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Zostel is planning to move the Securities and Exchange Board of India (Sebi), asking it to put the proposed $1.2 billion IPO on hold, said two people with direct knowledge of the matter.

Proceedings were initiated against Aditya Birla Money based on a joint inspection conducted by Sebi, BSE, NSE and the depositories in March 2019. A special purpose inspection was also conducted by Sebi in March 2018.

Cofipalux Invest SA today bought 170,000 shares of Banswara Syntex at Rs. 168.35 apiece through a bulk deal on the BSE.

The regulator intends to introduce a minimum price band in all public issues, where the upper price should be at least 5 per cent more than the floor price.

In the absence of any law specifying treatment of cryptocurrency, legal experts said the use of cryptocurrency for payments in India is neither legal, nor illegal. This has not deterred businesses or customers from opting for such transactions.

Zostel is planning to move the Securities and Exchange Board of India (Sebi), asking it to put the proposed $1.2 billion IPO on hold, said two people with direct knowledge of the matter.

There could be some slowdown in large deal wins, but the pipeline would stay reasonably good, analysts said.

The price of a barrel of crude jumped by 3 per cent, or $2.32, to $78.17 on the New York Mercantile Exchange, the highest since 2014. The Brent international benchmark hit a new 3-year high at $81.48, up 2.8 per cent on the day.

The Nasdaq Composite dropped 73.57 points, or 0.51 per cent, to 14,493.12 at the opening bell.

The bull market in the chemical sector that started a few years ago entered a new leg today as investors rushed to buy various companies that specialize in different chemical products.