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Supreme Court on Thursday temporarily halted all meetings related to the insolvency proceedings of debt-laden edtech firm Byju's, asking the interim resolution professional (IRP) Pankaj Srivastava to maintain status quo for the time being and not to hold any meeting of the lenders. “Until the judgment is pronounced, the interim resolution professional shall maintain status quo and shall not hold any meeting of the committee of creditors,” a Bench led by Chief Justice of India D Y Chandrachud directed. The apex court reserved its verdict on an appeal by US lender GLAS Trust Co LLC, the trustee for lenders owed $1.2 billion by Byju’s, against the National Company Law Appellate Tribunal's (NCLAT) order approving a settlement deal between the Think & Learn Pvt Ltd, the parent of online educational services company, and its operational creditor, the Board of Control for Cricket in India (BCCI). The lender had alleged that the money paid by Byju Raveendran’s brother Riju Ravindran was tainted.

HDFC Bank Ltd. has sold a housing loan portfolio of about Rs 60 billion ($717 million), seeking to further lighten its credit load amid regulatory pressures on the industry. The portfolio was sold to about half a dozen state-controlled banks through private deals, according to people familiar with the matter, who asked not to be identified as the information is not yet public. The Mumbai-based bank also unloaded another pool of car loans worth about Rs 90.6 billion, securitized in a fixed income product called pass-through certificates, the people said. The lender had been engaged in talks — reported in late August by Bloomberg — to offload the pool to about a dozen local asset management companies.

The Fair Oaks AAA CLO ETF (FAAA) targets European institutional and informed investors, offering access to AAA-rated, floating-rate CLO notes. The strategy is managed by a team of six professionals led by co-founders and partners of the firm Miguel Ramos Fuentenebro and Roger Coyle, with help coming from the wider Fair Oaks credit team. Deep Dive: US move to T+1 for ETFs will require 'synchronisation' from foreign markets FAAA is a long-only strategy with no leverage and is classified as Article 8 under the EU's Sustainable Finance Disclosure Regulation. It will run with a total...

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Reasons to buyReasons to avoidAlso read: Best bedside tables with storage in 2024: Top 6 options for practical and elegant bedroom arrangementThe DeckUp Bedside Storage table features a compact design, making it perfect for small bedrooms. With a walnut finish and sturdy construction, this bedside table adds a touch of elegance to any room.Reasons to buyReasons to avoidAlso read: Best bookshelf cupboards for modern home decor: Top 6 contemporary, chic and sturdy picks3. ABOUT SPACE Wooden Center Table, End Sofa Side Table, Bedside TableThe ABOUT SPACE Bedside Furniture features a minimalistic design with ample storage for all your bedside essentials.

Subscribe to enjoy similar stories. While waiting for the traffic lights to change, your correspondent notices a pair of red warning squares appear on the windscreen. They follow a couple of pedestrians as they cross the road directly ahead.

After rejecting a call by Canada’s Competition Bureau to treat mortgage stress testing equally at renewal, regardless of whether a borrower stays with the same financial institution or switches to a new one, the country’s top banking regulator has had a change of heart.

Secret Service (USSS) has initiated an investigation into one of its agents after a reported incident involving a staff member of Vice President Kamala Harris. According to a statement from Harris' office, the incident occurred in a hotel room in Wisconsin while the team was scouting locations for future campaign stops. A spokesperson for the Secret Service confirmed that the agent has been placed on administrative leave during the investigation. «The US Secret Service Office of Professional Responsibility is investigating a misconduct allegation involving an employee,» the spokesperson stated, but did not disclose specific details regarding the incident.

Donald Trump's campaign on Iranian threats against the Republican presidential nominee, adding that the briefing centered on previously reported threats and not a new plot, as per a report on AP. US Secret Service boosted Trump's security protection in July following news of an Iranian threat on his life. Iranian hackers also stole information they retrieved from Trump's campaign. Secretary of State Antony Blinken said Wednesday that officials have been tracking Iranian threats against a number of officials including Trump and some who serve in President Joe Biden 's administration. The attention to Iranian threats comes at a sensitive moment in the campaign following two assassination attempts targeting Trump. There's no evidence though connecting these events to Iran.

Italy’s antitrust watchdog is investigating the online fastfashion giant Shein for potentially making misleading claims about its sustainability practices

A high-ranking executive at OpenAI who served a few days as its interim CEO during a period of turmoil last year said that she’s leaving the artificial intelligence company

Starfield Shattered Space DLC is set for release on September 30, 2024. Gamers can expect it to drop at different times based on their location.

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

Chaired by the Bank's deputy governor for financial stability Sarah Breeden, the consortium's aim will be to identify how AI is or could be used in the sector, as well as discuss the potential benefits and the risks arising from the technology.  The consortium, which will be composed of 30 members, will also look to gather views from stakeholders to inform the Bank's approach to addressing any identified risks and challenges, and in promoting the safe adoption of AI. BlackRock and Microsoft partner for launch of $30bn AI infrastructure fund The BoE has placed a call for interest fo...

Subscribe to enjoy similar stories. Mumbai: Indians are delaying repayments on credit cards and personal loans, leading to a rise in delinquencies after months of bingeing on small-ticket consumption loans. The volume of credit card dues where repayments are delayed by over 90 days has increased 17 basis points (bps) year-on-year to 1.8% in June, showed data from credit bureau TransUnion Cibil.

Vedanta Limited will hold its board meeting on October 8, 2024, to consider and approve the fourth interim dividend on equity shares for the financial year 2024-25. The company has set as October 16 as the record date.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30. “A meeting of the Board of Directors of the Company will be held on Monday, September 30, 2024, inter-alia, to consider and approve the alteration in the share capital of the Company by sub-division / split of existing equity shares having face value of Rs.10/- each, fully paid-up, as may be determined by the Board of Directors and consequent alteration of Memorandum of Association of the Company,” said the company in a filing to the exchanges.

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