Category: Business
‘Crypto-friendly’ Signature Bank’s closure another blow to industry
The closure of Signature Bank, a lender that counted a number of crypto companies as customers, marks another major setback for digital assets as the…
SVB collapse: Anupam Mittal expects ‘doomsday predictions’ to fail. Here’ why
Sharing his opinion on the Silicon Valley Bank (SVB) situation, Shaadi.com founder Anupam Mittal said the US government will ensure no ‘doomsday prediction’ plays out,…
Adani group prepays $2.15 billion share-backed loans
Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline…
A timeline of how Silicon Valley Bank collapsed in just 48 hours
The financial world woke up to the shocking news of Silicon Valley Bank being shut down on Friday. The collapse of the 16th largest lender…
US treasury secretary says no federal bailout for Silicon Valley Bank
Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are…
I bought SVB shares at low prices, but then…: How Torre’s CEO lost savings
Silicon Valley Bank’s (SVB) failure has shocked the global financial market, and depositors are concerned of their funds trapped in the failed institution. With the…
Saudi unveils new airline Riyadh Air to compete with Gulf rivals
Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional…
Britain’s tech sector at ‘serious risk’ after SVB collapse, says Chancellor
Britain’s technology and life sciences sectors are at “serious risk” following the closure of the Silicon Valley Bank, Chancellor Jeremy Hunt warned on Sunday. The…
Elon Musk is planning to build his own town: Know where and why | World News
Entities connected to Elon Musk and his companies are acquiring thousands of acres of land in Texas to start a town where the billionaire’s employees…
‘Kids want…,’ Adani CFO pot-shot at US investor Ackman seeking bailout for SVB
Adani Group’s Chief Financial Officer (CFO) Jugeshinder Robbie Singh took a jab at American billionaire investor Bill Ackman, who had been a fierce critic of…