Month: March 2023

Twitter CEO Elon Musk (Twitter)
Posted in Business

Elon Musk bought Twitter for $44bn five months ago. He says its value now is…

Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform…

Continue Reading
Representational Image
Posted in Business

From April, mutual fund investors must comply with new rules. Details here

Beginning April, some new requirements pertaining to mutual funds (MFs) will come into effect, which mutual fund investors must comply with. Here are four such…

Continue Reading
North Korea fires ballistic missiles off its east coast -South Korea military
Posted in Rest of World News

North Korea fires ballistic missiles off its east coast -South Korea military

SEOUL – North Korea fired two short-range ballistic missiles into the sea off its east coast on Monday morning, South Korea‘s military said, the latest…

Continue Reading
Taiwan: No PLA Deployment Before President'S Trip: Taiwan: No signs of PLA deployment before president's US trip
Posted in Rest of World News

Taiwan: No PLA Deployment Before President’S Trip: Taiwan: No signs of PLA deployment before president’s US trip

TAIPEI – There are no signs of any unusual military deployments by China’s military ahead of President Tsai Ing-wen’s visit to the United States and…

Continue Reading
Under the deal, unit First–Citizens Bank & Trust Company will assume SVB assets of $110 billion, deposits of $56 billion and loans of $72 billion. (Reuters)
Posted in Business

First Citizens to buy collapsed Silicon Valley Bank

Reuters | | Posted by Lingamgunta Nirmitha Rao First Citizens BancShares Inc said on Monday it will acquire Silicon Valley Bank’s deposits and loans as…

Continue Reading
A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S.(REUTERS)
Posted in Business

Number theory: Understanding the new American banking crisis

After hiking the benchmark interest rate, US Federal Reserve chairman Jerome Powell signalled that they were on the verge of pausing further rate hikes to…

Continue Reading
Australia: Australia steps toward making big polluters reduce emissions
Posted in Rest of World News

Australia: Australia steps toward making big polluters reduce emissions

CANBERRA, Australia: The Australian government took a major step toward implementing a key climate policy that would force chief greenhouse gas polluters to reduce emissions,…

Continue Reading
Deputies accused of shoving guns in mouths of 2 Black men
Posted in US News

Deputies accused of shoving guns in mouths of 2 Black men

BRANDON: Several deputies from a Mississippi sheriff’s department being investigated by the Justice Department for possible civil rights violations have been involved in at least…

Continue Reading
Mississippi: US: Daunting recovery underway in tornado-devastated Mississippi
Posted in US News

Mississippi: US: Daunting recovery underway in tornado-devastated Mississippi

ROLLING FORK (MISSISSIPPI): Help began pouring into one of the poorest regions of the U.S. after a deadly tornado tore a path of destruction for…

Continue Reading
zoho: Zoho India FY22 profit rises 43% to Rs 2,748.83 crore
Posted in Startups

first citizens: First Citizens Bank to acquire SVB’s deposits, loans from FDIC

On Monday, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank…

Continue Reading