The ECB said no action will be taken against England head coach Brendon McCullum, who was under scrutiny for his association with a betting company.
The organisers of the Chennai Open unearthed a betting racket, the members of which allegedly belong to an international betting syndicate.
Analytics and big data are the latest buzz words of the technology industry. But one company that is betting big on analytics is International Business Machines Corp (IBM).
Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Investments via PE deals are down 47 per cent compared to FY23, when private equity deals worth $45.8 billion were signed. According to data sourced from Bloomberg, PE firms had signed record deals worth $80 billion in the financial year ending March 2022.
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
Investors' wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday. Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 363.20 points or 0.49 per cent to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81 per cent to hit its record high of 74,254.62.
Now that bank FD rates have gone up and most BAFs haven't delivered good returns, these investors are likely to be moving back to FDs, observed a senior MF distributor. The performance of BAFs in the past year has been mixed.
Norwich City and Northern Ireland striker Kyle Lafferty has been charged with a betting offence, the Football Association said on Friday.
The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.
Tactician par excellence Gautam Gambhir couldn't have envisaged a battle of brains with a more different kind of adversary than the smiling yet ruthless Pat Cummins as Kolkata Knight Riders face a spirited Sunrisers Hyderabad in a mega IPL final in Chennai on Sunday.
Analysts are advising a cautious stance on the steel sector due to a combination of factors. The major one is that China has maintained momentum on steel exports in CY24 and there could also be domestic over-supply in the medium-term. Trade data for Jan-Feb'24 shows that China's finished steel exports rose 31 per cent year-on-year (Y-o-Y) to 15.9 MT.
The ED said Das stated that his first statement given to the agency on November 3 last year in which he cited Baghel's name was "true and correct".
The Delhi police has busted five betting syndicates in the past fortnight, with betting amounts totaling to a swaggering 5.13 crore.
In the Sensex pack, 20 stocks ended in the red while 37 of the Nifty constituents closed the session with losses. NTPC was the biggest loser among the Sensex constituents, ending with a loss of 2.71 per cent.
As Mumbai's real estate and electric vehicle penetration grows, two of the city's private power distribution companies, Adani Electricity and Tata Power, are eyeing a bigger business pie, particularly betting on high-value customers. Adani Electricity Mumbai (AEML), the subsidiary which houses Adani Energy Solutions' Mumbai distribution business, recorded a six per cent growth in total units sold in the financial year 2023-24 (FY24), the company's presentation shows. This gain came at over 13 per cent growth in the year-ago period.
Australia's physiotherapist Nick Jones's advise got a "dead man" stand on his feet. The result was an epic World Cup knock that will be talked about for a long time to come.
She has mastered the art of chic dressing; be it sultry moments by the seaside or vacays in the hills.
'It is a fiercely fought battle, like our fiery chillies in Guntur.'
Only vaccinations can eliminate the threat of new waves, help raise sentiments and allow sellers and buyers to participate aggressively in the much awaited economic recovery, observes Mahesh Vyas.
Mutual fund bets in their own schemes are nearing the Rs 1 trillion mark. The total value of sponsor and associate investments across all categories of schemes touched Rs 95,058 crore in February, according to a Business Standard analysis of data from industry body the Association of Mutual Funds in India (Amfi). This represents a 28.9 per cent increase over March 2023.
The returns from liquid funds, currently, look better than what savings accounts of leading banks are offering, points out Sarbajeet K Sen.
Notwithstanding expectations of a pick-up in construction activity during a seasonally strong January-March quarter (fourth quarter) of 2022-23 (FY23), analysts are cautiously optimistic about the building material sector - encompassing paints, pipes, wood panels, tiles, metals, and cement - as volatile input costs, coupled with fears of a global slowdown, are making demand projections uncertain. Against this backdrop, analysts suggest investors stay selective and pick stocks of companies with stronger brand recall, expanding distribution network, diversified product profile, healthier balance sheet, and sustainable cash flow. "The government's various proposals under Budget 2023-24 (FY24) may lead to the building material segment growing between 8 per cent and 12 per cent for the next five years.
"In his conversation with bookie Mukesh Kochar, we found Samuels talking about general things like order of the batsmen and arrangement of fielders," Pasricha said.
Mutual funds (MFs) invested a record Rs 1.73 trillion in equities in the financial year 2022-23 (FY23), providing strong support to the Indian markets at a time when foreign investors were redeeming their holdings. They exceeded the previous high of nearly Rs 1.72 trillion investment in equities in FY22. The data from the Securities and Exchange Board of India (Sebi) shows MFs were net buyers in the equity market in eleven of the twelve months last financial year.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
Fifteen professional players are being investigating by the French Football League (LFP) for breaking anti-betting regulations, the LFP said on Wednesday.
A quick side-dish that's a good addition to the dal-chawal combo.
Should you buy an air fryer. Is it for you? What can you make with it?
The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
Belgium's soccer federation has started an inquiry into allegations that several players in the country's top league bet on their own matches.
FA rules prohibit players and coaches from betting on any football activity or providing non-public information to any other person that is then used for betting.
In addition to the negative sentiment as a consequence of changes announced in the Union Budget 2023-24 concerning tax treatment for debt repayment distribution, concerns about hiring slowdown and its leasing impact, as well as higher interest rates, could blight the sector in the near term.
Former India cricket captain Rahul Dravid favoured legalising betting in the country.
In a crackdown on cricket betting following the IPL spot-fixing scandal, police arrested 19 more people, including some bookies, in West Bengal, Maharashtra and Rajasthan. The arrests were made between Wednesday night and Thursday in connection with four separate cases.
Former Pakistan off-spinner Akram Raza has protested his innocence after being arrested during a raid on a bookmakers den.
Bookmakers suspended betting on an Australian Rules club on Friday due to doping claims, as police warned of significant match-fixing risks due to large Asian betting pools, citing A$40 million in wagers on one local soccer match.
Bhupendra Patel can never really break free of intervention from New Delhi. But if he can win over the Gujaratis and improve the BJP's tally substantially, he will have proved that he should be taken seriously.
Former Australian captain Mark Taylor has defended the practice of advertising fluctuations in the betting market during Channel Nine broadcasts as "business".
Mutual fund houses have been on an equity buying spree in the past three months as they have invested a net amount of Rs 55,000 crore in them between January and March 2023. The number is more than double the amount deployed in the preceding three months (October to December), signalling improved valuations and favourable economic indicators. The valuations, which had peaked in October 2021, returned to its long-term average in March 2023.
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