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The rupee declined by 7 paise to close at 79.93 (provisional) after moving in a narrow range against the US dollar on Thursday. At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.80 to 79.

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The Securities Appellate Tribunal has stayed the penalty imposed by capital markets regulator Sebi on PGIM Asset Management Company in a case pertaining to flouting of mutual funds norms.

Backed by Prem Watsa-led Fairfax Group and Kamesh Goyal, who are also promoters of Go Digit General Insurance, the company has applied for a licence from the Insurance Regulatory and Development Authority of India (IRDAI) to set up a life insurance business.

In a regulatory filing, the company said it is closing down its manufacturing facility in Illinois, USA and will continue its business in the United States through contract manufacturing alliances for its products sold in North America.The drugmaker also said that the new arrangement is in the interest of the company as it will help avoid the manufacturing and quality management cost completely resulting in significant savings in operating and overhead costs.

Shares of Syrma SGS Technology are exchanging hands at a premium of Rs 55-60 in the grey market over the issue price of Rs 220.Market participants believe that it will pull off a strong show at debut thanks to its sound fundamentals, growth prospects, robust subscription and recovery in the broader markets.

Ethereum, the network behind the second-largest cryptocurrency by market cap (after Bitcoin), will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain next month in a process called "the merge". That will make Ethereum at least "99 per cent more energy efficient".

The yellow metal had closed at Rs 51,895 per 10 grams in the previous trade.Silver also rallied Rs 711 to Rs 56,191 per kg from Rs 55,480 per kg in the previous trade.In the international market, gold was trading higher at USD 1,763 per ounce while silver was flat at USD 19.35 per ounce.

Gold price in the national capital on Wednesday rose Rs 274 to Rs 51,909 per 10 grams amid firm global trends, according to HDFC Securities. The yellow metal had closed at Rs 51,635 per 10 grams in the previous trade.

On the technical charts, the RSI of the stock stood at 50.63.