Tue, May 02, 2023
In an exclusive interaction with Zee Business, Dr Ashok Kumar Lahiri talks about why RBI chose to not raise the repo rate this time and how India has managed to deal with inflation at a time when advanced economies in the USA and Europe struggled with the same
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Tue, Mar 14, 2023
Why and how America's Silicon Valley Bank sank? Will the Federal Reserve's stance change after the banking crisis? Who is responsible for the US banking crisis? Watch to know the full 'INSIDE STORY' of US banking sector with Anil Singhvi.
Indian equity benchmarks Sensex and Nifty50 extended losses to the fourth back-to-back session on Tuesday to hit five-month closing lows. Gains across a majority of sectors in the Indian share market weighed on the headline indices, with financial and IT shares being the biggest drags. Globally, investors awaited a key US inflation reading to assess the future course of interest rates amid a banking shares-led sell-off across global markets following the collapse of US-based startup lender Silicon Valley Bank (SVB).
Mon, Mar 13, 2023
As the biggest lender in the start-up ecosystem, Silicon Valley Bank’s collapse has brought anxiety in the India start-up ecosystem. Will India, the 3rd largest startup ecosystem in the world, be bogged down with this collapse or remain unaffected?
HSBC said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound."This acquisition makes excellent strategic sense for our business in the UK," HSBC CEO Noel Quinn said in a statement.
Silicon Valley Bank collapse: The U.S. administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank (SIVB.O) threatened to trigger a broader systemic crisis.
Silicon Valley Bank collapse: Nazara Technologies, a diversified gaming and sports media platform, has informed that two of its step-down subsidiaries -- Kiddopia Inc and Mediawrkz, hold cash balances of around Rs 64 crore at the Silicon Valley Bank, the company said in a regulatory filing.
Sun, Mar 12, 2023
SVB was deeply-entrenched in the tech startup ecosystem and the default bank for many high-flying startups; its abrupt fall marked one of the largest bank failures since the 2008 global financial crisis.
Two of Silicon Valley Bank`s top officials dumped millions of dollars worth of stock just two weeks before the firm collapsed on Friday, an IANS report said.
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