Business and financial news
Mumbai: The Reserve Bank of India injected Rs 1.1 trillion into the system on Thursday, marking the largest single-day liquidity infusion since April 24, 2019. This comes amid onset of corporate advance taxes leading to significant outflows from the banking system
SVB Financial Group on Friday said it has applied for court-monitored restructuring under Chapter 11 bankruptcy protection to find potential buyers for its assets, Reuters reported.
Bengaluru: CARS24, an auto-tech company for pre-owned vehicles, on Friday took a giant leap towards driving innovation and growth in the pre-owned vehicle market with the launch of its first Engineering Research and Development Center (R&D Center) in Bengaluru.
New Delhi: Smartphone major itel launches its new Power Series with the contemporary P40 smartphone.
Mumbai/IBNS: Invesco Mutual Fund Thursday announced the launch of two Target Maturity Debt Index Funds – Invesco India Nifty G-sec Jul 2027 Index Fund (An open-ended Target Maturity Index Fund tracking Nifty G-sec Jul 2027 Index.
Mumbai: Sports collectibles and skill gaming company BuyStars Wednesday said it has raised $5 million in pre-series A round led by Indian Gaming and Interactive-focused VC Fund Lumikai, Chiratae and Leo Capital.
Mumbai: The stock exchanges have placed a hold on the shares owned by Patanjali Foods' promoters and promoter entities after they failed to comply with the minimum public shareholding requirement, Moneycontrol reported.
Mumbai/Delhi: The Competition Commission of India has given its nod to Reliance Retail Ventures’ (RRVL’s) acquisition of METRO Cash & Carry India for a cash consideration of Rs 2,850 crore, according to an official statement.
Mumbai: Vedanta Resources Ltd said on Wednesday it prepaid $100 million to Standard Chartered Bank via release of encumbrance on March 10.
Kolkata: A consortium of Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, and Titagarh Wagons Ltd has been declared the Lowest Bidder (L1) by the Indian Railways for manufacturing and supplying of forged wheels.
Mumbai: Creating a new paradigm in mass mobility, Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its most affordable and fuel-efficient mass motorcycle – Shine 100 in India.
Jairampur: Twenty-four farmers are participating in mushroom production project at Changlang district of Arunachal Pradesh, media reports said on Wednesday.
Facebook's parent company Meta Platforms Inc. has planned to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months.
New Delhi: India makes more real time digital transactions than US, China and Europe combined, Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, said on Tuesday.
Kolkata: To mark the occasion of International Women’s Day, RBL Bank, under its CSR initiative - UMEED 1000, has donated 100 bicycles to underprivileged girl children in Kolkata.
Bengaluru: Talent acquisition and talent management platform, HireMee has been named the ‘Most Promising Assessment Service Provider’ by ArdorComm Media.
New Delhi: India's wholesale inflation dipped to 3.85 percent in the month of February against 4.73 percent recorded in January, official data released on Tuesday revealed.
New Delhi: India's annual retail inflation rate eased marginally to touch 6.44 per cent in February from 6.52 per cent in January, as per data released by the Indian government on Monday.
New York: HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1 (INR 99).
Mumbai: HMD Global, the home of Nokia phones, oon Monday announces the launch of the Nokia C12 in India.
Washington: Signature Bank, New York, NY, was closed on Sunday by the New York State Department of Financial Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
There will be no bail out for investors of the now-collapsed Silicon Valley Bank (SVB) that recently appeared in Forbes magazine's annual ranking of the best banks in America, for the fifth year in a row, according to media reports.
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.
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).
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.
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).
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
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.
Mumbai: IDFC Mutual Fund is set to adopt its new brand identity as Bandhan Mutual Fund on Monday.
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.
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