CATEGORIES

India, Australia to soon conclude FTA talks

Both countries had implemented an economic cooperation and trade agreement in December 2022

FY23 tax collection may fall short of RE: Official

Tax RE for the current fiscal was raised by over 10% to ₹30.43 trn

H1FY24 borrowing calendar: Decision likely on March 27

Strategy will ensure that the private sector is not crowded out

Founder stake in unicorns slumps

EQUITY HOLDING AT 12.5% FROM 26.15% IN 2018

Tech chiefs across Asia race to contain fallout from SVB

Asia’s tech leaders, half a world away from the chaos that’s engulfed Silicon Valley, are scrambling to assess the potential ramifications for an industry that’s always relied heavily on US capital and connections to supercharge growth.

Mauritius loses edge on equity inflows

Assets dwindle 46% in one year

CORONATION CHALLENGES

Slated to take place in May, the coronation of Charles III is making a lot of news, both good and bad

US govt set to further tighten chipmaking exports to China

The US government has briefed companies about the plan, telling them that it expects to announce the new restrictions as early as next month

Prez Jinping confidant Li Qiang named as China's new premier

CHINA'S PARLIAMENT ON Saturday confirmed President Xi Jinping's trusted ally Li Qiang as the new premier to revive the world's second-largest economy hit by three years of 'zero-Covid' restrictions and worsening relations with the West.

Silicon Valley Bank's demise began with downgrade threat

IN THE MIDDLE of last week, Service Moody's Investors delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.

SVB chief sold $3.6 m in stock days before failure

Sales made through revocable trust controlled by Becker

New room-temperature superconductor offers tantalising possibilities

The breakthrough could transform almost any technology that uses electric energy, opening new possibilities for your phone, magnetically levitating trains, etc

Putting lipstick on the numbers

ON THE REPUBLICAN party's campaign during the US presidential election in 2008, the Democratic party's candidate, Mr Barack Obama, said, \"you can put lipstick on a pig, but it is still a pig.\"

RBI should pause, think about decoupling from Fed: Ghosh

THE RBI SHOULD \"pause and think\" if it can continue mirroring the US Federal Reserve \"stroke by stroke\" in terms of rate hikes or decouple from the American central bank, SBI group chief economic adviser Soumya Kanti Ghosh said.

Growth in direct tax revenue moderates, up 16.8% on-year

DIRECT TAX COLLECTIONS grew 16.8% on-year so far in the current fiscal year, led by a robust growth in personal income tax.

Air India gets DGCA nod for cross utilisation of wide-body pilots

AVIATION REGULATOR DGCA has approved Air India's long-pending request to allow the same pilots to operate two types of Boeing wide-body aircraft, according to officials.

EXPANDING THE SCOPE OF EXISTING FTA: India, Aus agree for early conclusion of trade talks

Aiming to push bilateral trade to $100 billion

Need to work in mission mode to help artisans: PM

LAST POST-BUDGET WEBINAR

Car manufacturers sitting on 800,000 pending orders

Chip shortage easing but launch of new models leading to higher bookings

₹250-CRORE DEAL POSSIBLE: CarTrade closes in on GoMechanic

TWO MONTHS AFTER admitting to fudging of accounts, carservicing startup GoMechanic is in an advanced stage of discussions to sell its business to used car retailing platform CarTrade for ₹250 crore in cash.

Banks, fintechs come to aid of domestic startups

Help move funds from US banks by creating Nostro accounts

Sisodia sent to ED custody till March 17

A DELHI COURT Friday sent former Delhi Deputy Chief Minister Manish Sisodia to the custody of the Enforcement Directorate (ED) until March 17 in connection with allegations of money laundering in the Delhi excise policy case.

Centre puts out advisory as influenza virus kills 2

WITH KARNATAKA AND Haryana reporting one death each of patients suffering from the H3N2 subtype of the influenza A virus, Union Health Minister Mansukh Mandaviya held a review meeting to discuss preparedness in view of the rising cases. The Centre on Friday issued an advisory to states.

CLASH OF THE TITANS: Meta working on a platform to rival Twitter

METAPLATFORMS IS exploring plans to launch a new social media app in its bid to displace Twitter as the world's \"digital town square\".

Bitcoin drops below $20k on equity selloff

BITCOIN IS HAVING its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment. The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Smaller coins like Ether, Solana and Cardano also added to losses.

RBI clears reappointment of Sumant Kathpalia as IndusInd Bank MD, CEO

THE RESERVE BANK of India on Friday approved the reappointment of Sumant Kathpalia as IndusInd Bank's managing director and chief executive officer for a period of two years, effective March 24, the lender informed the exchanges.

Silicon Valley Bank's swoon should scare us

The California-based lender to startups has taken its far larger peers tumbling with it

Boeing partners GMR to set up freighter conversion line

BOEING SAID ON Friday it would set up a facility in India to convert 737 passenger planes into dedicated freighters to tap into regional and global demand for the service.

DGCA deregisters 2 SpiceJet planes

SPICEJET'S TWO BOEING 737-800 planes have been deregistered by aviation watchdog DGCA, with the no-frills carrier saying both aircraft are being returned in the \"most efficient manner consensually\".

LAUNCHED WITH SPACEX: OneWeb launches 40 more satellites

BHARTI ENTERPRISES-OWNED OneWeb on Friday launched 40 new satellites into orbit with Elon Musk-owned spacecraft manufacturing company SpaceX, from the Cape Canaveral Space Force Station in Florida, US. With this launch, OneWeb's total fleet in space has now reached 582 satellites.