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It’s good to know that somewhere out there, there’s a guy in a t-shirt looking to reinvent the banking system.  No, not Sam Bankman-Fried – former Credit Suisse trader Hamza Lemssouguer, whose fund Arini Capital is now proposing to make short term loans to companies with liquidity needs. 

(This story originally appeared in on Oct 19, 2023)

Shreyas Shipping's delisting attempt has failed, as the promoter, Transworld Holdings, fell short of securing the minimum 90% shareholding required to complete the process. Transworld Holdings, which held a 71.25% stake in the company, offered to repurchase shares at ₹400 each, but only 16.61% of shares were tendered, leaving a shortfall of 2.14 percentage points. Shares of Shreyas Shipping fell 8.7% on Wednesday to close at ₹308.30 on the BSE. The stock has declined about 18% in the past one week. Last month, about 4.30 million shares were tendered under an earlier repurchase proposal, surpassing the minimum requirement of 4.08 million shares required to reach the 90% threshold. However, the promoter rejected the price of ₹890 per share discovered through the reverse-book-building process and proposed a counteroffer of ₹400 per share in accordance with updated regulations. The counteroffer, which commenced on October 11, concluded on October 17. In a filing with stock exchanges, the company reported that the promoters could repurchase just over 3.60 million shares against its offer to buy back up to 6.49 million shares. Transworld Holdings had initially offered to acquire the shares from public shareholders in May at an indicative price of ₹338.

Bitcoin, the undisputed king of the cryptocurrency market, is once again at an inflection point. As the pioneer digital asset fast approaches the $29,000 level, traders and investors alike are keeping a keen eye on critical price levels and market indicators to gauge the next possible move.

weight limits for their checked baggage as automated baggage drop machines have been introduced. The leeway previously provided by airline ground staff to accommodate minor variations in weight has been eliminated.

Stablecoin issuer TrueUSD recently fell victim to a third-party security breach that led to the exposure of personally identifiable information of some of its clients.

Artificial intelligence (AI) could be used by pension funds to cut costs, increase investment returns, and highlight possible risks, but there are still “significant challenges to overcome” with its use, said the Mercer CFA Institute global pension report.

Jio Financial Services rose over 3 percent to ₹232 on BSE on Tuesday after the company's profit doubled in the quarter ended September 2023 (Q2FY24) in its first results report after being carved out from Mukesh Ambani-led Reliance Industries. Its consolidated net profit surged 101.3 percent to ₹668.18 crore in the quarter under review versus ₹331.92 crore in the previous quarter (Q1FY24) on the back of higher income from operations. Meanwhile, its total income rose 46.8 percent QoQ to ₹608 crore as against ₹414 crore in Q1FY24.

Orphan Black" is set to expand with the upcoming spin-off, "Orphan Black: Echoes." The release of the first trailer has generated excitement about the new show, but details about the plot have been kept under wraps. «Orphan Black,» which initially aired in 2013, propelled Tatiana Maslany to stardom as she portrayed Sarah, a con artist whose life takes a dramatic turn when she encounters a woman who is her exact doppelgänger. After assuming the life of this woman, Sarah discovers that she is one of several identical clones, all portrayed by Maslany, entangled in a perilous conspiracy. The show received critical acclaim, particularly for Maslany's performance, which earned her an Emmy award. After five seasons, the series concluded, but a podcast continued the story, revealing the clones to the public.

A NASA spacecraft has rocketed away on a six-year journey to a rare asteroid made of metal

Best Buy is saying goodbye to movie-watching with physical discs

WhatsApp. Its main purpose is to safeguard users from potential threats, such as unauthorized access to their location and eavesdropping on their calls. WABetaInfo, a reliable source for tracking WhatsApp's upcoming enhancements, initially discovered this new feature.

Moninder Singh Pandher has also been acquitted by the Court in two cases in which he was sentenced to death by the trial court. The Allahabad HC cited lack of evidence for their judgement. Surinder Koli and Moninder Singh Pandher had been sentenced to death on charges of rape and murder.

Ever since Hamas’s barbaric invasion of Israel on Oct. 7—a Shabbat morning that also happened to herald the end of the Jewish holiday of Succoth and fell one day after the 50th anniversary of the beginning of the 1973 Yom Kippur War (the symbolism runneth over)—I have been thinking of Tal Mazliach.

Nithari murder case convicts Surendra Koli in 12 cases and Moninder Singh Pandher in two cases. Both convicts were awarded the death penalty in the Nithari serial rape and murder case. Speaking to media persons in Prayagraj today, Pandher's lawyer, Manisha Bhandari said, “Allahabad High Court has acquitted Moninder Singh Pandher in the two appeals against him.

Middle East have taken note of three events that many believe may be linked to biblical prophecies about the end of the world. The speculations started The Mirror published an article recently. Event No. 1: The Birth of a Red Cow in Israel The first event that has raised eyebrows involves the birth of a red cow in Israel after 2,000 years.

Tommy Fury and KSI's much-anticipated clash on Saturday evening resulted in an unexpected turn of events, leaving the boxing world in a state of uproar. Despite Fury emerging victorious by majority decision, KSI vehemently protested what he believed was a «robbery,» expressing his discontent to the audience.

Psyche spacecraft into the sky from NASA’s Kennedy Space Cente on a six-year journey to a rare asteroid, which also goes by the same name Psyche. The asteroid, which orbits the Sun between Mars and Jupiter, is believed to uniquely rich in metals. It is also believed that because of its high metal content, it could be a building block of an early planet. The NASA spacecraft to Psyche mission is big enough to almost cover a tennis court, which it solar arrays are deployed. «Scientists think Psyche may consist of significant amounts of metal from the core of a planetesimal, one of the building blocks of our solar system. The asteroid is most likely a survivor of multiple violent hit-and-run collisions, common when the solar system was forming,» NASA says on its website.

For the TikTok star who posts under the name Kodye Elyse, an uncomfortable online experience made her stop including her three children on her social media. A video she posted in 2020 of her young daughter dancing attracted millions of views and creepy comments from strange men. (She requested that The New York Times not print her full name because she and her children have been doxxed in the past.)

Amazon sale, gaming consoles are on sale at reduced prices. You can discover special discounts on Xbox Series consoles and the PlayStation 5. Let's take a look at some of these appealing offers.

Paradise' won the Kim Jiseok Award at the Busan International Film Festival 2023 on Friday. 'Paradise' jointly shares the Kim Jiseok award with Mirlan Abdykalykov's 'Bride Kidnapping'. The Kim Jiseok Award, established in 2017, commemorates the late Kim Jiseok, who dedicated his life to discovering and supporting the growth of Asian cinema.