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Dubai homes built on cryptos a legal trap

Updated at : 2022-10-06 08:20:02

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With the Reserve Bank of India (RBI) imposing a shadow ban on cryptos and the finance ministry almost taxing the asset to death, many high net-worth individuals (HNI) investors have moved their cryptos to Dubai and other financial centres.

The company has permission to even opt for a public issue, preferential allotment, private placement etc for fund raise, according to the filing. Happiest Minds had reported about 57 per cent increase in consolidated net profit at Rs 53.34 crore in the first quarter ended June 30, 2022.

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U.S. private employers stepped up hiring in September, the ADP National Employment report on Wednesday showed, suggesting rising rates and tighter financial conditions have yet to curb labor demand as the Fed battles high inflation.

The Competition Commission (CCI) gave its conditional approval to the mega-merger deal between Sony and Zee that will create one of the largest media groups in the country.

Sustainable Finance Panel submits report to IFSCA

Updated at : 2022-10-06 06:50:02

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An expert committee headed by former environment and forest secretary C K Mishra has submitted a report on sustainable finance suggesting development of carbon market among other things, said the International Financial Services Centres Authority (IFSCA) on Wednesday.

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The Dow Jones Industrial Average fell 238.0 points, or 0.78%, at the open to 30,078.36. The S&P 500 fell 37.7 points, or 0.99%, at the open to 3,753.25​, while the Nasdaq Composite dropped 153.7 points, or 1.38%, to 11,022.672 at the opening bell.

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The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a final policy decision, delegates said, asking not to be named because the information is private.

Prabhudas Lilladher has a buy rating on the stock with a target of Rs 847, a potential upside of nearly 17.84% from the current market price of Rs 718.75. The brokerage expects revenue to grow by 48%, driven by improved throughput and a favourable base.

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Having a will, though not necessary, is very helpful. Especially in cases of immovable assets like property or land, in case of a will, a probate is needed, and if a person passes away without it, a succession certificate would be required.

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Those issues will keep China from outperforming over the next 12 months even as it is likely to participate in an EM rebound due to its oversold state and low valuations, Morgan Stanley said.

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