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FTX Recovery Trust announced Wednesday it will distribute roughly $2.2 billion to creditors on March 31 as part of its ongoing bankruptcy recovery process, with additional payments to preferred equity holders scheduled later this year. The payout marks the fourth distribution under FTX’s Chapter 11 reorganization plan and will go to creditors in both “Convenience”…
More than five tonnes of gold remain held up at customs without clearance. (AI image) Banks have put a pause on fresh import orders for gold and silver from overseas suppliers. Large quantities of gold and silver are stranded at customs, as a formal government notification permitting bullion imports has yet to be issued, according…
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When the 106th Constitutional Amendment passed through both Houses of Parliament in September 2023, 454 votes in favour in the Lok Sabha, unanimous in the Rajya Sabha, it was hailed as a historic moment. But laws have a way of living in the gap between their passage and their implementation. Nearly two and a half…
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India raps Bangladesh: The MEA condemned recent violence against Hindus and other minorities in Bangladesh and demanded justice for the brutal killing of a Hindu youth in Mymensingh. Delhi chokes: Centre postponed lowering GST on air purifiers, stating they cannot be classified as medical devices per Health Ministry guidelines. Angkrish Raghuvanshi hospitalised: Mumbai batsman Angkrish…
