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ED notices to top crypto sites seek info under FEMA

Updated at : 2022-07-06 08:20:02

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ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added.

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The unlisted shares of PharmEasy (API holdings) are trading around Rs 45 apiece versus a high of Rs 145 expectations of listing day gains were driving shares higher. IIFL had bought a big chunk of shares at Rs 53 and offloaded the entire holding at Rs 82 in last November.

IT major Tata Consultancy Services has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.

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While half of the funds may be raised by selling units in the InvIT to existing investors including Canadian pension funds CPPIB and OTPP, the rest of the money is likely to come from a public bond sale in the local market where retail investors can buy, said people familiar with the matter.

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The rupee fell to a new record low of 79.38 to the US dollar on Tuesday, a day after India logged a record trade deficit at $25.6 billion in June, up from $24.3 billion in May. The unit lost more than half a percentage point to close at 79.37 to the dollar.

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Traders are also keeping a watch on economic data, including a June nonfarm payrolls report expected on Friday, and on company commentaries for signs of peaking inflation and cooling economic growth, with another earnings season around the corner.

The order comes from an interim order-cum-show-cause notice dated February 7, 2020 passed by Sebi against Profit Redefine Financial Solution (PRFS), its sole proprietor Sanjay Yadav and other entities.

Allowing FPIs in ETCDs could be seen as a major stride in the desired direction, which is likely to bump up liquidity, reduce pricing gaps, and promote efficient price discovery.It will lift market sentiments and enhance participation from producers, traders, end-consumers of various commodities for risk mitigation, and investors looking to diversify their portfolios through commodities.​

CDEL has reported a default of Rs 215.99 crore on the payment of the principal amount on loans or revolving facilities like cash credit from banks or financial institutions as on June 30, 2022.Besides, it has also defaulted in payment of interest of Rs 5.78 crore on the above, informed CDEL.

Bitcoin saw the April-June 2022 period as the worst quarter in the last one decade, thanks to deteriorating macroeconomic conditions across the globe.The report from Deutsche Bank provides an interesting perspective on the medium-term outlook for Bitcoin and suggests that cryptocurrency markets have mirrored movements of the Nasdaq 100 and S&P 500 since late 2021.

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