Betting on Truth Social! Donald Trump’s social media app to enter ‘prediction market’; is it a gamble?

Truth Social users will soon be able to explore beyond posts and political commentary, by making bets on the possibility of events like election results and economic prediction.US President Donald Trump’s social media platform Truth Social is expanding with the introduction of real-world event betting directly on the app.Trump Media and Technology Group (TMTG) on…

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Sebi mulls sharp cut in fees MFs charge investors

MUMBAI: Markets regulator Sebi on Tuesday proposed up to 15 basis points (100 basis points = 1 percentage point) cut in charges that investors pay to open ended mutual funds with the lowest slab at 0.9% for equity funds above certain threshold assets under management (AUM) and 0.7% for non-equity funds. Currently, the minimum charges…

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LIC: No govt directive to invest in any Adani entity

Life Insurance Corporation (LIC) of India NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate. “LIC categorically clarifies that the documents mentioned…

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