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This happened after the software services company failed to repay its dues against a $600 million credit facility from American banks.

Next year, the plan will be sent to creditors for a vote — likely with key details added — before it goes to US Bankruptcy Judge John Dorsey for final approval. The major creditor and customer groups that have been involved in the Chapter 11 case have agreed to the broad outlines of the plan.

“The absence of clear dominance by either buyers or sellers, combined with the rate positioned away from support and resistance levels, suggests BTC might trade sideways between US$41,000 and US$43,000 in the coming days,” Edul said. At 12.31 p.m., BTC was trading 1.9% lower at $41,163, while the second most popular token, Ethereum, was down …

Crypto Price Today: Bitcoin falls below $41,200; Shiba Inu, Avalanche shed up to 6% Read More »

The company has said to have increased ticket sizes for good quality customers earlier as well and has not faced any concerns on asset quality. The trend is clearly visible, as Paytm’s personal loan ticket sizes have nearly doubled in the past two years, a flashnote by Macquarie showed. Read here:

The US Financial Accounting Standards Board (FASB) further contributed to the market boost by introducing new accounting regulations mandating companies like MicroStrategy, Tesla, and Block to assess their cryptocurrency holdings at fair value. Effective in 2025, these rules allow businesses to monitor real-time fluctuations in asset values. Read on to know more:

The Bengaluru-based fintech firm is scouting for fresh equity and is trying to get a good deal from investors. The talks are still at an early stage and, given the overall funding winter, might take a few months to close, sources told ET. Slice is backed by the likes of Tiger Global, Gunosy Capital and …

Unicorn Slice eyes $100 million to fuel its banking dreams Read More »

The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally disagreed that current regulations are “unworkable” for the crypto sphere, as Coinbase has argued. Coinbase later said it had filed a petition for review of the SEC’s decision in court.

Visa and Mastercard credit card holders directly cannot use UPI payments by linking their credit cards. But by using a virtual RuPay credit card whose credit limit would be shared with the existing Visa or Mastercard credit card, an individual can make UPI payments using credit card. Presently only some banks like Kotak Mahindra Bank, …

How to use credit card for UPI transactions if you have Visa or Mastercard credit card Read More »

The court asked Grover, who is also a cofounder, to intimate Nakrani if and when he planned to sell those shares. The rejection of the interim plea is part of a broader case where Nakrani is trying to get his shares back from Grover.

Softbank’s subsidiary, Svf Python II (Cayman), has divested a 2.5% stake in PB Fintech, the parent company of Policybazaar, for Rs 914 crore (approximately $122 million) through open market transactions. The shares were sold to various buyers, including HDFC Mutual Fund, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance, and others. Following the share sale, …

Softbank divests 2.5 per cent stake in PB Fintech worth Rs 914 crore Read More »