Business Standard - March 17, 2023
Business Standard - March 17, 2023
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In this issue
March 17, 2023
ED CONDUCTS SEARCHES AT PREMISES OF FRANKLIN TEMPLETON'S TOP EXECS
The Enforcement Directorate on Thursday conducted searches on the residences of Franklin Templeton India's former and current executives in Mumbai and Chennai in relation to the closure of some funds in April 2020.
2 mins
'India may overtake US in 5G roll-out by year-end'
BORJE EKHOLM, CEO of Ericsson, one of the key telecom gear suppliers to telcos, spoke to Surajeet Das Gupta during a visit to New Delhi about India''s 5G journey. Edited excerpts:
3 mins
CREDIT SUISSE GETS $54-BN LIFELINE FROM CENTRAL BANK
Credit Suisse to sought shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland's central bank, after a slump in its shares had intensified fears of a global banking crisis.
1 min
Keep 'margins of safety' amid global turmoil: CEA
IMF's latest estimates for global growth appear outdated, he says
2 mins
Rajesh Gopinathan quits as TCS CEO
K Krithivasan appointed CEO-designate by board
2 mins
FDIC EYES FRIDAY BIDS FOR SIGNATURE BANK, SVB
Regulators at the US Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday.
1 min
Foxconn to assemble Apple AirPods in India
$200-million investment may be headed towards Karnataka or Telangana
2 mins
Another FPO on cards for Pataniali Foods: Ramdev
With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company's operation and it will start the process of launching a follow-on public offering (FPO) in April to increase the public shareholding to 25 per cent.
1 min
Sebi issues strict timelines for FPI disclosures
The Securities and Exchange Board of India (Sebi) has notified stricter timelines of just seven working days for foreign portfolio investors (FPIs) to disclose vital information.
2 mins
INDIAN MARKETS SNAP 5-DAY LOSING STREAK
Analysts caution investors to not dabble in sector until sentiment picks up
2 mins
J&J's dengue antiviral shows positive results
Novel anti-viral drug developed by Johnson & Johnson (J&J) arm Janssen Pharmaceutical provides \"strong protection\" against dengue in non-human primates and mice, early-stage clinical data published in 'Nature' journal has revealed.
1 min
ONLY 22% CANDIDATES TRAINED UNDER KAUSHAL VIKAS YOJANA FOUND A JOB
Fewer than one in four candidates certified under a key government skill development scheme have been placed.
1 min
Stay alert: Centre to 6 states amid rise in Covid cases
With Covid cases rising in the country, the central government has written to six states - Maharashtra, Tamil Nadu, Karnataka, Kerala, Telangana, and Gujarat - to be on alert and take steps to control the sudden increase in the number of cases.
1 min
Baidu unveils ChatGPT rival Ernie Bot, shares tumble
China's Baidu unveiled its much-awaited artificial intelligence-powered chatbot known as Ernie Bot on Thursday, but disappointed investors with its use of pre-recorded videos and the lack of a public launch, sending its shares tumbling.
1 min
Macron pushes through pension Bill without vote
French Prime Minister Elisabeth Borne triggered a special procedure to push an unpopular pension reform bill through the National Assembly without a vote, amid shouts and chants from leftwing lawmakers brandishing placards against the reform.
1 min
ECB hikes rate by 50 bps despite banking turmoil
The European Central Bank went ahead with a planned half-point increase in interest rates but was silent on what may follow amid a banking storm that's threatened the survival of Credit Suisse Group AG.
2 mins
'Will fly wherever law allows': US warns Russia after drone shot down
US Defense Secretary Lloyd Austin vowed Wednesday that US aircraft will fly 'wherever international law allows' and warned Russia to operate with caution after one of its jets allegedly downed a US drone.
1 min
The foreign hand
Leaders in trouble have often blamed the outside world
4 mins
Non-essential curbs
Policy focus must shift from imports to exports
2 mins
Consent-seeking tech top Trai pick to curb pesky calls
Digital content authorisation will involve taking customers’ consent for the brands or companies they would like to receive communication from
3 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
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