Racing Financial News

Central Goods and Services Tax Act to pave the way for implementation of the 28% GST on online gaming, casinos, and horse racing, people familiar with the developments told ET. The government has a limited window to get the bill passed in both houses of parliament due to the ongoing discussion on the no-confidence motion in the Lok Sabha. States will separately need to amend their respective state GST Acts for the new regime to roll out from October 1.

WASHINGTON (Reuters) -Fox Business will hold the second debate of the 2024 Republican presidential contest, the Republican National Committee said on on Wednesday, making the conservative Fox outlets hosts of the party's first two debates.

The NSW gambling regulator has contacted the Sydney Swans to express its concerns about a newly launched betting podcast by one of the club’s star players.

HT, three additional de-orbiting manoeuvres are planned to adjust the trajectory of the spacecraft, effectively bringing Vikram, the lander component of Chandrayaan-3, into closer proximity to the Moon. The purpose of these manoeuvres is to ensure that Vikram successfully touches down on the lunar surface on August 23rd. These de-orbiting manoeuvres are scheduled for August 9, August 14, and August 16.

White House on Wednesday will detail its plans to prohibit some USA investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. The plans are aimed at preventing USA capital and expertise from helping develop technologies that could support China's military modernization and threaten USA national security. Reuters reported on Friday that President Joe Biden was expected to issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The senior government source said that the order is expected Wednesday. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on USA investment in China will be narrowly targeted.

By Joseph Ax

By Jody Godoy

Maruti Suzuki emerged as the largest seller of sport utility vehicles (SUVs) in the local market last month with three of the company's new launches — Fronx, Brezza and Grand Vitara — featuring among the top 10 models sold in the segment in July. The country's largest passenger vehicle maker raced ahead of home grown automaker Mahindra & Mahindra in the fast-growing segment with sales of 42,620 units last month. Mahindra sold 36,205 units, while Hyundai Motor India was next at 32,991 units.

Might India’s lunar landing, expected on or around 23 August as the first ever to be done near the Moon’s south pole, be upstaged by a Russian Luna-25 lander reported to be in countdown mode for a Friday launch? Our Chandrayaan-3 mission saw a successful liftoff on 14 July. Having leapt from Earth’s orbit to the Moon’s more than four weeks later, its Vikram lander is scheduled to touch down in a challenging spot picked for its rich potential of secrets that scientists could uncover.

MUMBAI : Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back all shares from the company’s existing investors, Bain Capital LP, Advent International LP, and GIC Re and extinguish them. Alongside, founder Ajit Prabhu will bring in additional funds to increase his stake.

Nirmala Sitharaman on Tuesday informed the Rajya Sabha in response to a question that it is anticipated that the levy of 28% GST on full face value of bets, as recommended by the 50th GST Council meeting, will result in increase of revenue from current levels. The minister informed that casinos are currently paying 28% GST on Gross Gaming Revenue (GGR) while the online gaming industry supplying 'actionable claims' and some horse race clubs are currently paying GST at the rate of 18% on platform fees/commissions ranging generally from 5% to 20% of the full face value while some horse race clubs are paying 28% on the full face value.

Former President Donald Trump and many of his supporters say he has locked up the race for the Republican nomination even with the first contests months away. That has prompted early jockeying among top Republicans to potentially be his running mate. Possible vice-presidential candidates range from staunch loyalists in Congress such as Rep.

ALSO READ: Mumbai train firing: RPF constable was 'feeling unwell' and 'in no mood to listen', recalls colleague While seeking his custody, the GRP officers told the court they are yet to obtain the CCTV footage of the entire train journey. Apart from this, GRP officers told the court that they wanted to find out if Singh was instigated by someone to commit the crime. Apart from the previous charges, the Borivli GRP has added IPC Section 153A (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc., and doing acts prejudicial to maintenance of harmony) to the FIR against Singh.

Hero MotoCorp share price rallied over 4% on Tuesday after the company announced it received more than 25,000 bookings for the recently launched Harley Davidson X440. Hero MotoCorp shares gained as much as 4.58% to ₹3,088.00 apiece on the BSE. In a regulatory filing on Monday, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, said that it received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on the July 4, 2023.

Argentines have lined up on a bitterly cold winter morning as part of an annual pilgrimage to a Roman Catholic shrine for the patron saint of work

Russia is planning to launch a lunar mission this week after multiple delays, triggering a race with India's Chandrayaan-3 to reach the Moon's south pole. Russia hopes to return to the Moon for the first time in nearly fifty years. The launch, which is scheduled for the early hours of Friday (August 11), is Russia's first since 1976. A Soyuz rocket had been assembled at the Vostochny cosmodrome in the Russian Far East for the launch of the Luna-25 lander. The four-legged lander, which weighs around 800 kilogrammes, is expected to touch down in the region of the lunar south pole. The launch from the Vostochny cosmodrome, 3,450 miles (5,550 km) east of Moscow, will take place four weeks after India sent up its Chandrayaan-3 lunar lander which is set to touch down at the pole on August 23. The Russian space agency, Roscosmos, has outlined an ambitious timeline for its Luna-25 spacecraft. The craft is slated to embark on a five-day journey to the Moon, followed by 5-7 days in lunar orbit, culminating in a descent to one of three potential landing sites near the Moon's south pole. This carefully calculated timetable suggests that Russia could potentially match or narrowly surpass Chandrayaan-3's lunar touchdown. Navigating the challenging terrain of the moon's south pole poses a formidable challenge. However, this region holds immense scientific interest due to its speculated abundance of ice—a resource with vast implications. This ice could potentially serve as a reservoir for fuel, oxygen, and drinking water, thereby bolstering future lunar habitation endeavours.

Siemens Energy AG’s woes stem chiefly from technical issues with a new generation of onshore wind turbines. Wind power is vital to cutting carbon emissions, and the industry has raced to launch bigger and more powerful machines. But the Siemens Gamesa wind business moved too fast and has now discovered abnormal vibrations arising from blades and bearings which may have to be replaced.

Trishla Jain spoke to Indrajit Hazra about her upcoming exhibition, and how as an artist meditator her vision and craft is to capture — and free — the sense of peace in her work. A drawing is simply a line going for a walk; a line is a dot that went for a walk. — Paul Klee Breathe in.

By James Oliphant and Gram Slattery

There is a wealthy businessman running for the 2024 Republican presidential nomination who has in the past given campaign contributions to Democrats and has a record of statements that don’t always sound like a conservative. His name isn’t Donald Trump. Vivek Ramaswamy, a 37-year-old biotech company founder, has moved into third or fourth place in some state and national polls, and he says his opponents are starting to take notice.

Four new wind farms are being proposed off the New Jersey coast