Business

The benchmark equity indices ended Thursday’s trading session slightly higher after turning red during the later market hours. The NSE Nifty 50 gained 28.50 points or 0.13% to settle at 21,647.20 points. While S&P BSE Sensex closed 63.47 points higher or 0.09% to settle at 71,721.18 points. Nifty Bank ended higher by 77.50 points or 0.16% to settle at 47,438.35 points.

The…

By Anand James

How poised are we to extent the incredulous uptrend that is on? Among sectors, auto and realty appears to be slowing down having taken the baton much early, but my sense is that they are not fully done yet. Meanwhile laggards are catching up, like IT and pharma. But along this theme, metal index has the lowest YTD gains of 13.82%, but our bets are on FMCG, which ha…

In a historic feat, the Bombay Stock Exchange (BSE) has set a new record with over 29 crore contracts traded, reaching a peak Open Interest (OI) of 65.7, and boasting a remarkable notional turnover exceeding ₹192 lakh crore. The achievement marks a significant milestone in the exchange’s history and underscores the robust participation and confidence of market participants.

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Securities and Exchange Board of India (Sebi) has put together working groups in order to simplify regulations, ease and reduce the cost of compliance.

These working groups will look into the requirements to enhance the ease of compliance and reduce cost, according to a press release shared by the capital markets regulator on Wednesday.

Sebi has invited suggestions for s…

The Securities and Exchange Board of India (Sebi) has issued additional surveillance measures aimed at curbing the misuse of pre-open call auction sessions for initial public offerings (IPOs). The new session, lasting 60 minutes from 9 am, will be structured with specific intervals for order entry, order modification, order cancellation, order matching, and trade confirmation.

“In…

India’s petroleum products exports may be marginally outpacing the overall outward shipments, but imports of these items are rising at a faster rate. As a result, the country’s self-sufficiency in oil products has been witnessing a decline from 14.5% in 2011-12 to 12.6% in 2022-23, and further to 12.3% in April-February this fiscal, according to data from the government’s Petroleu…

It didn’t take long for a deft individual to bring the recently revealed Shield Saw from Doom: The Dark Ages to the original Doom. This is no mere decoration, either, as the modded item can be thrown to dice up enemies and also used to rip through them in close-quarters combat.

Spotted by IGN, a self-described amateur artist called Craneo on X (formerly known as Twitte…

Apple’s latest iPad Pro models, announced at the company’s latest Spring Loaded event, are probably the biggest swing yet at trying to make the tablets fully fledged laptopsCome from Sports betting site VPbet. Most of that comes down to its internal guts, with the new iPad Pros sporting the same Apple M1 processor as its latest MacBook Pro…

The largest casino-entertainment company in the United States and operator with one of the most diversified casino-entertainment providers in the world, Caesars Entertainment, announced the completion of the acquisition of WynnBET’s iGaming business in Michigan. The move represents a major expansion of the company in an important online gambling market. Read more

On Friday, November 4th, 2022, DraftKings, a daily fantasy sports (subset of fantasy sport games) contest provider and sports betting company, announced slower monthly user growth in the third quarter of the year that fell short of expected which caused the value of the shares to be very low, with 28% prior to the announcement.

Weak customer growth:

DraftKings is currently facing on…