Clipped from: https://economictimes.indiatimes.com/news/international/business/svbs-auction-block-includes-vc-focused-lender-wealth-unit/articleshow/98567560.cms Synopsis Major banks are likely to at least explore purchasing SVB businesses given their manageable size and the attractive client base of tech
Day: March 11, 2023
👍Nearly 60 YC-backed Indian startups have deposits stuck in Silicon Valley Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/nearly-60-yc-backed-indian-startups-have-deposits-stuck-in-silicon-valley-bank/articleshow/98568604.cms Synopsis These particularly include startups backed by the famed Silicon Valley accelerator Y Combinator (YC). At least 40 YC-backed Indian startups have $250,000
–Why should cybersecurity become top priority for SMEs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-tech-why-should-cybersecurity-become-top-priority-for-smes/3005680/ Technology for MSMEs: SMEs can no longer delay investing in cybersecurity if they want to keep their business safe and operational. With the
–Managing finances is key to SMEs success | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-managing-finances-is-key-to-smes-success/3005685/ Credit and Finance for MSMEs: Founders should recognise that all sources of funds are liabilities and not gifts. The money raised today will
–The noise in the economic data | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-noise-in-the-economic-data/3005285/ There is a need to assess the extent to which economic activity gets reflected by some of the indicators used to estimate GDP.
–Unfair game | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/unfair-game/3005288/ The RCap case brings to the fore the conflict between value maximisation and insolvency process sanctity The NCLAT has recently given its nod
👍👍👍👍👍👍👍SVB collapse a sign of pain coming from end of easy-cash era – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/svb-collapse-a-sign-of-pain-coming-from-end-of-easy-cash-era/article66605280.ece Silicon Valley Bank sought funds to offset a hit on a $21 billion bond portfolio due to surging rates as customers withdrew deposits.
👍👍👍👍👍👍👍What caused Silicon Valley Bank’s failure? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/what-caused-silicon-valley-banks-failure/article66606332.ece Here is the sequence of events that led to Silicon Valley Bank’s failure: A locked door to a Silicon Valley Bank location on
SVB shutdown sends shockwaves through Silicon Valley as CEOs race to make payroll – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/svb-shutdown-sends-shockwaves-through-silicon-valley-as-ceos-race-to-make-payroll/article66606452.ece SVB Financial Group was shuttered by California banking regulators in a bid to protect depositors following a dive in the value of its
👍👍👍How will presumptive tax scheme apply for self-employed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-application-of-presumptive-taxation-scheme-for-self-employed/article66599695.ece A person who opts for presumptive taxation is deemed to have claimed all deduction of expenses While computing income as per the provisions
👍👍👍👍👍SVB chief sold $3.6 million in stock days before bank’s failure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/svb-chief-sold-36-million-in-stock-days-before-banks-failure/article66607906.ece The sale of 12,451 shares on February 27 was the first time in more than a year that Becker had sold shares in
👍👍👍👍👍Indian SaaS and YC-backed start-ups may feel the heat of SVB shutdown – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/indian-saas-and-yc-backed-start-ups-may-feel-the-heat-of-svb-shutdown/article66607856.ece Majority of Indian SaaS companies had exposure to Silicon Valley Bank A major US lender and bank of choice for Indian start-ups operating in the
👍👍👍No SVB-like scenario in India; banks are on a strong footing, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/no-svb-like-scenario-in-india-banks-are-on-a-strong-footing-say-analysts-123031000534_1.html The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced
Seven mistakes seniors make while planning their taxes and finances | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/optimise-80c-tax-saving-benefit-by-investing-in-scss-in-tranches-123031000846_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 They could invest in SCSS in tranches to optimise Sec 80C benefits and park some money in PMVVY before it closes on Mar
👍👍👍👍👍👍👍 Sebi resolves 2,672 complaints through SCORES platform in February | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-resolves-2-672-complaints-through-scores-platform-in-february-123031100562_1.html A total of 2,672 complaints against companies and market intermediaries received through capital markets regulator Sebi’s SCORES platform were disposed of in February,
👍👍👍SVB’s stranded deposits spread the pain from tech to Napa Valley | Business Standard News
Clipped from: https://www.business-standard.com/article/international/svb-s-stranded-deposits-spread-the-pain-from-tech-to-napa-valley-123031100147_1.html Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to
👍Tech Mahindra names former Infosys President Mohit Joshi as MD and CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tech-mahindra-announces-appointment-of-mohit-joshi-designate-ceo-and-md-123031100275_1.html The board of directors has approved the appointment for a period of five years with effect from December 20, 2023 to December 19,
👍👍👍👍👍SVB chief Greg Becker sold $3.6 mn in stock days before bank’s failure | Business Standard News
SVB chief Greg Becker sold $3.6 mn in stock days before bank’s failure SVB chief Greg Becker sold $3.6 mn in stock days before bank’s
👍👍👍👍👍SVB depositors, investors tried to pull $42 bn on Thursday amid jitters | Business Standard News
Clipped from: https://www.business-standard.com/article/international/svb-depositors-investors-tried-to-pull-42-bn-on-thursday-amid-jitters-123031100079_1.html At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order taking
🙏I am open to buying collapsed Silicon Valley Bank, says Elon Musk | Business Standard News
lipped from: https://www.business-standard.com/article/international/i-am-open-to-buy-collapsed-silicon-valley-bank-says-twitter-ceo-elon-musk-123031100334_1.html Twitter boss Elon Musk on Saturday said that he is open to the idea of buying the collapsed Silicon Valley Bank (SVB) and
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