BUSINESS
SVB's German branch ordered to halt transactions: BaFin
SVB, previously the 16th largest bank in the US that had been operational for 40 years, collapsed last week. The BaFin "has issued a ban today for Silicon Valley Bank Germany Branch on disposals and payments, as the institution is at risk of being unable to meet its obligations towards its creditors," it said in a statement on Monday.
India to achieve $750 billion of exports in 2022-23: Piyush Goyal
Goyal said this on Monday while addressing the CII Partnership Summit in the national capital. The three-day summit got underway on Monday. "Sustainability has been at the core of G20 agenda for several years now, the core of all multilateral and bilateral engagements over the last few years, but for India, sustainability is a way of life," he said.
HSBC acquires collapsed Silicon Valley Bank's UK subsidiary
"This acquisition makes excellent strategic sense for our business in the UK," HSBC Group Chief Executive Officer Noel Quinn said in a statement on Monday, adding that SVB UK customers "can continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety and security of HSBC".
US bank shares tumble despite Joe Biden insisting system is safe
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said her admission that fresh regulations may be needed to stop further failures exposes weaknesses in the current system and now lawmakers will be asked to toughen the rules, The Guardian reported.
BharatPe strongly denies out-of-court settlement talks with Ashneer
BharatPe filed a fraud case against Grover and his family in Delhi High Court for allegedly siphoning off Rs 88.6 crore, which is currently ongoing. In a statement to IANS, the company said that reports "suggesting any settlement between BharatPe and Mr Grover or his family are completely baseless and untrue".
GAIL declares interim dividend of Rs 4 per equity share for 2022-23
The total dividend amount is Rs 2,630 crore. GAIL's board of directors approved the payment during its meeting held on Monday. GAIL Chairman Sandeep Kumar Gupta said that the company has been providing shareholders with a steady long-term returns on their investments.
25 AAI airports have been earmarked for leasing: Government
The AAI has leased out eight of its airports - Delhi, Mumbai, Ahmedabad, Guwahati, Jaipur, Lucknow, Mangaluru, and Thiruvananthapuram through Public Private Partnership (PPP) for operation, management and development on a long-term lease basis.
IREDA gets 'Infrastructure Finance Company' status from RBI
The IREDA was earlier classified as 'Investment and Credit Company (ICC)'. With the IFC status, it will be able to take higher exposure in RE financing. The IFC status will also help the company to access a wider investor base for fund mobilisation, resulting in competitive rates for fundraising.
Coal imports see 25% fall in last 3 years as India aims to enhance domestic production
In fact, coal imports have gradually come down since 2019-20, as in 2020-21, it was 215.25 million tonnes while in 2021-22, it further came down to 208.93 million tonnes. In 2022-23, it further slid below the 200 million tonnes mark to 186 million tonnes till December 2022.
We're building AI for governance, commercial use, deep capabilities: Rajeev Chandrasekhar
Reiterating that artificial intelligence (AI) is a "kinetic enabler" of the digital economy, Chandrasekhar said that India is building AI in a way that is beyond ChatGPT which has made conversations via AI a fashionable thing for the masses. "We aim to build commercially deployable AI platforms and solutions, developed by a vibrant startup ecosystem in the country which is our primary goal," the minister said during a dialogue at the Vigyan Bhawan here.
Don't Miss
Advertisement