Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement of…
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NEW DELHI: The Enforcement Directorate (ED) on Sunday said it has filed a chargesheet against Magicwin, a betting website owned by Pakistani nationals based in the United Arab Emirates (UAE).According to the ED, the prosecution complaint—equivalent to a chargesheet—was filed on January 15 before a special Prevention of Money Laundering Act (PMLA) court in Ahmedabad,…
NEW YORK — While BlackRock’s iShares Bitcoin ETF (IBIT) is among the most successful product launches in Wall Street history, the crypto market’s growing reliance on leverage could be doing long-term damage to bitcoin’s BTC$70,413.42 institutional appeal, according to Robert Mitchnick, head of digital assets at BlackRock. During a conversation with Anthony Pompliano and investor…
The slide that began Saturday night, after Vice President J.D. Vance left Pakistan without securing a peace deal in Iran, has, for the moment, somewhat reversed. After falling to as low as $70,500 at one point Sunday, the price of bitcoin has bounced back to $72,100 during U.S. Monday morning trading hours. Helping were reports…
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NEW DELHI: Srinagar police have busted yet another Al-Falah type, multi-state network of Lashkar e Taiba in a painstaking, month-long investigation launched after the arrest of two Pakistani terrorists in March for allegedly receiving, guiding and arranging logistics for foreign terrorists infiltrated into J&K, which threw up a network of overground workers (OGW) not just…
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