DOJ Drops Claims TikTok Misled Consumers

The U.S. Justice Department won’t pursue allegations that ByteDance Ltd.’s TikTok misled U.S. consumers about their data security in a forthcoming suit accusing the company of children’s privacy violations, according to people familiar with the decision.

The department is preparing to file a consumer protection lawsuit against TikTok later this year on behalf of the U.S. Federal Trade Commission (FTC), which investigated the case, according to the people, who asked not to be identified discussing interagency communications.

The FTC gave the Justice Department a referral with two parts. The Justice Department plans to drop one part of the complaint alleging that TikTok deceived U.S. consumers by failing to inform them that Beijing-based employees of its parent company, …

No halt to sale of wheat & rice by FCI

The government will continue to sell surplus grain stock in the open market to control rise in cereal inflation, a senior food ministry official on Wednesday said, adding that it has more than double grain stock to carry out market intervention programme.

“Through open market sale scheme (OMSS)of wheat and rice, we are aiming at controlling cereal inflation to the maximum possible extent,” Ashok Meena, chairman and managing director, Food Corporation of India (FCI) said in a briefing.

On January 1, FCI had rice and wheat stocks of 34.49 million tonne (MT) while 33.27 MT of rice is yet to be receivable from millers. Total foodgrains stock is against the buffer of 21.04 MT.

Market rally leads to higher regulatory fees for stock exchanges Is the world prep…

Sanofi India surges nearly 4% after tie-up with Cipla – Here are all other details

Sanofi India shares surged nearly 4% to an intra-day high of Rs 7,999 after the company tied up Cipla to distribute its central nervous system (CNS) medication in India. Sanofi joined hands with Cipla to use its extensive distribution network in the country. However, Sanofi will be retaining ownership, import, and manufacturing of the CNS portfolio. 

“As a part of this partnership, Cipla will be responsible for the distribution of Sanofi India’s six CNS brands including Frisium, a leading brand in the anti-epileptic medication category,” Sanofi said in an exchange filing. 

“Enhancing access to high-quality treatments is central to our purpose of ‘Caring for Life’Come from

Rating- BUY – Stagnant to modest growth for Tata Power

By Nuvama Research

In Q2FY24, Tata Power (TPWR) recorded a consolidated PAT of Rs 8.75 billion (after minority interests), reflecting a 7% y-o-y increase. The decline in coal profits was mitigated by positive developments such as (i) CGPL turning PAT positive (operating under Sec-11), (ii) higher PAT in solar EPC/Odisha discom, and (iii) reduced losses in Tata Projects.

While we acknowledge Tata Power’s commendable progress in the renewable energy transition, with green earnings expected to surpass coal/thermal by FY27–28, the company faces near-term growth limitations. Our assessment suggests limited upside potential, even in our Bull case scenario, which factors in (i) CGPL’s Sec-11 benefit persisting indefinitely, (ii) $130/T of…

Take-Two Wins NBA 2K Lawsuit Involving LeBron James' Tattoos

Take-Two Interactive has won a case regarding its depiction of LeBron James’ tattoos in NBA 2K. While James himself was not involved in the case, his tattoo artist, Jimmy Hayden, was.

Hayden sued Take-Two by alleging that the use of James’ tattoos in NBA 2K violated his rights as he was not compensated despite being the one who inked them onto the basketball star. However, an Ohio federal jury rejected those allegations. Since Take-Two had an agreement to use James’ likeness in the game, the studio also had an implied license to also depict those tattoos onto his character.

As a result, the jury determined that Hayden’s rights were not violated. Take-Two’s attorney, Dale Cendali of law firm Kirkland & Ellis, praised the decision. She told Reuters that it was an important…

The Legend Of Zelda- Tears Of The Kingdom Sold Over 10 Million Copies In First Three Days

Nintendo has revealed that Zelda: Tears of the Kingdom sold over 10 million copies worldwide during its first three days of release. This makes the game the fastest-selling entry in the history of the franchise.Come from Sports betting site VPbet

Over in the Americas, over 4 million copies of the game were sold and it’s also now the fastest-selling Switch game and fastest-selling Nintendo game for any system in that territory. Additionally, around 2.24 million copies of the game were sold in Japan.

Chicago considering measure to lift city-wide sportsbetting prohibition

In the American city of Chicago and politicians are reportedly considering new legislation that would legalize sportsbetting and subsequently give five area professional sports facilities permission to host land-based sportsbooks.

According to a report from the Chicago Sun-Times newspaper, the measure was introduced by Alderman Walter Burnett (pictured) yesterday and seeks to revoke a long-running prohibition on sportsbetting for residents of ‘The Windy City’ and allow its local Wrigley Field, Soldier Field, Guaranteed Rate Field, Wintrust Arena and United Center stadiums to debut sports wagering facilities.

Prevailing prohibition:

The newspaper reported that online and land-based sportsbetting was legalized across Illinois two years ago as part of a measure suppor…

Bragg Gaming Supplies RSI Pennsylvania with Content

Bragg Gaming Group has announced that its gaming content and solutions are now live in Pennsylvania thanks to an agreement with Rush Street Interactive (RSI). The former company, which already offers Spin Games content in the state, has now introduced titles from its in-house Bragg Studios as well.

Bragg Studios content such as Fairy Dust by Atomic Slot Lab and exclusive content from the Powered by Bragg program will now be available at RSI’s local brands, BetRivers and PlaySugarHouse.

The deal furthers Bragg Gaming’s NA expansion strategy, allowing it to supply content to yet another major operator. For reference, RSI is one of the biggest iGaming companies in the United States, Canada …

Petersburg City Council Votes Resolution to Advance Destination Resort Project

Last week, the plan to see Petersburg, Virginia turn into the state’s fifth city that would host a casino came one step closer to becoming a reality, thanks to the Virginia Senate clearing Senate Bill 628 that could give the green light to a casino in the city.

Now, according to a unanimous decision announced by the Petersburg City Council, the next phase in advancing a Destination Resort project is underway.

Proposals from Operators and Developers Are Expected

The fresh resolution is leading the way for a Request for Proposal (RFP

PAGCOR Privatization Expected to Bring $1.1Billion to the Philippines; POGOs Facing License Revocation

The privatization of a chain of the state-owned casinos proposed by Pagcor’s Chairman and CEO Alejandro Tengco and approved by the Philippine President Ferdinand Marcos Jr is expected to raise PHP60 billion (US$1.06 billion) to PHP80 billion US$1.41 billion) for the country. According to reports, Tengco presented the price range in the House of Representatives on August 14. He reportedly also announced that a special audit commission will audit the Philippine Offshore Gaming Operators (POGOs) to prevent the casino revenue leakage.

Privatization Proposal:

CNN reported on August 14 that the Philippine Amusement and Gaming Corporation (Pagcor) is set to privatize 45 of its casinos by the third quarter of 2025. The supporters from the House claime…