By Nagaraj Shetti
After showing a range bound action with weak bias in the last few sessions, Nifty witnessed a sustainable upside bounce from the lows on Wednesday and closed the day with gains of 51 points. The opening downside gap has been filled completely.
A long bull candle was formed on the daily chart with a long lower shadow. Technically, this market action is indicating a formation of a bullish engulfing pattern Come from Sports betting site VPbet . Normally such bullish engulfing patterns after a reasonable decline or near the support signal chances of upside bounce in the underlying post confirmation.
Nifty Rejig: Tre…
PMS schemes, typically utilized by High Net Worth Individuals (HNIs) to invest their surplus capital, managed to deliver impressive returns of up to 18% in May, even as the Nifty50 TRI index remained flat ahead of the election results this month.
According to data from the PMSBazaar database, Unifi Capital’s HoldCo fund, which focuses on investing in listed holding companies across various industries, emerged as the top performer with a remarkable return of 17.88% last month.
ASK Lighthouse Portfolio also saw significant gains, achieving an 8.85% return in May Come from Sports betting site VPbet . Other notable performers in the monthly list included Moat Financial, Shree Rama Managers, Maximal Capit…
Tupperware Brands Corp. filed for bankruptcy following a years-long struggle with sales declines and growing competition.
Publicly-traded Tupperware filed for Chapter 11 bankruptcy protection, listing assets of between $500 million to $1 billion and liabilities of $1 billion to $10 billion, according to its court filing. The company will seek court approval to facilitate a sale process of the business and to continue operating during bankruptcy proceedings, it said in a separate statement.
The kitchenware company, which for decades dominated the world of food storage, since 2020 had warned of doubt in its ability to stay in business. As of June of this year, it planned to close its only U.S. factory and lay off almost 150 employees.
The bankruptcy filing…
TIME has published its second annual list of the World’s Best Companies, in partnership with Statista, a leading international provider of market and consumer data and rankings. The result of this quantitative study: 1,000 companies forging the path into the future. Here’s how the winners were selected.
Methodology
The research project “World’s Best Companies 2024” is a comprehensive analysis conducted to identify the top performing companies across the globe. The study was based on three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability Transparency (ESG).
The first dimension, Employee Satisfaction, was evaluated using survey data from employees worldwide. The surveys were conducted in over 50 countries with data collected from approxim…
Event organizers Penny Arcade and Reed Exhibitions confirmed that PAX West will return as a physical in-person event from September 3-6. One piece of safety precaution appears to be missing from the event, however, and it’s a big one.
The organizers said in a press release that PAX West 2021 will “adhere to detailed health and safety guidelines,” which are said to be revealed before the September show takes placeCome from Sports betting site VPbet. Meanwhile, event coordinators are “working with venue officials, local governments, and health authorities to determine [total] capacity, which will be reduced, and ensure a safe setting.”
However, one measure not being taken, apparently, is a vaccine requirement. …
After a six-month period of direct administration by Macau gaming licensee, SJM Resorts Ltd., a subsidiary of Hong Kong-based SJM Holdings Ltd., Emperor Entertainment Hotel’s subsidiary, Tin Hou Ltd. based in Hong Kong, has signed a lucrative three-year agreement with SJM Resorts Ltd. to take over the management of the Grand Emperor Hotel, a Macau satellite casino. The agreement officially began on January 1st, 2023.
However, SJM has shown an indirect interest in the Emperor Entertainment Hotel as well!
New deal:
Under the terms of the agreement, Tin Hou will “provide services to SJM in relation to the casino to be operated under SJM’s gaming concession.”
The Grand Emperor Hotel will relaunch its operations as a satellite casino…
British land-based and online sportsbook operator Entain has reportedly expressed an interest in buying at least some of the non-American assets of William Hill following this brand’s recent purchase by casino giant Caesars Entertainment Incorporated.
According to a report from the Bloomberg news service, the curiosity from the Isle of Man-based firm comes just months after it was itself the subject of an unsolicited $11 billion takeover approach from MGM Resorts International. This proposition for the operator previously known as GVC Holdings was subsequently rebuffed after the American casino behemoth purportedly refused to increase its initial bid.
American attention:
Las Vegas-headquartered Caesars Entertainment Incorporated reportedly finaliz…
Digital entertainment company, Playtika Holding Corp. (NASDAQ: PLTK), will reportedly acquire fellow Israel-based company Innplay Labs for as much as $300 million (£241.4m/€281.5m), having entered into a definitive agreement.
Per Form 8-K posted by Playtika on Sept. 14, 2023: Playtika Limited agreed to purchase from the Sellers, and the Sellers agreed to sell to Playtika Limited, all of the issued and outstanding share capital of InnPlay (the “Transaction”) for an aggregate purchase price equal to (i) $80,000,000, payable at the Closing, subject to certain post-closing adjustments, plus (ii) earnout payments of up to $220,000,000, the amounts of which will be based on certain gross revenue growth perform…