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The regulator said MXCCL had filed a suo moto application with it proposing to settle a legal action that could be initiated against it for violation of risk management norms.
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This surge in draft filings signals a strong pipeline of upcoming IPOs, even amid prevailing market uncertainties. So far, 52 companies have secured Sebi approval for their public issues, while a total of 65 firms have submitted draft IPO papers to the market regulator.
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Gold is currently trading at 90,966 per 10 gm in the physical market, up by 1,802 per 10 gm from Friday, when India's bullion market was last open. The market was closed on Monday due to Eid.
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News and Media
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