Day: March 20, 2023

lipped from: https://economictimes.indiatimes.com/news/international/business/bank-panic-raises-specter-of-2008-may-bring-lasting-change/articleshow/98761573.cms Synopsis In the space of a week, two U.S. banks have collapsed, Credit Suisse Group AG needed a lifeline from the Swiss and

Clipped from: https://economictimes.indiatimes.com/news/international/business/us-fed-may-consider-a-pause-as-svb-fallout-roils-markets/articleshow/98781289.cms Synopsis Fed chief Jerome Powell likely to face questions this week around central bank’s supervision of SVB and other struggling entities. Federal Reserve officials

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-dept-to-scrutinise-i-t-mca-data-to-identify-entities-not-paying-taxes/articleshow/98780285.cms Synopsis Currently, there are 1.38 crore registered businesses and professionals under the Goods and Services Tax (GST), which was launched on July 1,

Clipped from: https://www.thehindubusinessline.com/info-tech/social-media/meta-launches-paid-subscriptions-for-instagram-facebook-in-the-us/article66637941.ece Meta Verified on Instagram and Facebook is priced at $14.99 on mobile. Meta CEO Mark Zuckerberg announced the rollout of the company’s Meta

Clipped from: https://www.thehindubusinessline.com/money-and-banking/mid-size-us-banks-ask-government-to-protect-all-deposits-report/article66638150.ece The Mid-Size Bank Coalition of America said the move would halt the exodus of deposits from smaller banks, stabilise the banking sector and

Clipped from: https://www.thehindubusinessline.com/economy/russian-oil-imports-to-india-to-hit-a-plateau/article66638543.ece Spare Russian capacity, earlier marked for European Union, is almost exhausted, say analysts There is not much extra crude export capacity available to

lipped from: https://www.thehindubusinessline.com/opinion/modernising-insurance-fraud-detection-tools/article66639343.ece Staying informed on the latest developments is critical for detecting new fraud trends An effective way to counter fraud is through effective data

Clipped from: https://www.thehindubusinessline.com/money-and-banking/global-central-banks-open-daily-dollar-taps-to-help-banks/article66639961.ece The coordinated move, reminiscent of the global financial crisis of more than a decade ago, will see the Federal Reserve and the central

Clipped from: https://www.thehindubusinessline.com/money-and-banking/ubs-to-buy-for-32-billion-to-rein-in-turmoil/article66639964.ece The Swiss Federal Council, a seven-member governing body, passed an emergency ordinance allowing the merger with UBS without shareholders’ approval. Federal Councillor and

Clipped from: https://www.thehindubusinessline.com/money-and-banking/kotak-mahindra-bank-mulls-hiving-kotak-811-as-subsidiary/article66639039.ece Jay Kotak likely to head the payments arm If spun off into a subsidiary, the digital platform can have its own funding sources

Clipped from: https://www.business-standard.com/article/companies/top-10-most-valued-firms-post-rs-2-09-trn-loss-in-market-capitalisation-123031900307_1.html Corporate major Reliance Industries’ m-cap plunged Rs 67,722.33 crore to Rs 15,04,001.93 crore Market capitalisation (m-cap) of the top-10 most valued companies eroded by over Rs

Clipped from: https://www.business-standard.com/article/opinion/leadership-position-123031900898_1.html Large IT firms are witnessing changes at the top A surprise change of the guard at Tata Consultancy Services (TCS) is unlikely to affect continuity

Clipped from: https://www.business-standard.com/article/companies/clarity-on-dispensation-likely-closer-to-hdfc-hdfc-bank-merger-date-123031900587_1.html The Reserve Bank of India (RBI) is likely to take a call on the relaxations sought by HDFC Bank in relation to the merger, as

lipped from: https://www.business-standard.com/article/finance/amid-us-banking-turmoil-indian-swaps-point-to-less-aggressive-rbi-123031900673_1.html The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse

Clipped from: https://www.business-standard.com/article/international/ubs-offers-to-buy-credit-suisse-for-up-to-1-billion-says-report-123031900644_1.html UBS had earlier tabled an offer of about $1 billion, or 0.25 francs a share for Credit Suisse, which the firm had pushed

Clipped from: https://www.business-standard.com/article/opinion/lesson-for-india-from-silicon-valley-bank-collapse-123031900499_1.html The rules of the games are not the same on the US and Indian banking turfs but if risks are mispriced, the fallout