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SEBI barred Ketan Parekh, Rohit Salgaocar, and others from Indian capital markets for a front-running scam, impounding 65.77 crore. Parekh, notorious for the 2001 stock scam, faces fresh restrictions alongside key associates.
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The Indo Farm Equipment IPO, subscribed 229.31 times, is the second most subscribed mainboard IPOs of 2024. Strong demand came from QIBs (503.39x) and NIIs (104.36x). Only Vibhor Steel Tubes saw higher subscription.
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UPI transactions in December hit a record 16.73 billion, an 8% increase from Novembers 15.48 billion. Transaction value rose to Rs 23.25 lakh crore, up from Rs 21.55 lakh crore. Daily average transactions reached 539.68 million in December, with a daily transaction value of Rs 74,990 crore.
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