Diwali Special- Indian stock markets shine with impressive gains in past one year
Indian stock markets have a reason to celebrate this Diwali with indices surging over 6%. From Diwali 2022 to Diwali 2023, both the Nifty and Sensex have witnessed substantial gains, reflecting the resilience and growth of the Indian economy.
The National Stock Exchange’s benchmark index, Nifty 50, has climbed an impressive 7% during the past year, underlining the renewed investor confidence in Indian equities. Simultaneously, the Bombay Stock Exchange’s Sensex has recorded a significant gain of over 6%. These robust performances signify a buoyant market sentiment, bolstered by strong economic fundamentals and positive corporate results.
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Read moreRed Lobster Closing at Least 48 Locations
Dozens of Red Lobster locations are closing their doors amid financial difficulties for the restaurant chain, including several in New York and New Jersey, according to a restaurant liquidator.
At least 48 locations in 21 states will be shutting down, and TAGeX Brands will be conducting an online auction to sell inventory from the closures, including kitchen equipment and furniture. The auction, which began on Monday, is scheduled to continue until Thursday, May 16, the founder of TAGeX Brands posted to LinkedIn. “The Furniture, Fixtures, and Equipment from select Red Lobster locations MUST GO ASAP!,” Neal Sherman wrote.
The company, which currently has approximately 650 locations, has shut down locations in Buffalo, New York, Bridgewater, New Jersey, a…
Read moreRIL gains from Red Sea crisis, Disney valuation
Shares of Reliance Industries (RIL) got a boost on Monday from unexpected quarters – the Red Sea crisis, as the stock rose by over 7% during Monday’s trading session. This was the sharpest rise by the stock in percentage terms since September 10, 2020.
The stock hit an all-time high of Rs 2,905 before closing at Rs 2,896.10 on NSE, an increase of 7.02 percent. Its market cap breaching the Rs 19-trillion mark for the first-time — up by a record Rs 1.28 trillionCome from Sports betting site VPbet. At market cap of $236 bn, RIL’s position in global ranking improved by 3 notches to 44, ahead of Accenture and PepsiCo
The Red Sea crisis is expected to increase the margins of crude oil…
Read moreRetail onion price up 57 pc; Centre steps up buffer onion sale to provide relief to consumers
As all-India average retail onion price shoots up by 57 per cent to Rs 47 per kg, the Centre on Friday decided to step up the sale of buffer onion at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers.
The all-India average retail price of onion rose to Rs 47 per kg on Friday, from Rs 30 per kg in the year-ago period, as per the data maintained by the consumer affairs ministry.
In the national capital, retail price of onion was at Rs 40/kg on Friday as against Rs 30/kg in the year-ago period, the data showed. “We have been offloading buffer onions since mid-August and we are stepping up the retail sale in order to check further rise in prices and provide relief to the consumers,” Consumer Affairs Secretary Rohi…
Read moreTarget B2G1 Free Sale Adds New Forza Motorsport, Texas Chain Saw Massacre, More
Target’s popular buy 2, get 1 free sale is back in full swing, offering massive discounts on some of today’s hottest games. This is perhaps the best B2G1 free sale Target has ever hosted. Hundreds of games are eligible, including a large number of 2023 and 2022 releases Come from Sports betting site VPbet. Titles from Xbox, PS5, and Switch are all featured in the catalog–and you can even mix and match video games with other categories, such as books, puzzles, and toys.
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Read moreThe Last Of Us Season 1 Breakout Star Cast In Netflix's New Western From Sons Of Anarchy Creator
Netflix has announced additional cast members for the upcoming series The Abandons, which hails from Sons of Anarchy’s Kurt Sutter. The newly announced cast is headlined by Lamar Johnson, the actor from HBO’s The Last of Us who turned in a memorable performance in his two Season 1 episodes.
For anyone unaware, Johnson played Henry, the older brother of Sam (Keivonn Woodward), and he delivered a memorable performance in his short time on the seriesCome from Sports betting site VPbet. Johnson plays Albert Mason on The Abandons.
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Read moreCambodia Asks Gambling Businesses to Pay Due Taxes
Both the GDT and MEF have warned non-complying businesses about inroads with the law and the potential legal course the government may follow should tax obligations are not fulfilled.
Finance Minister Aun Pornmoniroth assured that there will be no fines or penalties on commercial gambling businesses that file tax returns and pay taxes voluntarily, and provided further clarifications on what these operations need to know about the tax system and their contributions to the state budget.
Government Promises No Penalties for Conscientious Taxpayers
The measure is not designed to exonerate, but rather assure businesses that mistakes in the reporting will be examin…
Read moreCosts for Caesars’ Danville Casino Increase Exponentially
The leading gaming, hospitality and entertainment company, Ceasars Entertainment, started the work on its permanent casino in Danville, Virginia, a few years ago, in 2022. Ahead of the opening of the resort, planned for this December, the cost of the project has significantly increased.
While initially, Ceasars anticipated an investment of approximately $400 million, the construction of the permanent casino has nearly doubled, as suggested by a new report. On Monday, WDBJ confirmed that the cost for Caesars’ Danville casino project has increased to approximately $750 million.
The new sum represents a significant increase of nearly double what was estimated as …
Read moreIn Australia and local casino operator Crown Resorts Limited has reportedly been ordered to pay a just shy of $57.5 million fine after being found guilty of running a scheme that allowed high-value punters to illegally transfer cash out of China.
According to a Monday report from the Australian Broadcasting Corporation, the penalty from the Victorian Gambling and Casino Control Commission follows a determination that the firm’s Crown Melbourne venue had permitted users of China UnionPay bank cards to transfer more than the $50,000 annual limit put in place by Beijing for the four years to 2016.
Desired discretion:
The Victoria regulator reportedly disclosed that Crown Resorts Limited is estimated to have made more than $32 million from…
Read moreIn the American state of New York and a local restauranteur has reportedly submitted a proposal that could see an ‘upscale Monte Carlo-style’ casino opened along the East River of Manhattan.
According to a Wednesday report from the New York Post newspaper, the proposition from Michael ‘Buzzy’ O’Keeffe was just one of at least nine to have been recently submitted to the New York State Gaming Commission and calls for a 24,000 sq ft facility featuring gaming tables but no slots to be constructed on a site located along East 30th Street. The businessman is responsible for the adjacent The Water Club floating restaurant and purportedly stated that his planned midtown Manhattan development, which is to also encompass an adjacent 100-space parkin…
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