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Crypto believers have always propagated decentralized finance as the way forward for the community to thrive. However, it is important to note that FTX-like incidents happen due to mismanagement of user funds and the inability to run a fintech business with impeccable SOPs and good corporate governance.

Chart readers said lower top formation on the daily scale and double top reversal formation on intraday charts, indicating further downside from the current levels.

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Indian indices continued to trade with cuts on the second straight day. Nifty settled at 18,269, dropping 0.8%, while Sensex ended at 61,337, shedding 461 points.

“The board of directors duly constituted a committee to be called “Bonus Allotment Committee” consisting of Mr. Nelson Fernandes, Managing Director and Mr. Ivor Desouza, Director of the Company, for the purpose of overseeing the conduct of the postal ballot process and other connected matters till the completion of the bonus issue process,” added the filing.

The Nifty IT index closed 1.33 per cent down at 28702.2.

The three-day bidding process for Elin Electronics IPO will close for subscription on Thursday, December 22.

The Nifty Realty index closed 1.51 per cent down at 439.8.

IRM Energy provides piped natural gas (PNG) and compressed natural gas (CNG). It has operations in states including Gujarat, Punjab and Tamil Nadu and serves 168 industrial customers, 202 commercial customers, 43,183 domestic customers, as of September 2022.

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