In this issue

March 14, 2023

Markets hit 5-mth lows over SVB crisis

Sensex, Nifty plunge 1.5% amid contagion fears

2 mins

Retail inflation edges down to 6.44% in Feb

CPI inflation has remained above RBI's tolerance level in 12 of the past 14 months

2 mins

Naatu Naatu, Elephant Whisperers script history with twin Oscar wins

Naatu Naatu, the irrepressible number from the film RRR, and documentary short film The Elephant Whisperers made Oscar history for India on Monday with one award each, showcasing cinema beyond Bollywood and the growing might of the Indian nonfeature segment. This is the first time productions have bagged the cinema world´s biggest prize.

1 min

RBI weighs up SVB impact on banks, NBFCs

Seeks details about their exposure

2 mins

E-scooter makers pencil in slow sales growth for FY24

Electric two-wheeler companies are projecting they would sell around 1.5 million vehicles in FY24, much lower than NITI Aayog's ambitious target of 2.3 million.

2 mins

Present imperfect, future tense for Indian start-ups

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

5 mins

Hyundai inks pact to acquire GM India's Talegaon factory

Hyundai India has signed a pact with General Motors India for the potential acquisition of the latter's plant in Talegaon, Maharashtra.

2 mins

Govt will take a call on who can access Indian datasets, says MOS IT

Indian datasets will have restricted access and the government will decide the criteria for granting access to them, said Rajeev Chandrasekhar, minister of state for electronics and information technology, on Monday.

1 min

Inflation, biz pressure weigh on India Inc growth: S&P

Inflation concerns and competitive pressures stymied business confidence and weakened the optimism of private sector companies in February, said a report by S&P Global Market Intelligence, on Monday.

1 min

Slow clearances from state discoms impede 5G roll-out

The stolid pace of permissions and absence of bulk Right of Way (RoW) clearances by stateowned power distribution companies (discoms) is slowing the deployment of 5G infrastructure, the Digital Infrastructure Providers Association (DIPA) said on Monday.

2 mins

Fiscal slippage in FY23 likely as govt seeks to spend ₹1.5 trn more

The government may be staring at a modest slippage in fiscal deficit for 2022-23 (FY23), with the Ministry of Finance seeking parliamentary approval for additional spending through a second and final tranche of supplementary demands for grants.

2 mins

Benchmark yield slips the most in 5 months

SVB collapse likely to force Fed to go slow on rate hikes, say analysts

2 mins

Acharya: Pricing power of Big 5 driving core inflation

Former RBI deputy guv refers to RIL, Tata, Aditya Birla, Adani, Bharti as Big 5

3 mins

Will Putin attend India G20 summit? Russia clears diary

The Kremlin is opening up Vladimir Putin's schedule around this year's G20 summit in India in September to make it possible for the Russian president to participate in the leaders' gathering after skipping the last two, according to people familiar with the planning.

2 mins

HSBC 'RESCUES' SVB UK FOR £1

SVB DEPOSITS TO BE TRANSFERRED TO A NEWLY CREATED BRIDGE BANK:  FDIC  US TO COME UP WITH NEW BANK RULES AFTER SVB COLLAPSE

1 min

Biden vows to do 'whatever needed' to protect deposits

\"AMERICANS CAN HAVE CONFIDENCE THAT THE BANKING SYSTEM IS SAFE. YOUR DEPOSITS WILL BE THERE WHEN YOU NEED THEM\" JOE BIDEN, US President

1 min

Pfizer buys Seagenfor $43bn, boosts access to cancer drugs

Pfizer is purchasing cancer-drug maker Seagen for an enterprise value of $43 billion, using the biggest deal of the year to set its course out of the pandemic and back into mainstream pharma.

2 mins

'Great wall of steel': Xito protect China economy, security

China President Xi Jinping on Monday vowed to build China's military into a 'Great Wall of steel' to protect its sovereignty and developmental interests as he sought a bigger role for Beijing in global affairs, days after brokering a Saudi Arabia-Iran detente, regarded as a diplomatic coup.

1 min

Beyond the Big Bank Theory

The collapse of Silicon Valley Bank highlights the need for regulatory scrutiny beyond only large lenders and conventional finance

4 mins

Asci seeks feedback on updating guidelines for education ads

Regulator will accept inputs till April 15, new directives go beyond factual claims to try and curb negative habits and stereotypes linked to learning

2 mins

To be or Naatu be?

Naatu Naatu represents the collective craze for popcorn entertainment in a vast nation

3 mins

Everything Everywhere 7 at Once, Yeoh sets record

Everything Everywhere All at Once won the coveted best picture trophy at the Academy Awards on Sunday as Hollywood embraced an off-kilter story about a Chinese-American family working out their problems across multiple dimensions.

3 mins

₹100-cr relief for ETFs as YES Bank lock-up ends

Exchange-traded (ETFs) and index funds stand to pocket over ₹100 crore by liquidating shares of YES Bank following the end of a three-year lock-in period on the lender's shares on Monday.

2 mins

Large domestic deposits cushion Indian banks

MTM impact on domestic lenders limited due to HTM provisioning: Analysts

2 mins

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