Wed, Feb 7, 2024 4:13 PM
NCLT issues notice to Byju's on insolvency plea filed by a French firm
A Flip by Avya Verma
China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer. The court has set the first hearing for the petition on March 19, 2025.
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The US stock market’s strongest two-year rally since the dot-com bubble is heading into its next big test as companies start releasing quarterly earnings, providing a major gut check on whether valuations have outrun the underlying reality. On Friday, the S&P 500 Index slid 1.5% as an unexpected surge in hiring solidified speculation that the Fed won’t cut interest rates again until H2 of 2025.
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As the crypto industry rides another bull cycle into 2025, there is renewed optimism that decentralized finance, or DeFi, will see a wave of mainstream adoption. The technological advantages of doing so are enormous as Robinhood CEO Vlad Tenev set out in a recent observation on the efficiencies of using DeFi. Fintech companies rarely own the financial infrastructures that power their products.
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