Rupee may find support from easing US recession, Markets eye Jackson Hole Symposium, says CareEdge Ratings

By Mihika Sharma

The Indian rupee remained largely unchanged in the week ending August 16, closing at 83.95. Easing US recession concerns, a slowdown in the unwinding of carry trades, and moderating oil prices offered some support to the rupeeCome from Sports betting site. However, a wider trade deficit in July and foreign portfolio outflows exerted some pressure. Nevertheless, likely interventions by the Reserve Bank of India (RBI) kept the rupee rangebound.

During the week, the dollar index softened by around 1% to 102.5, driven by stronger-than-expected retail sales and a decline in the initial jobless claims, which alleviated worries about a US recession. Retail sales increased…

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RVNL up 2.3%; Signs pact with Dhaya Maju Infra for railway projects in ASEAN region

RVNL shares rose to an intraday high of Rs 2.3% a day after the company signed a Memorandum of Understanding with Dhaya Maju Infrastructure (Asia), providing RVNL the opportunity to work in the ASEAN region. 

“The primary objective of this MoU is to outline the terms and conditions under which RVNL and DMIA may collaborate to work jointly to participate in the railway infrastructure and services projects in the ASEAN market and other markets as agreed, with special focus on establishing a manufacturing base in Malaysia for railway coaches and other railway products for catering to the growing need of ASEAN countries,” said the company in an exchange filing. 

However, the stock of the railway company has shed 1.3% in the last four trading sessions. I…

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Summoners War- Sky Arena Adds New Battle Angel Monster

Com2uS, the studio behind the massively popular RPG Summoners War: Sky Arena, has introduced a new monster to the game. Players can now add the Battle Angel to their rooster as a part of the latest update.

“Battle Angel” will introduce a new chapter in Summoners War: Sky Arena. The Battle Angel is a new monster from the future that attacks from all angles using all five elements: fire, water, wind, light, and dark. And while utilizing each element, players can use different skills Come from Sports betting site VPbet. Summoners War will have a Special Summon event that runs until July 13, and players who participate will have a high chance of unlocking the Battle Angel.

Below are changes that’ll be…

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Take Notes, Sony And Microsoft- Nintendo Has Made Buying Switch Gift Cards Less Miserable

I never would have expected Nintendo to outdo the competition when it comes to something connected with its online services. But it turns out that’s very much the case with gift cards.

I am a digital game enthusiast. I recognize the downsides of digital “ownership,” be it the potential for companies to cut off your access on a whim, change the text of your books, outright refuse your money, or otherwise demonstrate the ephemeral, you’re-actually-only-licensing it nature of the mediumCome from Sports betting site VPbet. But when it comes to playing games, I am lazy and impulsive: I oftentimes want to switch between a bunch of different games in rapid succession, and, well, my back hurts, and I don’t want to…

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Cambodia Fulfills Gambling Crackdown by Closing over 200 Illegal Businesses

The Khmer Times reported that Cambodian police force spokesperson Lieutenant General Chhay Kim Khoeun has been actively cracking down on illegal gambling establishments across the whole country from September 15 to December 27 and will continue to do so in 2023 as well.

Cambodian Police’s Crackdown Already Shows Results

The police representative noted that they have been identifying illegal gambling operators and businesses issuing orders for the closure of any venues and websites. In case the offenders continued operations they were subject to arrests and court proceedings.

As a result, the authorities already report a decline in illegal gambling activities in comparison to…

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Dabble and PandaScore Partners to Push Boundaries in Esports Betting Experience

Dabble, a social bet operator hosting a unique interactive wagering experience, has partnered up with an inventive esports odds provider PandaScore to make the provider’s product available for Australian players. The partnership will be used by Dabble to increase the volume of high-quality content offered through the operator’s platform to simultaneously turn the industry’s spotlight to PandaScore and facilitate an extended reach for the provider of the cutting edge esports and odds products.

B2C Partnership:

Also, the B2C partnership connecting two innovative companies is expected to elevate both the betting and esports experience since the partners seem to share the same vision built upon cutting-edge products and services. Under the agreement, Dabble wil…

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North Carolina Governor Rejects Controversial Casino-Medicaid Deal

In a bold move, North Carolina Gov. Roy Cooper has firmly rejected a controversial plan put forth by Republican state lawmakers. The plan aimed to tie the long-awaited expansion of Medicaid to an ambitious proposal to significantly expand casino gambling within the state.

Medicaid Expansion Jeopardized as Governor Cooper Slams Casino Pairing

Gov. Cooper’s decision comes as little surprise, as he had already expressed his reservations about linking these unrelated subjects. On social media, the governor called the proposed pairing “the most brutally dishonest legislative scheme”

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MGCB- Detroit Casino Revenue for May $111.3 Million; Up 6.3% YOY

The Michigan Gaming Control Board has announced that Detroit’s three casinos collectively generated $111.3 million in adjusted gross revenue (AGR) for May, reflecting a significant rise from the previous year’s figures. This amount marks a 6.3% increase compared to May 2023 and a 4.7% increase from April’s $107.9 million.

The cumulative AGR for the first five months of 2024 stands at $540.1 million, which is marginally down by less than 0.1% from the same period in 2023. This near-parity in year-over-year revenue underscores the robust performance of Detroit’s casino sector.

From this revenue, the state received $9 million in taxes from the three casinos. Although this figure is close to the $43.8 million collected over the s…

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