US ruling opens way for states-wide sports betting

US ruling opens way for states-wide sports betting

Image copyright Getty Images The US Supreme Court has made a landmark ruling that could allow states across the country to legalise sports betting. It has endorsed a 2014 state ruling in New Jersey which permits sports betting in casinos...
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Bad loans mess: Public sector banks’ NPAs soar 1.5 times to Rs 6.89 lakh crore over two years

Bad loans mess: Public sector banks’ NPAs soar 1.5 times to Rs 6.89 lakh crore over two years

By Bhasker Tripathi New Delhi:  Indian public sector banks’ (PSB) bad loans soared 1.5 times, from Rs 2.67 lakh crore ($39.99 billion) on 31 March, 2015, to Rs 6.89 lakh crore ($103.21 billion) – an amount that could electrify half...
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Modi government on track to deliver promises, feel 56% respondents: Survey

Modi government on track to deliver promises, feel 56% respondents: Survey

According to a survey conducted by community social media platform LocalCircles, 56 percent people believe that Modi government has done well over the past four years in power, TOI reported. 75 percent of the respondents who took part in the...
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Jim Ratcliffe: Turning cast-offs into gold

Jim Ratcliffe: Turning cast-offs into gold

Image copyright Getty Images Jim Ratcliffe may once have been called Dr No by trade unions for his tough negotiating stance, but the UK’s richest man is a champion of the unloved. Through buying up and turning around the cast-off...
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UAE’s ADNOC plans further downstream expansion – CEO

UAE’s ADNOC plans further downstream expansion – CEO

By Rania El Gamal ABU DHABI (Reuters) – Abu Dhabi National Oil Co. plans to double its refining capacity and triple petrochemicals output potential by 2025, as the state energy firm focuses more on downstream expansion to be on par...
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Royal wedding sales lift to be ‘limited’

Royal wedding sales lift to be ‘limited’

Image copyright Getty Images Image caption Prince Harry and Meghan Markle announced their engagement in November Prince Harry’s wedding to Meghan Markle may have bells ringing but it won’t keep UK tills ringing, an economic forecasting group has fo...
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Poundworld ‘put up for sale’ after expressions of interest

Poundworld ‘put up for sale’ after expressions of interest

Image copyright Getty Images Image caption Poundworld employs about 5,500 staff in the UK Discount retailer Poundworld has been put up for sale by its owner, private equity firm TPG, the BBC understands. The chain had been looking at closing...
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Flipkart-Walmart $16-billion deal: Post-initial celebrations, both firms may have to face many tax hurdles

Flipkart-Walmart $16-billion deal: Post-initial celebrations, both firms may have to face many tax hurdles

The official announcement by Walmart Inc of acquisition of the e-commerce giant Flipkart has sent ripples across the e-commerce sector. The e-commerce companies, especially in India, are now faced with a greater challenge to deal with the combined synergies of...
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Crop insurance: Foreign reinsurers need to step in

Crop insurance: Foreign reinsurers need to step in

Pradhan Mantri Fasal Bima Yojana (PMFBY), the crop insurance scheme launched by the government two years ago, has helped in premium generation for both private sector as well as public sector general insurers. But there is problem. Foreign reinsurance companie...
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High stakes for fixed-odds betting machines

High stakes for fixed-odds betting machines

Image copyright PA The government is set to unveil a shake-up of fixed-odds betting terminals (FOBTs) shortly, gaming machines that exist in thousands of bookmakers across the UK. Critics call them the “crack cocaine” of the betting world. The indu...
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