Bloomberg Business

Indian Startup Byju’s Accuses Lenders of Extortion in Debt Fight

One of India’s hottest tech companies, Byju’s, asked a New York court to intervene in its dispute with lenders owed more than $1 billion, claiming a group of distressed-debt investors manufactured a fake debt crisis to extort money from the education-technology firm.

Robinhood Reviews Crypto Offerings After SEC Crackdown

Robinhood Markets Inc. is taking a fresh look at its cryptocurrency offerings after the Securities and Exchange Commission cracked down this week on two top digital asset trading platforms, Dan Gallagher, the firm’s legal chief, told Congress Tuesday.

US Public Transit Systems Face Credit Downgrades as Riders Stay Away

US public transit systems have faced a slew of challenges from trying to bring riders back after a pandemic-induced slump to struggling with financial shortfalls. The latest hurdle will be trying to avoid credit-rating downgrades that will make borrowing more expensive.

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