Moody’s revises outlook on Adani Group companies to ‘Stable’ from ‘Negative’

Moody’s Investor Group announced on February 13 that it has revised the outlook on debt papers for four Adani Group companies, shifting from negative to stable Come from Sports betting site VPbet . Simultaneously, the rating agency maintained a stable outlook for the remaining four companies and affirmed the ratings for all eight entities within the conglomerate.

This move by Moody’s follows weeks after S&P Global Ratings upgraded the credit outlook for Adani Ports and Adani Electricity to ‘stable’ from ‘negative.’ In February 2023, Moody’s initially revised the outlook on four Adani Group companies to negative due to concerns over their access to capita…

Cement stocks surge 3% after Rs 15 per bag price hike

Cement stocks experienced significant gains today as reports surfaced indicating that major cement companies have initiated price hikes averaging between Rs 10-15 per bag across the country. 

Key players such as UltraTech Cement, Shree Cements, Ambuja Cements, ACC, and Dalmia Bharat traded with gains ranging between one to three percent on the intra-day trade on Wednesday April 3, 2024. 

According to industry sources, cement companies in various regions have announced varying price increases, ranging from Rs 10-15 per bag in the north to a substantial Rs 40 per bag in the central and eastern regions. 

Inflation calculator: What will be the value of Rs 1 crore after 10, 20, 30 years ‘Ek rahenge to nek rahenge’: CM Yogi Adityanath urges uni…

Sebi bans agri-investment platform Growpital from collecting money from investors

Cracking the whip on unauthorised investment schemes by an agricultural investment platform, Sebi has barred Farm Tech Silo LLP, also known as Growpital, related entities and their directors from collecting money from investors and prohibited them from the securities market till further directions.

Also, they have been directed to “cease and desist” from floating any collective investment scheme (CIS) directly or indirectly in any manner. Additionally, they have been stopped from collecting money from partners or investors through existing schemes.

These directions will be in force until further orders, the Securities and Exchange Board of India (Sebi) said in an interim order passed on Monday. In its probe, the regulator found that Growpital is a pla…

RIL can add up to $100 billion in market cap- Morgan Stanley

Morgan Stanley believes Reliance Industries can add up to $100 billion to its market capitalisation in its fourth monetisation cycle with the help of new stream of cash flows and valuation multiples catching up, a Bloomberg report said, citing a note by Morgan Stanley.

In the last nearly 3 decades, RIL has delivered 2-3x value creation for shareholders, with each decade seeing more than $60 billion in market cap creation.

The global broking firm, which has an ‘overweight’ rating on the stock, raised its target price from Rs 3,046 per share to Rs 3,540. This indicates an over 13% upside in the stock from its current price of Rs 3,120.35.

Market rally leads to higher regulatory fees for stock exchanges Senior Citizens Savings Scheme: You can earn Rs 61,50…

Stellar Blade Dev Is Considering A PC Port And Sequel

Stellar Blade developer Shift Up is currently considering a PC port of the game, as well as a sequel.

According to a public offering filing on the Korea Composite Stock Price Index (translated by Gematsu), Shift Up mentions the potential of AAA console games like God of War and Final Fantasy. The developer says that these AAA games can evolve into franchises through a series of high-quality sequels, and as a result, are exploring the possibility of porting Stellar Blade to PC and exploring a sequel. Shift Up also once again mentions that Stellar Blade will receive more post-launch updates and DLC.

The developer is working on a new project as too, called Project Witches Come from Sports betting site VPbet

The Office Is Getting Remade, But Not In The US

For years, rumors have swirled about The Office getting remade or rebooted–and now it’s officially happening. This might not be the remake you were waiting for, however.

An Australian version of The Office, officially endorsed by series creator Ricky Gervais, has been ordered to series for Prime Video, according to Variety. Australian comedian Felicity Ward will play the lead character, Hannah Howard, on the show, which is called The Office Australia.

Howard is the boss of the packaging company Flinley Craddick. The British version of The Office starred Gervais as a paper company boss named David Brent. For the American version, Steve Carrell famously portrayed Dundler Mifflin boss Michael Scott.Come from

Blueprint Gaming Releases Fishin’ Frenzy Christmas for Ultimate Festive Player Experience

In-demand game development studio Blueprint Gaming has launched the Fishin’ Frenzy Christmas slot game in time for the ultimate festive experience. In the latest release, the popular studio uses its typical characters and the abundance of features as an homage to the holiday season and provides a flagship product easily recognizable in the bunch of Christmas-themed slot games.

Festive Gaming Crescendo:

Bearing this in mind, it seems that the increasingly popular developer has waited for the competition to empty their gaming arsenal ahead of the holidays to invite the players for an ultimate Christmas-themed experience. As Blueprint Gaming‘s latest slot represents a festive installment of the popular slot series, the provider uses familiar settings a…

Bally’s Bidding for New Casino in Bronx on Trump Organization Land

Bally’s, one of the American gaming giants, is willing to expand even further across the States. The company hopes its newest facility will be opened next to the public golf course at Ferry Point, which belongs to the Trump Organization.

The casino on Trump Organization’s property:

The organization might assign 17 acres of the 300 in total for the new casino. The ownership of the land is shared by the city and the real estate company that belongs to Donald …

Kindred Group hosting today’s Sustainable Gambling Conference

Prominent iGaming operator Kindred Group has announced that it is currently hosting the Sustainable Gambling Conference for a sixth consecutive year featuring a particular focus on how firms can implement safer and more responsible gambling practices.

The Swedish firm used an official press release to detail that the virtual event is currently taking place via the domain at SustainableGambling.com featuring the Safer Gambling: A Shared Responsibility tag-line. The operator moreover stated that the online discussion is seeking to bring together ‘experts from inside and outside of the industry’ to discuss the crucial element of determining how firms may ‘offer a thrilling gambling experience that is also safe and responsible.’

Admired auth…

Peninsula Pacific Entertainment ordered to sell Louisiana casino license

The gaming regulator for the southern American state of Louisiana has reportedly ordered Peninsula Pacific Entertainment to sell off its dormant land-based casino license within 60 days or risk having the certification unilaterally taken away.

According to a Thursday report from The Advocate newspaper, the Virginia-based firm received the license in 2016 at the same time as purchasing the jurisdiction’s now-shuttered DiamondJacks Casino Hotel riverboat venue. Wary of a crowded local market, the operator purportedly later sought permission to relocate this gambling-friendly enterprise some 300 miles southeast to a new development it was looking to build in the small coastal city of Slidell.

Foiled future:

However, voters in the destinat…