The implications of the collapse of SVB on Indian-Americans and their companies are very serious.(Bloomberg)
Posted in Business

SVB Financial group seeks bankruptcy protection amid banking crisis

SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after…

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Prime Minister Narendra Modi (PTI)
Posted in Business

Poll-bound Karnataka among seven states to win mega textile park project | Latest News India

NEW DELHI: Prime Minister Narendra Modi on Friday formally launched the ₹4,445 crore project to develop seven ‘PM MITRA’ mega textile parks — one each…

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Posted in US News

USCIS new guidelines on employer’s ability to pay may help startups retain talent

MUMBAI: The policy guidelines recently issued by the US Citizenship and Immigration Services (USCIS) on the employer’s ability to pay the proffered wage (which is…

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

swiggy: Swiggy to waive commission from new restaurants for a month

Online food and grocery delivery company Swiggy said it will waive commission from new restaurants for a month under its new initiative called Swiggy Launchpad….

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

SVB Bankruptcy: SVB Financial seeks bankruptcy protection for reorganisation

SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after…

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Khan: Arrest warrant suspended for ex-Pakistan PM Imran Khan
Posted in Pakistan News

Khan: Arrest warrant suspended for ex-Pakistan PM Imran Khan

LAHORE: An arrest warrant for former Pakistan prime minister Imran Khan was suspended Friday, his lawyers said, clearing the way for him to end a…

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

svb: SVB’s climate tech clients face humbling funding questions

For years Silicon Valley Bank was a lender of choice for climate technology startups keen to tap specialised support for early-stage companies. Post its collapse,…

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India forex reserves: India's forex reserves fall $2.40 billion to 3-month low of $560 billion
Posted in Economy

India forex reserves: India’s forex reserves fall $2.40 billion to 3-month low of $560 billion

India‘s foreign exchange reserves saw a dip of $2.397 billion, dragging the position to a three-month low of $560 billion as on March 10, 2023,…

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

coutloot: Ecommerce firm CoutLoot plans to enter physical retailing space

Ecommerce firm Coutloot said it is entering into the offline retail segment by converting existing small shops and trading units into its own branded stores,…

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Global GDP: OECD raises 2023 global GDP growth forecast to 2.6%
Posted in Economy

Global GDP: OECD raises 2023 global GDP growth forecast to 2.6%

The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen…

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