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Millennials pull crypto out of the shadows in India

Updated at : 2021-10-18 09:20:01

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About 83% urban Indians are aware of digital currencies, while 16% actually own them, according to a survey by Kantar. Many more want to — the draw of crypto is now half as powerful as that of MFs, a product with which older generations have a far deeper familiarity. That offers a glimpse of what investor portfolios will look like in future.

Oil prices hit their highest in years on Monday as demand continues its recovery from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel.

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Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 106205.65 Crore) operating in FMCG sector.

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Custodian banks, both local and overseas, have reached out to the Security and Exchange Board of India (Sebi) seeking a delay in implementing new rules until April next year in one last ditch effort to resolve the trade plus one day, or T+1, transition issue.

"With the current reset in the global supply chain and clear headed and committed leadership in India, I see opportunities galore in India for all investors and industry stakeholders,” Sitharaman said during her address to global business leaders and investors at a roundtable organised here by industry chamber FICCI and the US-India Strategic Partnership Forum in New York on Saturday.

Domestic electronics manufacturing firm Dixon Technologies has bagged a contract from Orbic, a US-based company, which sells smart devices.

San Jose-headquartered company has entered into an agreement with the Blackstone Group-entity Nucleus Office Parks to renew the lease at its Cessna Business Parks at Outer Ring Road in Bangalore.

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With the addition of about 14 assets in its kitty, the InvIT may have an enterprise value of Rs 15,000 crore ($2 billion), the people said.

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Profitability will be tested in next few quarters by attrition and Capco impact, says Wipro CEO Thierry Delaporte

Mauritius may be out of FATF Grey List this month

Updated at : 2021-10-18 08:20:02

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Mauritius, which was traditionally preferred by many international investors due to its tax advantage and low operational cost, was put in the grey list by FATF in February 2020 - a decision that led to deeper scrutiny, black-listing by European Union and investment restrictions imposed by Reserve Bank of India (RBI).

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