Business news

Last time hike? US Fed raises interest rates again, defends move

The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation

Mar 23, 2023

Sensex up 370 points high, IT, FMCG under pressure

US stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts brought confidence levels back in the financial system.

Mar 21, 2023

Tamil Nadu finance minister P.T.R. Palanivel Thiagarajan

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

Tamil Nadu Finance minister Dr P.T.R. Thiagarajan on Monday allocated Rs 500 crore towards the Chief Minister's breakfast scheme for government school students in the state.

Mar 20, 2023

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

What we have in India today is a well-regulated and well-supervised banking sector and even the NBFCs sector and other financial entities come under the RBI's domain, says RBI Governor

Mar 18, 2023

TCS CEO Rajesh Gopinathan resigns to pursue other interests

TCS CEO Rajesh Gopinathan resigns; K. Krithivasan is CEO Designate [details]

Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) has tendered his resignation, which will be effective from September 15, 2023.

Mar 16, 2023

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action

Deju Vu 2008? Dow opens 600 points down, Credit Suisse down 20%, banking fears spread rapidly across global markets

The US' Dow opened the day with a decline of more than 600 points Wednesday as banking fears spread across global markets, reports said.

Mar 16, 2023

Stock Market Today: Hopes of rebound linger as US returns to positive sentiment

Asian markets are poised to rebound on Wednesday as investors re-enter after the worst of the global fallout from the American banking sector has passed.

Mar 15, 2023

SVB Bank collapse: Indian startups have millions stuck in SVB; Indian govt to the rescue

Many Indian startups choose to be incorporated in the US. The money raised from access to global VC is deposited in SVB.

Mar 14, 2023

SVB Collapse Update: Germany halts operations, US bank shares tumble

In London, Standard Chartered is down 6 per cent with Barclays losing 5 per cent. The market is sending a consistent message that a US recession is about to start,

Mar 14, 2023

HSBC acquires 'Silicon Valley Bank UK' for 1 pound

HSBC UK Bank plc is acquiring Silicon Valley Bank UK Limited (SVB UK) for 1 pound, after a weekend of frantic negotiations by UK officials.

Mar 13, 2023

SVB collapse explained: What happens to your deposits in worst-case scenario [details]

Silicon Valley Bank crisis has snowballed into a major concern for investors, startups and VCs. Here's an explainer of the whole issue, what led to the SVB collapse and what comes next.

Mar 12, 2023

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action [details]

Hours after the crisis affecting the Silicon Valley Bank (SVB), the US, hit the headlines, panic gripped customers of a 116-year-old Mumbai-based entity, the SVC Bank.

Mar 12, 2023

SVB collapse: Minister Chandrasekhar to meet Indian startups to see how govt can help them

The bank's collapse is going to impact several startups in India which have exposure to its investments and have parked their funds in the bank.

Mar 12, 2023

Market upbeat on Adani shares despite rating agencies downgrading group companies

ICRA on Friday downgraded the outlook for Adani Total Gas to 'Negative' from stable on Friday but the market rebounded on Friday and again Monday with surge in Adani group shares

Mar 6, 2023

Market: Sensex, Nifty open high, Adani Ent shares surge 8%

Indian shares logged weekly gains on Friday after U.S. boutique investment firm GQG Partners' $1.87 billion investments in Adani group stocks

Mar 6, 2023

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Business news

Last time hike? US Fed raises interest rates again, defends move

Sensex up 370 points high, IT, FMCG under pressure

TN Budget: Rs 500 cr allocated for CM's breakfast scheme for schoolchildren

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

TCS CEO Rajesh Gopinathan resigns; K. Krithivasan is CEO Designate [details]

Deju Vu 2008? Dow opens 600 points down, Credit Suisse down 20%, banking fears spread rapidly across global markets

Stock Market Today: Hopes of rebound linger as US returns to positive sentiment

SVB Bank collapse: Indian startups have millions stuck in SVB; Indian govt to the rescue

SVB Collapse Update: Germany halts operations, US bank shares tumble

HSBC acquires 'Silicon Valley Bank UK' for 1 pound

SVB collapse explained: What happens to your deposits in worst-case scenario [details]

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action [details]

SVB collapse: Minister Chandrasekhar to meet Indian startups to see how govt can help them

Market upbeat on Adani shares despite rating agencies downgrading group companies

Market: Sensex, Nifty open high, Adani Ent shares surge 8%

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]