BlackRock has restricted investor withdrawals from its $26 billion HPS Corporate Lending Fund (HLEND) after redemption requests surged beyond the usual threshold, underscoring mounting pressure in the $2 trillion global private credit market, Reuters reported.The move came after investors sought to withdraw $1.2 billion in the first quarter, equivalent to roughly 9.3% of the fund’s…
Cryptocurrency trading giant Coinbase (COIN) said new U.S. tax reporting requirements are overly onerous for many crypto holders and add unnecessary clutter to the country’s taxation system. While the idea is that taxable activity on crypto should be reported in the same way as with equities, for example, the rules require reporting transactions in stablecoins…
PM Modi lauds Lok Sabha Speaker Om Birla NEW DELHI: Two days before he faces the opposition’s resolution to remove him from office, Lok Sabha Speaker Om Birla on Saturday received wholehearted endorsement from PM Modi, who mixed praise for his work with a swipe at BJP’s rivals by saying Birla handles even some “arrogant…
Piyush Goyal (File photo) Commerce and industry minister Piyush Goyal on Saturday said India has secured the best trade deal with the United States among competing nations, highlighting the strength of the economic and strategic partnership between the two countries, reported PTI.Speaking at the Raisina Dialogue 2026 in New Delhi, Goyal said India and the…
NEW DELHI: India never stopped sourcing crude from Russia, government sources said on Saturday, despite US President Donald Trump’s linking the withdrawal of a 25% penalty tariff in the proposed trade deal framework to New Delhi’s purported pledge to halt such purchases. Sources said India has never depended on permission from any country to buy…
The Bombay Stock Exchange (BSE) has approached the Mumbai Metropolitan Region Development Authority (MMRDA) seeking allotment of land in Bandra Kurla Complex (BKC) as part of plans to expand its operational presence in Mumbai, PTI reported.In a statement on Saturday, MMRDA said BSE Managing Director and CEO Sundararaman Ramamurthy and Chief Regulatory Officer Kamala Kantharaj…
JAMMU: Two mobile phones were recovered during a routine check from a parcel meant for an inmate lodged at Bhaderwah Jail in Jammu’s Doda district Friday. The inmate is booked under the Public Safety Act (PSA), sources said.The parcel was to be delivered to Irshad Ahmad Wani, a resident of Hajin in Bandipora district. He…
Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6,…
The dominant narrative around prediction markets still centers on elections and sports. Sports account for the majority of volume at major venues, and election contracts are what put the category on the front page. But based on what active traders are actually doing with real money, prediction markets are expanding for an even more impactful…
The seventh edition of the Amazon Think Big Science Carnival was held at the CIDCO Exhibition Centre in Vashi, Navi Mumbai, on March 6, bringing together students from municipal schools to present science and technology-based solutions to real-world challenges.Supported by Amazon and implemented by the Learning Links Foundation, the programme engaged more than 12,000 students…