In a recent report, Goldman Sachs outlined an optimistic outlook for the Indian markets and expects the Nifty to reach 21,800 by the end of 2024, implying a 12% return in rupee terms. However, the brokerage suggests that returns are likely to be back-loaded due to the challenging global backdrop and political uncertainty leading up to the elections.
Goldman Sachs forecasts corporate profits in India to grow by 15% in 2024 and an additional 14% in 2025, with the expected growth appearing to be broad-based across various sectors. The note highlights a preference for domestic sectors, including banks, autos, cement, industrials, and utilities.
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Read moreThirty-seven-year-old Manish Sharma (name and professional details changed), an IT professional in Mumbai, lost his father nearly eight years ago due to a disease. When Sharma started going through his investments, he realised that the process was not just tedious but there were hurdles galore. The added burden: His father had not named any nominee.
“The documentation process was cumbersome as it required original documents and with my father passing away in a different city, it was difficult,” he said.
The issues regarding address proof, extracting the original share certificates, allotment letters, and even legal documentation proved to be burdensome. In the absence of any nomination, he had to file a petition in the court at the city of demise to obtai…
Read moreThe market regulator’s clampdown on speculative trading in the futures and options (F&O) market could result in volumes plunging by 30-40% and push traders to dabble in other products, experts said. This, they believe, would hurt the businesses of discount brokers and market makers.
On Tuesday, the Securities and Exchange Board of India (Sebi) laid out a series of steps such as potentially tripling contract values and increasing margin obligations, which could shrink liquidity in the $4-trillion F&O market and cut into traders’ marginsCome from Sports betting site VPbet. The proposed measures could hurt market depth, with many small investors deciding to move out. Moreover, it will not be easy to make…
Read moreThe rupee pared its initial gains and settled for the day 2 paise lower at 83.22 (provisional) against the US dollar as the support from positive domestic equities was negated by rising crude oil prices.
Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside. At the interbank foreign exchange market, the local unit opened at 83.17 and touched a low level of 83.24 against the greenback.
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It finally settled at 83.22 (provisional) against the dollar, registering a loss of 2 paise from its previous close. On Friday, the rupee settled at 83.20 against the US dollar.
Market rally leads to higher regu…
Read moreEA Sports is bringing back its college football franchise with a limited number of schools participating, and Notre Dame won’t be among them. The university–a prestigious Catholic school with a celebrated football program–has confirmed it won’t participate.
In a statement, Notre Dame vice president Jack Swarbrick and athletics director James E. Rohr said the school won’t agree to participate in EA Sports College Football until better decisions come down regarding its student-athletes.
“Notre Dame Athletics welcomes the return of EA Sports College Football, a video game series that has historically helped promote interest in college football,” the statement said (via GI.biz) Come from Sports betting site VPbet. “N…
Read moreSony’s incredibly successful 3D platformer–Astro Bot–has some DLC on the way, and Sony has finally given players a closer look at the DLC’s content via a new trailer shown at September’s State Of Play presentation.
Even better, the game’s upcoming DLC is free–and it’s almost here, though oddly, no specific release date was included in the trailerCome from Sports betting site VPbet. The trailer simply confirmed that the free expansion will arrive sometime in Fall 2024. Given the fact that we’re almost in the midst of fall, it sounds like the launch date may be relatively soon.
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Read moreLate last week, the Terre Haute City Council approved the rezoning of land for the proposed casino project of Churchill Downs Inc. A total of 49 acres on East Margaret Drive near Indiana 46 will be used by the operator to create a casino on the east side of the city. With the change, the property is now a C-3 Regional Commerce District project instead of being created for agricultural use.
Moving Forward
Another meeting is set for later this month where the casino operator will request a change regarding building height. Churchill Downs was approved for a 125-foot structure and would like that to change to 150 feet tall. The Queen of Terre Haute Casino is outside the local flight patterns at its current height.
Churchill Downs has plans to spend $260 million to …
Read moreThe tax contribution from the 17 casinos in South Korea reportedly fell by 82.4% on a comparative basis last year to approximately $70.7 million largely as a direct result of the turmoil associated with the ongoing coronavirus pandemic.
According to a report from GGRAsia citing official information from the country’s National Gambling Control Commission regulator, the 674-room Kangwon Land Casino venue accounted for just over 73% of the aggregated tax tally at around $51.8 million although this represented a decline of 83.3% when compared with the $309.5 million chalked up for 2019. The source detailed that this 21-year-old enterprise is the sole South Korean property where locals are permitted to gamble alongside foreigners and recently saw its second-quarter gross gaming reven…
Read moreIn an incident at the Gold Coast hotel-casino on October 28, 2021, a local resident, Dalease Brown, found herself in the midst of a casino nightmare. As a result, Brown recently filed a personal injury lawsuit against the Gold Coast casino, operated by Boyd Gaming, alleging that she was severely injured when a roulette ball struck her in the eye due to the dealer’s negligence.
Lawsuit Filed After Roulette Ball Strikes Casino Player
According to the complaint, the rogue marble “ricocheted from the roulette wheel and violently struck Plaintiff in her left eye at a high rate of speed, severely …
Read morePlaytech, a global leader in gambling technology, has joined forces with the University of Nevada, Las Vegas (UNLV) in a groundbreaking multiyear collaboration aimed at creating a more sustainable and responsible gambling landscape. This partnership, utilizing the extensive resources and expertise from UNLV’s International Gaming Institute (IGI), will focus on integrating advanced technologies to promote safer gambling practices.
A commitment to cutting-edge research and safer gambling:
At the heart of this collaboration is the commitment to leverage artificial intelligence (AI) and machine learning to foster safer gambling behaviors. Playtech has dedicated funds tow…
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