Monday, 13 March 2023

13 March 2023 News and Updates

πŸ“  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
πŸ“ Adani Group clears dues on margin-linked share-backed loans of $2.15 billion
πŸ“ Govt. to infuse more capital in public sector general insurers next year
πŸ“ India, Australia likely to wrap up $100 billion trade pact by December
πŸ“ SIBC signs MoU in sustainable infra, defence manufacturing with Maha Govt. 
πŸ“ Two-wheeler, passenger-vehicle exports decline in February
πŸ“ Oil giant Saudi Aramco has profits of $161 billion in 2022
πŸ“ Govt. likely to miss divestment target as Hindustan Zinc sale delayed
πŸ“ Import dependency for AC compressors may fall to 15% by 2027-28
πŸ“ Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others
πŸ“ Welspun India seeking opportunity in kids segment through pact with Disney
πŸ“ Centre tightens regulations for states' capital expenditure loans
πŸ“ Govt. panel concludes stakeholder discussion on digital competition law
πŸ“ Lenders to miss March-end deadline to resolve key insolvency cases
πŸ“ Gold ETFs record INR 165 Cr inflow in February; net AUM drops
πŸ“ Western Railway chugs into 100-million tonnes freight club in FY-23
πŸ“ Simpliwork to invest INR 750 Cr to expand flex workspace portfolio
πŸ“ PM Modi inaugurates 118 Km long Bengaluru-Mysuru Expressway project
πŸ“ India's chemical demand likely to jump to $1,000 billion by 2040: Report
πŸ“ Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%
πŸ“ EnKash eyes break-even in 2-3 years
πŸ“ Traders’ body CAIT writes to IT minister Ashwini Vaishnav to ban Chinese CCTVs in India
πŸ“ Govt’s 59-min loan scheme: 2.45 lakh loans sanctioned till March 1 in current FY, up 2.2% only from April
πŸ“ Godrej Locks aims to clock 24% growth in current fiscal
πŸ“ CarTrade closes in on GoMechanic
πŸ“ Borrowing calendar for H1 FY-24: Decision on March 27
πŸ“ Tax mop-up likely to fall short of revised estimate: Official
πŸ“ Yes Bank stocks may face mass selling as 3-yr RBI-mandated lock-in ends on Monday
πŸ“ Abu Dhabi’s Royal Group mulls takeover of SVB’s UK unit
πŸ“ Saudi Arabia launches new airline, Riyadh Air to connect 100 locations by 2030
πŸ“ Blackstone to sell stake in Sona Comstar for $640 mn
πŸ“ IREDA’s cumulative sanctioned RE loan amount stands at INR 1.45 trillion: CMD
πŸ“ Rising global temperatures will reduce coffee production, warns scientists
πŸ“ Chinese city sees rise in influenza cases, proposes lockdown
πŸ“ M&M to sell 4.6% stake in Mahindra CIE via block deals: Report.

πŸ“ AI gets DGCA nod for wide-body pilots
πŸ“ Godrej Industries plans to raise INR 1,000 Cr via bonds
πŸ“ Forex reserves rise by USD 1.46 billion to USD 562.4 billion: RBI
πŸ“ Net direct tax collections for FY-23 jump 17% YoY, reaching INR 13.73 lakh Cr
πŸ“ India, Australia looking to increasing cooperation in critical minerals sector: Piyush Goyal
πŸ“ India announces restoration of e-Visa services for Saudi nationals
πŸ“ Saudi sovereign wealth fund close to deal for Boeing jets
πŸ“ Quake death toll nears 48,000 in Turkiye, 6,000 in Syria
πŸ“ Kerala-based Inker Robotics secures $1.2 million funding
πŸ“ Govt. appoints Siddhartha Mohanty as interim chairman of LIC: Report
πŸ“ US toy retailer, ToysRUs enters India for the 2nd time, opens first store
πŸ“ PhonePe reaches $1 trn annualised payment value run rate, gets licence
πŸ“ IDFC Mutual Fund rebrands itself as Bandhan MF, fund house unveils new logo
πŸ“ Sebi resolves 2,672 complaints through SCORES platform in February
πŸ“ Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers
πŸ“ Infosys’ former president Mohit Joshi to join Tech Mahindra as MD and CEO, will replace CP Gurnani
πŸ“ Lower beneficial ownership threshold may trip FPIs
πŸ“ Banks, fintechs come to aid of domestic startups
πŸ“ Nitin Gadkari to unveil first methanol run buses in Bengaluru on 12 March
πŸ“ Centre asks states, UTs to monitor influenza and Covid trends
πŸ“ Axis Bank hikes FD rates by 40 bps on 13 months to 2 years of tenors
πŸ“ Tata Group signs MoU with Lockheed Martin for fighter wing production in India
πŸ“ Niti Aayog’s AIM, Australia’s CSIRO to cooperate in innovation activities
πŸ“ US deficit grows to $262 billion in February as tax refunds surge
πŸ“ US will lend a helping hand to crisis-hit Pakistan for economic recovery.

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