BUSINESS
US Fed raised concerns about SVB at least four years before collapse
In January 2019, the Fed issued a warning known as a 'Matter Requiring Attention', a citation a step-down from an enforcement action, about SVB's risk-management systems, The Wall Street Journal reported, citing documents from a presentation circulated last year to employees of SVB's venture-capital arm.
Gold is bankable, shines more than some western banks
"Gold prices have risen almost 7-8 per cent in the past month. The rally in the yellow metal is primarily due to the banking crisis in the west. The liquidity infused by the central banks and the expectations of lower to no rate hikes is pushing gold prices up. Gold is a safe haven, historically it has gained in periods of uncertainty," Colin Shah, MD, Kama Jewelry, said.
Fear of financial crisis keeps investors away from stock markets
A number of American banks had failed recently or came under pressure. "Nifty (at NSE) snapped a two day rise on March 20 and closed in the negative, though after witnessing a sharp rebound from the afternoon lows. At close, Nifty was down 0.65 per cent or 111.7 points at 16,988.4," said Deepak Jasani, Head of Retail Research, HDFC Securities.
17 scheduled airlines operating in the country, DGCA issued 718 Air Operator Certificate
As per a written reply by the Ministry of Civil Aviation in Rajya Sabha on Monday, at present, there are 148 operational airports in the country, which includes 137 airports, two water aerodromes and nine heliports. There were 96 operational airports of the Airports Authority of India as on March 2017.
AI platforms for healthcare industry to reach $4.3 bn in 2024: Report
This is owing to the added integration of digital health tools and technologies such as AI and Machine Learning (ML) into the healthcare industry due to the impact of the Covid-19 pandemic, said the report by GlobalData, a data and analytics company. Various healthcare companies are already implementing high-tech solutions into existing healthcare systems.
CoCo bonds fall sharply over Credit Suisse deal
Invesco's AT1 Capital Bond exchange-traded fund, which tracks the value of AT1 debt issued by banks, is down 15 per cent, The Guardian reported. These AT1 bonds, known as "contingent convertible" debt or CoCos, are designed to be triggered at times of market turbulence. They are basically shock absorbers to activate in a crisis if a bank's capital levels fall below a certain point in a crisis, AT1s are converted into equity, or written off.
Galaxy S23 series to stay in demand in India despite slowdown: T.M. Roh
Rising adoption of 5G smartphones and global consumer trend to buy smartphones that are more reliable will lead to growth in the Indian market, Dr Roh told IANS. "Demand for premium smartphones, with a price tag of over $400 in India, is rising quickly as the 5G network expands. The 5G smartphone market here is expected to grow by over 60 per cent in 2023, with the premium smartphone market projected to grow by more than 30 per cent," he elaborated.
Gizmore launches new premium looking smartwatch 'Vogue' with 1.95-inch display at Rs 1,999
The smartwatch comes available in three colour options -- Black, Orange and White. It will be available for purchase from March 2023 on the company's official website and online store. It is a trendy smartwatch with an eye-catching design and packs all the modern features young tech enthusiasts look for at a budget-friendly price.
Air India to temporarily decrease flights on certain US routes
The CEO said the the carrier will reduce few flights to San Francisco and Newark airports for the next three months. Air India has a staff strength of around 11,000, including flying and non-flying employees. While speaking at the CAPA India Summit, Wilson said: "There is a lot happening,", adding that the airline has taken significant steps to improve passenger experience.
Domestic airlines carry 2.46 cr passengers during Jan-Feb, log 74.50% annual growth
According to data published by the Directorate General of Civil Aviation (DGCA) on Monday, nearly 1.21 crore passengers were carried by the domestic airlines in February as against 76.96 lakh in the same period last year. However, February's domestic traffic recorded a marginal decline as compared with the previous month when the figure was 1.25 crore.
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