13 March 2023 News and Updates

📝  Silicon Valley Bank fallout spreads around the world as UK firms plead for help.

Yellen says no federal bailout for Silicon Valley Bank.

 HSBC buys collapsed Silcon Valley Bank's UK arm for 1 pound Sterling

📝 Adani Group clears dues on margin-linked share-backed loans of $2.15 billion

📝 Govt. to infuse more capital in public sector general insurers next year

📝 India, Australia likely to wrap up $100 billion trade pact by December

📝 SIBC signs MoU in sustainable infra, defence manufacturing with Maha Govt. 

📝 Two-wheeler, passenger-vehicle exports decline in February

📝 Oil giant Saudi Aramco has profits of $161 billion in 2022

📝 Govt. likely to miss divestment target as Hindustan Zinc sale delayed

📝 Import dependency for AC compressors may fall to 15% by 2027-28

📝 Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others

📝 Welspun India seeking opportunity in kids segment through pact with Disney

📝 Centre tightens regulations for states' capital expenditure loans

📝 Govt. panel concludes stakeholder discussion on digital competition law

📝 Lenders to miss March-end deadline to resolve key insolvency cases

📝 Gold ETFs record INR 165 Cr inflow in February; net AUM drops

📝 Western Railway chugs into 100-million tonnes freight club in FY-23

📝 Simpliwork to invest INR 750 Cr to expand flex workspace portfolio

📝 PM Modi inaugurates 118 Km long Bengaluru-Mysuru Expressway project

📝 India's chemical demand likely to jump to $1,000 billion by 2040: Report

📝 Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%

📝 EnKash eyes break-even in 2-3 years

📝 Traders’ body CAIT writes to IT minister Ashwini Vaishnav to ban Chinese CCTVs in India

📝 Govt’s 59-min loan scheme: 2.45 lakh loans sanctioned till March 1 in current FY, up 2.2% only from April

📝 Godrej Locks aims to clock 24% growth in current fiscal

📝 CarTrade closes in on GoMechanic

📝 Borrowing calendar for H1 FY-24: Decision on March 27

📝 Tax mop-up likely to fall short of revised estimate: Official

📝 Yes Bank stocks may face mass selling as 3-yr RBI-mandated lock-in ends on Monday

📝 Abu Dhabi’s Royal Group mulls takeover of SVB’s UK unit

📝 Saudi Arabia launches new airline, Riyadh Air to connect 100 locations by 2030

📝 Blackstone to sell stake in Sona Comstar for $640 mn

📝 IREDA’s cumulative sanctioned RE loan amount stands at INR 1.45 trillion: CMD

📝 Rising global temperatures will reduce coffee production, warns scientists

📝 Chinese city sees rise in influenza cases, proposes lockdown

📝 M&M to sell 4.6% stake in Mahindra CIE via block deals: Report.

📝 AI gets DGCA nod for wide-body pilots

📝 Godrej Industries plans to raise INR 1,000 Cr via bonds

📝 Forex reserves rise by USD 1.46 billion to USD 562.4 billion: RBI

📝 Net direct tax collections for FY-23 jump 17% YoY, reaching INR 13.73 lakh Cr

📝 India, Australia looking to increasing cooperation in critical minerals sector: Piyush Goyal

📝 India announces restoration of e-Visa services for Saudi nationals

📝 Saudi sovereign wealth fund close to deal for Boeing jets

📝 Quake death toll nears 48,000 in Turkiye, 6,000 in Syria

📝 Kerala-based Inker Robotics secures $1.2 million funding

📝 Govt. appoints Siddhartha Mohanty as interim chairman of LIC: Report

📝 US toy retailer, ToysRUs enters India for the 2nd time, opens first store

📝 PhonePe reaches $1 trn annualised payment value run rate, gets licence

📝 IDFC Mutual Fund rebrands itself as Bandhan MF, fund house unveils new logo

📝 Sebi resolves 2,672 complaints through SCORES platform in February

📝 Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers

📝 Infosys’ former president Mohit Joshi to join Tech Mahindra as MD and CEO, will replace CP Gurnani

📝 Lower beneficial ownership threshold may trip FPIs

📝 Banks, fintechs come to aid of domestic startups

📝 Nitin Gadkari to unveil first methanol run buses in Bengaluru on 12 March

📝 Centre asks states, UTs to monitor influenza and Covid trends

📝 Axis Bank hikes FD rates by 40 bps on 13 months to 2 years of tenors

📝 Tata Group signs MoU with Lockheed Martin for fighter wing production in India

📝 Niti Aayog’s AIM, Australia’s CSIRO to cooperate in innovation activities

📝 US deficit grows to $262 billion in February as tax refunds surge

📝 US will lend a helping hand to crisis-hit Pakistan for economic recovery.

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