Rupee gains on India’s inclusion in JPM bond index


By Gaurang Somaiya

Rupee earlier in the month came under pressure and fell to fresh all-time lows after data showed trade deficit widened to the highest level in 10-months to $24.2 in August as compared to $20.7 billion in the previous month. At the end of the week, there was an announcement that came in from JP Morgan to include India into its emerging market bond indexCome from Sports betting site. The index provider will add the securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024 and will have a weightage of a maximum weight of 10% on the index. The inclusion is likely to prompt flows of close to $30billion thereby lending strength to the rupee. In line with expectation the Federal Reserve held rates unchanged but hinted for one more rate hike in this year. Recent indicators suggest that economic activity has been expandi…

Religare Broking recommends IT and banking sectors as top sectors in May series

By Gaurav Arora 

The May series Nifty futures is currently trading with a premium of around 120 points.

For the Index futures, FII Net Index Long exposure is at 35% which is more or less at around the same levels for quite some time now.Come from Sports betting site

The indices managed to find support around lower levels after a decent profit taking from record highs.

P2P lending platforms to seek relaxation from RBI Using tragedy as content: The ethical fallout of exploiting sensitive events on social media Govt sounds sovereign funds for offloading its stake in Vi SFIO looking into low investor claims in Sahara case: Sitharaman

Going forward, we believe, 21700-800 might be the major support and only a decisive close below it might bring in some downside. 

Also Read

PSP Projects to raise Rs 244 crore via QIP; sets floor pric…

Take-Two Hints At Late 2024 Or Early 2025 Release For GTA 6

Take-Two’s latest earnings report only has the barest direct mention of Grand Theft Auto 6, which says that active development is “well underway” on GTA 6–the same wording Rockstar used when it announced the game over a year ago. CEO Strauss Zelnick has dropped a hint that the company will be releasing something major in the 2025 fiscal year, however, which seems likely to be the highly anticipated GTA sequel.

It’s clear from Take Two’s forecasting that GTA 6 won’t be released within the 2024 fiscal year, which ends on March 31 2024–though it was already unlikely that we would see the game that early. Take-Two CEO Strauss Zelnick instead hinted that the 2025 fiscal year, which runs from April 2024 to March 2025, would have a “a significant inflection point…which we believe will include new record levels of operating performance.” It’s highly likely that the inflection point refers to Grand Theft Auto 6’s release, as one of the most-anticipated games currently known to be i…

The GMMK Pro Is A Custom Keyboard Kit For The Mainstream, And It's On Sale Soon

PC peripherals brand Glorious has been around for a while, launching numerous great mice, keyboards, wrist rests, and more. But none of its products have been as eye-catching as its GMMK Pro keyboard–a new product that aims to make getting your hands on a custom keyboard kit easier while also opening the hobby to a much larger audience.

Custom keyboards have been an expensive and relatively small hobby for a while, but recently the scene has seen an explosion of interest. This doesn’t mean many of the components you need to make your own board are easy to get. Many kits, like the one Glorious is selling with the GMMK Pro, can usually only be purchased through extended group buys or in limited-quantity sales, meaning you’re either going to need to get lucky or have a lot of patience to get one.

The GMMK Pro aims to change that while also being a compelling option at its price point. Glorious ran its own pre-sale period for this keyboard earlier this year, but starting Ju…

BGaming Expands into Bulgaria with Inbet Partnership

BGaming has successfully ventured into the regulated Bulgarian market through a strategic partnership with leading operator Inbet. This collaboration marks a significant milestone for BGaming as it integrates its entire gaming portfolio, including popular titles such as Bonanza BillionElvis Frog in Vegas, and Wild Cash, with Inbet’s platform. The move follows BGaming’s sustained success in nearby markets like Romania and Serbia.

Integration with Inbet’s platform:

Inbet, one of Bulgaria’s largest online casinos, offers over 3,300 games from more than 40 top providers. With the integration of BGaming’s collection, Inbet’s extensive catalogue now features an additional 150+ highly engaging games. This partnership is set to enhance Inbet’s offerings and provide a broader range of gaming experiences to its users.

BGaming’s expansion in Europe:

This latest partnership underscores BGaming’…

Crown’s Claim of Financial Hardship Questioned by Federal Court

In a recent development, Federal Court Justice Michael Lee has raised doubts about Crown’s assertion that it cannot afford to pay the AUD450 million ($301 million) fine imposed by AUSTRAC in a single payment. The fine was levied against the casino giant for numerous breaches of anti-money laundering and counter-terrorism laws.

Justice Lee Questions Crown’s Financial Predicament in Landmark Court Proceedings

During the court proceedings, Justice Lee emphasized that the penalty was already at the lower end of what would be considered an appropriate punishment for the company’s “absolutely egregious” misconduct, reported the Australian Financial Review. Crown’s suggestion to pay the fine over a two-year period would reduce its net present value to AUD406 mil…

Playable Factory Company launches mobile-friendly H5 Games service

Turkish marketing technologies provider Playable Factory Company has announced its premiere of the creative H5 Games service for partners that may be looking to bring their online casino games to mobile-friendly platforms.

The Istanbul-headquartered firm used an official Wednesday press release published by European Gaming Media and Events to detail that the new HTML5-friendly advance has been designed to give games developed using the Unity platform a new life on services such as TikTok.

Evolving environment:

Playable Factory Company explained that the launch of its H5 Games enterprise comes after the introduction of app tracking transparency functionalities from American telecommunications technology giant Apple Incorporated led many mobile studios and publishers to begin seeking additional revenue streams away from the traditional Google Play and the Apple App Store services. However, the innovator stated that this process ‘has been f…

Petersburg City Council Greenlights The Cordish Companies Massive Project

Bruce Smith Enterprise and The Cordish Companies secured major approval for their proposed $1.4 billion dollar project, Live! Gaming & Entertainment District. The massive mixed-entertainment project is planned to be located in the City of Petersburg, Virginia, using land near the intersection of Wagner Road and Interstate I-95. The strategic location is expected to help with the visitation to the Live! Gaming & Entertainment District, considering that it provides easy access to one of the most important north-south interstates for the East Coast.

On Thursday, the Cordish Companies and Brice Smith Enterprise received approval for their massive project from the Petersburg City Council. The unanimous approval marks an important achievement for the duo, taking them a step closer to the realization of the ambitious project. Still, prior to commencing the project, the matter…