Author: TI Editor
Samuel Bankman-Fried appeared on former Fox News host Tucker Carlson’s podcast, bashing former President Joe Biden and Securities and Exchange Commission Chair Gary Gensler as his parents seek a pardon from Donald Trump. Bankman-Fried, who is serving a 25-year sentence over his role in the collapse of his FTX cryptocurrency exchange, said that he was “shocked” by the first two years of Biden’s administration and said that crypto regulation under Gensler was “something of a nightmare.” In contrast, he said on the podcast, released Thursday, that he was hopeful about what he had heard from Trump. “Obviously, the follow through…
A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq. ft., mostly concentrated in Bengaluru, Hyderabad and Mumbai. It will be majority owned by Blackstone at 55% while Sattva Group will hold the rest, the company said in its offer document filed with the Securities and Exchange Board of India (Sebi). It will be the second largest real…
Mint has learnt that Ahmedabad-based solar plant construction company has delayed repayments to one of its largest lenders, the Indian Renewable Energy Development Agency (Ireda), by up to two months. A spokesperson for state-run Ireda said the delay has been up to 30 days in some accounts, while in others, it’s up to 60 days from the due date. That contradicts Gensol’s claims on the severity of the delay. On 4 March, a spokesperson for the company said it would like to clarify that “this was a one-time disruption, resulting in a minor delay in debt repayment, which has since…
The company will work in the region in collaboration with local partners who are familiar with domestic conditions to reduce the execution risk, as per top company executives. The Shapoorji Pallonji Group company is the most bullish on Saudi Arabia and has set up a 90%-owned subsidiary in the country in July 2023 called Afcons Contracting Co. to handle local projects. The remaining stake in the Saudi subsidiary is owned by a local partner whose name the company has not disclosed. The country is spending hundreds of billions of dollars in constructing new cities in the desert, including its ambitious…
MUMBAI : Flush with funds, study-abroad platform Leap is in late-stage talks to acquire study-abroad fintech Prodigy Finance Ltd, with plans to acquire more startups, three persons close to the development told Mint. The final details are being ironed out, and the deal will close soon, said one of the persons, adding that Leap is also evaluating two to three other startups to acquire, with study-abroad consultancy KC Overseas Education being one of the leading prospects. Mint could not ascertain the size of the deal. Queries sent to Leap, Prodigy and KC Overseas early on Thursday haven’t elicited a response.…
New Delhi: Critical mineral refining and processing company Lohum is looking to raise about $200 million from private equity funds, as it readies to launch an initial public offering (IPO) in early 2027, its founder and chief executive officer (CEO) Rajat Verma said. “Growth will come from capacity expansion. We are looking to expand our capacity, not just in the minerals in which we are today, but also in some new mineral categories that we are adding. Also, some new value-added products that we’re adding, so all those capacity expansion plans are very much in place. We are looking to…
(Bloomberg) — Five years after Macau casino magnate Stanley Ho passed away, lawsuits involving the billionaire’s assets continue to pile up. In the latest incident, the administrators of Ho’s estate are bringing 18 of his descendants to court to seek a judge’s direction on the payment of costs and expenses that would be incurred from representing Ho in another case involving his late sister’s estate executor. The individuals asked to attend comprise Ho’s children, including the chairperson of MGM China Holdings Ltd. Pansy Ho and the founder of NIP Group Inc. Mario Ho, and several of his grandchildren. The latest…
(Bloomberg) — The US Securities and Exchange Commission has moved to dismiss a lawsuit accusing hedge fund Silver Point Capital of failing to enact policies to bar a consultant from sharing confidential information with the firm’s trading arm. The agreement is outlined in a filing Thursday in federal court in Connecticut. It’s subject to the SEC commissioners’ approval. The credit-focused hedge fund said it was pleased to reach a resolution. The SEC didn’t immediately respond to a request for comment. “There was absolutely no basis in the evidence or the law for the claims asserted by the SEC, and the…
What exactly has the US threatened?Trump, while addressing a joint session of the US Congress, labelled tariffs, or import duties, imposed by various nations on goods exported by the US as “very unfair”. He also singled out “higher than 100%” tariffs that he said India currently imposes on automotive imports from the US. Although Trump did not specifically refer to electronic goods in his address, strictures set to be imposed by the US from 2 April could add tax liabilities to electronic goods imported by technology companies from India, too. Therefore, brands that are using India as a manufacturing hub…
(Bloomberg) — Intuitive Machines Inc. believes its second lander may be in the wrong orientation on the moon, repeating a similar issue the company had last year when its first craft touched down lopsided. After launching this most recent lander, called Athena, into space on Feb. 26, Intuitive Machines attempted to touch down on the moon around 12:31 p.m. New York time on Thursday. However, the company said it couldn’t confirm the vehicle’s status, and revealed later that it was likely not in the right position on the moon. It was unclear what the off-kilter landing near the moon’s south…