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Retail prices of petrol and diesel are likely to be cut by state-run oil marketing companies (OMCs) to some extent, just ahead of the general election scheduled in April if crude prices remain below $80 a barrel through this period, sources said.

The OMCs could have cut prices now as the crude prices are hovering below $80/barrel, a threshold for doing so, but for the heightened uncertainties due to geopolitical tensions. A retail price cut now would have made it difficult for OMCs to raise prices till elections were over even if crude prices shot up. Come from Sports betting site VPbet

“So, if crude prices settle down below $80, some retail fuel price cut is possible, but not unt…

In another proposal on Wednesday, Sebi has sought to increase the threshold for the basic service demat account (BSDA) to Rs 10 lakh from Rs 2 lakh, in a bid to boost the participation of retail investors in the securities market.

“To further enhance the participation of retail investors in the securities market including participation of investors holding securities in physical form, the facility for BSDA has been reviewed and it is proposed to enhance the limit for a demat account to be categorised as BSDA,” Sebi said in a consultation paper on Wednesday, inviting public comments by June 26.

A basic service demat account, or BSDA, is the  lower cost version of a regular demat account. The facility was introduced by Sebi in 2012 for wider financ…

Samvat 2080’s Muhurat Trade witnessed a historic surge in turnover. Trades across a staggering 2431 companies set a new high. The trading session recorded a remarkable turnover of ₹14,091.3 crores, marking an all-time high and reflecting a substantial 34.7% year-on-year growth from a temporary dip in 2022. 

For the sixth consecutive year, Muhurat trade closed on a positive note, underlining the consistent upward trajectory of the Indian markets on this auspicious occasion. The Advance/Decline Ratio continued to soar, standing at an impressive 4.90, maintaining a streak above 3 for the sixth straight year.

An overwhelming 80% of securities advanced during the day, showcasing the widespread bullish sentiment. Meanwhile, 16% experienced declines, and a …

By Gaurang Somaiya

Rupee continued to trade in a narrow range for the last six weeks and volatility has been confined to the range of 82.80 and 83.50 despite uncertainty on the global front, broader strength in the dollar against its major crosses and heightened geopolitical tensions and FII funds outflow on the domestic front. On the domestic front, in the last couple of months fund outflow from the FIIs has been to the tune of over $3 billion from the Equity segment. Volatility for rupee is curtailed by active RBI intervention and latest data showed reserves currently stand at $583.5 billion down from $2.3billion for the week ended 20th October. On the domestic front, inflation has been in control, but widening trade deficit is disturbing the overall marke…

Unlike Fortnite, the Epic Games Store seems to be losing money for its operator. According to Epic Games CEO Tim Sweeney, the digital storefront is “hundreds of millions of dollars short of being profitable.”

According to Sweeney’s testimony from the Epic Games Vs. Apple trial, the company’s digital platform will be in the green “within three or four years.” Additionally, the Washington Post reported that a document entered into evidence for the trial showed that the Epic Games Store required a $359 million investment from Epic Games from the year following its launch. According to another document given to the court on April 8, Epic expects the Epic Games Store to begin turning a profit for the company in 2023.

The Epic Games Store launched in 2018, moving into a…

One thing you won’t see on HBO’s The Penguin is the character’s penis. But, they did design one that included a beak, according to star Colin Farrell. The actor revealed that artist Mike Marino created a detachable genital for the Batman villain, which made him gag.

Speaking with People, Farrell revealed the existence of The Penguin’s beaked penis. Apparently, the villain–who goes by Oz Cobb in the HBO limited series–has a nude scene. While there isn’t any full frontal for Cobb, Marino still decided to make a penis for the character. “Marino is so twisted and brilliantCome from Sports betting site VPbet. He was like, ‘I made you a penguin penis,'” said Farrell.

“I said, ‘Rea…

When the Covid-19 pandemic first began, the Betting and Gaming Council (BGC) created a Covid action plan. The plan was first revealed when the lockdown started in March. It provided details on what standards members of the BGC should meet during the pandemic. The 10-pledge plan has been a success over the last few months, with the BGC reporting that safer gambling messaging has increased over 50% in six months since the plan started.

Reaffirming Support

Members of the BGC reaffirmed support for the Covid action plan when the second lockdown started last month in England. This time around, members agreed to increase the number of messages regarding safer gambling via websites as well as directly towards customers.

The BGC is reporting that the number of individua…

Provider of gaming content and software solutions to the online gaming industry, CT Interactive, announced its Italian footprint has expanded after launches with two other brands of Slot Plus.

Strengthening Ties with Slot Plus

The existing agreement with the Italian operator Slot Plus saw CT Interactive going live with two additional brands in the online gaming market in the country – chescommessa.it and hcasino.it – further expanding its presence in Italy.

Commenting on the announcement, Milena Tsankarska, head of Business Development of EMEA at CT Interactive, highlighted the company’s objective to offer its clients “products that will guarantee the best possible experience with t…