SaaS pips fintech as largest unicorn creator in 2022: Orios

However, many of the SaaS unicorns reached the coveted $1-billion valuation on the back of inflated price-to-valuation ratios, Orios managing partner Rehan Yar Khan told ET.

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Elon Musk seeks to end lawsuit over 'inadvertent' late disclosure of Twitter stake

In the federal court case in Manhattan, investors accused Musk, who bought Twitter for $44 billion in October, of waiting 11 days past a U.S. Securities and Exchange Commission deadline the previous March to disclose he had bought 5% of its stock.

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China's JD.com to shut ecommerce sites in Indonesia, Thailand

JD.com will end its services in Thailand on March 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders on February 15.

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People who posted Sam Bankman-Fried's bail should be named, says US judge

The judge said that while the public had only a "weak" right to know who Bankman-Fried's guarantors were, it outweighed Bankman-Fried's arguments for confidentiality, including that the guarantors' safety could be imperiled.

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FTX sues Voyager Digital to claw back $446 million in 2022 loan payments

FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by four months.

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Twitter makes first interest payment on Elon Musk buyout debt

The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.

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Fintechs, RBI consult over FLDG rules; restaurants explore options as Zomato Gold returns

Following the release of the Reserve Bank of India’s (RBI’s) new digital lending rules, fintechs in India have been in continuous consultation over first loss default guarantee (FLDG) arrangements. Today we have new details of the conversations between the central bank and fintechs on this hot bottom issue. More details in the ETtech Morning Dispatch.

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