The US India Strategic and Partnership Forum (USISPF) has welcomed the actions taken to fully preserve the insured and uninsured deposits at the now-defunct Silicon Valley Bank and stated that a speedy resolution is essential for the United States to maintain its leadership in the global startup and innovation ecosystem. The head of the USISPF, […]
Crypto News: The KYC of their customers and platform users will now be needed of cryptocurrency exchanges and intermediaries dealing with digital assets that exist only in the digital realm. On March 7, the Finance Ministry said that under the Prevention of Money Laundering Act, organisations trading in virtual digital assets will now be regarded
Crypto News: Crypto Exchanges, Intermediaries Need To Perform KYC Of Clients Read More »
The luxury car manufacturer Mercedes-Benz India stated on Thursday that, as of April 1, all of its models, which range in price from Rs 2 lakh to Rs 12 lakh, will have higher prices to counter rising input costs, particularly the negative effects of foreign exchange. For the second time in three months, the company
Mercedes-Benz To Increase Prices By Rs 2-12 Lakh Across Models From Apr 1 Read More »
The RBI should “pause and think” if it can continue mirroring the US Federal Reserve “stroke by stroke” in terms of rate hikes or decouple from the American central bank, SBI group chief economic adviser Soumya Kanti Ghosh said. Ghosh said he does not see an end to the rate hike cycle of the Fed
RBI Should Pause, Think About Decoupling From Fed: Soumya Kanti Ghosh Read More »
Global Surfaces Ltd., a company that processes natural stones and produces manufactured quartz, announced on Friday that it has established a price range of Rs. 133-140 per share for its first public offering (IPO). According to a statement from the firm, the initial share sale, which begins accepting subscriptions on March 13, will end on
Global Surfaces Sets IPO Price Band At Rs 133-140 Per Share Read More »
The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The bank failed after depositors – mostly technology workers and venture capital-backed companies – began withdrawing their money creating a run on the bank. Silicon
Silicon Valley Bank Seized By FDIC As Depositors Pull Cash Read More »
According to analysts, prices for onions will remain low until the winter harvest, which has a long shelf life, begins to appear on the markets in mid-March. According to them, there is a supply glut in the market, which has resulted in situations where farmers receive a fraction of their input costs for the produce
Onion Prices Will Stay Depressed Till Mid-March: Experts Read More »
IMF India News: India, which has taken it upon itself to be carbon neutral by 2070, could achieve this ambitious goal even earlier, International Monetary Fund Managing Director Kristalina Georgieva has said. Georgieva added that it is so very important that a large country like India plays a leading role in the fight against climate
OYO Announcement: last day, OYO revealed its goal to introduce 1,800 more high-end hotels to India by 2023, more than doubling the current number. Townhouse Oak, OYO Townhouse, Collection O, and Capital O are some of its upscale hotel names. Now, OYO operates 1,800 upscale hotels throughout India. By expanding its presence in all of
OYO Announcement: OYO To Double Premium Hotels In India In 2023 Read More »
According to international rating agency Fitch, an ongoing improvement in the financial health of Indian banks portends favourably for the inherent risk profiles of the industry. According to a statement, the rate of improvement in asset quality and profitability has outpaced forecasts, and capital buffers are generally on track with plans. It reported that the
Banks’ Improving Financial Performance Supports Intrinsic Creditworthiness: Fitch Read More »
