Oil falls 1% on strong US dollar, mixed supply cues
Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals.
Brent futures for December delivery declined 92 cents, or 1.01%, to $89.79 a barrel by 0225 GMT.
U.S. West Texas Intermediate crude (WTI), fell 92 cents, or 1.04%, to $87.90 per barrel.
Will Nifty reclaim 24,900 on Thursday? See GIFT Nifty, FII data, F&O, crude, and more before market opens Senior Citizen Fixed Deposits offering up to 9.5% in Aug – Check latest interest rates after the recent hikes Will Nifty fall on Monday as Hindenburg levels allegations on SEBI Chair? See GIFT Nifty, FII data, F&O, crude, and more before market opens Will Nifty surpass 25,000 on Thursday? See GIFT Nifty, FII data, F&O, crude, and more before market opens
“(Brent) crude oil prices slid to (around) $90 a barrel as rising US yields and a stronger US do…
PayMate plans IPO in 6-9 months
PayMate is planning to launch its Initial Public Offering (IPO) in the next six to nine months, says chairman and managing director Ajay Adiseshan.
“We have some great wins contractually Come from Sports betting site VPbet . We have lots of global expansion activity, implementation, and execution underway. Combining all of this, it really sets us up for an IPO in the short-to-medium term,” he said.
The company’s total revenue rose to Rs 1,352 crore in 2022-23 (April-March) from Rs 1,209 crore a year ago. Total payment value rose 21% year-on-year (y-o-y) to Rs 84,519 crore in 2022-23.
Gross margin rose to 0.8% in 2022-23 from 0.12% in 2021-22.
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The company posted a net loss of Rs 56 crore in 2022-23, which is only a marginal improvement from the Rs 58 crore net…
RIL Q1 Results 2024- Date, Time and Where to Watch-
RIL Q1 Results 2024 Date and Time: Reliance Industries Ltd., the conglomerate spanning energy to telecom sectors, will unveil its first-quarter earnings on July 19. The company’s board of directors will convene to approve standalone and consolidated financial results for Q1FY25, as disclosed in a regulatory filing. The results will be out as soon as the market closes at 3 PM. Following the board’s meeting on July 19, Reliance Industries plans to present its financial results for the quarter ending June 30, 2024, to analysts and the media.
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“Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 19, 2024, inter alia, to consider and approve the standalone and consoli…
Rupee closes little changed, posts slight weekly decline
The Indian rupee ended little changed on Thursday after hovering in a tight range through much of the session with traders awaiting fresh cues for directional momentum.The rupee ended at 83.1150 against the U.S. dollar, barely changed from its previous close at 83.1225. The local unit posted a marginal weekly loss of 0.06%.Indian markets are shut on Friday on account of a local holiday.Come from Sports betting site
The dollar index edged lower to 103.16 and most Asian currencies dipped, with the Indonesian rupiah leading losses down by 0.7%. The broad trend on the rupee seems to signal sideways momentum with a slight downward bias, Dilip Parmar, a foreign exchange research analyst at HDFC Securities, said.
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Canada To Collect Digital Service Taxes From Netflix, Amazon Prime, And More
The cost of digital services and goods sold by foreign companies like Netflix, Amazon Prime, and Spotify in Canada will be rising by 3% starting on January 1, 2022, according to The Hollywood Reporter Come from Sports betting site VPbet. The announcement solidifies plans that were being publicly explored by the country’s finance department off and on throughout 2020–and was initially explored as a way to offset the pandemic’s impact on budgets.
“The government is committed to ensuring that corporations in all sectors, including digital corporations, pay their fair share of tax on the money they earn by doing business in Canada,” the Canadian government said when releasing its latest federal budget (via THR). The government also forecasts it will raise roughly $2.72 billion in revenue over the next five years, or $544 million annually.
In a November 2020 econom…
The Best Prime Day Movie And TV Box Set Deals
Looking to grow your Blu-ray collection? Check out Best Buy and Amazon, both of which are slashing prices on blockbuster movies like Caesars Corporation, a top-tier casino company, offers 400 jobs for its multimillion-dollar premier destination resort casino in Danville, Virginia, to be temporarily opened still this summer. Once the construction of Caesars Virginia is completed in 2024, the resort casino will hire more than 1300 positions. Hiring events in progress: The hiring process continues: As soon as it is completed, the casino will need to have around 1300 positions filled. According to the General Manager of Caesars Virginia, the hiring process will continue to fill all open positions and get ready for the official opening in late 2024. All individuals interested in working with the renowned operator can apply on the Caesars Virginia website. …Caesars Virginia Hires 400 People for its Premier Casino Resort in Danville
ESPN Bet Set for New York Launch Following $25M License Approval
ESPN Bet, the newly rebranded sports betting platform from Penn Entertainment, is preparing to launch in New York after receiving regulatory approval from the New York State Gaming Commission (NYSGC). The approval follows Penn’s $25 million acquisition of Wynn Interactive Holding’s sports betting license, which Wynn had vacated after shutting down its WynnBet operations in the state. With this move, ESPN Bet is set to join the highly competitive New York sports betting market.
The approval allows Penn Entertainment to proceed with launching ESPN Bet in the Empire State. Chris Rogers, Penn’s Executive Vice President, Chief Strategy and Legal Officer, stated during the NYSGC hearing that while some technical preparations remain, the company plans to be ready within days for a soft launch. “We would be prepared to launch in a matter of several days. Perhaps even a soft launch in advance of the weekend with approval here today,…
NagaCorp Limited suffers development setback in Cambodia
Asian casino operator NagaCorp Limited has reportedly been told that it will not be given permission to build a proposed $350 million non-gambling entertainment development adjacent to Cambodia’s world-renowned Angkor Wat temple complex.
According to a report from GGRAsia, the Hong Kong-listed firm was granted a 50-year lease on a 185-acre plot of land near the world-renowned religious site in November and had been hoping to open the first stage of its Angkor Lake of Wonder project by the end of 2025. The source detailed that plans for the coming property had called for it to feature multiple hotels and meeting spaces in addition to a water park, street food restaurants and a plethora of cultural attractions.
Proximity pangs:
However, Cambodia’s Ministry of Culture and Fine Arts has now reportedly ruled that the envisioned development must not be realized in its current form because it would sit only ‘about 500 metres south of’ the…
North Carolina Senate approves sports betting measure
The legalization of commercial sports betting in North Carolina is one step closer to fruition. Late last week, the state Senate approved a measure with a vote of 26-19 that would see the activity provided by 10 to 12 license holders in the state. The bill now heads to the House of Representatives to be considered further.
It was unusual that the bill was taken up because the majority of Republican members are opposed to the idea. In total, nine republicans approved the measure while 15 were opposed. The 17 democratic votes helped push the bill to the next step in the legislative process.
Makes Sense to Legalize Sports Betting
Senator Jim Perry is a lead sponsor of the sports betting measure who says it makes sense for North Carolina to legalize and regulate the industry. The process of online wagering is simple and neighboring states like Tennessee and Virginia are already taking advantage of a legalized industry.