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Promoter & promoter group holding in the company stood at 50.16% at the end of the December quarter, according to the BSE website. The latest shareholding at the end of the March quarter is yet to be updated on the website.

Bitcoin was created after the 2008 financial crisis, which sowed widespread distrust in the banking system. Early proponents trumpeted the new technology as a safer long-term alternative to banks and traditional currencies.

Recently, Avalon completed a total pre-IPO placement of Rs 160 crore consisting of 80 crore of primary or fresh issuance and 80 crore of secondary share sales. In the pre-IPO placement, the company garnered Rs 60 crore each from UNIFI Financial Private Limited and Ashoka India Equity Investment Trust Plc and Rs 40 crore from India Acorn Fund Limited.

" In the next week, which will be a 3-session week, the market may remain volatile. Besides, we have RBI policy meeting as well as US ADP non-farm employment changes that may impact the overall market action."

On the contrary, Federal Reserve Bank of Minneapolis President Neel Kashkari said recent bank turmoil has increased the risk of a US recession but that it was too soon to judge what it means for the economy and monetary policy.

"Building a business is a long-term game, no real business has been built in less than a decade. Therefore, building deeper conviction and long-lasting passion around the problem you want to solve is one of the most important ‘must haves’ for an entrepreneur."

The market lot size for Nifty Bank futures and options has been reduced to 15 from 25, effective from the beginning of July 2023 contracts. In a circular on Friday, the National Stock Exchange said only the far-month contract, i.e., July 2023 expiry contracts, would be revised for market lots

Gaining 70%, Bitcoin is closing out its best quarter since the three months ended March 2021, when it surged some 103%. According to long-time participants, volatility is expected - and is even part of the attraction to investors in the relatively embryonic asset class.

DIIs were the saving grace as they net bought a record Rs 2.53 lakh crore worth of shares in FY23. Meanwhile, foreign institutional investors were net sellers of Indian equities for the second consecutive financial year. They net sold shares worth Rs 40,413 crore in FY23.

While in March, the Fed expects a marginal further slowdown in the US economy to 0.4% GDP growth, compared to the 0.5% forecasted in Dec. These forecasts are at low levels compared to the long-term range of 3.5% for the world and 2% for the US.