Making the Pixel 8 in India will not necessarily bring the price down -- witness iPhones made in India that are more expensive than those in the US and Dubai.
A Mumbai court on Wednesday remanded six bookies, arrested in connection with the alleged IPL betting syndicate, in judicial custody till June 5.
The first half of 2023 has ended on a satisfying note, what with the latest Bollywood release, Satyaprem Ki Katha, doing well in its opening extended weekend of four days.
"The charges relate to the 2021 Abu Dhabi T10 Cricket League and attempts to corrupt matches in that tournament -- these attempts were disrupted. The ICC was appointed by the ECB as the Designated Anti-Corruption Official (DACO) for the purposes of the ECB's Code for this tournament and as such are issuing these charges on the ECB's behalf," ICC said in a statement.
Many Indians bet on cricket and other sports at offshore websites.
Laggards yet, a number of smaller PSBs in the category have balance sheets which do not give much comfort.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
What is most troubling is that not a single party that is part of INDIA has talked about any kind of reform and economic sense, argues R Jagannathan.
Will Rohit continue playing Test cricket for the next two years and complete the upcoming cycle?
Weakness in HDFC Bank's net interest margin (NIM) might have bottomed out in the July-September quarter (Q2-FY24), analysts said on Tuesday, as most of the merger-related one-time adjustments have been done. The bank, they believe, should be able to grow from here on, allowing the stock to reverse its underperformance. "The weak NIM print was not unexpected given the merger and regulatory impact caused by the incremental cash reserve ratio (ICRR; 5-10 bps for the quarter).
The Supreme Court-appointed SIT on Friday called for effective norms to curb betting in cricket and a stronger set of norms for P-Notes, while also making a case for bringing donations to educational and religious bodies under tax net.
"We are not yet viewing Gurunath as an accused in the case, and a call on his role in this entire episode will be taken only after his questioning," police sources informed.
The slot constraint in Indian airports is also going to play a role in pushing airlines to have wide bodies.
With an aim to increase its exports business, biscuit maker Britannia Industries is betting big on new international markets.
What stands out for Kuldeep 2.0 is his aggressive approach.
A gambler is not a threat to society or to the country, says A Ganesh Nadar.
For years, many Wall Street investors wrote off Dell Inc as a dying personal computer company. But Silver Lake Partners is betting about $1 billion that they're wrong. Here' why...
The company expects its optical media business -- which currently contributes almost 100 per cent of its revenues -- to comprise only a third of its revenues three to five years down the line. Its subsidiaries -- Moser Baer Home Entertainment and Moser Baer Photo Voltaic (MBPV) -- on the other hand, are expected to contribute a major chunk of its revenues by 2011-12.
At a time when the market is betting on a 'higher for longer' global interest rate view, Accenture's (ACN) weak revenue forecast is a negative read-through for the Indian IT firms, according to analysts. The Dublin-based company sees its revenue growth at 2-5 per cent in constant currency (cc) for the financial year 2024 (FY24), below the pre-Covid levels of 5-8 per cent for FY17-20. The weak projection, thus, signals that slower demand is likely to persist this year, and any recovery is unlikely in the near-to-medium term, experts note.
Says govt and Vodafone would have a reasonable compromise.
With her black runway look, Nargis schooled us on how to dress like a dark princess.
From the customer point of view too, LFP batteries are safer and offer a longer life.
The stock exchange on which they are traded boasts higher profits than most of the companies whose shares are hitting new highs. Only 37 of approximately 2,000 listed companies with comparable data for 2022-23 (FY23) reported higher profits, while the rest had lower profits. Despite rising corporate profitability, the universe of companies that outperform the National Stock Exchange (NSE) in terms of profitability has been shrinking of late, according to an analysis of companies with comparable data over the past seven years.
JPMorgan Chase took the market by surprise on Thursday after it announced a $2 billion trading loss.
Over the next two years, Embraer will be delivering 20 of its business aircraft. As of now, the aircraft manufacturer has three aircraft in the country.
With the cricket World Cup mood building up, bookies and punters across India have taken their positions. Sources involved in betting, who did not want to be identified, fearing police action, estimate a turnover of about Rs 10,000 crore (Rs 100 billion).
The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the takeover of majority stake in Sanghi Industries via Ambuja Cements. Since every major player is in expansion mode, there could be a capacity surplus and hence, price wars.
Pakistan's former captain, Imran Khan fears that the menace of spot-fixing in cricket could be a much more malignant problem then it is being perceived to be after the allegations and suspension of three Pakistani players in England.
The Pakistan spot-fixing scandal has once again shone the spotlight on illegal betting in the sub-continent and reopened the debate on the legalisation of gambling in India.
Since the start of the century, India have made it to two finals and two semis in five ODI World Cups but have just ONE title to show for. It's high time to end that barren run!
Legalising betting cannot stop corruption in cricket, feels former India all-rounder Ajay Jadeja, who says there is very little that can be done if an individual 'is ready to do something'.
Pasta procured in Italy cooked up with lightly braised vegetables that can be mimicked in India.
After shampoos and oral care, fast-moving consumer goods (FMCG) companies are betting big on soaps this year.
The key risk factors would be anti-incumbency, small vote share swings causing large impact on outcomes and the 2004 example.
In FY22-23, Samsung exported $4.09 billion smartphones from India -- an increase of 42 per cent over 2021, when it was $2.8 billion -- accounting for 35 per cent of all smartphone exports.
Punters have been given the opportunity to bet online on the semi-finals being played at Mumbai on a website owned by IPL's official digital media parter Global Cricket Ventures.
Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
Let's take a look at some casino companies that are projected to witness huge growth.
The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 per cent year-on-year to Rs 11,342 crore in the September 2023 quarter. The Tata Group flagship had reported a net profit of Rs 10,431 crore in the year-ago period.
Metal and mining companies, such as Tata Steel, JSW Steel, Hindalco, and Coal India, have been among the top-performing sectors on the bourses in recent months. The S&P BSE Metal Index is up 13 per cent in the past three months, rallying 29 per cent in the past year, outperforming the broader market. For comparison, the benchmark S&P BSE Sensex has only seen a 1.7 per cent increase in the past three months, with a 15 per cent gain since the end of September last year.
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