Name mix-up: Fall of Silicon Valley Bank leaves customers of Mumbai-based bank in panic mode
Mumbai: The collapse of Silicon Valley Bank (SVB), considered one of the biggest seen in the US since 2008, has impacted a Mumbai-based cooperative bank.
Finance
India-Australia Relationship: Piyush Goyal, Don Farrell discuss implementation of the Economic Cooperation and Trade Agreement
New Delhi: India’s Minister of Commerce and Industry Piyush Goyal and Australia’s Minister for Trade and Tourism, Senator Don Farrell on Saturday met when they discussed implementation of the Economic Cooperation and Trade Agreement (ECTA).
Aramco's net income rises 46.5 pct YoY to USD 161.1 billion
Dhahran: Saudi Arabian oil major Aramco on Saturday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company.
Elon Musk says open to SVB buyout after tech lender closes
Washington: Twitter CEO Elon Musk says he is "open to the idea" of having his social media company buy the bankrupt Silicon Valley Bank (SVB).
Man booked for smoking, misbehaving on Air India's London-Mumbai flight
Mumbai: A case has been registered against an unruly passenger, who was caught smoking in the lavatory on an Air India London-Mumbai flight, Mumbai Police said on Sunday, news agency ANI reported
Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report
Mumbai: The Centre has appointed Siddhartha Mohanty as the interim chairman of the Life Insurance Corporation of India (LIC) for a three months period, starting March 14, according to CNBC.
IDFC Mutual Fund rebrands to Bandhan Mutual Fund
Mumbai: IDFC Mutual Fund is set to adopt its new brand identity as Bandhan Mutual Fund on Monday.
US: California regulator shuts Silicon Valley Bank
Washington: Silicon Valley Bank, Santa Clara, California, was closed on Friday by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as the receiver.
Rajeev Chandrasekhar holds consultations with stakeholders on the proposed Digital India Bill
New Delhi: Union Minister of State for Electronics & IT(MeitY) Rajeev Chandrasekhar held consultations with stakeholders on the soon-to-be introduced Digital India Bill.
NPS subscribers grow 22.88% y-o-y to 624.81 lakh
New Delhi/IBNS: The National Pension System (NPS) has witnessed a significant surge in its subscriber base over the past year, with the number of subscribers under various schemes rising to 624.81 lakh as of March 4, 2023, the Ministry of Finance said on Friday.
India-US bilateral Commercial Dialogue 2023: Collaboration in range of sectors, including semiconductors, renewable energy, agreed
New Delhi/IBNS: India-US bilateral goods and services trade has almost doubled since 2014, exceeding US $191 billion in 2022, with the United States becoming India’s largest trading partner in 2022, signalling accelerated growth of bilateral trade between both countries, said a Joint Statement issued after the conclusion of the India-US Commercial Dialogue 2023 on Friday.
India, US sign MoU on semiconductor supply chain and innovation partnership
New Delhi/IBNS: India and US on Friday inked a Memorandum of Understanding (MoU) for establishing a semiconductor supply chain and innovation partnership, an official statement said.
India's forex reserves increase to $562 billion in the week ended March 3 after five weeks of decline
Mumbai: India's foreign exchange reserves increased for the first time in five weeks and reached $562.40 billion as of the week ended March 3, according to the Reserve Bank of India's (RBI) statistical supplement released on Friday.
PM Modi, Sheikh Hasina to launch cross-border fuel pipeline on March 18: Report
New Delhi: Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina will launch the first-ever India-Bangladesh cross-border oil pipeline on March 18 through video conferencing, Bangladesh's Foreign Minister A K Momen said on Friday, media reported.
Global Surfaces IPO to launch next week, sets price band at Rs. 133-140 per share
Kolkata: Global Surfaces Limited, a Jaipur-based suppliers of surface solutions, announced its price band for Rs 133-140 per share for its forthcoming initial public offering through book-building process.
Axis Mutual Fund launches ‘Axis S&P BSE Sensex ETF’
New Delhi: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis S&P BSE Sensex ETF (An Open Ended Exchange Traded Fund Tracking S&P BSE Sensex TRI).
Honda Motorcycle & Scooter India launches 2023 H’ness CB350 & CB350RS
Mumbai: Creating a stir in the mid-size segment, Honda Motorcycle and Scooter India today launched the OBD2B compliant 2023 H’ness CB350 & CB350RS.
Volkswagen India inaugurates a new sales, service touchpoint in Kota, Rajasthan
Kota: Volkswagen Passenger Cars India strengthens its presence in Rajasthan with the inauguration of a new touchpoint in Kota.
Bitcoin trading below usd 20,000 after 8 pc drop
Moscow: The price of Bitcoin, the largest cryptocurrency, dropped 8.07% and was trading at $19,970 on the Binance cryptocurrency exchange, trading data showed on Friday.
Jammu and Kashmir: UT witnessing beekeeping promotion project
Srinagar: The Jammu and Kashmir government is trying to increase bee colonies through cluster formation, encouraging bee-preneurship and bee-startups besides developing infrastructure for post harvest management, value addition and marketing, media reports said.
Jammu and Kashmir Bank introduces Chatbot to enable better service to customers
Srinagar: Jammu and Kashmir Bank on Thursday launched JIA (J&K Bank Intelligent Assistant) – an AI-enabled Chatbot to enable better service to customers.
B. Gopkumar to be next MD & CEO of Axis AMC; other key appointments announced
Mumbai: Axis Asset Management Company Ltd. (AMC) on Thursday appointed MD & CEO of Axis Securities B. Gopkumar the next MD & CEO of Axis AMC, according to a media statement.
Apple plans to make India its sales engine amid record revenues in the region: Report
iPhone maker Apple is focussing on India as its priority region amid a significant increase in demand for Apple products in the country. Its plans include the elevation of its head of India and making the country sales engine for Apple, media reports said.
NSE cautions investors against person collecting money, seeking trading credentials
Mumbai/IBNS: The National Stock Exchange (NSE) has cautioned investors against a person who is allegedly trying to extract trading account credentials from investors by offering to help them in stock market trading.
IndiGo appoints Mark Sutch for CarGo International as CCO
Mumbai: IndiGo has appointed Mark Sutch as its new Chief Commercial Officer – CarGo International, according to a media statement.
Jio Platforms unit Radisys to acquire Mimosa Networks for $60 million
Mumbai: Radisys Corporation, a wholly owned subsidiary of Jio Platforms, would acquire Mimosa Networks for US$ 60 million on a debt-free, cash-free basis from Airspan Networks Holdings.
Airbus wins order for two ACH160 helicopters in India
New Delhi/IBNS: Airbus Corporate Helicopters has won an order for two ACH160 helicopters in India – the first sale of the type in the region, a company statement said.
SBI raises Rs 3,700 cr via AT-1 bonds
Mumbai: The country’s largest lender SBI has raised Rs 3,717 crores by issuing Additional Tier 1 (AT-1) bonds at a coupon rate of 8.25%.
Govt brings crypto trading under anti-money laundering provisions
New Delhi: The government has introduced anti-money laundering regulations on the cryptocurrency industry, as part of its ongoing efforts to strengthen legal control over digital assets.
SEBI tightens rules for buyback of shares through stock exchange route
Mumbai: The Securities Exchange Board of India has released a circular specifying restrictions on placements of bids, price, and volume for a company seeking to buy back its shares through the exchange route, media reports said.