On a half yearly basis, operating revenue for the financial services group grew 37% to Rs 1,477.2 crore, and losses have narrowed by almost 12-fold in FY24 to Rs 33 crore, from the same period last year.
Logistics company Delhivery on Saturday said its consolidated net loss narrowed to Rs 103 crore in the second quarter ended September 30, 2023. The company had reported a net loss of Rs 254 crore for the year-ago period, it said in a regulatory filing.
Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange’s abrupt collapse in November 2022. He has pleaded not guilty.
FTX founder Sam Bankman-Fried has been found guilty of defrauding customers of his cryptocurrency exchange, resulting in one of the largest financial fraud cases ever. The verdict follows FTX’s bankruptcy filing and the loss of Bankman-Fried’s personal fortune. Bankman-Fried, a former billionaire, was convicted on all seven counts he faced after a monthlong trial. He …
Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers Read More »
With regulatory clarity comes an opportunity to attract more venture money to tap into the burgeoning export-import market of a growing economy.
Sam Bankman-Fried’s fraud trial has given an unprecedented window into how a group of graduates from elite US universities in their late 20s and early 30s tried, and ultimately failed, to avert one of the biggest and swiftest corporate meltdowns ever. Now, the former billionaire’s fate could hinge on how jurors view his actions in …
Sam Bankman-Fried trial gives jury inside view of FTX’s final days Read More »
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
Housing.com has made an undisclosed investment in Easiloan, a fintech startup specializing in digitizing the home loan process. Easiloan, founded in 2021, offers personalized home loan solutions through partnerships with over 20 banks in India. The investment capitalizes on the growing home loan market, with an estimated 16% growth in the home loan portfolio from …
Housing.com invests in fintech start-up Easiloan Read More »
The development comes as the brokerage firm is looking to double down on its ‘fintech superapp’ play, and introduce more services, such as insurance and lending, on its platform amid competition from rival broking firms Zerodha and Groww.
The changes are part of the company’s preparation for a public listing over the next 18-24 months as well as global expansion, chief executive officer Sabyasachi Goswami told ET.
