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 BSE-listed small-cap penny stock completes ₹96 crore QIP. Mauritius-based FII among share allottees

Following the QIP, Gujarat Toolroom's paid-up equity share capital expanded from ₹16.01 crore to ₹23.21 crore

   The Department of Telecommunications (DoT) is set to seek approval from the finance ministry to implement a second voluntary retirement scheme (VRS) at Bharat Sanchar Nigam Limited (BSNL), aiming to reduce the workforce by 35 percent and improve the telecom operator's financial health, according to a report by Economic Times (ET).

BSNL has requested Rs 15,000 crore from the finance ministry to cover the costs of the VRS rollout. The state-owned carrier's board has proposed reducing its employee base by 18,000 to 19,000 through the scheme, a move designed to strengthen the company's balance sheet, an official familiar with the matter told ET.

                       📈 Forex market 💲

In a startling development, the income tax raids on major wedding planners across Jaipur have exposed a murky network of hawala transactions and cryptocurrencies. According to a report by the Economic Times, the officials have seized Rs 20 crore in cash and jewelry and frozen as many as three crypto wallets.

The report says that the wedding planners under the scanner allegedly converted payments received from their clients into cryptocurrencies. They reportedly used hawala networks to transfer the funds, the officials discovered.

Small-cap MFs' 50% concentration lies in stocks in m-cap band of 251-500: Ventura Securities

Out of the 23 schemes (more than 3 years old), 22 schemes have outperformed the Nifty 500 TRI in terms of CAGR in  and 3-year timeframes