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Markets regulator Sebi on Monday directed brokers to collect all other margins, except value at risk (VaR) and Extreme Loss Margin (ELM), by the T+1 settlement day. The decision has been taken due to the shift from T+2 to T+1 settlement cycle.
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Casino executives say they are confident the IPO, which was challenged by two federal lawsuits, will pass muster with regulators and still meet a 25% minority investment requirement for Ballys Chicago with the city.
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The retail giant's online business remains suspended with no indication yet when it will be restored.
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