A majority of schemes under the Women and Child Development Department are on track, according to the Delhi government’s Outcome Budget for 2022-23 presented in the Assembly on Monday.
Out of 63 indicators for assessment, 71 per cent were on track, i...
Shares of Adani Green Energy (AGEL) surged 4.4 per cent to Rs 853 in Monday’s intra-day trade and extended its two-week rise in an otherwise a weak market, amid heavy volumes. The stock of power generation company traded higher for the fourth straight day as it rallied 21 p...
Subdued global sentiment due to mayhem in the global financial sector unleashed bears on Dalal Street on Monday. Benchmark indices Nifty50 tumbled over 250 points or 1.6 per cent to hit an intra-day low of 16,828 levels, whereas the S&P BSE Sensex crashed over 900...
Shares of India’s most valued company in terms of market capitalisation (m-cap) – Reliance Industries (RIL), information technology (IT) firm Wipro, restaurants company Jubilant FoodWorks, and household appliances firm Crompton Greaves Consumer Electricals were...
Shares of Tata Consumer Products (TCPL) dipped 2 per cent to Rs 693.05 on the BSE in Monday’s intra-day trade after the Tata Group company ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on...
Domestic markets edged lower in Monday’s intra-day trade, amid subdued global cues. READ MORE Domestic markets edged lower in Monday’s intra-day trade, amid subdued global cues.
Key indices Nifty50 declined over 100 points to trade below 17,000 levels, whereas the S&P BSE Sensex lo...
Shares of Cochin Shipyard rallied 7 per cent to Rs 473.65 on the BSE in Monday’s intra-day trade in an otherwise weak market after the company said it received an international order of Rs 550 crore from Norway-based global logistics solution provider Samskip Group.
A...
Credit Suisse Group AG’s government-brokered takeover, the Swiss lender was in the process of cutting 9,000 jobs in an effort to save itself.
That’s only the beginning after rival UBS Group AG agreed to buy the troubled bank, according to people familiar w...
Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more.
After tense talks over the weekend, UBS Group AG agreed to buy Credit Suisse in an all-share deal for about $3.25 billion, less than the market value of tro...
The finance ministry has initiated the process to appoint a new Reserve Bank deputy governor in place of MK Jain, whose extended term is coming to an end in June.
The applicant should have an experience of 15 years in banking and financial market operation...
The Adani group has suspended work on a Rs 34,900-crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said. The group’s flagship Adani En...
Microsoft is reportedly working on integrating a Crypto Wallet feature into its Edge browser, which will allow users to store, send, and receive crypto funds, as well as store NFTs.
The new Crypto Wallet feature, which was first spotted by a Twitter user,...
The National Stock Exchange (NSE) on Sunday said the inclusion and exclusion of stocks from its indices and the so-called additional surveillance measures (ASM) is done according to predetermined rules, and not as per anyone’s discretion. The clarification from the bo...
LIVE updates: The Delhi Police will deploy over 2,000 security personnel at Ramlila Maidan where thousands of farmers will gather for Monday’s ‘Kisan Mahapanchayat’, officials said. Elaborate security arrangements have been put in place to ensure that the event goes smoothly, the polic...
India and the European Union (EU) on Saturday concluded the fourth round of talks for a comprehensive free trade agreement in Brussels, a move aimed at further strengthening economic ties between the two sides.
The next round of the talks is planned for 12...
UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country’s laws to bypass a shareholder vote on the transaction, the Financial Times reported on Sunday.
Credit Suisse and UBS decline...
The Indian team would be delighted to see the kind of form that KL Rahul displayed in the first ODI at Wankhede Stadium. But the rest of the batters struggled against the pace and swing of Mitchell Starc, Sean Abbott and even Marcus Stoinis. READ MORE
IND vs AUS Live Score, 2nd ODI
...
Bank of Baroda has increased interest rates on domestic retail term deposits, including NRO and NRE term deposits, by 25 basis points on select tenors.
These rates are applicable on deposits below Rs 2 crore, with effect from March 17, 2023, the pubic sect...
The trading activity in the domestic equity markets is likely to remain volatile this week as investors will focus on global cues such as the outcome of the US Federal Reserve meeting and the US banking crisis due to lack of local triggers, analysts said.
...
Realty major DLF will invest around Rs 3,500 crore over the next four years to construct a new luxury housing project in Gurugram as its seeks to tap strong demand for residential properties.
DLF will develop a new group housing project ‘The Arbour...
India saw a single-day rise of more than 1,000 fresh COVID-19 cases after 129 days, while the active cases increased to 5,915, according to the Union health ministry data updated on Sunday.
A total of 1,071 fresh cases were reported in the county in a span...
Shortly after Amritpal Singh, the chief of pro-Khalistan outfit chief ‘Waris Punjab De’ was said to be on the run, Jalandhar Commissioner Kuldeep Singh Chahal on Saturday late evening confirmed that the radical leader had been declared a “fugitive...
Hours after PTI Chairman Imran Khan made his way to attend the Toshakhana case hearing in Islamabad on Saturday, Punjab Police finally made their way into his Zaman Park residence and arrested more than 20 party workers, media reported.
The police and PTI...
Punjab police on Saturday suspended internet services in several parts of the state amid reports of the arrest of self-styled radical Sikh preacher Amritpal Singh. According to media reports, internet services will remain suspended until 12 pm, March 19.
A...
The women’s wing of Congress staged a protest on Saturday outside BJP National President JP Nadda’ residence over ‘derogatory’ remarks against Rahul Gandhi in Lok Sabha.
Several Delhi Pradesh Mahila Congress members including the wi...
At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside. A guy from a neighboring office says the staff moved out a few weeks ago, destination unknown. ...
IT major Wipro has laid off at least 120 employees in the state of Florida, the US, due to a “realignment of business needs”.
The company detailed the layoffs in a Worker Adjustment and Retraining Notification (WARN) notice filed with the Flori...
India’s single-day tally of Covid-19 cases crossed 800 after 126 days on Saturday, while the number of active cases climbed to 5,389, according to Union health ministry data.
With 843 fresh infections, the country’s caseload increased to 4.46 c...
The CFA Institute unveiled sweeping changes to its three-level financial analyst exam to emphasize practical skills and reduce the amount of time candidates study, in the biggest reworking since the test was introduced in 1963.
Starting next year, cha...
The rapidly-growing bottled water industry can undermine progress towards a key sustainable development goal: Safe water for all, says a new United Nations report.
Based on an analysis of literature and data from 109 countries, the report says that in just...
Prime Minister Narendra Modi on Saturday said millets can help tackle challenges of food security as well as food habits and asked farm scientists to work towards increasing the share of nutri-cereals in the national food basket.
Addressing the gathering a...
Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG.
Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold...
Good morning, BS readers!
At the outset, let me tell you this weekend’s Bite is longer. You will soon see why. To give it a positive spin, this Bite is meatier. Tuck in! Story of the Week: Banking’s fault lines to the fore
We just cannot ...
Five weeks before she’s due to report to prison, Elizabeth Holmes made her pitch to remain free on bail as she appeals her fraud conviction.
The Theranos Inc. founder on Friday made what will likely be her last appearance before US District Judge Edwa...
Markets are grappling with a $600 billion question right now. Are the half-dozen banks in the spotlight outliers or a warning sign of a wider malaise in the financial sector?
Bank investors have largely been selling first and leaving that question for...
When borders slammed shut, universities worldwide were forced to confront a glaring weakness in their business models: a reliance on international students to shore up revenue. Three years on, the sector shows no signs of curbing that dependence. Instead, it’s doubled...
UBS Group AG is in discussions to take over all or part of Credit Suisse, the Financial Times reported on Friday, after an emergency funding lifeline failed to restore investor confidence in the smaller Swiss bank.
The boards of Switzerland’s two big...
With the onset of corporate advance taxes leading to significant outflows from the banking system, the Reserve Bank of India on Thursday injected Rs 1.1 trillion into the system for the largest liquidity infusion in a day since April 24, 2019.
According to...
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after its former unit Silicon Valley Bank was taken over by US regulators.
The plan to seek bankrup...
The global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday, hiking its growth forecasts for major economies.
After growth last year of 3.2%, the world...
Dating app Tinder has started to roll out new features aimed at assisting people in finding the right relationship for them while also being more authentic on their dating profiles.
Tinder users will now be able to indicate on their profiles the type of re...
The deadline to register for an H1-B visa will be extended as users face technical issues. In a tweet, US Citizenship and Immigration Services (USCIS) said, “Currently, some users are not able to complete the H-1B registration process. We apologise for any incon...
At $170.6 billion, merger & acquisition (M&A) deals in India during 2022 were the highest ever, shows Refinitiv’s India Investment Banking Review 2022 report. The deal activity in 2022 was 38 per cent higher than that in 2021.
The financial s...
Shares of KPIT Technologies moved higher by 7 per cent to Rs 874.95 on the BSE in Friday’s intra-day trade, in an otherwise volatile market, amid heavy volumes. The stock of the information technology (IT) company had hit a record high of Rs 876 on February 17, 2023....
Domestic markets were higher in Friday’s trade, amid strong global cues. READ MORE Domestic markets were higher in Friday’s trade, amid strong global cues.
Key indices Nifty50 climbed over 100 points to trade above 17,100 levels, whereas the S&P BSE Sensex advanced over 400 points...
Shares of Tata Consultancy Services (TCS) hit four-month low at Rs 3,145, down 1 per cent on the BSE in Friday’s intra-day trade after the company’s Managing Director (MD) and Chief Executive Officer (CEO) Rajesh Gopinathan on Thursday decided to step down to pursue other i...
Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.
Data published by the Fed showed $152.85 billion in b...
Copyright © 2023 By