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To tap into the festive season that began with Ganesh Chaturthi on Friday, Indian crypto exchanges are ramping up hiring, and planning product launches and large-scale advertising campaigns to add new retail investors.

The former RBI governor said the notion that cryptocurrencies are more reliable than fiat currencies was a little overstretched. There is a limited supply of bitcoins, but that does not give them any value.

Currently LIC, which is governed by a special law, is allowed to transfer 5% of its surplus to the shareholders’ fund. The remaining 95% goes to the policyholders’ fund for paying bonus on eligible life insurance policies. In case of other life insurance companies, which are regulated through the Insurance Act, the permissible allocation is in the ratio of 90:10.

“The next couple of months or perhaps maybe the next couple of quarters will be good for India. We will be moving from pent-up goods demand to pent-up services demand. ”

The Godrej group firm is focusing on becoming a fully comprehensive home and personal care company and it is also expanding its reach in the rural areas, where it has added 30 per cent new stockists after the pandemic.

The present technical setup indicates that the markets may remain range bound and may consolidate a bit in a broadly defined range. This is likely to keep the markes stock-specific in nature. The fresh up move shall occur only if the Nifty moves above 17450-17500 zone in a convincing manner. Until this happens, the index will continue to consolidate.

In the grey market, Ami Organics is commanding a strong premium of Rs 150-155 per share, over the price band of Rs 603-610 apiece. However, Vijaya Diagnostics Center is trading at a discount of Rs 15-20 as against the price range of Rs 521-533.

The former RBI governor said the notion that cryptocurrencies are more reliable than fiat currencies was a little overstretched. There is a limited supply of bitcoins, but that does not give them any value.

"Welspun India, Chalet Hotels and Ultratech are the three stocks that should do well going forward and cab be picked up from a long term perspective."

The index has entered a sideways consolidation phase following its recent uptrend. Immediate hurdle on the upside is at 17,400-17,430 being cluster of recent highs and immediate support is at 17,260-17,200 levels. Failure to breakout of the 17,430 resistance zone can trigger profit booking