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UBS set to take over Credit Suisse

UBS Buys Credit Suisse: Is It A Bailout, A Merger Or A Repeated Slip-Up Of Swiss Banking? 

An important lesson, supposedly learned in the aftermath of 2008 crisis, was that governments stepping in to help too-big-to-fail private banks is not a favourable situation 

20 March 2023

Adani Group

Adani Says Mundra Petrochemical Work Suspended As Finances Not Tied-Up Yet

The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the...


Lamborghini Huracan

Automobili Lamborghini Sees Opportunity To Enhance Growth In Indian Market, Says Co Chairman

Last year, the company had posted record sales in India with 92 units growing at 33 per cent from the previous year. Its previous best-ever sales in the country was in 2021 with 69 units


Tata AIA Life Insurance Launches Two Insurance-Linked Products, NFO Open

Sustainable Equity Fund will invest in equity and equity-related instruments of ESG companies, while Dynamic Advantage Fund will diversify between equity and debt. Both are available at net asset values of Rs 10 per unit....

20 March 2023

Jet Airways CEO Sanjiv Kapoor

We Don't Want To Be In A Rush, Says Jet Airways CEO

The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders


Cisco

Cisco Announces Innovations, Investments In Security Infrastructure; Expands Data Center Footprint In India

The company is introducing new risk-based capabilities across its security portfolio for hybrid and multi-cloud environments in India

20 March 2023

India Safe From US Banks’ Failure, Says HDFC Mutual Funds 

The fallout from the failure of US banks could dampen investor sentiments globally, but India is not at risk from any economic risks. Indian investors should instead increase the duration of their fixed-income portfolios,...

20 March 2023

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PSUs Asked To Issue LoCs Based On Their Financial Strength

Issuance of LoCs based on own financial strength is a part of regular business practice. It enables these entities to raise resources at competitive rates for their capex or working capital needs as well as furthering the...

20 March 2023

20 March 2023
Gujarat Government Hikes Minimum Wages For Labourers By Almost 25 Per Cent

Gujarat Government Hikes Minimum Wages For Labourers By Almost 25 Per Cent

For semi-skilled labourers, the state has hiked the minimum monthly wage from Rs 9,653.80 to Rs 11,986, up Rs 2,332.20, or 24.15 per cent. For unskilled...


20 March 2023
Private Equity And Venture Capital Investments Nearly Halve In February 2023: Report

Private Equity And Venture Capital Investments Nearly Halve In February 2023: Report

The venture investing industry poured in $6.6 billion into companies in February 2022, while the same stood at $4.314 billion in January 2023


20 March 2023
Xiaomi 13 Pro Review: The Company’s Best Smartphone To Date

Xiaomi 13 Pro Review: The Company’s Best Smartphone To Date

Xiaomi has continued its partnership with Leica and with the 1-inch sensor on the 13 Pro, the photography capabilities have gone many levels higher


20 March 2023
PepsiCo Foundation To Invest $4,00,000 For Expansion Of Safe Water Access & Sanitation In UP Over 3 Years

PepsiCo Foundation To Invest $4,00,000 For Expansion Of Safe Water Access & Sanitation In UP Over 3 Years

PepsiCo Foundation will help provide improved access to fresh water for drinking and domestic purposes, impacting more than 20,000 people and 3,000 children...


20 March 2023
Rekha Jhunjhunwala Joins Board Of Sankara Eye Foundation India

Rekha Jhunjhunwala Joins Board Of Sankara Eye Foundation India

Jhunjhunwala will continue the philanthropy work that her husband had initiated with SEFI earlier. Her charitable initiatives include contribution towards...


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20 March 2023
No Direction On Loading Rs 2,000 Notes In ATMs: Finance Minister Nirmala Sitharaman

No Direction On Loading Rs 2,000 Notes In ATMs: Finance Minister Nirmala Sitharaman

RBI in consultation with the government has announced various measures recently to diversify and expand the sources of forex funding to mitigate exchange rate...


20 March 2023
Spicejet Significantly Restructuring Balance Sheet: Ajay Singh

Spicejet Significantly Restructuring Balance Sheet: Ajay Singh

Last month, the airline announced that Carlyle Aviation Partners will acquire a 7.5 per cent stake in the airline by converting outstanding dues as well as...


20 March 2023
Samsung To Invest In Smart Manufacturing Capability, Research And Development In India

Samsung To Invest In Smart Manufacturing Capability, Research And Development In India

Samsung this year started manufacturing its premium Galaxy S23 series in India


20 March 2023
UBS Credit Suisse Deal: Holders Of $17 Billion Bonds Meet Same Fate As Yes Bank AT1 Bondholders 

UBS Credit Suisse Deal: Holders Of $17 Billion Bonds Meet Same Fate As Yes Bank AT1 Bondholders 

In India, the high-risk AT1 bonds have been in the news ever since Yes Bank decided to write-off around bonds worth Rs 8,400 crore as part of its restructuring...


20 March 2023
Credit Suisse Crisis: Who Is Dixit Joshi, The Indian-Origin Top Executive At The Swiss Bank?

Credit Suisse Crisis: Who Is Dixit Joshi, The Indian-Origin Top Executive At The Swiss Bank?

Credit Suisse’s acquisition by UBS involved a team headed by Credit Suisse’s chief financial officer (CFO) Dixit Joshi


20 March 2023
Latest Crypto News: US FDIC To Assume Signature’s Non-Crypto Deposits, Bitcoin Up 35% In 10 Days

Latest Crypto News: US FDIC To Assume Signature’s Non-Crypto Deposits, Bitcoin Up 35% In 10 Days

Here are some of the major developments from the world of crypto over the past few days


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20 March 2023
Sensex Falls Over 350 Points, Nifty Ends Below 17,000 Dragged By Losses In Infosys, Bajaj Finance

Sensex Falls Over 350 Points, Nifty Ends Below 17,000 Dragged By Losses In Infosys, Bajaj Finance

Nifty 50 index touched an intraday low of 16,828 and gold surged to record high of Rs 60,455 on the MCX


20 March 2023
ICICI Prudential Life Insurance Launches ICICI Pru Gold In Three Variants: Know Key Features  

ICICI Prudential Life Insurance Launches ICICI Pru Gold In Three Variants: Know Key Features  

ICICI Prudential Life Insurance has launched the ICICI Pru Gold in three variants to meet the individual’s various financial goals. 


20 March 2023
Crypto Prices Today: Market Trades Flat, BTC Up 0.95%, ETH down 1.52%   

Crypto Prices Today: Market Trades Flat, BTC Up 0.95%, ETH down 1.52%   

Bitcoin (BTC) was the most trending cryptocurrency, while Conflux CFX was the top gainer in the last 24 hours. 


20 March 2023
Gold Surges To Record High Amid Growing Fears Of Financial Uncertainty

Gold Surges To Record High Amid Growing Fears Of Financial Uncertainty

Banks led stock markets lower on Monday as Credit Suisse's takeover deal and promises of liquidity from central banks failed to stem fears of a bigger crisis...


20 March 2023
Strong Case To Hike Coal Prices, Could Happen Soon: CIL Chairman

Strong Case To Hike Coal Prices, Could Happen Soon: CIL Chairman

The CIL chief added that the company is aiming to raise underground coal production to 100 million tonnes by 2030 from around 25-30 million tonnes at present


20 March 2023
Some Damage To Rabi Crops Due To Unseasonal Rains; Yet To Receive Full Report From States: Centre

Some Damage To Rabi Crops Due To Unseasonal Rains; Yet To Receive Full Report From States: Centre

Many parts of the country received unseasonal rains and hail in the last few days due to western disturbances, as per the India Meteorological Department (IMD)


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