BUSINESS
First Citizens considering to buy collapsed SVB: Report
According to Bloomberg News, citing sources, at least one other suitor is making a serious consideration for the collapsed bank and that could be First Citizens. Although nothing could be confirmed at the moment. SVB and First Citizens did not immediately respond to the report. This will be the US FDIC's second attempt.
Tough week ahead for markets; US FED meeting holds the key
The BSESENSEX lost on three of the five trading sessions and gained on the remaining two. The losses were on the first three days of the week followed by recovery. BSESENSEX lost 1,145.23 points or 1.94 per cent while NIFTY lost 312.85 points or 1.80 per cent to close at 17,100.05 points. The broader indices saw.
FedEx soars maximum in 9 months under Raj Subramaniam: Report
The upswing came after the company boosted its profit outlook, signalling efforts to cut costs are helping counter a decline in package volume, a Bloomberg report said. Stating that its third-quarter profit topped Wall Street's expectations, FedEx revealed that adjusted earnings this fiscal year will be $14.60 to $15.20 a share.
Biden's $6.8 tn Budget faces hurdles in Congress as it proposes higher taxes on big biz
Biden has asked the Congress for funds worth trillions in new spending that's unlikely to go through the Republican house even as he seeks to reduce deficits by raising taxes on business houses and the rich and the elite, media reports say. Having lost the majority in the house in the 2022 midterm elections.
First Republic Bank's financial woes deepening despite cash infusion
The beleaguered bank is trying to raise money through a private issue of new shares, according to the New York Times, which cited people familiar with the situation. The news comes just 24 hours after First Republic secured a cash infusion of $30 billion from a consortium of banks, CNN reported. A full sale of the bank remains on the table, according to one of the people who spoke to the New York Times.
Airlines misguiding people, forcing passengers to pay more, says Parl Panel
The Committee also pointed out the wrong information published by the private airlines on their websites, regarding the number of seats left in the flight and the prices of the tickets. The level of misinformation can be gauged from the fact that even after the last tickets have been sold, the same number of seats show on the website, as indicated before the tickets sale.
As delivery staff stress levels reach worrying highs, food delivery apps start acting
Instead of being empathic, the customer called up his company to complain. Soon enough Ajay lost his job. Hamid (name changed) accidentally pressed the doorbell of a house, he was abused. The list is endless. In the world of instant delivery, every other day we hear stories where delivery boys are beaten, abused or assaulted. Often they have to traverse in the harsh sun, wind and rain; face longer hours of work and traffic snarls.
First Republic Bank's financial woes deepen despite cash infusion
The beleaguered bank is trying to raise money through a private issue of new shares, according to the New York Times, which cited people familiar with the situation. The news comes just 24 hours after First Republic secured a cash infusion of $30 billion from a consortium of banks, CNN reported. A full sale of the bank remains on the table, according to one of the people who spoke to the New York Times.
Number of air-passengers benefitting from RCS-UDAN falls in 2022-23
A Parliamentary standing Committee took note of the dwindling numbers and has sought an explanation from the Ministry. In its latest report, the Committee noted that there has been a fluctuation in the number of RCS passengers who have benefitted from the UDAN Scheme. While the number of RCS passengers rose.
Swiss giant UBS in talks to take over all or part of Credit Suisse
The Financial Times reported that the boards of the two banks are set to meet separately over the weekend in talks initiated by the Swiss National Bank, which provided Credit Suisse a lifeline, and regulator Swiss Finma. The expected talks come as a senior Credit Suisse executive said the wealth management clients were leaving.
Don't Miss
Advertisement