Jefferies maintains ‘Buy’ on HDFC, sees 24% upside despite lower pre-quarter retail net inflow and overall inflow
Broking firm Jefferies maintained a ‘Buy’ rating on the stock of HDFC Bank with a 24% upside target price of Rs2,100 despite the bank’s pre-quarter lower retail net inflow and overall inflow in the 3QFY24. Come from Sports betting site VPbet
The bank’s pre-quarter retail inflow came in at Rs53,000 crore against the Rs70,000-80,000 crore in the previous quarter or 2QFY24. The overall inflow also came down to Rs40,000 crore from Rs1.1 lakh crore in the previous quarter, the brokerage said in a research report.
Further, the brokerage house said they’ll keep an eye on changes in the liquidity coverage ratio levels and comments from the company’s management during the result on January 16 as the brokerage believes the bank “may have lowered its surplus liquidity”. The liquidity coverage ratio in the 2Q was at 121%.
‘Will crush lake encroachme…
Aadhar Housing Finance to raise Rs 6,000 crore in FY25
Aadhar Housing Finance is planning to raise Rs 6,000 crore in 2024-25. In May, the company mopped up Rs 1,000 crore from the sale of fresh shares.
“We will borrow over Rs 6,000 crore this year. Non-convertible debentures should comprise nearly 20% of overall borrowings,” Rishi Anand, managing director and chief executive officer, said.
Assets under management rose 23% year-on-year (YoY) to Rs 21,100 crore as of March 31. Disbursements rose 20% YoY to Rs 7,100 crore in 2023-24 (April-March).
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IT, FMCG drive markets to new highs
The Sensex surpassed 81,000 points for the first time on Thursday, hitting yet another milestone this year, as buying in defensive sectors helped the 30-stock index rally 1,000 points in just 10 days. The top five Sensex gainers in the last 10 sessions were ITC, Hindustan Unilever, Tata Consultancy Services, Infosys and HCL Technologies.
The Sensex and Nifty rose 0.8% each on Thursday to close at record high levels of 81,343.46 points and 24,800.85 points, respectively. Intraday, Sensex hit 81,522.55 points and the Nifty hit 24,837.75 points.
Chokkalingam G, founder of Equinomics Research said it shows investors’ preference for defensives when the market is on peak.
NBFCs growth to moderate to 13-15% in FY25, says ICRA HAL set to bag another Rs 67,000 cr LCA order, stock zooms 3%, brokerages maintain ‘Buy’ Apple to fix macOS Sequoia flaw that gives hackers access to internal networks: Details inside Paris Olympics 2024: Extreme measures! How Vines…
OYO withdraws DRHP, to refile IPO post refinancing- Sources
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
In preparation for the refinancing, OYO has already moved its application with markets regulator SEBI to withdraw its current draft red herring prospectus (DRHP). The company intends to refile an updated version of the DRHP, after the bond issuance.
Market rally leads to higher regulatory fees for stock exchanges Glenmark Pharma records surge in Q1 profit at Rs 340.27 crore on strong demand, CMD says confident of meeting FY25 objectives India Cements swings to profit with Rs 241 cr one-time gain Biocon Q1 Results: Net profit jumps 14% to Rs 660 crore, revenue up 30% to Rs 4,567 crore …
How Long To Beat Diablo 4 – Mission List And How Many Acts In The Campaign
The Diablo 4 campaign takes you all over the world of Sanctuary. From snow-capped mountains and rolling fields, to fetid marshlands and endless sand dunes, you’re bound to face threats and earn more rewards. Still, you might be wondering what else you can expect from this entire journey. Here’s our guide on how long it takes to beat Diablo 4, as well as details on campaign acts, quests, and characters Come from Sports betting site VPbet. Likewise, please be reminded that this article contains spoilers.
- How Long To Beat Diablo 4
- Diablo 4 Campaign Acts and Quests
- Prologue: Wandering
- Act 1: A Cold and Iron Faith
- Act 2: The Knife Twists Again
- Act 3: The Making of Monsters
- Act 4: A Gathering Storm
- Act 5: Secrets Bar…
- Diablo 4 Campaign Acts and Quests
Overwatch 2 Engineers Are Using New In-House Tech To Make Better Maps
On June 8, software engineer Marco Alamia at Blizzard Entertainment shared a lengthy post describing a new piece of technology that was created in-house and implemented in Overwatch 2.
The new engine called Environment States is aiding developers to create and design appealing mapsCome from Sports betting site VPbet. Lighting artist Fabien Christin was the one who came up with the idea. He explained the purpose of Environment States in the post.
…
Chile accelerating plans to debut a regulated online gaming market
The government of Chile has reportedly announced that it is stepping up efforts to launch a licensed and regulated online gaming market in hopes of being able to amass as much as $55 million in additional annual tax revenues.
According to a source, the revelation from the South American nation’s Under-Secretary of Finance, Alejandro Weber, comes after Chile embarked on an official journey last year towards the legalization of iGaming. The fresh push is now purportedly hoping to introduce measures before the start of 2023 that would regulate activities already widely available to punters located from Putre to Punto Arenas.
Legislative laziness:
Chile is home to almost 17.6 million people while its Superintendencia de Casinos de Juego (SCJ) regulator recently noted that this population can currently access around 900 iGaming sites and platforms featuring a combined market valuation in the region of $150 million. Weber purportedly disclosed that the administration…
Everi Digital to Supply Online Casino Content to Caesars
Supplier of casino content, financial technology and player loyalty solutions Everi Holdings announced that its digital arm, Everi Digital, has signed a content deal with Caesars Sportsbook & Casino.
Comprehensive Portfolio of Titles
The agreement with Caesars Sportsbook & Casino stipulates that Everi Digital will deliver its online casino content via its proprietary Spark Remote Game Server (Spark RSG) which serves as a library for the company’s entire digital gaming catalog.
Matthew Sunderland, senior vice president of iGaming at Caesars Digital, outlined that the partnership with Everi Digital led to the integration into Caesars’ online platform of “even more captivating gaming content” that had proven its popularity among Caesars’ brick-and-mortar casino players.
“… this partnership is a welcomed addition to our digital operation as we continu…
Playson launches August edition of online slots CashDays Tournament with €60,000 prize pool
Malta-based online casino software developer Playson has announced a tantalizing prize pool worth €60,000 by way of the August edition of its wildly popular CashDays tournament that will incorporate 15 of the international brand’s hit slots.
With the weather continuing to heat up this month, it is only appropriate that the slots tournament scene follows suit and this supplier of cutting-edge innovative content does its very best to make August scorching hot for players!
Tournament details:
The famed competition kicks off on August 1st and wraps up on August 8th and will see an incredible €60,000 prize pool up for grabs, with the top-scoring participant walking away with a sizzling €10,000.
To qualify for the…
ASA Condemns Festival Free Bets’ Advertisement Featuring Under-25 Personality
The Advertising Standards Authority (ASA) has reproached Festival Free Bets for an advertisement seen on X (formerly Twitter) on 12 March 2024, featuring Astrid Wett, who was 23 at the time, at Cheltenham racecourse. This ad raised concerns over adherence to UK gambling advertising regulations due to Wett’s age.
Unanswered concerns from Festival Free Bets:
Despite the ASA’s inquiries, Festival Free Bets failed to respond, prompting the ASA to express dismay at their lack of communication and apparent disregard for the Code. Consequently, the ASA concluded that Festival Free Bets violated Cap Code rule 1.7, which stipulates that any unreasonable delay in responding to ASA inquiries constitutes a breach.
Wett admitted her lack of awareness regarding age restrictions outlined in the CAP Code for gambling ads and expressed regret for her inadvertent breach. She clarified that she assumed being over 18 was sufficient for such pr…