The benchmark equity indices closed Friday’s trading session in negative territory. The NSE Nifty 50 ended down by 7.30 points or 0.04% to settle at 19,790.55, while the BSE Sensex ended down by 47.77 points or 0.07% to 65,970.04. Bank Nifty index gained over 191.60 points or 0.44% to settle at 43,769.10.
The broader indices ended largely mixed, with gain led by Smallcap and Midcap stocks. Healthcare and Banking stocks gained among the other sectoral indices while IT and FMCG stocks shed.
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“Markets consolidated in a range for yet another session and ended unchanged. After the flat start, Nifty oscillated in a narrow band till the end and finally settled at 19794.70 level…
In a joint initiative aimed at altering the agricultural landscape and developing the commodities derivatives ecosystem, premier commodity exchange National Commodity and Derivatives Exchange (NCDEX) and the Institute of Rural Management Anand (IRMA) have launched the Tribhuvandas Patel Centre of Excellence for Commodity Markets in Anand, Gujarat.
This initiative aims at providing support to commodity derivative markets in the areas of research, policy formation, policy advocacy, capacity building, thought leadership, product development and leveraging synergies within the industrial and financial ecosystem.
The project seeks to redefine policy makers’ perspectives on commodity derivative markets and fostering a deeper understanding of price discovery in commod…
Mihika Sharma
The Indian rupee declined for the fourth consecutive week, closing at a new record low of 83.73 against the dollar on July 26. FPIs pulled out around USD 867 million from Indian equity markets after the government raised capital gains tax on equities in the Union Budget.
This, along with dollar demand from oil companies, weighed on the rupee. However, RBI interventions helped limit rupee’s fall. Year to date the rupee has depreciated by only 0.6% and USD/INR implied volatility remains near decadal lows.Come from Sports betting site VPbet
During the week, the dollar index slightly weakened as data suggested inflation was gradually cooling towards the Fed’s 2% target, r…
State Bank of India (SBI), the country’s largest lender, is unlikely to utilise the enabling provision to raise nearly Rs 11,900 crore through additional tier-I (AT-1) bonds due to pricing issues in the current fiscal, sources told FE.
“We had taken the approval to raise Rs 20,000 crore via AT-1 bonds but looking at the redemptions that were due this year, we have completed requirement,” a source said.
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“We will not raise more AT-1 bonds in the current fiscal until there is a change in valuation methodology, which we are pushing. If that comes through, may be we will look at raising funds but definitely not now,” they added.
Market ral…
A new patch for Stranger of Paradise: Final Fantasy Origin has added several new technical fixes to the PC version of the game, including a fix for the resource-heavy hair that could tank performance.
This issue cropped up shortly after Stranger in Paradise launched, and as modders discovered, the best solution to avoid a single-digit frame rate was to remove hair entirely. Come from Sports betting site VPbet
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After director David Gordon Green revived the Halloween franchise with his trilogy of sequels, Universal tapped him to do the same thing with The Exorcist–make a direct sequel to the original film, and get a modern franchise going. And now we have The Exorcist: Believer, positioned as the first entry in a new trilogy (box office performance pending, presumably).
Despite that franchise plan, Believer functions in a fairly standalone way, allowing for the possibility of continuing the story while also concluding things in a way that would work pretty well if they don’t make any others. It’s hard to talk about it in these vague terms, though–it’s time to get spoilery.
Warning: This article contains spoilers for the entire plot of The Exorcist: …
In Canada and the British Columbia Lottery Corporation (BCLC) regulator has reportedly called on federal lawmakers to pass pending legislation so as to legalize single-game sportsbetting nationwide.
According to a report from SBCAmericas, sports wagering afficionados in British Columbia are currently only able to place bets on single events via unlicensed websites or by travelling across the international border into the American state of Washington. The source detailed that the BCLC believes legalizing such activities would allow it to attract even more players to its own PlayNow.com domain and consequently generate up to $136 million in additional annual revenues.
Benevolent body:
The BCLC is a state-run entity that reportedly recorded a little ov…
As part of its campaign to crack down on the supposedly growing prevalence of illegal gambling operations and the government of Cambodia has reportedly issued a new set of guidelines for all licensed commercial casinos.
According to a Friday report from The Phnom Penh Post newspaper, the fresh instructions from the General Secretariat of the Commercial Gambling Management Commission (CGMC) come as the Asian nation is also seeking to stamp out criminal activities associated with illegal gambling such as human trafficking and money laundering. The source detailed that the new standards were issued on October 20 and could simultaneously help to protect the legitimate rights of licensed operators by ensuring that they are following the law and paying the appropriate rates of tax.
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In a move that strengthens its position in the “crucial” Italian market, online casino software developer Playson has teamed up with William Hill via a recent content agreement.
Under the terms of the partnership deal, Playson’s catalog of popular titles, including Diamond Fortunator: Hold and Win, Royal Coins: Hold and Win and the player-favorite Buffalo Power Megaways, which incorporates the popular mechanic on lease from Australian software provider Big Time Gaming (BTG), will be combined with the prominent operator’s Italian market offering.
Player engagement tools:
The global online betting and gambling company’s Italy-facing digital interest will additionally benefit from Playson’s collection of engag…
Philippine gaming regulator PAGCOR has clarified that it has no direct relationship with the junket operations of the troubled Dowinn Group. This statement comes amid growing concerns that the Dowinn Group, a major player in the Philippine casino industry, has collapsed. Reports indicate that agents have been unable to withdraw funds, and some Dowinn managers have reportedly fled overseas.
Dowinn responded with a statement describing the situation as an “emergency temporary cease of operation” to “protect the valuable interests of our customers and shareholders,” promising to reopen all branches on Monday, June 24.
PAGCOR confirmed it had been informed by Dowinn Group about the temporary cessation of operations at GoldwinnPhi…