Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. “We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need forContinue Reading
Published on Nov 22, 2022 03:36 PM IST Closing bell: Sensex ends day in green at 61,419, Nifty above 18,200. Closing bell: Sensex ends day in green at 61,419, Nifty above 18,200.(Bloomberg) Closing bell: Sensex ends day in green at 61,419, Nifty above 18,200. ABOUT THE AUTHOR Follow the latestContinue Reading
Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show. Most of FTX’s purchases were luxury beachfront homes, including seven condominiums in an expensive resort communityContinue Reading
Markets opening bell: Indices open flat with Sensex at 61,174, Nifty over 18,100 ABOUT THE AUTHOR Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events andContinue Reading
Reuters | | Posted by Nisha Anand Essar Group has become debt-free, having settled the remainder of its $25 billion debt after the sale of two ports and a power plant to ArcelorMittal Nippon Steel Ltd (AM/NS), the group said on Monday. Essar, built by brothers Shashi and Ravi Ruia,Continue Reading
India’s central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in rupees with Russia, local newspaper Business Standard reported on Monday, citing banking industry sources. Vostro accounts are held by a bank on behalf of another, often foreign bank, andContinue Reading
India Inc on Monday suggested that Budget 2023-24 should raise capital expenditure, strictly adhere to fiscal consolidation road map, and provide disposable income in the hands of taxpayers at the lower end to boost demand, but pleaded the government not to impose any fresh tax burden on corporates, which couldContinue Reading
The Employees’ Provident Fund Organization (EPFO) is in the process of crediting interests to the employee provident fund (EPF) accounts. Both EPFO and the Finance Ministry have repeatedly assured beneficiaries their interest is being credited in full and there will be no loss; however, subscribers, too, can check whether theContinue Reading
The opening match of this World Cup saw a goal by Ecuador’s Enner Valencia ruled out. Commentators left bewildered. Twitter outraged. The reason? FIFA’s 3D calculation models indicated Valencia’s teammate Michael Estrada’s kneecap was offside during his movement in relation with Qatar’s players, in the lead-up to the goal. TheContinue Reading
The Rasna Group on Monday said its founder and Chairman Areez Pirojshaw Khambatta has passed away. Khambatta, 85, who was also the Chairman of Areez Khambatta Benevolent Trust and Rasna Foundation, passed away on Saturday, a statement from the group said. He was also the former Chairman of WAPIZ (WorldContinue Reading