Category: Business
Investors say it’s ‘a slow death’ even as First Republic Bank gets $30 bn fund
A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the…
How much deposits Indian startups have in SVB? Minister replies
Reuters | | Posted by Singh Rahul Sunilkumar Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country’s deputy…
Credit Suisse overstated financial prospects to shareholders, charges lawsuit
Bloomberg | | Posted by Singh Rahul Sunilkumar Credit Suisse Group AG was hit with its first US investor lawsuit over the bank’s recent difficulties,…
Rajesh Gopinathan resigns from TCS; Who is K Krithivasan, the new CEO-designate
Tata Consultancy Services, an Indian provider of IT services, announced in a regulatory filing that Rajesh Gopinathan, its chief executive officer, has resigned. He is…
SVB collapse: Chandrasekhar calls for making banking system more startup-friendly
Union electronics and information technology minister Rajeev Chandrasekhar has called for the need to create awareness and make banking systems more startup-friendly against the backdrop…
Third collapse in a week? Big US banks rush to rescue First Republic Bank
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming…
Sensex jumps 352 points to open at 57,987, Nifty trades above 17,100
The domestic equity market opened on a strong note on Friday, with benchmark Sensex jumping more than 350 points tracking positive global cues and ebbing…
Petrol and diesel prices today: Check fuel rates on March 17
Petrol and diesel rates in India remained unchanged on Friday. The oil companies announced the fuel prices at 6 am today. The petrol and diesel…
Gold prices in India see increase today. Check latest rates
Gold prices in India rose on Friday with a gram of 22 carat gold costing ₹5,355 compared to ₹5,305 on Thursday, according to figures by…
Tata Consultancy Services CEO Rajesh Gopinathan to step down
Indian IT services provider Tata Consultancy Services said on Thursday Rajesh Gopinathan will resign as chief executive officer, effective Sept. 15. Tata Consultancy Services (TCS)…