Business Standard - March 17, 2023Add to Favorites

Business Standard - March 17, 2023Add to Favorites

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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.

ED CONDUCTS SEARCHES AT PREMISES OF FRANKLIN TEMPLETON'S TOP EXECS

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:

'India may overtake US in 5G roll-out by year-end'

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.

CREDIT SUISSE GETS $54-BN LIFELINE FROM CENTRAL BANK

1 min

Keep 'margins of safety' amid global turmoil: CEA

IMF's latest estimates for global growth appear outdated, he says

Keep 'margins of safety' amid global turmoil: CEA

2 mins

Rajesh Gopinathan quits as TCS CEO

K Krithivasan appointed CEO-designate by board

Rajesh Gopinathan quits as TCS CEO

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.

FDIC EYES FRIDAY BIDS FOR SIGNATURE BANK, SVB

1 min

Foxconn to assemble Apple AirPods in India

$200-million investment may be headed towards Karnataka or Telangana

Foxconn to assemble Apple AirPods in India

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.

Another FPO on cards for Pataniali Foods: Ramdev

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.

Sebi issues strict timelines for FPI disclosures

2 mins

INDIAN MARKETS SNAP 5-DAY LOSING STREAK

Analysts caution investors to not dabble in sector until sentiment picks up

INDIAN MARKETS SNAP 5-DAY LOSING STREAK

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.

ONLY 22% CANDIDATES TRAINED UNDER KAUSHAL VIKAS YOJANA FOUND A JOB

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.

Baidu unveils ChatGPT rival Ernie Bot, shares tumble

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.

Macron pushes through pension Bill without vote

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.

ECB hikes rate by 50 bps despite banking turmoil

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.

'Will fly wherever law allows': US warns Russia after drone shot down

1 min

The foreign hand

Leaders in trouble have often blamed the outside world

The foreign hand

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

Consent-seeking tech top Trai pick to curb pesky calls

3 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

PublisherBusiness Standard Private Ltd

CategoryNewspaper

LanguageEnglish

FrequencyDaily

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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