Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale GBTC holdings to acquire a substantial amount of Bitcoin in …
KARACHI: Eminent industrialists have expressed serious concern about the ballooning debt burden of the country without any consistent economic policy, saying the government should work to promote local brands instead of asking for loans. They urged the newly elected government to work seriously and sincerely in the larger interest of …
Vedanta says deleveraging is its priority. The financial year 2025 maturities of $1,100 million and close to $750 million of interest servicing will be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does …
