Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Australia has banned women's cricketer Piepa Cleary for six months, with another 18 months suspended, for placing bets on a men's test match between Australia and New Zealand in November.
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.
Like the billionaire investor Rakesh Jhunjhunwala, Gautam Gambhir, the tenacious former opener-turned-coach, also seems to be governed by instincts while picking unheralded players and turning them into match-winners, points out Vishal Menon.
Bankers said the outlook of M&As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
"Surprisingly, not as popular as men's cricket but women's cricket is going to get very popular. The game has taken giant strides in the last two-three years. Hope a lot of people come to watch the tournament,"
US short seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, on Tuesday said it has received a show cause notice from Indian capital market regulator Sebi over alleged violations in placing bets on the conglomerate stocks. Hindenburg termed the show cause notice as "nonsense" and "concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India."
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.
The BCCI secretary is the convenor of the senior selection committee (men) and with Shah busy with his political commitments, it is understood that the meeting will be held in Ahmedabad.
The father of Manchester United and England striker Wayne Rooney has been cleared of involvement in an alleged betting scam, media reports said on Monday.
Indian wrestlers have not missed a medal since the 2008 Beijing Games and the onus is now on Vinesh Phogat & Co to continue the trend.
a former Kenya pacer tried to contact a Ugandan team member multiple times from different numbers during the T20 World Cup.
Betting in football will be at the top of the agenda at next month's meeting of FIFA's executive committee.
When billionaire Warren Buffet started his first fund in 1956 with eleven investors, he invested a token amount of $100 of his own money as "skin in the game". Buffet denies it but he is credited with coming up with the term describing those running a fund risk some of their own money in it. The mutual fund (MF) industry has more than Rs 81,200 crore riding on its schemes, shows a Business Standard analysis of data on sponsor and associate contributions from the Association of Mutual Funds in India (Amfi).
Six people have been arrested on betting charges during the first Test in Kanpur.
Ireland's Olympic Council is investigating an allegation that one of its competitors at the London Games previously bet on an opponent to win an event in which they were both competing, a spokesman said on Saturday.
National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasized that trading in Futures & Options (F&O) derivatives should be limited to informed investors who can manage risk and comprehend the market. Recently, Finance Minister Nirmala Sitharaman and chief economic advisor V Anantha Nageswaran flagged the growing risk of F&O trading for retail investors.
'We're putting a lot of focus on GenAI developers and people who can really do all the architecture and programming.'
Delhi Police claimed to have smashed two betting rackets during Indian Premier League match between Chennai Super Kings and Kings XI Punjab with the arrest of three persons and recovery of cash and other articles.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
Balanced advantage funds (BAFs) were popular in the later part of 2021 and continued to see good inflows until some months back as investors looked for safer options amid over-valuation concerns. As such concerns ease, investors are turning to riskier funds and shifting from BAFs. Redemptions from the hybrid fund category have exceeded in six of the last seven months, with investors pulling out a net of Rs 3,140 crore during the seven-month period.
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
The former Aus leg-spinner then went on to place a bet with Ganguly, asking him to buy him dinner and wear the Australian jersey if the Aussies would win the June 10 ICC Champions Trophy match against England and he in turn would wear the England jersey if the Poms won.
Max Verstappen won Formula One's first Chinese Grand Prix in five years on Sunday.
There's more trouble coming for IPL betting scandal accused Gurunath Meiyappan, an ex-official of Chennai Super Kings, and actor Vindoo Dara Singh. The police on Friday said their voice samples matched the tapped telephonic conversation in which they were purportedly discussing matches and betting activities.
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.
Another gold medal in Paris would further elevate Neeraj Chopra's status as the greatest ever athlete in the history of Indian sport.
In little over a year, Air India and IndiGo have announced plans to purchase up to 170 wide-body planes as they bet on ambitious expansion and efforts also continue to make India a global aviation hub. Also, the two carriers' orders usher in European aircraft maker Airbus into the country's wide-body space, which has traditionally been dominated by US major Boeing. If narrow-body aircraft orders of Air India, IndiGo and Akasa Air are added to the list, the order book is well over 1,200 planes and that too in less than 14 months or since February 2023.
The dealers operating in the space have jumped nearly three times over the past two years.
From tennis love to Tudor queens, Sukanya Verma lists everything you can catch on OTT this week.
Check out some of Sarah Jane Dias' unforgettable fashion moments.
Brazil return to winning ways with dreary win over Ecuador in their World Cup qualifiers.
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.
The young beauty readies herself for the upcoming Miss World contest.
The ongoing weakness in the broader equity market is likely to weigh on primary market investor participation ahead, which has already begun showing signs of fatigue, analysts said. The spillover effect, they say, will continue as long as the midcap and smallcap segments remain volatile. "The effect will be felt in the IPO market. The subscription levels have come down in the last few days and recent 4-5 IPOs have not done well.
By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.
A procession of barges will take nearly 7,000 athletes along the river past Paris's most famous landmarks, while more than 300,000 spectators will watch from the banks.
In the fall-out of all the controversies surrounding the Indian Premier League, a burning debate has ensued, and at the centre of the debate is the legalising of betting in cricket.
The returns from liquid funds, currently, look better than what savings accounts of leading banks are offering, points out Sarbajeet K Sen.
India should legalise betting to stamp out corruption in cricket, says former England captain Geoffrey Boycott.
