Month: March 2023

Shares sank about 1% on Friday, as banking and financials stocks mirrored the slump in lenders globally, while IT stocks fell on persistent worries of high interest rates ahead of … Read More

The rupee pared its initial losses to settle 4 paise higher at 82.02 (provisional) against the US dollar on Friday, tracking the weakness of the American currency in the overseas … Read More

Silvergate Capital Corp, one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily. MARKET REACTION: Shares of crypto-related … Read More

The four largest US banks saw their stock prices lose a cumulative $52 billion on Thursday, as the financial sector digested reported trouble at SVB Financial, a major Silicon Valley-focused … Read More

Asian markets sank again Friday following a rout on Wall Street as signs of trouble at a regional US lender sparked concerns about the wider sector as the Federal Reserve … Read More

India and the US signed a memorandum of understanding (MoU) on the semiconductor supply chain and innovation partnership during the India-USA Commercial Dialogue, re-launched with a strategic outlook with a … Read More

Punjab Finance Minister Harpal Singh Cheema presented a Rs 1.96-lakh-crore state budget for 2023-24 in the assembly here on Friday with a focus on agriculture, education and health segments. Speaking … Read More

Boeing Co will set up in India a facility to convert passenger aircraft into freight planes to capitalise on growing global demand for cargo, executives from the U.S. aviation firm … Read More

Stock Indices traded lower today on concerns of a high-interest rate regime, as investors await February US jobs data to see if the Federal Reserve’s aggressive monetary policy has managed … Read More

El Nino conditions could have a bearing on monsoon, which in turn, would have an impact on food prices, inflation and economic growth, says V. Anantha Nageswaran | The Hindu