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Sebi asked banks, depositories and mutual funds not to allow any debit from the accounts of Rose Valley and its then directors -- Gautam Kundu, Ashok Kumar Saha, Shibamoy Dutta and Abir Kundu. However, credits have been permitted.

Nifty 50 opened on a negative note at 16,469.60, and slid to as low as 16,347.10 level. However, at lows, buying emerged to take the index to as high as 16,487.25. Eventually, it closed down 153.20 points or 0.92 per cent at 16,416.35.

The Dow Jones Industrial Average fell 132.75 points, or 0.40%, at the open to 32,783.03.

For the uninitiated, anything that makes a company’s business harder to disrupt or imitate is a competitive advantage or ‘moat’. For a corporation to flourish, the presence of one or more such moats is an imperative. Otherwise, new entrants could keep entering the industry and drive down the incumbents’ share of the profit pie.

​Japan has been cautious regarding stablecoins since 2021, said Edul Patel, CEO and Co-founder of Mudrex. "It is the right move to ensure investors’ safety, as algorithmic-based stablecoins are still at the experimental stage, volatility becomes inevitable and may keep investors at risk."

JPMorgan sees Paytm at Rs 1,000, down from the earlier target of Rs 1,200. The target price for the counter was Rs 1,350 before that. Even the latest target price signals a potential 60 per cent upside in the counter.

"There will be a solid demand for stocks in Japan, as domestic companies have set aside a lot of cash to buy back their own shares."

“In FY19 we saw 24.42 million vehicles being sold by the two-wheeler industry. Last year, we did around 17.9 million which indicates that there is a gap of approximately seven million vehicles. These seven million vehicles must come back because the market is there for consuming so many vehicles. One can expect some growth numbers coming up this year..”

According to the analyst, the biggest strength of the company is its salt and tea business. They form the bedrock of its India business and share similar traits, albeit with some differences.

The brokerage firm noted that the risk of downgrades in earnings estimates has resurfaced. "Multiple markets declined due to weak demand and the smallest decline was seen in the western region and the largest in the central region," it said.