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Too-big-to-fail US lenders rake in deposits after three banks fail-thumnail

Too-big-to-fail US lenders rake in deposits after three banks fail

In the wake of the recent back-to-back collapses of three smaller banks, fear has gripped depositors who are worried that the crisis may spread. As a result, the largest banks

Business

Mar 14, 2023

<strong>Pfizer consents to purchase Seagen for $43 billion</strong>-thumnail

Pfizer consents to purchase Seagen for $43 billion

Pfizer has consented to pay USD 43 billion for biotech Seagen and its spearheading class of designated disease sedates, The Money Road Diary reported. Under the terms, Pfizer would pay

Business

Mar 14, 2023

<strong>Foreign trade settlements in Chinese yuan will be discouraged in India</strong>-thumnail

Foreign trade settlements in Chinese yuan will be discouraged in India

According to three government officials engaged in policymaking and two banking sources, India has requested banks and merchants refrain from using Chinese yuan to pay for Russian goods due to

Business

Mar 14, 2023

Only 17 of India’s 80 unicorns are profitable; there are currently 6 start-ups listed-thumnail

Only 17 of India’s 80 unicorns are profitable; there are currently 6 start-ups listed

Top-earning businesses include Billdesk, Firstcry, Zerodha, Zoho, and a few others. A company valued at $1 billion or more is considered a unicorn. According to market research platform Tracxn, India

News

Mar 14, 2023

Y Combinator lays off 20% of staff, downsizes on late-stage speculations -thumnail

Y Combinator lays off 20% of staff, downsizes on late-stage speculations 

US-based innovation startup gas pedal Y Combinator is laying off 17 representatives – – or 20% of its staff – – as it reported to downsize late-stage subsidizing. The cutbacks

News

Mar 14, 2023

BIEAP has released AP Inter hall tickets 2023; learn how to obtain them-thumnail

BIEAP has released AP Inter hall tickets 2023; learn how to obtain them

AP Inter Hall Tickets 2023 are now available at bieap.apcfss.in. Details are provided below. Andhra Pradesh Board of Intermediate Education has released AP Inter Hall Tickets 2023. Candidates who plan

News

Mar 14, 2023

<strong>The Volkswagen Group plans to build a large battery factory in Canada for electric vehicles</strong>-thumnail

The Volkswagen Group plans to build a large battery factory in Canada for electric vehicles

The battery manufacturer PowerCo of the European carmaker Volkswagen has announced plans to build its first “gigafactory” for manufacturing battery cells outside of Europe in St. Thomas, southwest Ontario. The

Business

Mar 14, 2023

BharatPe clarifies that there will be no settlement with Ashneer Grover and his family-thumnail

BharatPe clarifies that there will be no settlement with Ashneer Grover and his family

In a statement to BT, the fintech major said that they have “full faith” in the country’s judicial and legal systems. “Media reports suggesting any settlement between BharatPe and Mr.

Business

Mar 14, 2023

<strong>PM Modi meets Nokia CEO Pekka Lundmark to discuss next-generation digital infrastructure</strong>-thumnail

PM Modi meets Nokia CEO Pekka Lundmark to discuss next-generation digital infrastructure

At a “fruitful meeting” with Nokia President and CEO Pekka Lundmark, Prime Minister Narendra Modi addressed next-generation digital infrastructure. In a tweet, the prime minister acknowledged the change. A productive

Business

Mar 14, 2023

Official: Shriram Finance Targets £2.44bn Fundraising in FY24 to Support Business Expansion-thumnail

Official: Shriram Finance Targets £2.44bn Fundraising in FY24 to Support Business Expansion

Shriram Finance, a retail non-banking finance company (NBFC) in India, is planning to raise up to INR200bn ($2.44bn) in the next financial year starting in April to fund its growth.

Business

Mar 13, 2023

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal-thumnail

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Chennai-based business software firm Freshworks has stated that its exposure to failed American lender Silicon Valley Bank (SVB) is minimal and that it has not seen any disruption. In a

Finance

Mar 13, 2023

Paytm now has 89 million monthly active users and dominates offline payments-thumnail

Paytm now has 89 million monthly active users and dominates offline payments

Paytm, a leading provider of digital payments and financial services released it’s business operational results on Monday for the two months that ended in February 2023.  The average Monthly Transacting

Business

Mar 13, 2023


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