Covenant Financial News

12.07 / 11:55

UPS JPMorgan Enterprise Covenant penalty Fine Crown’s $450m fine could point to lower-than-expected Star penalty

The $450 million penalty handed to Crown Resorts for breaches of anti-money laundering and counter-terrorism laws is pointing to a lower-than-expected fine for its ASX-listed rival, Star Entertainment.

11.07 / 10:21

IPO Provident CEO Covenant Explainer Indian ETtech Explainer: What are down rounds and will they become the norm for Indian startups?

PharmEasy is planning to raise around Rs 2,400 crore ($291.5 million) through a rights issue, at a 90% discount to its peak stock price, to repay a loan from Goldman Sachs. The Mumbai-based epharmacy, which also owns diagnostics firm Thyrocare, is expected to be valued at $500-600 million — down from the high of $5.6 billion two years ago.

07.07 / 17:43

Covenant PharmEasy parent seeks shareholder nod to increase authorised share capital

PharmEasy’s parent API Holdings’ board on Thursday approved a resolution to increase the company’s authorised share capital, as per a postal ballot notice issued to shareholders, a copy of which ET reviewed. It is currently pending equity shareholder approval, the process for which begins tomorrow. The last date of voting would be August 5.

06.07 / 15:39

COST Reuters CEO Action Browser Covenant dividend UK's Currys drops dividend on uncertain economic outlook

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05.07 / 18:39

Provident FIVE Booking Aware CEO Deloitte Covenant Byju’s shareholders clamour for clarity on funds at EGM

MUMBAI : Anxious shareholders grilled the founders and the management of edtech giant Byju’s at an emergency meeting on Tuesday, seeking explanations about funds utilization, with some even demanding that founder Byju Raveendran step aside to make room for an interim chief executive officer (CEO). According to four people aware of the development, shareholders of the online tutor pressed its leadership for pro-forma financials at the extraordinary general meeting (EGM) following the exit of its long-time auditor and three external directors amid delay in financials and lawsuits in the US.

05.07 / 09:19

UPS Action Covenant Credit funds seek to catch a falling Star

Four months after Star Entertainment tapped equity capital markets for an $800 million shot in the arm, sharp-nosed debt investors have smelled blood and are circling the troubled casino operator.

16.06 / 05:15

Provident Digital Strategy Align BitGo Galaxy Digital Covenant Deal Judge Rules in Favor of Galaxy Digital in Case Against BitGo Over $1.2 Billion Deal Cancellation

In a recent development, a federal judge in Delaware has ruled in favor of Galaxy Digital, the crypto merchant bank led by Mike Novogratz.

02.05 / 23:57

Ethereum BTC Platform CNY Covenant Bitcoin General Protocols Launches New BCH Bull Trading Platform, Built on Bitcoin Cash's AnyHedge Protocol

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

13.12 / 18:17

Blockchain COST Strategy Covenant 15 things crypto leaders should focus on as interest rates rise

As a new and distinctive industry, it can be easy to forget that crypto is subject to impact from overall economic conditions and market forces, just like any other sector. Crypto business leaders must pay attention to rising interest rates and pivot as necessary to both manage new risks and take advantage of possible new rewards.

16.02 / 15:23

LinkedIn Covenant The ‘Great Resignation’ is tempting — but can you take your LinkedIn contacts with you?

Tom McLaughlin is a managing associate at employment law firm BDBF, specialising in restrictive covenants, confidential information and team moves

16.02 / 03:09

LinkedIn Covenant The ‘Great Resignation’ is tempting — but can you take your LinkedIn contacts with you?

Tom McLaughlin is a managing associate at employment law firm BDBF, specialising in restrictive covenants, confidential information and team moves

03.02 / 18:55

Covenant bankruptcies Dwindling Corporate Bankruptcies Reflect New Normal

U.S. corporate bankruptcies have fallen to their lowest level in more than 15 years, and that trend could continue despite the Covid-19 pandemic, at least in the near term.

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