Crypto Exchange Genesis Faces Legal Battle, Sues Gemini for $689 Million Recovery
Newsmen Business Desk -
According to CoinDesk, Genesis has accused Gemini, owned by the Winklevoss twins, of making substantial withdrawals just before Genesis filed for bankruptcy.
Aviation Working Group ups India's score on global index after bankruptcy code tweak
IANS -
The development comes in response to notification issued by the Central government, dated October 3, 2023, providing that the moratorium under the Insolvency and Bankruptcy Code, 2016 will not apply to aircraft, aircraft engines, airframes and helicopters governed by the Cape Town Convention.
India, UAE enter pact for RuPay usage
IANS -
The AEP is an indirect subsidiary of the Central Bank of UAE (CBUAE).
MobiKwik reports 52% revenue growth in Q2 FY24, logs strong H1 performance
IANS -
The revenues for the July-September quarter stood at Rs 208 crore, a growth of 17 per cent over the previous quarter in the same fiscal, with a profit after tax (PAT) of Rs 5 crore.
Industry groups hit back on telco’s demands to regulate, charge OTTs
IANS -
The TRAI proposal on selective banning of OTT or Internet services has resulted in a fierce debate among the industry bodies, internet companies and startup founders.
Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter
IANS -
A 91.60 per cent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago.
12.2 lakh metric tonnes paddy procured till Oct 3, says Centre
IANS -
This procurement was done till October 3, 2023 under the kharif marketing season 2023-24, official sources said.
Marico cracks over 4% after company flags lower revenue
IANS -
Marico shares were down 4.4 per cent at Rs 544.95 on BSE on Thursday.
Govt tweaks bankruptcy code to ease recovery of leased planes
IANS -
“The provisions of sub-section (1) of section 14 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), would not be applicable to transactions, arrangements or agreements, under the Convention and the Protocol, relating to aircraft, aircraft engines, airframes and helicopters,” the notification, dated Oct 4, states.
Kumar Mangalam Birla returns as non-executive director in Vodafone Idea
IANS -
"The board of directors of the company has, at its meeting held today, appointed Kumar Mangalam Birla as an additional director (non-executive and non-independent) with effect from April 20, 2023," Vodafone Idea said in a stock exchange filing. Kumar Mangalam Birla is the Chairman of the multinational Aditya Birla Group, which operates in 36 countries across six continents.
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