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Bitcoin Group, a holding company focusing on the blockchain and cryptocurrency industries, said it agreed to buy all of Germany’s Bankhaus von der Heydt for $15 million in cash and 150,000 shares.

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At the interbank foreign exchange, the domestic unit opened weak at 82.63 against the dollar, then lost further ground to 82.71, registering a decline of 20 paise over its previous close.

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The board of One 97 Communications Ltd., the listed-entity that runs Paytm, will decide on the buyback on Tuesday. The move comes as the stock has plunged about 75% since its listing last November to emerge as the world’s worst-performing large initial public offering in a decade. The slump also prompted a unit of Japan’s SoftBank Group Corp. — a key backer — to trim its holding.

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“The Escorts-Kubota partnership is very strategic. Escorts makes heavy-duty tractors; Kubota makes lightweight tractors and we are also in our medium-term business plan talking about setting up a global R&D. We are going to compliment our skill sets and create products which are going to be unique and provide solutions and applications to consumers within and outside India. Small, large, heavyweight, lightweight – whatever is needed in Indian and global context.”

The risks of poor governance to investors in India

Updated at : 2022-12-13 12:25:03

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For instance, inheritance within the family to the male members may allow the business to pass from one generation to the next but also create governance issues if there are other shareholders.

Inflation is the same termite that can completely eat into household savings, which otherwise could have been used for buying a home or a car in the future.

The Nifty Auto index was trading 0.58 per cent up at 12949.25.

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Bandhan Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 40591.81 Crore).

Ashok Leyland shares gain 0.31% as Sensex rises

Updated at : 2022-12-13 12:25:03

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The stock quoted a 52-week high of Rs 169.4 and a 52-week low of Rs 93.2.

Following the development, brokerage firm Jefferies said, "If the acquisition fructifies, it will enable Dalmia to expand its footprint into the Central Region and add one more region to its vision of emerging as a pan India cement player. Deal timelines, additional required capex, limestone reserves are key for the company.”

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