope as inclement climate wreaks havoc on cardamom
- Abundant rains at the beginning of the year gave way to prolonged drought, leading to dwindling productivity across cardamom growing tracts.
- Small and marginal farmers without irrigation suffered the most, affecting the overall production and supply of good quality cardamom.
- Drought and fungal disease outbreak resulted in a 30-40% productivity loss, with total cardamom volumes expected to be 15,000 to 18,000 tonnes in 2024 compared to 25,000 tonnes in 2023.
- Prices of cardamom have risen significantly from ₹1,650 in January to ₹2,950 per kg in December due to the slump in output, and are expected to reach ₹3,500-3,800 by April 2025.
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HinduBusinessLine
23h
172
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Rupee tumbles 12 paise to close at new record low of 85.27 against US dollar
- The Indian rupee tumbled 12 paise to close at a new record low of 85.27 against the US dollar.
- Increased month-end and year-end dollar demand, along with fears of aggressive import tariffs by the Trump administration, lifted the American currency.
- The rupee opened weak at 85.23 and touched its lowest-ever level of 85.28 during intraday trade before closing at 85.27.
- Factors such as strong dollar, rising US treasury yields, surge in crude oil prices, and FII outflows are expected to weigh on the rupee.
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Tech Story
23h
131
The Richest Family in the World Has More Cash Than Elon Musk and Bill Gates Combined
- The Walton family, heirs to the Walmart empire, is the richest family in the world with a net worth of over $250 billion.
- They have built their wealth through the success of Walmart, which generated $611 billion in revenue in 2023.
- The Waltons strategically manage their wealth through diversified investments and maintain ownership stakes in Walmart.
- Their fortune surpasses the combined net worth of billionaires Elon Musk and Bill Gates.
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Bloomberg Quint
23h
235
Image Credit: Bloomberg Quint
Nifty Top Gainers And Losers On Dec 26: From Adani Ports, Maruti Suzuki To Mahindra
- Adani Ports, Maruti Suzuki, and Mahindra were the top gainers in the Nifty 50 index.
- Titan, Asian Paints, JSW Steel, and Grasim Industries were among the major drags of the day.
- Adani Ports rose 5.22% after welcoming the 100th vessel at Vizhinjam International Seaport.
- Mahindra partnered with Punjab National Bank for channel finance solutions, while Maruti Suzuki's stock rallied.
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Bloomberg Quint
23h
153
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KPI Green Energy To Ramp Up IPP Revenue Contribution To 25%, Says Group CMD
- KPI Green Energy aims to increase the revenue contribution from its IPP projects from 17% to 25%
- The rest of the revenue comes from captive power plant (CPP) projects
- The company expects to achieve this ratio by 2028
- KPI Green Energy has guided to grow at 60-70% until FY30
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Bworldonline
23h
265
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RJ Abarrientos cherishes the experience of Christmas Clasico
- Barangay Ginebra's RJ Abarrientos had a memorable Christmas Clasico experience.
- Abarrientos scored 17 of his 20 points in the second half, including four three-pointers.
- His performance helped Ginebra overcome a 22-point deficit and secure a thrilling 95-92 victory.
- Abarrientos expressed gratitude for his uncle, Magnolia assistant coach Johnny Abarrientos, who has been a major influence on his basketball career.
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TechBullion
23h
183
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Why a White Label Trading Platform is the Best Choice for Aspiring Brokers
- Using a white label trading platform is the simplest way to start a brokerage business without the costs and complications involved in developing a trading platform from scratch.
- White label trading platforms are an affordable option as the infrastructure is already developed, and new brokers can focus their budget on client acquisition.
- White label solutions help brokers launch their business within weeks since the platform is already built and tested, providing a competitive edge in a crowded market.
- Furthermore, new brokers can access advanced platform features such as real-time trading data and mobile and desktop compatibility through experienced technology providers who invest a lot in research and development.
- Brokers using a white label platform can focus on core activities ranging from regulatory compliance, client onboarding, and marketing, while the platform lifts the technical burden.
- White label platforms are compliant with major regulatory frameworks, enabling brokers to meet the minimum legal standards without the need for extensive legal knowledge.
- Brokers can customize the white label platform easily, including design, logos, and user interface, resulting in a more unique value proposition from a branding perspective.
- White label solutions are scalable, allowing brokers to grow without the constraints of their existing infrastructure.
- White label providers offer extensive support services, including technical support, ongoing maintenance, and assistance in navigating the complexities of the industry.
- White label platforms support multi-language interfaces, diverse payment gateways and multiple asset classes, which enables brokers to target a global audience.
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HinduBusinessLine
23h
232
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Analysis: Hidden risks of private settlements weakening market correction in competition cases
- The recent JCB ruling highlights the potential risks associated with private settlements in competition cases.
- The ruling allows parties to privately resolve disputes, bypassing regulatory oversight.
- This undermines the ability to address systemic issues and correct market distortions.
- A more balanced approach is needed to ensure private settlements do not undermine the regulator's role.
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Bworldonline
23h
7
Image Credit: Bworldonline
World No. 4 Obiena eyes return to competition as indoor season begins
- Filipino pole-vaulter EJ Obiena is set to make a comeback after a period of rest following his fourth-place finish at the Paris Olympics.
- Due to his absence, Obiena dropped from No. 2 to No. 4 in the world men's rankings.
- The top three rankings are held by Armand Duplantis, Sam Kendricks, and Emmanouil Karalis.
- Obiena has fully recovered from a spinal issue and has been cleared by his doctors to compete in the upcoming indoor season.
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Bworldonline
23h
157
Image Credit: Bworldonline
Title-chasing Philippines battles Thais in Mitsubishi Cup semifinals
- The Philippine men’s football team will face Thailand in the semifinals of the Asean Championship-Mitsubishi Electric Cup.
- Thailand is the tournament's most successful team with seven championships and the Philippines haven't beaten them since 1972.
- The first leg of the semifinals will take place at Rizal Memorial Stadium in Manila.
- The Philippine team is aiming for a victory at home to gain an advantage in the second leg in Bangkok.
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