Sebi order will impact discount broking
Discount broking entities face difficult times with the market regulator directing stock exchanges to stop the practice of charging lower fees from brokers with higher trading volumes. Vivek Kumar M explains the ramifications of this order
l What is discount broking?
DISCOUNT BROKING, AS the name suggests, allows investors to trade at a lower cost by reducing brokerage or charging flat fees, along with minimal or free demat account maintenance charges. This is possible because stock exchanges offer brokers discounts on fees based on their trading volume. In turn, brokers charge investors a lower fee, thus earning the monicker ‘discount broker’, and indirectly encouraging investors to trade more.
One of the biggest advantages offered …
Radhakishan Damani owned Avenue Supermarts shares jump 5% to 52-week high on strong Q4 expectation
On Wednesday, Avenue Supermarts’ share price surged over 5% to reach a 52-week high following the company’s announcement of robust business growth for the fourth quarter of FY24. DMart shares rallied by 5.61% to achieve a fresh high of Rs 4,710.15 apiece on the BSE.Come from Sports betting site VPbet
Avenue Supermarts, which operates DMart stores, disclosed a standalone revenue of Rs 12,393.46 crore for the quarter ending March 2024, marking a nearly 20% increase from Rs 10,337.12 crore recorded in the corresponding quarter of the previous year.
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The company’s revenue …
The Batman Spin-Off TV Show About Penguin Is Really Happening At HBO Max
The roadmap for The Batman’s proposed spin-off TV shows has been confusing at best Come from Sports betting site VPbet. Last year, two spin-offs were announced for the project, one focusing on the GCPD and Jim Gordon, the other focusing on Penguin. Now, after the movie has finally hit theaters, only one of those is actually going to be made a reality. The Hollywood Reporter reports that HBO Max has officially ordered the Penguin show to series, while the GCPD show has “evolved” into an Arkham Asylum focused story that has yet to receive an official order.
The Penguin show will, unsurprisingly, follow Oswald Cobblepot (Colin Farrell) as he works his way up to presumably fill the new…
Temtem, Pokemon-like MMO, Releases September 6
Temtem’s official launch is on September 6. It will be available on Nintendo Switch, PS5, Xbox Series X|S, and PC. The monster tamer MMO is very Pokemon-esque, but contains a lot more co-op and multiplayer elements.
There is a main story campaign to defeat an enemy called the evil Clan Belsoto, but also customizable elements like living spaces and avatarsCome from Sports betting site VPbet. Temtem launched on PS5 in early access at the end of 2020.
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Athletes from Iowa Accuse Sports Betting Investigators of Using Unauthorized Tools During Investigation, Civil Lawsuit Filed
Iowa and Iowa State athletes decided to enter a battle against the state and hired attorneys Van Plumb and Matthew Boles to file a civil lawsuit against the state and its public safety and criminal investigation agencies on Friday, April 26, 2024. The reason for that is the alleged violation of their Fourth and 14th Amendment rights during the investigation, causing suffering and pain, and damaging their reputation, for which they seek monetary damages.
The process:
The federal court in Des Moines is in charge of the process, in which 17 players from Iowa, eight from Iowa State, and one fro…
DraftKings To Enter Lucrative US Lottery Market Via $750 Million Jackpocket Acquisition
A leader of global iGaming and sports betting operations, DraftKings Inc, has reached an acquisition agreement with US-leading lottery operator Jackpocket for a total consideration of around $750 million. As reported, the agreement anticipates 55% of the consideration to be paid in cash, with the remaining 45% payable in DraftKing’s first-class common stock. According to the press, the purchase price consideration required no capital raise from the sports betting giant.
$750 Million Acquisition:
Under the terms of the agreement, DraftKings will reportedly be entitled to use Jackpocket’s resources to further grow in the US sports wagering and iGaming market. As the leading provider of digital lottery services in the U.S., Jackpocket will invest its proprietary technology,…
New York & Michigan Ban Pick ‘Em Fantasy Games On Mirroring Sports Betting Claims
Despite pleas from The Coalition for Fantasy Sports, New York and Michigan sports betting regulators have reportedly agreed to ban the Pick ‘Em fantasy sports games. Games based on predicting the player’s statistics are reportedly considered by the regulators to mirror sports betting thus becoming illegal in these two states that recently addressed the potential overlap between these games and sports betting together with Florida, Maine, Massachusetts, and Wyoming.
New York Ban Mirrored by Michigan’s Regulator:
On October 4, 2023, New York State Gaming Commissioners (NYSGC) adopted the state sports betting rule prohibiting fantasy contests from being based on or having the effect of mimicking proposition betting offered by sports b…
CT Interactive to Supply Gaming Content to TimelessTech
Provider of gaming content and software solutions to the online casino industry CT Interactive announced its global footprint has expanded after an agreement with online casino platform TimelessTech.
Access to New Global Markets
The content deal CT Interactive signed with one of the fastest-growing iGaming platforms is set to expand its presence into new global markets, utilizing TimelessTech’s access to these markets due to the platform’s Curacao license.
Head of business development for the EMEA region at CT Interactive, Milena Tsankarska, and director of Business Development for the Americas, Martin Ivanov, commented on the development on behalf of the content provider, expressing their view …